|By Marketwired .||
|July 3, 2014 04:00 PM EDT||
MONTREAL, QUEBEC -- (Marketwired) -- 07/03/14 -- NEVADO RESOURCES CORPORATION (TSX VENTURE:VDO (FSE:NSV) ("NEVADO" or the "Corporation") is pleased to announce that it closed a $50,000 private placement with SIDEX today under the "Field-Action 2014" program.
The private placement consisted of the issuance of 833,333 common shares of the Corporation priced at $0.06 per share and 833,333 warrants. Each warrant entitles its holder to purchase one common share of the Corporation for $0.08 for a 24-month period following closing. Securities issued under the private placement are subject to a statutory hold period of four months plus one day.
NEVADO will use the proceeds of the private placement to conduct a prospecting, mapping and sampling program over the summer of 2014 on its Fermont graphite property, located near Focus Graphite's Lac Knife property. The program will help the Corporation plan its next drilling program, scheduled for the fall of 2014.
The Corporation also acquired the Steel River property, located in the Schreiber-Hemlo greenstone belt, just southwest of its Bozema property. The Steel River property consists of five mineral claims for a total of 59 units in Tuuri Township, 240 km east of Thunder Bay, Ontario. The Schreiber-Hemlo greenstone belt hosts the Hemlo gold deposit about 75 km to the east of the property, as well as the Winston Lake base metals mine 80 km to the west.
NEVADO will issue 100,000 common shares to the vendors as consideration for the Steel River property. All the common shares are subject to a hold period of four months plus one day. The property is also subject to a 2% royalty on the net smelter revenue from minerals and metals mined on the property, payable to the vendors in cash or in kind. The Corporation may redeem half of the 2% royalty at any time for $1,000,000 in cash, payable to the vendors.
The transactions, which were between parties dealing at arm's length, are subject to the approval of the TSX Venture Exchange and other regulatory approvals.
The mission of SIDEX is to invest in companies engaged in mineral exploration in Quebec in order to diversify Quebec's mineral base and open new territories to exploration and investment.
"Field Action 2014" is a new $3-Million financing program recently launched by SIDEX to encourage junior mineral exploration companies to pursue field work in Quebec, hire young professionals, employ service companies, and make new discoveries in 2014.
About Nevado Resources Corporation
NEVADO is a junior strategic metals company with properties in Canada. The Corporation owns a 100% interest in the La Blache titanium-vanadium-iron property in Northern Quebec, the Fermont graphite property near Focus Graphite's Lac Knife property, and the Bozema zinc-copper-silver-gold property in Ontario's Schreiber-Hemlo camp.
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. The statements made in this news release that are not historical facts are "forward-looking statements" and readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results, may vary materially from those in these "forward-looking" statements.
The Internet of Things (IoT), in all its myriad manifestations, has great potential. Much of that potential comes from the evolving data management and analytic (DMA) technologies and processes that allow us to gain insight from all of the IoT data that can be generated and gathered. This potential may never be met as those data sets are tied to specific industry verticals and single markets, with no clear way to use IoT data and sensor analytics to fulfill the hype being given the IoT today.
Oct. 26, 2016 07:30 AM EDT Reads: 2,777
@ThingsExpo has been named the Top 5 Most Influential M2M Brand by Onalytica in the ‘Machine to Machine: Top 100 Influencers and Brands.' Onalytica analyzed the online debate on M2M by looking at over 85,000 tweets to provide the most influential individuals and brands that drive the discussion. According to Onalytica the "analysis showed a very engaged community with a lot of interactive tweets. The M2M discussion seems to be more fragmented and driven by some of the major brands present in the...
Oct. 26, 2016 07:30 AM EDT Reads: 11,497
Oct. 26, 2016 06:45 AM EDT Reads: 3,387
Oct. 26, 2016 06:15 AM EDT Reads: 2,073
Oct. 26, 2016 06:00 AM EDT Reads: 1,876
Oct. 26, 2016 06:00 AM EDT Reads: 2,042
Oct. 26, 2016 06:00 AM EDT Reads: 1,549
Oct. 26, 2016 06:00 AM EDT Reads: 1,414
Oct. 26, 2016 05:45 AM EDT Reads: 2,556
Oct. 26, 2016 05:30 AM EDT Reads: 1,041
Oct. 26, 2016 05:30 AM EDT Reads: 1,021
Oct. 26, 2016 05:00 AM EDT Reads: 2,581
Oct. 26, 2016 05:00 AM EDT Reads: 999
Oct. 26, 2016 04:45 AM EDT Reads: 949
Cloud based infrastructure deployment is becoming more and more appealing to customers, from Fortune 500 companies to SMEs due to its pay-as-you-go model. Enterprise storage vendors are able to reach out to these customers by integrating in cloud based deployments; this needs adaptability and interoperability of the products confirming to cloud standards such as OpenStack, CloudStack, or Azure. As compared to off the shelf commodity storage, enterprise storages by its reliability, high-availabil...
Oct. 26, 2016 04:30 AM EDT Reads: 1,194