Financial Press » FP Exclusives http://financialpress.com Breaking Business, Financial & Economic News Headlines Sat, 19 Apr 2014 07:59:22 +0000 en-US hourly 1 The Wolf of Wall Street, Jordan Belfort to Appear Live in Vancouver May 1st 2014 http://financialpress.com/2014/04/17/the-wolf-of-wall-street-jordan-belfort-to-appear-live-in-vancouver-may-1st-2014/ http://financialpress.com/2014/04/17/the-wolf-of-wall-street-jordan-belfort-to-appear-live-in-vancouver-may-1st-2014/#comments Thu, 17 Apr 2014 17:47:31 +0000 http://financialpress.com/?p=27857 He Reveals the ‘Straight Line Persuasion Sales System’ in One Unforgettable Event

Financial Press, (www.financialpress.com) the leader in delivering breaking global business and economic news is pleased to announce that Jordan Belfort, the Real Wolf of Wall Street, will kick off his four-city cross-Canada sales training tour in Vancouver, May 1st 2014, 1pm to 4pm at the Vancouver Trade and Convention Center.

Financial Press is pleased to offer a significant discount opportunity (save up to $100) to our readers for any of the four shows across Canada.

For General Admission tickets, use promo code FP20. For VIP tickets, the promo code is FP-VIP. Tickets may be purchased on line at www.wolfofwallstreet.ca.

More details about Jordan Belfort’s Straight Line Sales System follow FP’s exclusive interview with “The Wolf of Wall Street.”

Financial Press‘ Exclusive Interview with Jordan Belfort, The Wolf of Wall Street on April 15th 2014.

In an exclusive and wide ranging interview with Jordan Belfort, Mark Chadwick, President of Financial Press in Vancouver and Bob Beaty, Managing Editor asked the Wolf of Wall Street about his life then and now, mistakes in the movie, what makes a good salesman and how The Straight Line Sales System got its name.

FP: Welcome Jordan. Thanks for taking the time. Let’s dig right in. Have you ever been to Vancouver or Canada? As a result of your experience, do you have any sense of the differences in the sales process here versus the US?

JB: I was in Canada once when I was younger, but I’ve never been to Vancouver As far as a difference in sales process, it doesn’t matter. Sales are sales and influence is influence. I’ve taught sales all over the world and fundamental rules of sales apply. That is that certain things have to line up in a person’s mind before they say yes. There are cultural differences of course with tonality etc., and the sales cycle may be longer or shorter, but there is no difference in sales people no matter where they are from.

FP: Your experiences could be categorized as the ultimate business ‘teachable moment.’ What changes have resulted both personally and professionally?      

JB: There’s so much to learn from what I did. The ability to take a risk, start from nothing and build something from scratch that is so dynamic and makes so much money for the people at the company. The secret was to take 20-something aged kids who hadn’t been brought up with any empowerment. They had been conditioned for mediocrity. By constantly teaching them through daily interaction and the Straight Line System I was able to completely rewrite their beliefs about what they thought they were capable of, including the skills to bring that empowerment to reality. I taught them the right skill set as opposed to most sales training, which is heavily motivational. Motivation without skills training becomes self-delusional.

The teachable moment is that through the skill set training combined with motivation about ethics, beliefs and raising their standards was the basis then and the basis now for what I am doing now. You need to succeed in not only business, but also life.

My issue was the desire for instant gratification, which caused me to lose my ethics. Couple that with rationalizing behaviour shown to me by others that poisoned the whole thing. As a result, a successful company that should have been in business today got destroyed.

Success in the absence of ethics and integrity isn’t success at all and you are building your foundation on sand.

FP: What are the characteristics you would look for if you were hiring sales people today?

JB: I would hire inexperienced sales people. One of the things I do really well is train sales people. I can take an average person with desire and turn them into a world-class salesman very quickly. I would rather mold people who become loyal, which in turn allows you to build a quality organization for the long term. There are two fundamental rules when you’re a salesman or entrepreneur. Number one: Don’t sell people things that aren’t going to help them. Don’t make a sale to make a sale. Address their pain in all of its definitions. Second, don’t sell them more than what they need just because you’ll make more money. That’s not grounded in integrity or the way to build a longtime relationship.

The other factor to successful sales people is the culture created by management. Taking massive amounts of drugs and having midget-pitching competitions are probably not the best way to build a corporate cultural and be on the right side of humanity as a whole.

I would do the whole thing differently. I would institute charitable pursuits, work with foundations. I would ground the culture with integrity and give value.

FP: When you were running your firm, did you ever meet a better salesman than yourself?

JB: I’ve never met a better salesman than me. I met some really good ones along the way and I think the top ones I’ve met said “I always thought I was the best salesman in the world until I met you.”

FP: Considering what you have been through are you able to achieve any sort of work/life balance?

JB: It’s not so much that my work/life balance was out of whack; my life was out of whack. When I was not at work, I was completely insane. I look back and I have to laugh at that aspect of my life because I was only really hurting myself. I would go out every night, do massive quantities of drugs, and did my best dating after I got married. It was not a sustainable lifestyle.

My life today is so incredibly different. Now I’m a homebody whose biggest pleasure is playing tennis every morning. When you’re not doing drugs, it paves the way for a more sustainable healthy lifestyle.

FP: If you had directed the movie, what would you have done differently?

JB: There were some things on the business side that were pretty inaccurate. There were some lessons that could have been learned that weren’t and I try to correct those when I speak around the world. First was when I am sitting in the restaurant, new to Wall Street and the Matthew McConaughey character offers me booze and blow. I decline and the very next scene I am in a strip club drinking and doing blow. That descent actually took 2-3 years. I would have rather seen that process take longer than 3 minutes. The reality is people lose their ethics and integrity incrementally. The next is when I walked into the penny stock firm for the first time. The manager, when my character asked him if this was legal, he responded ‘sort of’. If that had happened I would have run out the door. In reality, I was told ‘of course its legal.” People employ their own moral barometer in those situations. Just because someone says something is legal and there are licenses on the wall doesn’t mean it is all true.

The other is the ‘sell them NYSE stock and then sell them dog-shit’ speech. I never said anything like that. If you’re looking to motivate people to sell stock, you’re not going to tell them they are selling dog shit. No one wants to sell dog shit. The thought that I ever said that is ridiculous. That was Marty’s call (Martin Scorsese) but it did cause me some problems as it completely and wildly inaccurate. And I didn’t give anyone the finger while I was on the phone. That won’t motivate a sales force.

And I never punched my wife in the stomach. Never ever happened.

FP: Where will Jordan Belfort be in five years?

JB: It’s very hard to say where I will be personally. The last several months have resulted in some personal and relationship turmoil, so hard to say. And my days of running around are certainly over.

On a business level, there’s no doubt that the movie has created an opportunity for me to spread a really great message around the world; particularly to empower people in numbers I could have never done before. The end of the movie was actually changed to show my new life. My message is no different than previously, just better known as a result of the movie.

I also work with entrepreneurs. My message isn’t just about sales, although every person needs to learn how to sell on some level: parents, politicians, lawyers to a jury etc. Entrepreneurs need to sell their vision and communicate to empower their people.

FP: What do you want people to take away from the Straight Line System and why the name?

JB: The name came from the fact that I when I was trying to train salesmen how to close large deals with wealthy clients. They couldn’t do it. And even though I was already considered one of the top sales trainers, I tried everything. So the enigma was having a group of 12 not so bright sales people trying to sell to the 1%. I was faced with a seemingly impossible task; to convince people who weren’t worldly to talk to wealthy investors and successful business people. Finally one day, out of sheer frustration, I looked at them and said, “Don’t you get it? Every sales the same, it’s a straight line. I drew a long thin straight line on the board and then over the next couple of months, the system exploded out of me. Within days of refining this almost automatic writing type of developing the system, the trainees all became world-class closers. It was bizarre. If I had used that process earlier and differently, my story would have ended very differently.

FB: Thanks Jordan, we look forward to seeing you in Vancouver on May 1st as you kick off your dates here, Calgary, Toronto and Montreal.

Details and tickets are available at www.wolfofwallstreet.ca. And readers can use our discount codes for any date or city; FP20 for regular tickets and FP-VIP for VIP tickets.

Details of Jordan Belfort’s The Straight Line System 

Jordan is committed to showing sales professional and entrepreneurs how they can ethically replicate his strategies for massive success without having to endure his punishing failures.

“Information is power both in business and life”, states Belfort.” My Straight Line System will ensure that sales professionals of all industries will learn my in-depth program, which I have no doubt will put them at the top of their game and increase income several fold.”

It goes without saying, if you are a sales professional, you cannot miss this one-time event.

The Straight Line Persuasion System will ethically show attendees how to increase sales, design a powerful vision for their business, how to use the most powerful business system devised and learn strategies and psychology to thrive in today’s economy, including:

  • The FOUR core elements of the inner game of sales. (These four elements are absolutely essential to your success. If you lack even one of them, you will end up actually sabotaging your own success!)
  • How to get into instant rapport with your prospects and how to use that rapport to gather massive intelligence. (Your prospects will be predisposed to trusting you, so they’ll tell you what their highest values are and where their pain lies.)
  • The ten-step formula for building a never-ending stream of customer referrals and creating customers for life. (You’ll make your life a thousand times easier with this proven, paint-by-numbers formula)
  • The four key elements to creating ethical presentations that actually close the deal. (To be blunt, most sales presentations are totally misguided and actually stop you from closing the deal.)

Jordan has many more worthy strategies to take your sales volume and entrepreneurial ideas to the next level and well beyond; such as how to raise money through Venture Capital and Angel Investors so you can start using Other People’s Money to fund your ideas and grow your business.

Join Jordan Belfort and Financial Press (www.financialpress.com) on May 1st in Vancouver or across Canada.

For General admission tickets, use promo code FP20. For VIP tickets, the promo code is FP-VIP. Tickets may be purchased on line at www.wolfofwallstreet.ca.

Financial Press is pleased to offer a significant discount opportunity (save up to $100) to our readers for any of the four shows across Canada.

Financial Press:
1-877-750-5510
advertising@financialpress.com

]]>
http://financialpress.com/2014/04/17/the-wolf-of-wall-street-jordan-belfort-to-appear-live-in-vancouver-may-1st-2014/feed/ 0
China Builds Massive Stockpile of Uranium http://financialpress.com/2014/04/16/china-builds-massive-stockpile-of-uranium/ http://financialpress.com/2014/04/16/china-builds-massive-stockpile-of-uranium/#comments Wed, 16 Apr 2014 15:05:11 +0000 http://financialpress.com/?p=27846 Fission 3.0 and Brades JV Identifies Anomaly Cluster

Vancouver, B.C. – China Resources Quarterly reported that China’s uranium imports surged to historical levels in 2013.  China purchased the nuclear fuel at fire-sale prices in anticipation of supply shortages later in the decade. Total 2013 uranium imports into China reached $2.39 billion.

Canada, the world’s second largest natural uranium producer, commenced shipping natural uranium to China in 2012.

“In the future, the Athabasca Basin [in Saskatchewan Canada] will be the biggest source of uranium for the whole world,” stated Uranium Guru Thomas Drolet in a recent interview with Financial Press.

The Athabasca Basin hosts the world’s richest uranium deposits. Fission Uranium (FCU-TSX.V) recently reported a sequence of spectacular drill results at the Patterson Lake South property sending its stock price up 175% in 12 months.

Fission’s industry-leading Technical Team is now developing Fission 3.0.’s (FUU-TSX.V) Clearwater West property with Brades Resource Corp (BRA-TSX.V) in the same uranium basin.

On April 15, 2014 the Fission 3.0 and Brades joint venture announced the results of a high resolution magnetic survey and Fission 3.0’s patent-pending radiometric airborne survey. The property scale survey identified a clustering of radiometric anomalies which are now prioritized for ground prospecting follow up in the summer of 2014.

“The operators at Clearwater West are the most successful technical team in the Athabasca basin,” stated Brian Biles, Director of Brades in an exclusive interview with Financial Press, “They have had two major discoveries in the last three years. It’s a phenomenal deal for Brades shareholders.  To earn a 50% interest, we are required to spend $700,000 in the first year, $2 million the second year, and $2.3 million in year three.”

A property scale airborne VTEM survey, designed to identify basement EM conductors, has also been completed and analysis and interpretation is in progress.

“All the money we spend will go into the ground as there are no property payments. This makes it very attractive to investors,” stated Biles, “As well as completing the radiometric and VTEM survey, ground work and sampling will follow to identify potential boulder fields and outcrops. The spring/summer program of prospecting and mapping is something we would all like to see completed.”

Fission’s Chief Geologist, Ross McElroy, has been instrumental in four of the last nine major uranium discoveries in the Athabasca Basin. He was also awarded the PDAC 2014 Bill Dennis Award for Exploration Success and was named “Mining Person of the Year 2013” by The Northern Miner, one of the industry’s leading mining publications.

bra_map

“These results represent a very promising start to the first year of exploration at Clearwater West,” confirmed McElroy, “It’s becoming increasing clear that this is a highly prospective project.”

The airborne high resolution magnetic and radiometric survey was flown at 50m line spacing for a total of 5,447 line-km.  It is the same technology used to find the Patterson Lake South discovery just 12 kilometers to the North. In that case, the survey identified clustered radiometric anomalies that led to the discovery of the high-grade boulder field through ground prospecting.

“The Fission 3.0 Technical team is very aggressive,” explains Biles, “There’s no doubt that we’re excited to be working with them.  Brades’ responsibility is to finance the work program.”

“Our property is right beside Fission Uranium’s property which hosts a major shallow depth, high-grade uranium discovery.  There is a lot of activity in the area.  There is a big fold that runs through the middle of the Clearwater property. That is why it was staked.  Historical work on the property has revealed conductors which often point to uranium mineralization.”

The radiometric anomalies on the Clearwater West property are concentrated in the eastern 10km of the property.  The clustering of anomalies could represent an expression of a boulder field of glacial origin, or an outcrop source.  Follow-up prospecting and mapping of these anomalies are currently under review.

Major mines in the Athabasca Basin include McArthur River (16.5% U3O8), Maclean Lake (50 million lbs produced), Rabbit Lake (186 million lbs produced), Cigar Lake (22.3% U3O8), Cluff lake (60 million lbs produced).

Brades also has a large, strategically located property at Lorne Lake in the Athabasca Basin and a gold project in British Columbia.

“Brades Resources is not re-inventing the wheel here,” stated Biles, “Fission Uranium has had a tremendous success to the north of us. It is significant that their team wants to explore for uranium on the Clearwater property.”

Brades is currently trading at .15 with a market capitalization of $2.9 million.

Legal Disclaimer/Disclosure:A fee has been paid for the production and distribution of this Report. This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. No information in this article should be construed as individualized investment advice. A licensed financial advisor should be consulted prior to making any investment decision. Financial Press makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of the author’s only and are subject to change without notice. Financial Press assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this article and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Furthermore, we assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information, provided within this article.

Also, please note that republishing of this article in its entirety is permitted as long as attribution and a back link to FinancialPress.com are provided. Thank you.

Brades Resource Corp
Suite 202
837 West Hastings
Vancouver, BC
Canada V6C 3N6
For Investment or any other questions please call Brian at 604 687 7742
brian@bradesresource.com

]]>
http://financialpress.com/2014/04/16/china-builds-massive-stockpile-of-uranium/feed/ 0
How to Save the World One Nuclear Reactor at a Time http://financialpress.com/2014/04/10/how-to-save-the-world-one-nuclear-reactor-at-a-time/ http://financialpress.com/2014/04/10/how-to-save-the-world-one-nuclear-reactor-at-a-time/#comments Thu, 10 Apr 2014 16:49:26 +0000 http://financialpress.com/?p=27777 Azincourt Advances Two Uranium Projects

Vancouver, B.C. – The U.S. Energy Information Administration (EIA) has projected that global energy use will increase 56% in the next 30 years.

Until we can economically harness the power of the tides, nuclear energy is destined to be the world’s environmental saviour.

Where will we get our uranium?

In the future, the Athabasca Basin will be the biggest source of uranium for the whole world”, stated Uranium Guru Thomas Drolet in a recent interview with Financial Press.

In 2013, Azincourt (AAZ-TSX.V) formed a joint venture with the Athabasca Basin’s leading exploration company, Fission Uranium to explore the highly prospective Patterson Lake North (PLN) property.

Last month, David A. Talbot, a senior uranium analyst with Dundee Capital Markets, initiated coverage on Azincourt with a “BUY, Venture Risk, No Target”.

We believe that investors should buy Azincourt Uranium for its prospectivity in the Athabasca Basin,” wrote Talbot. “It’s our opinion that PLN represents a top three location in the PLS discovery area, and this new player has one of the best technical teams drilling the ground.”

PLN is adjacent to Fission Uranium’s shallow depth, high-grade uranium discovery at Patterson Lake South. Fission Uranium’s spin out company, Fission 3.0 is the new partner and operator on this project, with the same technical and management team as Fission Uranium.

Azincourt will spend $12 million to earn a 50% interest on the Patterson Lake North Project (PLN),” stated Ian Stalker, Azincourt Chairman and Director in an exclusive interview with Financial Press. “This property is one that Fission Uranium picked up on the western site of the Athabasca basin in 2004 long before the land rush that followed the PLS discovery. It was acquired because of its potential for uranium mineralisation.”

Fission has made two major discoveries in the Athabasca Basin in the past 4 years and Fission’s Chief Geo, Ross McElroy has been instrumental in 4 of last 9 major discoveries in the area.

aaz_image

Fission Uranium liked PLN for technical reasons”, states Stalker, “They spent about $5 million proving up several targets. But before they could go any further, they had success at the J-Zone and then this incredible success with PLS – literally a stone’s throw away. You can stand at our border and see their drills turning.”

Once you have the tiger by the tail, there is no point in letting it go. Fission Uranium just kept on drilling on PLS, which has ended up being one of the best recent discoveries in the Athabasca basin.”

A year ago, Stalker set out to recruit a tenacious CEO who had the ability to drive a junior uranium company forward in a challenging market.

I was fortunate to find Ted O’Connor who had been working for Cameco assessing projects around the globe,” stated Stalker, “Ted was the perfect hands-on executive to manage the joint venture in the Athabasca basin – and our operations in Peru.”

Azincourt also has a 100% interest in a uranium project in the rapidly emerging Macusani region of Peru. The previous operator Minergia spent $12 million proving a considerable resource for discovery costs of just $.40 a pound. Through some savvy deal-making, AAZ acquired the resource for $.06 a pound. 

The Macusani asset has an NI 43-101 compliant U3O8 resource of 5.7 million pounds in the measured category, 12.5 million pounds indicated, 17.4 million pounds inferred – with a cut-off of 90.72 ppm (0.18 pounds/ton).Cash operating costs for other projects on the Macusani Plateau have been projected to average $20.57/lb U3O8.

Our challenges in Peru are fairly straight forward,” stated Stalker. “Peru has a mature mining culture and we are 100% owner of the property. There is no direct government ownership so that simplifies everything.”

Its Peruvian pounds give Azincourt optionality in a rising uranium price environment,” stated the Dundee Research Report.

We have been extremely busy with corporate activity in Peru and we haven’t aggressively marketed our NI 43-101 compliant pounds in the ground,” stated Stalker, “The fact is, the Peruvian numbers look very encouraging even in a depressed uranium market.”

Investors may not have the bandwidth to absorb a blue-sky story in the Athabasca Basin and a quick-to-production story in Peru. Like other companies with an embarrassment of riches, we may see Azincourt split into two companies which would likely benefit existing shareholders. Stalker acknowledges that there are formidable communications challenges operating two projects on two different continents.

We have completed about 2000 meters of drilling in the Athabasca Basin at PLN,” stated Stalker, “The prospectivity of the targets tested this winter was confirmed with the drill intersecting identical looking graphitic rocks, structure and alteration as those found along the now famous PLS discovery trend. Our latest financing ensures we will be able to drill through this summer/fall season on our previously identified targets. Based on the encouraging geology and quality target inventory, we do not wish to wait until next winter. We are going to try to proceed now testing targets that we’ve already developed.”

According to the World Nuclear Association, Global uranium demand will rise 48% by 2023.

China has 28 reactors under construction with five scheduled to be connected to the grid in 2014. After much hand-wringing, Japan has applied for 17 of the 48 shuttered reactors to be restarted.

Azincourt is currently trading at .21 with a market capitalisation of $10.1 million.

Legal Disclaimer/Disclosure:A fee has been paid for the production and distribution of this Report. This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. No information in this article should be construed as individualized investment advice. A licensed financial advisor should be consulted prior to making any investment decision. Financial Press makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of the author’s only and are subject to change without notice. Financial Press assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this article and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Furthermore, we assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information, provided within this article.

Also, please note that republishing of this article in its entirety is permitted as long as attribution and a back link to FinancialPress.com are provided. Thank you.

Azincourt Uranium Inc. (TSX-V: AAZ)
Suite 800 – 789 W.Pender Street
Vancouver, B.C. V6C 1H2
Toll-Free: 1-855-237-6274
Phone: 604-662-4955
Email: info@azincourturanium.com

]]>
http://financialpress.com/2014/04/10/how-to-save-the-world-one-nuclear-reactor-at-a-time/feed/ 0
Size Matters When Investing in Gold http://financialpress.com/2014/04/08/size-matters-when-investing-in-gold/ http://financialpress.com/2014/04/08/size-matters-when-investing-in-gold/#comments Tue, 08 Apr 2014 14:53:38 +0000 http://financialpress.com/?p=27755 Ecuador Gold and Copper’s 10 Million Ounce Gold Project Reaches Tipping Point

TORONTO, April 8, 2014  — The Central Bank of Iraq purchased 36 tonnes of gold in March 2014, worth approximately $1.5 billion. According to Iraqi bank officials, the gold buy was an effort to stabilise the exchange rate of the Iraqi dinar against the U.S. dollar.

Despite volatility in the spot price of gold, the long term macro-trend is up.

“Investing in natural resources and precious metals is attractive today because the sector is so much cheaper than it was three years ago,” stated Rick Rule, the Chairman of Sprott Global Resource Investments in a recent interview published on mining.com, “Many of the stocks are trading at a 90 percent discount to their prices in 2011. For a contrarian investor, I believe that we are seeing a historic opportunity now.”

There are numerous gold-focussed investment vehicles, but the biggest returns are likely to come from the early investment in a bulk gold project moving from development into production.

Ecuador Gold and Copper (TSX-V:EGX) is one of the largest of these global projects, which has not as yet been marketed aggressively to institutional buyers. EGX controls five deposits within the Condor Complex in Ecuador.

“The world wide average cost of discovery is $30-$35 per ounce,” states Glenn Laing, President and CEO of EGX in an exclusive interview with Financial Press. “At our discovery cost of $2-$3 an ounce, we are doing very well. Yes, it’s partly a function of the size of our deposit, but the fact is we have spent $27 million dollars in two years proving up 10.6 million ounces of gold. To achieve that you need a geological team that does not make mistakes. And that is what we have focussed on as a company. Being aggressive and not making mistakes.”

On March 24, 2014 EGX announced a significantly expanded resource estimate for the Santa Barbara South and North Zones. The company’s indicated and inferred gold resources in Ecuador increased 26% to 10.6 million ounces.

“We have reached a tipping point,” continues Laing. “The key take-away from the Phase 2 drilling program is the magnitude of our deposit. In the last decade there have only been 22 deposits discovered greater than 5 million ounces.”

Ecuador is one of the last mainly unexplored mining frontiers. With Colombia to the north, Peru to the south, the prolific Andes Mountains gold mineralization zone straddles all three countries.

The new copper indicated and inferred resources stand at 2.3 billion pounds.

Copper consumption in China is expected to increase by about 700,000 tonnes in 2014 from the previous year. According to the International Copper Study Group, the copper market had a 193,000 tonne deficit in 2013. The global refined copper market is expected to remain in deficit in 2014, likely pushing copper prices higher.

At current spot prices, EGX’s indicated metal-in-the ground is worth $12 billion – 670 times the current market capitalisation of the company.

Upside like this is usually accompanied by significant political risk, but Ecuador is a mature mining jurisdiction. Ecuador’s President, Rafael Correa, has a PhD in Economics from the University of Illinois. The country has strong mining ties to China.

EGX already has a joint venture with the Chinese Guangshou Group on its Chinapintza deposit. EGX retains a 30% interest in the 300 tonne-per-day gold operation while Guangshou funds the construction and development of the narrow vein, high grade deposit. Production is expected by the end of this year.

“As well as expanding the gold resource, Phase 2 drilling revealed that we have about 2.3 billion pounds of copper,” stated Laing, “Not a bad kicker for secondary metal.”

Laing is a former investment banker who has proven himself a savvy deal maker. Back in 2010, Laing picked up the Condor project for about $2.50/ounce in the ground: Forty times less than Kinross paid for their Ecuadorian Fruta del Norte gold asset on a per ounce basis.

The spot price of gold has climbed 10% in 2014, but is still 30% below its 2011 high of $1,895.

“There’s risk in the financial system that will drive gold much higher,” states Joseph Foster, manager of Van Eck International Investors Gold Fund, in a recent interview with Reuters. Foster believes that the current gold market is similar to the cyclical bear market of 1975–1976.

“Our outlook is based on the premise that there will be unintended and highly undesirable consequences of the massive printing of money by the Fed to buy debt securities,” stated Foster in a January 2014 market commentary.

The Condor Gold Project is positioned to benefit from Ecuador’s Delsitanisagua hydroelectric project, which will connect to Ecuador’s national transmission, ensuring an affordable supply of electricity to the Condor Gold Project.

“There is great synergy with our production timeline and this hydro-electric project,” confirms Laing, “The Ecuadorian government is fully committed to a massive upgrade to their hydroelectric system. The project is financed by the Chinese. And the power should come on line in 2018.”

The blue sky story for EGX is likely a take-out by a larger company. Recent South American precedents include Eike Batista’s 2011 $1.54 billion purchase of Ventana Gold. Ventana controls 3.5 million ounces of gold in Colombia.

High purchase prices reflect good economics of the underlying business. The Lagunas Norte Mine in Peru produced 606,000 ounces of gold in 2013 at all-in sustaining costs of $627 per ounce, generating a yearly profit of about $387 Million. Lagunas Norte has 3.75 proven and probably ounces of gold.

A Preliminary Economic Assessment (PEA) for EGX’S Santa Barbara deposit is scheduled for completion at the end of April, 2014.

“The expansion potential of the Condor project is huge,” states Laing, “So far we’ve focussed on 5 deposits. Additional projects could be complementary to Santa Barbara, or they could be stand alone. We’ll spend 2014 exploring our best targets in to prove up more resources for the Company. It is also our intention to move Los Cuyes and Soledad up the development pipeline.”

Recent municipal elections in Ecuador have maintained the status quo for EGX. “The incumbent mayors and prefects in our province were re-elected,” explains Laing, “so our relationships are all intact.”

Between August 2012 and January 2014 EGX completed 22,051 meters of new drilling on the Condor Gold Project concessions. Ten million ounces is a lot of gold to prove up in two years. Santa Barbara is the most exciting and undervalued advanced exploration project in South America. The freakishly low exploration cost of $2-$3 an ounce underlines the quality of the gold asset.

“We anticipate large groups coming in to try to purchase the project,” explains Laing, “We already have excellent Chinese partners in one of the deposits. Following the release of a Preliminary Economic Assessment (PEA) at the end of April, we anticipate intensified interest from international miners and financiers.”

With its $1.5 billion gold purchase, Iraq has joined a trend of swelling Central Bank gold reserves including United States (8,133 tonnes), France (2,435 tonnes), Italy (2,451 tonnes), China (1,054 tonnes), Switzerland (1,040 tonnes), Russia (1,034 tonnes), Japan (765 tonnes), Netherlands (612 tonnes) and India (557 Tonnes).

“The PEA will contain detailed geological and engineering data,” states Laing, “That data will enable a prospective buyer to estimate the cost of extraction. Based on our discovery costs, which are about ten times lower than industry average, we expect this to be a big, profitable mine. ”

EGX is currently trading at .07 with a modest market capitalisation of $15.53 million.

Legal Disclaimer/Disclosure:A fee has been paid for the production and distribution of this Report. This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. No information in this article should be construed as individualized investment advice. A licensed financial advisor should be consulted prior to making any investment decision. Financial Press makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of the author’s only and are subject to change without notice. Financial Press assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this article and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Furthermore, we assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information, provided within this article.

Also, please note that republishing of this article in its entirety is permitted as long as attribution and a back link to FinancialPress.com are provided. Thank you.

Ecuador Gold and Copper Corp.
5000 Yonge St. Suite 1901
Toronto, Ontario
M2N 7E9
Phone: 1-416-227-3402
Fax: 1-416-628-3801
]]>
http://financialpress.com/2014/04/08/size-matters-when-investing-in-gold/feed/ 0
MIT Holding Inc. Finds Opportunity in Affordable Care Act http://financialpress.com/2014/04/07/mit-holding-inc-finds-opportunity-in-affordable-care-act/ http://financialpress.com/2014/04/07/mit-holding-inc-finds-opportunity-in-affordable-care-act/#comments Mon, 07 Apr 2014 14:46:05 +0000 http://financialpress.com/?p=27748 Company Expects Large Revenue Growth Beginning This Year

SAVANNAH, Ga., April 7, 2014 — In 1789, Ben Franklin stated: “Our new Constitution is now established, and has an appearance that promises permanency; but in this world nothing can be said to be certain, except death and taxes.”

You can now add the Affordable Care Act (ACA) to Mr. Franklin’s list.

Driven by the demands of aging baby boomers and those forced to enroll in the Obama administration’s Affordable Care Act, the patient out of pocket costs are expected to rise exponentially. Without some major changes, everyone from doctors to hospitals to insurers–will be under increasing pressure to deliver their services more efficiently for less revenue, which will result in patient compassion falling to the wayside.

“With millions of additional people entering the market through the ACA the demands on the large hospital will be overwhelming, meaning that services will have to be outsourced to save money, MIT is standing by ready to help with the new influx of patients that need outpatient services”, stated Walter Drakeford, President and Chairman of MIT Holding Inc. (OTCQB:MITD) in an exclusive interview with Financial Press.

The challenge becomes delivering medical services at a lower cost. Medical infusion services are a perfect example. Following major surgery, or as a result of an illness, a patient may need to be infused with powerful medications over a period of three to four hours either daily or over an extended treatment plan. Currently costs to the healthcare system can reach $11 billion a year. Moving this therapy to the home or an alternate care facility, administered by appropriate professionals with a lower fixed cost, will be more cost-effective than the current inpatient treatment at a hospital.

Doctors, Clinics, Hospitals and other medical service facilities are desperately trying to figure out the ACA and the impact on their businesses. MIT has organized itself to begin acquiring these companies in a strategic manner that will build a national and global network of companies that handle the actual patient contact, either in home or in one of their facilities.

MIT Holding has three business services to offer: infusion services, compounding pharmaceuticals and durable medical equipment, with the main focus on patient care.

MIT is aware of the need for patient service and compassion. Mr. Drakeford notes; “We are more interested in the time we spend with the patient. The more we personalize our services to the patient; the more services that patient will use and benefit from. MIT intends to fill the extreme lack of ‘institutional’ confidence with highly qualified people licensed for any given service. These individuals will be trained in cross marketing our goods and services particularly if it is in the best interest of the patient physically, mentally and financially.”

Among many initiatives, MIT will become a leader in closed-door pharmacy operations. These businesses are pharmacies that deal with institutions as opposed to street level retail. Closed-door pharmacies service not only their patient base but also nursing homes, prisons, hospitals and assisted living facilities. Revenues range from $3-$15 million a year allowing MIT to maximize efficiency and profits while drastically lowering costs.

MIT has an ambitious growth strategy. Mr. Drakeford and his team have laid the groundwork for a successful roll out of their business plan. They have re-organized and hired a quality management team. When Mr. Drakeford took control of operations, the short-term goals were being met, putting the long-term goals on an accelerated track. He terminated a number of projects that were not allowing the company to grow profitably.

The Company is re-launching with revenues of around $2.5 million. Management feels that the current situation has the potential to double their sales this year even without acquisitions. The company is presently looking to acquire closed-door pharmacies, clinics or durable medical equipment outlets, which are financially profitable and well operated.

While there is competition in the market, MIT is not aware of anyone attempting its business model: interlocking services under one roof at a lower cost to enhance efficiencies and ultimately the shareholder value.

MIT is a unique company and provides an opportunity for investors because they have a business model that can provide the necessary medical services and equipment to families that rely solely on them for fast quality response times, low cost services and individualized patient care. When a mother needs help in order to feed her child, she can turn to MIT for immediate compassion and service to insure that her child is cared for unconditionally.

And if that isn’t reason enough for investors to take note, perhaps the Company’s latest guidance will help to convince. On March 13th, the Company released guidance, forecasting FY 2014 revenues could hit $10-$15 million with a 30% pretax profit.

Shares are currently trading at $0.17 with a modest market cap of $4.9 million.

For complete SEC Filings for MIT, please click here.

Legal Disclaimer/Disclosure:

A fee has been paid for the production and distribution of this Report. This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. No information in this article should be construed as individualized investment advice. A licensed financial advisor should be consulted prior to making any investment decision. Financial Press makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of the author’s only and are subject to change without notice. Financial Press assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this article and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Furthermore, we assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information, provided within this article.

Also, please note that republishing of this article in its entirety is permitted as long as attribution and a back link to FinancialPress.com are provided. Thank you.

MIT Holding, Inc
William Nalley
305-790-2688
]]>
http://financialpress.com/2014/04/07/mit-holding-inc-finds-opportunity-in-affordable-care-act/feed/ 0
Big Data Powers E-Commerce http://financialpress.com/2014/04/04/27710/ http://financialpress.com/2014/04/04/27710/#comments Fri, 04 Apr 2014 17:20:58 +0000 http://financialpress.com/?p=27710 Development Capital Group Merges With Clearance.co

Big Data denotes the capture, curation, storage and analysis of high velocity complex data sets, often involving social media, demographics or purchasing history. Integration of Big Data has become a vital component of meeting customer expectations on line. IBM just announced a $100 million investment in its “Big Data” driven customer experience technology.

“The last best experience that anyone has anywhere, becomes the minimum expectation for the experience they want everywhere,” stated Bridget van Kralingen, IBM Global Business Services senior vice president in a Bloomberg interview.

According to a 2013 Gartner Survey, Big Data investments continue to rise, with 64% of organizations investing or planning to invest in Big Data technology.

On April 3, 2014, the Development Capital Group (OTC:DLPM) announced that it had acquired Clearance.co – one of the world’s fastest growing start-up ecommerce websites. The all-stock transaction was for approximately $40 million.

Launched only in April 2013, Clearance.co was able to achieve over $150,000 on Cyber Monday, just seven months later.

“The mandate of the Development Capital Group is to invest in early stage companies that will benefit from our skill-set in scalable technology and big data,” explains Joseph Ricard, President of the Development Capital Group in an exclusive interview with Financial Press, “Clearance.co has been on our radar for a while. They came out of the starting blocks with solid numbers and then had a dramatic increase in users and sales.”

When Ricard met Clearance.co President Shahbod Rastegar in December of 2013, the company had just achieved its first million dollar sales month.

“The merger with the Development Capital Group creates an opportunity to raise capital and to accelerate our development and marketing strategies,” states Rastegar, “It also enables us to acquire companies.”

“I know the mobile space, marketing, bounce rates and how to get customers to come back,” states Ricard, “The merger will give Clearance access to capital and an injection of technical know-how. I believe Clearance.co will grow to over $100 million a year in sales.”

Clearance.co currently has 344,000 people who voluntarily entered their emails to become members of the site. Membership makes them eligible to make a purchase. Each day the company introduces new products with radical discounts. The promotional program emphasizes a shrinking time window to make these purchases.

dlpm_image

“Joseph Ricard is a significant value-add to our business model,” states Rastegar. “He understands big data. He is a blend of business and technology. It is quite rare to find people who are genuinely innovative in both areas. Our numbers at Clearance.co are growing fast without mobile, but Joseph’s expertise will help us explode into that space.”

Companies like Facebook, Dropbox and Twitter all have an Application Programming Interface (API) that allows 3rd party developers to integrate with their websites.  What Ricard does is stitch together multiple APIs to connect all this “Big Data”.

Ricard, through the Development Capital Group is currently Beta-testing a web-based application, Realty Valuator, marketed toward investors purchasing houses in the foreclosure market.

“I bought my first house for $50,000 cash and I rented it for $1,000 a month,” explains Ricard, “That’s a return of 20%. I thought, ‘What if I created an App that could pull data on rental rates, housing prices, zip codes, assessed value, list price etcetera and stitch it all together?’ So instead of buying a single house, I could buy a hundred houses with a click of a mouse. That is what Realty Valuator is about.”

“To grow Clearance.co you need to understand the metrics behind it,” states Rastegar, “which means the lifetime value of user. If you can understand that number, you can raise capital and acquire more users. That is what I am good at: understanding the metrics behind the user value and user conversion rates.”

Before negotiating the merger, Ricard did extensive due diligence on the Clearance.co metrics, their acquisition rates and how much they are generating from each user.

From the supplier’s point of view, Clearance.co provides a ready-made distribution channel to sell discounted excess inventory without muddling up the branding on the rest of their inventory.

“We’re not like Amazon that encompasses everyday products,” states Rastegar, “We are a specialized deeply discounted consumer site. We have a traffic friendly design. It is easy to view the product. Everything is transparent and clear and vibrant.”

“We negotiate with the suppliers to take control of their inventories of over-stocked items. You won’t find a 2014 Samsung TV on our site, but you might find a 2-year-old model at close-out price that is not available anywhere else. It’s an efficient, fast growing business and our margins are around 30%.”

“Clearance is making huge strides as a new ecommerce company,” states Ricard, “You are seeing a huge shift from retail to ecommerce. Additional growth will be apparent when we incorporate mobile platforms and integrate new advertising technology.”

The Development Capital Group is currently trading at .65 with a market capitalization of $17 million.

Legal Disclaimer/Disclosure:

A fee has been paid for the production and distribution of this Report. This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. No information in this article should be construed as individualized investment advice. A licensed financial advisor should be consulted prior to making any investment decision. Financial Press makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of the author’s only and are subject to change without notice. Financial Press assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this article and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Furthermore, we assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information, provided within this article.

Also, please note that republishing of this article in its entirety is permitted as long as attribution and a back link to FinancialPress.com are provided. Thank you.

Development Capital Group, Inc.
6815 Biscayne Blvd, Suite 619
Miami, FL 33138
+1-800-305-7090
http://www.DevelopmentCapital.com

]]>
http://financialpress.com/2014/04/04/27710/feed/ 0
Recreating Endeavour’s Success http://financialpress.com/2014/04/03/recreating-endeavours-success/ http://financialpress.com/2014/04/03/recreating-endeavours-success/#comments Thu, 03 Apr 2014 14:38:31 +0000 http://financialpress.com/?p=27701

Canarc Resource’s Poised to Add Producing Asset to Portfolio

VANCOUVER, British Columbia, April 3, 2014  — Investors don’t mind investing in a promising gold play. That said, certain caveats should be present, including a great potential property, a stellar management track record, and scalable growth as the property develops, ensuring that success isn’t dependent on just one play.

With the gold price bottoming in January at $1200, after a significant two-year correction, market activity has quickly returned with more M&A deals, money once again flowing into the sector and investors looking for exposure.

Canarc Resource Corp (TSX:CCM) (OTCBB:CRCUF) is such an opportunity. Besides having a great core property in its New Polaris Gold Mine in Northern BC, the Company just commenced the acquisition of Pan American Goldfields (OTCQX:MXOM) for their producing mine La Cieneguita in Mexico.

“Through organic growth and strategic acquisitions, we find, build and operate quality mines in a sustainable way to create real value for our stakeholders,” stated Catalin Chiloflischi, CEO of Canarc in an exclusive interview with Financial Press. “Pending closing of the current acquisition, Canarc will, as of June 30th, have a small producing mine with a large resource in Mexico and two BC properties; New Polaris gold mine project now ready for development and Windfall Hills, gold exploration project now ready for a Phase 1 drill program.”

There is another key piece to this story that should be of keen interest to junior mining investors that search out or more importantly require a quantifiable track record and good management teams.

Canarc Chairman and Founder Bradford Cooke is also CEO and Founder of Endeavour Silver, which could have a direct effect on the potential success of Canarc. Cooke took Endeavour from inception in 2003 to one of the fastest growing primary producers of silver worldwide, increasing production for nine consecutive years, with 6.8 million ounces of silver and 75,000 ounces of gold produced in 2013. Obviously repeating that scenario speaks well for the growth of Canarc especially with a producing mine soon potentially under their belt.

Given Endeavour’s successes in Mexico, the recent pending agreement Canarc struck with Pan American Gold Fields for their 80% interest in the latter’s 1.1M Measured and Indicated and 0.7 M Inferred oz Au Equivalent La Cieneguita Mine, appears to be a classic Cooke strategy.

After the deal closes, likely by June 2014, and La Cieneguita resources can be added to the New Polaris resources, Canarc will have M&I Au Eq of 1.65m oz and 1.34m oz Inferred. La Cieneguita produces at a current rate of 18k oz. AU Eq, generating roughly $20 million (2013 revenue).

Cooke States: “The successful business strategy we employed through building Endeavour into a $500 million-plus market cap company in less than a decade will be utilized in the growth and development of Canarc.”

The DNA of Canarc provides several benefits for ongoing growth. The 2011 PEA evidenced 2.2million tonnes at a 7gpt cutoff with a grade of 11.3 gpt. Canarc plans to produce 72,000 per year following a 3-4 year development schedule. A new feasibility study will include 15,000 meters of infill diamond drilling to upgrade resources to a level suitable for feasibility study use, environmental studies, government permitting and feasibility study. Operating costs were forecast at $481 per oz.

Previous New Polaris production yielded 230,000 oz. gold grading 0.35 oz/ton. Geological intel gives the property a 2-3 million oz. gold exploration potential.

La Cieneguita is currently producing 18k oz. Au Eq with 2013 revenue of $20 million. Immediate plans are to increase production in Phase 1 to 40-50k oz Au Eq over the next year and double again during Phase 2 expansion.

What makes Canarc unique to investors is the provenance brought by Cooke and his team allowing various projects to be developed and inter-related to produce a compelling gold play. With La Cieneguita throwing off production cash flow, which can be redeployed at New Polaris and Windfall Hills as well as looking for substantive new mining opportunities. And of course, continue to source complementary deposits. With plans to have production in Mexico up to 40-50k oz AU Eq by 2015, and further potential growth planned by 2016-17, the plan seems extremely solid.

The proposed business combination will maximize Cieneguita’s value for both Canarc and Pan American shareholders, with the potential to create a combined company with significant benefits.

Management has a successful track record of raising capital and recently completed the first and second tranche of a $1.96 million Private Placement.

This opportunity is not the one trick pony that is characteristic of many mining stories. Tested management brings immediate production, significant potential growth and an exploration kicker. Not to mention further expansion properties as it builds out.

And it’s just getting started.

Legal Disclaimer/Disclosure:

A fee has been paid for the production and distribution of this Report. This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. No information in this article should be construed as individualized investment advice. A licensed financial advisor should be consulted prior to making any investment decision. Financial Press makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of the author’s only and are subject to change without notice. Financial Press assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this article and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Furthermore, we assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information, provided within this article.

Also, please note that republishing of this article in its entirety is permitted as long as attribution and a back link to FinancialPress.com are provided. Thank you.

Canarc Resource Corp.
#301-700 West Pender Street
Vancouver, BC
V6C 1G8
Tel. 1-604-685-9700
Toll Free: 1-877-684-9700
Fax. 1-604-685-9744
Website: www.canarc.net
]]>
http://financialpress.com/2014/04/03/recreating-endeavours-success/feed/ 0
Medical Marijuana M&A Activity Begins With First Major Deal http://financialpress.com/2014/04/02/medical-marijuana-ma-activity-begins-with-first-major-deal/ http://financialpress.com/2014/04/02/medical-marijuana-ma-activity-begins-with-first-major-deal/#comments Wed, 02 Apr 2014 14:42:50 +0000 http://financialpress.com/?p=27686

Umbral Moves to Secure License, Property to Become Major Supplier

VANCOUVER, British Columbia, April 2, 2014 — Shutting down small personal medical marijuana growers as of April 1st, 2014 didn’t really have any legs as a viable or even a remotely intelligent strategy. As the rules change to ‘favour’ commercial growers as of that same date, it is apparent that it will take time to move from a home-based, small producer regime to large, regulated commercial operations.

The injunction to exempt existing patients currently licensed to grow medical marijuana. does not directly affect the new licensing system; the status quo will be maintained. There will likely be final resolution through the court system within a year. Until then, commercial participants will move ahead.

“While a number of peers are planning to ‘bolt on’ Medical Marijuana assets by way of acquisition: Umbral plans a more direct approach and involvement,” stated Jagdip Bal, President and CEO of Umbral Energy (TSX-V:UMB) in an exclusive interview with Financial Press. “We are planning to apply for a license and are currently having discussions with growers and others to secure land and expertise to become a major commercial supplier in this burgeoning industry.”

The growth of the Medical Marijuana market over the next decade is explosive. With a current user base of around 40,000, that number is expected to swell to nearly 500,000 in ten years. And that may be conservative.

As of April 1st, physicians will be the prescribers of the substance as opposed to Health Canada. In a perfect world, patients will be able to purchase a maximum of 150 grams a month produced by a licensed commercial grow operation.

The March 21st injunction that reversed the dictum that all marijuana would be supplied commercially after April 1st, will, until a constitutional challenge is heard, allow patients licensed to grow for personal use to continue.

Maintaining the status quo for the time being will certainly ease the transition, application and prescription of cannabis as the new rules settle. In this new world, there are concerns as well as opportunities that will be addressed. Early commercial adopters that are willing to get directly involved in production as the market unfolds will likely see the largest benefits.

Numerous stocks have seen positive reaction to plans to enter the Medical Marijuana market:

Windfire Capital was languishing at $0.02 at the beginning of the year and is trading at $0.14 currently, following recent double announcements of closing a private placement and a foray into the Medical Marijuana space. As well, Affinor has seen its shares rise from under $0.05 March 13th, to trade at just under $0.35 on very heavy volume: Following the announcement that Vertical Designs Ltd is taking a controlling interest. Vertical Designs is a leading vertical growing technology firm, which lends itself directly to high volume agricultural production; in this case marijuana.

Activity, other than just announcements, is obviously coming quickly, which more than likely warrants some initial exposure by investors.

Umbral looks a somewhat similar situation to Affinor, except that UMB intends to apply for a license and build a proprietary business as well as enter into relationships with private companies that are set up to produce and sell Medical Marijuana. The next wave for the space will likely be more acquisitions, joint ventures, sourcing expertise and of course, financings to bring it all together.

“Umbral is in active negotiations/discussions with multiple private companies,” stated Bal. “Once a formal agreement is reached, we expect to also apply for a license, which we hope will be in the next 30-60 days.”

The Company also has two resource properties, a mine in the Abitibi region of SW Quebec and an oil and gas concern in Little Bow Prospect in Alberta. The former is 65 mineral claims over 2633 ha. Past exploration of the Letourneur property was carried out sporadically from 1997 to 2002. The work consisted of geological mapping, trenching, geophysical surveys including magnetic and IP/PP and rock sampling. Previous grab and channel rock sampling from the quartz veins revealed high gold values ranging from 1g/t to 19 g/t. A verification visit to the property in May 2010 produced assay results ranging from 0.93 to 6.64 g/t Au.

Gold is contained in pyrite and easily extracted by standard beneficiation methods.

Umbral Energy Corp. has entered a participation agreement with Aroway Energy Corp.  Aroway has a significant track record of success and meets the criteria, which Umbral requires as a strong partner.

Pursuant to this farm out agreement, Umbral has paid 37.5% to earn a 25% interest in the initial Glauconitic Test Well (1500m); these costs are estimated to be $300,000 net to Umbral.

Upon completion of a successful test well, Umbral will pay 37.5% to earn a 37.5% interest in further participation in the area – currently 1,600 acres (2.5 sections) of land.

While Umbral intends to further develop these assets, the current focus is to diversify into the Medical Marijuana space, both as a developer and producer. The Company intends to move on this initiative quickly for the benefit of the Company as well as shareholders.

Umbral shares currently trade at $0.095 with a market cap of $2.8 million.

Legal Disclaimer/Disclosure:

A fee has been paid for the production and distribution of this Report. This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. No information in this article should be construed as individualized investment advice. A licensed financial advisor should be consulted prior to making any investment decision. Financial Press makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of the author’s only and are subject to change without notice. Financial Press assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this article and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Furthermore, we assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information, provided within this article.

Also, please note that republishing of this article in its entirety is permitted as long as attribution and a back link to FinancialPress.com are provided. Thank you.

Umbral Energy Corp
929 Mainland Street
Vancouver, British Columbia V6B 1S3
Telephone: (604) 628-1767
Fax: (604) 628-0129

]]>
http://financialpress.com/2014/04/02/medical-marijuana-ma-activity-begins-with-first-major-deal/feed/ 0
90 Million Patients With Life Threatening Respiratory Disease Need Medical Oxygen Right Now http://financialpress.com/2014/04/02/90-million-patients-with-life-threatening-respiratory-disease-need-medical-oxygen-right-now/ http://financialpress.com/2014/04/02/90-million-patients-with-life-threatening-respiratory-disease-need-medical-oxygen-right-now/#comments Wed, 02 Apr 2014 14:33:55 +0000 http://financialpress.com/?p=27681

OxySure’s Model 615 Secures ‘European FDA Approval’

oxys_image2FRISCO, Texas, April 2, 2014 — According to the World Health Organisation (WHO), 28% of European adults smoke – compared with 18% in the U.S. Tobacco-related illnesses cause 16% of deaths in Europe, compared with 12% globally. Approximately 250,000 people die each year in Europe because of asthma and other respiratory diseases.

The WHO further estimates that by 2030, respiratory diseases will account for about one in five deaths worldwide.

Each year in Europe, lung diseases create 6 million hospital admissions, accounting for over 43 million in-patient bed-days. An estimated 90 million Europeans currently suffer from life threatening respiratory diseases. Early administration of medical oxygen in respiratory emergencies can divert patients away from hospitalisation.

On April 2, 2014 OxySure Systems (OTCQB:OXYS) announced that its portable emergency oxygen device has achieved “CE Mark approval” – a critical step toward launching this low cost life-saving device in Europe.

“CE Marking in Europe is equivalent to the FDA approval in the U.S,” states OxySure Chairman and CEO Julian Ross in an exclusive interview with Financial Press, “It is a rigorous 10 month process which we have successfully completed. This milestone is very significant for our company. We now have a green light to commercialize the OxySure Model 615 in all 30 countries belonging to the European Economic Area.”

In Europe, 7% of hospital admissions result from respiratory causes, costing hundreds of billions of dollars. Many of these visits could’ve been avoided if the patients had early access to medical oxygen.

OxySure’s $349 device delivers medically pure oxygen on demand from two dry powders. OxySure owns a portfolio of patents, creating a “moat” around its business.

“Now we have the ability to go ahead and tackle all the European countries,” states Ross, “including Germany which is one of our predominant target markets. Basically we have 700 million new people we can sell to.”

Sales of the OxySure Model 615 increased 10-fold in 2013 from the previous year to an estimated $1.6 million. OxySure’s market is estimated to be ten times larger than the market for Automated External Defibrillators (AED) – which has already sold 2 million units in the U.S. alone. The OxySure Model 615 is one quarter the cost of an AED and 300 times more likely to be used.

“We already have two distributions agreements in place for Europe,” states Ross, “One with Medizon for Netherlands, Belgium and Luxembourg and a second agreement with Aero Health for the United Kingdom, Australia and New Zealand. The CE Marking triggers a minimum combined purchase of 6,750 units of OxySure Model 615 to Medizon and Aero Health in the next two years.”

The Model 615 requires no training, no compressed tanks, no maintenance, no batteries. You simply twist a dial and the two powders mix and generate oxygen at a steady flow, bridging the gap between the onset of a medical emergency and the arrival of first responders.

“Our international distribution model has been quite successful for us so far,” states Ross, “Basically you go to the market leader and say, ‘we’ll give you exclusivity in exchange for a minimum sales commitment’. It creates a symbiotic relationship. We get a fully incentivised partner, and they get the opportunity to control all the sales in their market.”

In the development stage, Ross raised $14 million of private capital for the company, including a $3 million personal investment.

“The timing of the CE Marking approval is excellent,” states Ross. “While we’ve been dealing with the application process, our existing European distributors have been seeding the market, speaking to sub-distributors, working on pricing models and product definition. With new opportunities come new challenges. Even the labelling can be different in Europe, with some countries requiring two languages.”

In the U.S. OxySure is targeting all public and private institutions, including 102,265 educational campuses, 350,735 manufacturing facilities, 350,000 churches, and 950,000 restaurants. Europe’s population is about 710 million (almost double the U.S.) so the opportunities for institutional sales are significant.

“During 2014, I anticipate that we will be able to set up another four or five of those agreements,” states Ross, “and each agreement will come with minimum sales commitments based on the size of the market. We expect rapid growth from Europe. And, the CE Marking gives us the opportunity to reliably forecast our baseline sales over the next 2-3 years.”

“Our European distributors understand the market, and they are positioning the Model 615 as a companion product to the AED. Our oxygen-on-demand device is much cheaper than a defibrillator and used in a wider variety of medical emergencies – like asthma attacks, oxygen deprivation, dehydration, seizures, traumatic and shock related injuries.”

“Of course it is gratifying to know that our technology saves lives,” states Ross, “But there is also a financial dimension to this. Timely delivery of medical oxygen to distressed individuals delivers substantial savings to the medical system by reducing hospitalisations, or by improving medical outcomes. With a high level of respiratory-related health issues – Europe is an important market for our product which delivers medically pure oxygen on demand.”

OxySure is currently trading at .68 with a market capitalisation of $16.8 million.

Legal Disclaimer/Disclosure: A fee has been paid for the production and distribution of this Report. This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. No information in this article should be construed as individualized investment advice. A licensed financial advisor should be consulted prior to making any investment decision. Financial Press makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of the authors only and are subject to change without notice. Financial Press assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this article and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Furthermore, we assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information, provided within this article.

Also, please note that republishing of this article in its entirety is permitted as long as attribution and a back link to FinancialPress.com are provided. Thank you.

OxySure Systems, Inc. (OTCQB:OXYS)
10880 John W. Elliott Dr
Frisco, TX 75033, United States
Phone: 1 972-294-6555

]]>
http://financialpress.com/2014/04/02/90-million-patients-with-life-threatening-respiratory-disease-need-medical-oxygen-right-now/feed/ 0
Athabasca Basin Plays Key to Solving Looming Uranium Shortages http://financialpress.com/2014/04/01/athabasca-basin-plays-key-to-solving-looming-uranium-shortages/ http://financialpress.com/2014/04/01/athabasca-basin-plays-key-to-solving-looming-uranium-shortages/#comments Tue, 01 Apr 2014 14:54:15 +0000 http://financialpress.com/?p=27670

Skyharbour at the Forefront as Shares Continue to Climb Higher

08d34_uraniumVANCOUVER, B.C., April 1, 2014 — Two years ago, when the Board of Directors at Skyharbour Resources Ltd. (TSX-V:SYH) asked Jordan Trimble to find a new direction for the Vancouver-based mining micro-cap, his choice may have seemed like mission impossible: uranium. Trimble and the team behind Skyharbour recognized a unique opportunity given the industry was still writhing from the bursting of the uranium bubble in 2007, the 2008 global financial meltdown, and Japan’s 2011 Fukushima nuclear plant disaster. He knew uranium prices were at their lowest in years. But with the world’s unquenchable appetite for energy, he also saw an undervalued market and a lot of upside potential. “I looked at a number of commodities, and uranium really stood out for me,” says Trimble, who was appointed as the company’s President and CEO in June 2013. “Being a contrarian, there’s an unprecedented opportunity in the uranium space.”

Skyharbour Resources is well positioned to prosper as the uranium market gains strength. To pool geological expertise and funding, it joined forces last year with Athabasca Nuclear Corp. (TSX-V:ASC), Noka Resources (TSX-V:NX) and Lucky Strike Resources (TSX-V:LKY) to form the Western Athabasca Syndicate Partnership, which controls a massive, 287,130-hectare (709,513-acre) collection of five properties the bulk of which is on the western side of Saskatchewan’s uranium-rich Athabasca Basin. The group will spend $6 million over the two years to explore the area. Skyharbour is responsible for providing only $1 million of that total. The syndicate model is a unique, cost-efficient and operationally effective structure to conduct a large exploratory program without substantial equity dilution to shareholders.

Skyharbour Resources also owns a 60 per cent stake in the Mann Lake uranium project on the east side of the basin, 25 kilometres southwest of Cameco’s McArthur River Mine. Trimble says Northern Saskatchewan boasts the world’s largest reserves of high-grade uranium, which offers some shelter from commodity price volatility. Saskatchewan is also known for its stable, pro-mining business environment. “The basin,” he says, “is really one of the only places in the world where you want to be looking for uranium right now.”

With Trimble at the helm, Skyharbour Resources has built a strong team with a proven track record for delivering shareholder value. The company’s directors include industry veterans Jim Pettit, the Chairman of the Board, and Don Huston, Skyharbour’s former president and CEO.

Tom Drolet, the company’s new Technical Advisor and a former president and CEO for Ontario Hydro International, believes that several factors – including the 72 nuclear power plants expected to come online by 2022 in China, Russia, India and other countries – will help increase share prices for senior and intermediate uranium producers going forward – with junior firms following soon after. The impact of Russia’s annexation of Crimea could accelerate this trend. “Watch out for Russian aggression as it may affect supply from Kazakhstan,” he says, “and demand increases on the China side may move markets a bit earlier.”

The board also brings impressive uranium expertise with geologist Rick Kusmirski, the company’s Head Technical Advisor and former Exploration Manager for uranium giant Cameco Corp. From 1999 until 2012, Kusmirski was vice-president of exploration and later president and CEO of JNR Resources, helping to boost the uranium firm’s stock from 10 cents a share to over $4 a share. JNR was ultimately acquired by Denison Mines Corp.

Skyharbour’s flagship Preston Uranium Property in the basin’s Patterson Lake region is the largest single landholding near Fission Uranium Corp.’s Patterson Lake South high-grade uranium discovery and the recent discovery made by NexGen Energy on the Rook 1 Project.

Uranium mineralization in this part of the basin is quite shallow and basement-hosted. Skyharbour and its syndicate partners have already carried out more than $2 million in exploration on the property and have identified over a dozen high-priority drill targets. The company along with its syndicate partners are in the midst of their first drill program and are one of the few groups in the area drilling this winter season.

With only 35 per cent of the property systematically explored so far, they have already identified 15 high-potential drill targets using techniques similar to those employed by Fission and NexGen. “We’re highly encouraged by what we’ve seen to date,” says Trimble. “It has greatly exceeded our expectations and illustrates the strong discovery potential our property boasts.”

On the eastern side of the basin, Skyharbour acquired a 60-per-cent interest in the 3,473-hectare Mann Lake Uranium Project in January from Canterra Minerals. The purchase makes Skyharbour one of the only small-cap mining companies with a land position in this highly prolific part of the Athabasca Basin. Nearby deposits and mines include Cameco’s McArthur River Mine and Millennium deposit as well as Denison’s Phoenix deposit.

In March, Vancouver-based International Enexco Ltd. announced a high-grade discovery on the Mann Lake Joint Venture property, which sits adjacent to Skyharbour’s Mann Lake holding. Days later, Denison Mines announced plans to acquire International Enexco and their 30 percent interest in the Mann Lake Joint Venture with Cameco and AREVA Resources Canada. Between 2006 and 2008, over $3 million in exploration was carried out on Skyharbour’s Mann Lake property including two drill programs. Trimble says work may resume there sooner than later. “Mann Lake could very well be the dark horse for the company going forward,” he goes onto say. “The previous drilling intersected zones with elevated uranium and boron values which bodes well for future exploration and discovery potential on the property.”

All in all, Skyharbour is one of the only small-cap mining companies that offers investors exposure to two of the most active areas of the Athabasca Basin: Patterson Lake on the west side and Mann Lake on the east side. Investors are starting to take note. The company just completed a non-brokered placement of over $700,000, with strong investor interest increasing the financing from the initial target of $500,000. Trading volume has increased significantly, and the company’s share price recently hit a 52-week high of 18 cents. The stock has gradually increased over the past year. “That’s indicative,” says Trimble, “of the shareholder value we’ve been creating and will continue to create in the company.”

Legal Disclaimer/Disclosure:

A fee has been paid for the production and distribution of this Report. This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. No information in this article should be construed as individualized investment advice. A licensed financial advisor should be consulted prior to making any investment decision. Financial Press makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of the author’s only and are subject to change without notice. Financial Press assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this article and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Furthermore, we assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information, provided within this article.

Also, please note that republishing of this article in its entirety is permitted as long as attribution and a back link to FinancialPress.com are provided. Thank you.

Skyharbour Resources (TSX-V:SYH)
777 Dunsmuir Street - Suite 1610
Vancouver, BC V7Y 1K4
Telephone: (604) 687-3376
Toll Free: 1-800-567-8181
Fax: (604) 687-3119
]]>
http://financialpress.com/2014/04/01/athabasca-basin-plays-key-to-solving-looming-uranium-shortages/feed/ 0