|By Marketwired .||
|July 16, 2014 02:31 PM EDT||
OTTAWA, ONTARIO -- (Marketwired) -- 07/16/14 -- Mazorro Resources Inc. (the "Company") (CSE:MZO)(FRANKFURT:JAM) announces that it is progressing with its proposed acquisition of all of the issued and outstanding securities of 8816301 Canada Inc., also known as GrowPros MMP ("GrowPros"), a medical marijuana consultation and acquisition firm that is pursuing a license as a producer of medical marijuana in Canada pursuant to the Marihuana for Medical Purposes Regulations. The parties are currently negotiating a definitive agreement and the Company expects to complete the acquisition this summer. The acquisition is subject to regulatory approval, including that of the Canadian Securities Exchange ("CSE").
The Company is also pleased to announce that Mr. Norm Boucher has been appointed as Security Advisor to GrowPros. Mr. Boucher brings 35 years of varied experience with the RCMP, including several years of operational drug enforcement and organized crime experience. Mr. Boucher also worked nationally and internationally on drug control programs, policy and legislation, representing the RCMP at national and international committees. This experience included several joint efforts with Canadian and foreign drug enforcement organizations to develop, plan and coordinate drug control support initiatives in several countries in Latin America and Asia. As an RCMP liaison officer and first secretary at the Canadian Embassy in Madrid, Spain and in Santo Domingo, the Dominican Republic, he worked with foreign agencies to support the investigation of international organized crime and terrorism investigations. Mr. Boucher was a member of the RCMP specialized national anti-terrorism team and is now a security advisor for a number of companies and organizations focusing on threat assessments and security planning.
In addition to the proposed acquisition of GrowPros, the Company continues to seek opportunities to diversify the scope of its business.
As previously announced, the Company's ability to continue operations is dependent upon successfully raising the necessary financing to complete its business plan and, in this regard, the Company is pleased to announce that it has engaged Jones, Gable & Company Limited (the "Agent") to act as its agent in connection with a private placement of units (the "Units"), at a price of $0.10, for minimum gross proceeds of $500,000 and maximum proceeds of $2,000,000. Each Unit will be comprised of one common share (a "Share") and one common share purchase warrant (a "Warrant") entitling the holder thereof to acquire one additional Share at a price of $0.15 for 24 months following the closing of the private placement. In connection with the private placement, the Company has agreed to pay to the Agent a cash commission equal to 10.0% of the gross proceeds raised under the private placement and issue to the Agent non-transferable options (the "Agent's Options"), at an exercise price of $0.10, to acquire that number of Units as is equal to 10.0% of the number of Units issued pursuant to the private placement for a period of 24 months following the closing of the private placement. The Units underlying the Agent's Options are identical to the Units being issued under the private placement. The Company and the Agent will use their commercially reasonable efforts to complete the private placement as soon as possible. The private placement is subject to regulatory approval, including that of the CSE.
The net proceeds from the private placement are expected to be used (i) for general working capital purposes, and (ii) to fund the Company's planned diversification strategy, including the acquisition of GrowPros.
Mazorro Resources Inc. currently has 27,757,387 common shares outstanding.
Some statements in this release may contain forward-looking information. All statements, other than of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding potential acquisitions and financings) are forward-looking statements. Forward-looking statements are generally identifiable by use of the words "may", "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, without limitation, the possibility that future exploration results will not be consistent with the Company's expectations, changes in world gold markets or markets for other commodities, inability of the Company to achieve its diversification strategy (including, without limitation, the proposed acquisition of GrowPros); failure to obtain sufficient financing, and other risks disclosed in the Company's public disclosure record on file with the relevant securities regulatory authorities. Any forward-looking statement speaks only as of the date on which it is made and except as may be required by applicable securities laws; the Company disclaims any intent or obligation to update any forward-looking statement.
The Canadian Securities Exchange (CSE) has not reviewed this news release and does not accept responsibility for its adequacy or accuracy
Mazorro Resources Inc.
Interim President & CEO
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
Dec. 5, 2016 07:45 PM EST Reads: 2,208
@GonzalezCarmen has been ranked the Number One Influencer and @ThingsExpo has been named the Number One Brand in the “M2M 2016: Top 100 Influencers and Brands” by Onalytica. Onalytica analyzed tweets over the last 6 months mentioning the keywords M2M OR “Machine to Machine.” They then identified the top 100 most influential brands and individuals leading the discussion on Twitter.
Dec. 5, 2016 07:45 PM EST Reads: 2,077
Dec. 5, 2016 07:15 PM EST Reads: 347
Dec. 5, 2016 07:15 PM EST Reads: 2,046
Dec. 5, 2016 07:15 PM EST Reads: 5,033
Dec. 5, 2016 07:00 PM EST Reads: 1,805
Dec. 5, 2016 07:00 PM EST Reads: 1,839
Dec. 5, 2016 06:15 PM EST Reads: 1,547
Dec. 5, 2016 05:45 PM EST Reads: 1,593
Dec. 5, 2016 05:15 PM EST Reads: 1,686
Dec. 5, 2016 04:30 PM EST Reads: 2,051
Dec. 5, 2016 04:30 PM EST Reads: 871
Dec. 5, 2016 04:15 PM EST Reads: 857
Dec. 5, 2016 04:00 PM EST Reads: 2,551
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
Dec. 5, 2016 03:45 PM EST Reads: 339