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Yahoo Finance's Dan Howley joins Kristin Myers and Alexis Christoforous to break down what to expect from Apple's April 20th event.
Yahoo Finance's Dan Howley joins Kristin Myers and Alexis Christoforous to break down what to expect from Apple's April 20th event.
Labor has used its Budget Reply to reveal a plan to pay 10,000 Australians an extra $10,000.
Many are pointing to Ferguson’s back-to-back losses as a sign of his inevitable decline.
Tel Aviv, Israel, May 13, 2021 (GLOBE NEWSWIRE) -- Save Foods, Inc. (“Save Foods” or the “Company”) (Nasdaq: SVFD), an agri-food-tech company focused on developing and selling eco-friendly products specifically designed to extend the shelf life and ensure food safety of fresh fruits and vegetables, today announced the pricing of an underwritten public offering of 1,090,909 shares of Common Stock at a price to the public of $11.00 per share. The gross proceeds to the Company from this offering are expected to be approximately $12,000,000, before deducting underwriting discounts, commissions and other offering expenses, and excluding the exercise of the over-allotment option, if any. Save Foods has granted the underwriter a 45-day option to purchase up to 163,636 additional shares of Common Stock to cover over-allotments, if any, at the public offering price, less the underwriting discounts and commissions. All of the shares of common stock are being offered by the Company. The Offering is expected to close May 18, 2021, subject to satisfaction of customary closing conditions. The Company has received approval to list its common stock on the Nasdaq Capital Market under the symbol “SVFD” and is expected to begin trading on May 14, 2021. ThinkEquity, a division of Fordham Financial Management, Inc., is acting as sole book-running manager for the offering. Save Foods intends to use the proceeds of the offering for product research and development and purchase of lab equipment, gaining regulatory approvals and commercialization, building up its sales and marketing, working capital and general corporate purposes. The Securities and Exchange Commission (the “SEC”) declared effective a registration statement on Form S-1 relating to these securities on May 13, 2021. A final prospectus relating to this offering will be filed with the Securities and Exchange Commission. The offering is being made only by means of a prospectus. Copies of the final prospectus relating to the offering may be obtained, when available, by contacting ThinkEquity, a division of Fordham Financial Management, Inc., 17 State Street, 22nd Floor, New York, New York 10004, Telephone: (877) 436-3673, email: firstname.lastname@example.org. Investors may also obtain these documents at no cost by visiting the SEC’s website at https://www.sec.gov. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Save Foods, Inc.Save Foods is an innovative, dynamic company addressing two of the most significant challenges in the AgriFoodTech industry: food waste & loss and food safety. We are dedicated to delivering integrated solutions for improved safety, freshness and quality, every step of the way from field to fork. Collaborating closely with our customers, we develop new solutions that benefit the entire supply chain and improve the safety and quality of life of both the workers and the consumers alike. Our initial applications are in post-harvest treatments in fruit and vegetable packing houses processing citrus fruits, avocado, pears, bell peppers and mangos. By controlling and preventing pathogen contamination and significantly reducing the use of hazardous chemicals and their residues, Save Foods products not only prolong fresh produce shelf life and reduce food loss and waste, it also ensures a safe, natural, and healthy product. For more information, please visit https://savefoods.co/, the content of which is not a part of this press release. Forward Looking StatementsThis press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Save Foods is using forward-looking statements in this press release when it discusses the expected timing of the closing of the offering, the possible offering of additional shares of Common Stock, and the intended use of proceeds. Because such statements deal with future events and are based on Save Foods’ current expectations, they are subject to various risks and uncertainties. Actual results, performance or achievements of Save Food could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including market conditions and the satisfaction of all conditions to, and the closing of, the offering, as well as those discussed under the heading “Risk Factors” in Save Foods’ annual report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on March 29, 2021, and in any subsequent filings with the SEC. Except as otherwise required by law, Save Foods undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Save Foods is not responsible for the contents of third-party websites. MEDIA AND INVESTOR RELATIONS CONTACTDavid Palach, CEO | email@example.com
Technovation CEO and founder Tara Chklovski joined Yahoo Finance to disucss the latest in her non-profit venture.
CDC DIRECTOR ROCHELLE WALENSKY: “We have all longed for this moment” A major milestone in the fight against the coronavirus that will usher in a new phase of reopening in America. The U.S. Centers for Disease on Thursday said anyone who has been fully vaccinated can resume indoor and outdoor activities safely without a mask or physical distancing. CDC Director Dr. Rochelle Walensky: “Anyone who is fully vaccinated can participate in indoor and outdoor activities large or small without wearing a mask or physical distancing. If you are fully vaccinated, you can start doing the things you had stopped doing during the pandemic. We have all longed for this moment when we can get back to some sense of normalcy.” Walensky said the science and data on vaccinated individuals led health officials to Thursday’s unmasking decision but noted that face coverings will still be required in certain settings. "It's a good day for the country" U.S. President Joe Biden celebrated the milestone on Thursday. “Your country asked you to get vaccinated. You did. The American people stepped up. You did what I consider to be your patriotic duty. That's how we've gotten to this day… We’ll laugh again, we’ll know joy again, and we’ll smile again.” The CDC still recommends vaccinated people wear masks on planes and trains, and at airports, transit hubs, mass transit and in places like hospitals and doctor's offices. People who are immunocompromised should speak to their healthcare provider about giving up their mask and those who develop COVID symptoms should put their mask back on and get tested right away. The agency hopes Thursday’s announcement will prod more Americans to get vaccinated. WALENSKY: “The science is also very clear about unvaccinated people. You remain at risk of mild or severe illness, of death, or spreading the disease to others. You should still mask and you should get vaccinated right away.”The CDC said more guidance would soon be forthcoming on masking for businesses with patrons and schools and said that those decisions would ultimately be made and the state and local level.
VANCOUVER, British Columbia, May 13, 2021 (GLOBE NEWSWIRE) -- Ascot Resources Ltd (TSX: AOT; OTCQX: AOTVF) (“Ascot” or the “Company”) announces the Company’s unaudited financial results for the three months ended March 31, 2021 (“Q1 2021”). For details of the unaudited interim condensed consolidated financial statements and Management's Discussion and Analysis for the three months ended March 31, 2021, please see the Company’s filings on SEDAR (www.sedar.com). Derek White, President and CEO, commented, "Ascot has had a very productive first quarter of 2021, which included submitting the permit amendment application and completing the basic engineering. Subsequent to the quarter end, the Company raised just over $80 million, which together with our project financing facilities provides the funding to construct the Premier Gold Project (“PGP”). Ascot team is preparing the early work and construction planning and we anticipate mobilising people on site to advance the project in late May. Additionally, we see an opportunity to further advance on our numerous exploration targets and convert inferred resources into the mine plan both from underground and surface.” All amounts herein are reported in $000s of Canadian dollars (“C$”) unless otherwise specified Q1 2021 AND RECENT HIGHLIGHTS On April 20, 2021, the Company closed a bought deal private placement. A total of 24,000,000 common shares of the Company were sold at a price of $0.86 per common share for gross proceeds of $20,640. The proceeds will be used to fund the construction of PGP as well as for working capital and general corporate purposes.On April 9, 2021, the Company closed a bought deal financing. A total of 70,700,000 common shares of the Company were sold at a price of $0.86 per common share for gross proceeds of $60,802. The proceeds will be used to fund the construction of PGP and for general working capital purposes. This bought deal financing met the minimum equity raise requirement in the credit agreement of the Company’s credit facilities.On March 18, 2021, the Company provided an update on permitting, engineering and exploration of the PGP. During the Basic Engineering studies, the project team focused on reducing operating risk by upgrading components of the grinding area and associated electrical requirements. In addition, cost inflation related to steel prices and indirect costs also increased our initial capital estimate. This has resulted in a revised estimate for the initial capital which is approximately 20% higher than the initial capital estimate in the feasibility study published in May 2020 or a total of $176,000.On January 31, 2021, the Company submitted the Joint Mines Act / Environmental Management Act Permit Application (“Joint MA/EMA Application”) to amend Mines Act Permit M-179 and Environmental Management Act Permit PE-8044 for regulatory screening and then review. Subsequently, the screening phase was completed and the Joint MA/EMA Application moved to technical review phase on March 25, 2021. FINANCIAL RESULTS FOR THE THREE MONTHS ENDED MARCH 31, 2021 The Company reported a net income of $2,673 for Q1 2021 compared to a net loss of $3,484 for Q1 2020. The net income for Q1 2021 was driven by a $5,038 accounting gain on change in fair value of derivative liabilities and a $489 decrease in stock-based compensation charge due to fewer stock options granted in Q1 2021 compared to Q1 2020. LIQUIDITY AND CAPITAL RESOURCES During Q1 2021, 280,000 stock options and 15,558 DSUs were issued. No common shares or RSUs were issued in Q1 2021. As at March 31, 2021, the Company had cash & cash equivalents balance of $36,425. Included in cash and cash equivalents is $248, which is required to be spent on flow-through expenditures prior to December 31, 2022. Subsequent to the quarter end, the Company raised a combined $81,442 through a bought deal financing and private placement to fund the construction of its Premier Gold Project and for general working capital purposes. The Company has sufficient funding to meet its obligations for the next twelve months. Qualified Person John Kiernan, P. Eng., Chief Operating Officer of the Company, is the Company’s Qualified Person (QP) as defined by National Instrument 43-101 and has reviewed and approved the technical contents of this news release. ON BEHALF OF THE BOARD OF DIRECTORS OFASCOT RESOURCES LTD. “Derek C. White”, President and CEO For further information contact:Kristina HoweVP, Investor Relations778-725-1060 / firstname.lastname@example.org About Ascot Resources Ltd. Ascot is a Canadian-based exploration and development company focused on re-starting the past producing historic Premier gold mine, located in British Columbia's Golden Triangle. The Company continues to define high-grade resources for underground mining with the near-term goal of converting the underground resources into reserves, while continuing to explore nearby targets on its Premier/Dilworth and Silver Coin properties (collectively referred to as the Premier Gold Project). Ascot's acquisition of IDM Mining added the high-grade gold and silver Red Mountain Project to its portfolio and positions the Company as a leading consolidator of high-quality assets in the Golden Triangle. For more information about the Company, please refer to the Company’s profile on SEDAR at www.sedar.com or visit the Company’s web site at www.ascotgold.com, or for a virtual tour visit www.vrify.com under Ascot Resources. The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Cautionary Statement Regarding Forward-Looking Information All statements, trend analysis and other information contained in this press release about anticipated future events or results constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. All statements, other than statements of historical fact, included herein are forward-looking statements, including statements in respect of the closing of the Private Placement and the use of proceeds. Although Ascot believes that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements since Ascot can give no assurance that such expectations will prove to be correct. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements, including the risks, uncertainties and other factors identified in the Ascot’s periodic filings with Canadian securities regulators, and assumptions made with regard to: the estimated costs associated with construction of the Project; the timing of the anticipated start of production at the Projects; the ability to maintain throughput and production levels at the Premier Mill; the tax rate applicable to the Company; future commodity prices; the grade of Resources and Reserves; the ability of the Company to convert inferred resources to other categories; the ability of the Company to reduce mining dilution; the ability to reduce capital costs. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Important factors that could cause actual results to differ materially from Ascot’s expectations include risks associated with the business of Ascot; risks related to exploration and potential development of Ascot’s projects; business and economic conditions in the mining industry generally; fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and indigenous groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; risks associated with COVID-19 including adverse impacts on the world economy, construction timing and the availability of personnel; and other risk factors as detailed from time to time and additional risks identified in Ascot’s filings with Canadian securities regulators on SEDAR in Canada (available at www.sedar.com). The timing of future economic studies; labour disputes and other risks of the mining industry; delays in obtaining governmental approvals, financing or in the completion of Project as well as those factors discussed in the Annual Information Form of the Company dated March 13, 2020 in the section entitled "Risk Factors", under Ascot’s SEDAR profile at www.sedar.com. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. Ascot does not undertake any obligation to update forward-looking statements.
Last Chance for Animals Applauds the Reintroduction of the PSPA LCA Applauds Congressional Action The PSPA Protects Companion Animals from Class B Dealers LOS ANGELES, May 13, 2021 (GLOBE NEWSWIRE) -- Last Chance for Animals (LCA), an international animal rights organization, applauds the reintroduction of the Pet Safety and Protection Act (PSPA), into the 117th Congressional session. The PSPA is important federal legislation that prohibits the sale of random-sourced dogs and cats by USDA licensed Class B dealers to research facilities. The Bill was reintroduced by Representatives Mike Doyle (D-PA) and Chris Smith (R-NJ). Class B dealers can be licensed by the USDA to sell random-source dogs and cats to research facilities. The random source “system” makes it difficult for laboratories that acquire dogs and cats through Class B dealers to know the true source of the animals they are acquiring, and the USDA has stated they cannot guarantee dogs and cats used in research are legally acquired. “Class B dealers notoriously abused the law to buy and sell dogs and cats, often through illegal means and with many of these defenseless creatures used for painful experimental procedures,” said Congressman Doyle. “We must permanently ban the sale of random source dogs and cats by Class B dealers before any more animals are unnecessarily hurt. That’s why we’ve reintroduced the Pet Safety and Protection Act – to end this cruel pipeline into laboratories once and for all.” “On behalf of LCA, we would like to commend Representatives Doyle and Smith for reintroducing the Pet Safety and Protection Act,” said Chris DeRose, President and Founder of Last Chance for Animals. “Since the inception of Last Chance for Animals over 35 years ago, protecting dogs and cats from the brutal and nefarious industry of Class B animal dealers has been a primary goal. The PSPA is vital legislation and will close the door on an industry Congress has fought to eliminate since passage of the Animal Welfare Act in 1966.” LCA was founded on the issue of vivisection and has been investigating Class B dealers since 1988. Investigations have exposed elaborate pet theft rings; the severe neglect and abuse of animals by Class B dealers; and research facilities procuring lost and stolen dogs and cats from Class B dealers. Investigations by LCA have resulted in Class B dealers convicted of felonies; serving time in prison; and Class B dealer licenses permanently revoked. In 2006, HBO’s Genesis-award winning documentary Dealing Dogs was released. The documentary profiled LCA’s ground-breaking investigation and subsequent conviction of C.C. Baird, the largest Class B dealer in America. The documentary exposed the truth about Class B dealers’ abhorrent cruelty and spurred a national movement against the Class B dealer industry. “Class B dealers routinely failed to meet even the most basic Animal Welfare Act standards – which is why NIH and other reputable research institutes did not use them,” said Rep. Smith. “While much progress has been made to prevent these dealers from exploiting and abusing animals, we must do more to put an end to the serious problems associated with Class B dealers and their troubled past. By closing them down once and for all, the Pet Safety and Protection Act will give people greater confidence in our research programs and go a long way toward ensuring that all animals are treated humanely.” The problem of stolen pets being sold to laboratories for scientific research dates back to 1966, when Life magazine ran an article titled, “Concentration Camps for Lost and Stolen Pets: Your Dog is in Cruel Danger.” The article profiled animal dealers who sold random-sourced dogs and cats for scientific research, and exposed animals housed in filthy, squalid conditions and severely neglected. When the Animal Welfare Act was passed in 1966, one of its priorities was to put an end to lost or stolen companion animals being sold to scientific research by animal dealers. Since 2010, language has been included annually in the Agriculture Appropriations bill that states any Class B dealer who supplies random-sourced dogs and cats to research facilities cannot renew their Class B license after expiry. Further, the National Institute of Health stopped funding laboratories that obtain random source dogs and cats from Class B dealers. Although these are important steps and the number of Class B dealers supplying dogs and cats to research has declined, passing the PSPA is the only way to solve this over 50-year-old problem. ABOUT LAST CHANCE FOR ANIMALS:LCA is an international non-profit organization dedicated to eliminating animal exploitation through education, investigations, legislation, and public awareness campaigns. Since its formation in 1984, LCA has succeeded as one of the nation's pioneer animal advocacy groups. LCA's educational and public outreach programs have empowered the public to make positive changes for animals in their communities. For more information, visit https://www.lcanimal.org/. MEDIA CONTACTKevin Mercurikevin@propheta.com212-901-6914 ext 701 A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/725d52ef-5dba-4806-ae9b-6425cdd02576
Augustus is reportedly sticking with the Sparks as an assistant coach.
Health authorities are scrambling to determine if more Victorians have been exposed to Covid-19.
California cannabis retail leader Grupo Flor today announced the $16 million acquisition of its newest dispensary, San Jose’s White Fire store.
Starlight Hybrid Global Real Assets Trust (NEO: SCHG.UN) Reports Q1 2021 Results
President asks Americans to be ‘kind’ to anyone who still wanted to wear a mask
Rafael Nadal has stunned the tennis world in extraordinary scenes at the Italian Open. Check out the drama here.
Chicago, Illinois, May 13, 2021 (GLOBE NEWSWIRE) -- On May 8, UIC John Marshall Law School hosted a live, virtual event to celebrate the 231 JD and 7 LLM graduates in the May 2021 class. Emmanuel “Chris” Welch, Speaker of the Illinois House and a graduate of the Law School, delivered the keynote address. Welch told graduates, “While you may be entering different areas of law, or using your degree in different ways, you will all be warriors of justice and jurisprudence in your own ways.” Welch has served the 7th District of Illinois since 2013. He was elected Speaker of the House in January 2021 after serving on several key committees. He is a Partner in local government law firm Ancel Glink. He has been recognized as a “Super Lawyer” and one of Chicago’s “Leading Lawyers.” During the ceremony, UIC Chancellor Michael Amiridis presented Rep. Welch with the Chancellor’s Medallion. UIC established the Chancellor’s Medallion to honor individuals whose distinguished service and leadership in the world serve to remind others that everyone has the power to make a difference. Dorien Clark was named this semester’s valedictorian. While at UIC Law, Clark served as the Lead Articles Editor for the UIC Review of Intellectual Property Law, which published his comment, “The Yeezy Boost 350 Copyright Registrations: Did Kanye West Turn Justice Breyer’s Fear Into a Reality?” He was also active in the Law School’s USPTO-licensed Trademark Clinic, an inaugural member of the Dean’s Leadership Academy and served as a teaching assistant for multiple courses. Clark, who holds a chemical engineering degree from the University of Cincinnati, began pursuing a career in intellectual property law during his first year of law school and will be joining the IP boutique law firm McAndrews, Held & Malloy. UIC Law Professor Steven Schwinn received the Spring 2021 Lex Ancilla Justitiae Award. The award, whose name translates to “law is the servant of justice,” is given to the faculty member who the graduating class believes best embodies this guiding principle of education at the Law School. Student Bar Association President Lacey Locke, a member of the May 2021 graduating class, presented the award to Schwinn. Graduating student Jerrilyn Gumila is this year’s Lucy Sprague Public Service Award recipient. The Lucy Sprague Public Service Award, named in memory of Lucy Sprague who attended the Law School during 1995–1996, honors a student who makes a significant commitment to public service. Made possible by a generous gift from the Sprague family, the first Lucy Sprague Service Award was bestowed in 1998. During law school, Gumila was a national finalist and named Best Oralist at the Twelfth Annual First Amendment and Media Law Diversity Moot Court Competition; a national semifinalist in the Martin Luther King, Jr., National Civil Rights Trial Competition; and a regional semifinalist at the Thomas Tang Moot Court Competition. She was also awarded the Student Bar Association Public Interest Scholarship and a $5,000 scholarship from the Hispanic Lawyers Scholarship Fund, which was sponsored by law firm Schiff Hardin LLP. Gumila will begin working with the Cook County State’s Attorney’s Office later this year. About UIC John Marshall Law School UIC Law is the 16th college at the University of Illinois at Chicago—Chicago’s largest university and its only public Carnegie Research 1 institution. Located in the heart of the City’s legal, financial and commercial districts, UIC Law is recognized as one of the most diverse law schools in the nation and is a leader in providing access to underrepresented students. CONTACT: Miller McDonald UIC Law email@example.com
The U.S. Securities and Exchange Commission (SEC) plans to propose a rule requiring that public companies disclose a range of workforce data as the agency steps up environmental, social and governance (ESG) disclosures, its new chair, Gary Gensler, said on Thursday. Gary Gensler told an audience of agency and academic researchers that "investors increasingly want to understand information about...one of the most critical components of companies, their workforce."
The Biden administration has been courting Senator Joe Manchin’s vote to realise its legislative agenda
Measured and Indicated (“M&I”) Resources of 24.0 M tonnes averaging 1.50 g/t Au containing 1,158,000 ozs Au (includes 91,000 ozs of oxide).Inferred Resources of 25.4 M tonnes averaging 1.34g/t Au containing 1,099,000 ozs. Au (includes 36,000 ozs of oxide).M&I Resource contains 2.5 million ounces of silver and 65.7 million pounds of copper; Inferred resource contains and additional 1.97 million ounces of silver and 45.9 million pounds of copper.66% conversion of historic inferred resource to M&I.310,000 ounces moved from underground into open-pit resource as compared to the historic 2013 estimate.Additional 200,000 ounces added to the open-pit resource from recent drilling as compared to the 2013 estimate. TORONTO, May 13, 2021 (GLOBE NEWSWIRE) -- Unigold Inc. (TSX.V: UGD, OTCQX: UGDIF) ("Unigold" or the "Company") is pleased to announce an updated mineral resource estimate for the Candelones Project, part of the Company’s 100% owned Neita Concession in the Dominican Republic. The updated estimate shall be incorporated into the Preliminary Economic Assessment (“PEA”) currently being finalized by Micon International Limited (“Micon”) with a targeted release date of May 31, 2021. The resource estimate disclosed herein supercedes the estimate disclosed on April 26, 2021. The updated mineral resource was estimated by Mr. W. Lewis, P.Geo.; Mr. A. San Martin, MAusIMM (CP) and Mr. R. Gowans, P.Eng. of Micon. Micon is independent of Unigold and Messrs. Lewis, San Martin and Gowans meet the requirements of a “Qualified Person” as established by the Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) Definition Standards for Mineral Resources and Mineral Reserves (May, 2014). Joe Hamilton, Chairman and CEO of Unigold notes: “The delivery of this sulphide resource, in conjunction with the recent delivery of a PEA for our starter oxide project, fulfills a key step in our strategy to become a producer in the Dominican Republic. We have converted 66% of the existing resource at Candelones Extension to the measured and indicated classification and added approximately 20% to our available resource base. This estimate conforms to the 2019 CIM Best Practice Guidelines for Mineral Resource Estimation which requires, for the first time, the rigorous application of costing, engineering, mining and recovery assumptions to early stage resource calculations. “As compared to our historic 2013 mineral resource estimate, we have been successful in moving about 310,000 ounces from the underground classification into the pit constrained resource and added another 200,000 ounces of gold from new drilling. In addition, we have estimated the silver and copper resources for the first time. Silver and copper are principally contained with the higher-grade late-stage epithermal mineralization that we have been drilling since 2016. The sulphide resource at Candelones is open for expansion to the east, west and to depth. We continue to drill at Candelones and will use this resource estimate to inform our drilling as we move swiftly to convert the inferred mineralization to the measured and indicated category. “We are very encouraged by this estimate, and we are continuing with our oxide feasibility programs, sulphide metallurgical studies, permitting in the Dominican Republic and comprehensive community engagement activities. Drilling is currently focused on step out exploration to expand the near-surface mineralization to the east and west of this resource and on multi-element anomalies at Montazo, 1500 meters to the east.” The estimate is based on a total of 460 holes (114,000 meters) and includes 123 holes (36,000 meters) completed since 2015. Approximately 92% of the holes added to this estimate are infill holes completed at the Candelones Extension deposit. Six exploration holes, targeted to expand the resource along strike, were completed in time to be included in this estimate. Fifty percent of those holes intersected near surface mineralization. This recently discovered mineralization, including new oxide mineralization, has the potential to enhance available resources for both the oxides and sulphides at Candelones. Fifteen holes (5,600 meters) were excluded from this estimate as assay results were unavailable. The mineral resource estimate has been prepared in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines, November 29, 2019 and has an effective date of May 10, 2021. The key parameters supporting the mineral resource are summarized in Table 1.0. The mineral resource estimate for the oxide starter pit is summarized in Table 2.0. The mineral resource estimate of the sulphide mineralization is summarized in Table 3.0. The mineral resources disclosed herein shall be included in the Technical Report summarizing the Preliminary Economic Assessment of the Candelones Oxide Project which is currently in progress with an anticipated completion date of May 31, 2021. Table 1.0 –Summary of Key Economic Parameters Candelones ParametersOxides (PEA)SulphidesOxidesTransitionAu price $/oz$1,700 $1,700 $1,700 Ag price $/oz$20.00 $20.00 $20.00 Cu price $/lb$4.00 $4.00 $4.00 Au recovery80% 50% 84% Ag recovery 55% Cu recovery 87% Open Pit Mining Cost $/t$2.35 $3.61 $2.85 Mill Cost $/t$7.40 $7.40 $25.00 G&A Cost $/t$2.39 $2.39 $2.39 Open Pit Overall Cost $/t$12.14 $13.40 $30.24 Underground Mining Cost $/t $60.00 Underground Overall Cost $/t$69.79 $69.79 $87.39 Open Pit Au Cut-off g/t0.28 0.49 0.66 Au Eq. Cut-off g/t 0.65 Open Pit NSR Cut-off ($)$12.14 $13.40 $20.24 Underground Au Cut-off (g/t)1.6 2.55 1.9 Underground Au-Eq Cut-off (g/t)1.6 2.55 1.89 Underground NSR Cut-off ($)$69.79 $69.79 $77.39 Notes relating to Mineral Resource EstimatePit constrained resources are reported within an optimized pit shell; underground resources are reported within continuous and contiguous shapes which lie adjacent to and below the ultimate open pit shell and interpreted to be recoverable utilizing standard underground mining methods.The pit constrained resource is reported within an optimized pit shell that assumed a maximum slope angle of 45 degrees. Open pit mining recovery was assumed to be 100%. Open pit dilution was assumed to be 0%..Underground mining recovery was assumed to be 100%. Underground dilution was assumed to be 0%.Micon has not identified any legal, political, environmental or other risks that could materially affect the potential development of the mineral resource estimate.The mineral resource estimates are classified according to the CIM Standards which define a Mineral Resource as “a concentration or occurrence of solid material of economic interest in or on the earth's crust in such form, grade or quality and quantity that there are reasonable prospects for eventual economic extraction. The location, quantity, grade or quality, continuity and other characteristics of a mineral resource are known, estimated or interpreted from specific geological evidence and knowledge including sampling. Mineral resources are sub-divided, in order of increasing geological confidence, into inferred, indicated and measured categories. An inferred mineral resource has a lower level of confidence than an indicated mineral resource. An indicated mineral resource has a higher level of confidence than an inferred mineral resource but has a lower level of confidence than a measured mineral resource."The CIM Standards define an inferred mineral resource as: "that part of a mineral resource for which quantity and grade or quality are estimated on the basis of limited geological evidence and sampling. Geological evidence is sufficient to imply but not verify geological and grade or quality continuity. An inferred mineral resource has a lower level of confidence than that applying to an indicated mineral resource. It is reasonably expected that the majority of inferred mineral resources could be upgraded to indicated mineral resources with continued exploration."All procedures, methodology and key assumptions supporting this mineral resource estimate shall be fully disclosed in a Technical Report that shall be available on SEDAR and the Company’s website within forty five (45) days of the effective date of the mineral resource estimate.The reader is reminded that mineral resources are not mineral reserves and therefore do not have demonstrated economic viability. Table 2.0 - PEA Oxide Resource Estimate – Effective Date May 10, 2021 Effective DateDepositMining MethodMineralization TypeCategoryTonnes (x1,000)Au g/tAu oz (x1,000)Strip RatioMay 10, 2021CMCOpen Pit (Starter) PEAOxide (Heap Leach)Measured1,8510.82490.13Indicated1,6160.8242Total Measured + Indicated3,4670.8291Oxide (Heap Leach)Inferred1,1540.622Transition (Heap Leach)4780.8713Total Inferred1,6320.6836 Table 3.0 – Summary Sulphide Resource Estimate – Effective Date May 10, 2021 Effective DateMining MethodCategoryNSR$ Cut-offTonnes (x1,000)AuEq g/tAu g/tAg g/tCu %AuEq oz (x1,000)Au oz (x1,000)Ag oz (x1,000)Cu lb (x1,000)Strip RatioMAY 10 2021Open PitMeasured206,2802.221.903.280.1844938366225,0426.24Indicated2013,0981.631.404.180.126885911,76234,201M+I2019,3781.821.563.890.141,1379742,42559,243Inferred2023,0421.521.352.590.091,1251,0041,91643,229UndergroundMeasured777593.152.651.880.297765464,836 Indicated773482.732.352.320.223126261,652M+I771,1073.022.562.020.2710791726,488Inferred777552.672.382.310.166558562,649Total Measured and Indicated20,4841.891.623.790.151,2441,0652,49765,731Total Inferred23,7971.551.392.580.091,1901,0631,97245,878 QA/QC Diamond drilling utilizes both HQ and NQ diameter tooling. Holes are established using HQ diameter tooling before reducing to NQ tooling to complete the hole. The core is received at the on-site logging facility where it is, photographed, logged for geotechnical and geological data and subjected to other physical tests including magnetic susceptibility and specific gravity analysis. Samples are identified, recorded, split by wet diamond saw, and half the core is sent for assay with the remaining half stored on site. A minimum sample length of 0.3 meters and a maximum sample length of 1.5 metres is employed with most samples averaging 1.0 meters in length except where geological contacts dictate. Certified standards and blanks are randomly inserted into the sample stream and constitute approximately 5-10% of the sample stream. Samples are shipped to a sample preparation facility in the Dominican Republic operated by Bureau Veritas. Assaying is performed at Bureau Veritas Commodities Canada Ltd.’s laboratory in Vancouver, B.C. Canada. All samples are analyzed for gold using a 50 gram lead collection fire assay fusion with an atomic adsorption finish. In addition, most samples are also assayed using a 36 element multi-acid ICP-ES analysis method. W. Lewis P.Geo., A. San Martin MAusIMM (CP) and R. Gowans, P.Eng of Micon have reviewed and approved the contents of this press release. Messrs. Lewis, San Martin and Gowans are unaware of any political, environmental or other risks that could materially affect the potential development of the mineral resource estimate. Wes Hanson P.Geo., Chief Operating Officer of Unigold has reviewed and approved the contents of this press release. About Unigold Inc. – Discovering Gold in the CaribbeanUnigold is a Canadian based mineral exploration company traded on the TSX Venture Exchange under the symbol UGD, the OTCQX exchange under the symbol UGDIF, and on the Frankfurt Stock Exchange under the symbol UGB1. The Company is focused primarily on exploring and developing its gold assets in the Dominican Republic. The Candelones oxide gold deposit is within the 100% owned Neita Fase II exploration concession located in Dajabón province, in the northwest part of the Dominican Republic. The Candelones project area is about 20 kilometers south of the town of Restauraćion. The oxide deposit occurs at surface as a result of the tropical weathering of underlying mineralization. Unigold has been active in the Dominican Republic since 2002 and remains the most active exploration Company in the country. The Neita Fase II exploration concession is the largest single exploration concession covering volcanic rocks of the Cretaceous Tireo Formation. This island arc terrain is host to Volcanogenic Massive Sulphide deposits, Intermediate and High Sulphidation Epithermal Systems and Copper-gold porphyry systems. Unigold has identified over 20 areas within the concession area that host surface expressions of gold systems. Unigold has been concentrating on the Candelones mineralization and continues to expand the deeper sulphide resources with on-going drilling. Forward-looking Statements Certain statements contained in this document, including statements regarding events and financial trends that may affect our future operating results, financial position and cash flows, may constitute forward-looking statements within the meaning of the federal securities laws. These statements are based on our assumptions and estimates and are subject to risk and uncertainties. You can identify these forward-looking statements by the use of words like “strategy”, “expects”, “plans”, “believes”, “will”, “estimates”, “intends”, “projects”, “goals”, “targets”, and other words of similar meaning. You can also identify them by the fact that they do not relate strictly to historical or current facts. We wish to caution you that such statements contained are just predictions or opinions and that actual events or results may differ materially. The forward-looking statements contained in this document are made as of the date hereof and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ materially from those projected in the forward-looking statements. Where applicable, we claim the protection of the safe harbour for forward- looking statements provided by the (United States) Private Securities Litigation Reform Act of 1995. Neither 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. CONTACT: For further information please visit www.unigoldinc.com or contact: Mr. Joseph Hamilton Chairman & CEO firstname.lastname@example.org T. (416) 866-8157
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