Route1 shareholders approve all matters at AGM

 

2016-11-28 10:52 ET - News Release

 

Mr. Michael Harris reports

ROUTE1 ANNOUNCES ANNUAL AND SPECIAL MEETING RESULTS

Route1 Inc. has received approval for all proposals submitted to shareholders at the company's annual and special meeting of shareholders, which was held on Nov. 28, 2016, in Toronto, Ont.

The matters voted on and approved are as follows:

 

1. Mark S. Boensel, Peter F. Chodos, Tony P. Busseri, Louis De Jong, Michael F. Doolan, David Fraser and Michael D. Harris were elected as the company's directors. Following the meeting, the board of directors met and selected Mr. Harris to continue to serve as Route1's chairman of the board.


2. Collins Barrow LLP, chartered accountant, was appointed as the company's auditor in respect of the year ending Dec. 31, 2016.


3. Route1's stock option plan was reapproved.


4. The resolution authorizing the consolidation of the common shares of Route1 on the basis of one postconsolidation common share for up to 20 preconsolidation common shares, at the discretion of the board of directors of the company, was approved.

 

About Route1

 

Route1 is a world leader in secure data protection technologies and user authentication for government and enterprise. With offices in Washington, Boca Raton, Fla., and Toronto, Canada, Route1 serves public-sector and private-sector clients around the world.

Route1 verified for OTCQB trading

 

2016-11-28 10:04 ET - News Release

 

Mr. Tony Busseri reports

ROUTE1 INC. VERIFIED FOR TRADING ON THE OTCQB VENTURE MARKET

Route1 Inc. has been verified for trading on the OTCQB Venture Market in the United States under the symbol ROIUF. Route1 will continue to trade on the TSX Venture Exchange under the symbol ROI.

The OTCQB market offers public companies transparency and ease of trading to engage both retail and institutional investors. OTCQB's streamlined rules and regulations provide international companies with a timely and cost-efficient method of trading their securities in the United States.

 

"We are pleased to be listed on the OTCQB, and expect that this listing will serve to increase our trading volumes and liquidity. Trading on OTCQB is part of a multipronged strategy which we believe will allow us to attract new investors to Route1," said Tony Busseri, chief executive officer of Route1.

Clarocity records $1-million in revenue for December

 

2017-01-17 17:33 ET - News Release

 

Mr. Shane Copeland reports

CLAROCITY CORPORATION ANNOUNCES UNAUDITED CAD $1 MILLION REVENUE FOR DECEMBER 2016

Clarocity Corp. recorded revenue of $1-million for December, 2016. Clarocity expects to report audited 2016 fiscal year results in March, 2017.

"We are seeing a consistent and steady performance the last couple of months as we continue to execute on our strategy of capitalizing on our massive pipeline," stated Shane Copeland, chief executive officer of Clarocity. "While this is only the beginning of what we expect going forward, we view this as a very positive sign as to what 2017 will hold. In what is typically a quiet month in December, we were still able to record $1-million in revenue, and we have only just scratched the surface of the opportunity available to us."

The company will be attending the Cantech Investment Conference 2017 on Jan. 18, 2017. Chief product officer Bill Mohler will be presenting at 2 p.m. and chief executive officer Mr. Copeland will be available for questions afterward at booth 203.

About Clarocity

 

Clarocity (formerly known as Zaio Corp.) provides real estate valuation technologies to deal with today's dynamic housing market through its proprietary valuation solutions. Every day GSE, banking and investor clients rely on the company's proprietary solutions to finance loans and value assets. As a fully integrated technology and valuation services company, Clarocity provides unparalleled insight into real estate business assets.

Clarocity issues 825,000 shares for interest payments

 

2017-01-04 17:53 ET - News Release

 

Mr. Shane Copeland reports

CLAROCITY CORPORATION APPROVES ISSUANCE OF SHARES IN LIEU OF INTEREST PAYMENTS

Holders of Clarocity Corp.'s debentures issued May 9, 2013, have elected to receive an aggregate of 825,000 common shares in lieu of cash as consideration for interest payments amounting to $90,750 due Dec. 31, 2016.

 

Under the terms of the indenture dated May 9, 2013, holders may elect to receive settlement of semi-annual interest payments in the equivalent common shares of the company converted at the greater of the market price prescribed under the policies of the TSX Venture Exchange or the volume average trading price for the five trading days prior to the interest payment date. The conversion rate applicable to the Dec. 31, 2016, interest rate payment is 11 cents per common share. Following the issuance, the company will have 205,048,709 issued and outstanding shares.

Clarocity renews contract with secondary market lender

 

2016-12-22 08:30 ET - News Release

 

Mr. Shane Copeland reports

CLAROCITY CORPORATION RENEWS MULTIPLE YEAR CONTRACT WITH LARGE SECONDARY MARKET LENDER

Clarocity Corp. has provided an update. Valuation Vision's contract to provide BPOMerge to a previously announced secondary market lender has been renewed and extended for an additional three years.

"This is clearly a testament to the performance and accuracy of our BPOMerge product," said Shane Copeland, chief executive officer of Clarocity. "Not only have we continued to exceed quality and service expectations for this product, recent improvements to our corporate performance are allowing us to expand into new states."

BPOMerge is a proprietary valuation solution, where multiple agents provide independent research and price opinions. The innovative MergeValue algorithm scores agent performance to determine the most probable outcome as a reconciled value. With 18 expert-selected comparables and over 40 site inspection data elements, BPOMerge provides a significant amount of data and insight on the subject property.

"Over the last two years of this contract, we've been continuously measured in terms of product and services performance," said Zan James, chief operating officer of Valuation Vision. "Not only have we repeatedly outranked competitors in terms of quality and service, we've developed an agile customer-focused organization that quickly adapts technology and product the client's strategic needs. As a result, we've continued to expand the map of states where our product is selected over competing solutions."

 

We seek Safe Harbor.

Newcastle Gold moves to TSX, plans Oro Belle drilling

 

2017-01-17 10:31 ET - News Release

 

Ms. Susan Muir reports

NEWCASTLE GOLD GRADUATES TO TSX AND ANNOUNCES ITS 2017 PLAN

Newcastle Gold Ltd. has received final approval for the listing of the company's common shares on the Toronto Stock Exchange.

Newcastle Gold's common shares will commence trading on the TSX effective as of market open on Tuesday, Jan. 17, 2017. Upon listing on the TSX, the common shares of the company will continue to trade under the symbol NCA. In conjunction with listing on the TSX, the company's common shares will be delisted from the TSX Venture Exchange prior to the commencement of trading on Tuesday, Jan. 17, 2017.

The TSX is the premier stock exchange for resource companies, and Newcastle Gold believes that the move to the main board will facilitate greater access to a broad range of international and institutional investors and capital pools. Increased exposure for the company coincides with the advancement of its flagship asset, the Castle Mountain gold project in eastern California, which has 4.2 million ounces of measured and indicated resources.

Newcastle Gold's plan of action in 2017 includes:

 

• Completing a 40,000-metre drill program before the end of April (9,381 metres completed to date), followed by an updated resource estimate in the third quarter on the Oro Belle trend (which contains the proposed starting pit in the Oro Belle South area) and a prefeasibility study in the fourth quarter;


• Water drilling and testing in the southern part of the property to increase the project supply following a third party review that was completed in 2016;


• Initiating a prestripping program by year-end in the area of the starting pit to remove approximately 10 million to 20 million tonnes of low-grade material (0.3 to 0.4 gram per tonne gold); this material was previously placed as backfill material from low-grade material (below 0.5 gram per tonne gold) during the later years (1996 to 2001) of the past operation from the Jumbo and Oro Belle pits located to the north; this material does not require blasting or crushing; the low-grade material will be placed at a rate of up to 5,000 tonnes per day onto a run-of-mine (ROM) pad, and the company anticipates that this process could recover 10,000 to 15,000 ounces ahead of full-scale production; the company estimates that the benefits of removing this material in advance without a feasibility study will offset the risk of potential negative cash flow based on the small investment and the potential return;


• Exploration drilling is also continuing in the South Domes area, where excellent results in 2016 (1.09 grams per tonne over 213.7 metres reported in the company's Aug. 16, 2016, press release and 1.73 grams per tonne over 135.9 metres reported in the company's Oct. 4, 2016, press release) identified larger potential than previously outlined.

 

About Newcastle Gold

Newcastle Gold has a 100-per-cent interest in the Castle Mountain property in San Bernardino county, California. The Castle Mountain heap-leach gold mine produced over one million ounces of gold from 1992 to 2004. The mine and reclamation plan, under which the mine operated, was authorized by the County of San Bernardino as the lead agency and remains in effect.

Ian R. Cunningham-Dunlop, PEng, the company's senior vice-president, technical services, is the designated qualified person for this news release within the meaning of NI 43-101. He has reviewed and verified that the technical information contained in this release is accurate and has approved of the written disclosure of the same.

 

We seek Safe Harbor.