Thursday, October 29, 2020

Aurania Resources Ltd. - ARU.v

Aurania - ARU.v entry into Ecuador was driven by Colonial Spanish documents describing the 'lost cities' of Logro├▒o de los Caballeros and Sevilla de Oro – gold mines that operated between 1562 and 1600.

The Cutucu Project is located in the eastern foothills of the Andes mountain range of southeastern Ecuador.

On October 29, 2020 the company reported News

Aurania Resources Ltd. has closed its previously announced overnight marketed public offering of units of the company, including exercise in full of the overallotment option. A total of 2,679,500 Units were sold at a price of C$4.30 per Unit for gross proceeds of C$11.5 million. Each Unit is comprised of one (1) common share in the capital of the Company (each, a "Common Share") and one-half Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant shall entitle the holder to purchase one Common Share at C$5.50 at any time until October 29, 2022. The Offering was completed pursuant to an underwriting agreement dated October 1, 2020 among the Company and Cantor Fitzgerald Canada Corporation, as lead underwriter and sole bookrunner, and a syndicate of underwriters including Canaccord Genuity Corp., Echelon Wealth Partners Inc., Eight Capital, Haywood Securities Inc., and Raymond James Ltd.
On July 16, 2020 the company reported News

Aurania Resources Ltd. is pleased to report that grades of up to 7% copper with 55 grams per tonne silver have been found in the Tsenken N1 target area in its Lost Cities – Cutucu Project in southeastern Ecuador.

Thursday, July 30, 2020

Burcon Nutrascience Corporation - BU.t

"Burcon is providing notice to its holders of convertible debentures issued on December 10, 2019. Burcon completed a non-brokered private placement of unsecured convertible debentures to raise gross proceeds of $9.5 million in December 2019. The Convertible Debentures will be converted into Common Shares at a conversion price of $1.05 per Common Share, being a rate of 952.38 Common Shares for each $1,000 principal amount of the Convertible Debentures.

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Burcon Nutrascience Corporation - BU.t is a leader in plant-based food technologies for feeding our growing world.

The company specializes in high-quality, functionally and nutritionally superior plant-based proteins. The company is a world leader in plant protein extraction and purification technology. In 2019, Merit Functional Foods was established in a joint venture by Burcon and three veteran food industry executives. Merit Foods is building a state-of-the-art plant protein production facility in Manitoba

On August 27, 2020 the co released News

Burcon NutraScience Corp.'s joint venture company, Merit Functional Foods Corp., has received a $30-million investment from a new equity partner, Bunge Ltd., a leading international agribusiness and food company. The partnership will expedite Merit's construction of its state-of-the-art plant-based protein production facility in Manitoba, Canada, where it will produce, under licence, Burcon's novel pea and canola protein ingredients. It will be the only commercial-scale facility capable of producing food-grade canola protein in the world. Construction is well under way, and the plant is on track to be fully operational by December, 2020.

Doug Cooper, MBA (416) 643-3863 has put a $6.50 target on Burcon. - "When we add-up all of the above factors AND with an EV of ~$230 million, we believe the risk-return on the shares of BU is excellent. Furthermore, as we mentioned, plant-based proteins is one of the largest trends of our generation."

On June 22, 2020 the co released News

Burcon NutraScience Corporation (“Burcon”) (TSX:BU, OTCQB:BUROF), a global technology leader in the development of plant-based proteins, is pleased to announce that its joint venture company, Merit Functional Foods Corporation has secured additional debt financing of $10 million in the form of a 10-year interest free loan from Agriculture and Agri-Food Canada.

Monday, April 20, 2020

The Canol Road, Yukon, Canada

In April 1942, the U.S. military embarked on a grand scheme to tap a local source for vitally needed oil to support its northern World War II operation.

The war effort included construction of the Alaska Highway, the deployment of thousands of troops in Alaska to guard against a feared Japanese invasion from the captured Aleutian Islands, and a major airlift of supplies to Siberia to aid a beleaguered Russian army’s ultimately successful struggle to turn back a German invasion.
The Canol (short for Canadian Oil) Road was part of a project to build a pipeline and a road from Norman Wells, Northwest Territories to Whitehorse, Yukon during World War II.

The pipeline no longer exists, but the 449 kilometres (279 mi) long Yukon portion of the road is maintained by the Yukon Government during summer months.

The 4 inch pipeline was laid directly on the ground, and the high grade of the oil allowed it to flow even at −80 °F (−62 °C). Workers on the road and pipeline had to endure mosquitoes, black flies, extreme cold and other difficult conditions.

One poster for the company that hired workers warned that the conditions could be life-threatening; emphasising that if people were not willing to endure the conditions, they should not apply for the work. The oil flow commenced in 1944, but was shut down in 1945, having not performed entirely satisfactorily.
The primary pipeline between Whitehorse and Canol was later removed and sold for use elsewhere. The refinery was purchased in early 1948 by Imperial Oil, dismantled, and trucked to Alberta for the Leduc oil strike.

The roadway is the surviving legacy of the Canol project. Although abandoned in 1946–1947, the southernmost 150 miles (240 km) was reopened in 1958 to connect Ross River, Yukon with the Alaska Highway.