Calyx Bio-Ventures Inc.’s wholly owned subsidiary Cannigistics Agri-Solutions Corp. has entered into a memorandum of understanding with a third party with respect to the implementation of its software platform.

The MOU, which has been signed with a well-financed Canadian company that is in the advanced stages of a review for a licence from Health Canada under MMPR, creates the framework under which Cannigistics’s software and information technology will be integrated with various elements of the third party’s operations, thus enhancing its current capabilities.

“We are excited to have entered into our first agreement with a downstream user in this space,” said Roger Forde, president and chief executive officer of Cannigistics. “This validates the strategy that Cannigistics has established to provide technology solutions, addressing key requirements of companies operating in this sector. We are looking forward to a long and mutually beneficial commercial relationship from this MOU.”

Further to the company’s press release of Sept. 19, 2014, the company is undertaking a non-brokered private placement of up to six million common shares of Calyx at a price of five cents per Calyx share for cash proceeds of up to $300,000. The company expects that it may pay a cash finder’s fee of up to 7 per cent and issue finder warrants of up to 5 per cent of the number of Calyx shares placed, on all or a portion of the private placement. Any finder warrants issued will enable the holder to purchase one Calyx share for a period of one year at a price of 15 cents. The funds raised from the issuance of the Calyx shares will be for general working capital and corporate development purposes.

Great intro to Cannigistics!

Medical Marijuana Update: Cannagistics brings Calyx (V.CYX) in from the cold dead prairies

  Chris Parry,

0 Comments| 9 hours ago

Had a most excellent chat with Roger Forde, the President and CEO of Cannigistics, a subsidiary and now main focus of Calyx Bioventures (TSX:V.CYXStock Forum) yesterday. The Calyx vision is that Cannigistics would be the software provider that would tie every marijuana producer’s systems together.

At least that was the story three months ago. I’ll admit: Didn’t believe a word at the time. There’s a couple of companies looking to enter the weedco systems integration market, a couple more that sell software aimed at specific parts of the seed-to-sale cycle, and then there’s the whole ecommerce end of things.

Well it turns out Calyx is on fire right now, and they’re actually seemingly delivering on their promise and will announce their first contract shortly, with a mid-range MMPR applicant out of BC commiting to partner up.

Roger Forde is a serial tech startup dude, a CEO who codes, a telecommunications mover/shaker who is running an ultra-tight team with minimal cash burn and a lot of experience. Their mission? Take every LP facility out there and get its various pieces of security, software and infrastructure to talk to one another, in a way that the LP can access easily and quickly, to help them stay in compliance and make Health Canada’s tasks a lot easier.

For example: Let’s say Your MMPR candidate has spent a million or so on high tech cameras and swipe card readers to ensure they know who is coming and going at the vault. But if said swipe card produces a long log file, held off-site by another company, how exactly is the site manager going to be able to see that Franky Four Fingers has been in the vault eight times today? And how hard will it be to access the camera feed at the times Franky was inside? And when Health Canada sends out an inspector to look at the records, are they going to be able to look through it all at a laptop, or will they be presented with reams of paper and have to sit in a back room for two days going through it all?

And let’s not even get into call centre set-up, which is something most LPs don’t even think about until the MMPR is granted. Cannigistics connects call centre software to home base, and much more.

Compliance is a big deal. One false move and your license is suspended and/or a crop heads for the incinerator (what’s up, Whistler). So a company that is seeking to standardize and organize background data to help companies keep it at their fingertips, and identify problems as they arise, is worthy of consideration.

What I like about the Cannigistics business model is, once a customer is using them to streamline systems and keep systems working together happily, how do you ever ditch them? And they’re looking to do deals that bring in revenue over the long term, in maintenance fees and upgrades, rather than up-front quarterly financials bait.

A few companies in the dot.bong world have opted to write all their own software, some several times. I know of one high profile LP that had written an entire system of their own but, when their developer left for another company, had to redo the entire thing using Ruby On Rails so their next developer could actually get the job done. What happens if that guy also moves on?

Cannigistics isn’t looking to replace platforms like Quantum 9, Biotrack, Sharepoint and Documentum – rather, it’s looking to provide the tools to make them better, to get the data in them out in the open and to make it easier for the left hand to know what the right hand is doing. A lot of LPs don’t know they need that kind of help yet. But an awful lot of companies will make the realization they do.. the hard way.

Let’s be clear: Calyx Bioventures was a gigantic bowl of whoopsy when it was focused on turning prairie crops into jet fuel. Mistake number one: Getting into business with Business Development Canada, which hasn’t met a good idea yet that it couldn’t beat into a bureaucratic mess like a horde of orcs handed the company bank accounts. Millions were raised and millions disintegrated. Lessons learned, say the CYX brass.

And credit where it’s due: When Calyx’s biofuel play started to unravel, they not only pivoted strongly into acquiring Cannigistics, they also stopped the bleeding by refusing to throw good money after bad, and today they still hold a 25% share of the biofuel venture, as well as significant IP coming from that play – and none of that is costing it anything.

If BDC and its new venture partner decide to go large on Agrisoma (the biofuel project), Calyx gets a free ride on whatever happens next. And if BDC abandons ship, big shrug – those losses are already baked into the share price, and then some.

But in Cannigistics, it has one really important asset, and that’s Forde.

I learned after my conversation with Forde that, in actual fact, he doesn’t need the money from Cannigistics, and is pushing his earnings into a local charity. He’s made plenty out of the communications sector and various companies he’s started and exited from and, for this one, it’s all about personal passion.

That he keeps that to himself, and had to squeezed out of other people, is noteworthy.

That he’s a virgin on the public markets is also worth noting, both in that it might cause issues going forward (Forde loves to talk about his project and has to be reined in on occasion when he gives up too much info), and in that it’s a breath of fresh air to talk to someone who just wants to build a great company and has no games to play and can talk about his area of expertise until he’s blue in the face.

Vancouver shell-forger to the stars Keir Reynolds was involved in the Cannigistics play early, and that’s who first talked to me about the project. Back then, it was all about “we’re going to do this” and “we think we can do that.” Keir is a great champion of the companies he’s involved with, but the early pitch lacked depth.

With Forde now at the wheel, it’s “when I go to see an LP and look at how they’re running their operations, I see new bottlenecks every time that I come back to the office and get to fixing, and the suite of tools gets better.”

Like a portrait painting, clearly Cannigistics will never get to the point where it’s actually finished. There’s always going to be something Forde thinks can be faster, more feature-loaded, more profitable for the end user.

The crappy thing about mining is, no matter how hard a guy works and how smart he is, you’re always at the mercy of luck to a certain extent. The great thing about software is, if you’re smart and enthused and driven, you can make it happen simply by banging out code and keeping a tight eye on the end product.

I can’t invest in Calyx because I’m exposed to insider info now. But I will say, talking to Forde made me want to do so. It’s a bargain at today’s 4c price (already a double from the 2c level back at Christmas time) and the markets will be slow to catch up for the next quarter or so. It’s a gimme.

And just so we’re clear, the reason we had the chat was Calyx is a Stockhouse Publishing marketing client, so that gets them facetime other companies don’t get. Do your own due diligence and I think you’ll find, like I did, that there’s something worth following.


“Ana Paula is one of the best development-stage gold projects in Mexico”

GGB overview

IMHO keep an eye on Newstrike it always has been a takeout target, maybe sooner than later? hasnt cratered like the rest this month

also haywood took a bite today, not usually wrong in mining

“Ana Paula is one of the best development-stage gold projects in Mexico”

Newstrike Capital’s Ana Paula Features Low Cash Costs, Opportunities to Expand
Monday September 15, 2014, 4:20pm PST
By Teresa Matich+ – Exclusive to Gold Investing News

Combining a rich mining history with huge profit potential in the here and now, the Guerrero Gold Belt is one part of Mexico investors should definitely have an eye on.

The belt is located in Southwestern Mexico in the state of Guerrero, which is bordered by the Pacific Ocean to the south and west, the state of Michoacán to the northwest, Morelos to the direct north, Puebla to the northeast and Oaxaca to the east.

While agriculture is a huge driver of economic activity in the state, since 1924 mining has been a part of the equation as well. As Newstrike Capital (TSXV:NES), one of the many companies working within the belt, states on its website, that was the year gold was discovered at Xochipala.

A couple of decades later, the Nukay mine, a small, underground, cut-and-fill gold-mining operation, went into production, and in the late 1980s, modern mining methods were introduced to the area. More in-depth mining began during the 1990s following the discovery of the Bermejal and Los Filos projects, and today the Guerrero Gold Belt continues to attract attention.

Indeed, speaking last year to The Gold Report, Merrill McHenry, metals and mining analyst at Toronto’s Industrial Alliance Securities, commented, “there are 30-40% more drill rigs operating in the GGB than there were one year ago.”

He said that part of the region’s popularity stems from the financial advantages it holds. “In Mexico, because of the plate tectonics and the mineralogical events that occurred, many projects are oxidized instead of being sulfide,” he told the news outlet. “If they’re oxidized, as in the case of the Guerrero Gold Belt, a lot of the resources can just be dug up, trucked over to the leach pad and dumped. They don’t have to mill and use a lot of chemicals and processing in the milling. Quite often, you really can’t get much cheaper than the oxide resources that are prevalent in the [Guerrero Gold Belt]. It gives us some of the cheapest gold production costs in the world.”

Delving a little deeper into that geology, Richard Whittall, president and CEO of Newstrike, said that “Guerrero is at the juncture of a whole bunch of tectonic boundaries,” and 62 to 66 million years ago, intrusions came up in those areas, ultimately hitting limestone. “Very high-grade deposits” were created at the edges of these intrusions as a result of compression and expansion. “During the periods of expansion, fluids came up and got trapped near the surface, and they bubbled over with gold and silver into a disseminated porphyry-like environment,” he explained.

Who’s operating in the Guerrero Gold Belt?

Highlighting all the companies working in the Guerrero Gold Belt would be a gargantuan task, but the following cross section is a good starting point.

Mining and construction

Miners operating in the belt include Goldcorp (TSX:G,NYSE:GG) and Nyrstar (EBR:NYR), which have been mining since 2007 and 2009, respectively. While they’re quite well established, a newer company on the scene is Toronto-based Torex Gold Resources (TSX:TXG). It began a 21-month construction period at its El Limon-Guajes mine back in November 2013, and initial production is expected in 2015′s third quarter.

President and CEO Fred Stanford said in a recent media release, “[a]s of the end of October, over three million hours have been worked on the project without a lost time accident and it is truly impressive to see what those safe hours are accomplishing as the plant rises out of the ground. Looking forward we are beginning the transition from concrete work to steel erection and equipment installation. Everyone is focused in getting it done safely, on schedule, and on budget.”

El Limon-Guajes has a measured and indicated resource of 4.95 million ounces of gold grading 2.79 grams per tonne (g/t) as well as 576,000 ounces of gold grading 1.95 g/t in the inferred category. Reserves, which are included in the resource, stand at 4.1 million ounces of gold grading 2.61 g/t.

Defined resource

Whittall’s Newstrike recently reported the results of a preliminary economic assessment (PEA) on its Ana Paula project. It shows that the project is a “robust, high margin, rapid payback, 8.2-year open pit mining project” with high gold grades and a low strip ratio.

“This PEA supports our view Ana Paula is one of the best development-stage gold projects in Mexico,” said Whittall at the time. “It is a straightforward open pit mine, utilizing conventional milling and flotation concentration with robust economics. The combination of high gold grades, low capital requirements with low operating costs makes this a compelling development project. With a positive PEA in hand, our next step is to evaluate the significant underground potential at Ana Paula and to support high priority exploration targets in this prolific gold belt.”

The current resource for Ana Paula points to 2.2 million ounces of gold (constrained to the pit), with another 3 million ounces of gold surrounding the Ana Paula zone.

Alamos Gold’s (TSX:AGI,NYSE:AGI) Esperanza project also has a PEA in place. Completed in 2011, it looks at an open-pit heap leach operation able to produce more than 100,000 ounces of gold a year at cash operating costs under $500 per ounce. The initial mine life is pegged at six years, and a 2012 updated resource states that Esperanza is estimated to hold a measured and indicated resource of 1.47 million ounces of gold and 16.01 million ounces of silver.


There’s lots of exploration activity taking place in the Guerrero Gold Belt, with Minaurum Gold (TSXV:MGG) and Guerrero Ventures (TSXV:GV) being just a few companies hard at work.

Of the two, Guerrero Ventures has been active most recently. It began a maiden diamond drill program for the Biricu project in October, and expects it to be complete by the end of 2014. The focus is targets on the northern half of the project, and the company budgeted enough for 5,000 meters of drilling.

Biricu was optioned to Guerrero Ventures by Esperanza Resources, which was acquired by Alamos Gold in 2013. The company can achieve 100-percent ownership of the project upon completing a number of requirements over a four-year period.

Upside potential

As the above information shows, companies — and investors — have plenty of reasons to be optimistic about the Guerrero Gold Belt, with the chief one perhaps being that it’s still underexplored. New deposits continue to be found and mining activity is growing accordingly.

It’s thus likely the Guerrero Gold Belt will remain hot prospect for some time to come, and will further be cemented as a region investors should stay up to date on.

Newstrike close to another discovery!

Calyx Completes Acquisition of Cannigistics Agri-Solutions Corp



Calyx Completes Acquisition of Cannigistics Agri-Solutions Corp. 


December 9, 2014 – Vancouver, British Columbia - Calyx Bio-Ventures Inc. (TSXV:CYX) (“Calyx

and “the Company”) is pleased to announce that, further to its news release of September 24, 2014, it

has completed the acquisition of Cannigistics Agri-Solutions Corp. (“Cannigistics”), a company focused

on bringing sophisticated, versatile, and flexible technology solutions to advanced indoor agriculture.


In accordance with the terms of the Share Purchase Agreements (the “Share Purchase Agreements”)

among Calyx, Cannigistics and the shareholders of Cannigistics (the “Cannigistics Shareholders”),

Calyx has issued a total of 10,000,000 common shares to the Cannigistics Shareholders in exchange for

all of the issued and outstanding shares of Cannigistics.


Pursuant to the terms of the Share Purchase Agreements, Calyx will issue an additional 3,000,000

common shares to the Cannigistics Shareholders upon the completion of certain performance milestones

by Cannigistics on or before April 15, 2015 (the “Milestone Shares”).


“We are excited to have joined Calyx, and look forward to benefitting from Calyx’s bioscience and

agriculture expertise as we advance the Cannigistics suite of software products” said Roger Forde,

President and CEO of Cannigistics.


Don Konantz, President and CEO of Calyx commented that “Cannigistics has identified an attractive

market for its software products, and Calyx looks forward to providing Cannigistics with the means to

accelerate its development and advance its marketing plan going forward.”


Further to the TSX Venture Exchange’s bulletin of November 26, 2014 approving the Share Purchase

Agreements, Calyx, Cannigistics and the Cannigistics Shareholders have executed an amending

agreement to the Share Purchase Agreements dated December 4, 2014, pursuant to which the issuance of

the Milestone Shares will no longer be subject to the completion of an equity financing by Calyx.


Both the Board of Directors and the TSX Venture Exchange have approved the completion of the

acquisition of Cannigistics Agri-Solutions Corp.  With respect to the Company’s previously announced

pursuit of business opportunities in the MMPR space, Calyx confirms that it has no plans to submit and

application to Health Canada for its own MMPR license and the Board of Directors has not approved the

Company applying for an MMPR license from Health Canada.


Beyond the now completed acquisition of Cannigistics Agri-Solutions Corp, Calyx currently has no other

plans for prospective investment in the MMPR industry.  In the event that either the Company or any

other entity the Company may invest in, applies for, or acquires an MMPR license from Health Canada,

there are stringent licensing requirements, which would be applicable including significant infrastructural

requirements of attaining and maintaining a license such as an indoor growing facility with physical

barriers, visual monitoring, recording devices, intrusion detection, air filtration systems, as well as other

important controls around distribution and access.  Any facility meeting the rigorous licensing

requirements of Health Canada must be available for inspection by Health Canada before any license can

be granted and no company can legally grow or sell medical marijuana without a license from Health

Canada.  A follow on venture or investment into an MMPR license will require prior approval from the

Company’s Board of Directors and the Exchange and could require shareholder approval.


The foregoing clarifying statements with respect to the Company’s present and planned activities in the

MMPR space are being issued as a result of a review by the British Columbia Securities Commission.



About Cannigistics 


Cannigistics is a software development company that has created an enterprise software platform tailored

to advanced indoor agriculture.  The Cannigistics software platform is designed to enhance the efficiency

and effectiveness of indoor agricultural operations, and positions Cannigistics to be the industry leader in

agri-software solutions by providing businesses with advanced controls over all aspects of their



About Calyx 


Calyx’s wholly-owned subsidiary, Cannigistics Agri-Solutions Corp, is a software development company

that has created an enterprise software platform tailored to advanced indoor agriculture.  In addition,

Calyx owns a portfolio of proprietary intellectual property with applications in crop enhancement. Calyx

also has an approximate shareholding of 25% in Agrisoma Biosciences Inc., a company which is

commercializing carinata, a non-food energy feedstock crop, for biofuel production.


For further information about Calyx, please visit or contact:

Don Konantz

President & CEO

Calyx Bio-Ventures Inc.

Tel:  604-649-5961



For additional information about Cannigistics, please visit or contact:


Roger Forde

President & CEO

Cannigistics Agri-Solutions Corp.

Tel: 778-331-5156


“One of the best development-stage gold projects in Mexico.”

The Mexican State of Guerrero, globally known as a World Class mining area

The Mexican State of Guerrero has been recently under the spotlight due to the grievous situation with the disappearance of the 43 students, but it is also globally known as a World Class mining area.

Newstrike Capital Inc. (TSXV:NES) is a gold and silver exploration company, with 89,000 hectares (240,300 acres), located strategically in the prolific Guerrero Gold Belt (GGB) mining district in Mexico.

The GGB is an emerging mining camp hosting over 31 million ounces of gold (all categories) and includes Goldcorp’s producing Los Filos mine and Torex Gold’s El Limon/Guajes project currently under construction and slated for production in 2015. Newstrike’s management and directors have direct experience exploring in the GGB, co-discovering Goldcorp’s and Torex Gold’s deposits in the area.

Newstrike’s flagship Ana Paula project features a high-grade, near surface deposit with significant underground potential. A recent preliminary economic assessment done on the project contemplates an all-in sustaining cost of $567 per ounce of gold, with an average annual production estimated at 116,000 ounces of gold and 239,000 ounces of silver, with life-of-mine average head grades of 2.24 grams per tonne of gold and 6.89 grams per tonne of silver. Ana Paula also features a low strip ratio of 2.6 to 1 of waste to mineralized material.

In addition to the economic deposit, Newstrike has substantial land holdings surrounding Ana Paula and has identified numerous priority targets through geophysics, ZTEM surveys and surface sampling.


Preliminary Economic Assessment for Ana Paula contemplates an all-in sustaining cost of $567 per ounce of gold, with an after-tax IRR of 32.8 percent and a 2.4 year payback period

Current resource estimate of 1.9 million ounces gold (pit-constrained) with significant potential for additional gold ounces at increased gold prices.

Ownership of substantial land holdings surrounding Ana Paula with significant exploration potential

Management and directors co-discovered Goldcorp’s and Torex Gold’s significant discoveries in the Guerrero Gold Belt

Oaxaca projects provide exposure to another important, established silver-gold mining district

Noteable shareholders include Lukas Lundin

Advancing Ana Paula to pre-feasibility in 2015

Ana Paula Mine

Newstrike CEO Richard Whittall stated that Ana Paula could be “one of the best development-stage gold projects in Mexico.”

Located in the Guerrero Gold Belt in Mexico, Newstrike’s 100 percent owned flagship Ana Paula project is a development stage gold property originally acquired from Goldcorp (TSX:G) in June 2010.

In September 2014, Newstrike released a preliminary economic assessment (PEA) for Ana Paula with strong returns and robust economics at a base case of $1,300 gold. Given its high grades, low strip ratio and simple processing Ana Paula drives good economics even in a lower gold price environment and provides leverage to the gold price should the metal move higher in the future.

Highlights of the PEA based on a $1300 base case price for gold include:

After-tax Net Present Value (NPV) of $232.1 million
After-tax IRR of 32.8% with a 2.4 year payback period
Initial capital costs of $163.9 million
All-in sustaining costs of $567 per ounce of gold, $526 per ounce Net of By-Product credits
8.2 year life of mine
Preliminary Economic Assessment

Contributing to those low operating costs is the straightforward approach Newstrike will take towards developing Ana Paula – the project will be developed as a 6,000 tonne per day open pit mine using conventional milling and flotation concentration. The company is considering future underground potential for Ana Paula as well given the ~3 Million ounces Au outside the pit shell.

Newstrike Capital Mexico Properties

Average annual production is estimated at 116,000 ounces of gold and 239,000 ounces of silver, with life-of-mine average head grades of 2.24 grams per tonne of gold and 6.89 grams per tonne of silver. The project features a low strip ratio of just 2.6 to 1 of waste to mineralized material, which will further support the economics of the mine.

Ana Paula Mine is easily accessible by major highway and is a 4 hour drive south west of Mexico City – close to key water, power and transportation infrastructure. Furthermore, the area is already a well-established mining district, with Goldcorp’s (TSX:G,NYSE:GG) Los Filos mine and Torex Gold’s (TSX:TSG) El Limon/Guajes mine (currently under construction) both nearby. These operations demonstrate the existence of a clear regulatory due process in the area and is positive for the advancement of the Ana Paula project.

Significant Underground Potential

Newstrike Capital Ana-Paula Underground-Potential

Newstrike continues to evaluate the “significant underground potential” for Ana Paula.Results from a 2013 deep drill program confirmed the presence of high-grade mineralization just below the surface and extending to approximately 700 meters deep. The Company returned many strong drill results at depth and continued drilling is expected in 2015.

Newstrike has completed approximately 230 drill holes at Ana Paula and is now preparing a pre-feasibility study for mid-2015.

Aurea Norte

Surrounding Ana Paula is Newstrike’s Aurea Norte exploration property, which covers the northwest extension of the Guerrero Gold Belt. In October 2013, Newstrike identified fifteen high priority drill targets through a ZTEM airborne geophysical survey, with seven targets coinciding with anomalous surface gold geochemistry. Outcrop chip samples have been taken from surface at Aurea Norte, with the best sample returning 16.7 grams per tonne of gold. Newstrike drilled 5,000 meters in late 2013 to test a selection of those anomalies with assays from the campaign showing encouraging results. Further drilling is anticipated in 2015.

Aurea Sur

Contiguous with the Aurea Norte property to the north, Newstrike’s wholly owned Aurea Sur exploration property consists of four claims covering ~ 21,742 hectares.

Aurea Sur is a greenfield property in the early stages of exploration. However, Newstrike has found what it considers to be encouraging results. Geological fieldwork including surface sampling commenced on the property in 2004 and 3,886 metres of drill core was completed in total for 10 drill holes that tested four distinct areas of the property.

Exploration efforts are currently focused on Aurea Norte. However, Newstrike is using results from its most recent drill program to plan future exploration work in Aurea Sur.

Calyx Finalizes agreement for Cannigistics!

2014-11-26 16:09 ET – Acquisition

The TSX Venture Exchange has accepted for filing a shareholder share purchase agreement dated Sept. 24, 2014, between Calyx Bio-Ventures Inc. and Cannigistics Agri-Solutions Corp. and all of the existing securityholders of Cannigistics, whereby Calyx will acquire 100 per cent of the issued and outstanding share capital of Cannigistics, a privately-held British Columbia agricultural technology company, for 10 million common shares. A maximum of three million additional common shares of the company may be issued in the future upon the company’s completion of an equity financing prior to Dec. 31, 2014, and subject to Cannigistics achieving certain performance milestones.

Calyx Bio-Ventures to acquire Cannigistics

Calyx Bio-Ventures Inc (C:CYX)
Shares Issued 38,400,000
Last Close 9/23/2014 $0.045
Wednesday September 24 2014 – News Release

Mr. Don Konantz reports


Calyx Bio-Ventures Inc. has entered into definitive agreements to acquire Cannigistics Agri-Solutions Corp., a company focused on bringing sophisticated, versatile and flexible technology solutions to advanced indoor agriculture.

Cannigistics is developing an efficient application framework that can help growers and agri-facility managers optimize operational efficiency, regulatory compliance, and production results. Cannigistics is presently designing an enterprise software platform tailored to the medical marijuana industry. With the significant reporting requirements of Health Canada and other global agencies as the medical marijuana industry continues to see legalization and rapidly changing regulation, together with the need for tightly controlled growing conditions, it is essential for enterprise software to track, manage, and enhance grower practices in this fast growing industry.

As the medical marijuana industry emerges, new and sophisticated information requirements are becoming apparent for maximizing yield, facility management, integrated security, packaging, labeling and distribution, logistics and tracking. Additionally, the compliance and record keeping requirements are unprecedented and vital to success in the medical marijuana sector. Cannigistics is positioning to be the industry leader in agri-software solutions through its application management console that provides businesses with advanced controls to all aspects of operations.

“We are very excited to have reached agreement with Calyx to conclude the acquisition of Cannigistics,” said Roger Forde, President and CEO of Cannigistics. “As we launch a scalable enterprise solution for indoor agriculture, and an application specifically targeting the medical marijuana industry, it is ideal to have a company with significant experience in biosciences and agriculture innovation behind us. Our proprietary, easy-to-use product offering will allow growers to obtain metrics, streamline compliance, and identify ways to optimize production, as well as offering the ability to integrate with third party platforms to enhance visibility and control throughout the value chain. The legal marijuana supply industry is seeing substantial investment, and we are focused on becoming the dominant solutions provider to this industry, which is expected to grow to $1.3 billion per year in just Canada alone.”

Under the terms of the acquisition, Calyx will acquire all of the issued and outstanding shares of Cannigistics in exchange for 10,000,000 common shares of Calyx. The terms of the acquisition also provide for up to 3,000,000 additional common shares of Calyx to be issued to the vendors in the future upon the occurrence of certain events, further subject to achieving certain performance milestones. The acquisition remains subject to the approval of the TSX Venture Exchange and other conditions customary for a transaction of this nature.

Calyx Bio-Ventures arranges $300,000 placement

Calyx Bio-Ventures arranges $300,000 placement

2014-09-19 08:07 ET – News Release


Mr. Don Konantz reports


Calyx Bio-Ventures Inc. has arranged a non-brokered private placement of up to six million common shares of Calyx at a price of five cents per Calyx share for cash proceeds of up to $300,000. The company may pay a cash finder’s fee of up to 7 per cent and issue finders’ warrants of up to 5 per cent of the number of Calyx shares placed, on all or a portion of the private placement. Any finders’ warrants issued will enable the holder to purchase one Calyx share for a period of one year at a price of 15 cents. The funds raised from the issuance of the Calyx shares will be for general working capital and corporate development purposes.

Newstrike Capital Reports Robust PEA on Ana Paula Project

Newstrike Capital Inc.


September 15, 2014 07:00 ET

Pre-tax NPV@5% of U.S.$405.3 Million and IRR of 47.5%
Average Annual Gold Production of 116,000 Ounces; All-In Sustaining Costs of US $567/Au oz
VANCOUVER, BRITISH COLUMBIA–(Marketwired – Sept. 15, 2014) -
Newstrike Capital Inc. (“NES” or the “Company) (TSX VENTURE:NES) reports the results of an independent technical report developed in accordance with CIM guidelines for a National Instrument 43-101 Preliminary Economic Assessment (“PEA”) on its Ana Paula Project (“Ana Paula” or the “Project”) located in the prolific Guerrero Gold Belt, Mexico.
This study indicates that Ana Paula is a robust, high margin, rapid payback, 8.2-year open pit mining project that benefits from high gold grades with a low strip ratio. The Ana Paula project has excellent access to infrastructure and is located in an established mining jurisdiction.
The PEA study was prepared by JDS Energy & Mining Inc., under the direction of Thomas H. Bagan, Vice President, Project Development (Newstrike).
The reader is advised that the preliminary economic assessment summarized in this press release is only intended to provide an initial, high-level review of the project. The PEA mine plan and economic model include the use of inferred mineral resources which are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves and there is no certainty that the preliminary economic assessment will be realized.
All dollar amounts in this release are stated in US currency.
Base Case at $1,300 Au & $20 Ag per ounce
Pre-tax NPV@5% of $405.3 million, IRR of 47.5% with a 2.0 year payback

After-tax NPV@5% of $232.1million, IRR of 32.8% with a 2.4 year payback

Initial capital costs of $163.9 million (Total life-of mine (“LOM”) – $219.7 includes sustaining/closure costs of $55.8 million and contingency costs of $36.2 million)

Open pit mine with 6,000 tonne per day (“tpd”) gravity/flotation/CIL process plant

Cash costs of $527/ oz gold, $486/oz gold Net of By-Product credits

All-in sustaining costs (“AISC”) of $567/oz gold, $526/oz gold Net of By-Product credits

Average annual production of 116,000 gold ounces and 239,000 silver ounces over a 8.2 year mine life

LOM average head grades of 2.24 g/t gold and 6.89 g/t silver

LOM gold and silver recoveries of 75% and 50%, respectively

LOM strip ratio of 2.60 to 1 of waste to mineralized material

“This PEA supports our view Ana Paula is one of the best development-stage gold projects in Mexico. It is a straightforward open pit mine, utilizing conventional milling and flotation concentration with robust economics. The combination of high gold grades, low capital requirements with low operating costs makes this a compelling development project,” commented Richard Whittall, President and CEO of Newstrike. “With a positive PEA in hand, our next step is to evaluate the significant underground potential at Ana Paula and to support high priority exploration targets in this prolific gold belt.”
In management’s view, the economics concluded by the PEA provide a strong incentive for continued geotechnical, metallurgical and engineering studies. Newstrike believes there are excellent opportunities to refine various project elements and improve the economics through gold recovery optimization.
Mine Life Years 8.2
Total Resource M tonnes 17.8
Total Waste M tonnes 33.6
Total Capitalized Waste M tonnes 12.5
Total Mined M tonnes 63.9
Strip Ratio w:mr 2.60
Mining Rate tpd 23,385
Plant Throughput tpd 6,000
Average Head Grades
Au g/t 2.24
Ag g/t 6.89
Payable Metal
Au LOM k oz 957
k oz/yr 116
Ag LOM k oz 1,961
k oz/yr 239
LOM Pre-Tax Cash Flow US $M $742.6
Avg Pre-Tax Cash Flow per Year US $M $90.4
Taxes US $M $223.6
LOM After-Tax Cash Flow US $M $519.0
Avg After-Tax Cash Flow per Year US $M $63.2
Discount Rate 5%
Pre-Tax NPV (US$M) $405.3
Pre-Tax IRR 47.5%
Pre-Tax Payback (Yrs) 2.0
After-Tax NPV (US$M) 232.1
After-Tax IRR 32.8%
After-Tax Payback (Yrs) 2.4
Au Cash Cost (US $/oz) $527.26
Au Cash Cost Net of By-Products (US $/oz) $486.29
Au Cash Cost incl. Sustaining Capital (US $/oz) $566.93
Au Cash Cost Net of By-Products incl. Sustaining Capital (US $/oz) $525.97
The PEA mine plan and economic model include the use of inferred resources which are considered to be too speculative to be used in an economic analysis except as permitted by NI 43-101 for use in PEA’s. There is no guarantee that inferred resources can be converted to indicated or measured resources and, as such, there is no guarantee that the project economics described herein will be achieved.
Capital Costs Pre-Production
($M) Sustaining/Closure
($M) LOM
Capitalized Stripping 16.7 13.4 30.2
Contractor Mob/Demob 0.4 0.4 0.8
Process Plant 45.7 2.8 48.5
General Site & Utilities 5.1 0 5.1
Laboratory 1.5 0 1.5
Construction Camp 0.6 0 0.6
Camp Site (Operations) 1.5 0.3 1.8
Administration Facilities 1.1 0.2 1.3
Tailings Facility 13 14.8 27.8
Electrical Supply & Distribution 4.6 0.2 4.8
Water Supply & Distribution 1.8 0 1.8
Royalty Purchase 2.8 0 2.8
Reclamation/Closure 0 14.4 14.4
Indirects 22.4 0 22.4
EPCM 15.4 0 15.4
Owners Costs 4.4 0 4.4
Subtotal 137.1 46.5 183.6
Contingency (20%) 26.9 9.3 36.2
Total Capital Costs 163.9 55.8 219.7
Operating Costs LOM Total
Resource & Waste Mined for OPEX tonnes 51.4M
Pre-Stripping and Capitalized Waste tonnes 12.5M
Resource Processed tonnes 17.8M
Mining‡ US$/t processed $6.58 $116.7M
Resource Rehandle* US$/t processed $0.12 $2.1M
Processing US$/t processed $17.75 $315.0M
G&A US$/t processed $2.49 $44.2M
Total Operating Costs US$/t processed $26.93 $478.1M
‡Mining Cost is based on $2.30/t mined
*Rehandle Cost is based on $0.50/t rehandled
Gold Price US$/oz $1,000 $1,100 $1,200 $1,300 $1,400 $1,500
Pre-Tax NPV5%US$ 186.7 259.6 332.4 405.3 478.2 551.1
After-Tax NPV5%US$ 91.5 138.4 185.2 232.1 278.9 325.8
Pre-Tax IRR 27.8% 34.8% 41.4% 47.5% 53.3% 58.8%
After-Tax IRR 17.6% 23.1% 28.1% 32.8% 37.2% 41.4%
Pre-Tax Payback Yrs 2.6 2.4 2.1 2.0 1.8 1.6
After-Tax Payback Yrs 3.3 2.9 2.6 2.4 2.2 2.1
As shown above, the Project has the potential to provide investors with commodity resilience as well as significant leverage to movements in the gold price.
The Ana Paula Project is located in the Guerrero Gold Belt in the State of Guerrero, Mexico, roughly half way between the cities of Mexico City and Acapulco. Mexico is a favourable jurisdiction for mining investment with clearly established mining law and regulatory due process as demonstrated by the existence of operating gold mines such as Goldcorp’s Los Filos, located in close proximity to Ana Paula. Furthermore, Torex Gold’s El Limon/Guajes Mine is currently under construction in close proximity to the Project. Ana Paula is close to all necessary infrastructure including water, road, power, and people.
Mining is via conventional open pit mining methods. Mining will be contracted so no capital is included for mining equipment, instead contractor mining rates used as the basis for mining costs.
Open pit mining costs were calculated from first principles based on equipment required and include pit and dump operations, road maintenance, mine supervision and technical services cost.
The PEA was independently prepared by JDS Energy & Mining Inc. (“JDS”) of Tucson, Arizona. A technical report following the guidelines of the Canadian Securities Administrators’ National Instrument 43-101 will be filed on SEDAR and on the Newstrike Capital’s Inc. website within 45 days.
The PEA is based on a mineral resource estimate prepared by Independent Mining Consultants, Inc., Tucson Arizona, USA. This mineral resource estimate has been developed under the direction of Mr. H. E. Welhener. The resource is based on 223 diamond core drillholes aggregating 108,832 metres and containing 77,183 assay intervals, of which effectively all are assayed for gold and silver. The mineral resource estimate has an effective date of August 8th, 2014.
The tonnage and grades of the Ana Paula mineral resource* at a 0.46 g/t AuEq cutoff are shown in the table below:
Category Contained Ounces
k tonnes AuEq,
g/t Au,
g/t Ag,
g/t Gold Silver
Measured 27,767 1.661 1.608 4.90 1,176,748 3,587,101
Indicated 18,243 1.229 1.163 5.95 682,243 3,488,565
Sum M&I 41,010 1.469 1.410 5.37 1,858,991 7,075,666
Inferred 1,904 1.233 1.113 10.85 68,145 664,484
*The resources are classified according to their proximity to sample locations and are reported, as required by NI 43-101, according to the CIM Definition Standards for Mineral Resources and Mineral Reserves.
Notes and assumptions:
1. Mineral Resources are not Mineral Reserves until they have demonstrated economic viability
2. Mineral Resources are reported as undiluted
3. Mineral Resources were developed in accordance with CIM (2010) guidelines
4. Mineral Resources are reported using a long-term gold price of $1,450/oz and silver price of $23/oz
5. Mining costs used are estimated at $1.85/ton plus $0.02/bench below 900m elevation
6. Processing costs +general and administrative expenses are estimated at $17.25 per tonne
7. Gold recoveries are estimated at 80%
8. Silver recoveries are estimated at 55%. A silver divisor of 91.7 was used to calculate equivalent gold. (Silver is assumed to be recovered along with gold during processing.)
10. Pit slope angles are 55 degrees east-facing, 45 degrees west-facing
11. Resource QP is H. E. Welhener of IMC
12. M&I = measured and indicated, Mt = million tonnes, g/t = grams per tonne, Moz = million ounces, Au = gold, Ag = silver, AuEq = gold equivalent
13. There can be no assurance that all or any part of this resource will be converted into a mineral reserve
The proposed project concept is to develop a green-fields gold-silver deposit with open pit mining and gravity/flotation/CIL process plant with a production rate assumed of 6,000 tonnes per day.
The PEA forecasts an 8.2 year mine life and a LOM strip ratio (the ratio of waste rock to economic mineralized rock) of 2.60 to 1. A total of 17.8 million tonnes of mineralized resource could be mined and processed with 33.6 million tons of waste and 12.5 million tonnes of capitalized waste. Some of the waste rock would be stockpiled and an undetermined portion may be reclassified as a resource at a later date should metallurgical testwork support economic viability. Throughout the life-of-mine, an estimated 957,000 ounces of payable gold and 2.0 million ounces of payable silver would be produced at an average head grade of 2.24 g/t gold and 6.89g/t silver.
A metallurgical testwork program for the PEA was carried out on samples of composited drill core selected to represent the first four years of feed to the process plant. The composites were made from six rock types and subjected to direct cyanidation testing, flotation and gravity concentration followed by cyanidation, coarse particle leaching, and mineralogical deportment. The composite responded positively to both direct cyanidation and flotation concentration followed by cyanidation. Testwork was conducted by ALS Metallurgy in Kamloops BC and reported January 31st, 2014.
The flowsheet selected for Ana Paula consists of a tertiary crushing system, followed by ball mill grinding and gravity recovery, flotation, disposal of flotation tails, leaching of a combined gravity and flotation concentrate, and recovery of precious metals by the carbon-in-leach method. This flowsheet is commonly used throughout the world.
The project area is not within a known environmental protection area. Formal environmental baseline studies have not been initiated but will be required to obtain the environmental permits for future mining operations. Communication with the local community, private land owners and the “Ejido” (cooperative land tenure system) was initiated as part of the exploration program.
Qualified Persons and QA/QC
The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 (“NI 43-101) and reviewed by Mr. Thomas H. Bagan, a Qualified Person. The field programs and selection of the metallurgical samples from Ana Paula were carried out under the supervision of Dr. Craig Gibson, PhD, CPG, and a Qualified Person under NI 43-101.
The PEA was conducted under the overall direction of Mr. Michel Creek, of JDS Energy and Mining, Inc. of Tucson Arizona. Mr Creek is a JDS Project Manager and an independent “Qualified Person” under NI 43-101 who has verified the technical and scientific information and prepared the economic analysis included in this news release. There are no known legal, political, environmental, or other risks that could materially affect the potential development of the Project.
Under Mr. Creek’s review, the following Qualified Persons contributed to their respective sections:
Kelly McLeod P.Eng, JDS – Mineral Processing and Recovery Methods
Tony Loschiavo P. Eng, Associate, JDS – Mine Design
Dawn Garcia CPG, JDS – Environmental Studies, Permitting, & Social
Robert Matter P.E., JDS – Infrastructure and Tailings
About Newstrike Capital (TSX VENTURE:NES)
Newstrike Capital Inc.,, is a precious metal focused explorer, targeting known and historic mining districts in Mexico. Newstrike’s flagship property, ‘Ana Paula’, is an advanced-stage, high grade, near surface gold/silver resource with robust economics in the Guerrero Gold Belt (“GGB”). Key senior members of the Company’s current management and directors have participated in Guerrero Gold Belt discoveries, including Goldcorp Inc.’s producing Los Filos Mine and Torex Gold Resources advanced stage Morelos Project in Guerrero State.
Newstrike holds a 100% interest in certain exploration properties in Mexico located within two established mining districts; the Au (Ag-Cu) skarn-porphyry camp of the Guerrero Gold Belt, and the polymetallic Pb-Zn-Ag (Au-Cu) rich epithermal camp of the mining districts of Oaxaca State.
Mr. Thomas H. Bagan, a qualified person under NI43-101, has reviewed the contents of this press release. The exploration program is conducted under the direction and supervision of Dr. Craig Gibson, PhD, CPG and qualified person under NI43-101.
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.
Certain of the statements made in this news release contain forward-looking information within he meaning of applicable Canadian securities law. Material forward-looking information includes, but is not limited to statements or information with respect to the resource estimate and potential future exploration and development results and results of studies in respect of the Company’s Ana Paula Project. We have made numerous assumptions about the material forward-looking information contained herein, including among other things, that prices of gold and silver will remain relatively stable, that applicable permits will be obtainable and that any required financing will be available on reasonable terms. Even though our management believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that the forward-looking statement or information will prove to be accurate.
Forward-looking information by its nature involves known and unknown risks, uncertainties and other factors which may cause the actual results to be materially different from any future results expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, among others, the following: the inherent risks and uncertainty involved in the exploration and development of mineral properties; the uncertainties involved in interpreting drill results and other exploration data; the potential for delays in exploration or development activities; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations; accidents, equipment breakdowns, labor disputes or other unanticipated difficulties with or interruptions in production and operations; fluctuating prices of metals and other commodities; currency fluctuations; the possibility of project cost overruns or unanticipated costs and expenses; uncertainties relating to the availability and costs of financing needed in the future; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; regulatory restrictions, including environmental regulatory restrictions and liability; competition and loss of key employees; political instability in Mexico; the availability of key equipment; the risk of disruption from non-governmental organizations; risks relating to our common shares and the public markets. Should one or more of these risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. Although we have attempted to identify factors that would cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause actual results, performances, achievements or events to not be as anticipated, estimated or intended. Also, many of the factors are beyond our control. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly you should not place undue reliance on forward-looking information. Except as required by law, we do not expect to update forward-looking information as conditions change and you are referred to the full discussion of the Company’s business contained in the Company’s reports filed with the securities regulatory authorities in Canada.
Newstrike Capital Inc.
Richard Whittall
Director, President & CEO

Newstrike Capital Inc.
Patrick Piette
Investor Relations

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