Rumble Resources Ltd (ASX:RTR) High Grade Gold Drill Targets Defined at Nemesis

May 1, 2018, 4:51 pm

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Rumble Resources Ltd (ASX:RTR) (FRA:20Z) ("Rumble" or "the Company") is pleased to provide an update on the scheduled RC drill program at the Nemesis Gold Project (M20/33) which is located 40km's north of Cue in the Murchison Goldfields of Western Australia. Subject to approvals and subsequent drill site preparations, it is anticipated drilling at the Nemesis Gold Project will commence mid May 2018.

Highlights

Nemesis High Grade Gold Project - M20/33

- RC drill holes will be targeting the depth extensions of the historic Nemesis Au mine for potential high-grade mineralisation.

o Between 1900-1910, the Nemesis gold mine produced 7157oz of gold from 2276 ton of ore - 98 g/t Au grade

o No drilling has tested the depth extension to the Nemesis mine workings.

- RC drill holes are planned to test areas of historic elevated Au in soil anomalism west and east of the Nemesis Au mine within the Nemesis Shear Zone.

o The Nemesis Shear Zone extends under a laterite plateau to the east and has not been drill tested. Strong Au in soil anomalism has not been drilled tested to the west.

Nemesis Shear Zone

The Nemesis shear zone is an east-west trending mineralised shear zone that forms the contact between the north sequence of mafic volcanics/BIF's and granites to the south. The shear zone occurs close to the scarp of the lateritic plateau.

The mineralisation style associated with the Nemesis Shear Zone (NSZ) is high-grade gold with quartz veining in high sulphidation (pyrrhotite/pyrite) zones in contact with BIF/mafic volcanics and granites. The NSZ is steeply dipping to the north. Sub-vertical shoots (i.e. the Nemesis mine) have generally short strike lengths with significant dip length extensions.

The Nemesis Shear Zone strikes approximately over 1.2 km within the project area and the Nemesis mine area has only been partly tested by shallow RC drilling over a strike of 160m.

Gold in soil anomalism (lag sampling) with >50 ppb Au response extends along the NSZ. Over 500m of strike remains untested by drilling including where the NSZ extends under the laterite plateau.

Nemesis Shear Zone High-Grade Gold Drill Targets

Nemesis Mine - Depth Extension (see Image 2 and 3 in link below)

The historic workings at the Nemesis Au mine have been worked to a maximum depth of 70m with three steep plunging high-grade gold (average grade of 98 g/t Au) shoots (85deg to the east) over a strike length of 60m - See image 1 and Image 2 in link below. The shoots are stacked and the plunge of the stacking is moderate to the east.

RC drilling along strike to the east was very shallow (maximum vertical depth of 35m) and did not test the plunging mineralisation.

Rumble plans to complete up to 3 RC drill holes (see image 2 in link below) targeting high-grade gold mineralisation below the current Nemesis ore shoots.

Nemesis Shear Zone Strike Extension Targeting (see image 1 in link below)

Rumble plans to RC drill test for potential high-grade shoots associated with the Nemesis Shear Zone along strike from the Nemesis Au Mine. Targets are east and west from the Nemesis Au Mine. The western target (500m west of the Nemesis Au Mine) lies immediately below the laterite scarp and is related to Au in soil anomalism over the Nemesis Shear Zone. The eastern target (some 300m easterly of the Nemesis Au Mine) is where the Nemesis Shear Zone is interpreted to pass under the laterite plateau. Au in soil anomalism occurs over the laterite and has not been drill tested.

About the Historic Nemesis Gold Mine

The historic production of the Nemesis gold mine was in two stages. Refer ASX announcement 6 March 2018 for further detail including open file reference.

- Mining started in 1900 and 5,538.86 oz of gold was produced from 2,075 tons for 83 g/t Au.

- In 1909, another 1618.14 oz of gold was produced from 201 tons for 250 g/t Au.

- The total production is 7157 oz of gold from 2,276 tons for an average weighted grade of 98 g/t.

To view images, please visit:
http://abnnewswire.net/lnk/R008I5Y8

Shane Sikora
Managing Director
Email: enquiries@rumbleresources.com.au
Phone: +61-8-6555-3980
Website: www.rumbleresources.com.au

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Core Exploration Ltd (ASX:CXO) Exploration Development Incentive

May 1, 2018, 4:52 pm

≫ Next: Blackham Resources Ltd (ASX:BLK) Testwork Confirms Transition Ores Amenable to CIL Processing

≪ Previous: Rumble Resources Ltd (ASX:RTR) High Grade Gold Drill Targets Defined at Nemesis

Emerging Australian lithium developer, Core Exploration Ltd (ASX:CXO) ("Core" or the "Company") is pleased to announce that it has been advised by the Australian Taxation Office ("ATO") that its application to participate in the EDI scheme has been accepted, and a tax credit of up to $952,967 will be distributed to eligible shareholders.

HIGHLIGHTS

Core has been successful in its application for participation in the Federal Government's Exploration Development Incentive ("EDI") scheme:

- EDI credits will be distributed to shareholders as tax credits for the 2017/18 tax year. To be eligible, shareholders must be on the Company's register at the close of trading on Monday, 21 May 2018;

- The EDI credits will be applied by the ATO to income tax assessed for the year ended 30 June 2018;

- Successful SPP applicants retaining their SPP shares on the Record Date will be entitled to EDI credits.

In March 2015, the Federal Parliament passed legislation introducing the EDI scheme based on an annual application process. The ATO is the administrator of the scheme.

The EDI scheme enables eligible exploration companies to create exploration credits to distribute to shareholders by forgoing a portion of their carried forward tax losses that have arisen from allowable expenditure on "greenfield" exploration.

Australian resident shareholders that are issued with exploration credits will generally be entitled to refundable tax offsets (for individual shareholders or superannuation funds) or franking credits (for companies). Non-residents receiving credits will not be able to utilise them.

The ATO has confirmed that a modulation factor of 1 has been applied to successful applicants, therefore 100% of the amount applied for by the Company of $3,465,336 will be available. At the Company tax rate of 27.5%, this equates to $952,967 EDI credits that will be available for distribution to eligible shareholders on a pro rata basis. The Company currently has 591,604,830 shares on issue, equating to an EDI distribution of 0.161 cents per share. Assuming full participation in the upcoming SPP ($2.0 million), the EDI distribution will reduce to approximately 0.15 cents per share - this assumes no further shares are issued or convertible securities exercised prior to the Record Date.

The amount of EDI credits distributed per share will be reduced by the number of shares to be issued under the Company's current SPP.

The EDI credits will apply to the 2017/18 tax year and must be issued by Core by 30 June 2018.

The Record Date to determine eligibility for EDI credits will be Monday 21 May 2018.

Any other shares issued prior to the Record Date will also be eligible for the credit and will impact the EDI distribution amount per share.

For shareholders to be eligible to receive a pro-rata distribution of EDI tax credits from the Company, they must hold Ordinary shares in the Company as of 7pm (Adelaide time) on Monday 21 May 2018 ("Record Date").

Eligible shareholders will be notified by the Company of their EDI credit entitlement in the approved form on Wednesday, 20 June 2018, and the EDI credits will apply to income tax assessed for the year ended 30 June 2018.

For further information please contact: 

Stephen Biggins
Managing Director
Core Exploration Ltd
T: +61-8-7324-2987
E: info@coreexploration.com.au 

For Media and Broker queries: 

Andrew Rowell
Director - Investor Relations
Cannings Purple
M: +61-400-466-226
E: arowell@canningspurple.com.au

↧

Blackham Resources Ltd (ASX:BLK) Testwork Confirms Transition Ores Amenable to CIL Processing

May 1, 2018, 5:02 pm

≫ Next: The Lopez Group is pleased to present Carbon Dollar X

≪ Previous: Core Exploration Ltd (ASX:CXO) Exploration Development Incentive

Blackham Resources Limited (ASX:BLK) (OTCMKTS:BKHRF) (Blackham or the Company) is pleased to present an update on its successful results from metallurgical testwork on its Wiluna oxide and transitional ores. Independent Metallurgical Operations Pty Ltd (IMO) were engaged by Blackham to perform and review the testwork under the supervision of Blackham.

Highlights

- Expansion PFS published in Aug'17 includes a significant proportion of oxide and transitional probable reserves

- Expansion PFS conservatively assumed the transitional ores would be processed through the sulphide plant

- Further metallurgical testwork on the Wiluna transitional ores has averaged 84.3% Carbon In Leach (CIL) metallurgical recovery

- Testwork results from the Wiluna transitional ores are consistent with these ores mined and processed prior to 1993 when the Sulphide circuit was commissioned

- Testwork confirms the transitional ores can be processed in the Wiluna CIL plant at a lower cost and improved recoveries in comparison to the sulphide plant

- The Wiluna transitional ores tested have an expected average CIL recovered grade of 1.77g/t.

During March'18, Blackham's exploration team drilled 84 RC holes (6,491m) focused on delineating further free milling open pit reserves over the 4km's of strike at the Wiluna Mine. Initial results from this drilling are due to be released shortly. This was a follow up programme on the 77,000m of drilling completed during 2017, which successfully delivered probable reserves of 669,000oz (7.7Mt @ 2.7g/t Au), and included oxide, transitional and fresh reserves. The current drilling is focused on free milling ores above the top of fresh rock (generally top 60m) which metallurgical testwork has confirmed are best processed through the current Wiluna CIL plant rather than the sulphide circuit.

Wiluna mining and metallurgical studies are well advanced in this area following the successful Wiluna Expansion Preliminary Feasibility Study (Expansion PFS) published in August'17. The latest testwork confirms the Wiluna oxide and transitional ores are an attractive feed stock for the current operating Wiluna CIL plant. All of the historic open pits were processed through the Wiluna CIL plant with the exception of the 2007 East pit cut back. Blackham is currently re-estimating the open pit free milling reserves within the Wiluna Mine footprint.

During 2017, Blackham completed 77,000m of RC and Diamond drilling used in completing the successful Expansion PFS. All of these drill holes have been assayed for gold, sulphur, sulphide and arsenic. The fresh (refractory) ores at Wiluna have significantly elevated As and S which can be seen in Table 1 (see link below). The As, S and SO2 analysis has been used to remodel both the base of oxidisation (BOCO) and top of fresh surfaces from a metallurgical view point to accurately define the free milling ore zones.

Metallurgical testwork on both the oxide and transitional ores has confirmed that these ores are best processed through the current CIL plant. In the Expansion PFS it was conservatively assumed that the transitional ores would be processed through the Flotation and Biox(R) Plant (Sulphide Circuit). Not only does the transitional ore gain higher recoveries through the CIL plant, the processing cost is approximately 30% less than the sulphide circuit.

Average leach recoveries on the oxide ores were 90.8% after 24 hours with little increase in recovery after that. Bond ball mill work index tests on the oxide ore range from 10-14 kWh/t. Gravity gold recoveries were low ranging from 1.3-9.8%. Cyanide consumption results were low to moderate ranging from 0.14-0.23kg/t over 24 hours. Lime consumptions were low range from 0.6-1.4kg/t over 24 hours.

Average leach recoveries on the transitional ores were 84.3% (see Table 2 in link below). Cyanide consumption results were low to moderate ranging from 0.14-0.20kg/t over 24 hours. Lime consumptions were low range from 0.7-1.3kg/t over 24 hours. Bond ball mill work index tests on the transitional ore range from 16-19 kWh/t. Follow up drilling has now been completed to obtain additional transitional ore samples for the next round of metallurgical testwork.

Blackham is currently re-estimating the open pit free milling resources and reserves around the Wiluna Mine site. The Blackham management team believes the free milling ores within the existing Wiluna Mine footprint are an attractive feed stock for the current operating mill and allows for fast tracking mining approvals.

To view tables and figures, please visit:
http://abnnewswire.net/lnk/M0S7R31D

Milan Jerkovic
Executive Chairman
T: +61-8-9322-6418 

Bryan Dixon 
Managing Director
T: +61-8-9322-6418

Jim Malone
Investor Relations
T: +61-419-537-714

↧

The Lopez Group is pleased to present Carbon Dollar X

May 1, 2018, 6:40 pm

≫ Next: Hastings Technology Metals Ltd (ASX:HAS) Investor Presentation Update

≪ Previous: Blackham Resources Ltd (ASX:BLK) Testwork Confirms Transition Ores Amenable to CIL Processing

The Lopez group is pleased to present Carbon Dollar X the only true asset backed Cryptocurrency of it's kind. With valuation support of $500 per token.

Strong global demand for Carbon Dollar X is predicted to reach above $500 per token this year and could hit $1,500 by the mid 2019. The Lopez Group has indicated two main factors for this growth, asset backed with a valuation of $5Billion and strong global demand for a stabilized crypto currency.

Carbon Dollar X is the only asset backed Cryptocurrency of it's kind. Secured from day one with certified liquid hard assets and tied to the increasing value of the global carbon credit market. These initial assets are valued at greater than two times the hard cap of the token offering, verified by certified financials. Crypto currencies needs stability and trust to be accepted globally. CarbonDollar X is developing a new "global crypto monetary framework" to provide just that. Think of it as a vault and the wealth within it, managed and protected by the CDX Platform, eliminating the imbalances and inefficiencies associated with existing crypto currencies. In the same manner that ledgers are the new banks, CarbonDollar X's, CDX, is the new vision of a reserve currency.

Mission

Carbon Dollar X's mission is to establish a universal cryptocurrency that is financially stable used globally and has sound and secure technology, upon which to trade ubiquitously with all other world currencies.

Objectives

The objective of Carbon Dollar X, is to be the global standard for cryptocurrency, with an exchange that is streamlined in all facets from its real-time transaction workflow, ultra- security, speed and fairness. no matter the currency it is exchanging.

Carbon Dollar X Exchange Platform

The Carbon Dollar X exchange platform is being developed as a proprietary integration of technologies. The exchange is based on a value backed ''Distributed Ledger Technology", elevating Carbon Dollar X above the noise of other crypto currencies, especially those that employ speculative manipulation totally for their market value.

The Carbon Dollar X, ICO is offered on the Ethereum platform. According to Bloomberg, initial coin offerings (ICOs) have raised over $1.6 billion in the past year, prompting many to speculate on the decline of venture capital as a model for funding new startups. The ICO explosion of the past year can be mostly attributed to the growth of the Ethereum blockchain, and the ease with which Ethereum permits the creation of new coins.

After gaining some recognition on Wall Street, cryptocurrencies have attracted the interest of asset rating agencies. This January in a report that assigned grades to dozens of cryptocurrencies, Ethereum earned a higher grade than both Bitcoin and Ripple. "The mere fact that futures exchanges and rating services have finally legitimized investment in cryptocurrencies after nine years of their existence is a strong sign of trend maturation," adds Elliot Prechter, head of computer analysis at Elliot Wave.

Carbon Dollar X the only known 100% guaranteed ICO

Combine Carbon Dollar X, the only known 100% guaranteed ICO, with the Ethereum platform and you have an instant winner. "We confirm the value of each Ethereum token from the Carbon Dollar X ICO to be valued at USD $4 per token. This is the guarantee offered by Suria Global Ltd. with certified assets allocated to the Exchange and valued up to 5 Billion USD."

The ICO issuance of 200,000,000 million tokens equals an initial market value of 25.00 each, or 625% above the base price of 4.00 per token in the ICO. ( Calculation: Take the exchange 5 Billion USD value, decided by the number of issued tokens, 200 million equals 25.00. [5B/25.00 = 200m] ). The purchase of Carbon Dollar X ICO tokens will be convertible into CDX cryptocurrency, on Carbon Dollar X's CDX Exchange by December of 2018.

Private Token Distribution Overview

Token Name: Carbon Dollar X

Token Ticker: CDX

Token Website: https://carbondollarx.com

Token Address: 0x2cb101d7dA0ebaA57D3F2fEf46D7FFB7BB64592B

Token Owner: Suria Global (L) LTD

Token Type: Ethereum ERC20

Distribution Target: Hard cap at $680 000 000.00 USD equivalent

Total Tokens Issued: 200 000 000 Tokens

Mining: No mining or any other means of Token amount increase will apply.

Token Price: ICO Token pricing will be: 1 Token = $4.00 equivalent
Discount Price: During the initial phase of the Private Token Distribution, discounted prices will be available during the distribution of the first 80 000 000 Tokens as follows:

First 20 000 000 Tokens = $3.00 USD equivalent per Token
Following 20 000 000 Tokens = $3.50 USD equivalent per Token
Following 40 000 000 Tokens = $3.75 USD equivalent per Token

Eligibility: Accredited and Institutional Investors

Use of Proceeds: See "Use of Proceeds"

Token Distribution: Public - 180 000 000 Tokens (90%)
Management & Employees - 20 000 000 Tokens (10%)

Lockup Period: Tokens distributed under "Management and Employees" will undertake a 12-month lockup period subsequent to the Token's Distribution. No distribution, transfer or pledge of Management and Employee Tokens will be permitted during this period. Tokens distributed from the public pool do not undertake any form of lockup period and may be freely transferred, pledged or distributed between other accredited and institutional investors.

Distribution Time: Tokens will be distributed within 24h upon payment confirmation.

Distribution Event: Pre-Distribution 1st February 2018 - 25th March 2018
Opening Date 26th March 2018

To view the Whitepaper, please visit:
http://abnnewswire.net/lnk/UT33OY99

Leo Lopez
+ 61 468 466 349
leo.lopez@thelopezgroup.com.au
www.thelopezgroup.com.au

↧

Hastings Technology Metals Ltd (ASX:HAS) Investor Presentation Update

May 1, 2018, 8:20 pm

≫ Next: Sayona Mining Ltd (ASX:SYA) Capital Raise to Advance Development of Authier Lithium Project

≪ Previous: The Lopez Group is pleased to present Carbon Dollar X

Hastings Technology Metals Ltd (ASX:HAS) provides the Company's latest Investor Presentation.

Steady growth in market cap since Jan 2014

- Market Cap - A$ 220m

- ~ 1200 Shareholders
+55% in 2017

- Top 10 shareholders owns ~ 70%

- A$59m raised since 2014

- Cash: A$25m post rights issue

- No Debt

- Included in the ASX All Ordinaries Index

High Neodymium and Praseodymium content

- Total Measured, Indicated and Inferred Resources now at 21m tonnes (see Note below)

- Total Probable Ore Reserve at 5.15m tonnes and Additional Production Target of - 2.5m tonnes to be added on by late 2018

- In-ground ratio of Nd-Pr as % of TREO ranges from 34% (0.40%/1.18%) to as high as 57% locally at Simon's Find deposit

- Most resources contained on Hastings 100% owned ground and smaller portion on 70% JV ground

Note: Hastings ASX release 22 Nov 2017;

To view the full presentation, please visit:
http://abnnewswire.net/lnk/N30JNCSD

Charles Lew
Executive Chairman
T: +65-9790-9008

Guy Robertson
Finance Director
T: +61-9078-7674

↧

Sayona Mining Ltd (ASX:SYA) Capital Raise to Advance Development of Authier Lithium Project

May 1, 2018, 9:51 pm

≫ Next: Carnarvon Petroleum Limited (ASX:CVN) Buffalo Field Moving Closer to Production

≪ Previous: Hastings Technology Metals Ltd (ASX:HAS) Investor Presentation Update

Sayona Mining Limited (ASX:SYA) (OTCMKTS:DMNXF) ("Sayona" or "Company") refers to its announcement on 18 April 2018 concerning a proposed pro rata renounceable entitlement issue of 1 new share for every 22 shares held on the record date, with 1 free attaching option for every 2 new shares issued.

The Company intends to issue a revised timetable for and commence the entitlement issue by the end of this week.

Paul Crawford
Company Secretary
Phone: +61-7-3369-7058
Email: info@sayonamining.com.au

↧

Carnarvon Petroleum Limited (ASX:CVN) Buffalo Field Moving Closer to Production

May 2, 2018, 3:26 pm

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Carnarvon Petroleum Limited ("Carnarvon" or "the Company") (ASX:CVN) (OTCMKTS:CVONF) is pleased to announce that redevelopment of its Buffalo oil field in the Timor Sea is progressing as the Company advances plans to drill the first production well.

Highlights

- Preparations underway to drill the Buffalo-10 production well

- Buffalo-10 will be positioned to confirm attic oil and will be completed as a production well

- The oil field is expected to have three production wells connected to a leased FPSO

- Strong Interest from industry supports Carnarvon's confidence in the project

The signing of the Maritime Boundary Treaty ("Treaty") by the Australian and Timor-Leste governments (refer to ASX announcement of 7 March 2018) has enabled Carnarvon to progress its Buffalo oil field re-development plans, commencing with the drilling of the Buffalo-10 well.

The Treaty means the Buffalo oil field will be completely within Timor-Leste jurisdiction, with Carnarvon already establishing an office in Dili, appointing a specialist Timor-Leste advisor and initiating a series of meetings with the Timor-Leste government agency Autoridade Nacional do Petróleo e Minerais (ANPM).

The government meetings to date have demonstrated that the parties are aligned in wanting to achieve first oil as soon as practicable.

Carnarvon is extensively engaging with suppliers for the drilling of the Buffalo-10 well and the subsequent re-development of the field. This includes preparing the basis of well design (refer Figure 1 in link below), starting the process to obtain environmental approvals, identification of drilling rigs and commencing discussions with Floating Production, Storage and Offloading (FPSO) providers to determine availability of suitable facilities. In addition, the Company has commenced the process of resourcing staff and contractors needed to operate drilling and subsequent production.

The Buffalo-10 well is intended to be the first production well in the oil field redevelopment, positioned to test the new oil in the attic accumulation as well as drill deeper into the oil pool in the previously developed portion of the field. The previously developed portion of the oil field was producing at around 4,000 barrels of oil per day when the field was shut in.

With a depth to reservoir of around 3,250 metres, the Buffalo-10 well is expected to take around 30 days to drill and complete with an extensive formation evaluation program. This will complement the geological knowledge from the previous oil field well intersections. Being in shallow water of only 25 metres, a cost effective jack-up rig will be used to drill the well.

As illustrated in Figures 2 and 3 (see link below), the field development consists of a well head platform connected to an FPSO vessel through a production pipeline and control umbilicals. The FPSO is expected to be leased in order to keep up front capital costs to a minimum. Three wells are expected to produce the estimated 31 million barrels of oil over a period of around five years.

Carnarvon commissioned an independent cost analysis of the field re-development with the report showing capital expenditure below US$150m (inclusive of the three production wells).

The annual operational costs were separately assessed in a range of US$80 to US$100m per annum, on the basis the field has a production life of around five years. This means the total operational expenditure of the project is expected to be between US$400m to US$500m.

The project is therefore deemed a low cost operation with total expenditure representing some US$18 to $21 per barrel. At current Brent oil prices of around US$73 per barrel the field is expected to generate around US$2.2 billion in revenue based on the 2C contingent resource of 31 million barrels (Refer ASX announcement of 28 August 2017).

Since 28 August 2017, further improvements in the seismic data quality over the Buffalo structure have been achieved. All interpretations on the further improved seismic data support the existence of the attic containing an undeveloped oil column of up to 60 metres, up-dip of the previously highest perforated interval in the field.

Carnarvon Chief Executive Officer, Adrian Cook said "The low capital and operating costs mean this is a very high yielding, standout project at current oil prices. It is a project capable of supporting a mix of funding alternatives which could naturally include a portion of Carnarvon's current cash ($48 million reported at 31 March 2018), debt funding and partner and industry funding where interest is very strong. The nature of the project is also well suited to Carnarvon in terms of its scale, time to first production and overall risk profile. As such Carnarvon intends to take a leading role in redeveloping the oil field."

About Buffalo Redevelopment Project

Carnarvon was awarded the WA-523-P acreage in May 2016 for an initial six-year term which included the previously developed Buffalo field. The Field was discovered by BHP in 1996 and subsequently developed using four wells drilled from a small, unmanned wellhead platform installed in 25 metres water depth, tied back to an FPSO. Production commenced in December 1999 at production rates up to approximately 50,000stb/d and terminated in November 2004 after the production of 20.5MMstb of highly-undersaturated, light oil (53degAPI) from the Jurassic-age Elang Formation. All existing facilities and wells were decommissioned and removed prior to Carnarvon being awarded the block.

Carnarvon initially focussed its technical work on reprocessing of the 3D seismic dataset using state-of-the-art full waveform inversion (FWI) technology. This work supports the interpretation of a significant attic oil accumulation remaining after the original development, based on sub-optimal positioning of early wells using poorly processed seismic data. Reservoir modelling has been conducted using latest structural interpretation and available well data, including an extensive history-matching effort to calibrate model/well performance to production rates and watercut development (governed by strong aquifer drive) observed during the original production period. Based on this work, independently audited volumetric estimates of contingent resources in the Buffalo oil field are 31.1 million barrels (2C) with high and low estimates of 15.3 million barrels (1C) and 47.8 million barrels (3C) - Refer to Carnarvon Petroleum's ASX announcement on 28 August 2017.

About ANPM

Autoridade Nacional do Petróleo e Minerais (ANPM) is Timor-Leste public institution responsible for managing and regulating petroleum and mining activities in Timor-Leste area, both offshore and onshore. The ANPM is to establish and supervise compliance with the enacted rules and regulations covering the exploration, development, production, transportation and distribution of petroleum, natural gas resources and mineral.

To view tables and figures, please visit:
http://abnnewswire.net/lnk/5SNWM549

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

Media inquiries: 
Luke Derbyshire
Managing Director, Spoke Corporate
Phone: +61-488-664-246
Email: luke@spokecorporate.com

↧

SEEK Limited (ASX:SEK) Macquarie Australia Conference Presentation

May 2, 2018, 3:33 pm

≫ Next: Speedcast International Ltd (ASX:SDA)Macquarie Australia 2018 Conference Presentation

≪ Previous: Carnarvon Petroleum Limited (ASX:CVN) Buffalo Field Moving Closer to Production

SEEK Limited (ASX:SEK) (OTCMKTS:SKLTY) provides the Company's latest presentation at Macquarie Australia Conference.

SEEK is well positioned to grow long term shareholder value

- SEEK operates a unique platform...

o Operates market Leaders in countries typically in high growth markets like China, Asia and LatAm

o SEEK has data advantage accumulated over many years of leadership which continues to grow

o Large scale of world class capabilities across strategy, product and tech

o Exposure to multiple business models which is growing our ability to serve the evolving needs of labour markets

- ...with significant growth in AP&A...

o Opportunity to leverage global capabilities alongside adoption of ANZ playbook

o New structure uses SEEK s global scale to build world class product & tech that can be localised

o International revenue has potential to be multiple times large than ANZ

- ...and opportunities to create value via Investment activities

o SEEK to drive capital appreciation in its investment activities via:

-- Acquisitions that are highly synergistic with AP&A's operations

-- Use our deep knowledge across employment and education to invest in market leaders and/or better support our investments

-- Provide our investments with access to world class strategy product & tech and functional expertise

To view the full presentation, please visit:
http://abnnewswire.net/lnk/I3CD1051

Investors & Analysts
Geoff Roberts / Jeff Tang
SEEK Limited
T: +61-3-8517-4484 

Media
Sarah Macartney
SEEK Limited
T: +61-3-8306-0850
M: +61-433-949-639

↧

Speedcast International Ltd (ASX:SDA)Macquarie Australia 2018 Conference Presentation

May 2, 2018, 3:43 pm

≫ Next: Myob Group Ltd (ASX:MYO) Presentation at Macquarie Australia Investor Conference

≪ Previous: SEEK Limited (ASX:SEK) Macquarie Australia Conference Presentation

Speedcast International Ltd (ASX:SDA) provides the Company's latest presentation at Macquarie Australia 2018 Conference.

Speedcast: The Leading Provider of Remote and Critical Communications Services And IT Solutions

- Critical telecommunications managed services to enterprises and governments in locations where there is limited or no terrestrial network

- Designs, sources, configures, operates and maintains remote communications networks

o Satellite is the primary network technology used; we do not own satellites

o Offers customers a range of value-added services

o Customer solutions are usually complex and customers demand high levels of support generating "stickiness"

- Successful execution and integration of a number of acquisitions in the past 5 years. Strong growth experienced since 2012.

- Business diversified across geography, industry and customer base

- High recurring revenue base, average contract life of 2-3 years

To view the full presentation, please visit:
http://abnnewswire.net/lnk/1P544X2S

Speedcast International Ltd
T: +61-2-9531-7555
E: info@speedcast.com
WWW: www.speedcast.com

↧

Myob Group Ltd (ASX:MYO) Presentation at Macquarie Australia Investor Conference

May 2, 2018, 3:46 pm

≫ Next: Sayona Mining Ltd (ASX:SYA) Management Changes

≪ Previous: Speedcast International Ltd (ASX:SDA)Macquarie Australia 2018 Conference Presentation

Myob Group Ltd (ASX:MYO) provides the investor conference presentation to be delivered today.

Our vision is to help businesses succeed

- At MYOB, we take great pride in helping business succeed. That's why every single thing we do, each and every day, aligns to this vision.

- We believe when small and medium sized businesses thrive, so too does the local and national economy.

To view the full presentation, please visit:
http://abnnewswire.net/lnk/4TW18E65

Investor Enquiries: 
Christina Nallaiah
Head of Investor Relations
T: +61-2-9089-9122
M: +61-468-362-553
E: christina.nallaiah@myob.com

↧

Sayona Mining Ltd (ASX:SYA) Management Changes

May 2, 2018, 4:53 pm

≫ Next: Fluence Corporation Ltd (ASX:FLC) Wins First Contract in Beijing

≪ Previous: Myob Group Ltd (ASX:MYO) Presentation at Macquarie Australia Investor Conference

Sayona Mining Limited (ASX:SYA) (OTCMKTS:DMNXF) ("Sayona" or the "Company") announces that Mr Corey Nolan has tendered his resignation as Chief Executive Officer ("CEO"). Mr Nolan will continue in his role until the completion of the Definitive Feasibility Study ("DFS") which is expected in June 2018.

Sayona intends to continue to strengthen its skill mix as it shifts its focus to construction and production at the Authier Lithium Project.

The Board would like to thank Mr Nolan for his contribution to the Company during his tenure as CEO which included the acquisition of Sayona's flagship Authier Lithium Project in Canada. Following the current capital raising, the Company will be wellfunded and positioned to become one of Canada's next producers of lithium concentrates. We wish Mr Nolan all the very best in his future endeavours.

Mr Dan O'Neill will continue as the Managing Director of the Company. With the Board's extensive experience in developing lithium projects, it will continue to advance the project while Corey transitions out of his role.

No replacement has been announced as yet, but the company is reviewing the most appropriate management structure going forward as the company enters the construction phase of the project, post the release of the DFS. Further announcements will be made in due course.

Dan O'Neill
Managing Director
Phone: +61-7-3369-7058
Email: info@sayonamining.com.au

↧

Fluence Corporation Ltd (ASX:FLC) Wins First Contract in Beijing

May 2, 2018, 4:58 pm

≫ Next: Prospect Resources Ltd (ASX:PSC) Minister for Mines Visits Lithium Carbonate Pilot Plant

≪ Previous: Sayona Mining Ltd (ASX:SYA) Management Changes

Fluence Corporation Limited (ASX:FLC) (OTCMKTS:EMFGF) announced today that it has secured a contract from the Changping District government for the purchase of an Aspiral(TM) S1 smart-packaged MABR-based solution (formerly known as C-MABR) for use in a municipal wastewater treatment plant. The plant will be located in Changping District, Municipality of Beijing, Hebei province, China.

- Municipal wastewater treatment plant for Changping District government

- First MABR Plant in Beijing area and with new local partner Glory Land (Beijing) Science & Technology Co., Ltd.

- Effluent produced will outperform China's Class 1A standards

This is the first contract won through Fluence's new local partners Glory Land (Beijing) Science & Technology Co., Ltd., which will also provide the civil works. Once completed, the plant will be used by the Changping District government to treat domestic wastewater from an innovative underground treatment installation.

Fluence's Aspiral(TM) S1 unit is designed to treat wastewater to effluent standards which exceed Class 1A quality in order to comply with Beijing local standards. The unit will treat 20 m3/d (5,000 GPD) and is scheduled to be commissioned as soon as October 2018. It is expected that this project will allow Fluence to leverage further opportunities for its decentralized, smart-packaged wastewater treatment solutions in China's capital, which has the strictest effluent standards in all of China.

Commenting on this most recent award in China, Fluence Managing Director & CEO Henry Charrabé said: "Following yesterday's unveiling of the rebranding of our Aspiral family of wastewater treatment solutions, it gives me great pleasure to announce today that we continue to make progress on our growth strategy in China with this sale of an Aspiral(TM) S1 in a new province and with a new partner. We've standardized features and options of our packaged units that make these innovative solutions easy to customize, install, use, maintain, and even expand. We're confident that, within this family of products, we have a solution to satisfy any customers' need for any municipal domestic wastewater treatment challenge in China."

Commenting on its partnership with Fluence, Glory Land Chairman Mr. Huashan Wu, noted, "We believe that Fluence's MABR technology is advanced and are quite confident that it satisfies the Municipality of Beijing's increasingly stringent standards for effluent discharge. We believe this is the beginning of a fruitful partnership between Fluence and Glory Land".

Corporate: 
Henry Charrabé (USA)
Managing Director & CEO
E: hcharrabe@fluencecorp.com
P: +1-212-572-3766 

Richard Irving (USA)
Executive Chairman
E: rirving@fluencecorp.com
P: +1-408-382-9790 

Ross Kennedy (Australia)
Company Secretary & Advisor to the Board
E: rkennedy@fluencecorp.com
P: +61-409-524-442

Investors (Australia):
Ronn Bechler
Market Eye
E: ronn.bechler@marketeye.com.au
P: +61-400-009-774

Media (Australia):
Tristan Everett
Market Eye
E: tristan.everett@marketeye.com.au
P: +61-403-789-096 

Investors & media (USA):
Gary Dvorchak, CFA
The Blueshirt Group
E: gary@blueshirtgroup.com
P: +1-323-240-5796 (US) or +86-138-1079-1480 (China)

↧

Prospect Resources Ltd (ASX:PSC) Minister for Mines Visits Lithium Carbonate Pilot Plant

May 2, 2018, 5:33 pm

≫ Next: Cryptocurrency Exchange Binance.com (CRYPTO:BNB) Lists Loom Network (CRYPTO:LOOM)

≪ Previous: Fluence Corporation Ltd (ASX:FLC) Wins First Contract in Beijing

Prospect Resources Ltd (ASX:PSC) ("Prospect" or "Company") is pleased to announce that the Zimbabwean Minister for Mines and Mining Development, the Honourable Winston Chitando, visited the Company's lithium carbonate pilot plant in Kwekwe, Zimbabwe this week to see first-hand the work that Prospect is doing to create battery grade (+99.5%) lithium carbonate. Prospect's lithium carbonate pilot plant is the only such plant in Africa. Prospect is using this facility to provide sample products to potential and future customers around the world and to demonstrate Zimbabwe's technical capability.

During the pilot plant visit, the Honourable Minister confirmed that "international mining companies operating in Zimbabwe will not be required to list on the Zimbabwe stock exchange.

As you have heard from His Excellency the President, Zimbabwe is open for business and we are removing barriers for companies to invest in Zimbabwe to create jobs and wealth for the Country."

To view figures, please visit:
http://abnnewswire.net/lnk/N0FZ31G5

Hugh Warner
Prospect Resources Ltd
Executive Chairman
T: +61-413-621-652

Harry Greaves
Prospect Resources Ltd
Executive Director
T: +263-772-144-669
WWW: www.prospectresources.com.au

↧

Cryptocurrency Exchange Binance.com (CRYPTO:BNB) Lists Loom Network (CRYPTO:LOOM)

May 2, 2018, 5:34 pm

≫ Next: Topbetta Holdings Ltd (ASX:TBH) Investor Presentation

≪ Previous: Prospect Resources Ltd (ASX:PSC) Minister for Mines Visits Lithium Carbonate Pilot Plant

Cryptocurrency Exchange Binance.com (CRYPTO:BNB) advise that LOOM/BNB (CRYPTO:LOOM), LOOM/BTC and LOOM/ETH trading pairs are now available on Binance for trading. You can start depositing and trading LOOM now.

Loom Network is building a fundamental infrastructure platform that will help Ethereum scale, and is the first Ethereum scaling solution to be live in production.

It uses app-specific sidechains (called DAppChains) that run in parallel to Ethereum mainnet, so that large-scale decentralized apps can run more efficiently and at scale. Loom Network's SDK allows developers to quickly build their own sidechain-based DApps without having to understand blockchain infrastructure, and use more performant consensus algorithms like DPoS while still securing tokens and assets on Ethereum.

Max Supply: 1,000,000,000 LOOM

Circulating Supply: 553,828,332 LOOM

Issue Price: $ 0.0555

Loom Network
E: team@loomx.io
WWW: www.loomx.io

↧

Topbetta Holdings Ltd (ASX:TBH) Investor Presentation

May 2, 2018, 6:32 pm

≫ Next: Ardiden Ltd (ASX:ADV) Expands Seymour Lake Identifying 60 New Target Areas

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Topbetta Holdings Ltd (ASX:TBH) provides the Company's latest Investor Presentation.

CEO ADDRESS

As you are aware, TopBetta Holdings Limited ("TBH" or the "Company") has signed a binding HOA with PlayUp Limited ("PlayUp") for the sale of the TopBetta and Mad Bookie retail businesses. As previously announced, completion of the PlayUp transaction is subject to the satisfaction of a number of conditions precedent and the execution of certain transaction documents.

The deal is significant for TBH.

It will deliver $6million in cash to the Company and further ongoing revenues through a services agreement that we believe will underpin our B2B business model (which is explained in detail within this presentation).

TBH is a company now focused on developing, selling and supporting the following scalable B2B wagering offerings to other bookmakers globally:

- Platforms

- Racing data & informatics

- Products (including The Global Tote)

Each of these revenue streams is currently live and we have multiple bookmaking clients for each of them, with detailed commercial plans to grow as shown within this presentation.

TBH has been building this B2B offering, including The Global Tote product, for the best part of 24 months. At the same time as developing the B2B the Company has been running a high-cost- based retail business division that we believe was necessary, commercially and with regulatory aspects, to prove our own B2B products before taking them to other Australian and global wagering operators.

The decision to exit retail wagering operations reduces our cost base, especially the cash burn of customer acquisition and marketing that is a part of retail wagering reality in a congested Australian market. It should also be noted that the decision was made after consideration of TBH's strategic options to either achieve scale in our retail business operations, through more acquisitions such as Mad Bookie and other small-to- mid-sized operators, or to sell to a preferred buyer that would allow us to continue to provide a variety of platforms, racing data & informatics and products on an ongoing service agreement contract. This has given TBH a new revenue base in the "Wholesale Business" of B2B selling.

With regards to our deal partner PlayUp, we believe this company has made its intentions clear in the wagering landscape with acquisitions of Classic Bet, Draft Stars, TopBetta, Mad Bookie and Punting Club brands in recent months. We believe this is significant evidence of the PlayUp company pursuing its own aggressive retail strategy alongside a fantasy sports wagering strategy that is based on scale, and one which we believe can deliver ongoing commercial benefits to TBH through its continuing exposure in the retail wagering industry through revenue share service agreements.

TBH has welcomed the deal of $6million in cash and an ongoing services agreement to generate revenue from PlayUp's growing suite of brands. More importantly we have also welcomed the opportunity to work with and ambitious partner like PlayUp as it allows our business to focus on what it does best by providing the platforms, racing data and products and supporting another wagering operator to focus on what it wants to achieve with speed through marketing and acquisition.

I want to reiterate to our shareholders that there are now 3 Revenue Streams we have built modelling forecasts for at TBH as part of the ongoing business model. I understand that the most talked about to date has been our pooled betting platform The Global Tote, which is licensed in the UK, and has now been in operation for 12 months, during which time it has operated on over 2500 race meetings, turned over $100 million.

The Global Tote has been a considerable investment as we believe this product has the ability to revolutionise wagering globally by providing a better suite of products for the consumer while allowing better margins for operators and also solving integrity and commercial expansion issues for racing bodies from all corners of the globe.

As we have reported, The Global Tote has been the subject of much discussion with regulators across the globe. Regulators in the UK and US have approved the product to be offered to bookmakers in their respective jurisdictions, but as our shareholders will be aware, TBH through its wholly-owned subsidiary The Global Tote Ltd has chosen to establish The Global Tote with significant liquidity in the pools on Australian race meetings and offer the product as B2B solution to Australian licensed bookmakers. Since launching, The Global Tote has generated more than $2 million for Australian racing bodies and has generated widespread interest.

While The Global Tote has an approval from the Northern Territory Racing Commission (NTRC) for a data agreement with TopBetta, it has not received the green light on other agreements with Ladbrokes and Neds. To this effect, TBH has met with NTRC to better understand the issues and has also met with the NT Attorney-General (as recently as last month).

TBH accepts that in a fast-moving wagering landscape that regulators need to be well briefed on new innovations and products and comfortable to approve new agreements. TBH has sought clarifications from The Global Tote's licensing entity in the UK to assist its representations to NTRC and the Northern Territory Government on what The Global Tote product is classified as (among other legal interpretations) but also to demonstrate what The Global Tote is offering bookmakers under their jurisdiction. The bookmakers as noted here have indicated to TBH they wish to use The Global Tote to benefit their own businesses. We are dedicated to working with bookmakers and regulators to reach positive outcomes in all jurisdictions we operate in, and plan to enter, and certainly don't intend to go away based on being disruptive to competitors.

The Global Tote has the capability to host pools on any racing or sporting event around the world and is licensed to operate through Alderney in the UK and also in the US via the North Dakota Racing Commission.

By divesting of retail business operations and expanding up our revenue streams within the B2B model we are also now focusing heavily on executing our existing international deals in the UK and the US where the Global Tote has received regulatory approval to operate.

The Platforms and Data parts of our business will strengthen The Global Tote and other Products as TBH expands and rolls out these solutions into the global wagering scene.

Through our understanding of world wagering TBH seeks to become the wholesale operator of choice for racing data, platforms and products that save operators costs (such as reducing the number of data feeds from currently hundreds per bookmaker to a single integration point established by TBH) to growing revenues with new and innovative wholsale and reatail products such as Fixed Exotics and new risk-management platforms.

This is a very exciting stage of TBH's journey as we get back to the core of why we started this business and that was to create unique and compelling wagering products for bookmakers - and ultimately for the end consumers around the world.

We thank our loyal shareholders for their support and look forward to updating the market soon on further announcements.

To view the full presentation, please visit:
http://abnnewswire.net/lnk/68OJ6Z23

Topbetta Holdings Ltd
T: 1300-886-503
F: +61-4957-4702
E: investors@topbetta.com.au
WWW: www.topbetta.com.au

↧

Ardiden Ltd (ASX:ADV) Expands Seymour Lake Identifying 60 New Target Areas

May 2, 2018, 7:55 pm

≫ Next: MMJ PhytoTech Ltd (ASX:MMJ) Harvest One (CVE:HVT) to Acquire Dream Water

≪ Previous: Topbetta Holdings Ltd (ASX:TBH) Investor Presentation

Diversified minerals explorer and developer Ardiden Limited (ASX:ADV) (or "the Company") is pleased to advise that further detailed review of new satellite imagery covering the Company's 100%-owned, flagship Seymour Lake Lithium Project in Ontario, Canada has identified an additional 60 highly-prospective lithium-bearing targets, which have the potential to significantly increase the scale and value of the project.

HIGHLIGHTS:

- 60 new highly-prospective target locations with lithium-bearing potential have been identified by Ardiden, at Seymour Lake via a detailed review and analysis of new satellite imagery

- These new targets are in addition to the 100 target locations recently announced by the Company and the previously identified 40 pegmatite exposures along the 5km strike zone, with several of these exposures hosting visible spodumene

- Numerous exposures recently identified share a number of physical similarities to those found at both Aubry and Pye pegmatites

- As a result of the detailed review, Ardiden stakes approximately 8,750 hectares (400 claims) on the eastern edge of the Seymour Lake Project, significantly expanding the project eastwards

- Continued data review at Seymour Lake continues to provides Ardiden with a significant and diversified opportunity to explore and target new exploration targets across its 16,654 -hectare landholding

- Identification of new prospective areas have the potential to significantly increase the overall scale and value of the Seymour Lake project

- The Ardiden geological team about to commence the large-scale field mapping program next week on 160 new target areas

As a result of the review Ardiden has applied for (staked) approximately 400 claim areas (totally 8,747Ha) on the eastern edge of the Seymour Lake Project with the Ontario Ministry of Northern Development and Mines ("MNDM"). This large new area was staked on the basis that many new target areas were identified outside of the original project claims.

This additional land provides Ardiden with a significant and diversified opportunity to explore and target potentially new pegmatite-hosting structures across its dominant, 16,654 -hectare landholding.

With more than 160 new exploration target locations identified across the project, and with many of these targets within close proximately to the all-weather road, provides Ardiden the potential to significantly develop and grow the Seymour Lake project.

EXPLORATION UPSIDE

The substantial expansion of the project footprint and further identification of new areas of interest are exciting developments for Ardiden. Many of the new target areas share a number of physical similarities to the known pegmatites discovered at Aubry and Pye, reinforcing the potential for Seymour Lake to host multiple pegmatite swarms.

Due the large volume of highly prospective locations across the Seymour Lake project, not all areas are likely to be fully explored during the 2018 field season. A more detailed analysis of the satellite imagary continues, looking at the size, location, colour and orientation of the various rock exposures.

One major advantage is that many of these new target areas are within a very short walking distance of the all-weather road that runs through the middle of the project area. As seen in Figures 1 and 2 (see link below), some of the target areas are at the roads edge, which creates an ease of assess for mapping and assessment and hopefuly for future drilling activities.

Taking into account what is known about the controlling structures at the Aubry pegmatite swarm and the influence of the local and regional geology, Ardiden will be efficiently assisted in identifying and classifying the most prospective locations across the project.

Some of the areas of the interest includes target locations 65, 66 and 70 (refer Figure 2 in link below), which shows a number of rock exposures spread over hundreds of metres, which exhibits many physical traits similar to the Aubry and Pye prospects.

A mapping and sampling program is scheduled to commence early next week, as the winter snow is clearing from the ground, which will allow for a detailed inspection of these and many other locations across the project.

Ardiden looks forward to providing further updates as they come to hand.

To view figures, please visit:
http://abnnewswire.net/lnk/M5M62FQ1

Investors:
Brad Boyle
Ardiden Ltd 
Tel: +61-8-6245-2050

Media:
Michael Weir / Cameron Gilenko
Citadel-Magnus
Tel: +61-402-347-032 / +61-466-984-953

↧

MMJ PhytoTech Ltd (ASX:MMJ) Harvest One (CVE:HVT) to Acquire Dream Water

May 3, 2018, 3:22 pm

≫ Next: Central Petroleum Limited (ASX:CTP) Quarterly Webinar

≪ Previous: Ardiden Ltd (ASX:ADV) Expands Seymour Lake Identifying 60 New Target Areas

Harvest One to acquire Dream Water MMJ PhytoTech Limited (ASX:MMJ) ("MMJ") is pleased to note the attached press release by Harvest One Cannabis Inc. (CVE:HVT) ("Harvest One") confirming that Harvest One has entered into definitive agreements to acquire Dream Water, a consumer goods business with operations in the United States and Canada. The acquisition will deliver to Harvest One a ready-made consumer goods marketing, distribution and product development division that is generating around $6 million of annual revenue from its current product lines.

Harvest One intends to expand the Dream Water brands and product lines into the cannabis base within federally regulated markets globally.

To view the Harvest One Release, please visit:
http://abnnewswire.net/lnk/WZ4BD9OZ

Jason Conroy
Chief Executive Officer
jconroy@mmjphytotech.com.au

↧

Central Petroleum Limited (ASX:CTP) Quarterly Webinar

May 3, 2018, 7:08 pm

≫ Next: PlayUp Acquires Innovative Social Betting Platform - betting.club

≪ Previous: MMJ PhytoTech Ltd (ASX:MMJ) Harvest One (CVE:HVT) to Acquire Dream Water

Central Petroleum Limited (ASX:CTP) (OTCMKTS:CPTLF) announces that a webinar presentation will be delivered by the Managing Director, Mr Richard Cottee, on Wednesday, 9 May 2018 commencing at 4:00pm AEST* to discuss the Quarterly Report for the quarter ended 31 March 2018.

*Australian Eastern Standard Time

Participants wishing to attend this webinar will need to register using the following link:

http://www.abnnewswire.net/lnk/E0U0L18K

Central Petroleum Limited
T: +61-7-3181-3800
F: +61-7-3181-3855
E: info@centralpetroleum.com.au
WWW: www.centralpetroleum.com.au

Media Enquiries
Martin Debelle at Citadel-MAGNUS
T: +61-2-8234-0100
M: +61-409-911-189

↧

PlayUp Acquires Innovative Social Betting Platform - betting.club

May 3, 2018, 9:27 pm

≫ Next: Sayona Mining Ltd (ASX:SYA) Renounceable Issue

≪ Previous: Central Petroleum Limited (ASX:CTP) Quarterly Webinar

PlayUp Limited (PlayUp) has acquired online wagering operator betting.club, as part of its continued growth strategy. betting.club was acquired from its owners which comprised three of Sydney's leading club organisations - the iconic Mounties Group, Campsie RSL and Club Rivers.

- Further acquisition and growth for PlayUp Limited

- Provides greater distribution for the PlayChip among high volume wagering platform

- Represents a first step towards in venue

- First step towards in venue use of PlayChip for wagering payments and rewards

betting.club offers punters the chance to bet and be social in the one platform. The betting.club social betting platform allows players to rate and share form, share tips and bets, was well as share wins with mates and fellow punters.

Daniel Simic, PlayUp CEO commented: "betting.club has been on our radar for sometime as they have built a truly social wagering platform used by a high volume of punters as well as developed an innovative app and online presence. We're committed to enhancing the social and community focus of the platform as well as integrate the PlayChip as an optional wagering payments and rewards offering."

Kelly Signell, CEO, betting.club said: "PlayUp has significant momentum and importantly has demonstrated to us their ability to grow and engage online communities which is fundamental aspect of betting.club. We're pleased to see betting.club now join the PlayUp ecosystem and our clients will no doubt benefit from the opportunity to use the PlayChip Utility Token in both the online platforms and potentially in some of the largest club venues in Australia."

The PlayChip Utility Token

Developed in Australia, the PlayChip Utility Token is a crypto-asset built on the Ethereum blockchain, and is set become a universal payment and rewards currency for gaming and wagering.

PlayUp.com will be the world's first wagering platform to use the PlayChip and it will form the foundation to facilitate the decentralisation of the wider PlayUp ecosystem and gaming platforms, allowing sports fans to connect, compete and collect, irrespective of their location. In addition to betting.club, DraftStars, ClassicBet, TopBetta and MadBookie will also shortly incorporate the PlayChip within their payments and rewards systems.

* As announced on 09 April 2018, PlayUp has agreed to merge with Mission NewEnergy Limited (ASX:MBT) (OTCMKTS:MNELF), subject to the approval of the ASX and NASDAQ and regulatory approval requirements. Upon the completion of the merger it is anticipated that the company's securities will seek to re-comply with both ASX and NASDAQ listing rules resulting in the trading of shares on the NASDAQ stock exchange and the ASX.

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

↧

Sayona Mining Ltd (ASX:SYA) Renounceable Issue

May 3, 2018, 11:00 pm

≫ Next: Investigator Resources Ltd (ASX:IVR) Paris Preliminary Metallurgical Results

≪ Previous: PlayUp Acquires Innovative Social Betting Platform - betting.club

Sayona Mining Limited (ASX:SYA) (OTCMKTS:DMNXF) ("Sayona" or "Company") is pleased to announce a pro rata renounceable entitlement issue to Eligible Shareholders to enable them to participate in the Company's capital raising activities.

The entitlement issue is made on the basis of 1 New Share for every 22 Shares held on the Record Date, with 1 free attaching New Option to be issued for every 2 New Shares issued under the Entitlement Offer (Offer). The New Options have an exercise price of $0.078 and an exercise period ending on 30 April 2020.

If fully subscribed, the Offer will raise $3,924,790 before costs of the Offer.

The Entitlement offer will be lead managed and partially underwritten to $2 million by Patersons Securities Limited.

The funds raised, together with funds received under Sayona's placement announced on 18 April 2018, will be utilised to fund the further assessment of and the definitive feasibility study, for the Company's Authier lithium project in Canada, with the aim of completing the definitive feasibility study this year. Funds will also be directed to exploration of the Company's Tansim and Mallina lithium projects and for working capital.

Prospectus lodged

The Company lodged a Prospectus for the Offer with ASIC today that sets out detailed information regarding the Offer. A copy of the Prospectus is available on the ASX website and also on the Company's website www.sayonamining.com.au.

New Shares to be issued pursuant to the Entitlement issue

Up to 76,956,669 New Shares and 38,478,335 New Options will be issued under the Offer. The New Shares issued under the Offer will be fully paid ordinary shares ranking equally in all respects with fully paid ordinary shares in the Company already on issue.

All fractional entitlements under the Entitlement issue will be rounded up to the nearest whole number.

The Company has applied for official quotation of New Shares and New Options to be issued pursuant to the Offer, on ASX.

Offer is Renounceable

The Offer is renounceable, meaning that entitlements can be sold on ASX or otherwise transferred. Information on dealing with Entitlements is set out in the Prospectus.

Eligible Shareholders

The Offer is made to all the Company's shareholders on record as at 7pm (AEST) on 10 May 2018 (Record Date) with registered addresses in Australia, New Zealand, Singapore and Hong Kong. The Company has determined it is unreasonable to make offers to Shareholders other than those with registered addresses in those jurisdictions on the Record Date, having regard to the number of Shareholders outside those jurisdictions, the number and value of the New Shares that would be offered and the cost of complying with legal and regulatory requirements outside those jurisdictions.

To view the timetable, please visit:
http://abnnewswire.net/lnk/E0J708BB

Paul Crawford
Company Secretary
Phone: +61 (7) 3369 7058
Email: info@sayonamining.com.au

↧

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