Deep-South Resources Agrees to Acquire 100% of Haib Copper Deposit in Namibia in Partial Share Deal

Vancouver, B.C., Canada / TheNewswire / February 24, 2017 – Deep-South Resources Inc. (“Deep-South” or “the Company“) (TSX-V: DSM) is pleased to announce that it has entered into an agreement to acquire from Teck Namibia Ltd. (“Teck”), a wholly owned subsidiary of Teck Resources Limited, the remaining 70% of Haib Minerals (Pty) Ltd. (“Haib Minerals”) that it does not own in exchange for, among other things, 13.6 million common shares of Deep-South. Haib Minerals holds the Exclusive Prospecting Licence 3140 (“EPL 3140”), which hosts the Haib copper project (“Haib” or “the Property”) situated in the south of Namibia. At closing, Deep-South will hold 100% of Haib Minerals. At closing, in addition to its current shareholding, Teck will hold 17,776,667 of the common shares of Deep-South, representing about 35% of the Company’s share capital based on the common shares currently outstanding.

In addition to the Deep-South shares to be issued to Teck, Deep-South shall:

– pay $400,000 to Teck in accordance with the following schedule:

– First anniversary of the agreement: $200,000

– Second anniversary of the agreement: $200,000

  • If Deep-South sells or options the Property or a portion of the Property during the 36 months following closing, Teck shall receive 30% of the sale gross proceeds if the sales occurs during the first 24 months after the closing and shall receive 20% of the gross proceeds if the sale occurs between the 24th and 36th months after closing;

  • Teck shall be entitled to a production bonus payment that will be declared at the time the company takes the decision to start mine development. Half of the bonus shall be paid upon the decision to start mine development and the second half shall be paid upon commencement ofcommercial production. The bonus value is scaled with the value of the Capital expenditures as follows:

(All amounts C$ millions)

Development Expenditures

Cash Payment

$0 – $500


$501 – $600


$601 – $700


$701 – $800


$801 – $900


$901 – $1,000


$1,001 and over


The agreement and shares issuance are subject to approval by the TSX Venture Exchange. This transaction constitute a fundamental change pursuing to the policies of the TSX Venture Exchange.

Mr. John Akwenye, Chairman of Deep-South stated, “We are delighted with this transaction. Haib is the largest known porphyry copper deposit in Africa and is situated in an ideal location adjacent to modern infrastructure and in one of the best mining countries in Africa. In becoming our largest shareholder, Teck is a strong shareholder to have in support of the Company. Haib has substantial exploration potential and is a quality asset that adds strong value for our shareholders.”

About the Haib Copper Project:

The Haib project is a large copper-molybdenum porphyry deposit located in the Karas region of southern Namibia, 8 km from the Orange River and the South African border.

The deposit, discovered in the 1950’s, has seen over 50,000 metres of drilling in the 1970’s by companies such as Rio Tinto and Falconbridge Ltd.

Since 2010, Teck Namibia has completed over 14,000 metres of drilling with results such as: 121 m @ 0.5% Cu, 494 m @ 0.36% Cu and 30 m @ 0.81% Cu.

A report by Behre Dolbear, completed in 1996, has estimated a Historical Estimate at Haib in a range presented in the table below:

Haib Historical Estimate – Behre Dolbear / GSM



GFM Model

Behre Dolbear’s Model


Inverse Distance Squared

Nearest Neighbour

Million Tonnes

Grade % Cu

Million Tonnes

Grade % Cu

Million Tonnes

Grade % Cu

Million Tonnes

Grade % Cu




























(GFM and Behre Dolbear models used the Kriging method as the basis for their estimate calculations. Kriging is a statistical estimation technique widely used for porphyry deposits. The Inverse Distance Squared and Nearest Neighbour methods, were used by Behre Dolbear for validation of the Kriging method estimates. Behre Dolbear report was produced from a geostatistical block model completed in 1996 by Great Fitzroy Mineral NL (“GFM”)).

The Historical Estimate comprised principally the compilation and verification of all the drillhole data incorporating all available data to the end of the Rio Tinto Zinc programme completed in 1975 and comprising over 50,000 metres of drilling, assays and survey data.

The estimates of tonnages and grades quoted in this report were prepared prior to publication of National Instrument 43-101 in 2001 and are considered as Historical Estimates. The historical grades and resources terminology from the original historical reports are to be used only as a reference and should not be considered as a current mineral resource under NI 43-101 but are to be considered as Historical Estimates as per the NI 43-101 Rules and Policies.

P & E Walker Consultancy (“The consultant”), were engaged to prepare a technical review of all the historical data and reports and to act as Qualified Person. The Consultant did not have the mandate to classify the Historical Estimate as current mineral resource under NI 43-101. Deep-South is not treating the Historical Resource as a current mineral resource under NI 43-101.

P & E Walker Consultancy has prepared a technical review of all the historical data and reports. The NI 43-101 qualification report can be found on SEDAR at

Peter Walker B.Sc. (Hons.) MBA Pr.Sci.Nat. is the author of the 43-101 qualifying report and is responsible for the technical part of this press release, and is the designated Qualified Person under the terms of National Instrument 43-101.

About Deep-South Resources Inc.

Deep-South Resources Inc. is a mineral exploration company with a large Namibian shareholding, actively involved in the acquisition, exploration and development of major mineral properties in Namibia and Canada. Deep-South growth strategy is to focus on the exploration and development of quality assets, in significant mineralized trends, close to infrastructure, in stable countries.

This press release contains certain “forward-looking statements,” as identified in Deep-South’s periodic filings with Canadian Securities Regulators that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

More information is available by contacting Tim Fernback at 604.340.3774 or at

The Germany-Africa Business Forum (GABF) adds former Benin President to roster of high-level speakers

  • Thomas Boni Yayi, who served as President of Benin from 2006 to 2016, joins A-list lineup of African government and business participants
  • GABF bolsters technology and innovation program with new panelists, including Rebecca Enonchong of AppsTech

The Germany-Africa Business Forum (, the first ever privately held event exclusively dedicated to strengthening trade and investment ties between Germany and Africa, has confirmed the participation of former Benin President Thomas Boni Yayi at its Berlin conference on March 23, 2017. Mr. Boni Yayi, a banker and former politician, was Benin’s president between 2006 and 2016 and previously served as Chairperson of the African Union.

“We are delighted and honored by former President Boni Yayi’s confirmation to participate in GABF,” said Guillaume Doane, Executive Director of the Germany-Africa Business Forum. “He is a pan-African champion who has strongly promoted the development of trade and political relations between Africa and Europe.”

The Germany-Africa Business Forum has also bolstered its technology and innovation program by confirming Rebecca Enonchong, the founder and CEO of AppsTech, a leading global provider of enterprise application solutions. Ms. Enonchong, who is also the cofounder of ActivSpaces, a tech incubator in Cameroon, has devoted much of her life to promoting African interests. Through the proliferation of mobile technologies and digital platforms, Africa has created a vibrant environment for entrepreneurship and commercial ventures which are ideal partners for Germany tech and finance firms. The addition of Ms. Enonchong and AppsTech, complements an already exciting roster of speakers in tech and finance at GABF, including: Dirk Harbecke, the former CEO of Africa Development Corporation; Erick Yong, Managing Partner of Greentech Capital Partners; Tim Nuy, Executive Director of African fintech company MyBucks; and Daniel Gizaw, the founder and CEO of dVentus Technologies, based in Ethiopia.

The Germany-Africa Business Forum capitalizes on a wave of interest taken by the German government and companies to increase their engagement with African countries. There is a consensus that Africa remains ripe for German investment, from small-startups to industrial giants spanning the economic spectrum. German Mittelstand companies are already showing an interest in places where their skills and technology can bring value. Germany shows a strong need to expand to new markets, with companies doing just 2 percent of their business in Africa.

Already confirmed as speakers for the Germany-Africa Business Forum include Charles Huber, MP and Member of the Committee on Economic Cooperation and Development, Republic of Germany; Okechukwu E. Enelamah, Honourable Minister of Industry, Trade & Investment of Nigeria; H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons of Equatorial Guinea; and Carole Kariuki, CEO of the Kenya Private Sector Alliance.

For more information, please visit

Distributed by APO on behalf of Germany-Africa Business Forum.

Media Inquiries: Kathryn Mechie +27 71 138 2253

Nigerian Internet Exchange (IXPN) goes live at MainOne’s MDXi Lekki Data Center to peer local Internet traffic

MainData Nigeria (MDXi) and the Internet Exchange Point of Nigeria (IXPN) have announced a partnership aimed at expanding the peering of Internet Transit traffic within Nigeria. The partnership seeks to take advantage of the numerous networks and content providers already connected to MainOne ( to grow traffic in the Nigerian Internet Exchange. With its open access submarine cable system, Tier III data centre and IP transit network already connected to the Lagos, Accra, London and Amsterdam Internet Exchanges, MDXi will bring to the Exchange the capacity to connect directly with the greatest number of IP transit and Content Delivery networks in West Africa.

Speaking during the signing of the Memorandum of Understanding, Chief Executive Officer of the IXPN, Muhammed Rudman highlighted efforts of the Exchange to deepen local content via partnerships focused on the creation and hosting of content in-country. “Our partnership with MDXi provides our members direct and more cost-effective interconnection with their partners, leveraging hosting in MDXi’s Tier III Data Center, and access via MainOne’s open-access submarine cable. This will enhance local internet performance, lower costs and minimize traffic bottlenecks for Internet traffic in Nigeria.”

In her comments, MainOne’s Chief Executive Officer, Funke Opeke reiterated the company’s vision for improved connectivity across West Africa: “MainOne is committed to the penetration of high quality and affordable broadband internet services in West Africa, and bringing the IXPN closer to our network plays an important role in helping us realize that vision not only for Nigeria, but for all of West Africa. Hosting the IXPN in our data center, MDXi will continue to impact positively on the digital transformation of Nigeria and the overall growth of the Nigerian economy by enabling Internet traffic originating and terminating on any network in Nigeria to remain in-country.”

Distributed by APO on behalf of MainOne.

Media contact:  Temitope Osunrinde

About MainOne: MainOne ( owns and operates MDXi, the premier Tier III certified data center in West Africa and the open-access 4.96TBPS MainOne submarine cable system. The company serves Telecom Operators, Internet Service Providers, and Major Enterprises including Banks, Blue chip companies and Government agencies.

About The Internet Exchange Point of Nigeria: The Internet Exchange Point of Nigeria (IXPN) is an operator-neutral exchange point that allows several Internet Service Providers (ISPs) and network operators to exchange traffic between their networks at no costs by means of mutual peering agreements. The IXPN is committed not only to the development of a national Internet infrastructure, but increasingly, an infrastructure that will span the entire African continent, Europe, America, Asia and the entire world.

Molori Energy Inc. to Begin Trading on OTCQB

VANCOUVER, BC / ACCESSWIRE / February 24, 2017 / Molori Energy Inc. (TSXV: MOL) (OTCQB: MOLOF) (“Molori” or the “Company”) is pleased to announce that the Company has been verified to trade on OTCQB®, the venture marketplace for entrepreneurial and development stage companies operated by OTC Markets Group. Trading commenced on February 22, 2017 under the symbol “MOLOF“. U.S. investors can find current financial disclosures and Real-Time Level 2 quotes for the company on

“With our new focus on domestic US oil & gas production, we will be better positioned to reach out to US investors,” said Joel Dumaresq, CEO of Molori. “Not only will we be able to expand our investor-reach, we will broaden the presence of the Company in an important market. This is a natural step in the growth of Molori.”

About Molori

Molori Energy Inc. is an oil and gas production company with current operations in the Texas Panhandle. Founded in 2011, the experienced management team is aggressively acquiring select properties which provide immediate cash flow and development opportunities, now and in the years ahead. Molori is seizing the opportunity, in the current oil & gas environment, to assemble oil and gas production in nearby and politically safe jurisdictions. Molori is pursuing a business plan, whereby the Company either purchases producing oil and gas assets at highly attractive rates, or in some cases simply takes on existing assets by way of purchasing or assuming default notes from small regional lenders and institutions.

Contact Information:

Joel Dumaresq
CEO and Director
Molori Energy Inc.
(604) 336 3193
[email protected]


Cautionary Notes Regarding Forward Looking Statements

This News Release contains forward-looking statements. Forward-looking statements are statements that relate to future events. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our industry, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results.

SOURCE: Molori Energy Inc.

AmeriCann Discusses White House Press Secretary’s Comments on Medical Cannabis

DENVER, CO / ACCESSWIRE / February 24, 2017 / AmeriCann, Inc. (OTCQX: ACAN), an Ag-Tech company that is developing sustainable, state-of-the-art medical cannabis cultivation properties discussed Thursday’s White House regular news briefing.

AmeriCann has reviewed the Press Secretary’s comments, in response to a reporter’s question, related to the enforcement of federal regulations and the cannabis industry. Management is encouraged that the White House has acknowledged its support for state regulated medical marijuana programs.

Press Secretary Sean Spicer affirmed the President’s support for medical cannabis and noted that states are entitled to regulate medical marijuana in accordance with state law.

Since inception, AmeriCann has been focused on serving the regulated medical marijuana industry.

AmeriCann, an Ag-Tech company, is developing a 53-acre property in Massachusetts as the Massachusetts Medical Cannabis Center (the “MMCC”). The MMCC is approved for 1 million square feet and is expected to be one of the most technologically advanced cultivation facilities in the nation.

The Massachusetts Medical Cannabis Center in Freetown, Massachusetts was designed and is being developed to support the medical cannabis industry. AmeriCann does not expect any impact to the development schedule of MMCC and to have the infrastructure open by the end of 2017.

Given that our current plans are exclusively for serving the medical market, a change in federal policy regarding the non-medical market, as Press Secretary Spicer suggested, would have no impact on our project or company.

With the passage of the Adult Use ballot initiative in November, the Commonwealth of Massachusetts is not expecting regulations, licensing and commencement of Adult-Use cannabis sales to commence until the middle of 2018. There is not an existing regulated Adult-Use market in Massachusetts.

Massachusetts Governor Charlie Baker stated in the Boston Globe on Thursday that, “The voters of Massachusetts have spoken on this issue,” when they approved recreational use in November, and emphasized the Baker administration will continue to work to “move forward” with the new law.

Medical cannabis sales made up $437 million dollars in total sales during 2016 in Colorado. It is a significant segment of the overall cannabis industry. Massachusetts’s medical cannabis market is just starting to develop and is expected to be comparable in size to Colorado when mature.

A Quinnipiac University Poll released on February 23rd, 2017 shows that 93% of Americans support medical marijuana. With the results of the November 2016 election results, over 60% of the US Population now live in states where medical cannabis is now legal. Of the 28 states that have implemented legal cannabis programs, only 8 have approved Adult-Use.

About AmeriCann

AmeriCann is a publicly traded Ag-Tech company that plans to develop sustainable, state-of-the-art medical cannabis cultivation properties throughout the country. The Company has over 1,000,000 square feet of facilities in the planning and design stages of development. The Company has designed a proprietary line of cannabis infused products which will be branded and licensed to companies in regulated markets.

AmeriCann, Inc. is a Certified B Corp, an acknowledgment of the company’s commitment to social and environmental ethics, transparency and accountability. AmeriCann became the first public cannabis company to earn this respected accreditation. More information about the Company is available at: or follow AmeriCann on Twitter @ACANinfo

About Massachusetts Medical Cannabis Center

The Massachusetts Medical Cannabis Center is approved for nearly 1,000,000 square feet of medical cannabis cultivation and processing in Freetown, Massachusetts. The state-of-the-art, sustainable, greenhouse project will consist of multiple planned phases for licensed businesses in the Massachusetts medical marijuana market. AmeriCann’s Cannopy System uniquely combines expertise from traditional horticulture, lean manufacturing, regulatory compliance and cannabis cultivation to create superior facilities and procedures.

The first phase of the project consists of 130,000 sq. ft. of cultivation and processing infrastructure. AmeriCann can expand the first phase to approximately 600,000 sq. ft., based on patient demand.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) (which Sections were adopted as part of the Private Securities Litigation Reform Act of 1995). Statements preceded by, followed by or that otherwise include the words “believe,” “anticipate,” “estimate,” “expect,” “intend,” “plan,” “project,” “prospects,” “outlook,” and similar words or expressions, or future or conditional verbs such as “will,” “should,” “would,” “may,” and “could” are generally forward-looking in nature and not historical facts. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company’s actual results, performance or achievements to be materially different from any anticipated results, performance or achievements. The Company disclaims any intention to, and undertakes no obligation to, revise any forward-looking statements, whether as a result of new information, a future event, or otherwise. For additional uncertainties that could impact the Company’s forward-looking statements, please see the Company’s Annual Report on Form 10-K for the year ended September 30, 2016, which the Company has filed with the SEC and which may be viewed at

Contact Information:

AmeriCann, Inc.
3200 Brighton Blvd. Unit 114
Denver, CO 80216
(303) 862-9000
[email protected]
@ACANinfo on Twitter

Hayden IR
[email protected]
(917) 658-7878

SOURCE: AmeriCann, Inc.

CELSIUS Holdings Inc. Announces Retirement of President and CEO Gerry David; Appoints John Fieldly as Interim President and CEO

BOCA RATON, FL / ACCESSWIRE / February 24, 2017 / Celsius Holdings, Inc. (OTCQX: CELH) today announced that Gerry David, President and Chief Executive Officer, intends to retire from the company effective March 1, 2017. Mr. David will continue to serve as a consultant to the company through the end of the year. The Board of Directors named John Fieldly, the current CFO of Celsius, as interim President and CEO.

“I am proud of all that we have accomplished as a team over the last five and a half years with a successful turnaround of the CELSIUS® business,” said Mr. David. “We have built a solid infrastructure that will allow the company to realize continued growth globally.” CELSIUS® has achieved 5 years of record revenues, opened new international markets, significantly improved shareholder value, and established a solid balance sheet for the future. A key turning point for the company was the 2015 strategic investment by Li Ka-Shing’s Horizon Ventures, Russell Simmons, Kimora Lee Simmons, and other highly influential partners. This strategic partnership has opened the door to the vast opportunity in Asia and accelerated growth domestically. “Within the Natural Channel, CELSIUS® is now the fastest-growing brand in the single serve energy & other functional beverage category, demonstrating the progress we have made and the success of our turnaround.” (SPINS 52wk ending 1.22.2017)

“Now, as I approach age 65 this year, it is time for me to ‘pass the baton,'” continued Mr. David. “I am confident that the board will identify an outstanding candidate shortly to lead the company to the next level of its growth. In the interim, John Fieldly, who has worked closely with me over the years and who has been an integral part of our success, will assume the position of interim President/CEO.”

For additional information, please visit, and for all press inquiries and product samples, please contact Amy Barbanell at [email protected].

About Celsius Holdings, Inc.

Celsius Holdings, Inc. (OTCQX: CELH), founded in April, 2004, is a global company, with a proprietary, clinically proven formula for flagship brand CELSIUS®. Celsius Holdings, Inc., has a corporate mission to become the global leader of a portfolio of brands which are proprietary, proven or patented in their category, offering significant health benefits and backed by science.

CELSIUS®’ original line comes in seven delicious flavors, carbonated and non-carbonated, and in powder sticks packets that can be mixed with water. CELSIUS® has no preservatives, no aspartame, no high fructose corn syrup, is non-gmo, with no artificial flavors or colors, and is very low in sodium. The CELSIUS® line of products is kosher and vegan certified, soy, gluten, and sugar free. CELSIUS®’ natural line is also available in six refreshing flavors: (3 sparkling) grapefruit, cucumber lime, orange pomegranate; and (3 non-carbonated) pineapple coconut, watermelon berry, and strawberries & cream.

The first university study was conducted in 2005, and additional studies from the University of Oklahoma were conducted over the next five years. All studies were published in peer-reviewed journals and validate the unique benefits CELSIUS® provides to the consumer.

Investor Relations Contact:

Hayden IR
Cameron Donahue, Partner
(651) 653-1854
[email protected]

SOURCE: Celsius Holdings, Inc.

SANUWAVE Receives U.S. Patent for a Special Construction of Shock Wave Electrodes and the Method to Adjust Their Spark Gap

SUWANEE, GA – (NewMediaWire) – February 24, 2017 – SANUWAVE Health, Inc. (OTCQB: SNWV) today announced that the U.S. Patent and Trademark Office (USPTO) has issued the Company patent number 9,566,209 titled “Shock Wave Electrodes with Fluid Holes” that has an expiration date on June 21, 2033. This patent relates to a new construction of the spark gap electrodes used to generate acoustic pressure shock waves in SANUWAVE’s devices, which allows a longer useful life for the applicators. The twenty (20) claims of the patent cover the construction of the acoustic pressure shock wave applicators that incorporate such electrodes and methods to adjust the spark gap distance in between the electrodes using calculation of equivalent capacitance of the applicator’s head.

These new electrodes are ring-shaped with different radial dimensions and are designed with radial fluid holes that facilitate fluid circulation for improved heat dissipation from the electrodes during their service. Furthermore, heat dissipation is also improved by the larger electrode tip surface area, which is a ring-shaped area compared with the conical point-shaped area for the classic design of the electrodes. These advantages makes these electrodes to last longer and thus improving the efficiency of high voltage discharge and a longer life for the applicators that incorporate this type of electrodes.

Kevin A. Richardson II, SANUWAVE’s Chairman of the Board and Chief Executive Officer, stated, “This new electrode design represents another step forward in the effort to improve the efficiency of the Company’s devices and make available to patients the best products that can be used to treat their afflictions using SANUWAVE’s acoustic pressure shock wave technology and ultimately to provide them with a better quality of life. SANUWAVE’s continuous effort to innovate shows commitment to physicians and patients and also the effort to extend the reach of the Company’s technology in many new medical fields, which fits with SANUWAVE’s long term strategy to maximize the value of acoustic pressure shock wave technology.”

SANUWAVE Health Inc., and its wholly owned subsidiary SANUWAVE, Inc., now have 65 patents (issued or pending) in the field of acoustic pressure shock waves used in medical and non-medical applications.

About SANUWAVE Health, Inc. 
SANUWAVE Health, Inc. ( is a shock wave technology company initially focused on the development and commercialization of patented noninvasive, biological response activating devices for the repair and regeneration of skin, musculoskeletal tissue and vascular structures. SANUWAVE’s portfolio of regenerative medicine products and product candidates activate biologic signaling and angiogenic responses, producing new vascularization and microcirculatory improvement, which helps restore the body’s normal healing processes and regeneration. SANUWAVE applies its patented PACE technology in wound healing, orthopedic/spine, plastic/cosmetic and cardiac conditions. Its lead product candidate for the global wound care market, dermaPACE®, is CE Marked throughout Europe and has device license approval for the treatment of the skin and subcutaneous soft tissue in Canada, Australia and New Zealand. In the U.S., dermaPACE is currently under the FDA’s Premarket Approval (PMA) review process for the treatment of diabetic foot ulcers. SANUWAVE researches, designs, manufactures, markets and services its products worldwide, and believes it has demonstrated that its technology is safe and effective in stimulating healing in chronic conditions of the foot (plantar fasciitis) and the elbow (lateral epicondylitis) through its U.S. Class III PMA approved OssaTron® device, as well as stimulating bone and chronic tendonitis regeneration in the musculoskeletal environment through the utilization of its OssaTron, Evotron® and orthoPACE® devices in Europe, Asia and Asia/Pacific. In addition, there are license/partnership opportunities for SANUWAVE’s shock wave technology for non-medical uses, including energy, water, food and industrial markets.

Forward-Looking Statements
This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future business development activities, and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company’s ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the key risks, assumptions and factors that may affect operating results, performance and financial condition are risks associated with the regulatory approval and marketing of the Company’s product candidates and products, unproven pre-clinical and clinical development activities, regulatory oversight, the Company’s ability to manage its capital resource issues, competition, and the other factors discussed in detail in the Company’s periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statement.

For additional information about the Company, visit

Supernova Energy, Inc. Outlines 2017 – 2018 Corporate Oil and Gas Strategy

ROCKVILLE CENTER, NY – (NewMediaWire) – February 24, 2017 – Supernova Energy, Inc. (OTC PINK: SPRN) (“Supernova” or the “Company”) outlines the 2017 -2018 corporate oil and gas strategy. Supernova Energy, Inc. is focused on specializing in well bore completion and re-completion on existing oil and gas production. There are a large number of opportunities in well completion and ownership across the USA. Supernova has an operating license in the state of Kansas where it concentrates on completions, re-completions and workovers through working-interest (WI) partnerships.

Oil leases produce at their maximum rate at the start of their lives, but this production rate eventually declines. In order to maintain production levels, wells will require secondary recovery efforts to boost production back to former levels. Re-completion often involves stimulation of the reservoir, perforating old or new casing, and completing alternative sections of pay in an oil producing formation. Supernova Energy intends to capitalize on leases that fit the criteria for secondary recovery.

“Supernova has worked diligently over the last twelve months with experienced professionals to help formulate a strategic two-year plan to stimulate growth through revenue, while maintaining a risk-adverse oil and gas portfolio,” states Kevin Malone, CEO of Supernova Energy, Inc.”

About Supernova Energy, Inc.

Supernova Energy, Inc. is an American based oil and gas production and exploration Company with key holdings in Kansas and Kentucky. The Company’s goal is to acquire economical leases in known oil and gas formations with low cost of recovery. The strategy is to specialize in well-bore completion, re-completion and workovers on existing oil and gas production.

For more information investors can visit


The foregoing contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. We intend for these forward-looking statements to be covered by the safe harbor provisions of the federal securities laws relating to forward-looking statements. This release contains forward-looking statements that reflect Supernova Energy, Inc., plans and expectations. In this press release and related comments by Company management, words like “expect,” “anticipate,” “estimate,” “goal” and similar expressions are used to identify forward-looking statements, representing management’s current judgment and expectations about possible future events. Management believes these forward-looking statements and the judgments upon which they are based to be reasonable, but they are not guarantees of future performance and involve numerous known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance, achievements or financial position to be materially different from any expressed or implied by these forward-looking statements. Important factors that could cause actual results to differ materially from the forward-looking statements are set forth in our Form 10-K and other filings with the SEC. Other information can be obtained at

Newfoundland Power declares dividends on Series A, B, D and G First Preference Shares

Newfoundland Power declares dividends on Series A, B, D and G First Preference Shares

Newfoundland Power Inc.

Newfoundland Power Inc.

February 24, 2017 08:47 ET

ST. JOHN’S, NEWFOUNDLAND AND LABRADOR–(Marketwired – Feb. 24, 2017) – Newfoundland Power Inc. has declared regular quarterly dividends on its Series A, B, D and G First Preference Shares as follows:

1. a dividend of $0.1375 per share on the issued and outstanding 5 1/2% cumulative redeemable first preference share series A of the Company for the quarter ending April 30th, 2017, be and is hereby declared payable May 1st, 2017 to the series A first preference shareholders of record at the close of business on April 14th, 2017;
2. a dividend of $0.13125 per share on the issued and outstanding 5 1/4% cumulative redeemable first preference share series B of the Company for the quarter ending April 30th, 2017, be and is hereby declared payable May 1st, 2017 to the series B first preference shareholders of record at the close of business on April 14th, 2017;
3. a dividend of $0.18125 per share on the issued and outstanding 7 1/4% cumulative redeemable first preference share series D of the Company for the quarter ending May 31st, 2017, be and is hereby declared payable June 1st, 2017 to the series D first preference shareholders of record at the close of business on May 12th, 2017;
4. a dividend of $0.19 per share on the issued and outstanding 7.60% cumulative redeemable first preference share series G of the Company for the quarter ending March 31st, 2017, be and is hereby declared payable April 3rd, 2017 to the series G first preference shareholders of record at the close of business on March 17th, 2017; and,
5. the dividends hereby declared payable be and are hereby designated as eligible dividends within the meaning of s.89(1) of the Income Tax Act (Canada).

All the common shares of Newfoundland Power Inc. are owned by Fortis Inc. (TSX/NYSE:FTS), a leader in the North American regulated electric and gas utility industry with total assets of approximately $48 billion. The Corporation’s 8,400 employees serve utility customers in five Canadian provinces, nine U.S. states and three Caribbean countries. Fortis shares are listed on the TSX and NYSE and trade under the symbol FTS.

Newfoundland Power is the primary distributer of electricity on the island portion of Newfoundland and Labrador, and purchases 93% of its energy needs from Newfoundland and Labrador Hydro. With a customer base of approximately 264,000 accounts, Newfoundland Power is committed to safety, dedicated to the highest level of customer service and delivers reliable electricity at the lowest possible cost. For more information on Newfoundland Power’s programs, services and community partnerships, please visit

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West High Yield Announces Corporate Developments

CALGARY, ALBERTA–(Marketwired – Feb. 24, 2017) – West High Yield (W.H.Y.) Resources Ltd. (the “Company”) (TSX VENTURE:WHY) announces that the Company will be exhibiting in Booth 2923, at this year’s Prospectors and Developers Association of Canada (PDAC) 2017 Convention in Toronto, Ontario, March 5 – 8, 2017.

Magnesium Mine Development

The Company continues to pursue additional financing for completion of the environmental base line, environmental assessment study and mine plan development for its magnesium project.

In June 2016, the Company commenced work on the environmental study, stakeholder engagement, and mine plan development on the Company’s Record Ridge South Magnesium Property as required by the Environmental Assessment Certification and Mine Permit application processes. The Company engaged SRK Consulting (Canada) Inc. (Vancouver) and Greenwood Environmental Inc. (Vancouver) to work on these projects. The Company also engaged Drinkard Metalox, Inc. of Charlotte, North Carolina to perform a series of hydrometallurgical tests on the Company’s magnesium ore to evaluate magnesium processing and recovery alternatives. The Company has incurred expenses of approximately $1.5 million on the above projects to date and looks forward to financing and continuation through 2017.

The Company issued its Preliminary Economic Assessment on the Record Ridge South Magnesium Property in South Eastern British Columbia on June 4, 2013, which is available under the Company’s profile on the System for Electronic Document Analysis and Retrieval and can be accessed through the internet at


On February 6, 2017, the Company received an additional loan of up to $200,000 from Big Mountain Development Corp. Ltd., a related party (the “Lender”). The loan bears interest at the rate of 8% per annum and is secured by a pledge to and in favour of the Lender of all of the Company’s present and after acquired property.

Secured Additional Mineral Claims

On February 17, 2017, the Company secured an additional 402 hectares which is contiguous to the Company’s existing mineral and crown granted claims in British Columbia bringing the Company’s total mineral and crown grants claims to 8,314 hectares.

About West High Yield

West High Yield is a publicly traded junior mining exploration company focused on the acquisition, exploration and development of mineral resource properties in Canada with a primary objective to locate and develop economic gold, nickel and magnesium properties.

Reader Advisory

This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “objective”, “ongoing”, “may”, “will”, “project”, “should”, “believe”, “plans”, “intends” and similar expressions are intended to identify forward-looking information or statements. More particularly and without limitation, this press release contains forward looking statements and information concerning its proposed business plans and operations. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward looking statements and information because the Company can give no assurance that they will prove to be correct.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada and globally; industry conditions, including governmental regulation; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; competition for, among other things, skilled personnel and supplies; changes in tax laws; and the other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose. The Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.

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