Queensland Bauxite Ltd (ASX:QBL) MCL Secures Access to Medical Cannabis Import License

April 19, 2018, 8:42 pm

≫ Next: Broken Hill Prospecting Ltd (ASX:BPL) Thackaringa Cobalt Project JV Completes Stage 1 Earn-In

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The Board of Queensland Bauxite Limited (ASX:QBL) (QBL) is delighted to announce that its subsidiary, Medical Cannabis Limited (MCL) has entered into a binding MOU with Burleigh Heads Cannabis Pty Ltd (BHC). BHC has a medical cannabis import license approved by the Office of Drug Control (ODC), and has Government approved secure storage facilities for medical cannabis products. The MOU outlines the terms where BHC will provide the import and storage services for MCL's international medical cannabis products.

This deal provides MCL with immediate access to the required Australian licenses and secured storage facilities that are required to import its Canntab medical cannabis pharmaceutical extended release pills from Canada. For more information on the significance of the unique Canntab product, please see the following ASX announcement previously released by the company:

http://abnnewswire.net/lnk/8TY23L1J

This is a further deal in line with the strategy of MCL to create mutually beneficial strategic alliances in the growing medical cannabis industry in Australia and globally to streamline and maximise value for all involved.

Highlights

- Obtaining import and storage abilities is a significant milestone for MCL to market its international medical cannabis product suite

- MCL remains on target to commence distribution of the Canntab pill in 2H 2018

- The initial import of the Canntab product to Australia from Canada will be arranged by BHC free of charge to MCL, with the intention to negotiate in good faith a potentially larger strategic alliance between the companies.

Background

BHC is an importer and distributor of medical cannabis pharmaceuticals, with the ability to import and store medical cannabis products via its storage facility approved by the Federal Office of Drug Control (ODC) and QLD Government. MCL has distribution rights for medical cannabis products for the Australian region, including the Canntab suite of products, which are exported from Canada by Canntab Therapeutics Ltd (a company incorporated under the laws of the Province of Ontario). The MOU announced today outlines the terms for BHC to import and store medical cannabis products on behalf of MCL.

Comment from Pnina Feldman, Chairperson of QBL

"MCL's partnership with BHC represents a significant milestone in value creation as the Canntab product moves ever closer to be market ready. We are pleased that MCL is continuing to achieve its goals in a timely and effective manner. The company remains on track for first revenues from the Canntab product to be generated in the second half of the year."

Queensland Bauxite Ltd
Tel: +61-2-9291-9000

For further information or any queries please email the Company at:
sfeldman@queenslandbauxite.com.au

↧

Broken Hill Prospecting Ltd (ASX:BPL) Thackaringa Cobalt Project JV Completes Stage 1 Earn-In

April 19, 2018, 9:38 pm

≫ Next: Cobalt Blue Holdings Limited (ASX:COB) Thackaringa JV - Stage One Completed

≪ Previous: Queensland Bauxite Ltd (ASX:QBL) MCL Secures Access to Medical Cannabis Import License

Broken Hill Prospecting Limited (ASX:BPL) (OTCMKTS:BPLNF) or the Company, advises that under the terms of the Thackaringa Joint Venture (TJV) with Cobalt Blue Holdings Ltd (ASX:COB) (OTCMKTS:CBBHF) (COB) the requirements have now been satisfied for COB to retain 51% beneficial interest in the TJV.

- The Thackaringa Cobalt Project Joint Venture (TJV) between Broken Hill Prospecting Ltd (BPL) and Cobalt Blue Holdings Ltd (COB) delivered a major resource upgrade on 19 March 2018. (see Note below)

- BPL have assessed the technical and financial milestones under the TJV Stage 1 and confirm COB has now earned 51% beneficial interest in the Thackaringa Project, with BPL holding the balance of 49% beneficial interest and 100% of the legal title.

- The TJV is now moving towards the completion of a Prefeasibility Study (PFS) by 30 June 2018.

Additional project milestones have still to be met by specific dates for COB to further increase its interest. BPL and COB are now moving towards completion of the Thackaringa PFS by 30 June 2018. This is the next major project milestone and, if met, will allow COB to move to 70% beneficial interest in the project.

BPL's Managing Director, Trangie Johnston commented:

"The major resource upgrade at Thackaringa in March was a key step underpinning completion of Stage 1 of the Thackaringa JV.

As this world class project develops momentum, we are delighted to see an increased level of external investor interest demonstrated by the recent transaction with LG International, announced by the TJV on 23 March.

BPL holds a significant direct interest in the Thackaringa project, and also holds long term rights, including a right to payment of $7.5 million, a royalty interest and rights to intellectual property developed by the Thackaringa Joint Venture."

Note: BPL confirms it is not aware of any new information or data that materially affects the information included in the original market announcement and, in the case of estimates of Mineral Resources, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcements continue to apply and have not materially changed. BPL confirms that the form and context in which the Competent Person's findings presented have not been materially modified from the original market announcement.

Broken Hill Prospecting Ltd
Anthony (Trangie) Johnston
Managing Director
Tel: +61-2-9238-1170
Email: info@bhpl.net.au

↧

Cobalt Blue Holdings Limited (ASX:COB) Thackaringa JV - Stage One Completed

April 19, 2018, 9:38 pm

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≪ Previous: Broken Hill Prospecting Ltd (ASX:BPL) Thackaringa Cobalt Project JV Completes Stage 1 Earn-In

Cobalt Blue (ASX:COB) (OTCMKTS:CBBHF) is pleased to announce it has retained the Stage 1 percentage share (51% beneficial ownership) under its Thackaringa Joint Venture Agreement with Broken Hill Prospecting Ltd (ASX:BPL) (OTCMKTS:BPLNF).

KEY POINTS:

Cobalt Blue's Chairman, Rob Biancardi said:

"COB is delighted to have achieved our Stage One milestone. We look forward to working with our JV partner, Broken Hill Prospecting, in progressing the world class Thackaringa Cobalt Project."

Thackaringa JV Background

Broken Hill Prospecting Limited and Cobalt Blue Holdings Limited have entered into a farm-in joint venture agreement in respect of the Thackaringa Project to finance and undertake exploration of the Thackaringa Project. Until Cobalt Blue's farm-in obligations have been satisfied, its interest in the tenements located at the Thackaringa Project is beneficial. Under the terms of the farm-in joint venture agreement, Cobalt Blue's beneficial interest in the Thackaringa Project will be increased in tranches on satisfaction of certain exploration and development milestones. When Cobalt Blue has completed its farm-in obligations, it will become the registered holder of the Thackaringa Project tenements. Broken Hill Prospecting remains the registered holder of the Thackaringa Project tenements until the farm-in is complete.

Thackaringa Cobalt Project - Current Status:

EL 6622 - 51% beneficial interest Cobalt Blue Holdings Limited

EL 8143 - 51% beneficial interest Cobalt Blue Holdings Limited

ML 86 - 51% beneficial interest Cobalt Blue Holdings Limited

ML 87 - 51% beneficial interest Cobalt Blue Holdings Limited

Joe Kaderavek
Chief Executive Officer
Cobalt Blue Holdings Limited
Ph: +61-2-9966-5629
Website: www.cobaltblueholdings.com
Email: info@cobaltblueholdings.com

↧

Investorium.tv Video Webcast: Martin Rogers Introduces IndependentReserve at PlayUp ICO Launch

April 19, 2018, 9:40 pm

≫ Next: Investorium.tv Video Webcast: Luke Lombe Introduces Cryptyk.com at PlayUp ICO Launch

≪ Previous: Cobalt Blue Holdings Limited (ASX:COB) Thackaringa JV - Stage One Completed

Martin Rogers from KTM Ventures Innovation Fund Explains Cryptocurrency Exchanges at the PlayUp Global Fantasy Sports ICO Launch in Sydney on April 16th, 2018.

Martin Rogers is a successful start-up investor and company director. Martin has Chemical Engineering and Computer Science degrees and has a depth of experience in incubating companies and publicly listed organisations.

Martin has experience in all aspects of financial, strategic and operational management. Martin has been both an investor and senior executive in a private funded advisory business in the tech, science and life sciences sectors, where he was instrumental in significantly increasing the value of those investments.

Martin was instrumental in the establishment of KTM Ventures, an ESVCLP (Early Stage Venture Capital Limited Partnership) incorporated under Australian law with tax advantages to venture investors. KTM Ventures provides potentially higher investment returns in a tax-effective fund focused upon pre-IPO and private expansion capital.

Martin's recent board positions include: Chairman, Actinogen (ASX:ACW) and Rhinomed (ASX:RNO), Non-Executive Director OncoSil Medical (ASX:OSL) and Cellmid (ASX:CDY). Prior to this Martin was the CEO for Prima BioMed Ltd (ASX:PRR).

To view KTM Ventures Innovation Fund, please visit:
http://ktmcapital.com.au/ktm-ventures/

Australia's First Regulated Cryptocurrency Exchange:
http://www.independentreserve.com

To view the Video Webcast, please visit:
http://www.abnnewswire.net/press/en/92837/KTM

Michael Henderson
DEC PR 
Phone +61 413 054 738 
m.henderson@decpr.com.au

↧

Investorium.tv Video Webcast: Luke Lombe Introduces Cryptyk.com at PlayUp ICO Launch

April 19, 2018, 10:33 pm

≫ Next: Carnarvon Petroleum Limited (ASX:CVN) Phoenix Project - Volumetric Strategy

≪ Previous: Investorium.tv Video Webcast: Martin Rogers Introduces IndependentReserve at PlayUp ICO Launch

Luke Lombe is CMO for Cryptyk.com, an implementer of blockchain security and business solutions. Luke's background includes Business Development / Marketing Specialist, Fortune 500 consultant and Producer with two TEDx talks behind him.

Presenting to PlayUp Token investors at Investorium.tv on Monday 16, April, Luke detailed blockchain security solutions and implementation as well as the upcoming Cryptyk ICO.

To view more about Luke and Cryptyk, please visit:
http://www.cryptyk.com

To view the Video Presentation, please visit:
http://www.abnnewswire.net/press/en/92842/cryptyk

Michael Henderson
DEC PR 
Phone +61 413 054 738 
m.henderson@decpr.com.au

↧

Carnarvon Petroleum Limited (ASX:CVN) Phoenix Project - Volumetric Strategy

April 22, 2018, 3:21 pm

≫ Next: MMJ PhytoTech Ltd (ASX:MMJ) Investment in Fire & Flower

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Carnarvon Petroleum Limited ("Carnarvon") (ASX:CVN) (OTCMKTS:CVONF) provides the following update on its volume estimates within the Phoenix project ahead of, and for context in regard to, the drilling of the Phoenix South-3 well that has already commenced and the Dorado-1 well that is expected to commence next month.

Highlights

- Phoenix project drilling has delineated 332 Bcf of gas and 27 mmbbls to date (gross, 2C basis)

- Phoenix South-3 and Dorado-1 wells in 2018 seeking to add 1.0 Tcf of gas and 88 mmbbls (gross, mean)

- Dorado-1 well has additional upside in secondary targets

- Multiple follow-up opportunities also exist for consideration in potential future drilling programs

To date the Phoenix project has made four discoveries from the four wells that have been drilled (being Phoenix South-1, Roc-1, Roc-2 and Phoenix South-2) by the current Joint Venture partners. The 2018 drilling program is aiming to build on the already discovered oil and gas resources and to assist in future decisions around optimising a commercial development.

The table in link below covers the gas and condensate and oil volumes that are now able to be classified as contingent resources, namely from the discovery wells to date.

The objective of the 2018 drilling program is to add to the above volumes and in doing so underpin progression to a commercial development.

The 2018 drilling program comprises the Phoenix South-3 well and Dorado-1 well. The volumes from either or both will materially improve the above volumes as presented in the following table (see link below).

The Dorado structure also has the potential to contain a number of additional targets beneath the Caley interval which could contain significant additional volumes of gas and condensate, albeit having a lower predicted chance of geological success. These volumes have been estimated by Carnarvon as per the table in link below.

One aspect that is particularly exciting about the Phoenix project is the potential to unlock further gas and condensate and oil through additional drilling. Targets already identified within comfortable tie back distance to a development around the Roc area include the Apus and Mensa prospects which are outlined in the table below (see link below).

In addition to the above, a large number of prospects and leads are continually being matured through ongoing technical work.

The Phoenix project has a number of key attractions, including its dual income stream potential from oil and gas, its proximity to infrastructure and its positioning in shallow water of approximately 100 metres. The latter substantially reducing the cost and complexity of a development, allowing for the aggregation of discoveries in the near vicinity.

 
Carnarvon Petroleum              20% 
Quadrant Energy (Operator)       80%

To view tables, please visit:
http://abnnewswire.net/lnk/998WMPR6

Mr Thomson Naude
Company Secretary
Phone: +61-8-9321-2665
Email: investor.relations@cvn.com.au

↧

MMJ PhytoTech Ltd (ASX:MMJ) Investment in Fire & Flower

April 22, 2018, 3:22 pm

≫ Next: Otherlevels Holdings Ltd (ASX:OLV) Quarterly Report - March 2018

≪ Previous: Carnarvon Petroleum Limited (ASX:CVN) Phoenix Project - Volumetric Strategy

MMJ PhytoTech Limited (ASX:MMJ) ("MMJ") is pleased to announce that it has invested CAD$1 million for an approximate 1.6% shareholding (before the future exercise of options, warrants and other convertible securities) in privately held Fire & Flower Inc. ("Fire & Flower").

Fire & Flower

Based in Edmonton, Canada, Fire & Flower is a corporate retail store, specialising in elevating Canadian cannabis products through experiential strategies and education-based programming. The company is poised to serve customers across Canada, in provinces where private retailing of cannabis is permitted. Fire & Flower plans to open 37 retail locations in the province of Alberta alone once permitted by regulatory bodies.

Founded by leading legal cannabis entrepreneurs, Fire & Flower's leadership team carries extensive experience in launching successful businesses and 20 years in the legal cannabis space. The company is well versed in the national legalisation of cannabis and is actively influencing the evolution of the new cannabis industry across Canada. Please visit fireandflower.com for further details.

Investment details

MMJ has acquired 1.25 million common shares in Fire & Flower at CAD$0.80 per share. Each common share has a warrant exercisable at MMJ's discretion and convertible into common shares in Fire & Flower at CAD$1.05 per common share for a period of up to 24 months. Fire & Flower can accelerate the expiry date of each warrant due to a liquidity event (including a public listing of Fire & Flower).

CEO comment

MMJ's CEO, Jason Conroy, commented, "Fire & Flower is a retail investment with an experienced management team and significant potential that further diversifies our portfolio ahead of the expected federal legalisation of cannabis later this year in Canada."

Cash position

After making the investment in Fire & Flower, MMJ's unaudited head office cash position will be approximately AUD$1.8 million before receiving proceeds from the investment in Dosecann Inc that is the subject of a takeover proposal (as announced by MMJ on 5 April 2018).

Investor and Media Enquiries:
Jason Conroy
Chief Executive Officer
E: jconroy@mmjphytotech.com.au

↧

Otherlevels Holdings Ltd (ASX:OLV) Quarterly Report - March 2018

April 22, 2018, 3:22 pm

≫ Next: Environmental Clean Technologies Ltd (ASX:ESI) Details of Share Registry Address

≪ Previous: MMJ PhytoTech Ltd (ASX:MMJ) Investment in Fire & Flower

OtherLevels Holdings Limited (ASX:OLV) (OtherLevels) has today released its Appendix 4C for the quarter ended March 2018 featuring:

- Another strong result in Q3 FY18, with the second consecutive quarter of positive operational cashflow.

- Cash receipts from customers in excess of A$2,000,000, an increase of 95% compared to the prior corresponding period of A$1,050,000.

- A significant improvement in operating and investing cashflow for Q3 FY18 of A$51,000, compared to the prior year corresponding period which was an outflow of (A$784,000).

- Receivables as of March 31, 2018 in excess of A$500,000, which are due to be receipted in April 2018.

- Continuing effective cost control, with operating and investing cash outflows for the quarter of A$1,993,000, consistent with prior periods.

- Strong cash balance of A$834,000 as of March 31, 2018.

The quarter yielded another strong result for OtherLevels, reflecting the continued momentum the company is seeing with increased sales growth and continued effective operational cost controls.

Brendan O'Kane, the OtherLevels Managing Director, commented "Historically Q2 and Q3 of the fiscal year have been strong quarters for OtherLevels, and it is pleasing to see the company build on the FY18 Q2 success with a strong Q3. Conversely, FY18 Q4 and Q1 FY19 are cyclically quieter quarters as clients in the wagering sector are impacted by the annual northern hemisphere summer vacation period and this year, with their significant involvement with the Football World Cup. This has previously affected the timing of sales activities through this period although we remain confident of our ability to continue to grow the business over the long term.

To view the report with tables, please visit:
http://abnnewswire.net/lnk/8BQ1K0RP

Brendan O Kane
CEO & Managing Director
E: brendan.okane@otherlevels.com

↧

Environmental Clean Technologies Ltd (ASX:ESI) Details of Share Registry Address

April 22, 2018, 3:24 pm

≫ Next: DroneShield Ltd (ASX:DRO) Protects ASEAN

≪ Previous: Otherlevels Holdings Ltd (ASX:OLV) Quarterly Report - March 2018

Environmental Clean Technologies Limited (ASX:ESI) advises that as of 23 April 2018 it has changed its provider for shareholder registry services from Security Transfer Australia Pty Ltd to Automic Registry Services (Automic).

Our new share registry contact details will be as follows:

Automic
Level 3
50 Holt Street
Surry Hills NSW 2010

P: 1300 288 664 (within Australia)
P: +61 (2) 9698 5414 (outside Australia)
E: hello@automic.com.au
W: www.automic.com.au

All securityholder correspondence to:
PO Box 2226, Strawberry Hills, NSW 2012

Shareholders can easily and efficiently manage their holdings via Automic's secure and highly accessible online Investor portal. The Investor portal provides among other things an online interface to update and manage shareholder details, view balances and transaction history.

Shareholder registration online

Shareholders that are not already a user of Automic's Investor portal may visit: investor.automic.com.au and signup to register their details using the two simple steps provided in the setup process.

Should shareholders have any queries in relation to their holding with Environmental Clean Technologies Limited, please contact Automic at hello@automic.com.au or on 1300 288 664 (within Australia) or +61 2 9698 5414 (outside Australia).

Environmental Clean Technologies Ltd
T: +613-9849-6203
WWW: www.ectltd.com.au

↧

DroneShield Ltd (ASX:DRO) Protects ASEAN

April 22, 2018, 3:51 pm

≫ Next: Big Un Ltd (ASX:BIG) BHA Media Acquisition Shares

≪ Previous: Environmental Clean Technologies Ltd (ASX:ESI) Details of Share Registry Address

DroneShield Ltd (ASX:DRO) (OTCMKTS:DRSHF) (the "Company" or "DroneShield"), a leader in the emerging industry of drone security solutions, has announced that it has been confirmed that its products were utilised by the Australian Defence Force for the protection of the ASEAN-Australia Special Summit 2018 in Sydney.

The Association of Southeast Asian Nations (ASEAN) is the premier regional grouping in Southeast Asia. The heads of the ten ASEAN states and the Australian delegation including Prime Minister Turnbull met in Sydney, the first time such a meeting was held in Australia.

Monitoring of drone activity at high profile events has become an important component of event management, similar to perimeter access control or participant credentialing. DroneShield's product DroneGun was used by the Australian Defence Force at the event, on behalf of the New South Wales Police for the protection of the participants from potential drone threats.

Oleg Vornik, DroneShield's Managing Director and CEO, commented, "We are proud to be able to assist a high-profile event like this. The selection of DroneShield to assist with the aerial protection of the ASEAN-Australia event is a testament to the quality and capability of our product suite."

Oleg Vornik
CEO and Managing Director
Email: oleg.vornik@droneshield.com
Tel: +61-2-9995-7280

↧

Big Un Ltd (ASX:BIG) BHA Media Acquisition Shares

April 22, 2018, 4:08 pm

≫ Next: WiseTech Global (ASX:WTC) Acquires Three Leading Logistics Solution Providers Across Latin America and Europe: Forward, Softcargo and EasyLog

≪ Previous: DroneShield Ltd (ASX:DRO) Protects ASEAN

The Board of Big Un Limited (ASX:BIG) (OTCMKTS:BGGNF) advises that it has, in accordance with the announcement dated 10 November 2017, issued the BHA Media Acquisition Shares to The Intermedia Group Pty Ltd on Friday 20 April 2018.

BHA Media Pty Limited (BHA) is the beauty, hair and aesthetics subsidiary purchased by BIG Un Limited from the Intermedia Group. Completion occurred on 31 March 2017.

Shareholders approved the issue of the BHA Media Acquisition Shares at Big Un Limited's 2017 annual general meeting held on 20 November 2017.

As previously announced to the market on 15 March 2017, the issue of the above shares was subject to a twelve-month escrow agreement.

As BIG Un Limited is currently suspended from trading, the parties have entered into a restriction agreement which stipulates that the BHA Media Acquisition Shares will be issued upon the earlier of a period of 12 months or BIG Un Limited issuing a prospectus.

BIG Un Limited is currently suspended from trading and the Company is currently working diligently towards the issuance of audited half yearly accounts and re-quotation.

Corporate Enquiries
Sonia Thurston
Executive Director
E: sonia@bigreviewtv.com

↧

WiseTech Global (ASX:WTC) Acquires Three Leading Logistics Solution Providers Across Latin America and Europe: Forward, Softcargo and EasyLog

April 22, 2018, 4:25 pm

≫ Next: Alt Resources Ltd (ASX:ARS) Bottle Creek Exploration Update

≪ Previous: Big Un Ltd (ASX:BIG) BHA Media Acquisition Shares

WiseTech Global (ASX:WTC) (OTCMKTS:WTCHF) today announced acquisitions of three leading logistics solutions providers, the Argentina-based PB & Assoc. ('Forward') and Uruguay-based Softcargo, which together cover 16 countries in Latin America, and the acquisition of a leading French customs solutions provider, EasyLog.

WiseTech Global CEO, Richard White, said "We continue to further strengthen our global market presence by adding leading logistics solutions providers, in key trading regions across Europe, Latin America and Asia, into the WiseTech Global group. Forward and Softcargo help us fill out our footprint in Latin America, while EasyLog is key to customs in France. These solution providers have established operations, infrastructure and extensive experience, as well as strong leadership, making for a very good fit with WiseTech Global."

Headquartered in Buenos Aires, Forward's freight forwarding management and accounting compliance logistics solutions are offered throughout Latin America to customers including Damco, Delfin Group, DSV, Waiver Group, Yusen Logistics and Zach Logistics.

Headquartered in Montevideo, Softcargo offers freight forwarding management solutions in Latin America including accounting, tracking, warehousing and fleet management products to customers including Senator International, Röhlig, DB Schenker, Kerry Logistics, and many other freight forwarders and corporate logistics operators.

WiseTech Global CEO, Richard White, said "Home to over 600 million people, Latin America is a key trading region where WiseTech Global started building its capabilities last year when we acquired Bysoft, the largest provider of automated customs solutions to the logistics industry in Brazil. By adding Forward and Softcargo to the group, WiseTech now has a strong presence in Argentina, Brazil, Bolivia, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Mexico, Panama, Paraguay, Peru, Uruguay, and Venezuela. These acquisitions comprehensively fill out our Latin American coverage and gives us a very strong presence across the region from which to build further."

"Given the challenges and complexities of cross-border logistics in Latin America, our combined strength will help us deliver a larger and more powerful portfolio of integrated logistics solutions to regional and global logistics providers and accelerate our development of CargoWise One native capabilities in Latin America. This represents a big step forward for our global and regional customers, who can be confident of our commitment to Latin America and our intention to keep relentlessly innovating to improve our logistics execution solutions for all of our customers. We are looking forward to working together with both Jorges and Ruben and their talented local teams to achieve this."

Forward will remain under the leadership of joint Managing Directors, Jorge A Posbeyikian and Jorge Buchter. Posbeyikian said, "We have been developing leading freight forwarding software in Latin America for over 25 years and we believe that our customers do more than just move cargo - they operate complex businesses in challenging and changing environments. Joining the WiseTech Global group will enable us to better support our customers and help them drive even more productivity improvements and efficiencies in their logistics operations."

Softcargo will remain under the leadership of Managing Director, Ruben Lopez Cleiman, who said, "WiseTech Global brings to Latin America all the power of its global logistics platform, to which we can add Softcargo's 20 plus years of experience and local knowledge. This will be a great benefit for all of our existing customers both large and small. We will now be part of a global group with presence in 130 countries, which will give us the opportunity to deliver greater solutions and create new industry productivity capability in Latin America."

Headquartered in Franconville, France, EasyLog offers a range of customs clearance and tracking solutions, including a direct link with French Customs, to ensure efficient and accurate customs management for customers such as DHL Global Forwarding, Nippon Express, Acte International, and DSV, as well as first party logistics customers such as Air France Industries, Sanofi and Salomon.

WiseTech Global CEO, Richard White, said, "EasyLog joining the WiseTech group is a key step in building out our European customs capabilities and shows our strategic commitment to Europe and to continuing our foothold geographic strategy. France is the second largest importer and exporter in Europe so a strong local footprint and local commitment here is essential. Combining EasyLog's well-regarded customs solutions with the powerful CargoWise One integrated platform will help us to deliver a deeper, more comprehensive customs solution for European and global logistics service providers."

"Bringing the EasyLog management and customs expertise into the Group complements our recent European acquisitions in Belgium, the Netherlands, Ireland, Germany and Italy. We are looking forward to working together on the next-generation of customs solutions for France."

EasyLog will remain under the leadership of Managing Director, Alain Gronier, who said, "We have dedicated 18 years to building up our advanced customs and transport logistics solutions, delivering exactly what our different customers need for their business. Joining the WiseTech Global team will allow us to continue working with our freight forwarding, logistics and import/export customers in France, and to accelerate our product development to ensure they receive the most productive and effective tools."

Forward, Softcargo and EasyLog operations will be integrated within the WiseTech Global group and will continue to deliver their leading logistics software solutions directly to their own customers, along with WiseTech's powerful global CargoWise One platform.

CargoWise One enables logistics service providers to execute highly complex transactions in areas such as freight forwarding, customs clearance, warehousing, shipping, land transport and cross-border compliance and to manage their operations on one database across multiple users, functions, countries, languages and currencies.

This transaction follows WiseTech's other recent customs and logistics solutions acquisitions in Belgium, Ireland, North America, Australasia, Italy, Germany, Brazil, Taiwan, and the Netherlands and is in line with WiseTech Global's clearly stated strategy of accelerating long-term organic growth through targeted, valuable acquisitions across new geographies and larger, globally capable adjacencies.

About Forward

For over 25 years, Forward has been a leading provider of innovative freight forwarding and accounting compliance solutions in Latin America. Forward's software automates critical business processes, increases staff productivity and operates according to international industry and regulatory requirements. With a team of 40 experienced logistics and technical professionals, Forward provides advanced software solutions for customers ranging from small businesses to multinational companies including Damco, Delfin Group, DSV, Waiver Group, Yusen Logistics, Zach Logistics, and many other organisations and logistics services providers.

'Forward' refers to the Forward freight forwarding management and accounting compliance logistics solutions provider, Posbeyikian Buchter & Asociados S.A. known as PB & Assoc.

For more information about Forward, visit http://www.sistemaforward.com

About Softcargo

For over 20 years, Softcargo has been a leading provider of freight forwarding and logistics solutions in Latin America. With a team of ~30 experienced logistics and technical professionals, Softcargo provides advanced software solutions for customers ranging from small businesses to multinational companies including Henco Global, Senator International, Röhlig, DB Schenker, Kerry Logistics, and many other organisations and logistics services providers.

Softcargo refers to the Softcargo freight forwarding management solutions provider, Eyalir S.A., Ilun S.A. and Softcargo Chile S.A. (together 'Softcargo')

For more information about Softcargo, visit http://www.softcargo.com.uy

About EasyLog

For nearly 20 years, EasyLog has been a leading provider of innovative customs management solutions in France. With a team of 10 experienced logistics and technical professionals, EasyLog provides advanced software solutions for customers ranging from small businesses to multinational companies including freight forwarders such as Acte International, DHL Global Forwarding, Nippon Express and DSV, as well as first party logistics customers such as Air France Industries, Sanofi and Salomon.

For more information about EasyLog, visit http://www.easy-log.fr

Media
Piers Shervington
T: +61-404-538-177
E: piers.shervington@wisetechglobal.com

↧

Alt Resources Ltd (ASX:ARS) Bottle Creek Exploration Update

April 22, 2018, 4:28 pm

≫ Next: Oventus Medical Ltd (ASX:OVN) Quarterly Business Review

≪ Previous: WiseTech Global (ASX:WTC) Acquires Three Leading Logistics Solution Providers Across Latin America and Europe: Forward, Softcargo and EasyLog

Alt Resources Limited (ASX:ARS) ("Alt or the Company") is pleased to provide the following information on exploration progress at the Bottle Creek Gold Project. Challenge Drilling arrived on site 17 April 2018 to complete the final stages and the deeper drill holes as part of the Company's maiden RC drilling programme at Bottle Creek Gold Project. Alt's programme represents the first drilling undertaken at Bottle Creek since 1988.

Highlights

- More than 10,000 metres of RC drilling completed at Bottle Creek Gold Project

- RC drilling milestone condition satisfies Option to Purchase Agreement

- 8,800 samples to date have been delivered to ALS Kalgoorlie laboratory

- Challenge Drilling now on site completing the deeper RC drilling program

- POW's lodged for deeper drill holes testing ore shoots beneath the VB pit

- Additional POW lodged to drill the historical Bottle Creek tailings dams

- DDH1 Drilling is scheduled to commence diamond drilling 8 May 2018

A condition of the Option to Purchase Agreement (see Note 1 below) was the completion of a minimum of 8,000m of RC drilling by Alt Resources. This condition is now satisfied, representing a significant step in the acquisition process of the Bottle Creek Gold Project asset.

The Company is well ahead of schedule with the RC drilling and to date has drilled in excess of 10,000 metres since drilling commenced on 12 March 2018. Additionally we have lodged 8,800 samples with ALS Kalgoorlie laboratory. Assaying is progressive and will be ongoing over several weeks with the Company announcing 2,400 metres of results to date over the past 4 weeks (see Note 2, 3 below).

DDH1 Drilling are scheduled to arrive onsite 8 May 2018 to commence diamond coring for metallurgical and density studies to be used in resource modelling. The Company has engaged Jorvik Resources to manage this stage of development at Bottle Creek.

A Plan of Works (POW') has been lodged with the WA Department to drill the high-grade ore shoots identified in the Norgold historical records (see Note 4 below) and additionally the Company has lodged a POW to undertake extensive drilling across the Bottle Creek tailings dams located on site.

Notes:

1. http://abnnewswire.net/lnk/QCE95126

2. http://abnnewswire.net/lnk/7YK222BC

3. http://abnnewswire.net/lnk/Q31N9X0C

4. http://abnnewswire.net/lnk/ZI294V81

To view figures, please visit:
http://abnnewswire.net/lnk/NB0RDYY2

James Anderson
CEO Alt Resources Ltd

Peter Taylor
Investor Relations
E: peter@nwrcommunications.com.au
M: +61-412-036-231

↧

Oventus Medical Ltd (ASX:OVN) Quarterly Business Review

April 22, 2018, 4:29 pm

≫ Next: Mithril Resources Limited (ASX:MTH) Strategy Update Presentation

≪ Previous: Alt Resources Ltd (ASX:ARS) Bottle Creek Exploration Update

Oventus Medical Ltd (ASX:OVN) (Oventus, the Company) announces its Appendix 4C Report for the three-month period ending 31 March 2018 (Q3 FY2018) and is pleased to provide a review of progress made during the quarter.

Highlights

- Receipts from customers from sales of Oventus' O2VentTM totalled $101,881 in the March quarter, up from $35,386 in the December 2017 quarter following the commencement of initial sales and marketing by Modern Dental Group in the Dentist channel in January

- Cost reduction program underway with R&D spend reducing as clinical trials are concluded, expected to kick in in the second half of calendar 2018

- Analysis of clinical trial data in progress with results from an additional 79 patients expected to be released in current June quarter

- Operational team bolstered in North America with appointment of Robin Randolph as Vice President of Marketing and Operations; and Greg Eaton as Vice President of Sales

- Government Research and Development tax incentive cash rebate of $966,233, received in January 2018

- Oventus remains in a strong cash position with $11.89m as at 31 March 2018

Quarterly sales

Receipts from customers totalled $101,881 in the March quarter, up 188% from $35,386 in the December 2017 quarter (Q2 FY2018).

The increase in sales represents the beginning of Phase 3 activities in January 2018 involving the commencement of initial sales and marketing of Oventus products under the Modern Dental Group (Modern) manufacturing and distribution agreement into the Dental channel.

Founder and Clinical Director, Dr Chris Hart commented, "While we are still in the early stages of rolling out under the Modern agreement, the go to market activities undertaken by Modern in the Dental channel are now starting to have an impact on sales.

Along with our recently increased sales capability in the US, early feedback and progress in the Sleep channel indicates that we will be well positioned to start better driving sales in the second half of calendar 2018. A European launch is planned by the second half of calendar 2018."

To view the full report, please visit:
http://abnnewswire.net/lnk/X2WH7RLN

Mr Neil Anderson
Managing Director and CEO
M: +61-403-003-475
 
Jane Lowe
IR Department
M: +61-411-117-774 or 
E: jane.lowe@irdepartment.com.au

↧

Mithril Resources Limited (ASX:MTH) Strategy Update Presentation

April 22, 2018, 4:30 pm

≫ Next: Investorium.tv Webcast: Daniel Simic CEO of PlayUp Presents the PlayChip ICO

≪ Previous: Oventus Medical Ltd (ASX:OVN) Quarterly Business Review

Mithril Resources Limited (ASX:MTH) provides the Company's Strategy Update Presentation.

Snapshot

- ASX - listed mineral explorer

- Nickel, cobalt, copper, zinc

- Experienced technical team

- Strong growth pipeline

- 123M Shares on Issue

- ~2.5 cents Share Price

- $3.1M Market Cap.

- $2.6M Enterprise Value

Our strategy

- We generate and explore new exploration opportunities in nickel, cobalt, copper and zinc

- We focus our efforts on prospective terranes, and combine a boots on ground approach with high-level technical capabilities

- Nickel and cobalt exploration on our Kalgoorlie projects is the immediate priority followed by zinc exploration at Billy Hills once the project tenements are granted in the second half of 2018

Experienced technical and corporate team

- Graham Ascough (Chairman) - Geophysicist with 27 years industry experience and formerly Falconbridge Exploration Manager Australasia (Nickel and PGE's).

- Donald Stephens (Non Executive Director / Company Secretary) - Chartered Accountant and corporate adviser with over 25 years of experience in the accounting industry, including 14 years as a partner of HLB Mann Judd, a firm of Chartered Accountants.

- David Hutton (Manager Director) - Geologist with 28 years industry experience and previously Mt Isa Mines / MIMEX, Forrestania Gold, LionOre, Western Metals, and Breakaway Resources.

- Jim McKinnon-Matthews (Geology Manager) - Geologist with 27 years industry experience and previously Western Mining Corporation.

- Kelvin Blundell (Consultant Geophysicist) - Geophysicist with 22 years industry experience and previously consulting geophysicist for Sandfire Resources during the Degrussa Cu-Au discovery.

To view the full presentation, please visit:
http://abnnewswire.net/lnk/3R18OKM0

Mithril Resources Ltd
David Hutton
Managing Director
E: dhutton@mithrilresources.com.au
T: +61-8-8132-8800
F: +61-8-8132-8899
www.mithrilresources.com.au

↧

Investorium.tv Webcast: Daniel Simic CEO of PlayUp Presents the PlayChip ICO

April 22, 2018, 4:30 pm

≫ Next: Topbetta Holdings Ltd (ASX:TBH) Update on PlayUp Transaction

≪ Previous: Mithril Resources Limited (ASX:MTH) Strategy Update Presentation

PlayUp is not a concept, it is an existing global fantasy sports and licensed online betting platform enjoyed by over 400,000+ users and generating over $200 million in annual turnover. PlayUp is set to disrupt and lead a new revolution in online gambling via the introduction of the PlayChip, erc20 token, built on the Ethereum blockchain. The PlayChip will decentralize our community, kickstart network affects, incentivise members and provide fast liquidity.

Presenting the PlayChip ICO at Investorium.tv on April 16, Daniel Simic explains the reasons why the PlayChip Token was integrated into the PlayUp platform, and how that is set to revolutionise the gaming industry.

To watch the video presentation, please visit:
http://www.abnnewswire.net/press/en/92846/ico

To buy Playchip Tokens, please visit:
http://www.playup.com/ico

To download the presentation, please visit:
http://abnnewswire.net/lnk/76ZOV6WQ

Michael Henderson
DEC PR 
Phone +61 413 054 738 
m.henderson@decpr.com.au

↧

Topbetta Holdings Ltd (ASX:TBH) Update on PlayUp Transaction

April 22, 2018, 5:04 pm

≫ Next: Investorium.tv Presentations Released for the April 16 PlayUp ICO

≪ Previous: Investorium.tv Webcast: Daniel Simic CEO of PlayUp Presents the PlayChip ICO

The Board of TopBetta Holdings Limited (ASX:TBH) ("TBH" or the "Company") is pleased to provide the market with an update regarding the proposed sale ("Sale") of TopBetta Pty Ltd ("TopBetta") to PlayUp Limited ("PlayUp") as announced on 18 April 2018 ("Prior Announcement").

As detailed in the Prior Announcement, the Sale is conditional on a number of conditions precedent, including TBH receiving all requisite ASX and shareholder approvals and consents, including, without limitation, the requirements of Chapter 11 of the ASX Listing Rules and, if applicable, Chapters 1 and 2 of the ASX Listing Rules ("Shareholder Approval CP").

ASX has now considered the Company's submissions regarding the application of Chapter 11 of the ASX Listing Rules and has determined that:

a) based on the information provided to ASX, TopBetta is not the Company's 'main undertaking' and, accordingly, ASX Listing Rule 11.2 does not apply to the Sale. Accordingly, the Company is not required to obtain shareholder approval for the Sale under that Rule; and

b) given PlayUp is currently intending to list on a securities exchange via a reverse takeover ("PlayUp Listing"), ASX Listing Rule 11.4 does apply to the Transaction and, accordingly, unless TBH obtains a waiver of ASX Listing Rule 11.4 ("Waiver"), the Company will be required to obtain shareholder approval under that Rule.

The Company intends to apply for the Waiver and will update investors as to the outcome of that application in accordance with its continuous disclosure obligations. TBH notes that the Sale is not conditional upon the success or completion of the PlayUp Listing. TBH further notes that, if the Waiver is granted and shareholder approval is not required under ASX Listing Rule 11.4, TBH intends to waive the Shareholder Approval CP in which case, the $3 million deposit ("Deposit") will become payable to TBH by PlayUp within 5 business days. The Deposit is only refundable where TBH does not satisfy or waive each of other outstanding the conditions precedent by 31 July 2018.

Further, TBH notes that ASX has not exercised its discretion under ASX Listing Rule 11.1.2 or 11.1.3 to require the Company to obtain shareholder approval under Listing Rule 11.1.2 or recomply with Chapters 1 and 2 of the Listing Rules in relation to the Sale.

As noted in the Announcement, the Company will liaise with ASX regarding the application of ASX Listing Rules 11.1.2 and 11.1.3, and Chapter 12 of the ASX Listing Rules, if and when TBH decides to proceed with the development of the Crypto Tote (refer to the Prior Announcement for further details).

Charly Duffy
Company Secretary
companysecretary@topbetta.com
M: +61-409-083-780

Jane Morgan
Investor & Media Relations
investors@topbetta.com
M: +61-405-555-618

↧

Investorium.tv Presentations Released for the April 16 PlayUp ICO

April 22, 2018, 6:36 pm

≫ Next: EON NRG Ltd (ASX:E2E) Quarterly Activities Report

≪ Previous: Topbetta Holdings Ltd (ASX:TBH) Update on PlayUp Transaction

PlayUp.com ICO of the PlayChip, IndependentReserve.com, Blockchain196.com and Cryptyk.com video presentations from the recent Investorium.tv in Sydney are now available for watching.

To view all video presentations, please visit:
http://www.investorium.tv

To download PDF presentations:

The PlayChip:
http://abnnewswire.net/lnk/76ZOV6WQ

The Cryptocurrency Exchange:
http://abnnewswire.net/lnk/EDY9737G

To BUY PlayChips, go here:
http://www.playup.com/ico

Michael Henderson
DEC PR 
Phone +61 413 054 738 
m.henderson@decpr.com.au

↧

EON NRG Ltd (ASX:E2E) Quarterly Activities Report

April 22, 2018, 7:02 pm

≫ Next: Argent Minerals Limited (ASX:ARD) Board Changes and Acquisitions Advisor Appointment

≪ Previous: Investorium.tv Presentations Released for the April 16 PlayUp ICO

EON NRG Ltd (ASX:E2E) (OTCMKTS:ICRMF) provides the Company's Quarterly Activities Report for the period ended 31 March, 2018.

1 HIGHLIGHTS

- Prospective Cobalt Claims acquired in Nevada, USA

- Successful gas well recompletion at the Silvertip Oil and Gas Field

- Permitting commenced for 2 new wells at the Borie Oilfield

- WTI oil price averaged US$62.89/barrel, up from $55.38/barrel in Q4-17 - current spot price of $68/barrel

- Q1 2018 revenue receipts of $1.45m

- Net positive company cash flow reported for the quarter

2 BATTERY MINERALS DIVISION

During the quarter, Eon announced the acquisition of its cobalt prospect with first 18 mineral claims and recently in April a second group of 24 claims combined covering an area of 840 acres in the Stillwater Range (Table Mountain District), Nevada.

The claims include the historic Gilberts silver, gold and lead mine and there are a number of significant adits and tunnels from previous mineral exploration that date back to the late 1800's. The claims are less than 3 miles (5 km) from the historic Lovelock cobalt mine.

The Company is targeting broadly disseminated mineralisation that has the potential to host significant ore body with cobalt content which would not have been economic to mine over a century ago, when last mined. Eon is applying modern exploration methods to these historic prospects for the discovery of a significant battery mineral deposit such as cobalt.

Eon established the battery minerals division to identify and acquire opportunities in the emerging energy storage sector. The Company has targeted prospective cobalt areas as this is recognised as a mineral that is integral to the emerging battery market and is limited in supply globally relative to its expected demand.

3 BORIE OILFIELD, DJ BASIN, WYOMING

Eon completed the acquisition of the Borie Oilfield and took over as operator in December 2017.

Production -

The Borie field has produced over 10,000 barrels of oil in the first six months of ownership by the Company. Three workovers were performed on wells during the first quarter of 2018 and production is ahead of expectation at ~70 bopd.

New wells -

Eon is in the process of permitting two new drills within the Borie Oilfield.

One of these wells will be a vertical Muddy/J Sand development well drilled to a TD of 8,600'.

The second well will be a 4,000-foot horizontal lateral exploration well targeting the Niobrara Chalk formation. A drill stem test (DST) was previously performed in the Niobrara Formation during the drilling of an offsetting vertical Muddy J well that resulted in 1,500 feet of gas, 200 feet of oil gas cut mud, and 70 feet of mud and gas cut oil.

Waterflood Enhanced Oil Recovery (EOR) -

Work is under way for the implementation of an EOR waterflood program in the North Borie portion of the field. The workover on the water injection well and surface pumping equipment should be ready for injection to commence in the month of May.

SILVERTIP FIELD, BIGHORN BASIN, WYOMING

In February, Eon carried out a recompletion of an untested sand lobe within the Meeteetse Formation of the 35-28F well in the Silvertip Field. The 60-day initial production rate for the well was 487 MCF/D and gas production continued to increase for the remainder of the quarter from this well. The well is currently flowing 700 mcd while holding 390 psi of backpressure on the wellbore which demonstrates the reservoir has more lateral extension than expected.

The capital cost of the well recompletion was US$22,000 which was repaid within the first 30 days of production. The recompletion has generated net revenue (after royalties and production tax) of more than US$60,000 in the first 60 days of operation. Additional recompletion opportunities with similar formation characteristics to the 35-28F well are under review and will be permitted in the upcoming months.

Several workovers have also resulted in a 16% increase in oil production.

4 CORPORATE

The Company had a net operating cash flow surplus for the Quarter of US$149,000 and an overall surplus of $83,000 after costs associated with the acquisition of Cobalt claims and bank debt principal repayments.

Total cash at the end of Q1-18 was US$1.343 million of which US$673,000 is held as security for environmental bonds.

The average oil price has increased by 14% from the last quarter of 2017 with the West Texas Intermediate (WTI) spot oil at US$68.26 at the close of trade in the the week ending April 20th, 2018.

5 PRODUCTION

Gross production across all fields in Q1-18 was 50,654 BOE, an average of 563 BOEPD. Net sales volume for the quarter was 33,787 BOE.

Gross production and net sales volumes for the last two quarters (Q1-18 and Q4-2017) and corresponding prior year quarter (Q1-2017) are shown in Table 1 (see link below).

To view tables and figures, please visit:
http://abnnewswire.net/lnk/LLS9041L

Australia - 
Simon Adams
CFO
Email: sadams@i-og.net
Phone: +61-8-6144-0590
Mobile : +61-439-845-435

USA - 
John Whisler
Managing Director
Email: jwhisler@i-og.net
Phone: +1-720-763-3183

Website: www.eonnrg.com 
Twitter: @EonNRG

↧

Argent Minerals Limited (ASX:ARD) Board Changes and Acquisitions Advisor Appointment

April 22, 2018, 8:18 pm

≫ Next: Deep Yellow Limited (ASX:DYL) March 2018 Quarterly Activity Report

≪ Previous: EON NRG Ltd (ASX:E2E) Quarterly Activities Report

Argent Minerals Limited (ASX:ARD) (Argent, or the Company) is pleased to report the following changes to the Board as the Company positions itself for the next phase of growth.

Highlights:

- Peter Wall has been appointed as Non-Executive Director and Chairman - significantly experienced commercial and corporate lawyer and director of ASX listed companies, who is focused on resources, equity capital markets and mergers and acquisitions, including cross border transactions.

- Klaus Eckhof has stepped down as Chairman of the Company, and has been appointed as Technical Advisor, Acquisitions.

- Argent positioned for next phase of growth with increased exposure to potential deal flow together with augmented board and corporate capabilities for assessing and managing acquisitions.

In order to facilitate the new growth phase, Klaus Eckhof has relinquished his position as Non-Executive Director and Chairman to transition into the new role of Technical Advisor, Acquisitions. The new role will allow Klaus, as a highly credentialed and well-connected mining executive, to focus his contribution to Argent on assisting the Company to identify and assess potential acquisition opportunities.

Peter Wall LLB BComm MAppFin FFin has been appointed as Non-Executive Director and Chairman of Argent.

Mr. Wall is an experienced corporate lawyer and has been a Partner at Steinepreis Paganin (Perth-based corporate law firm) since July 2005. Mr. Wall has a wide range of experience in all forms of commercial and corporate law, with a particular focus on resources (hard rock and oil/gas), equity capital markets and mergers and acquisitions. He also has significant experience in dealing in cross border transactions. Mr. Wall is an experienced company director and serves as the Chairman or Non-Executive Director of a number of ASX listed entities.

The Company considers that the addition of Peter to the board and retaining Klaus's expertise adds to the Company's ability to identify, assess and negotiate potential acquisitions and manage the next phase of development of the Company's Kempfield project.

David Busch
Chief Executive Officer
Argent Minerals Limited
M: +61-415-613-800
E: david.busch@argentminerals.com.au

↧

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