Condor Gold raises £5.242 million. Lead Investor Ross Beaty

/EINPresswire.com/ — LONDON, ENGLAND–(Marketwired – Feb 20, 2017) – Condor (AIM:CNR), is pleased to announce a placing (“the Placing”) of 8,293,443 Units (as defined below) at a price of 62p per Unit (the “Placing Price”) together with a proposed Director’s subscription of 161,290 Units (“Director’s Subscription”) to raise in aggregate gross proceeds of approximately £5.242 million. The Placing has been undertaken by the Company with institutional and other investors. The completion of the Placing and proposed Director’s Subscription is conditional, inter alia, upon admission of the Placing Shares to trading on AIM.

Each Unit comprises one ordinary share of 20p each in the Company (“Placing Share”) and half of one share purchase warrant of the Company (a “Warrant”). Each Warrant, which is unlisted and fully transferable, will entitle the holder thereof to purchase one ordinary share at a price of 93p (which is at a 50% premium to the Placing Price) for a period of 24 months from the date on which the shares issued pursuant to the Placing are admitted to trading on AIM (the “Closing Date”).

The Company is pleased to announce that Ross Beaty has subscribed for £1 million worth of Units and will increase his shareholding to 8.74% in the Company’s share capital on a post placement undiluted basis. Mr Beaty is a Canadian mining entrepreneur with a successful track record of both building mining companies and developing mineral deposits for sale.

Background to and reasons for the Placing

The net proceeds of the Placing and proposed Director’s Subscription amounts to approximately £4.9 million. It will be used for general working capital purposes and to continue with the strategy to fully permit Mina La India in Nicaragua for a 2,800tpd processing plant with capacity to produce 100,000 oz gold p.a., secure the surface rights for the rural land that host and surround the future mine infrastructure and continue work to demonstrate the significant exploration upside of the 2.4 million oz gold resource at 4.0g/t gold at La India Project via scout drilling on new exploration targets that have never been drilled and expand some of the existing resource areas.

Details of the Placing and proposed Director’s Subscription

The Company has conducted the Placing as principal. A total of 8,454,733 Units (comprising of 8,454,733 ordinary shares and 4,227,364 Warrants) have been placed with placees and are proposed to be subscribed at the Placing Price to raise gross proceeds of GBP 5,241,934.46.

The completion of the Placing is conditional, inter alia, upon admission of the Placing Shares to trading on AIM. The Placing Price of 62 pence per share represents a discount of 4.6% percent to the closing price of 65 pence per share on 17th February 2017.

In addition, the Company advises that one director of the Company, namely Jim Mellon, intends to subscribe for a total of 161,290 shares on the same terms (the “Director’s Shares”) for a further sum of £99,999.80 following the announcement of the Placing.

Application is being made for the Placing Shares and Director’s Shares, to be admitted to trading on AIM (“Admission”), such Admission is expected to occur on or around 28th February 2017.

On Admission the Placing Shares and Director’s Shares will rank pari passu in all respects with the existing ordinary shares of the Company, including the right to receive all dividends and other distributions declared after the date of their issue.

Following Admission of the Placing Shares and Director’s Shares, the Company will then have 61,365,382 ordinary shares of 20p each in issue with voting rights and admitted to trading on AIM. This figure may then be used by shareholders in the Company as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority’s Disclosure and Transparency Rules.

Special note concerning the Market Abuse Regulation

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014 (“MAR”). Market soundings, as defined in MAR, were taken in respect of the Placing, with the result that certain persons became aware of inside information, as permitted by MAR. That inside information is set out in this announcement. Therefore, those persons that received inside information in a market sounding are no longer in possession of inside information relating to the Company and its securities.

A further announcement will be made shortly.

About Condor Gold plc:

Condor Gold plc was admitted to AIM on 31st May 2006. The Company is a gold exploration and development company with a focus on Central America.

Condor completed a Pre-Feasibility Study (PFS) and two Preliminary Economic Assessments (PEA) on La India Project in Nicaragua in December 2014. The PFS details an open pit gold mineral reserve of 6.9 Mt at 3.0 g/t gold for 675,000 oz gold producing 80,000 oz gold p.a. for 7 years. The PEA for the open pit only scenario details 100,000 oz gold production p.a. for 8 years whereas the PEA for a combination of open pit and underground details 140,000 oz gold production p.a. for 8 years. La India Project contains a total attributable mineral resource of 18.08 Mt at 4.0 g/t for 2.31 M oz gold and 2.68 M oz silver at 6.2 g/t to the CIM Code.

In El Salvador, Condor has an attributable 1,004,000 oz gold equivalent at 2.6 g/t JORC compliant resource. The resource calculations are compiled by independent geologists SRK Consulting (UK) Limited for Nicaragua and Ravensgate and Geosure for El Salvador.

Disclaimer

Neither the contents of the Company’s website nor the contents of any website accessible from hyperlinks on the Company’s website (or any other website) is incorporated into, or forms part of, this announcement.

Automotive Semiconductors Market – Rising Regulations Regarding Safety and Emission Will Drive the Market

Albany, NY — (SBWIRE) — 02/20/2017 — Increasing safety systems, not only passive safety e.g. seat belts, but mainly by electronic such as air bags, anti-lock braking systems (ABS), electronic stability control (ECS), blind spot detection (BSD), adaptive cruise control (ACC) and lane change assist (LCA) among others. These all intelligent functions mentioned above require a semiconductor device to perform their function. The main function of a semiconductor is to conduct electricity easily in one direction among other more specific functions.

Regulations regarding safety and emission will drive the market for connected components and devices in the vehicle to ensure monitoring and reporting of vehicle emission complying to the regulations set by the government. They require increasingly powerful semiconductors to ensure that vehicles’ performance is in compliance. Thus the above reason in turn is helping the market for automotive semiconductors to grow during the forecasted period from 2016 – 2024.

Moreover vehicle standards such as New Car Assessment program (NCAP) that gives safety ratings to new vehicles manufactured as star-ratings, is boosting the car manufacturers to provide more and more electronic components to provide more safety and security systems for the vehicle. Obtaining the highest level of five star rating can act as a strong selling point for the vehicles. Its achievement relies on complex and sophisticated assisted driving systems that require significant semiconductor content for these systems to function.

The major drivers of automotive semiconductors market are growing numbers of electronic devices in a car to add passenger safety features and driver assistance systems. Even connected cars concept and other electronic devices present in the car that need to coordinate with the electronic control unit (ECU) are helping the growth of automotive semiconductors market during the forecasted period.

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For the purpose of detailed analysis, the global automotive semiconductor market can be segmented on the basis of vehicle type, component, application and geography. Based on vehicle type, the market can be bifurcated into passenger car, light commercial vehicle (LCV), heavy commercial vehicle (HCV) and hybrid vehicle. The passenger car segment can be further classified into compact and sub-compact vehicle, sedan, and SUV among others. On the other hand, various components used in automotive semiconductor includes processors, analog ICs, sensors, discrete power and memory. In automotive, different types of semiconductors also finds it application in telematics & infotainment, safety and powertrain. In addition, information regarding current market situation as well as future predictive growth trend of various above mentioned segments is also provided across different regions such as North America, Europe, Asia Pacific, Middle-East and Africa (MEA) and Latin America.

Based on component, the global semiconductor vehicle market is majorly driven by the discrete power segment during the forecast period from 2016 to 2024. Increasing demand for electrification of the major automobile applications such as powertrain and ABS among others is the most important factor anticipated to accelerate the demand of power components such as IGBT and MOSFET.

Again by application, telematics & infotainment segment held the largest market share in 2015. Increasing competition among various vehicle manufacturers to offer better comfort and convenience to their customers is encouraging different automobile manufacturers to use various semiconductor components for telematics and infotainment applications.

Geographically, Asia Pacific region is predicted to dominate the automotive semiconductor market during the forecast period from 2016 to 2024. Rapid technological advancement taking place in the automotive sector in Asia Pacific region in respect of increased safety, reduced fuel consumption and powertrain applications is the primary factor anticipated to drive the demand of semiconductors used in automotive.

Some of the major players operating in the automotive semiconductor market includes Infineon technologies (Germany), NXP Semiconductors N.V. (Netherlands.), Texas Instruments Inc. (U.S.), Toshiba Corporation (Japan.), Robert Bosch GmbH (Germany) and ON Semiconductor Corp. (U.S.) among others.

LBA Technology, Inc. Named Distributor for Versatile RF Safety Survey Meter Line

DIGMPE-8000 RF Survey System Checking Cell Tower EMF Radiation

DIGMPE-8000 RF Survey System Checking Cell Tower EMF Radiation

The addition of the EMCTD Smart Fieldmeter® line makes LBA a complete one stop shop for all things related to RF Safety,

LBA Group, Inc. (LBA) announced that EMC Test Design, LLC has named its test equipment unit, LBA Technology, Inc., a distributor in the Americas for EMCTD Smart Fieldmeter® systems. Widely accepted for their high quality, EMCTD instruments are nevertheless among the lowest cost of competitive RF survey meters.

LBA can now complement its traditional suite of RF safety services with a professional, cost effective broadband RF Safety survey meter selection. LBA’s EMCTD offerings will support FCC, OSHA, and international radio frequency compliance in the industrial, broadcast, and wireless communications markets. Broadband Smart Fieldmeters®, broadband RF probes, and accessories can be combined in many ways to suit industry-specific requirements.

Broadband RF survey meters are used for laboratory testing of RF devices and maximum permissible exposure (MPE) surveys on broadcast, communications, medical, and industrial systems. Some industrial applications include surveys on RF welders, lasers, heat sealers and semiconductor production equipment. These meters are perfect for compliance tests on many types of RF producing equipment to demonstrate conformance with OSHA, FCC, ICNRP, Canada Safety Code 6, and other RF health standards.

Recognizing that most users in its markets are not RF engineers, LBA has pre-engineered four versatile broadband Smart Fieldmeter® systems containing the correct instruments, probe(s) and accessories for OSHA/FCC compliance specialists to immediately apply to their needs in the broadcast, wireless communications and industrial sectors. The LBA function-engineered EMCTD broadband RF meter ensembles are ANGPE-3000 (general purpose analog), DIGPE-3000 (general purpose digital), DIGPEH-3000 (industrial and AM/SW broadcast) and the DIGMPE-8000 (shaped response for broadcast and wireless communications).

“We’re pleased to now offer a solutions oriented ensemble of preselected RF Safety survey meters and accessories that are ready to go for our wireless and industrial customers,” LBA Test Equipment Specialist, Aaron Smith said.

Beyond the pre-engineered systems, the full range of EMCTD test products is available from LBA Technology. These include digital and analog survey instruments, a full range of probes for both electrical and magnetic field measurements up to 40 GHz, utility accessories, and software options. Specifications for EMCTD Smart Fieldmeter® products are available HERE.

“We are most excited about the addition of the EMCTD Smart Fieldmeter® line because this now makes LBA a complete one stop shop for all things related to RF Safety,” LBA COO, Mike Britner said. “Our NIER and other RF safety audits, RF safety awareness training, and selection of RF personal protective equipment have long been mainstays in the RF community,” Britner added.

More information on LBA Technology’s new EMCTD Smart Fieldmeter® family of RF Safety survey systems is available at: https://www.lbagroup.com/products/emctd-smartfieldmeter-rf-emf-radhaz-safety-survey-meter-systems, or contact Aaron Smith, 252-757-0279, aaron.smith(at)lbagroup(dot)com for more information on all LBA RF Safety One Stop Services.

Keep up with LBA news and information by following the company on Facebook at: https://www.facebook.com/LBAGroup.

About LBA

LBA Group, Inc. has over 50 years of experience in providing RF asset solutions and risk management for industrial and telecommunications infrastructure assets. The company is comprised of the technology consultancy, Lawrence Behr Associates, Inc.; LBA Technology, Inc., a leading manufacturer and integrator of radio frequency systems, lightning protection, and EMC equipment for broadcast, industrial, and government users worldwide; and LBA University, Inc., providing on-site and online professional training. The companies are based in Greenville, N.C., USA.

About EMC Test Design

EMC Test Design, LLC (EMCTD) is a leading designer and manufacturer of electronic products for EMC testing. EMCTD has been designing and manufacturing state of the art test instruments since 1992.

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Data Center Liquid Cooling Market – Need of Heat Management Solutions and Effective Cooling for High Density Computer

Albany, NY — (SBWIRE) — 02/20/2017 — High temperature and excess heat can affect equipment performance, shorten the equipment lifespan, and cause system downtime in data centers. The data centers require more electricity and hence produce more heat. To cool down the heat produced at the data centers due to these severs liquid cooling solutions are used. In today’s modern times, every data center is liquid cooled. In most of the data centers liquid is brought into a Computer Room Air Handlers (CRAH) or a Computer Room Air Conditioning (CRAC) unit to cool the air inside the data center. However there are significant disadvantages of CRAH and CRAC units. First is to produce enough cold air to cool servers, the liquid coolant in data center should be refrigerated to the temperature which is colder than the ambient (outer) air. The refrigeration of liquid coolant is expensive. Second disadvantage is that cold air which is produced by the CRAH and CRAC units at the periphery of the data center requires considerable effort to move it towards the racks. Third disadvantage is the considerable effort needed to then move it through servers using server fans. Due to this rear door, over-row and in-row liquid coolers are used which reduce the cost of moving the air through the data center by placing the unit for cooling the air close to the server. As air handling is being simplified expensive chillers are not required.

The major driver for the data center liquid cooling market is the increasing power and cooling demand of modern equipments. Another driver driving the data center liquid cooling market is high heat load inside many data centers is making it difficult to accommodate purchase of new equipment which is restricting the expansion and limiting the growth of the organizations. Need of heat management solutions and effective cooling for high density computer and blade servers is also the factor augmenting the demand for data center liquid cooling. The data center liquid cooling market is anticipated to grow because of the cooling with reduced carbon footprint due to the application of advanced engineering coolants. As liquids are denser than air, they provide for an excellent cooling medium and hence are better conductors of heat energy. This further augments the demand for data center liquid cooling. However Liquid is both conductive and corrosive along with electricity and any type of breach in the data center liquid cooling system can be devastating for the facilities and systems. This poses a major challenge for the data center liquid cooling market.

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The data center liquid cooling market can be segmented based on the product type (Modular Liquid Cooling Units, Door Units, Integrated Rack-Based Liquid Cooling, Liquid Cooling/Heat Exchangers for Hot Spots, Device-Mounted Liquid Cooling), and based on geography (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America).

Modular liquid cooling unit accounts for the largest data center liquid cooling market as they can provide highest total cooling capacity of 30kW. North America is the largest market for the data center liquid cooling and is anticipated to be the largest market in the coming years. U.S. dominates in the data center operations and is the major market for data center liquid cooling sytems in the region. Asia Pacific is the largest growing market for the data center liquid cooling systems due growing number of data centers in the region.

Some of the key players include Rittal GmbH and Co. Kg. (Germany), Asetek (Denmark), Emerson Electric Co. (U.S.), IBM Corporation (U.S.), Schneider Electric SE (France), Green Revolution Cooling Inc. (U.S.), , Horizon Computing Solutions (France), Green Data Center LLP (Malaysia), Midas Green Technologies LLC (U.S.), and Allied Control Ltd. (Hong Kong).

Data Converters Market – Enabling System Designers to Use Applications That Comprise Communication Systems.

Albany, NY — (SBWIRE) — 02/20/2017 — Data converter is a device used for conversion of data from digital form into analog or vice-versa. The data conversion takes place in multiple methods. The computer hardware is built on certain standards and it stores the data. Similarly, an operating system is built to match the hardware, which manages the files and stores the data. Moreover, computer programs differ with each other and manage the data in a unique way. Each time the data variable is changed, the data needs to be processed or converted in such a manner that it can be decoded by the particular operating system. Data conversion can be highly simple. For instance, conversion of basic text files, which involves character encoding from one system to another. Data conversion may also involve complex data conversion wherein audio files are converted to image files.

One of the factors driving the global data converters market is emergence of radio frequency (RF) sampling data converters. There has been rising demand for these data converters, as they enable system designers to use applications that comprise communication systems. Increasing demand for high-speed data converters, which are employed in electronic warfare, is expected to drive the global data converters market in the next few years. There has been rising demand for up-to-date designs for electronic warfare which require data converters. Data converters provide Nyquist frequency, which is greater than 2 GHz.

By application, the data converters market has been segmented into automotive, industrial consumer electronics, and wireless infrastructure. Data converters with up-to-date features have been introduced in the automotive industry. Innovative features such as electronic stability program (EPS), anti-lock braking system (ABS), remote key-less entry, and multiple display panels require data converter systems. The microcontroller unit (MCU) controls a wide range of components in the vehicle. Moreover, the rise in demand for automotive infotainment systems is estimated to propel the market for data converters in the next few years. Consumer electronics is the second major segment of the global data converters market. Data converters have extensive applications in consumer electronic appliances such as tablets, smart phones, and notebooks. Data converters are required in converting the data for basic functions such as video streaming, video calling, touch sensing, and image capture. Moreover, the rise in network penetration, which drives the rate of 3G/4G compatibility in smart phones, is also projected to propel the global data converters market.

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Geographically, the global data converters market can be segmented into North America, Asia Pacific, Rest of the World, and Europe. Asia Pacific was the leading contributor to the global data converters market in 2015. Asia Pacific is the leading manufacturer of smart phones, PCs, tablets, and other portable computing devices and it witnesses high demand for data converters. North America and Europe followed Asia Pacific in the global data converters market in 2015. Asia Pacific is anticipated to lead the global market in the next few years.

Some of the key vendors operating in the global data converters market include Analog Devices (the U.S.), NXP Semiconductors (The Netherlands), Texas Instruments (the U.S.), STMicroelctronics (Switzerland), and Maxim Integrated (the U.S.). Most of these major players are partnering with customers to obtain strong knowledge about the requirement for data converters before designing the device. For instance, Analog Devices (the U.S.) has partnered with Apple Inc. to provide integrated circuits for Apple’s phone 6S.

IDEX Launches Glass and Ceramic Fingerprint Sensors for Smartphones

IDEX, a leading developer of advanced fingerprint solutions for mass markets, today announced the expansion of its broad portfolio of fingerprint solutions with the launch of a new series of glass and ceramic touch sensors for mobile applications. IDEX’s new fingerprint sensor solutions are based on the company’s silicon-based Cardinal architecture with enhanced imaging performance to replace conventional coating by sensing through glass and ceramic covers. The new glass and ceramic sensor product range has been developed in partnership with CanvasBio.

“Our newest form factor sensors offer the sleek look and feel of glass to mobile OEMs, which are increasing relying on glass to strengthen the industrial designs of next generation smartphones. Intended for front mounted mobile applications, IDEX’s glass and ceramic sensor solutions combine an elegant cosmetic solution and strong biometric performance at a very competitive price point.

We are confident this expansion of our touch fingerprint sensor portfolio will continue the commercial momentum we have built in the mobile market,” said Dr Hemant Mardia, CEO of IDEX ASA.

IDEX will demonstrate its new glass and ceramic fingerprint sensor at the IDEX meeting room in Hall 2 to selected customers during Mobile World Congress in Barcelona from February 27 March 2.

About IDEX

IDEX (idex.no) develops and sells advanced fingerprint sensor technology and products. The company’s technology is used in a range of biometrically enabled applications within three core markets: Mobile, Smart Cards and Internet of Things (IoT). IDEX’s addressable market represents a fast-growing multi-billion unit opportunity.

IDEX’s technology includes both the conventional silicon sensor and a unique off-chip technology, which means that the company can offer its partners solutions which are flexible and cost efficient.

IDEX ASA is a Norwegian company, founded in 1996 and listed on the Oslo stock exchange in 2010.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Rapier Gold Inc. Announces Private Placement to Continue Exploration Programs at Pen Gold Project

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Feb. 20, 2017) –

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Rapier Gold Inc. (TSX VENTURE:RPR) (the “Company”) is pleased to announce a non-brokered private placement of non-flow through units (the “NFT Units”) and flow through units (the “FT Units”) on a best efforts basis at a price of $0.10 per Non-Flow Through Unit (the “NFT Units”) and $0.115 per Flow Through Unit (the “FT Units”) for aggregate proceeds of up to $2,500,000 (the “Offering”).

Each of the NFT units and FT Units will include a transferable common share purchase warrant that will entitle the holder to purchase one common share at an exercise price of $0.15 for a period of 24 months. The Company reserves the right to increase the size of the private placement or to modify the type, nature and/or price of the units for any reason. The Offering and any modification to it are subject to compliance with applicable securities laws and approval of the TSX Venture Exchange. The Company may pay finders’ fees in accordance with the policies of the TSX Venture Exchange. The shares will be subject to a statutory four-month hold period. Secutor Capital Management Corp., as well as other parties, are acting as finders on this financing.

The proceeds from the issuance of the FT Units will be used to incur Canadian Exploration Expenses on the Issuer’s Pen Gold Project located in the Province of Ontario, and the proceeds from the NFT Units will be used by the issuer for general working capital.

The results of the Company’s summer exploration program and winter drilling program were summarized in detail in the Company’s news release dated December 6, 2016.

Diamond drilling work permits are in place and Rapier has finalized a winter drill program of approx. 3,000 m in three areas of the Pen Gold Project;

  • Area 1 – Nib Yellowknife Area – exploration extensions of anomalous values and determine what the width and possible strike length are, once attitude of mineralization is determined. 3-4 holes
  • Area 2- Broadsword Area – Determine if grade and thickness warrant further work. 2-3 holes
  • Area 3 – Talc Mine Area – 5-7 holes to explore extension of New Vein Zone from hole PG13-108
  • Follow up for Areas 1 – 3. 10 holes; these will be allocated depending on results from the previous drilling. Targets along the Eastgate-Westgate and Porphyry trends will be investigated during the program and drill holes diverted there if warranted. The three areas are shown in Appendix 1.

High resolution aero magnetics will be flown in late winter to early spring over the Pen Gold South and newly staked grounds, totally over 12,000 hectares, to complete the geophysics coverage and to aid in geological interpretation and exploration targeting for the 2017 summer field season.

Speaking of the financing, Roger Walsh, the Company’s President, stated, “The Company’s exploration strategy has been in process since early last year where the summer exploration program, designed to deliver high value drill targets, would be funded by capital raising in late 2016. This is consistent with the corporate presentations and information provided to the market and shareholders. There has been a significant delay in raising this funding which is directly attributable to the Company providing exclusivity to a company that presented a business transaction. In compliance with the conditions of that exclusivity, the Company refrained from raising funds while the Special Committee evaluated a proposal for a potential business transaction.” See news release of February 15, 2017.

Certain directors and officers of the Company may acquire securities under the private placement. Such participation is considered to be a “related party transaction” as defined under Multilateral Instrument 61-101 (“MI 61-101”). The transaction will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of any shares issued to or the consideration paid by such persons will exceed 25% of the Company’s market capitalization.

Gary Wong, P. Eng., Vice-President Exploration of the Company, and a Qualified Person under the definition in National Instrument 43-101, has reviewed and approved the technical content of this release.

Pen Gold Project Summary

  • The Company’s activities are exclusively focused on exploring the Pen Gold Project, comprising approximately 19,333 hectares (approximately 193 sq. km.) located on Highway 101, 75 km south west of Timmins, Ontario. (See Appendix 2). The project is approximately 45 km southwest of Tahoe Resources Timmins West Mine and the recently discovered 144 Exploration Area.
  • The Pen Gold Project is located approximately 85 km northeast of Goldcorp’s Borden Gold Project. In March 2015 Goldcorp acquired this project in the takeover of Probe Mines for $526 million. Goldcorp are actively advancing the Borden Gold Project as a source of ore for the 11,000 tpd Dome Mill, located 160 km away in Timmins.
  • The Pen Gold Project appears to be on the western extension of the Porcupine-Destor Fault Zone (PDFZ), one of the most productive gold structures in the world. This fault zone extends east into Quebec and hosts many of the largest and most famous gold mines in Canada. The Timmins Camp has produced approximately 72.5 million ounces of gold to date.
  • Probe Metals acquired the Ivanhoe Project located to the west of Rapier’s Pen Gold Project and the West Porcupine and Ross Properties to the east of the Pen Gold Project.

ON BEHALF OF THE BOARD OF DIRECTORS

Roger Walsh, President & CEO

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 news release.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or the securities laws of any state of the United States and may not be offered or sold within the United States or to, or for the account or the benefit of, any person in the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.

Cautionary Note Regarding Forward Looking Statements: Certain disclosure in this release constitutes forward-looking statements. In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that are based on the Company’s current beliefs as well as assumptions made by and information currently available to the Company, including that the Company is able to procure personnel, equipment and supplies required for its exploration activities in sufficient quantities and on a timely basis and that actual results of exploration activities are consistent with management’s expectations. Although the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such risk factors include, among others, that actual results of the Company’s exploration activities will be different than those expected by management and that the Company will be unable to obtain financing, or will experience delays in obtaining any required government approvals or be unable to procure required equipment and supplies in sufficient quantities and on a timely basis. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

To view Appendix 1, please visit the following link: http://media3.marketwire.com/docs/1086340Appendix1.jpg.

To view Appendix 2, please visit the following link: http://media3.marketwire.com/docs/1086340Appendix2.jpg.

Form 8.5 (EPT/NON-RI) – TESCO PLC – AMENDMENT

LONDON–(BUSINESS WIRE)–

FORM 8.5 (EPT/NON-RI)

AMENDMENT TO SECTION 2 (a) & 3 (a)

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN

EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY (“RI”) STATUS (OR WHERE RI STATUS IS NOT APPLICABLE)

Rule 8.5 of the Takeover Code (the “Code”)

1. KEY INFORMATION

(a)   Name of exempt principal trader:   BARCLAYS CAPITAL SECURITIES LTD
(b) Name of offeror/offeree in relation to whose TESCO PLC
  relevant securities this form relates:  
(c) Name of the party to the offer with which exempt TESCO PLC
  principal trader is connected  
(d) Date position held/dealing undertaken: 16 February 2017
(e) In addition to the company in 1(b) above, is the exempt principal YES:
  trader making disclosures in respect of any other party to the offer? BOOKER GROUP PLC

2. POSITIONS OF THE EXEMPT PRINCIPAL TRADER

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

Class of relevant security:   ORD
  Interests   Short Positions
    Number   (%) Number   (%)
(1) Relevant securities owned
and/or controlled: 24,764,006 0.30% 31,082,277 0.38%
           
(2) Cash-settled derivatives:
13,412,911 0.16% 6,529,411 0.08%
           
(3) Stock-settled derivatives (including options)
and agreements to purchase/sell: 0 0.00% 0 0.00%
           
(4)
TOTAL: 38,176,917 0.47% 37,611,688 0.46%

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b) Rights to subscribe for new securities (including directors’ and other employee options)

Class of relevant security in relation to which subscription right exists:  
Details, including nature of the rights concerned and relevant percentages:  

3. DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a) Purchases and sales

Class of relevant   Purchase/sale   Total number of   Highest price per unit   Lowest price per unit
security   securities paid/received paid/received
5p ORD Purchase 577,363 1.9725 GBP 1.9475 GBP
5p ORD Sale 908,110 1.9725 GBP 1.9475 GBP
ADR Purchase 9,428 7.3608 USD 7.28 USD
ADR Sale 9,428 7.3608 USD 7.28 USD

(b) Cash-settled derivative transactions

Class of   Product   Nature of dealing   Number of   Price per
relevant description reference unit
security     securities  
5p ORD CFD Long 3,525 1.9503 GBP
5p ORD CFD Long 9,812 1.9697 GBP
5p ORD CFD Long 12,635 1.9629 GBP
5p ORD SWAP Long 25,378 1.9576 GBP
5p ORD SWAP Long 27,405 1.9699 GBP
5p ORD SWAP Long 50,021 1.9647 GBP
5p ORD SWAP Long 99,541 1.9678 GBP
5p ORD SWAP Expires 20/03/2018 Long 118,021 1.9619 GBP
5p ORD SWAP Long 178,860 1.9661 GBP
5p ORD SWAP Short 1,900 1.9515 GBP
5p ORD SWAP Short 10,346 1.9656 GBP
5p ORD CFD Short 15,600 1.9522 GBP
5p ORD SWAP Short 27,412 1.9493 GBP
5p ORD CFD Short 61,367 1.9680 GBP
5p ORD SWAP Short 61,367 1.9680 GBP
5p ORD CFD Short 85,766 1.9595 GBP

(c) Stock-settled derivative transactions (including options)

(i) Writing, selling, purchasing or varying

Class of relevant security   Product description e.g. call option   Writing, purchasing, selling, varying etc.   Number of securities to which option relates   Exercise price per unit   Type

e.g. American, European etc.

  Expiry date   Option money paid/ received per unit

(ii) Exercise

Class of relevant security   Product description

e.g. call option

  Exercising/ exercised against   Number of securities   Exercise price per unit

(d) Other dealings (including subscribing for new securities)

Class of relevant security   Nature of dealing

e.g. subscription, conversion

  Details   Price per unit (if applicable)

4. OTHER INFORMATION

(a) Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer:

Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

None

(b) Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to:

(i) the voting rights of any relevant securities under any option; or

(ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:

If there are no such agreements, arrangements or understandings, state “none”

None

(c) Attachments

Is a Supplemental Form 8 (Open Positions) attached?   YES
Date of disclosure: 20 Feb 2017
Contact name: Hemika Mistry
Telephone number: 020 7116 3891

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

143221.01

SUPPLEMENTAL FORM 8 (OPEN POSITIONS)

DETAILS OF OPEN STOCK-SETTLED DERIVATIVE (INCLUDING OPTION) POSITIONS, AGREEMENTS TO PURCHASE OR SELL ETC.

Note 5(i) on Rule 8 of the Takeover Code (the “Code”)

1. KEY INFORMATION

Identity of the person whose positions/dealings   BARCLAYS CAPITAL SECURITIES LTD
are being disclosed:  
Name of offeror/offeree in relation to whose TESCO PLC
relevant securities this from relates:  

2. STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS)

Class   Product   Writing,   Number   Exercise   Type   Expiry
of description purchasing, of price date
relevant selling, securities per unit
security varying etc to which
option
      relates      
ORD Call Options Purchased 1,943,618 2.4248 European 7 Apr 2017

3. AGREEMENTS TO PURCHASE OR SELL ETC.

Full details should be given so that the nature of the interest or position can be fully understood:

It is not necessary to provide details on a Supplemental Form (Open Positions) with regard to cash-settled derivatives.

The currency of all prices and other monetary amounts should be stated.

The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170220005583/en/

BARCLAYS PLC

Source: BARCLAYS PLC


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Form 8.5 (EPT/NON-RI) – TESCO PLC – AMENDMENT – RNS

Exclusive Access to the Making of a Supercar: Acura Launches ‘NSX Insider Experience’ for Owners

TORRANCE, Calif., Feb. 20, 2017 /PRNewswire/ — Acura announced today the launch of the NSX Insider Experience, a personalized program designed for NSX owners1 to experience the making of their bespoke supercar. The program gives owners a curated, one-on-one tour of key Acura facilities across Ohio, including the Performance Manufacturing Center (PMC), where the NSX is built, and the NSX engine assembly room at the Anna Engine Plant. Guests also have the opportunity to track an NSX, guided by professional drivers, on the same proving grounds where it was developed and tuned – the Transportation Research Center.

The 2017 Acura NSX is the only supercar designed, developed and manufactured in the U.S., and is produced exclusively at the Performance Manufacturing Center in Marysville, Ohio2. The PMC is home to master technicians who have created sophisticated new manufacturing methods around the unique capabilities and specifications of the NSX. Built with customers in mind, the unique design of the PMC allows owners to interact with associates during key points in the build process. Current owners can begin participating in the experience now. This spring, new owners will have the opportunity to witness and participate in the making of their individual NSX, including the opportunity to place the Acura emblem on their vehicle.

“NSX Insider Experience takes our clients behind-the-scenes to see the precision craftsmanship that goes into each NSX,” said Jon Ikeda, vice president and general manager of Acura. “This is a memorable and deeply personal journey that we hope will convey the sense of pride and passion we have for the NSX.”

Signature Experience
The NSX Insider Experience offers personalized service from an Acura NSX concierge who will handle all tour details, from crafting the package to making travel arrangements including hotel accommodations, ground transportation, restaurant reservations and evening entertainment options. Upon arrival, owners will be greeted by an onsite guide who will host them through the entire experience.

At the NSX engine assembly room, owners will witness how each NSX engine is machine balanced, bench tested and broken-in to the equivalent of 150 miles of service, ensuring that every NSX engine is track-ready upon customer delivery. In addition, the experience includes viewing of the engine installation, along with the NSX’s revolutionary front-mounted Twin Motor Unit, which enables electrically powered torque vectoring, a world’s first capability in the sports car realm.

As part of the NSX Insider Experience, Acura has partnered with Le Méridien’s luxury Joseph Hotel in Columbus, Ohio. NSX owners can enjoy a one-of-a-kind guest experience in a custom NSX room at The Joseph, the official hotel of the NSX Insider Experience.

Tour Package Options
The Acura NSX Insider Experience is offered in six distinct packages and owners can choose either one or two-day tour options, which can be customized to include a tour of the Anna Engine Plant in addition to the tour of the PMC. Additional options include a two or four-hour performance driving experience at the Acura Proving Grounds, as well as a tour of the Honda Heritage Center. Packages start at $2,700. More information on the NSX Insider Experience is available at nsxinsiderexperience.com.

About Acura

Acura is a leading automotive luxury nameplate that delivers Precision Crafted Performance, an original approach to technology and design that creates a new driving experience.

The Acura lineup features six distinctive models – the RLX premium, luxury sedan, the TLX performance luxury sedan, the ILX sport sedan, the 5-passenger RDX luxury crossover SUV, and the seven-passenger Acura MDX, America’s all-time best-selling three-row luxury SUV. Last spring, Acura launched the next-generation, electrified NSX supercar as a new and pinnacle expression of Acura Precision Crafted Performance.

For More Information
Consumer information is available at www.acura.com. To join the Acura community on Facebook, visit facebook.com/Acura. Additional media information including pricing, features and high-resolution photography is available at acuranews.com/channels/acura-automobiles

1 NSX Insider Experience program is currently open to U.S. Acura NSX customers.
2 Assembled using domestic and globally sourced parts.

 

SOURCE Acura

Joint statement on the Central African Republic

Libreville, Addis Ababa, Paris, Brussels and New York, 19 February 2017: The Economic Community of Central African States (ECCAS), the African Union (AU), the International Organization of La Francophonie (IOF), the European Union (EU) and the United Nations (UN) are deeply concerned by the security situation in the Central African Republic (CAR), particularly in the prefectures of Ouakaand Hautte-Kotto.

The five partner organizations condemn the latest acts of violence perpetrated by the Front populaire pour la Renaissancede Centrafrique (FPRC) and its allies, as well as by the Mouvement pour l’Unité et la Paix en Centrafrique (UPC), that have caused heavy civilian losses and significant population displacement, thereby worsening an already alarming humanitarian situation. They express their deep appreciation for the robust action undertaken by MINUSCA, in the framework of its mandate, to protect civilians and help put an end to violence in the areas threatened by the belligerents, and encourage it to continue its efforts.

The five partner organizations demand that the belligerents cease the hostilities immediately. They recall that all attacks against the civilian population, the United Nations and humanitarian personnel may be subject to judicial prosecution, in line with the Central African legislation and international law. They welcome the measures put in place for the operationalization of the Special Criminal Court. 

The five partner organizations recall that only dialogue, in strict adherence with the constitutional and democratic order, will allow the concerned Central African actors to find the appropriate and sustainable responses to their legitimate grievances. In this regard, they reiterate the importance of the African Initiative for Peace and Reconciliation led by the AU, ECCAS and the International Conference on the Great Lakes Region (ICGLR) and supported by Angola, the Republic of Congo and Chad. They expressed their commitment to work together for the success of this Initiative, in support of the efforts of President Faustin-Archange Touadéra aimed at sustainably promoting reconciliation and inclusive governance in line with the conclusions of the Bangui Forum. They underscore that those armed groups that engage in new violent acts run the risk of excluding themselves from the African Initiative and expose themselves to additional international sanctions.