Knowlton Capital obtains conditional approval from the TSX Venture Exchange for reverse take-over with Leni Gas Cuba Limited

MONTREAL, June 28, 2016  – Knowlton Capital Inc. (“Knowlton”) (TSXV: KWC H) is pleased to announce that the TSXVenture Exchange has conditionally accepted the previously-announced reverse take-over (“RTO”) of Knowlton by Leni Gas Cuba Limited (“LGC”), subject to Knowlton fulfilling all of the requirements of the Exchange.

The RTO with LGC and related matters are subject to approval by Knowlton’s shareholders and will be voted on at Knowlton’s annual and special meeting to be held in Montreal, Québec on July 6, 2016.

The RTO is also subject to approval by LGC’s shareholders, who will vote on a scheme of arrangement to effect the RTO at a meeting of LGC shareholders to be held in London, England on July 1, 2016.

If the RTO is approved by Knowlton’s shareholders and LGC’s shareholders, it is expected that LGC will seek a final order for the scheme of arrangement from the British Virgin Islands High Court on July 7, 2016. If a final order is granted by the BVI High Court, Knowlton expects that the closing of the RTO will take place shortly thereafter. In that event, Knowlton will issue a further press release announcing the date on which Knowlton’s shares will commence trading on the TSX Venture Exchange under the name “LGC Capital Ltd.”, the “resulting issuer” from the RTO.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Completion of the RTO between Knowlton and LGC is subject to a number of conditions, including disinterested shareholder approval. The RTO cannot close until the required shareholder approval is obtained. There can be no assurance that the RTO will be completed as proposed or at all. Investors are cautioned that, except as disclosed in Knowlton’s management information circular dated June 9, 2016 prepared in connection with the RTO, any information released or received with respect to the RTO may not be accurate or complete and should not be relied upon. Trading in the securities of Knowlton should be considered highly speculative.

For further information

Rafi Hazan, Chief Financial Officer
Knowlton Capital Inc.
Tel: (514) 839-7234

CEMATRIX Formally Joins Forces With Global Giant Lafarge – Market Responds Positively

In spite of globally weak markets, news on the CEMATRIX – Lafarge agreement has been well received with the stock climbing 20% from Friday’s $0.39 close. Amidst a sea of global negative news and uncertainty, there was a positive embrace of the announcement that CEMATRIX has entered into a five-year Joint Marketing Agreement with Lafarge Canada for the development of cellular concrete markets across Canada.  The plan is to increase sales to the benefit of CEMATRIX and Lafarge by heightening awareness of the construction challenges which can be solved with cellular concrete solutions.

The obvious question is, why would a company the size of Lafarge be interested in a formal agreement that ties the companies at the hip? From CEMATRIX’s perspective, CEMATRIX has been a large customer of Lafarge for many years and the companies have successfully collaborated on many past projects. More importantly, every cubic metre of cellular concrete that CEMATRIX places is a win for Lafarge as it brings new business to the cement giant that may have been previously unavailable.

Lafarge is a major player in the aggregates, cement and concrete industries, and is a world leader that operates in 64 countries and employs 65,000 people. The most recent numbers on the Lafarge website states sales were 15.8 billion Euros in 2012. Lafarge’s recent merger with Holcim in 2015 makes the combined companies the largest cement company in the world.

CEMATRIX has developed and acquired technologies, proprietary formulations and specialized processes that ensure product consistency with endless capabilities. Lafarge has a massive marketing team that could have a material impact on CEMATRIX’s revenues by driving sales and awareness of the innovative product to the next level.

CEMATRIX must be expecting a large increase in sales. It was noted in the news release that in order to meet the expected demand with the new working relationship, CEMATRIX plans to invest approximately $2.5 million to build two new dry mix units and have them up and running by the start of the busy season in spring of 2017.  Other equipment requirements may follow.

CVX’s current North American pipeline of potential projects now exceeds $120 million in total, of which 88% is infrastructure related.

To view news release, please click here.

 

CEMATRIX Corporation Announces Joint Marketing Agreement with Lafarge

CALGARY, ALBERTA–(June 27, 2016) – CEMATRIX Corporation (TSX VENTURE:CVX) (the “Corporation” or the “Company” or “CEMATRIX“) is pleased to announce that its wholly owned subsidiary, CEMATRIX (Canada) Inc. has entered into a Joint Marketing Agreement (“the Agreement”) with Lafarge Canada, Inc. (“Lafarge”), a member of LafargeHolcim.

The five-year Agreement is for the joint development of cellular concrete markets throughout Canada to increase awareness of the construction challenges which can be solved by cellular concrete solutions, and thereby drive sales.

“This is a monumental step forward for CEMATRIX,” stated Mr. Kendrick, President and CEO of CEMATRIX. “Cellular concrete is an emerging construction solution that uses significant quantities of cement in its manufacture, so the two companies have the opportunity to build on one another’s expertise.”

“Lafarge and CEMATRIX have a number of joint successes to date and the opportunity to work more closely together is formalized in this Agreement,” stated Barry Martin, Lafarge’s Vice President of Cement Sales and Logistics.”

“It is the intent of both CEMATRIX and Lafarge to expand on these successes by committing sufficient resources to furthering cellular concrete applications throughout Canada,” stated Mr. Kendrick. “CEMATRIX has the technology and Lafarge has a significant sales and marketing team, together with the strength and history of its business to make this market development program a success.”

“In order to support this new Agreement, the continued growth of cellular concrete markets and the expected additional growth to be generated from this new increased working relationship, CEMATRIX intends to construct two new dry mix units, at an estimated cost of $2.5 million and plans to have them operational by the spring of 2017.”

CEMATRIX is an Alberta corporation with its head offices in Calgary, Alberta. The Corporation, through its wholly owned subsidiary, is a rapidly growing, cash flow positive company that manufactures and supplies technologically advanced cellular concrete products developed from proprietary formulations. This unique cement based material with superior thermal protection delivers a cost-effective, innovative solution to a broad range of problems facing the infrastructure, industrial (including oil and gas) and commercial markets.

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.

For further information, please contact:

Jeff Kendrick – President and Chief Executive Officer
Phone: (403) 219-0484

Jeff Walker – The Howard Group – Investor Relations
Phone: (888) 221-0915 or (403) 221-0915
jeff@howardgroupinc.com

Forward-looking information: This news release contains certain information that is forward looking and is subject to important risks and uncertainties (such statements are usually accompanied by words such as “anticipate”, expect”, “would’ or other similar words). Forward looking statements in this document are intended to provide CEMATRIX security holders and potential investors with information regarding CEMATRIX and its subsidiaries’ future financial and operations plans and outlook. All forward looking statements reflect CEMATRIX’s beliefs and assumptions based on information available at the time the statements were made. Readers are cautioned not to place undue reliance on this forward looking information. CEMATRIX undertakes no obligation to update or revise forward looking information except as required by law. For additional information on the assumptions made and the risks and uncertainties which may cause actual results to differ from the anticipated results, refer the CEMATRIX’s Management Discussion and Analysis dated May 4, 2016 under CEMATRIX’s profile on SEDAR at www.sedar.com and other reports filed by CEMATRIX with Canadian securities regulators.

Knowlton Capital Inc. – Leni Gas Cuba Limited Invests in the Cuba Mountain Coffee Company Ltd.

MONTREAL, June 20, 2016  – Knowlton Capital Inc. (“Knowlton”) (TSX-V: KWC H) previously announced that it has entered into an Arrangement Agreement with Leni Gas Cuba Limited (“LGC”) for a reverse take-over of Knowlton by LGC. Knowlton has mailed a management information circular dated June 9, 2016 to its shareholders for an annual and special meeting to be held on July 6, 2016 to consider the reverse take-over with LGC.

Knowlton wishes to advise its shareholders that LGC issued a press release today announcing that LGC has acquired a 10% interest in The Cuba Mountain Coffee Company Ltd (“CMC”) for an investment of £27,300 (approximately CAD$50,000). LGC’s press release is available on its web site at www.lg-cuba.com under “Investors/Media Releases”.

LGC’s press release discloses that CMC is an English company founded in 2013 to promote, on a worldwide basis, single-origin gourmet coffee from Cuba’s Guantanamo region, both as green beans and also via CMC’s own bespoke coffee brand, “Alma de Cuba”.

LGC’s press release also discloses that CMC signed a letter of intent in April 2015 with Grupo Agro Forrestal and Empresa Procesadora de Café Asdrúbal López Vazquez (“AL”) for green bean coffee supplies and that CMC is working towards formalizing a definitive ten-year (extendable) International Economic Association Contract with AL intended to provide, over a five-year period, capital and equipment to improve the processing and quality of green beans from the Guantanamo region of Cuba. In return, CMC would obtain the rights to an increasing proportion of this production for global marketing. The press release describes AL as a part of the Cuban Ministry of Agriculture/Grupo Agro Forrestal, which controls the majority of green coffee processing in Cuba.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

The press release referred to above was issued by LGC. Knowlton has not made any independent inquiries as to its accuracy or completeness and assumes no responsibility for the contents thereof.

Completion of the reverse take-over between Knowlton and LGC is subject to a number of conditions, including TSX Venture Exchange acceptance and disinterested shareholder approval. The reverse take-over cannot close until the required shareholder approval is obtained. There can be no assurance that the reverse take-over will be completed as proposed or at all or that The Cuba Mountain Coffee Company Ltd. will enter into the definitive International Economic Association Contract referred to above. Investors are cautioned that, except as disclosed in Knowlton’s management information circular dated June 9, 2016, any information released or received with respect to the reverse take-over may not be accurate or complete and should not be relied upon. Trading in the securities of Knowlton should be considered highly speculative.

For further information

Rafi Hazan, Chief Financial Officer
Knowlton Capital Inc.
Tel: (514) 839-7234

U.S. Judge Draws “Line In The Sand To Would-Be Patent Infringers”

In an article published in the Financial Post on Tuesday, June 14, 2016, Kristine Owram reported on Florida U.S. District Judge Beth Bloom, who ordered BRP (Bombardier Recreational Products), the maker of Ski-Doos and Sea-Doos, to pay Arctic Cat $46 million for patent infringement.

We felt this judgement was well worth commenting on as Intellectual Property (IP) is of particular importance for two of The Howard Group’s clients and is a key reason why we are invested in both companies, being Clean Seed (CSX.V) and FLYHT Aerospace (FLY.V).

Clean SeedWhen we first introduced Clean Seed in July 2014, the theme of the commentary was a belief that what would determine the company’s ultimate value was the IP portfolio, which has also grown over the past two years.  If we are correct, the IP will be THE reason for a major farm equipment manufacturer to take a serious look at Clean Seed. The company has incorporated multiple technologies into its CX-6 Smart Seeder that allow a field to be “painted” on a square foot basis with the simultaneous and optimum mixture of seed, nutrients and fertilizer. Very recently, the first CX-6 SMART Seeders were delivered to Rocky Mountain Dealerships (TSX – RME).

To read The Howard Group’s introduction to Clean Seed, click here.

FLYHT Aerospace SolutionsFLYHT Aerospace lives and breathes technology and has a number of patents and patents pending. It’s the attributes of the technology that has attracted more than 50 customers being airlines, leasing companies and original equipment manufacturers. Total flight hours using the Automated Flight Information Reporting System (AFIRS™) system now exceed 2.2 million. As promoted by FLYHT, the proprietary technology increases safety, improves operational efficiencies and enhances profitability, operates on multiple aircraft types and provides functions such as safety services voice and text messaging, data collection and transmission, and on-demand streaming of flight data recorder (black box), engine and airframe data.”  

CEO Tom Schmutz was recently interviewed on CNBC:
https://howardgroupinc.com/2016/06/flyht-ceo-tom-schmutz-interviewed-cnbc/

In the Arctic Cat case, the jury found that BRP willfully infringed on two patents related to a safer steering system for personal watercraft and therefore awarded Arctic Cat initial damages of US$15 million. However, because the infringement was found to be willful, the judge tripled the damages owing.

The article quoted Arctic Cat lawyer, Nicholas Boabel of law firm Hagens Berman, “Judge Bloom’s final judgement in this case is not only a major victory for our client, Arctic Cat, but a testament to the importance of upholding IP law and punishing wilful patent infringement.”

It’s expected that BRP will appeal.

To view the full Financial Post article, please click here

FLYHT Sponsors Communications and Tracking for Trans-Atlantic Confront Cancer Ocean Row

Calgary, Alberta – June 15, 2016 – FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) is pleased to announce the sponsorship of Canadian North pilot and adventurer Laval St. Germain on his heroic Confront Cancer Ocean Row in support of the Alberta Cancer Society.

Laval departs from Halifax on June 15 on a solo row across the Atlantic Ocean, an estimated 100 day and 4500 km journey to Brest, France, to raise funds to fight cancer. Laval approached FLYHT to sponsor the trip’s communications needs including a satellite phone, GPS, wi-fi, tracking and data. His team of Flight Dispatchers, now turned volunteer Ocean Row Dispatchers, will monitor his progress from the Calgary operations centre.

“I have used and trusted FLYHT’s aircraft tracking and communications technology over the past ten years as a pilot,” commented Laval, the Chief Pilot and Former Director, Flight Operations at Canadian North. “I requested FLYHT’s sponsorship to enable the best technology to stay in touch with my support team and loved ones on my journey across the Atlantic.”

“FLYHT provides advanced connectivity and health monitoring for Canadian North aircraft that Laval has flown in remote regions of Canada,” remarked Matieu Plamondon, VP of Operations and Customer Fulfillment at FLYHT. “It was an important contribution for FLYHT to enable similar functionality to track his progress across the Atlantic. We support his adventurous spirit and applaud his philanthropy in raising funds for cancer, which has affected us all.”

Canadian North aircraft are installed with the Automated Flight Information Reporting System (AFIRS™) to enable connectivity with flight operations when on remote flights in the Canadian Arctic. FLYHT provides satellite communications and a suite of software services to help Canadian North manage their operations. These services include out, off, on and in automation, flight following as well as engine and airframe exceedances and engine trend reporting to monitor the health of the aircraft.

Laval’s journey across the ocean will add to his list of accomplishments. He is the only Canadian to have climbed Mount Everest without using oxygen, he rode a bicycle in winter from the Arctic Ocean to Dawson City, Yukon (solo), and climbed six of the world’s seven highest peaks, among other adventurous feats.

You can track Laval’s journey on www.confrontcanceroceanrow.com or through the link on the FLYHT website, www.flyht.com.

About FLYHT Aerospace Solutions Ltd.

FLYHT is a leading provider of real-time aircraft intelligence and cockpit communications for the aerospace industry. More than 50 customers, including airlines, leasing companies, and original equipment manufacturers, have installed our systems in order to increase safety, improve operational efficiencies and enhance profitability. FLYHT’s proprietary technology, the Automated Flight Information Reporting System (AFIRS™), operates on multiple aircraft types and provides functions such as safety services voice and text messaging, data collection and transmission, and on-demand streaming of flight data recorder (black box), engine and airframe data. AFIRS sends this information through the Iridium Satellite Network to FLYHT’s UpTime™ ground-based server, which routes the data to customer-specified end points and provides an interface for real-time aircraft interaction. AFIRS has flown over 2 million aggregate flight hours and 1.5 million flights on customers’ aircraft. FLYHT holds supplemental type certificates (STC) which allow for the installation of AFIRS on 95% of transport category aircraft.

Contact Information

FLYHT Aerospace Solutions Ltd.
Nola Heale, CPA (CA)
Chief Financial Officer
403-291-7425
nheale@flyht.com 

Investor Relations
The Howard Group Inc.
Dave Burwell
Vice President
(888) or (403)-221-0915
dave@howardgroupinc.com

Join us on social media!

www.facebook.com/flyht
www.twitter.com/flyhtcorp
www.slideshare.net/flyhtcorp
www.youtube.com/flyhtcorp
www.flyht.com

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 release.

Posting of Scheme Circular in connection with potential Takeover by Canadian listed Knowlton Capital Inc. (the “Merger”)

London, Havana: 10 June 2016: London listed Cuban specialist investment company, Leni Gas Cuba Limited advises that further to the announcement on 9 June 2016 regarding the proposed takeover by Knowlton Capital Inc. (“Knowlton”), the Company has today sent Shareholders a circular containing: the scheme document setting out the terms of the Merger, a notice convening the court ordered shareholders meeting, a detailed timetable and certain financial and other information on the Company together with instructions on how to vote on the scheme of arrangement. Extracts of the Circular are set out in Appendix 1 (CLICK HERE ).

Shareholders are advised that Knowlton’s closing mid-market price on 9 June 2016 was C$0.2250 [http://web.tmxmoney.com/pricehistory.php?qm_symbol=KWC.H] and therefore based on the terms of the Merger (and the Knowlton proposed consolidation of 1.27795529 for 1) this represents an equivalent price of 6.25p per LGC Ordinary Share.

Note: LGC is incorporated in the BVI and accordingly is not subject to The City Code on Takeovers and Mergers.

Subject to the Court’s timetable, and the approval of the Knowlton Share Consolidation and the Acquisition by the Knowlton Shareholders at the Knowlton SGM referred to above, the Scheme is expected to become effective by the close of business in Canada on 11 July 2016.

If the Scheme becomes effective, the admission of the LGC Shares to trading on the ISDX will be cancelled and it is expected that such cancellation will take place on or shortly after the Effective Date. From the Effective Date, the Scheme Shareholders and the former DI Holders will not be able to trade their Consideration Shares on ISDX as the Consideration Shares will be admitted to trading only on the TSXV. Simultaneously with the cancellation of the LGC Shares to trading on the ISDX the CREST and Depositary Interest arrangements (further details of which are set out in Paragraph 14 of Part Three of this document below) will be terminated. If deemed appropriate, the Board of Directors of LGC Capital may, after the Effective Date, consider the possibility of a dual listing of the LGC Capital Shares on ISDX.

The Directors of Leni Gas Cuba Limited accept responsibility for this announcement.

For further information, please contact:

Leni Gas Cuba Limited
www.lenigascuba.com
David Lenigas, Executive Chairman
Anthony Samaha, Finance Director
Tel: +44 (0) 20 7440 0640

Beaumont Cornish Limited- ISDX Corporate Adviser
Roland Cornish
James Biddle
Tel: +44 (0) 20 7628 3396

Optiva Securities Limited- Broker
Christian Dennis
Jeremy King
Tel: +44 (0) 20 3137 1902

Square1 Consulting
David Bick
Brian Alexander
Tel: +44 (0) 207 929 5599

Knowlton Capital provides update on reverse take-over with Leni Gas Cuba Limited

MONTREAL, June 9, 2016 – Knowlton Capital Inc. (“Knowlton”) (TSX-V: KWC H) is pleased to announce, in connection with the previouslyannounced reverse take-over of Knowlton by Leni Gas Cuba Limited (“LGC”), that LGC has obtained an interim order from the British Virgin Islands High Court allowing LGC to convene a meeting of LGC shareholders to vote on a scheme of arrangement to effect the reverse take-over. The meeting of LGC shareholders will be held in London, England on July 1, 2016.

Knowlton expects to mail shortly a management information circular for an annual and special meeting of shareholders to be held on July 6, 2016, at which Knowlton shareholders will vote on the reverse take-over with LGC and related matters. A copy of Knowlton’s circular will also be available on SEDAR at www.sedar.com.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Completion of the reverse take-over between Knowlton and LGC is subject to a number of conditions, including TSX Venture Exchange acceptance and disinterested shareholder approval. The reverse take-over cannot close until the required shareholder approval is obtained. There can be no assurance that the reverse take-over will be completed as proposed or at all. Investors are cautioned that, except as disclosed in Knowlton’s management information circular to be prepared in connection with the reverse take-over, any information released or received with respect to the reverse take-over may not be accurate or complete and should not be relied upon. Trading in the securities of Knowlton should be considered highly speculative.

For further information:

Rafi Hazan, Chief Financial Officer
Knowlton Capital Inc.
Tel: (514) 839-7234

CEMATRIX Corporation Announces Appointment of Directors

Calgary, Alberta – June 9, 2016: CEMATRIX Corporation (TSXV: CVX) (the “Corporation”) is pleased to announce that, at the annual and special meeting of shareholders of the Corporation held on June 8, 2016, the following persons have been elected to the board of directors of the Corporation: Jeffrey Kendrick, Robert L. Benson, Stephen Bjornson, Patrick N. Breen, Dan Koyich and Minaz Lalani.

CEMATRIX is an Alberta corporation with its head offices in Calgary, Alberta. The Corporation, through its wholly owned subsidiary, is a rapidly growing, cash flow positive company that manufactures and supplies technologically advanced cellular concrete products developed from proprietary formulations. This unique cement based material with superior thermal protection delivers a cost-effective, innovative solution to a broad range of problems facing the infrastructure, industrial (including oil and gas) and commercial markets.

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.

For further information, please contact:

Jeff Kendrick – President and Chief Executive Officer
Phone: (403) 219-0484

Jeff Walker – The Howard Group – Investor Relations
Phone: (888) 221-0915 or (403) 221-0915
jeff@howardgroupinc.com

FLYHT CEO Tom Schmutz Interviewed on CNBC

FLY:TSX-V

Investors in FLYHT were happy to see the volume in the stock jump to over 2 million shares and the share price rose to over $0.20 on Friday afternoon. Tom Schmutz, FLYHT CEO appeared on CNBC’s Power Lunch. He used the opportunity to discuss the fact that FLYHT offers an affordable solution to the airline industry that is capable of streaming airplane data via the Iridium satellite network. He expressed that this solution would have helped investigators immediately understand exactly what happened with the recent Egypt Air incident.

To view the interview, please click here.

FLY:TSX:V
Shares Outstanding: 173,477,635

Fully Diluted: 182,213,935

 

Knowlton Capital Inc. – Leni Gas Cuba Limited provides update on oil and gas investments regarding MEO Australia Limited’s Beehive Prospect, Bonaparte Basin, Australia

MONTREAL , June 2, 2016 /CNW Telbec/ – Knowlton Capital Inc. (“ Knowlton “) (TSX-V: KWC‑H) announced on April 29, 2016 that it had entered into a letter of intent with Leni Gas Cuba Limited (“LGC“) for a reverse take-over of Knowlton by LGC and provided an update on the reverse take-over on May 27, 2016.  Knowlton wishes to advise its shareholders that LGC issued the annexed press release today regarding MEO Australia Ltd., one of its portfolio companies.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

The annexed press release was issued by LGC.  Knowlton has not made any independent inquiries as to its accuracy or completeness and assumes no responsibility for the contents thereof.

Completion of the reverse take-over between Knowlton and LGC is subject to a number of conditions, including TSX Venture Exchange acceptance and disinterested shareholder approval.  The reverse take-over cannot close until the required shareholder approval is obtained.  There can be no assurance that the reverse take-over will be completed as proposed or at all.  Investors are cautioned that, except as disclosed in Knowlton’s management information circular to be prepared in connection with the reverse take-over, any information released or received with respect to the reverse take-over may not be accurate or complete and should not be relied upon.  Trading in the securities of Knowlton should be considered highly speculative.

MEDIA RELEASE

Leni Gas Cuba Limited
(“LGC” or the “Company”)

Update on Oil and Gas Investments

Significant Potential at MEO’s Beehive Prospect, Bonaparte Basin, Australia

London, Havana: 2 June 2016: London listed Cuban specialist investment company, Leni Gas Cuba Limited is pleased to announce that it’s 15.8% owned Australian and Cuban oil and gas explorer, MEO Australia Limited (“MEO”), has today provided a significant update on it’s 100% owned shallow water Beehive prospect in Western Australia’s Bonaparte Gulf Basin.

David Lenigas, Leni Gas Cuba’s Executive Chairman, said;

“Although our main interest in MEO Australia is for it’s significant exposure to the Cuban oil and gas sector through its 2,380 km2 onshore Block 9 licence due east of Havana, this news highlights the additional significant long term potential of it’s other oil and gas assets in Australia.”

“MEO now indicates that the Beehive prospect, in the shallow waters off the north-west coast of Western Australian has a multi-billion barrel potential and we look forward to further significant developments on this asset in the near future.”

The full MEO Australia Limited news release (with maps and diagrams) is available on their website  at http://www.meoaustralia.com.au

The MEO news release, as released on the Australian Stock Exchange today, states:

“ASX & Media Release

Multi-Billion Barrel Potential of Beehive Prospect Supported by New Reprocessing and Inversion Studies

MELBOURNE, AUSTRALIA (2 June, 2016)

Key Points: 

  • Substantial enhancement to data quality from completed seismic reprocessing and inversion study over Beehive prospect (WA-488-P, MEO 100%)
  • Reprocessing and inversion studies support that Beehive is one of the largest undrilled hydrocarbon prospects in Australia – with multi-billion barrel potential
  • New data very encouraging, providing strong support to key elements of Beehive prospect
  • Renewed farmout effort anticipated in second half of 2016

MEO Australia Limited (“MEO”) (ASX: MEO) advises that the seismic reprocessing and inversion study over the Beehive prospect in WA-488-P (MEO 100%) has now been completed, with very encouraging results.

The seismic inversion results have reinforced the interim reprocessing results (see ASX announcement 14 April 2016) and have enhanced the understanding of the Beehive reservoir and seal units, providing additional confidence regarding the nature of the Beehive prospect.

Beehive is potentially a multi-billion barrel, dual objective, oil prone prospect in the Bonaparte Basin located in 40m water depth next to the producing Blacktip field.

The Carboniferous age objective is a carbonate build up with 400m of mapped vertical relief, analogous to the giant Tengiz field in the Caspian Basin. This play type is new and undrilled in the Bonaparte Basin.

Beehive is defined by a tight grid of pre-existing 2D seismic data, which MEO has reprocessed in order to further de-risk the prospect.

Even prior to the recent reprocessing results the Beehive prospect was characterised as having significant prospective resources as outlined in the following table:

Prospective Resources – Recoverable:

Lenigas Chart 160602

Prospective Resources Cautionary Statement: The estimated quantities of petroleum that may potentially be recovered by the application of a future development project(s) relate to undiscovered accumulations. These estimates have both an associated risk of discovery and a risk of development. Future exploration appraisal and evaluation is required to determine the existence of a significant quantity of potentially moveable hydrocarbons.

The seismic reprocessing and inversion undertaken by MEO over the Beehive prospect provides stronger evidence to support key elements of the Beehive prospect, in particular that the primary reservoir is a Carboniferous carbonate build up and that the overlying seal is a bland, shale prone sequence capable of trapping any hydrocarbons in the substantial structure have been retained.

MEO Managing Director & CEO Peter Stickland commented:

“The Beehive prospect is one of the largest hydrocarbon structures in Australia. Results from the reprocessing and inversion of seismic data across the Beehive prospect have exceeded our expectations. This study has generated multiple data sets, with a dramatic improvement in data quality.

All of the products are pointing in the same positive direction and strengthen our understanding of the likelihood of good reservoir and seal characteristics, which are key elements of the Beehive interpretation. MEO will now proceed to update its risk analysis and characterisation of the Beehive prospect and then seek a farmin partner to fund further exploration of the prospect.”

The information that relates to Contingent Resources and Prospective Resources for MEO is based on, and fairly represents, information and supporting documentation compiled by Peter Stickland, the Managing Director and Chief Executive Officer of MEO. Mr Stickland B.Sc (Hons) has over 25 years of relevant experience, is a member of the European Association of Geoscientists & Engineers and the Petroleum and Exploration Society of Australia, and consents to the publication of the resource assessments contained herein. The Contingent Resource and Prospective Resource estimates are consistent with the definitions of hydrocarbon resources that appear in the Listing Rules. Conversion factors: 6 Bscf gas equals 1 MMboe; 1 bbl condensate equals 1 boe.”

The directors of Leni Gas Cuba Limited accept responsibility for this announcement.

Leni Gas Cuba Limited
www.lenigascuba.com
David Lenigas, Executive Chairman
Anthony Samaha, Finance Director
Tel: +44 (0) 20 7440 0640

Beaumont Cornish Limited- ISDX Corporate Adviser
Roland Cornish
James Biddle
Tel: +44 (0) 20 7628 3396

Optiva Securities Limited- Broker
Christian Dennis
Jeremy King
Tel: +44 (0) 20 3137 1902

Square1 Consulting
David Bick
Brian Alexander
Tel: +44 (0) 207 929 5599

CEMATRIX Corporation Announces a $500,000 Working Capital Financing Agreement

Calgary, Alberta – June 2, 2016: CEMATRIX Corporation (TSXV:CVX) (the “Corporation” or “CEMATRIX”) announces that its wholly owned subsidiary, CEMATRIX (Canada) Inc. (the “Company”) has entered into an agreement with the Business Development Bank of Canada (the “BDC”) which will provide the Company with $500,000 of working capital financing (the “BDC Financing”).

“The cellular concrete market in North America continues to grow and CEMATRIX continues to put itself in a better position to be able to facilitate this growth. This new working capital financing through the BDC, in combination with the new $2,000,000 operating financing provided by the Canadian Western Bank, will ensure that CEMATRIX is in a strong position moving forward and enable us to add and train the additional operation’s staff necessary to sustain this growth” stated Jeff Kendrick, CEMATRIX President and CEO.

The interest rate for the BDC Financing is variable and is 3.86% above the BDC floating base rate, currently set at 4.70%. The BDC Financing is repayable over six years, with seasonal payments of principal required from July to December of each year starting in July 2017. Interest on the BDC Financing is payable monthly commencing July 1, 2016.

The BDC Financing is secured through existing security over the Company’s current owned equipment and property as well as existing guarantees and security provided by CEMATRIX and certain subsidiaries of the Company.

CEMATRIX is an Alberta corporation with its head offices in Calgary, Alberta. The Corporation, through its wholly owned subsidiary, is a rapidly growing, cash flow positive company that manufactures and supplies technologically advanced cellular concrete products developed from proprietary formulations. This unique cement based material with superior thermal protection delivers a cost-effective, innovative solution to a broad range of problems facing the infrastructure, industrial (including oil and gas) and commercial markets.

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.

For further information, please contact:

Jeff Kendrick – President and Chief Executive Officer
Phone: (403) 219-0484

Jeff Walker – The Howard Group – Investor Relations
Phone: (888) 221-0915 or (403) 221-0915
jeff@howardgroupinc.com

Forward-looking information: This news release contains certain information that is forward looking and is subject to important risks and uncertainties (such statements are usually accompanied by words such as “anticipate”, expect”, “would’ or other similar words). Forward looking statements in this document are intended to provide CEMATRIX security holders and potential investors with information regarding CEMATRIX and its subsidiaries’ future financial and operations plans and outlook. All forward looking statements reflect CEMATRIX’s beliefs and assumptions based on information available at the time the statements were made. Readers are cautioned not to place undue reliance on this forward looking information. CEMATRIX undertakes no obligation to update or revise forward looking information except as required by law. For additional information on the assumptions made and the risks and uncertainties which may cause actual results to differ from the anticipated results, refer the CEMATRIX’s Management Discussion and Analysis dated March 2, 2016 under CEMATRIX’s profile on SEDAR at www.sedar.com and other reports filed by CEMATRIX with Canadian securities regulators.

FLYHT Aerospace Solutions Ltd. Appoints Two New Officers

Calgary, Alberta – June 1, 2016 – FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) today announced the appointment of Matieu Plamondon, Vice President Operations and Customer Fulfillment and David Perez, Vice President Sales and Marketing as officers of the Company.

Matieu Plamondon, VP, Operations and Customer Fulfillment, joined the FLYHT team a year and a half ago. He has over 15 years’ experience managing airline operations teams. He also has experience in the IT and software industry from leading the operations team of a software provider, supporting over 200 airlines worldwide. In his previous position as the Director of the Operational Control Centre at First Air, he was responsible for the implementation of FLYHT’s system for satellite communication and tracking.

David Perez joined FLYHT in July 2015. With over 25 years of accomplishments in the aviation industry, he most recently served as Director of Travel and Transportation at Hewlett-Packard (“HP”) where he leveraged his industry experience to secure many strategic aviation agreements. Prior to HP, David was with Electronic Data Systems where he assisted aviation clients in identifying cost saving opportunities. He also brings added experience from two industry leaders, Sabre and American Airlines.

Matieu and David join Thomas Schmutz, CEO; Nola Heale, CFO and Derek Graham, CTO; as executive officers of the Company.

“We recognize the contributions both gentlemen have made to FLYHT in a short period of time,” remarked Thomas R. Schmutz, Chief Executive Officer of FLYHT. “Their continued leadership will help to advance FLYHT’s goals in 2016 which include closing a new OEM opportunity, increasing revenues 30% over 2015, developing the cloud-based UpTimeTM user interface, establishing a global 24×7 call center and a depot repair center in China.”

About FLYHT Aerospace Solutions Ltd.

FLYHT is a leading provider of real-time aircraft intelligence and cockpit communications for the aerospace industry. More than 50 customers, including airlines, leasing companies, and original equipment manufacturers, have installed our systems in order to increase safety, improve operational efficiencies and enhance profitability. FLYHT’s proprietary technology, the Automated Flight Information Reporting System (AFIRS™), operates on multiple aircraft types and provides functions such as safety services voice and text messaging, data collection and transmission, and on-demand streaming of flight data recorder (black box), engine and airframe data. AFIRS sends this information through the Iridium Satellite Network to FLYHT’s UpTime™ ground-based server, which routes the data to customer-specified end points and provides an interface for real-time aircraft interaction. AFIRS has flown over 2 million aggregate flight hours and 1.5 million flights on customers’ aircraft. FLYHT holds supplemental type certificates (STC) which allow for the installation of AFIRS on 95% of transport category aircraft.

Contact Information

FLYHT Aerospace Solutions Ltd.
Nola Heale, CPA (CA)
Chief Financial Officer
403-291-7425
nheale@flyht.com 

Investor Relations
The Howard Group Inc.
Dave Burwell
Vice President
(888) or (403)-221-0915
dave@howardgroupinc.com

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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 release.