Pistol Bay $PST has contracted Geotech Ltd to carry out a 1,128 line-km helicopter-borne survey of the central part of the Company’s land position in Ontario. The survey will use Geotech’s Versatile Time-Domain Electromagnetic (VTEM Plus) system, which includes a horizontal magnetic gradiometer.
Pistol Bay anticipates that this survey will explore the survey area to a significantly greater depth than previous airborne surveys, the last of which was done 20 years ago.
dynaCERT $DYA $DYFSF has received CE Certification for its HydraGENTM techology for shipments to clients within Europe. Specifically, the models HG1 (Class 6-8 trucks), HG2 (Class 2-5 trucks, refrigerated trailers and shipping containers) and HG3 (diesel-powered ocean ships, locomotives and stationary generators).
The letters “CE” are the abbreviation of French phrase “Conformité Européene” which literally means “European Conformity”. This signifies that products sold in the European Economic Area (EEA) have been assessed to meet high safety, health, and environmental protection requirements. This also applies to products made in other countries that are sold in the EEA.
There are two main benefits CE marking brings to businesses and consumers within the EEA:
- Businesses know that products bearing the CE marking can be traded in the EEA without restrictions.
- Consumers enjoy the same level of health, safety, and environmental protection throughout the entire EEA.
dynaCERT announced that Mr. Enrico Schlaepfer has joined the company as the VP of Global Sales. Mr. Schlaepfer is fluent in English, French, German and Italian and has over 35 years experience managing large global sales and distribution agents. Mr. Schlaepfer states, “CE Certification now paves the road to the European market and to my contacts in Europe.”
Broad Oak Associates is providing a revised 43-101 compliant mineral resource for the Arrow Zone. The Arrow Zone is the most advanced mineralized zone on the 17,400 acres Confederation lake VMS project. The new resource estimate is not expected to differ by more than a few percent from the 2007 estimates.
Pistol Bay $PST has amended their agreement with Rio Tinto Exploration Canada with regard to the C4, 5 and 6 Uranium properties, whereby Rio Tinto will make an initial cash payment of $750,000 to Pistol Bay.
Under the amending agreement, Rio Tinto will acquire an additional 25% interest in the Property (thereby increasing its aggregate interest to 100%), by:
a) paying Pistol Bay $750,000 on or before April 17, 2017; and b) paying Pistol Bay one of the following payments:
i) $1,500,000 on or before 31 December 2017; ii) $2,000,000 on or before 31 December 2018; or iii) $2,250,000 on or before 31 December 2019.
dynaCERT $DYA $DYFSF announced new purchase orders for over 430 HydraGENTM units exceeding $2.7 million in sales. Purchase orders for the year-to-date exceeds 700 units, resulting in total gross sales of over $4.5 million.
At the AGM, the company unveiled a 3-D image of a new produce prototype, the HG-2 (HydraGENTM or HG-2) which is specifically designed for the refrigerated container (reefer) market. In connection with this initiative, Domenic Macri, GM of #Loblaw Transport, #Ontario was present at the AGM. #Loblaw has installed units on four of their Class 8 trucks and delivered one of their reefer trailers for testing of the new HG-2 unit.
All incumbent directors were re-elected as Directors of the Company. The Company granted a total of 300,000 stock options to the CFO, which vest immediately and set at an exercise price of $0.94 for a period of five years.
Pistol Bay $PST has optioned two additional claim groups in the Confederation Lake greenstone belt, Ontario which brings their land position in this belt to approximately 9,450 ha over a 53 km length of favourable volcanic geology.
The two claim groups are called Lucky 7 and Moth groups. The Lucky 7 covers a number of mineralized zones which adjoin the Garnet Lake and Garnet East claim groups. A copper-gold sulphide zone, which apparently grades into a siliceous gold zone at its eastern end, was stripped and drill tested in 2002 by Kings Bay Gold Corp. A zone of massive to disseminated sulphides has been trenched but apparently never drilled.
The Moth group of 10 claims comprises 85 units over 1,360 ha and covers a 5.5 km length of favourable geology and its north boundary is only 2 km from former producing South Bay mine.The area was extensively explored between 1970 and the mid 1990s, with at least 14 diamond drill holes. Widespread hydrothermal alteration was noted and there were numerous indications of zinc and/or copper mineralization.
Triumph Gold $TIG $NFRGF retained IR Pro Communications Inc. for investor relations and corporate communications activities.
Triumph has agreed to pay IRPC a monthly fee of C$3,500 plus GST on a one year term.
Pistol Bay closed a non-brokered private placement financing for total gross proceeds of $548,436.89, issuing 5,566,126 NFT units at a price of $0.07 per NFT unit and 1,764,534 FT unit at a price of $0.09 per FT unit. Gross hard dollars raised is $389,628.83 and FT dollars is $158,808.06.
The FT units are one common share and 1/2 share purchase warrant with each whole warrant priced at $0.15 for a period of up to 18 months.
Finder’s fees of $9,580 were paid and 50,000 finder’s warrants issued.
Incumbent directors John Anderson, Paul Reynolds, Joe Campbell and Marco Strub were re-elected to the board of directors. Gregory Sparks was elected as a new director and previous directors Bill Harris and Greg Johnson did not stand for re-election.
Greg Sparks is a registered Professional Engineer and currently the Managing Director-Metals of John T. Boyd Company Mining and Geological Consultants. He has over 40 years of diverse experience relating to surface and underground mines and plants.
dynaCERT has extended the formal strategic Voluntary Lock-Up Agreement and increased from 55M shares to over 72M shares. The extended lock-up period is to July 31, 2017.
Ms. Yumey Fernandez, CFO & Corporate Secretary, has resigned due to personal reasons. Mr. Terrence MacDonald, CPA, CA has been appointed the new CFO & Corporate Secretary. Mr. Khoa Tran, B.A., has joined the dynaCERT team as the Director of Finance.
dynaCERT has received approval from The Depository Trust Company (“DTC”) of New York, NY and is now DTC eligible under the symbol DYFSF.