LGC Capital Ltd. announces $1,555,000.00 private placement to advance the company’s medical cannabis initiatives

MONTREAL, Aug. 18, 2017 – LGC Capital Ltd. (TSXV: QBA) (“LGC”) is pleased to announce that it has received conditional approval from the TSX Venture Exchange for a private placement of a maximum of 30,000,000 units at a price of $0.10 per unit, for maximum gross proceeds to LGC of $3.0 million. To date, LGC has received signed subscription agreements and subscription funds for an aggregate amount of $1,555,000, which represents 15,550,000 units. Of that amount, senior management is contributing $300,000. LGC expects that a first closing of the private placement will take place on or about August 24, 2017.

John McMullen, LGC’s CEO, comments: “LGC will use the net proceeds from this private placement to advance the Company’s new initiatives in the global medical cannabis sector and for general working capital purposes. In particular, some of the capital raised will be used to assist with the funding of our new joint venture with AfriAg (Pty) Ltd and our recent investment in the House of Hemp (Pty) Ltd in South Africa. Funding will also be channeled towards seeking new medical cannabis investment opportunities elsewhere in southern Africa and in the Asia Pacific Region.”

Each of the units will be comprised of one common share and one common share purchase warrant; each warrant will entitle its holder to acquire one additional LGC common share at a price of $0.15 for a period of one year from the closing date. In the event that the closing price of LGC’s common shares on the TSX Venture Exchange is at least $0.20 for a period of not less than 20 consecutive trading days, the warrants will expire, at the sole discretion of LGC, on the 30th day after the date on which LGC sends a notice in prescribed form to the holders of the warrants.

The units are being offered to “accredited investors” in some or all of the provinces of Canada and in other jurisdictions, if any, determined by LGC.

At the closing of the private placement, LGC will pay cash commissions to various securities dealers in an amount equal to 8% of the proceeds from the sale of units sold through such dealers. In addition, LGC will issue “broker warrants” to such dealers in an amount equal to 8% of the number of units sold through them. Each of the broker warrants will entitle the holder to purchase one additional LGC common share at a price of $0.10 for a period of six months from the closing date of the private placement.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, and these securities will not be offered or sold in any jurisdiction in which their offer or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”), or any state securities laws of the United States. Accordingly, these securities will not be offered or sold to persons within the United States unless an exemption from the registration requirements of the 1933 Act and applicable state securities laws is available.

About LGC (http://www.lgc-capital.com)
LGC Capital Ltd. is a Canadian incorporated public company listed on the TSX Venture Exchange (TSXV: QBA). LGC Capital’s objective is to become a diversified business group with core business divisions that provide shareholders with exposure to a diverse range of businesses, products and services, many of which have some exposure to high growth Cuban business opportunities and some that have no exposure to Cuba at all. LGC Capital has now entered into the agricultural space and the medical cannabis sector in southern Africa through its new joint venture with AfriAg and is seeking new investments opportunities in this sector.


For further information please contact:

Canada contact:
John McMullen, Chief Executive Officer
Tel.: (416) 803-0698
Email: John@lgc-capital.com

London contact:
Anthony Samaha, Chief Financial Officer
Tel.: +44 (0) 20 7440 0640

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

FLYHT Reports Second Quarter 2017 Results

Calgary, Alberta – August 16, 2017 – FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLD) (the “Company” or “FLYHT”), the leading provider of real-time data streaming technology that enhances the efficiency and safety of aircraft, has reported financial results for the second quarter ended June 30, 2017.

“Overall FLYHT had a good quarter and we are well positioned at this point in the year, ahead of budget, and ahead of last year’s revenue at this reporting period by 16%,” stated Thomas R. Schmutz, Chief Executive Officer of FLYHT. “We have announced over USD $10.5 million in sales in the first half of this year.” Schmutz added, “We also signed trial agreements with Boeing and another industry major to demonstrate Autonomous Distress Tracking and Timely Access to Flight Data using the FLYHT solution on both the Iridium and Inmarsat satellite constellations.”

Second Quarter highlights include:

  • Revenue of $3,388,030, which represents 4.2% decrease over the second quarter of 2016. Revenue for the six months ended June 30 was $7,117,112, an increase of 15.7% from 2016.
  • Net loss of $742,102 compared to the second quarter loss of 2016 of $651,105 excluding the sale of intellectual property in 2016 included as other income of $3,223,166.
  • Expenses in the second quarter included a non-cash share based compensation charge of $411,408 compared to$ 340,990 in 2016 or an increase of $70,418.
  • Gross profit was 66.8% of revenue compared to 63.9% for the second quarter of 2016, with the increase being consistent for the six months ended June 30.
  • Recurring revenue (voice and data services) of $1,158,340, an increase of 14.2% over the first quarter of 2016, and parts revenue of $1,479,402, an increase of 30.8%.
  • Distribution expenses were $1,420,236 representing an increase of $171,453 compared to the second quarter of 2016, attributable mainly to higher costs associated with sales activities.
  • Administration expenses were comparable to the same quarter of 2016 with a decrease of $14,690 to $1,088,709 in the quarter.
  • Research and development expenses were $399,920, or 18.7% higher than in the same quarter of 2016, principally due to higher labour and contract labour costs for the quarter that were partially offset by recoveries from government programs.
  • Customer deposits of $909,318 at quarter end were slightly increased from Q2 2016, and payments received in the quarter were $224,050 lower than the same quarter last year.
  • The value of deposits moved to unearned revenue was $582,210, an increase of $320,139 compared to Q2 2016.
  • Unearned revenue decreased in the quarter to $656,844 from $1,561,020 at the end of Q2 2016. This was 57.9% lower than June 2016, and was due to sales being recognized in periods subsequent to June 30 in 2016.
  • Revenue recognized on AFIRS units shipped was $561,725 lower than in Q2 2016 but were only lower by $72,059 year-to-date. Revenue was recognized on 17 installation kits in Q2 2017 compared to 27 in the second quarter of 2016.

Detailed information in FLYHT’s 2017 Second Quarter Report containing the CEO’s Message, Management Discussion and Analysis and Financial Statements has been posted to the Company’s website and can be accessed at http://flyht.com/financial-reports/. The MD&A and Financial Statements have also been filed with SEDAR and will be accessible at www.sedar.com.

FLYHT has scheduled a live conference call to discuss its second quarter results on Thursday, August 17, 2017 at 7 am MDT (9 am EDT, 6 am PDT).

To access the conference call by phone within Canada and the U.S.A. the toll-free number is 1-800-319-4610. Outside Canada and the U.S.A., dial 1-604-638-5340. (Callers should dial in five to 10 minutes prior to the scheduled start time).

Management will accept questions by telephone and e-mail. Individuals wishing to ask a question during the call, can do so by pressing *1. Questions can be emailed to investors@flyht.com.

An archive of the conference call will be posted on the Presentations and Webcasts section of FLYHT’s website as soon as it is available from the conference call provider. http://flyht.com/presentation-and-webcast/

About FLYHT Aerospace Solutions Ltd.

FLYHT’s mission is to improve aviation safety, efficiency and profitability (located in Calgary, Canada; publicly traded as: FLY:TSX.V; FLYLF:OTCQX). Airlines, leasing companies, fractional owners and original equipment manufacturers have installed the Automated Flight Information Reporting System (AFIRS™) on their aircraft to capture, process and stream aircraft data with real-time alerts. AFIRS sends this information through satellite networks to the UpTime™ cloud-based data center, which provides aircraft operators with direct insight into the operational status and health of their aircraft and enables them to take corrective action to maintain the highest standard of operational control.


Contact Information

FLYHT Aerospace Solutions Ltd.
Paul Takalo
Interim Chief Financial Officer
403-291-7425
ptakalo@flyht.com
Investor Relations – The Howard Group
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.

LGC Capital Offers Global Medical Cannabis Industry Year Round Low-Cost Contract Growing And Manufacturing Services From Its High Security And Bonded State-Of-The-Art 40,000 m2 Facilities At Durban’s International Airport In South Africa

MONTREAL and DURBAN, South Africa, Aug. 15, 2017 – LGC Capital Ltd. (TSXV: QBA) (“LGC” or the “Company”) announces that it will now be offering contract medical cannabis growing and processing services to any licenced jurisdiction that can offer medical cannabis.

LGC and its JV Partner AfriAg are fully licenced to grow and transport medical cannabis from South Africa.

The partnership will target international markets looking to save on capital and operating costs and increasing their year round production capacity by growing, refinining and exporting their products from the 40,000 metre2 growing facility at the Dube TradePort Agrizone complex, which is located within the secure and bonded airport precinct of Durban’s King Shaka International Airport in South Africa. The fact the facility is bonded opens up the partnership’s ability to export to the international cannabis marketplace.

LGC and AfriAg (Pty) Ltd can offer year round contract growing and manufacturing services from its current facilities, which feature a purpose built 40,000 m2 temperature-regulated and humidity-controlled greenhouse (all of which is under glass), with refrigerated pack houses, laboratories and offices. This complex is regarded as the most eco-friendly and high-tech agricultural facility in Africa.

“Apart from LGC now looking at new licensed medical cannabis investment opportunities in the Asia-Pacific Region, we are working hard towards significantly expanding our medical cannabis footprint further into the southern African region.” said John McMullen, LGC Capital’s CEO. “At LGC we are excited for this unique opportunity in South Africa as LGC and its partners already have a pre-built glasshouse and greenhouse infrastructure, abundant clean water supply, some of the best heat growing units globally for agriculture, a very competitive labour market and some of the lowest electricity unit costs in the world. LGC and AfriAg can today provide licensed cannabis growers anywhere in the world (in particular the northern hemisphere where costs are high due to severe winter climatic conditions) with a low cost, fully custom, bonded growing and manufacturing platform designed to reduce their capital expenditure, operating costs and increase their speed to not only their domestic licensed markets but to a more global market place through fully bonded and secure facilities.”

LGC, and its JV Partner in the global medical cannabis sector, AfriAg (Pty) Ltd, recently announced on 18 July 2017 that it had signed agreements to acquire a 60% beneficial interest in the House of Hemp (Pty) Ltd, which is South Africa’s one-stop authority on all things hemp and cannabis.

Based in Block “D” of the Dube TradePort’s Agrizone Complex at Durban’s King Shaka International Airport, the facilities feature 40,000 m2 of secure, temperature-regulated and humidity-controlled greenhouse under glass, with refrigerated pack houses, laboratories and offices. This complex is the only licensed indoor growing facility in South Africa and Dube’s AgriZone is regarded as the most eco-friendly and high-tech agricultural facility in Africa and is where House of Hemp is planning to ramp up Research & Development of high-CBD medicinal grade cannabis.

About House of Hemp:

House of Hemp is now a member of the National Hemp Foundation (NHF) and has served as the convener of the NHF’s Human Resource Development Group (in the first phase). House of Hemp is currently the coordinator of the NHF’s Private Sector Working Group.

Licensed in 2010, House of Hemp became the first private company to be awarded an exclusive permit from the Departments of Agriculture and Health to legally cultivate and process hemp in South Africa. Because House of Hemp wanted to reliably expand into the budding industrial market, the company sought an exclusive permit from the Departments of Agriculture and Health to not only import hemp, but also to legally cultivate and process it in South Africa. In 2010, the House of Hemp became the first private company to be awarded such a permit.

As well as supplying hemp fibres and oils, the House of Hemp conducts research and supplies by-products like tow, biomass, dust and seedcake. These have enormous promise, as sustainable replacement materials for a variety of industries globally.

In 2015, House of Hemp partnered with the South African Department of Agriculture & Health. Other key Partnerships established in the same year include the University of the Free State, the Council of Scientific and Industrial Research (CSIR), the Agricultural Research Institute (ARC); the National Agriculture Marketing Council (NAMC); it is owing to these key partnerships that House of Hemp was able to begin conducting research into medical cannabis.

About LGC Capital

LGC Capital Ltd. is a Canadian incorporated public company listed on the TSX Venture Exchange (TSXV: QBA). LGC Capital’s objective is to become a diversified business group with core business divisions that provide shareholders with exposure to a diverse range of businesses, products and services, many of which have some exposure to high growth Cuban business opportunities and some that have no exposure to Cuba at all. LGC Capital now plans to enter into the agricultural space in southern Africa through its new joint venture with AfriAg.

About AfriAg

AfriAg (Pty) Ltd is a global agriculture and agri-logistics specialist, and provides crop growing and logistics solutions, food marketing and bespoke distribution services, by road, air and sea, to many major food retailing and wholesale corporations around the world. AfriAg (Pty) Ltd is 40% owned by London listed AfriAg Global PLC.


For further information:
John McMullen, Chief Executive Officer
Tel.: (416) 803-0698
Email: john@lgc-capital.com

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

FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements with respect to LGC Capital Ltd. (“LGC”), its Joint Venture with AfriAg, its investment in House of Hemp, and LGC’s 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, the Joint Venture with AfriAg and the investment in House of Hemp 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 and Risk Management” in LGC’s Management’s Discussion and Analysis for the fiscal year ended September 30, 2016, as filed on SEDAR (www.sedar.com). The cautionary statements qualify all forward-looking statements attributable to LGC, the Joint Venture, and persons acting on their respective behalfs. 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, except to the extent required by applicable securities laws.
 
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.

FLYHT Supports Boeing for Tracking, Locating and Flight Data Recovery Solutions Testing

Calgary, Alberta – August 10, 2017 – FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”), per the Boeing press release dated July 6, 2017, will provide the Automated Flight Information Reporting System (AFIRS™) product and management platform (UpTime™ Cloud) to Boeing as part of their upcoming flight test program on a FedEx B777 aircraft. FLYHT will participate in the portion of the ecoDemonstrator Program designed to collect data and produce test reports that are necessary to demonstrate Autonomous Distress Tracking and the Timely Recovery of Flight Data in order to drive industry standardization and requirements. FLYHT’s portion of the project was initiated in April 2017 and is expected to be complete in 2018.

The Boeing ecoDemonstrator Program plays a key role in the company’s environmental strategy by using flight testing to accelerate new technologies that can reduce emissions and noise, improve airlines’ gate-to-gate efficiency and help meet other environmental goals. In 2018 for six weeks, Boeing and FedEx Express will work together to flight-test more than 30 technologies aboard a FedEx-owned 777 Freighter. The two companies are committed to reduction of the environmental impact of their products and in advancing technology that will improve performance.

FLYHT will provide equipment, software, a Supplemental Type Certificate and support to Boeing for this evaluation. This program will test many features including enhancements to AFIRS that will allow the product to stream flight data over different satellite systems, including Iridium and an Inmarsat SwiftBroadband connection. The flight data information streamed during the test flights will produce real-time animation, demonstrating improved situational awareness of the cockpit during these events. Also, the flight test program will also stream real-time cockpit audio – demonstrating that all the “black box” data can be captured this way.

“FLYHT is very excited to work directly with Boeing and FedEx to validate our product’s unique value proposition,” remarked Tom Schmutz, FLYHT’s Chief Executive Officer. “We have a fantastic solution for Autonomous Distress Tracking and Timely Recovery of Flight Data and look forward to testing our newly expanded solution with the Boeing engineering team.”

The International Civil Aviation Organization (ICAO) council adopted new provisions to Annex 6 of the Chicago Convention (Operation of Aircraft) in March of 2016 that will take effect between now and 2021. These amendments require aircraft to carry Autonomous Distress Tracking devices which can autonomously transmit location information at least once every minute in distress circumstances. Aircraft are also required to be equipped with a means to have flight recorder data recovered and made available in a timely manner.

The ICAO council established performance based provisions which will allow existing and emerging technologies to be used to meet these requirements, so airframers will be required to choose how they will comply. FLYHT has commercially fielded products that provide Autonomous Distress Tracking and flight data recorder streaming, which it first deployed in April 2014 with First Air, a Canadian Airline Operator.

About FLYHT Aerospace Solutions Ltd.

FLYHT’s mission is to improve aviation safety, efficiency and profitability (located in Calgary, Canada; publicly traded as: FLY:TSX.V; FLYLF:OTCQX). Airlines, leasing companies, fractional owners and original equipment manufacturers have installed the Automated Flight Information Reporting System (AFIRS™) on their aircraft to capture, process and stream aircraft data with real-time alerts. AFIRS sends this information through satellite networks to the UpTime™ cloud-based data center, which provides aircraft operators with direct insight into the operational status and health of their aircraft and enables them to take corrective action to maintain the highest standard of operational control.


Contact Information

FLYHT Aerospace Solutions Ltd.
Paul Takalo
Interim Chief Financial Officer
403-291-7425
ptakalo@flyht.com
Investor Relations – The Howard Group
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.

Canada Jetlines Retains Hybrid Financial for Strategic Investor Relations Initiatives

August 8, 2017

VANCOUVER, BRITISH COLUMBIA, Canada Jetlines Ltd. (JET: TSX-V) (the “Company” or “Jetlines”) announces that it has retained the services of Hybrid Financial Inc. (“Hybrid Financial”) for strategic investor relations initiatives. The initiatives will include marketing, distribution, and branding services for the Company with a specific focus on elevating the Company’s profile via investment advisors in the United States and Canada.

Pursuant to the agreement Hybrid Financial will receive a monthly retainer of $7,500. The agreement commenced August 8, 2017, for an initial term of three months, following which the agreement may be renewed by Jetlines on a month-to-month basis. Jetlines will pay the monthly fee from its cash on hand. The agreement is subject to the approval of the TSX Venture Exchange.

Launched in 2011, Hybrid Financial has a team of 55 professionals operating in Toronto and Montreal. With a proprietary database of over 300,000 U.S. and Canadian brokers, Hybrid Financial’s team members have structured and sold over $10 billion of investment products and the firm has raised over $2 billion on behalf of clients in the past 24 months. Additional information about Hybrid Financial can be found at www.hybridfinancial.com.

Hybrid Financial Inc. does not have any interest, directly or indirectly, in Jetlines or its securities, or any right or intent to acquire such an interest.

About Canada Jetlines Ltd.
Jetlines is set to become Canada’s first ultra-low cost carrier (“ULCC”) airline. With plans to operate flights throughout Canada and provide non-stop service from Canada to the United States, Mexico, and the Caribbean, Jetlines will service the 10 million passenger trips and 30+ secondary airports that go unserved or underserved across Canada. The Jetlines board and management teams are comprised of industry experts with extensive collective expertise in aviation, start-ups and capital markets, successfully receiving an unprecedented exemption from the Government of Canada that will permit it to conduct domestic air services while having up to 49% foreign voting interests.

For more information on Jetlines, please visit our website at www.jetlines.ca.

 

ON BEHALF OF THE BOARD

“Mark J. Morabito”
Executive Chairman


For more information, please contact:
The Howard Group Inc.
Tel: 403.221-9015
Toll Free: 1-888-221-0915
Jeff Walker: jeff@howardgroupinc.com


Cautionary Note Regarding Forward-Looking Information
This news release contains “forward-looking information” concerning anticipated developments and events that may occur in the future. Forward looking information contained in this news release includes, but is not limited to, statements with respect to with respect to: (i) the future contributions of Mr. Stephenson and Mr. Dakens, (ii) future board and management appointments, (iii) reactivation of the OTCQB quotation, and (iv) the business plan and future airline operations of the Company.

In certain cases, forward-looking information can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the accuracy, reliability and applicability of the Jetlines’ business model; the timely receipt of governmental approvals, including the receipt of approval from regulators in Canada, the United States, Mexico and other jurisdictions where Jetlines may operate; the timely commencement of operations by Jetlines and the success of such operations; the ability of Jetlines to implement its business plan as intended; the legislative and regulatory environments of the jurisdictions where the Jetlines will carry on business or have operations; the impact of competition and the competitive response to the Jetlines’ business strategy; and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to acts of God, the impact of general economic conditions, changing domestic and international airline industry conditions, volatility of fuel prices, increases in operating costs, terrorism, pandemics, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement Jetlines’ operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits, financing, capitalization and liquidity risks, including the risk that the financing necessary to fund operations may not be obtained and the additional risks identified in the “Risk Factors” section of the Company’s reports and filings with applicable Canadian securities regulators.

Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update or revise any forward-looking information.

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

Permex Petroleum Corporation announces C$2.0 million Non-brokered Pre-IPO Financing

VANCOUVER, BRITISH COLUMBIA (August 8, 2017) – Permex Petroleum Corporation (“Permex” or the “Corporation”) is pleased to announce that the Corporation will be undertaking a non-brokered financing of up to 5,000,000 common shares for gross proceeds of C$2,000,000 (the “Offering”).

This is expected to be the last round of Pre-IPO non-brokered financing issued by the Corporation  and will help Permex to further acquire assets in the Permian basin, specifically the Delaware basin of Texas and New Mexico to scale up its ownership and operational positions in the region.

Each common share is offered at C$0.40 and will be subject to standard resale restrictions at the time of issuance and an expected contractual hold period of 1 year from the date of closing of the Offering.  The investors have an option of participating in the offering by directly purchasing common shares of the Corporation or by purchasing units of Permex Petroleum Limited Partnership at $1,000.00 per unit which will be converted to common shares of the Corporation on or before August 31st, 2017 at the $0.40 value.

Attributes of the Offering include the following:

  • There is no minimum offering, the maximum offering shall be 5,000,000 shares;
  • Proceeds from the offering are expected to be used to acquire additional assets in Eddy County New Mexico and Pecos county Texas, and for general working capital expenses;
  • No warrants are being issued as part of this offering;
  • Subscriptions will be accepted by the Corporation on a “first-come-first-served” basis from those investors identified by the Corporation as eligible to participate in the Offering in accordance with applicable securities laws. Therefore, if the Offering is over-subscribed it is possible that a proposed investor’s subscription may not be accepted by the Corporation; and the Corporation will maintain the right to reject all or part of any proposed subscriptions in its sole discretion prior to closing of the Offering.

“We are extremely excited to continue to advance our acquisitions in the Permian-Delaware Basin of New Mexico and Texas through this round of financing. Ultimately, these activities will play a major role in expanding our reserves and production footprint in the region”, says Permex Chief Executive Officer Mehran Ehsan.

Additional details related to Permex’s projects in Texas and New Mexico can be viewed on the Corporation’s website at: www.permexpetroleum.com

About Permex Petroleum Corporation:

Permex Petroleum Corporation is a Junior Oil & Gas Company with a focus on low risk producing oil and natural gas assets with significant upside growth opportunities in the State of New Mexico and Texas.

The Corporation is seeking to be a listed on the Canadian Stock Exchange through an Initial Public Offering (“IPO”) in the fourth quarter of 2017.

Sincerely,

PERMEX PETROLEUM CORPORATION

Mehran Ehsan

Chief Executive Officer

This press release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities described herein in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or the securities laws of any state of the United States and may not be offered or sold within the United States (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.

This press release contains forward-looking statements. More particularly, this press release contains statements concerning the proposed terms and timing of the Offering and the expected use of proceeds. The forward-looking statements contained in this document are based on certain key expectations and assumptions made by the Corporation. Although the Corporation believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Corporation can give no assurance that they will prove to be correct. Since forward looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the failure to obtain necessary regulatory approvals, the risk that the transactions described herein are delayed or are not completed. The forward-looking statements contained in this document are made as of the date hereof and The Corporation undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

CEMATRIX Corporation Announces Second Quarter Financial Results

CALGARY, AB (August 3, 2017) – CEMATRIX Corporation (TSX VENTURE:CVX) (the “Corporation” or the “Company” or “CEMATRIX“) announces the release of its consolidated financial results for the three and six months ended June 30, 2017.

Mid-Year Review

“The future of CEMATRIX continues to look extremely positive, as infrastructure markets continue to grow and there are signs that planned construction activity is increasing in the oil and gas sector. Infrastructure market sales growth and new sales from the Lafarge/CEMATRIX arrangement are taking longer than anticipated but CEMATRIX is making progress, as reflected in the continued growth in its sales pipeline,” stated Jeff Kendrick, President and CEO of CEMATRIX.

The results for the first six months of 2017 are lower than expected because three projects, that were delayed from 2016 and scheduled to be completed in the first six months of 2017, have been delayed further in whole, or in part by, due to contractor onsite project delays. The total uncompleted contracted sales value of these delayed projects is approximately $2.4 million. One of the projects commenced again in July, another is now scheduled for August and the third, with a sales value of $0.8 million, may not go until the late fall, if not later.

Management knew coming into 2017 that oil and gas sales would be down substantially from those reported in 2016 due to the completion of a couple of large projects in Alberta in 2016 and the affect that low commodity prices would have on any new projects in this sector, but did not think that it would be as slow as has been experienced. Even so, management had expected that growth in additional infrastructure sales and sales to be generated by its new partnership with the largest cement supplier in the world would more than offset this decline. Unfortunately, both the growth in infrastructure markets and the sales benefit of the joint agreements with Lafarge Canada are taking longer than anticipated to develop.

Contracted sales are $9.1 million as compared to $11.3 million at the same time last year. The current sales pipeline is $108 million compared to $80 million at this time last year. The sales pipeline is comprised of projects on which CEMATRIX has been asked to submit a design or quote, or both.

Sales for the six months ended June 30, 2017 were $4,735,701, down $1,190,060, or 20.1%, in comparison to the same period in 2016. Although volumes are up slightly the average selling price has declined due the shift in sales to lower priced infrastructure work from the higher priced oil and gas projects. Infrastructure sales were up $1,603,918, or 52.5% due mainly to a couple of large tunnel grouting jobs that carried over from 2016. The increase in infrastructure sales was not sufficient to offset the decline in oil and gas sales of $2,793,978, or 97.4%, but it would have been if the delayed projects had gone ahead as scheduled prior to the end of the quarter. During the first six months of 2016 the Company benefitted from two large projects in the Alberta oil and gas sector.

As a result of the lower sales, the gross margins earned during the period decreased by $540,969, or 44.2%. The gross margin percentage in 2017 of 14.4% was down from the 20.6% in 2016. This decline is generally due to the shift to infrastructure work in 2017, which has lower margins than oil and gas projects, and the impact of a change in production method for a specific project from dry mix to wet mix which has a higher material cost. This production method change was implemented for the benefit of the introduction of the new Lafarge/CEMATRIX regional expansion program.

The decrease in the gross margin was partially offset by lower operating expenses such that the loss before income taxes for the six months ended June 30, 2017 was $414,814 compared to a loss of $125,758 in the same period in 2016.

Financial Results

Selected financial information for the three and six months ended June 30, 2017 and 2016 is as follows:

This press release should be read in conjunction with the Corporation’s unaudited Consolidated Financial Statements and Management Discussion and Analysis for the three and six months ended June 30, 2017, both of which can be found on SEDAR.

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.

Permex Petroleum Corporation Closes Oversubscribed $400,000.00 Pre-IPO Round

Vancouver, B.C. – Permex Petroleum Corporation (the “Company”), is pleased to announce that it has completed an over-subscribed private placement of 2,000,000 common shares (each, a “Share”) at a price of $0.20 per Share to raise total gross proceeds of $400,000.00 (the “Private Placement”). Also, the Company is pleased to announce that today it has signed an exclusive letter of intent (the “LOI”) with ClearFork Inc. (“ClearFork”) for its Mary Bullard Oil & Gas property, Wells and Leaseholds located in Stonewall County, Texas. These assets fall on the Eastern Shelf of the Permian Basin of West Texas.

The Company which now owns over 1,025 Net acres in Stonewall County, Texas intends to carry on discounted acquisitions and to implement a conservative yet aggressive development plan optimizing the production from its current assets.  The directors of the Company have extensive and highly successful track records on discounted acquisitions, enhancement, optimization of fields, secondary recovery and infill drilling programs.

“We’re very pleased to execute the LOI on our new Permian Basin acquisition from ClearFork and to concurrently complete a successful oversubscribed offering” said Mehran Ehsan, CEO of the Company. “The response to this Pre-IPO round, including timing and capital structure has been very encouraging and we look forward to our efforts to enhance shareholder value upon a successful listing on a public exchange”.

Private Placement

Pursuant to the terms of the Private Placement, the subscribers agreed to participate in the Company’s initial public offering (“IPO”) by subscribing for an aggregate subscription amount equal to their investment in the Private Placement (which IPO will be conducted at a price of Cdn$0.50 per share). No finder’s fees or commissions were paid, nor any warrants or options issued in connection with the Private Placement. The Shares issued pursuant to the Private Placement are subject to a contractual hold period under the terms of the subscription agreement for a period of 12 months from the closing date.

The funds raised pursuant to the Private Placement are expected to be used by the Company to fund the Company’s operations, to identify complementary asset acquisitions, and for general working capital expenses.

About Permex Petroleum Corporation:

Permex Petroleum Corporation is a Junior Oil & Gas Company with a focus on low risk producing oil and natural gas assets with significant upside growth opportunities in the State of New Mexico and Texas. The Corporation is seeking to be a listed on the Canadian Stock Exchange through an Initial Public Offering (“IPO”) in the fourth quarter of 2017.

Sincerely,

PERMEX PETROLEUM CORPORATION

Mehran Ehsan

Chief Executive Officer

LGC Capital Cannabis Partnership Makes Second Payment Under Agreements To Acquire 60% Interest In South Africa’s House Of Hemp

MONTREAL and DURBAN, South AfricaAug. 1, 2017  – LGC Capital Ltd. (TSXV: QBA) (“LGC” or the “Company”) is pleased to announce that the second payment has been made by the Company and its JV Partner, AfriAg (Pty) Ltd, to the House of Hemp (Pty) Ltd, under the agreement previously announced on July 18, 2017 to acquire a 60% beneficial interest in the House of Hemp.

The House of Hemp is South Africa’s one-stop authority on all things hemp and cannabis. Based in Block D of the Dube TradePort’s Agrizone Complex at Durban’s King Shaka International Airport, which features 40,000 m2 of secure, temperature-regulated and humidity-controlled greenhouse under glass, with refrigerated pack houses, laboratories and offices. This complex regarded as the most eco-friendly and high-tech agricultural facility in Africa and is where House of Hemp is planning to ramp up Research & Development of high-CBD medicinal grade cannabis.

Although medical cannabis is its newest and largest focus, House of Hemp started as an importer and reseller of hemp products, which remains a key element of its business: hempseed oil, hemp protein powder and de-hulled seeds.

House of Hemp is now a member of the National Hemp Foundation (NHF) and has served as the convener of the NHF’s Human Resource Development Group (in the first phase). House of Hemp is currently the coordinator of the NHF’s Private Sector Working Group.

Licensed in 2010, House of Hemp became the first private company to be awarded an exclusive permit from the Departments of Agriculture and Health to legally cultivate and process hemp in South Africa. Because House of Hemp wanted to reliably expand into the budding industrial market, the company sought an exclusive permit from the Departments of Agriculture and Health to not only import hemp, but also to legally cultivate and process it in South Africa. In 2010, the House of Hemp became the first private company to be awarded such a permit.

As well as supplying hemp fibres and oils, the House of Hemp conducts research and supplies by-products like tow, biomass, dust and seedcake. These have enormous promise, as sustainable replacement materials for a variety of industries globally.

In 2015, House of Hemp partnered with the South African Department of Agriculture & Health. Other key Partnerships established in the same year include the University of the Free State, the Council of Scientific and Industrial Research (CSIR), the Agricultural Research Institute (ARC); the National Agriculture Marketing Council (NAMC); it is owing to these key partnerships that House of Hemp was able to begin conducting research into medical cannabis.

About LGC Capital

LGC Capital Ltd. is a Canadian incorporated public company listed on the TSX Venture Exchange (TSXV: QBA). LGC Capital’s objective is to become a diversified business group with core business divisions that provide shareholders with exposure to a diverse range of businesses, products and services, many of which have some exposure to high growth Cuban business opportunities and some that have no exposure to Cuba at all. LGC Capital now plans to enter into the agricultural space in southern Africa through its new joint venture with AfriAg.

About AfriAg

AfriAg (Pty) Ltd is a global agriculture and agri-logistics specialist, and provides crop growing and logistics solutions, food marketing and bespoke distribution services, by road, air and sea, to many major food retailing and wholesale corporations around the world. AfriAg (Pty) Ltd is 40% owned by London listed AfriAg Global PLC.


For further information:
John McMullen, Chief Executive Officer
Tel.: (416) 803-0698
Email: john@lgc-capital.com

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

FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements with respect to LGC Capital Ltd. (“LGC”), its Joint Venture with AfriAg, its investment in House of Hemp, and LGC’s 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, the Joint Venture with AfriAg and the investment in House of Hemp 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 and Risk Management” in LGC’s Management’s Discussion and Analysis for the fiscal year ended September 30, 2016, as filed on SEDAR (www.sedar.com). The cautionary statements qualify all forward-looking statements attributable to LGC, the Joint Venture, and persons acting on their respective behalfs. 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, except to the extent required by applicable securities laws.
 
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.

FLYHT Aerospace Solutions Ltd. Schedules Second Quarter Conference Call

Calgary, Alberta – July 27, 2017 – FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLD) (the “Company” or “FLYHT”) has scheduled a live conference call to discuss its second quarter results on Thursday, August 17, 2017 at 7 am MDT (9 am EDT, 6 am PDT).

The conference call will include a brief presentation from FLYHT’s CEO Thomas R. Schmutz and Interim CFO Paul Takalo about FLYHT’s second quarter results followed by a question and answer period with management.

To access the conference call by phone within Canada and the U.S.A. the toll-free number is 1-800-319-4610. Outside Canada and the U.S.A., dial 1-604-638-5340. (Callers should dial in five to 10 minutes prior to the scheduled start time).

Management will accept questions by telephone and e-mail. Individuals wishing to ask a question during the call, can do so by pressing *1. Questions can be emailed to investors@flyht.com.

An archive of the conference call will be posted on the Presentations and Webcasts section of FLYHT’s website as soon as it is available from the conference call provider. http://flyht.com/presentation-and-webcast/

About FLYHT Aerospace Solutions Ltd.

FLYHT is a leading provider of real-time aircraft intelligence and cockpit communications for the aerospace industry. More than 70 customers, including airlines, leasing companies and original equipment manufacturers, have installed our systems 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 2.6 million aggregate flight hours and 1.7 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.
Paul Takalo
Interim Chief Financial Officer
403-291-7425
ptakalo@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.

LGC Capital Cannabis Partnership Makes First Payment Under Agreements To Acquire 60% Interest In South Africa’s House Of Hemp

MONTREAL and South AfricaJuly 20, 2017 – LGC Capital Ltd. (TSXV: QBA) (“LGC” or the “Company”) is pleased to announce that the first payment has been made by the Company and its JV Partner, AfriAg (Pty) Ltd, to the House of Hemp (Pty) Ltd, under the agreement previously announced on July 18th2017 to acquire a 60% beneficial interest in the House of Hemp.

The House of Hemp is South Africa’s one-stop authority on all things hemp and cannabis.  Based in Block D of the Dube TradePort’s Agrizone Complex at Durban’sKing Shaka International Airport, which features 40,000 m2 of secure, temperature-regulated and humidity-controlled greenhouse under glass, with refrigerated pack houses, laboratories and offices. This complex regarded as the most eco-friendly and high-tech agricultural facility in Africa and is where House of Hemp is planning to ramp up Research & Development of high-CBD medicinal grade cannabis.

Although medical cannabis is its newest and largest focus, House of Hemp started as an importer and reseller of hemp products, which remains a key element of its business: hempseed oil, hemp protein powder and de-hulled seeds.

House of Hemp is now a member of the National Hemp Foundation (NHF) and has served as the convener of the NHF’s Human Resource Development Group (in the first phase). House of Hemp is currently the coordinator of the NHF’s Private Sector Working Group.

Licensed in 2010, House of Hemp became the first private company to be awarded an exclusive permit from the Departments of Agriculture and Health to legally cultivate and process hemp in South Africa. Because House of Hemp wanted to reliably expand into the budding industrial market, the company sought an exclusive permit from the Departments of Agriculture and Health to not only import hemp, but also to legally cultivate and process it in South Africa. In 2010, the House of Hemp became the first private company to be awarded such a permit.

As well as supplying hemp fibres and oils, the House of Hemp conducts research and supplies by-products like tow, biomass, dust and seedcake. These have enormous promise, as sustainable replacement materials for a variety of industries globally.

In 2015, House of Hemp partnered with the South African Department of Agriculture & Health. Other key Partnerships established in the same year include the University of the Free State, the Council of Scientific and Industrial Research (CSIR), the Agricultural Research Institute (ARC); the National Agriculture Marketing Council (NAMC); it is owing to these key partnerships that House of Hemp was able to begin conducting research into medical cannabis.

About LGC Capital

LGC Capital Ltd. is a Canadian incorporated public company listed on the TSX Venture Exchange (TSXV: QBA). LGC Capital’s objective is to become a diversified business group with core business divisions that provide shareholders with exposure to a diverse range of businesses, products and services, many of which have some exposure to high growth Cuban business opportunities and some that have no exposure to Cuba at all. LGC Capital now plans to enter into the agricultural space in southern Africa through its new joint venture with AfriAg.

About AfriAg

AfriAg (Pty) Ltd is a global agriculture and agri-logistics specialist, and provides crop growing and logistics solutions, food marketing and bespoke distribution services, by road, air and sea, to many major food retailing and wholesale corporations around the world. AfriAg (Pty) Ltd is 40% owned by London listed AfriAg Global PLC.


For further information:
John McMullen, Chief Executive Officer
Tel.: (416) 803-0698
Email: john@lgc-capital.com

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

 

FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements with respect to LGC Capital Ltd. (“LGC”), its Joint Venture with AfriAg, its investment in House of Hemp, and LGC’s 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, the Joint Venture with AfriAg and the investment in House of Hemp 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 and Risk Management” in LGC’s Management’s Discussion and Analysis for the fiscal year ended September 30, 2016, as filed on SEDAR (www.sedar.com). The cautionary statements qualify all forward-looking statements attributable to LGC, the Joint Venture, and persons acting on their respective behalfs. 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, except to the extent required by applicable securities laws.
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.

LGC Capital / AfriAg Partner, South Africa’s House of Hemp, Launches New Website

MONTREAL and CAPE TOWN, South Africa, July 19, 2017 – LGC Capital Ltd. (TSXV: QBA) (“LGC” or the “Company”) is pleased to announce that our South African JV Partner, House of Hemp, has launched a new and updated website. The website provides insight into the depth, experience and capabilities of House of Hemp and its founder, Dr. Thandeka Ruth Kunene.

http://houseofhemp.co.za/

According to the website, House of Hemp is South Africa’s one-stop authority on all things hemp and cannabis.  Based in Block D of the Dube Tradeport’s Agrizone Complex featuring 40,000 m2 of secure, temperature-regulated and humidity-controlled greenhouse under glass, with refrigerated pack houses, laboratories and offices. This complex is the most eco-friendly and high-tech facility in Africa where House of Hemp is ramping up R&D for high-CBD medicinal cannabis.Although medical cannabis is its newest and largest focus, House of Hemp started as an importer and reseller of hemp products, which remains a key element of its business: hempseed oil, hemp protein powder and de-hulled seeds.

Dr. Thandeka Ruth Kunene earned an engineering degree in South Africa before moving to London to get her MBA from Richmond University. She then returned to South Africa to become the first woman to earn a Ph.D. in Mathematics from the University of Cape Town.

For several years, Dr. Kunene worked for UNIDO and the Commonwealth Secretariat, served as a member of the Advisory Board at Global Hemp Group Inc. and was instrumental in creating two of the industry’s most important industry groups: The National Hemp Foundation and The Global Natural Fibre Forum. She was equally driven to promote entrepreneurship among black women along with alleviating poverty and environmental damage through the use of natural fibers. Her main focus was hemp because of its incredible versatility.

In 1998, she combined these two visions, founding House of Hemp in Johannesburg. House of Hemp is now a member of the National Hemp Foundation (NHF) and has served as the convener of the NHF’s Human Resource Development Group (in the first phase). House of Hemp is currently the coordinator of the NHF’s Private Sector Working Group.

Licensed in 2010, House of Hemp became the first private company to be awarded an exclusive permit from the Departments of Agriculture and Health to legally cultivate and process hemp in South Africa. Because House of Hemp wanted to reliably expand into the budding industrial market, the company sought an exclusive permit from the Departments of Agriculture and Health to not only import hemp, but also to legally cultivate and process it in South Africa. In 2010, House of Hemp became the first private company to be awarded such a permit.

As well as supplying hemp fibers and oils, House of Hemp conducts research and supplies by-products like tow, biomass, dust and seedcake. These have enormous promise as sustainable replacement materials in all kinds of industries globally.

In 2015, in partnership with the South African Departments of Agriculture and Health, the University of the Free State and the Council of Scientific and Industrial Research (CSIR), House of Hemp began conducting research into medical cannabis. The focus is on CBD strains, which are cultivated and processed at Dube Agrizone in our 40,000 m2 of greenhouse space.

About LGC Capital

LGC Capital Ltd. is a Canadian incorporated public company listed on the TSX Venture Exchange (TSXV: QBA). LGC Capital’s objective is to become a diversified business group with core business divisions that provide shareholders with exposure to a diverse range of businesses, products and services, many of which have some exposure to high growth Cuban business opportunities and some that have no exposure to Cuba at all. LGC Capital now plans to enter into the agricultural space in southern Africa through its new joint venture with AfriAg.

About AfriAg

AfriAg (Pty) Ltd is a global agriculture and agri-logistics specialist, and provides crop growing and logistics solutions, food marketing and bespoke distribution services, by road, air and sea, to many major food retailing and wholesale corporations around the world. AfriAg (Pty) Ltd is 40% owned by London listed AfriAg Global PLC.


For further information please contact:

Canada Contact:
John McMullen, Chief Executive Officer
Tel.: (416) 803-0698
Email: John@lgc-capital.com

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

FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements with respect to LGC Capital Ltd. (“LGC”), its Joint Venture with AfriAg, its investment in House of Hemp, and LGC’s 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, the Joint Venture with AfriAg and the investment in House of Hemp 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 and Risk Management” in LGC’s Management’s Discussion and Analysis for the fiscal year ended September 30, 2016, as filed on SEDAR (www.sedar.com). The cautionary statements qualify all forward-looking statements attributable to LGC, the Joint Venture, and persons acting on their respective behalfs. 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, except to the extent required by applicable securities laws.
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.

LGC Capital Joint Venture to Acquire Controlling Interest in the House of Hemp in South Africa with 40,000m2 of Fully Certified and State-of-the-Art Greenhouse Facilities for the Cultivation of Cannabis

MONTREAL and South AfricaJuly 18, 2017  – LGC Capital Ltd. (TSXV: QBA) (“LGC” or the “Company”) is proud to announce that LGC and AfriAg (Pty) Ltd, its strategic joint venture partner on this medical cannabis initiative, have today signed sole and exclusive agreements to acquire a 60% interest in South Africa’sHouse of Hemp.

“This is an important deal for LGC, that launches the Company straight into the global medical cannabis sector,” said John McMullen, the CEO of LGC Capital. “House of Hemp’s massive 40,000m(420,000 square feet) glasshouse complex at Durban Airport is the only certified cannabis growing and processing facility in South Africa. This is an opportunity to move towards production quickly as this facility exists and is already operational. It is ideal for large scale cultivation and processing of cannabis with its humidity and temperature controlled environments. We see a real global competitive edge as we will have minimal capital costs going forward and plenty of scope to cheaply increase the growing footprint within the Dube TradePort AgriZone. From an operating cost perspective, South Africa has a highly skilled labour force and the unit costs of electricity, labour and fertilizer are globally very competitive. The House of Hemp has a long and established history of top quality R&D in the hemp and cannabis fields in South Africa and we plan to leverage this superior knowledge to use its skills to grow our medical cannabis initiative elsewhere in southern Africa and beyond.”

About the House of Hemp (Pty) Ltd
www.houseofhemp.co.za

Uniquely, the House of Hemp in South Africa has a long term lease on the only certified indoor growing facility for the possession and cultivation of the Cannabis Sativa Plant for research purposes which includes growing, extraction and packaging, at the Dube TradePort AgriZone, which is located within the highly secure precinct of the Durban International Airport.

The Greenhouse “Block D” site is currently the only approved hemp/cannabis indoor growing site in South Africa. The site consists of approx. 37,633m² (405,000 square feet) of fully equipped, temperature regulated and humidity controlled greenhouse under glass plus associated support infrastructure comprising refrigerated pack houses, laboratories and offices covering 1,760m2 (19,000 square feet).

In 2010 House of Hemp became the first private company in South Africa to be awarded an exclusive permit from the Department of Agriculture and the Department of Health to legally cultivate and process hemp and cannabis products and has licences in place to import cannabis seed and products.

Since its establishment, the House of Hemp has been targeting research on all cannabis-related markets (textiles/fibres, oil/nutrition and medicinal) and has been appointed to coordinate commercial research on medical cannabis and is currently in the process of securing a second R&D license to grow and commercialize medicinal cannabis and medicinal cannabis products with varying Tetrahydrocannabinol (“THC”) and CBD content, and to operate legally in South Africa.

The Transaction

LGC and AfriAg have jointly signed a binding agreement with the House of Hemp in South Africa, for the sole and exclusive right to acquire a 60% beneficial interest in the House of Hemp and upon signing this agreement have committed to make an initial payment of CDN $19,595 within the next two days. LGC and AfriAg have also committed to pay an additional amount of CDN $37,000 by July 28th to House of Hemp for next month’s (August 2017) general overheads, salaries and growing facility lease payments. LGC and AfriAg will continue paying CDN $37,000 monthly for a period of six months to keep House of Hemp fully funded while completing the transfer of interest documentation and to allow for sufficient time to complete investigative studies on the most cost efficient ways of commencing scalable production. As part of the transaction, LGC and AfriAg have also committed to secure the necessary CDN $4.9 million estimated to commence large scale trial production within the Dube TradePort Block D greenhouses as soon as development plans are finalised.

About Dube TradePort

Dube TradePort Corporation, a business entity of the KwaZulu-Natal Provincial Government, is charged with the responsibility to develop the province’s biggest infrastructural project. Considered one of South Africa’s top 10 investment opportunities, this designated Special Economic Zone (SEZ) is geared to promote foreign and local investment.

The precinct is strategically located 30km north of the important coastal city of Durban, in KwaZulu-Natal, on South Africa’s eastern seaboard. This over 3,000 hectare development is home to the state-of-the-art King Shaka International Airport and is ideally positioned 30 minutes from Africa’s busiest cargo port, Durban Harbour, and 90 minutes from Richards Bay Harbour.  Dube TradePort takes advantage of its prime location as the only facility in Africa combining an international airport, dedicated cargo terminal, warehousing, offices, retail, hotels and agriculture.

Video of Dube TradePort: https://www.youtube.com/watch?v=xg07t6oTPBc

About Dube AgriZone

Dube AgriZone is Africa’s first integrated perishables supply chain and the most technologically advanced future farming platform on the continent.

This high-tech agricultural development, which forms part of the Dube TradePort Special Economic Zone (SEZ), is host to the largest climate-controlled glass-covered growing area in Africa. It aims to stimulate the growth of KwaZulu-Natal’s perishables sector and affords the opportunity to achieve improved agricultural yields, consistent quality, year-round production and the superior management of disease and pests.

The facility’s primary focus is on the production of short shelf-life vegetables and other horticultural products which require immediate post-harvest airlifting and supply to both domestic and export markets.

The present phase one development comprises an extensive 16 hectares of greenhouses, dedicated post-harvest packhouses, a central packing and distribution centre, a nursery and a sophisticated plant tissue culture laboratory, Dube AgriLab.

LGC’s Medical Cannabis Initiative

In June 2017, LGC announced that it had entered into a strategic alliance with AfriAg (Pty) Ltd to create a new 50/50 Joint Venture which will aim to develop a fully-regulated cannabis growing and processing industry in the southern African region for export to certified and regulated end users world-wide. AfriAg will assist LGC with securing significant agricultural land packages and processing facilities in the region to grow cannabis crops and produce, including seeds, cannabis extracted oils, dried marijuana leafs, cigarettes and vapours.

AfriAg was LGC’s logical partner due to its extensive experience with managing agriculture operations including greenhouse cultivation. It also owns and manages certified facilities and is one of the largest distributers of perishable food products by airfreight to the world from the southern African region.

About LGC Capital
www.lgc-capital.com

LGC Capital Ltd. is a Canadian incorporated public company listed on the TSX Venture Exchange (TSX-V: QBA.V). LGC Capital’s objective is to become a diversified business group with core business divisions that provide shareholders with exposure to a diverse range of businesses, products and services, many of which have some exposure to high growth Cuban business opportunities and some that have no exposure to Cuba at all. LGC Capital now plans to enter into the agricultural space in southern Africa through its new joint venture with AfriAg.

About AfriAg
www.afriagglobal.com

AfriAg (Pty) Ltd is a global agriculture and agri-logistics specialist, and provides crop growing and logistics solutions, food marketing and bespoke distribution services, by road, air and sea, to many major food retailing and wholesale corporations around the world. AfriAg (Pty) Ltd is 40% owned by London listed AfriAg Global PLC.

This is the AfriAg Global JV page, it has a linkable gallery on the page.
http://www.lgc-capital.com/investments/afriag-global-joint-venture/

For further information please contact:

John McMullen, Chief Executive Officer
Tel.: (416) 803-0698
Email: John@lgc-capital.com

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

FORWARD-LOOKING STATEMENTS 
This press release may contain forward-looking statements with respect to LGC Capital Ltd. (“LGC”), its Joint Venture with AfriAg, its investment in House of Hemp, and LGC’s 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, the Joint Venture with AfriAg and the investment in House of Hemp 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 and Risk Management” in LGC’s Management’s Discussion and Analysis for the fiscal year ended September 30, 2016, as filed on SEDAR (www.sedar.com). The cautionary statements qualify all forward-looking statements attributable to LGC, the Joint Venture, and persons acting on their respective behalfs. 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, except to the extent required by applicable securities laws.
 
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.

The QYOU Presentation Now Available for On-Demand Viewing

Company invites individual and institutional investors as well as advisors to log-on to VirtualInvestorConferences.com to view presentation

TORONTOJuly 17, 2017 / The QYOU (TSXV: QYOU), based in Toronto, focused on curation and programming of short-form video content for the Video-Everywhere age, today announced that the July 13 presentation from Curtis Marvis, Founder and CEO, is now available for on-demand viewing at VirtualInvestorConferences.com.

LINK:  https://tinyurl.com/0713postpr

The QYOU’s presentation will be available 24/7 for 90 days. Investors and advisors may download shareholder materials from the “virtual trade booth” for the next three weeks.

Recent Company Highlights

  • The QYOU recently partnered with the Indian television provider Tata Sky in June 2017.
  • The QYOU partnered with European telecommunications operator, Tele2 in April 2017.
  • The QYOU recently partnered with Caribbean telecommunications operator Flow to provide sports content.

About The QYOU
QYOU Media Inc. is a fast-growing global media company that curates and packages premium ‘best-of-the-web’ video for multiscreen distribution. Founded and created by industry veterans from Lionsgate, MTV, and NewsCorp, QYOU’s millennial-focused products including linear television networks, genre-based series, mobile apps, and video-on-demand formats reach millions of customers on six continents. Distribution partners include Sinclair Broadcast Group, Vodafone, 21st Century Fox, Liberty Global, Telenor and TATA Sky.

About VirtualInvestorConferences.com
Since 2010, VirtualInvestorConferences.com, created by BetterInvesting (NAIC) and PRNewswire, has been the only monthly virtual investor conference series that provides an interactive forum for presenting companies to meet directly with investors using a graphically-enhanced online platform.

Designed to replicate the look and feel of location-based investor conferences, Virtual Investor Conferences unites PR Newswire’s leading-edge online conferencing and investor communications capabilities with BetterInvesting’s extensive retail investor audience network.

View original content with multimedia:http://www.prnewswire.com/news-releases/the-qyou-presentation-now-available-for-on-demand-viewing-300488901.html

For further information

The QYOU Contacts:
Holly Searle
Platform Communications – for QYOU Media
+44 (0) 207 486 4900
holly@platformcomms.com

Jeff Walker
Investor Relations – for QYOU Media
+ 1 403 221 0915
jeff@howardgroupinc.com

VirtualInvestorConferences.com
John Viglotti, VP, Investor Relations Products and Services,
Cision / PR Newswire / MultiVu,
+1.201.360.6767
john.viglotti@prnewswire.com

 

FLYHT Aerospace Solutions Ltd. Announces Share Consolidation

Calgary, Alberta – July 13, 2017 – FLYHT Aerospace Solutions Ltd. (“FLYHT” or the “Company”) (TSX-V: FLY) (OTCQX: FLYLF) is pleased to announce that the TSX Venture Exchange has approved a consolidation of its common shares (the “Consolidation”) on a 10 to 1 basis.

The Consolidation was previously approved by the Company’s shareholders at the Annual and Special Meeting held on May 10, 2017.

The Consolidation results in one (1) new post-consolidated common share being issued for ten (10) old pre-consolidated common shares.

The Consolidation will take effect on July 17, 2017 with the Common Shares trading on a post-Consolidation basis beginning at the open of markets on July 17, 2017. At the date of this press release, there are a total of 209,636,273 Common Shares issued and outstanding. Assuming no other change in the issued capital of the Company, it is expected upon completion of this Consolidation, FLYHT will have approximately 20,963,617 (after taking into account certain fractional rounding) Common Shares issued and outstanding. FLYHT’s issuing name will not change as a result of the Consolidation.

The Company is pursuing the Consolidation due to the improvement in the underlying financial performance of the Company and the management of FLYHT believes that the Consolidation will have positive effects for Company stock trading and financial reporting. FLYHT was profitable in 2016 and has produced four successive positive quarters. FLYHT is also producing positive cash flow through normal operations. A more thorough discussion of the rationale for the Consolidation can be found on the Company website at http://flyht.com/investor-letters/.

A full description of the Consolidation is contained in the Company’s Management Information Circular and Proxy Statement dated April 4, 2017, which has been filed with SEDAR at www.sedar.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 70 customers, including airlines, leasing companies and original equipment manufacturers, have installed our systems 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 2.6 million aggregate flight hours and 1.7 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.
Paul Takalo
Interim Chief Financial Officer
403-291-7425
ptakalo@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.