Mainstream Minerals Announces Closing of Private Placement

Toronto, Ontario–(Newsfile Corp. – January 16, 2019) – Mainstream Minerals Corporation (the “Company“) announces that it has closed its previously announced private placement for aggregate gross proceeds of $500,000 through the issuance of 50,000,000 common shares (“Common Shares“) of the Company at a price of $0.01 per Common Share (the “Offering“).

The transaction constituted a related party transaction within the meaning of Multilateral Instrument 61-101 (“MI 61-101“) as an insider of the Company subscribed for an aggregate of 2,750,000 Common Shares pursuant to the Offering. The Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(b) and 5.7(1)(a) of MI 61-101, as the fair market value of the participation in the Offering by the insider does not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101. The Company did not file a material change report in respect of the related party transaction at least 21 days before the closing of the Offering, which the Company deems reasonable in the circumstances in order to complete the Offering in an expeditious manner.

All Common Shares issued in connection with the Offering are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.

For further information, please contact:

Lisa McCormack
President & Chief Executive Officer
Tel: 416-361-2515
Email: lmccormack@irwinlowy.com

This news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “would”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company’s Management’s Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.

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American Creek Resources Announces $100,000 Financing

Cardston, Alberta–(Newsfile Corp. – January 15, 2019) – American Creek Resources Ltd. (TSXV: AMK) (“the Corporation”) today announced that it will be offering on a non-brokered private placement basis (“the Offering”) up to 2,000,000 units (“Units”) at a price of $0.05 per Unit for proceeds of $100,000 if the Offering is fully subscribed. Each Unit will consist of one common share of the Corporation (“Common Share”) and one non-transferrable Common Share purchase warrant (“Warrant”). Each Warrant may be exercised for one additional Common Share at a price of $0.06 for a period of 24 months from the closing date of the Offering.

The securities will be offered to qualified purchasers in reliance upon exemptions from prospectus and registration requirements of applicable securities legislation.

Proceeds will be used for general operating purposes including settling outstanding debt.

This private placement is subject to approval by the TSX Venture Exchange.

About American Creek

American Creek is a Canadian junior mineral exploration company with a strong portfolio of gold and silver properties in British Columbia. Three of those properties are located in the prolific “Golden Triangle”; the Treaty Creek and Electrum joint venture projects with Tudor Gold/Walter Storm as well as the 100% owned past producing Dunwell Mine.

The Corporation also holds the Gold Hill, Austruck-Bonanza, Ample Goldmax, Silver Side, and Glitter King properties located in other prospective areas of the province.

For further information please contact Kelvin Burton at: Phone: 403 752-4040 or Email: info@americancreek.com. Information relating to the Corporation is available on its website at www.americancreek.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

DXI Completes Final Tranche of $780,000 Convertible Debt Financing For NEBC Woodrush Drill Program

Issues Woodrush Operational Update

Vancouver, British Columbia–(Newsfile Corp. – January 15, 2019) –  DXI Energy Inc. (TSX: DXI) (OTCQB: DXIEF) (“DXI” or the “Company”), an upstream oil and natural gas exploration and production company operating projects in Colorado’s Piceance Basin and the Peace River Arch region in British Columbia today announced that it has completed the entire $780,000 in convertible debt financing designated for the continued development of the Woodrush Project in Fort St. John. (All figures in Cdn.$, except where noted).

Financing Update:

Subject to final regulatory approval, four arms-length, U.S. accredited investors have closed loans to the Company $780,000 (US$600,000) on a first secured basis ranking “pari passu” with the existing first secured loans. The new loans are convertible into common shares at $0.06 until expiry in 2022, and will bear interest at the Canadian bank prime rate +1%. $520,000 (US$400,000) closed on October 3, 2018 while the balance of $260,000 (US$200,000) closed on January 14, 2019. The lenders may convert at any time and the total number of common shares of the Company issuable upon conversion of the principal amount of the $780,000 is 13,000,000. No fees will be paid. Proceeds from this transaction will be applied to NE B.C. lease obligations, surveying and environmental work for our 2019 Woodrush drilling licenses and related permits, construction of new drilling ‘pads’ if required by the B.C. Oil and Gas Commission, and general working capital.

Woodrush Operations Update:

The Company is pleased to announce that the surveys, environmental and biologist reports, C&N exemptions and industry-standard notices required to be filed with License Applications to drill wells in B.C. have been completed and filed online with the B.C. Oil & Gas Commission. Following BCOGC approval, the Company expects to commence field operations to drill an exploration well at b-89-E/94-H-1 at the end of February, 2019.

About DXI ENERGY INC.

DXI Energy Inc. maintains offices in Calgary and Vancouver, Canada and has been producing commercial quantities of oil and gas since 2008. The company is publicly traded on the Toronto Stock Exchange (DXI.TO) and the OTCQB (DXIEF).

Statements Regarding Forward-Looking Information: This news release contains statements about oil and gas production and operating activities that may constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities legislation as they involve the implied assessment that the resources described can be profitably produced in the future, based on certain estimates and assumptions. Forward-looking statements in this press release include, but are not limited to, statements regarding the future plans of the Company, the completion and final amount raised in the debt financing, the final use of proceeds and that all necessary final approvals will be obtained. Forward-looking statements are based on current expectations, estimates and projections that involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those anticipated by DXI Energy and described in the forward-looking statements. These risks, uncertainties and other factors include, but are not limited to, adverse general economic conditions, operating hazards, drilling risks, inherent uncertainties in interpreting engineering and geologic data, competition, reduced availability of drilling and other well services, fluctuations in oil and gas prices and prices for drilling and other well services, government regulation and foreign political risks, fluctuations in the exchange rate between Canadian and US dollars and other currencies, as well as other risks commonly associated with the exploration and development of oil and gas properties. Additional information on these and other factors, which could affect DXI Energy Inc.’s operations or financial results, are included in DXI Energy Inc.’s reports on file with Canadian and United States securities regulatory authorities. We assume no obligation to update forward-looking statements should circumstances or management’s estimates or opinions change unless otherwise required under securities law.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, or applicable state securities laws, and may not be offered or sold to persons in the United States absent registration or an exemption from such registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

The TSX does not accept responsibility for the adequacy or accuracy of this news release.

Follow DXI Energy’s latest developments on: Facebook http://facebook.com/dxienergy and Twitter @dxienergy.

Contact: DXI Energy Inc.
Sean Sullivan
President & CEO
604-638-5050
investor@dxienergy.com

David Matheson
CFO
604-638-5054
dmatheson@dxienergy.com

Quaterra Announces Private Placement

Vancouver, British Columbia–(Newsfile Corp. – January 15, 2019) – Quaterra Resources Inc. (the “Company” or “Quaterra”) plans to issue up to 3,000,000 common shares in a non-brokered private placement at a price of $0.05 per common share for gross proceeds of $150,000.

Net proceeds from the private placement are proposed to be used for advancing the Company’s Yerington project in Nevada, and general and administrative purposes.

Finders’ fees and commissions may be payable with respect to the subscriptions accepted by the Company. The private placement is subject to TSX Venture Exchange approval.

On behalf of the Board of Directors,

Thomas Patton
Chairman and CEO
Quaterra Resources Inc.

For more information please contact:
Gerald Prosalendis, President & COO, Quaterra Resources Inc.
250-940-3581

This news release is intended for distribution in Canada only and is not intended for distribution to United States newswire services or dissemination in the United States.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Quaterra Resources Inc. does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.

CSE Grows at Record Pace in 2018; Trading Volume, Financings, Listings Hit New Highs

Toronto, Ontario–(Newsfile Corp. – January 15, 2019) – The Canadian Securities Exchange (CSE) today reported performance data for 2018 featuring record levels for trading volume, trading value, number of listings and capital raised by CSE issuers. The CSE added 123 new issuers during the year, more than twice the 56 issuers that joined the market in 2017. A total of 28 issuers came to market through initial public offerings, also a new record for the exchange.

Key Statistics

  • Trading volume in CSE listed securities was 28.6 billion shares, an increase of 64% compared to 2017;
  • The value of shares traded in CSE listed securities totaled $20.3 billion, rising 160% on the year;
  • Financings completed by CSE issuers climbed 276% to $5.22 billion;
  • The CSE finished 2018 with 462 listed securities, up 34%.

Cannabis and related companies continued to lead activity on the CSE in 2018, accounting for 60.5% of trading volume. Technology companies were the second most active at 18.9%. Mining companies accounted for 11.8%.

Cannabis companies also led the way in raising capital, with issuers grossing a total of $3.99 billion through 270 financings. The largest cannabis financings in 2018 were Curaleaf Holdings (CURA; $520 million), Acreage Holdings (ACRG.U; $416 million) and Harvest Health & Recreation (HARV; $288 million). Mining companies raised a total of $217 million, completing 221 transactions. Financial institutions from North America, Europe and Asia featured prominently in many of the larger cannabis financings, playing a much more notable role than in 2017.

The CSE made significant progress with development of its blockchain-enabled clearing and settlement facility during the year. Potential benefits of the facility include shortened clearing times (which should reduce related dealer capital requirements), enhanced document management and lower back-office costs. Testing the system with the dealer community will be a key strategic priority in the coming year.

Looking to 2019, the exchange will continue to expand teams working on issuer compliance to support the increasing number and scale of companies choosing the CSE for their primary public listing. New marketing initiatives will also be introduced to help bring issuers to the attention of the financial community. The CSE debuted Public Entrepreneur, a publication profiling a mix of recent and long-standing issuers in each issue, in March 2018. Plans call for extending the brand across more digital media channels in 2019, including podcasts and video.

In the first quarter of 2019, the exchange will be moving its headquarters to First Canadian Place in downtown Toronto. Featuring 16,000 square feet of space, the new location will support a host of additional exposure opportunities for CSE issuers, including a market centre to celebrate trading debuts and other important issuer achievements.

“The CSE’s exceptional growth in 2018 reflects our ongoing commitment to anticipating the needs of our issuer base and continuing to provide a path to the lowest-cost public capital in North America,” said Richard Carleton, CSE Chief Executive Officer. “It was clear as the year went on that efforts to convey the value of a CSE listing to entrepreneurs in the US, Europe, Israel and other jurisdictions were having the desired result, as we received listing applications from Canada and abroad at a rate never before seen. Given the size of our new issuer pipeline, and continued investor interest in the exchange’s listed companies, the CSE is positioned to achieve a series of important milestones in 2019.”

Contact

Richard Carleton
CEO – Canadian Securities Exchange

(416) 367-7360, richard.carleton@thecse.com

Portofino Increases Oversubscribed Private Placement

Vancouver, British Columbia–(Newsfile Corp. – January 11, 2019) – PORTOFINO RESOURCES INC. (TSXV: POR) (FSE: POT) (“Portofino” or the “Company”) announces that due to strong interest in its previously announced financing it has increased its non-brokered private placement from $500,000 to up to $600,000 priced at $.055/Unit. Each Unit consists of one common share and one 2-year common share purchase warrant exercisable at $0.08.

Closing will be subject to TSX Venture Exchange approval and any shares issued will be subject to a four-month hold period. The Company contemplates that various exemptions will be utilized pursuant to this financing including the suitability advice exemption (B.C. Instrument 45-536). There is no material fact or material change that has not been generally disclosed.

Proceeds from this financing shall be used by the Company for exploration on its lithium projects which are strategically located within the province of Catamarca, Argentina, and for general corporate purposes.

About Portofino Resources Inc.

Portofino is a Vancouver-based Canadian company focused on acquiring, exploring and developing mineral resource projects in the Americas. The Company maintains an interest in several prospective lithium salar properties located within the world-renowned “Lithium Triangle” in Argentina.

On Behalf of the Board,

“David G. Tafel”
Chief Executive Officer

For Further Information Contact:
David Tafel
CEO, Director
604-683-1991

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward looking statements concerning future operations of Portofino Resources Inc. (the “Company”). All forward- looking statements concerning the Company’s future plans and operations, including management’s assessment of the Company’s project expectations or beliefs may be subject to certain assumptions, risks and uncertainties beyond the Company’s control. Investors are cautioned that any such statements are not guarantees of future performance and that actual performance and exploration and financial results may differ materially from any estimates or projections.

SilverCrest Closes Private Placement With COO

Vancouver, British Columbia–(Newsfile Corp. – January 11, 2019) –  SilverCrest Metals Inc. (TSXV: SIL) (NYSE American: SILV) (“SilverCrest” or the “Company”) reports that the non-brokered private placement announced December 17, 2018 with Pierre Beaudoin has completed. The private placement is comprised of 100,000 units at a price of Cdn$2.92 per unit for gross proceeds of Cdn$292,000. Each unit consists of one common share and one-half of one common share purchase warrant, each whole warrant exercisable for one common share of SilverCrest at a price of Cdn$4.03 per share for a term of two years. No commissions or finder’s fees were paid in connection with this placement.

As Mr. Beaudoin is the Chief Operating Officer of the Company, the placement constitutes a “related party transaction”, within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 (“MI 61-101”). The Company has relied on the exemptions from the formal valuation and minority approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1) (a) of MI 61-101 in respect of related party participation.

A material change report was not filed more than 21 days prior to closing of the placement due to the timing of the announcement and closing occurring in less than 21 days.

The shares and warrants issued under the private placement and the shares issuable upon exercise of the warrants are subject to a hold period that expires on May 11, 2019.

Net proceeds from the private placement will be used for general working capital purposes.

NO U.S. REGISTRATION

The securities referred to in this news release have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any applicable securities laws of any state of the United States, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons (as such term is defined in Regulation S under the U.S. Securities Act) or persons in the United States unless registered under the U.S. Securities Act and any other applicable securities laws of the United States or an exemption from such registration requirements is available. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of these securities within any jurisdiction, including the United States.

ABOUT SILVERCREST METALS INC.

SilverCrest is a Canadian precious metals exploration company headquartered in Vancouver, BC, that is focused on new discoveries, value-added acquisitions and targeting production in Mexico’s historic precious metal districts. The Company’s current focus is on the high-grade, historic Las Chispas mining district in Sonora, Mexico. SilverCrest is the first company to successfully drill-test the historic Las Chispas Project resulting in numerous discoveries. The Company is led by a proven management team in all aspects of the precious metals mining sector, including taking projects through discovery, finance, on time and on budget construction, and production.

N. Eric Fier, CPG, P.Eng
CEO
SilverCrest Metals Inc.

For Further Information:

SilverCrest Metals Inc.
Contact: Fred Cooper, Investor Relations
Telephone: +1 (604) 694-1730
Fax: +1 (604) 694-1761
Toll Free: 1-866-691-1730 (Canada & USA)
Email: info@silvercrestmetals.com
Website: www.silvercrestmetals.com
570 Granville Street, Suite 501
Vancouver, British Columbia V6C 3P1

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES