CEMATRIX Corporation Announces a $500,000 Equipment Financing Agreement

Calgary, Alberta – October 31, 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 equipment financing (the “BDC Equipment Financing or Loan”).

“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 loan through the BDC will allow us the build new equipment to support this growth” stated Jeff Kendrick, CEMATRIX President and CEO.

The BDC Equipment Financing can be drawn down anytime over the next 24 months. The interest, which is payable monthly, is at a variable rate of 1.85% above the BDC floating base rate, currently set at 4.70%. At the Company’s option the interest rate can be fixed once the Loan is fully drawn. The Loan is repayable over six years, with payments to commence 24 months from the date of the Loan.

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 May 4, 2016 under CEMATRIX’s profile on SEDAR at www.sedar.com and other reports filed by CEMATRIX with Canadian securities regulators.

LGC Capital Ltd. Announces Change of Auditor and Filing of Financial Statements

Not For Distribution to U.S. News Wire Services or Dissemination In The United States

MONTREAL, Oct. 28, 2016 – LGC Capital Ltd. (TSXV: QBA) (“LGC Capital”) announces that its Board of Directors has appointed Ernst & Young LLP, Chartered Professional Accountants, as LGC Capital’s new auditor, replacing FBL LLP, Chartered Professional Accountants. LGC Capital will file a Notice of Change of Auditor and related documents in respect of the change under its profile on SEDAR at www.sedar.com.

LGC Capital also announces that it has filed on SEDAR unaudited consolidated interim financial statements of its wholly‑owned subsidiary Leni Gas Cuba Limited (“Leni Gas Cuba“) for the three and nine-month periods ended June 30, 2016, and the audited financial statements of LGC Capital (formerly Knowlton Capital Inc.) for the fiscal year ended June 30, 2016. As a consequence of the reverse take-over involving Knowlton Capital Inc. and Leni Gas Cuba completed on July 12, 2016, and pursuant to securities legislation and accounting rules, the fiscal year end of LGC Capital was automatically changed from June 30 to the fiscal year of Leni Gas Cuba, being September 30.  Accordingly, the first consolidated financial statements of LGC Capital following the completion of the reverse take-over will be for the fiscal year ended September 30, 2016, which will include historical comparatives for Leni Gas Cuba only.

About LGC Capital

LGC Capital has significant investments and joint ventures in international companies with Cuban ties, that are well positioned to grow with the Cuban economy. Sectors include the following: Oil and Gas, Sports Management, Consulting, Travel & Tourism, Events, TV & Film Production, Agricultural, Renewable Energy and Import & Export.

Caution Regarding Press Releases
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.

For further information please contact:

Canada Contact:
Rafi Hazan, Secretary and Director
Tel.: (514) 839-7234

London Office Contact:
David Lenigas, Co-Chairman and Chief Executive Officer
Mazen Hadad, Co-Chairman
Anthony Samaha, Chief Financial Officer
Tel.: +44 (0) 20 7440 0640

Investor Relations Contact:
Dave Burwell
The Howard Group Inc.
Tel.: (403) 221-9015
Toll Free: 1-888-221-0915
Email: dave@howardgroupinc.com

Rushmans To Co-produce And Distribute Cuba Baseball Series TV Rights Worldwide

Not For Distribution to U.S. News Wire Services or Dissemination In The United States

MONTREAL, Oct. 25, 2016 / – LGC Capital Ltd. (TSXV: QBA) (“LGC“) is pleased to announce that Rushmans, LGC’s 50/50 partner with respect to Cuban Sport, has been granted the rights by RTVC, the Commercial Enterprise of Cuban Radio and Television, to co-produce and distribute the Cuban baseball series worldwide.

The rights cover approximately 60 games between November 1st and January 24th and will feature iconic teams including reigning champions Ciego de Avila, Matanzas, which is coached by the legendary Victor Mesa, Granma and Villa Clara, which features Freddy Asiel Alvarez, one of the league’s hottest pitchers.

The deal is for four seasons, covering the Olympic cycle as Cuba’s leading players compete for their clubs and for places on the National team at Tokyo 2020.

Six games per week will be made available to broadcasters worldwide by Rushmans on behalf of RTVC with HD signal, Spanish and English commentaries and graphics. Weekday games will vary their first pitch time between 2:00 p.m. and 7:00 p.m. while all weekend games will start at 2:00 p.m. (all times are Cuba local).

Phase Two of the season sees six qualifiers from the initial 16-team competition battling for places in the Play-Offs which start in the New Year. The teams will be reinforced by Cuban baseball stars currently playing overseas with teams including the Japanese Yomiuri Giants and Canada’s Capitales de Québec.

David Lenigas, LGC’s Co-Chairman & CEO, commented; “This is a very significant development for televising Cuban baseball around the world over the next four seasons and for the Rushmans – LGC relationship. Importantly, this deal represents the only route for international broadcasters to obtain these rights.”

Rushmans has made the following global Media Release: http://rushmans.com/cuba-baseball-tv-rights/

RUSHMANS TO CO-PRODUCE AND DISTRIBUTE CUBA BASEBALL SERIES TV RIGHTS WORLDWIDE

Havana, 24th October 2016

The prestigious Cuba National Baseball Series, which has been the launch-pad for many stellar international sports careers, is available to a global audience for the first time. Many of the best Baseball players in the world are Cuban and the talent emanating from Cuba will now be seen on the world stage.

The Second Phase and Playoffs of this season are to be distributed and commercialised by Rushmans and through their appointed agents Pitch International.

The rights cover around 60 matches between November 1st and January 24th and will feature iconic teams including reigning champions Ciego de Avila, Matanzas, which is coached by the legendary Victor Mesa, Granma and Villa Clara which features Freddy Asiel Alvarez, one of the league’s hottest pitchers.

Rushmans has been granted the rights by RTVC, the Commercial Enterprise of Cuban Radio and Television. The deal is for four seasons, covering the Olympic cycle as Cuba’s leading players compete for their clubs and for places on the National team at Tokyo2020.

Six games per week will be made available to broadcasters worldwide by Rushmans on behalf of RTVC with HD signal, Spanish and English commentaries and graphics. Weekday games will vary their first pitch time between 2:00 pm and 7:00 pm while all weekend games will start at 2:00 pm. (All times are local).

Phase Two of the season sees six qualifiers from the initial 16 team competition battling for places in the Play-Offs which start in the New Year. The teams will be reinforced by Cuban baseball stars currently making history overseas with teams including the Japanese Yomiuri Giants and Canada’s Capitales de Québec.

Nigel Rushman, founder of Rushmans said:

“The National Baseball Series is the most important sports event series in a nation where baseball runs through the veins of the people.

“For generations Cuba has been producing hugely talented players, many of whom have gone on to find further fame overseas. Now the world has the opportunity to see Cuban baseball at first hand and experience not only the excitement of the games and the extraordinary talent of the players but the passion of the fans and the remarkable hold the sport has on the country.

Cuba is perhaps historically the sport’s most important nation outside the USA. There is already tremendous interest in everything that is happening in Cuba. We are proud to have been appointed by RTVC and to play a role in sharing Cuban baseball with the world. This represents the only route to obtaining these rights.”

Joel Ortega, Director General of RTV said:

“This represents an exciting move into Baseball for us and Cuba is perhaps historically the sport’s most important nation outside theUSA. There is already tremendous interest in everything that is happening in Cuba and we look forward to helping to negotiate the very best deals for RTV, Cuban Baseball and our International Broadcast clients.”

Trevor East, Chairman of Pitch International said:

“We have worked hard to ensure Rushmans has full rights for these broadcasts and the ability to distribute worldwide. It gives us the opportunity to share our content with the world of sports and bring them under control through one route of distribution.”

For further information, please contact

Sales and Enquiries through Rushmans Sales at Pitch International:
Neil Bailey
neil.bailey@pitchinternational.com
UK + 44 7920 703 247

Media Information:
Kevin Roberts
kroberts@rushmans.com
UK +44 7710 192960

General Information:
Lilien Trujillo Vitón
ltviton@rushmans.com
CUBA +53 53395263

http://www.rtvc.icrt.cu/
http://rushmans.com/

LGC’s joint venture partner on this venture, Rushmans has more than 25 years’ experience in world sport and has advised and supported sports governing bodies and played a key role in planning and delivering a host of major events including European Championships in football and World Cups in cricket and rugby. Rushmans has also acted as a strategic advisor to sport bodies and corporations worldwide.


 About LGC Capital

LGC Capital has significant investments and joint ventures in international companies with Cuban ties, that are well positioned to grow with the Cuban economy. Sectors include the following: Oil and Gas, Sports Management, Consulting, Travel & Tourism, Events, TV & Film Production, Agricultural, Renewable Energy and Import & Export.

FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements with respect to LGC Capital Ltd. (“LGC”) and its operations, strategy, investments, financial performance and condition. These statements generally can be identified by use of forward-looking words such as “may”, “will”, “expect”, “estimate”, “anticipate”, “intends”, “believe” or “continue” or the negative thereof or similar variations. The actual results and performance of LGC could differ materially from those expressed or implied by such statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Some important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, competition, changes in government regulation and the factors described under “Risk Factors” in Part 1 – General Information in Respect of the Meeting of the Management Information Circular of LGC (formerly Knowlton Capital Inc.) dated June 9, 2016 prepared in connection with the annual and special meeting of the shareholders of Knowlton Capital Inc. held on July 6, 2016. The cautionary statements qualify all forward-looking statements attributable to LGC and persons acting on its behalf. Unless otherwise stated, all forward-looking statements speak only as of the date of this press release and LGC has no obligation to update such statements.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.

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.

 

For further information please contact:

Canada Contact:
Rafi Hazan, Secretary and Director
Tel.: (514) 839-7234

London Office Contact:
David Lenigas, Co-Chairman and Chief Executive Officer
Mazen Hadad, Co-Chairman
Anthony Samaha, Chief Financial Officer
Tel.: +44 (0) 20 7440 0640

Investor Relations Contact:
Dave Burwell
The Howard Group Inc.
Tel.: (403) 221-9015
Toll Free: 1-888-221-0915
Email: dave@howardgroupinc.com

FLYHT Featured In Calgary Economic Development Marketing Campaign

FLYHT was recently selected by Calgary Economic Development as one of a handful of companies to promote its national “Be Part of the Energy” marketing campaign.

The Canada-wide campaign launches this weekend and runs through late November. There will be full print and social media advertising associated with the campaign, which focuses on non-oil and gas or “countercyclical business opportunities in Calgary.”  

Specifically, look for a “teaser” on FLYHT in today’s (October 14th)  Globe and Mail and the National Post and again in the Globe and Mail on Friday, November 4th.

To see the feature on FLYHT please click here

TMX Group Interviews LGC Capital Co-Chairman Mazen Haddad

QBA:TSX-V

The TMX Group very recently posted an interview with Mazen Haddad, Co-Chairman of LGC Capital in which he provides a compelling business case overview for the multi-strategy Cuban focused investment company.

Here are some key highlights from the interview.

  • “We see a lot of potential in Cuba. It will allow investors a chance to get exposure to Cuba because there isn’t really another place to go for that type of exposure.”
  • “The major growth opportunities are driven by the warming of relations between the U.S. and Cuba. The U.S. consumer and tourists coming to the island are driving a lot of new growth opportunities in Cuba.”
  • “Our investors have a lot to look forward to in the next year, year and a half. There’s going to be a lot of events for sports, and it’ll be exposure to multi-national events in Cuba on sports. We already announced the October 7 friendly between the U.S.A and Cuba, in a few months there will probably be a baseball game as well and go on and on from there. The other opportunity that we are very excited about is developing the coffee crop with Cuba Mountain Coffee and Nespresso. Nespresso has expressed a deep interest in progressing with Cuba Mountain Coffee, specifically to supply the North American market.”

To view the full interview, see below or click here.

An Interview with Argex CEO, Mazen Alnaimi – Why He Invested $1.2 Million

“A significant amount of work is done and I think a lot more will become apparent in the next 30-60 days.”

“We’ve pretty much seen every up and down” is the way The Howard Group thinks about Argex Titanium since we first invested five years ago and formally began working with the company in early 2012. It should have been one of the darlings on the TSX Exchange. It had all the potential to become a blue sky dream story, but reality dealt investors a harsh hand.

We have experienced the good times, such as when the company announced a key relationship in 2012 with PPG Industries, through the meltdown that occurred in 2015, after the previous management team failed to secure funding for a full scale production facility. The company was on life support and the prognosis was grim.

Following a great deal of behind the scenes work lead by Board member, Mazen Haddad, and with the timely help of some key individuals and relationships, the patient opened its eyes in 2016. While the full extent of the recovery remains to be seen, the company has survived a near death experience.

The team that brought Argex back to life are of the opinion that yes, not only will there be a full recovery, but the patient will be “better than new.”

We know that shareholders (we and many of our relationships) have multiple questions. In a detailed 30 minute interview, Grant Howard, President of the Howard Group recently spoke with Mazen Alnaimi, Argex’s new CEO and Chairman of the Board.

Below we have provided the key topics and some excerpts:

  • Details on Mr. Alnaimi’s background: “I started many chemical companies one of which is Chemanol, which I started about 20 years ago as a small investment of one and a half million dollars and have it grown it to a seven hundred million dollar public company.” Click here for more bio details.
  • Due diligence leading up to personal investment of $1.2 million: “I actually dedicated six months evaluating Argex and its technology and I was trying to figure out exactly what went wrong. The conclusion was there was enough merit in the company and its technology to invest.”
  • Perception of the technology: “The fundamentals associated with the technology are solid and the mistakes that were done before are correctable and having been there, done that, I felt that there is a risk, yes, but the risk can be mitigated and that coupled with the fact that I have a very solid team working with me and they worked with me before the past fifteen years that we felt very confident that we can tackle anything that comes our way from the technical point of view and the implementation point of view.”
  • Improvements in the technology: “First of all, we have looked at what has been done before at the lab scale and the pilot plant scale and we have changed a few parameters of the process and that has yielded significant result improvements. We have also applied proper engineering practices and we were able to reduce, by harnessing the energy and converting the energy within the process to improve on the on the cost efficiency and advantage.”
    “But  based on the improvements we have done at the lab scale and the product we are getting now, I feel very confident that we will be able to produce what is required by PPG and other world class paint manufacturers would require.”
  • His financial modelling of the process: “Slight variation but our numbers confirm what the previous management has suggested. But our approach to reach there is different from what they had envisioned… And even better.”
  • Status of Relationship with PPG and HELM: “PPG is very much at the table with us. We’re in constant communication with them, and they are very keen on our technology and having us a part of their supply chain. As far as HELM, we have certain agreements in place with HELM. And they’re an international offtaker and they are part of multiple sources where we can offtake our product to many international companies.”
  • Performance warrants and the milestones management must achieve to earn them:First of all, for restarting the company, a certain percentage to be given at that time and restarting the lab activities and achieving the requirement for the company to function as a legal entity meeting its obligation. The second milestone would be to achieve the product consistency at the lab scale and get the gross product approved by prospective buyers and the third one would be to complete the basic engineering package. The fourth one would be to complete the detailed engineering feed package.”
  • Timeframe to achieve the milestones: “My expectation is that within the next 45 days we should get  the consistency on the product and we should start the basic engineering package by  the end of the year  and we should start working on the feed package in the second quarter of 2017 and we should complete the other thing by the third quarter of 2017, ready to build the plant.”
  • Mr. Alnaimi’s perspective on the issues of getting financed in the past: “We put those milestones and we make it very transparent to the market….what we are trying to achieve now. We’re going to achieve it. So we will not jump two  steps forward and  go back one step. It’s that we have to make sure that consistency is made at the lab scale and the pilot plant and is also approved by our buyers.”
  • Rationale for initially building a 25,000 tonne / year plant: We wanted to derisk the engineering developmental process. I think 25,000 tonnes is a lot less riskier than going immediately to a 50,000 tonnes. So eventually we will reach 50, 75 and 100,000 tonnes based on building parallel trains based on the success of the first 25,000 tonnes plant. ”
  • Response to question on possibility of consolidation of shares: “We don’t see any reason for consolidation at this stage … We have done some financial modeling on that and I think when we look at the net present value of the stock right now based on the future earnings, there is a sizable appreciation if it all goes well.”
  • Mr. Alnaimi on the dream of disrupting the Titanium Dioxide industry:Definitely, definitely, otherwise I wouldn’t have invested in it. I think you’re looking at an industry that is valued around anywhere from 15-18 billion dollars per year. You’re looking at a technology that has been no significant advantage – no significant improvement has been done for the past 30-40 years. The cost is very high and the market needs a new player with a greener technology and I have to be careful when I say greener technology, and also a more cost advantageous structure. And that’s what Argex is promising to deliver. And I think Argex is not looking purely at building a 25,000 tonnes plant or a 50,000 tonnes plant or a 100,000 tonnes plant. We’re looking at expanding the technology to other areas of the world, geographical areas of the world. ”
  • In closing: “I would like to assure you again that we have achieved- there was significant achievements in the last couple of months since we took over. We took over about the middle of July and I’d have to say that we are almost 2/3 complete with our technology and we have significant achievement of us satisfying the TSX and getting clearance and approval to continue listing on the TSX exchange. We were able to reduce our payables by 70%, we have reorganized, done our cash flows, budgets, resolved issues with our mining properties and we are now completed a corporate teaser that will go to investors. So a significant amount of work has been done and completed in 60 days and that even astonishes me myself because I didn’t believe that we would be advancing at that stage, at that fast pace and you know we are happy to be able to do what we have been able to do and I think a lot more will become apparent in the next 30-60 days.”

To listen to the full interview, see below or click here.

Abderraouf Ghali Acquires Shares and Warrants of Argex Titanium

MONTREAL, Québec (October 7, 2016) – Abderraouf Ghali announces that on September 16, 2016 and September 21, 2016, he acquired, directly or indirectly, 1,120,609 common shares (the “Shares”) of Argex Titanium Inc. (TSX: RGX) (the “Corporation” or “Argex”) at a deemed price of $0.0789 per Share, for an amount of $88,416.09, and 5,000,000 common share purchase warrants of Argex (the “Warrants”) at a deemed price of $0.03 per Warrant, for an amount of $150,000.  The Shares and Warrants were issued in a prospectus-exempt transaction for the settlement of debt owing to 7932375 Canada Inc. (“7932375”), a company controlled by Mr. Ghali, by Argex in the amounts of $88,416.09 and $150,000, respectively (the “Transaction”).  The Transaction was approved by Argex’s shareholders at an annual and special meeting held on September 15, 2016 and is described in Argex’s management information circular dated August 17, 2016, a copy of which is available on SEDAR under Argex’s profile.

Each Warrant entitles the holder thereof to acquire one common share of the Corporation at a price of $0.08 per share until September 16, 2021.

Immediately prior to the closing of the Transaction, Mr. Ghali held, directly or indirectly, 163.083 secured convertible notes of the Corporation in an amount of $163,083 (the “Notes”), convertible into a total of 5,436,045 Shares and 4,620,630 Warrants, as well as 7,456,667 additional Warrants.  Each of the Warrants entitles the holder to acquire one additional Share.  Assuming the conversion and exercise of all Notes and Warrants held by Mr. Ghali prior to the closing of the Transaction, he would have owned 17,513,342 common shares, representing 9.32% of the Corporation’s shares that would then be issued and outstanding.

Immediately following the closing of the Transaction, Mr. Ghali holds, directly or indirectly, 1,120,609 Shares, representing 0.65% of the issued and outstanding common shares of the Corporation on September 21, 2016, 163.083 Notes in an amount of $163,083, convertible into a total of 5,436,045 Shares and 4,620,630 Warrants, as well as 12,456,667 Warrants.  Each of the Warrants entitles the holder to acquire one additional Share.  Assuming the conversion and exercise of all Notes and Warrants held by Mr. Ghali, he would own 23,633,951 common shares, representing 12.09% of the Corporation’s shares that would then be issued and outstanding.

Mr. Ghali acquired ownership of the Shares and Warrants in connection with the settlement of debt owing to 7932375 by Argex in the amounts of $88,416.09 and $150,000, respectively.

In accordance with applicable securities laws, Mr. Ghali may, from time to time and at any time, acquire additional Shares and/or other equity, debt or other securities or instruments (collectively, “Securities”) of the Corporation in the open market or otherwise, and he reserves the right to dispose of any or all of his Securities in the open market or otherwise at any time and from time to time, and to engage in similar transactions with respect to the Securities, the whole depending on market conditions, the business and prospects of the Corporation and other relevant factors.

A copy of an early warning report filed by Mr. Ghali in connection with the Transaction is available on SEDAR under the Corporation’s profile.  This news release is issued under the early warning provisions of Canadian securities legislation.

To obtain a copy of the early warning report filed by Abderraouf Ghali, please contact:

Nicole Blanchard
Corporate Communications and Investor Relations
Argex Titanium
(514) 843-5959
nblanchard@argex.ca

Mazen Alnaimi Acquires Warrants of Argex Titanium

MONTREAL, Québec (October 7, 2016) – Mazen Alnaimi, Executive Chairman and Chief Executive Officer of Argex Titanium Inc. (TSX: RGX) (the “Corporation” or “Argex”), announces that on October 5, 2016, he acquired an aggregate of 14,583,332 common share purchase warrants of Argex (collectively, the “Warrants”) issued by Argex, comprised of 2,916,666 “CEO Compensation Warrants” in payment of an amount of $87,500, representing 25% of Mr. Alnaimi’s base compensation of $350,0000 for the period from August 1, 2016 to July 31, 2017, and of 11,666,666 “Bonus Warrants”, the exercise of which is conditional upon the achievement by Argex of certain milestones relating to the progress of the Corporation’s titanium dioxide project (the “Transaction”).  The Transaction was approved by Argex’s shareholders at an annual and special meeting held on September 15, 2016 and is described in Argex’s management information circular dated August 17, 2016, a copy of which is available on SEDAR under Argex’s profile.

Each Warrant entitles the holder thereof to acquire one common share of the Corporation at a price of $0.08 per share until September 21, 2021.  Assuming the exercise of all Warrants, the 14,583,332 common shares issuable upon the exercise thereof would represent 7.7% of Argex’s shares that would then be issued and outstanding.

Immediately prior of the Transaction, Mr. Alnaimi held, directly or indirectly, 1,200 secured notes in an aggregate dollar amount of $1,200,000 (the “Notes”), convertible into a total of 39,999,600 common shares and 33,999,600 Warrants, and an option in respect of 6,000,000 common shares (the “Option”).  Each of the Notes is convertible at the option of the holder into 33,333 common shares and 28,333 Warrants.  Each of the Warrants entitles the holder to acquire one additional common share at a price of $0.05 over a five-year term.  Assuming the conversion and exercise of all Notes and Warrants and the Option held by Mr. Alnaimi prior to the closing of the Transaction, he would have owned 79,999,200 common shares, representing 31.49% of Argex’s shares that would have then been issued and outstanding.

Immediately following the closing of the Transaction, Mr. Alnaimi holds, directly or indirectly, 1,200 Notes, convertible into a total of 39,999,600 common shares and 33,999,600 Warrants, 14,583,332 Warrants and the Option in respect of 6,000,000 common shares.  Assuming the conversion and exercise of all Notes and Warrants and the Option held by Mr. Alnaimi, he would own 94,582,532 common shares, representing 35.12% of Argex’s shares that would then be issued and outstanding.

Mr. Alnaimi acquired ownership of the Warrants in payment of $87,500, representing 25% of Mr. Alnaimi’s base compensation of $350,0000 for the period from August 1, 2016 to July 31, 2017, and as “Bonus Warrants”, the exercise of which is conditional upon the achievement by Argex of certain milestones relating to the progress of the Corporation’s titanium dioxide project.

In accordance with applicable securities laws, Mr. Alnaimi may, from time to time and at any time, acquire additional Shares and/or other equity, debt or other securities or instruments (collectively, “Securities”) of the Corporation in the open market or otherwise, and he reserves the right to dispose of any or all of his Securities in the open market or otherwise at any time and from time to time, and to engage in similar transactions with respect to the Securities, the whole depending on market conditions, the business and prospects of the Corporation and other relevant factors.

A copy of an early warning report filed by Mr. Alnaimi in connection with the Transaction is available on SEDAR under the Corporation’s profile.  This news release is issued under the early warning provisions of Canadian securities legislation.

To obtain a copy of the early warning report filed by Mazen Alnaimi, please contact:

Nicole Blanchard
Corporate Communications and Investor Relations
Argex Titanium
(514) 843-5959
nblanchard@argex.ca

KeyStone Initiates Coverage On CEMATRIX With A SPEC BUY

Keystone Financial has been following CEMATRIX closely for some time. Based on financial results from a stellar 2015, analyst’s Ryan Irvine and Aaron Dunn believe the inflection point has come and it was time to introduce CEMATRIX to its audience of investors.

We quote from the report, “CEMATRIX’s 2015 was a record for the company both in terms of revenues and profitability. The company earned $0.046 per share and with its current trading price in the $0.37 range, its trailing PE is a multiple of around 8. Given the growth the company is forecasting in terms of a potential revenue bump to the $25 million range, the stock would appear cheap. Having said this, the revenue growth will not come without near-term costs and the forecasts are not without risk.

The initial research report recommends that its readers should acquire a starting position in CEMATRIX at current prices  with the intention of filling a full position over the course of the next 3-12 months.

CEMATRIX continues to focus its sales efforts in the ever growing infrastructure market and KeyStone believes that if success in this market continues, then 2017 sets up as a “breakthrough” year.

To read the full report, please click here.

FLYHT Provides Third Quarter Sales Update

Calgary, Alberta – October 5, 2016 – FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) is pleased to announce the following updates to customer and parts sales activity in the third quarter of 2016:

  • Received parts orders from an existing OEM partner (see release on July 15, 2014) for approximately USD $1.0 million of parts with related license fees.
  • Signed one new sales agreement for AFIRS 228 hardware equipment of approximately USD $227,000 in the People’s Republic of China.
  • Signed an order for voice and data services for an operator in Africa which will total USD $156,000 assuming FLYHT provides services over the full term of the five (5) year agreement.

FLYHT continued to update its certifications during the quarter. FLYHT received the supplemental type certificate (“STC”) from the Federal Aviation Administration (“FAA”) for the ATR 42-300 and ATR 72-100/200 aircraft.

China Update
In addition to these orders, FLYHT announced its first Chinese customer for data services in a press release on August 15, 2016.  During 2016, FLYHT has signed six new contracts in China, five for hardware and one for data services. This brings the contracted number of operators in China to 17 through the end of the third quarter of 2016, and to 18 with the press release announcement on October 3, 2016. FLYHT recognizes the strategic importance of the China market.

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

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.

Argex Titanium Achieves Significant Progress at the Laboratory

MONTREAL, Québec – October 4, 2016 – Argex Titanium Inc. (TSX: RGX) (the “Corporation” or “Argex”) is pleased to announce significant progress at the laboratory in Valleyfield less than 60 days after operations resumed (see press release dated August 10, 2016).

Carroll Moore, Chief Operating Officer of Argex, stated that: “We have achieved a substantial reduction in solid and liquid material in the overall process, which will have a positive impact on our CAPEX going forward. We are pleased to see a significant reduction in water in the system through heat integration and changes to the conditions of the leaching process. These improvements should allow equipment size to be reduced, particularly at the leaching and evaporation stages. We also expect to lower the energy consumption of the future commercial plant.”

Next steps 

Mr. Moore added that: “In the next few months, we will perform further optimization tests for the hydrolysis stage and produce enough sample material to operate the heat treatment and finishing stages of the process. The technical team is refining the parameters of the titanium dioxide (TiO2) product at the hydrolysis and heat treatment stages with the objective of obtaining a morphology superior to that of competing products, and proceeding to the finishing treatment. At that point, Argex will have validated all the stages of the technology, including the finishing stages, which were previously handled by external partners.”

About Argex Titanium

Argex Titanium Inc. has developed an advanced chemical process for the volume production of high grade titanium dioxide (TiO2) for use in high quality paint, plastics, cosmetics and other applications.  The Corporation’s unique proprietary process takes relatively inexpensive and plentiful source material from a variety of potential vendors, and produces TiO2 along with other valuable by-products. Argex’s process provides a significant cost and environmental advantage over current legacy TiO2 production methods.

CONTACT INFORMATION:

Nicole Blanchard
Corporate Communications and Investor Relations
Argex Titanium
(514) 843-5959
nblanchard@argex.ca

This news release contains statements that may constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking information and statements may include, among others, statements regarding future plans, costs, objectives or performance of Argex, or the assumptions underlying any of the foregoing. In this news release, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” “target” and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits Argex will derive. Forward-looking statements and information are based on information available at the time and/or management’s good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond Argex’s control. These risks, uncertainties and assumptions include, but are not limited to, those described under “Risk Factors” in Argex’s Annual Information Form for the fiscal year ended December 31, 2015, which is available on SEDAR at www.sedar.com; they could cause actual events or results to differ materially from those projected in any forward-looking statements. Argex does not intend, nor does Argex undertake any obligation, to update or revise any forward-looking information or statements contained in this news release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable laws.

FLYHT Enters into USD $4.26 Million Sales Contract in China

CALGARY, ALBERTA (October 03, 2016) – FLYHT Aerospace Solutions Ltd. (TSX VENTURE: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) is excited to announce it has entered into an agreement with an Information Technology (IT) Company that implements data solutions for Chinese commercial aviation operators in the People’s Republic of China for the sale of the Automated Flight Information Reporting System (AFIRS™) 228S.

The initial contract for the sale of AFIRS 228S hardware is valued at approximately USD $4.26 million assuming FLYHT provides the hardware over the full term of the five (5) year agreement. FLYHT data services may be added in the future, further increasing the value of the contract.

“FLYHT is pleased to announce this contract which shows strategic growth in China,” remarked Michael Fang, FLYHT’s Vice President China Sales. “Our IT customer contracted this hardware purchase for just one of their airline customers using Embraer 190 and 195 aircraft. Should they choose to enable FLYHT’s real-time data, they will see enhanced benefits by feeding data to applications that manage, monitor and track aircraft. We look forward to future growth of this relationship as we explore opportunities to support their other airline customers.”

Installations are anticipated to begin once the necessary approvals of FLYHT’s Supplemental Type Certificates (STC’s) for the Embraer aircraft are received. It is anticipated that the General Administration of Civil Aviation of China’s (CAAC) approval for the E190 STC will be received in early 2017 and the application for the E195 STC will begin in early 2017.

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

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.