Quantcast
Channel: ABN Newswire
Viewing all 12690 articles
Browse latest View live

Noble Vici Group Inc. (OTCMKTS:NVGI) Sets Up Subsidiaries in South-East Asia

$
0
0
Noble Vici Group Inc. (OTCMKTS:NVGI), a company that is focused on harnessing the opportunities in the digital revolution of IoT, Big Data, Blockchain and E-commerce, today announced that it will establish and fund two new subsidiaries in South-East Asia as part of its expansion plans.

It is in the process of establishing and funding "Noble Digital Apps Sdn. Bhd." in Malaysia's Multimedia Super Corridor to focus on mobile apps development, and "The Digital Agency Pte. Ltd." in Singapore to offer digital marketing and content development services to support NVGI's global marketing outreach, as well as user and merchant acquisitions.

Commenting on the expansion, CEO Sir Eldee Tang, said, "We are expanding our footprint into newer markets to strengthen our global ecosystem. Our goal is to bring the right mix of innovation, technology and marketing best practices to address the growing business needs as well as investing in the user base that will be leveraging our platforms."

Sir Eldee added that, "NVGI is also in talks with multiple merchant acquisition platforms with operations in South-East Asia and China to broaden our reach and presence, as well as to gain access to mass-market users in Asia. We believe that Asia is in a state of transformation in the E-commerce sector as China's Belt and Road Initiative sets to reinvent inter-Asian trade and redefine East-West economics."

As part of this go-forward strategy, NVGI is committed to divesting its non-core assets in a timely manner so that the company can target and inject upcoming businesses into its portfolio. Additionally, NVGI has filed a reverse stock split application at 1-for-1000 of all issued and outstanding Common Stock. The purpose of the reverse stock split application is to realign the Capital Structure and make newly issued stock available to fund acquisitions and expansion.

Investor Relations 
Florence Fang
Flame Communications
Email:florence@flamecomms.com
Phone: +65-9768-8186
Website: www.flamecomms.com

Impact Minerals Limited (ASX:IPT) Exploration Update - Clermont and Commonwealth Projects

$
0
0
An Induced Polarisation (IP) gradient array survey is nearing completion at Impact Minerals Limited's (ASX:IPT) 100% owned Clermont gold project located in the southern part of the Drummond Basin in Central Queensland, a prolific epithermal gold-silver belt which hosts several world class gold deposits such as Pajingo (Vera-Nancy) (>5 Moz), Mt Leyshon (>3 Moz) and Mt Wright (>1 Moz) (see Figure 1 in link below).

Exploration at Clermont has been reinvigorated following a strategic review of the project last Quarter and reported in the March Quarterly report.

The aim of the IP survey is to identify targets to be drill tested as soon as practicable and shortly after completion of the planned drill programme at Impact's 100% owned Commonwealth gold-silver project in New South Wales. Drilling at Commonwealth is scheduled to start by late June.

The IP survey at Clermont is centred over two key prospects, Retro and Retro-Extended, at the northern end of the Retro Fault System, a 10 km trend of goldsilver and base metal mineralisation. From south to north along the Retro Fault system, a transition may be present from bulk tonnage porphyry-style mineralisation to high grade precious and base metalrich epithermal mineralisation (see Figure 2 in link below).

The purpose of the current IP survey is to assess continuity of the mineralised structure over a strike length of about 5 kilometres from north of Retro to south of Retro Extended (see Figures 2 and 3 in link below).

RETRO EXTENDED

This prospect is a gold-bearing quartz reef/vein system where previous explorers completed 27 RC holes for 1342 metres. A mineralised vein system was defined over 200 metres of strike and 75 metres depth.

A standout drill assay returned

8 m at 16.1 g/t gold, 143 g/t silver, 5.6% copper and 7.8% lead from 8 metres in RERC1 (see Figure 3 in link below).

Impact (under Invictus Gold Limited, now a wholly owned subsidiary of Impact) completed follow up soil and rock chip geochemistry surveys and 7 RC holes for 974 metres. This work extended the total strike of mineralisation at Retro Extended up to 1,200 metres and to 125 metres below surface.

Importantly Impact established for the first time that the narrower zones of high grade mineralisation occurred within much thicker zones of disseminated sulphide and alteration containing anomalous silver, lead and zinc. This suggests that the host structure is a coherent zone of considerable fluid flow and not isolated discontinuous veins.

For example, RERC030 was drilled to test the down dip extension of mineralisation at a depth of 130 metres below surface (see Figures 3 and 4 in link below) and intersected two mineralised structures comprising silica-chlorite-epidote altered sandstones with extensive quartz veining and up to 10% sulphides (pyrite, chalcopyrite and arsenopyrite). This zone returned:

8 m at 2.3 g/t gold, 6.1 g/t silver, 0.05% copper, 0.1% lead and 0.1% zinc from 135 m including

2 m at 6.3 g/t gold, 9.7 g/t silver, 0.04% copper, 0.3% lead and 0.1% zinc from 141 metres; and

2 m at 0.8 g/t gold, 4.9 g/t silver with minor copper, lead and zinc from 161 metres.

These two zones occur in the centre of a 50 m thick zone (true thickness) of weaker mineralisation and alteration that returned: 90 m at 1.2 g/t silver, 313 ppm zinc and 163 ppm lead (see Figure 4 in link below).

Further drilling should lead to the definition of a JORC compliant Inferred Resource in this area.

OTHER PROSPECTS

Field checking and grab samples from along the Retro Fault System also confirmed the potential for epithermal mineralisation over 10 km of strike as well as porphyry-style mineralisation at the Nanya Prospect at the southern end of the Retro Fault System (see Figure 2 in link below).

For example, grab samples of epithermal quartz veins and rare volcanic breccia at various prospects have returned assays of up to the following:

Retro: 3.5 g/t gold, 57.7 g/t silver, 234 ppm copper and 3.6% lead. Previous drilling at Retro also returned 2 m at 13.7 g/t gold from 34 metres;

Retro South: 5.4 g/t gold, 75 g/t silver and 500 ppm copper;

Retro East: 0.8 g/t gold, 3.3 g/t silver and 0.6% lead.

In addition, 1,000 m south of the main mineralisation at Retro Extended colloform banded quartz veins returned up to 2.6 g/t gold, 61.3 g/t silver, 380 ppm copper, 6.1% lead and 830 ppm zinc.

At the Nanya Prospect located 5 km southwest of Retro Extended, a large east trending sericite-pyrite alteration zone at least 1,500 m by 300 metres in dimension has been mapped on the northern margin of the Retreat Granite. Grab samples by both Impact and previous explorers have returned up to:

370 ppm molybdenum, 26 g/t silver, 175 ppm copper, 2.7% lead and 730 ppm zinc in separate samples in granite; and

98.7 g/t silver, 0.13% molybdenum, 0.16% copper, 4.8% lead and 0.16% zinc in laminated and bladedtextured gossanous quartz veins in sericite altered granite. Gold values were less than 100 ppb.

The geological characteristics of the Nanya Prospect are similar to those at the large Anthony porphyry molybdenum deposit located 100 km to the northwest (Inferred and Indicated Resource of 318 Mt at 390 ppm molybdenum at a 200 ppm cut off).

All of these results indicate there is significant exploration potential along the Retro Fault System for the discovery of a major deposit and that further exploration is warranted as a priority.

COMMONWEALTH DRILL PROGRAMME

Preparations continue for the start of the follow up drill programme at Commonwealth. Negotiations with drill contractors are underway and final statutory permits awaited. It is anticipated the programme will start by the end of June.

To view figures, please visit:
http://abnnewswire.net/lnk/0F6K9RRW

Dr Michael G Jones
Managing Director
Impact Minerals Limited
T: +61-8-6454-6666
E: info@impactminerals.com.au

VIDEO: MMJ PhytoTech Ltd (ASX:MMJ) Harvest One (CVE:HVT) CEO Interview

$
0
0
MMJ PhytoTech Limited (ASX:MMJ) ("MMJ") notes the recent interview given by Andreas Gedeon, CEO of Harvest One Cannabis Inc. (CVE:HVT) ("Harvest One"), providing a business update including discussion of the recently announced Dream Water acquisition.

The interview can be viewed at:
http://www.abnnewswire.net/press/en/93133/mmj

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

NOVONIX Ltd (ASX:NVX) Partner Selected for US DOE Funding for LIB Programs

$
0
0
NOVONIX Limited (ASX:NVX) is pleased to advise that the US Department of Energy (DOE) has announced that Coulometrics, LLC, 50% owner of the PUREgraphite Joint Venture with NOVONIX Limited (50%), has been selected for two highly competitive US$1,000,0000 DOE grants in the area of lithium-on battery (LIB) research.

HIGHLIGHTS

- NOVONIX partner, Coulometrics, LLC, has been awarded two US Department of Energy grants for lithium-ion battery (LIB) research - each for USD$1,000,000.

- The research grants cover the development of Extreme Fast Charge (XFC) Batteries, which includes the testing of PUREgraphite anode materials, and further research into high-quality natural graphite.

The DOE has provided a US$1,000,000 grant for the development Extreme Fast Charge (XFC) Batteries (DOE Reference: DE-FOA-0001646). Coulometrics advises that it will use this funding to develop a number of new battery technologies to enable XFC batteries and will include the testing of new graphite materials provided by PUREgraphite.

The DOE announcement is available at:

http://www.abnnewswire.net/lnk/8406963Y

Following completion of a 2016 Phase I grant from DOE, Coulometrics has also been awarded earlier this year a Phase II grant of USD$1,000,000 by the DOE for research on high quality natural graphite for use in LIBs (DOE Reference: DE-FOA-0001808).

ABOUT PUREgraphite

PUREgraphite is a recently-established 50:50 joint venture between NOVONIX and Coulometrics established to develop and commercialise ultra-high purity, high-performance graphite anode material for the lithium-ion battery market focused on the electric vehicle, energy storage and specialist markets and applications.

PUREgraphite became operational on 1 April 2017 and is a US-based and registered company that has commenced operations from within the Coulometrics Battery Materials Development Facility in Chattanooga, Tennessee, USA. The combined facilities include materials processing, battery making and battery testing which enables PUREgraphite to rapidly advance its materials development and to benchmark and demonstrate performance of our materials in commercial batteries. The CEO of PUREgraphite is Dr Edward Buiel who is also the founder and owner of Coulometrics.

NOVONIX contributed funding to PUREgraphite for it to exclusively acquire the graphite-related intellectual property from Coulometrics and ongoing exclusivity in the future for development of graphite anode materials. The Coulometrics graphite IP includes innovative high-performance graphite anode materials (demonstrated to outperform leading materials currently in the market) and production methods expected to deliver production costs significantly lower than existing producers. NOVONIX also contributed additional to PUREgraphite to meet anticipated capital and operating costs for the first two years of operation.

Greg Baynton 
Executive Director
Phone: +61-414-970-566              
Email: greg@novonixgroup.com

Philip St Baker
Managing Director
Phone: +61-438-173-330
Email: phil@novonixgroup.com
Website: www.novonixgroup.com

Sayona Mining Ltd (ASX:SYA) Despatch of Entitlement Offer Documents

$
0
0
Sayona Mining Limited (ASX:SYA) (OTCMKTS:DMNXF) ("Sayona" or "Company") confirms that the Prospectus and personalised Entitlement and Acceptance Forms relating to its pro rata renounceable entitlement issue (Offer) announced on 4 May 2018, have today been despatched to shareholders eligible to participate in the Offer.

The Prospectus was lodged with ASIC and ASX on 4 May 2017 and is available on the Company's website.

The Offer closes at 5:00pm (AEST) on 24 May 2018.

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

Liquefied Natural Gas Ltd (ASX:LNG) Canada Gas and LNG Conference Presentation in Vancouver

$
0
0
Liquefied Natural Gas Ltd provides the presentation to the Canada Gas and LNG Conference in Vancouver, presented by Greg Vesey, Managing Director, LNG Limited and President, Bear Head LNG - May 2018

LNGL is an Australian public company (ASX:LNG) (OTCMKTS:LNGLY)

- Developer of mid-scale LNG export terminals

- Projects are indirect wholly owned subsidiaries

To view the presentation, please visit:
http://abnnewswire.net/lnk/4YP0QV3Y

Mr. Micah Hirschfield
Sr. Manager, Communications and Investor Relations
Liquefied Natural Gas Limited
T: +1-713-815-6920
E: mhirschfield@lnglimited.com

Mr. Andrew Gould
Joint Company Secretary
Liquefied Natural Gas Limited
T: +61-8-9366-3700
E: AGould@lnglimited.com.au

NOVONIX Ltd (ASX:NVX) Andrew N. Liveris To Join NVX Board on July 1, 2018

$
0
0
ASX-listed NOVONIX Limited (ASX:NVX) ("NOVONIX" or the "Company") is pleased to formally announce the effective date for the appointment of Andrew N. Liveris AO to its Board of Directors as 1 July 2018.

HIGHLIGHTS

- As announced on 3 October 2017, Andrew N. Liveris AO, Chairman and Chief Executive Officer of The Dow Chemical Company and a director of DowDuPont, will join the Board of Directors of NOVONIX.

- The effective date for Mr Liveris' appointment has now been agreed as 1 July 2018, which follows the transition from his roles with Dow and DowDuPont and aligns with his appointment to the Board of Saudi Aramco (formally known as Saudi Arabian Oil Co.).

- Mr Liveris will be instrumental in supporting NOVONIX's international business development and alliance efforts and relationships in the US$20 billion high-value battery materials sector.

As previously announced, the appointment of Mr Liveris is a further step in the implementation of the Company's downstream integration strategy.

The appointment will follow Liveris' transition from his roles with Dow and DowDuPont, and will coincide with his appointment to the Board of Saudi Aramco (formally known as Saudi Arabian Oil Co.).

Mr Liveris is currently the Chairman of and Chief Executive Officer of The Dow Chemical Company and a director of DowDuPont, a nearly US$80 billion holding company comprised of The Dow Chemical Company and DuPont.

Until recently, Mr Liveris also served as Executive Chairman of DowDuPont. DowDupont is traded on the NYSE under the stock ticker symbol "DWDP", with a current market capitalisation of US$155 billion.

Mr Liveris has been a member of Dow's Board of Directors since February 2004, CEO since November 2004 and was elected as Dow's Chairman of the Board effective 1 April 2006. He was appointed Executive Chairman of DowDuPont in May 2016, and assumed that role until recently, following the close of the merger transaction between Dow and DuPont on August 31, 2017.

Mr Liveris sits on the Board of Directors of IBM, is Vice Chair of the Business Roundtable, an Executive Committee Member and Past Chairman of the U.S. Business Council, and a member of the Concordia Leadership Council and the Australian government's Industry Growth Centres Advisory Committee. Liveris serves on the Board of Trustees of The King Abdullah University of Science and Technology, California Institute of Technology and the United States Council for International Business.

On 29 April this year, Saudi Aramco announced that Mr Liveris will join its Board of Directors, effective as of July 1, 2018.

Born in Darwin, Australia, Mr Liveris attended the University of Queensland in Brisbane, graduating with a bachelor's degree (first-class honors) in Chemical Engineering. Earlier this year, he and his wife Paula donated $13.5 million to help establish the Liveris Academy in the University's Faculty of Engineering, Architecture and Information Technology.

He is a Chartered Engineer and a Fellow of The Institute of Chemical Engineers as well as a Fellow of the Australian Academy of Technological Sciences and Engineering.

His appointment to the Board of NOVONIX follows the commissioning of the PUREgraphite pilot plant in Tennessee, USA and expansion of the NOVNONIX Battery Testing Services factory and R&D facility in Nova Scotia, Canada.

Mr Liveris will serve as a Non-Executive Director of NOVONIX and will particularly assist with international business development, market entry and strategic opportunities.

NOVONIX Chairman, Mr Tony Bellas, said that the Board of Directors was very pleased to formalise the effective date of 1 July for Mr Liveris' appointment.

"The Board and senior executive team are looking forward to working closely with Andrew as we scale-up our from pilot-scale production, deepen our customer relationships, and undertake strategic international projects."

Details of Mr Liveris' Board remuneration package were announced on 3 October 2017 when NOVONIX announced his intention to join the Board.

Greg Baynton 
Executive Director
Phone: +61-414-970-566              
Email: greg@novonixgroup.com

Philip St Baker
Managing Director
Phone: +61-438-173-330
Email: phil@novonixgroup.com
Website: www.novonixgroup.com

Prospect Resources Ltd (ASX:PSC) Appoints DRA to Arcadia Lithium Project

$
0
0
Prospect Resources Limited (ASX:PSC) (Prospect, the Company) is pleased to announce that it has appointed global engineering firm, DRA to provide engineering services and upfront design for their flagship Arcadia Lithium Project, located 38kms east of Harare, Zimbabwe.

The Arcadia Lithium Project represents a globally significant hard rock lithium resource and is rapidly being developed by Prospect's experienced team. The 1.2Mtpa process plant will produce saleable lithium concentrate of both spodumene and petalite.

"We believe that DRA is the perfect partner for Prospect to align with on the Arcadia Lithium Project. Their broad capabilities, 15-year track record in gold, platinum, diamonds and lithium in Zimbabwe and team of highly skilled engineers and designers provide an invaluable service offering to Prospect Resources Limited," said Harry Greaves, Executive Director of Prospect Resources Limited.

The project begins with engineering planning, design and scope clarification which will culminate in a baseline document for the project. Certain long lead time items have been ordered with additional equipment orders due to be issued imminently. Site preparations have commenced including land clearing in preparation for the pre-stripping to get under way and for the tailings dam to be built.

Paul Howard, Senior Vice President Origination (EMEA) of DRA said, "Our historical relationship with Prospect's management team makes DRA a logical fit for the Arcadia Lithium project and one which we are excited to be a part of. It is DRA's future expectation to assist in battery mineral projects, which will help develop sustainable battery powered transport solutions, and contribute to a greener environment. This will be particularly positive when it comes to the reduction of greenhouse gasses."

The engineering and design portion of the project is valued at approximately R5.3m. The entire project is expected to be completed and in production by the second quarter of 2019.

In addition, in co-operation with the Ministry of Mines and Mining Development, the Company is expecting His Excellency, The President of Zimbabwe, to officiate at the ground-breaking ceremony of the Arcadia Mine. The Company is awaiting confirmation of a date when His Excellency is available, at which time we will make an announcement and extend invitations to all shareholders to attend.

About DRA

DRA is a highly successful and credible diversified global engineering, project delivery and operations management group, with an impressive +30-year track record. Known for their collaborative approach and extensive experience in project origination and delivery, as well as turnkey operations and maintenance services, DRA delivers optimal solutions that are tailored to meet clients' needs. With expertise in the areas of geology, mining, mineral & metals processing, water, energy, agricultural engineering and infrastructure, DRA delivers truly comprehensive solutions. With 12 global offices, DRA offers flexible engineering & operations management services worldwide.

For more information, visit www.draglobal.com

Prospect Resources
Hugh Warner
Executive Chairman
Ph: +61 413 621 652

Harry Greaves
Executive Director
Ph: +263 772 144 669

DRA
Christo Visser
Senior Vice President Origination (Global Support)
Christo.visser@draglobal.com
Ph: +61 402 901 555

Carnarvon Petroleum Limited (ASX:CVN) SPP Cleansing Statement

$
0
0
Carnarvon Petroleum Limited (ASX:CVN) announced on 11 May 2018 that it intends to offer eligible shareholders the opportunity to subscribe for up to A$15,000 of new fully paid ordinary shares in the Company under a share purchase plan (SPP). The Company intends to issue the SPP offer document without issuing a prospectus, under the exemptions set out in ASIC Class Order 09/425 (Class Order).

The Company hereby gives notice that:

(a) the Company will make offers to issue shares under a share purchase plan without disclosure to investors under Part 6D.2 of the Corporations Act 2001 (Cth) (Act);

(b) this notice is given in accordance with paragraph 7(f)(ii) of the Class Order;

(c) as at the date of this notice, the Company has complied with the provisions of Chapter 2M as they apply to the Company and section 674 of the Act; and

(d) as at the date of this notice, there is no information that is 'excluded information' (in accordance with section 708A(7) and 708A(8) of the Act as if this notice were a notice under section 708A(5)(e) of the Act).

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

EnviroSuite Limited (ASX:EVS) Major Contract Win

$
0
0
EnviroSuite Limited (ASX:EVS) (FRA:57P) is pleased to advise that it has secured a major contract in the Middle East with a large state owned public works authority for a city-wide odour monitoring and management system.

Highlights

- Largest ever contract signed for Envirosuite ($1.5m AUD)

- First contract win in the Middle East region

- Highly strategic use case for the Envirosuite solution

This is a new client contract and is not related to the trial announced in the March quarterly sales update released on 9 April 2018, which is for another client in the Middle East region.

The contract is worth $1.17m USD (c.$1.5m AUD) for an initial 12 month period. Although the contract does not specify a breakdown of the amounts attributable to software and hardware, for the benefit of investors, the nature of the software component in this solution, if sold in isolation would be in excess of $250,000 AUD. Subsequent to the initial period, Envirosuite anticipates that the solution will remain in place under a new SaaS contract for the ongoing provision of the solution.

Due to the amplified effects of high temperatures in the Middle East, urban sewer networks are known to create high levels of Hydrogen sulphide which creates odour nuisance impacts in communities. Hydrogen sulfide (H2S) is a colorless, flammable, extremely hazardous gas with a "rotten egg" smell and it's emissions are a major cause of odour complaints globally. It occurs naturally in crude petroleum and natural gas, and can be produced by the breakdown of organic matter (e.g. sewage). The client has been routinely receiving complaints about odours escaping from the sewer network throughout the city.

The client required a system that monitors H2S releases from manholes, vents and pumping stations and allows for a proactive system of early warning of potential problems to operators. The solution will also assist the public works authority with managing odour nuisance complaints.

Envirosuite will be providing its industry leading Environmental Compliance and Incident Intelligence solutions that allows for visualisation and proactive management through approximately 40 proprietary monitoring stations placed at locations around the city.

Envirosuite Chief Executive Officer, Peter White commented:

"This win provides substantial evidence of growing traction in our sales efforts as well as further geographic expansion for our world-leading environmental monitoring and management solution. This sale is also strategic, as we believe it to be the first ever regional-scale sewer network monitoring implementation globally.

The deal highlights an expanding spectrum of deal quantum as we offer our solutions beyond the operational site level to a city or regional level.

As populations continue to grow in urban communities, interest in the use of regional network monitoring systems to assist in managing odour nuisance complaints is growing rapidly. Envirosuite is ideally positioned to be the leader in this emerging global space, in addition to our other industry verticals. This positioning for Envirosuite is enabled by world renowned expertise in odour management, which is embedded in our software."

EnviroSuite Limited
T: +61-7-3004-6400
E: enquiries@envirosuite.com
WWW: www.envirosuite.com

Alt Resources Ltd (ASX:ARS) Corporate Presentation May 16 2018

$
0
0
Alt Resources Ltd (ASX:ARS) an ASX-listed gold and base metals explorer with tight capital structure - market cap including ~ $10.8 M, provide the Corporate Presentation May 16 2018

Assets include:

- Bottle Creek Gold Project - Option to Buy 100%

- Mt Ida South and Quinn's - Alt 100%

- Paupong gold and base metal project, Lachlan - Orogen NSW (Alt owns 70% with option to take to 100%)

- Mt Roberts gold project, Leinster Alt 51% E 36/843 Leinster 100% Alt

- Myalla massive sulphide project, NSW (Alt owns 70% with option to take to 100%)

To view the presentation, please visit:
http://abnnewswire.net/lnk/8MH9S680

James Anderson
CEO Alt Resources Ltd
E: james.anderson@altresources.com.au

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

Lithium Power International Ltd (ASX:LPI) Update - Argentine Lithium Sale

$
0
0
Lithium Power International Limited (ASX:LPI) ("LPI" or "the Company") provides an update on the status of the sale of its Argentinian lithium brine project situated in the Centenario Salar to Centenario Lithium Limited ("the Purchaser") ("the Transaction").

As announced on 2 May 2018, the completion date of the Transaction was extended from 30 April 2018 to 14 May 2018.

The Company and the Purchaser have now agreed a further extension to 14 June 2018.

On completion, the Purchaser will be required to pay A$3M to the Company or up to A$3.25M in cash and shares in the Purchaser if the Company elects to receive a mix of cash and shares, as detailed below.

In conjunction with agreeing to extend the completion date of the Transaction, the parties have agreed that:

- the Purchaser paid on the 15th May 2018 to LPI an amount of A$120,000 as reimbursement for certain expenses and A$25,000 in additional legal fees in connection with the Transaction;

- up to 50% of the completion payment may be paid by the issue of shares in the Purchaser, at the election of the Company. The remainder of the purchase price (no less than 50%) must be settled by the payment of cash to the Company. If the Company elects to receive shares, the issue price will be the share price at which the Purchaser undertakes its next private capital raising;

- LPI has the right to accept 100% cash at completion; and

- in addition, the Purchaser will issue 1.25 million shares to the Company at an issue price of $0.10 per share, for the Company allowing this extension.

Exploration Update

The Company has commenced gravity and electromagnetic geophysical surveys over the Centenario project in May 2018. The Company has engaged Quantec Geoscience Argentina SA to carry out this work. The cost of the geophysical survey work has been reimbursed by the Purchaser.

Martin C Holland - CEO
Lithium Power International
E: info@lithiumpowerinternational.com
T: +61-2-9276-1245
www.lithiumpowerinternational.com
Twitter: @LithiumPowerLPI

Thundelarra Ltd (ASX:THX) Mining 121 Conference Presentation - London

$
0
0
Thundelarra Ltd (ASX:THX) CEO Tony Lofthouse will deliver a presentation on Thursday 17 May 2018 at the Mining 121 Conference being held in London from the 17th to the 18th May 2018.

The presentation provides updates on the results from the recent successful drilling programme at Garden Gully and on exploration that is underway at Red Bore.

Please view the presentation below, or alternatively on the Company's website:
http://www.thundelarra.com.au

To view the presentation, please visit:
http://abnnewswire.net/lnk/L29J499I

Mr Tony Lofthouse
Chief Executive Officer
Telephone: +61-8-9389-6927
Email: info@thundelarra.com.au
Website: www.thundelarra.com

Anatara Lifesciences Ltd (ASX:ANR) Investor Presentation on Zoetis Exclusive Global License

$
0
0
Anatara Lifesciences (ASX:ANR) is pleased to release a new investor presentation following the announcement that Anatara had established an exclusive licensing agreement with Zoetis Inc., the leading global animal health company, for the worldwide development, manufacture, distribution and marketing of Detach(R) as a non-antibiotic approach to aid in the control of diarrhoeal disease (known as scour) in livestock and in horses.

Key points:

- Anatara releases investor presentation containing structure and terms of its recently announced exclusive global license agreement for lead product, Detach(R) with Zoetis Inc., the leading global animal health company

The investor presentation includes additional information on the structure of the agreement, including the deal terms for up front payments and milestones, and the expected royalty range on product sales.

About Zoetis

Zoetis is the leading animal health company, dedicated to supporting its customers and their businesses. Building on more than 60 years of experience in animal health, Zoetis discovers, develops, manufactures and markets veterinary vaccines and medicines, complemented by diagnostic products, genetic tests, biodevices and a range of services. Zoetis serves veterinarians, livestock producers and people who raise and care for farm and companion animals with sales of its products in more than 100 countries. In 2017, the company generated annual revenue of $5.3 billion with approximately 9,000 employees. For more information, visit www.zoetis.com.

To view the presentation, please visit:
http://abnnewswire.net/lnk/N411A524

General inquiries: 
Investor Relations - Anatara Lifesciences
Phone: +61-7-3394-8202
Email: info@anatara.com

Media inquiries:
Jane Lowe
Managing Director, IR Department
Phone: +61-411-117-774
Email: jane.lowe@irdepartment.com.au

Speedcast International Ltd (ASX:SDA) Closes New 7-Year US$425 Million Syndicated US Term Loan and 5-Year US$100 Million Revolving Credit Facility

$
0
0
Speedcast International Limited (ASX:SDA), the world's most trusted provider of remote communication and IT services, announced the completion of its US$425 million Senior Secured Credit Facility and of its new 5-year US$100 million Senior Secured Revolving Credit Facility.

Speedcast's previous bank loans, which included a 3-year US$425 million Senior Secured Bank Loan and a US$20 million Senior Secured Revolving Credit Facility, were concurrently repaid and cancelled.

With this new financing in place Speedcast now benefits from an extended maturity profile, lower cost of debt and improved operational flexibility.

Clive Cuthell
Chief Financial Officer
Speedcast International Ltd
E: clive.cuthell@speedcast.com
M: +61-432-129-664

Anatara Lifesciences Ltd (ASX:ANR) CEO, Dr Mel Bridges Announces Retirement

$
0
0
Anatara Lifesciences Ltd (ASX:ANR) announces that Executive Chairman, Dr Mel Bridges has informed the Board of his wish to retire from his role at Anatara with immediate effect and the Board has formally accepted his resignation.

As a result, the following actions have been taken:

- Dr Jay Hetzel, Non-Executive Director has been appointed Interim Chairman

- Dr Tracie Ramsdale, Executive Director has been appointed Interim CEO

- Mr Iain Ross and Mr Paul Grujic will continue as Non-Executive directors

With the planned change of focus toward developing the Company's human pipeline in gastrointestinal health, a search has commenced to augment the Board with further expertise in this area.

Dr Jay Hetzel, Interim Chairman said, "We respect Mel's decision and want to thank him for his leadership of the Company, culminating in the announcement earlier this week of the license deal with Zoetis. It has been Mel's goal to secure a worldwide animal health development partner and he has passionately driven this initiative over the last three years. We sincerely wish him well and thank him for his immense contributions as a founder, Chairman, CEO and substantial shareholder."

Dr Mel Bridges stated, "After 40 years of corporate history, this has been a challenging role with positive outcomes for shareholders and this is a suitable time for me to leave knowing that the Company is in good hands with a corporate team that can take the company forward to the next level, focusing on human health. While I do have a background in human health, my most recent experience lies in animal health, and I am comfortable knowing that this work will be carried on by Zoetis. It has been a pleasure being part of the Anatara team and I am proud of all that we have accomplished. I leave knowing that the Anatara Lifesciences' team will carry on the company's positive legacy."

Further shareholder updates will be provided in due course.

General inquiries: 
Investor Relations - Anatara Lifesciences
T: +61-7-3394-8202
E: info@anatara.com

Media inquiries:
Jane Lowe
Managing Director, IR Department
T: +61-411-117-774
E: jane.lowe@irdepartment.com.au

Carnarvon Petroleum Limited (ASX:CVN) Phoenix South-3 Drilling Update

$
0
0
Carnarvon Petroleum Limited ("Carnarvon") (ASX:CVN) (OTCMKTS:CVONF) is pleased to provide the following update on the drilling of the Phoenix South-3.

Progress

The 17 1/2" hole has been drilled down to a depth of 3,733 metres Measured Depth.

Current Operations

The rig is currently setting the 13 5/8" casing in place.

Forward Plan

After setting and cementing the 13 5/8" casing, operations will continue with drilling in 12 1/4" hole and concurrently opening to 14 3/4" diameter. Opening the hole diameter allows for an additional casing string to be run over the Hove, prior to drilling the Caley objective in 8 1/2" hole. The Caley is expected to be intersected at a depth of approximately 5,300 metres.

Well Objective

The primary objective for the Phoenix South-3 well is to evaluate the gas and condensate potential of the Caley Member within a large, faulted anti-clinal closure that was partially penetrated with the Phoenix South-2 well.

Phoenix South-2 encountered gas and condensate in the Caley Member but was unable to drill through and evaluate the formation. The Phoenix South-3 well has been optimally designed to penetrate and evaluate the hydrocarbon bearing formations of the Caley Member.

Phoenix South-3 is located around 560 metres North-North East of the Phoenix South-2 well. The well will target a closure that is estimated by Carnarvon to contain a gross mean recoverable prospective resource of 489 Bscf of gas and 57 million barrels of associated condensate (being 143 million barrels of oil equivalent ("boe"), gross, Pmean) - Refer to ASX Announcement on 23 April 2018.

Prospective Resources are the estimated quantities of petroleum that may potentially be recovered by the application of a future development project and may relate to undiscovered accumulations. These prospective resource estimates have an associated risk of discovery and risk of development. Further exploration and appraisal (including this well) is required to determine the existence of a significant quantity of potentially moveable hydrocarbons.
 
Project equity Owners: 

Carnarvon Petroleum           20% 

Quadrant Energy (Operator)    80% 

To view figures, please visit:
http://abnnewswire.net/lnk/33G31P36

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

Cervantes Corporation Limited (ASX:CVS) Notice of General Meeting and Chairman's Letter

$
0
0
The Board of Cervantes Corporation Limited (ASX:CVS) has great pleasure in advising that the Company raised $281,397 from a placement in April 2018 as previously announced to the market, allowing the Company to pursue its current exploration programs and other activities.

CHAIRMAN'S LETTER

Cervantes as a result has applied for three new Prospecting licences on the western side of the main Primrose Project area, and acquired two new prospecting licences on the eastern side of the project area around the Pansy Pit, to expand its footprint in the area for Gold and base metals. Cervantes is now entitled to the base metal rights on a considerable number of its permits and the effect of this will be the subject of further releases in the near future.

Cervantes has now completed the re-drilling of the Albury Heath Project south east of Meekatharra, and the results of this program will be released as soon as possible. The hope is that the new drilling program and onsite review of the surrounding permits owned by Cervantes, by our exploration manager Marcus Flis, will support the historical drilling results previously released, add additional tonnages, and geological data for discovery of similar structures in the immediate area.

Cervantes has also commenced the re-drilling of the Pansy Pit as well as Air Core drill sampling of the Primrose Shear. This shear is a prime untested target for a large tonnage gold host as outlined in the Company's March 2018 Quarterly Activity Report announced on 30 April 2018.

Soil sampling has been completed on the Abbotts Project north-west of Meekatharra. Abbotts adjoins the northern boundary of Thundelarra's successful gold exploration project at Garden Gulley. Results will be released in due course when assaying has been completed and assessed. Additional Soil sampling was carried out on a large exploration licence Cervantes acquired approximately 12 months ago called Deep Well. Whilst this is not a priority target it will assist in understanding any potential exploration targets outside of the main project area now referred to as the Primrose Project. The EL hosts the northern extension of the Primrose Shear.

Cervantes is seeking shareholders support to ratify the prior issue of shares and options of 40,199,593 fully paid ordinary shares and 13,399,864 free attaching options placed to professional investors under ASX Listing Rule 7.1 to raise $281,397 on the 6th April 2018.

Your Board is also seeking approval to place up to 25m fully paid ordinary shares together with 1 free attaching option for every two shares placed on terms and conditions as outlined in the explanatory statement.

These facilities will be used if and when required for any additional funds to further progress the company's exploration activities and for working capital.

The Board looks forward to bringing you and the market further releases on our very active drilling and exploration programs on this Historic Goldfield, some of which are already completed and others are underway. Shareholders are invited to attend and review, and ask questions on the exploration programs to date.

To view the release, please visit:
http://abnnewswire.net/lnk/7F66W7IM

Collin Vost
Executive Chairman
T: +61-8-6436-2300
E: cvost@cervantescorp.com.au

Speedcast International Ltd (ASX:SDA) 2018 AGM - CEO Presentation to Shareholders

$
0
0
Speedcast International Ltd (ASX:SDA) provides the Company's CEO Presentation to Shareholders.

Speedcast: The Leading Global Remote Communication Provider

- 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

FY 2018 Outlook

- Stronger organic growth, despite continuing slow offshore sector

- Full-year impact of UltiSat acquisition (only 2 months in CY17)

- Slight EBITDA margin dilution due to the acquisition of UltiSat and the NBN project set-up

- Harris CapRock integration to deliver more than US$30m in cost synergies

- Capex expected to increase with sizeable new projects in Energy, Maritime and cellular backhaul

- Management comfortable with the current equity market sell-side analysts1 2018 EBITDA consensus (-US$155m)

To view the full presentation, please visit:
http://abnnewswire.net/lnk/K17JZYQ7

Public Relations and Marketing:

Toni Lee Rudnicki
Vice President, Global Marketing
Speedcast International Ltd
E: tonilee.rudnicki@speedcast.com
T: +1-832-668-2634

Investors:

Ian Baldwin
Chief Financial Officer
Speedcast International Ltd
E: Ian.Baldwin@speedcast.com
T: +61-2-9086-2785

WiseTech Global (ASX:WTC) Acquires Turkish Logistics and Customs Solutions Provider, Ulukom

$
0
0
WiseTech Global (ASX:WTC) (OTCMKTS:WTCHF) today announced the acquisition of Ulukom, a leading logistics and customs solutions provider in Turkey.

Headquartered in Istanbul, Ulukom offers a range of logistics, customs, freight forwarding and warehouse solutions included in its Logistics Information Management System, which is designed to carry out financial and operational transactions on an integrated platform. Ulukom's customers include MSC, Maersk, CMA-CGM, APL, Çelebi Ground Handling, Arkas Line, ONE, Panalpina and CEVA Logistics, and many other logistics providers and organisations.

WiseTech Global Founder and CEO, Richard White, said "As the bridge between Europe, the Middle East and Asia, and one of the EU's largest trading partners, Turkey has long been a key market in the region and globally. Ulukom brings valuable experience, management and industry knowledge to the WiseTech Global group, which will deepen our reach in this important Eurasian market. Combining Ulukom's Turkish logistics and customs expertise with our wider global innovation capabilities will help deliver better solutions to more logistics service providers."

Since 1987, Ulukom has delivered industry breakthroughs to the Turkish market including the first e-signature and mobile-based cargo manifest and detailed customs declaration, Turkey's first ERP for port and ship transit agencies and Turkey's first ERP with vehicle load and route optimization.

Ulukom's Managing Director, Erkin Findik, said "We have a shared vision with WiseTech to build out logistics and customs solutions that will enhance the supply chain and improve trade. As part of the WiseTech Global group we will be able to increase our development and deliver even higher productivity, integrated and automated solutions to our customers, which will benefit the broader Turkish market."

Ulukom's R&D Director, Ilker Pakten, said "Ulukom has over three decades of logistics and customs management experience which combined with the WiseTech Global group will create benefits for logistics service customers of all sizes in Turkey and the surrounding markets in this region."

Remaining under the leadership of Ilker Pakten and Erkin Findik, Ulukom's operations will be integrated within the WiseTech Global group and Ulukom will continue to deliver its software solutions directly to its own customers, along with WiseTech's integrated global logistics platform, CargoWise One.

CargoWise One enables logistics service providers to execute highly complex transactions in areas such as freight forwarding, customs clearance, warehousing, shipping, tracking, land transport, ecommerce, 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 France, Belgium, Ireland, North America, Australasia, Italy, Germany, the Netherlands, Argentina, Brazil, Uruguay and Taiwan, 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 Ulukom (Ulukom Bilgisayar Yazilim Donanim Danismanlik ve Ticaret AS)

For over 30 years, Ulukom has been a leading provider of logistics, warehouse and customs management solutions in Turkey. Ulukom's software automates critical business processes, increases staff productivity and operates according to international industry and regulatory requirements. With a team of 35 experienced logistics and technical professionals, Ulukom provides advanced software solutions for customers ranging from carriers, logistics providers and agents to multinational 3PL companies including MSC, Maersk, CMA-CGM, APL, Çelebi Ground Handling, Arkas Line, ONE, Panalpina and CEVA Logistics and many other organisations.

For more information about Ulukom, visit http://www.ulukom.com.tr

Media
Piers Shervington
T: +61-404-538-177
E: piers.shervington@wisetechglobal.com
Viewing all 12690 articles
Browse latest View live




Latest Images