CYX retains ETL for use in MMPR

Calyx Provides Corporate Update and Cancels Private Placement Financing
VANCOUVER, BRITISH COLUMBIA–(Marketwired – April 9, 2014) – Calyx Bio-Ventures Inc. (TSX VENTURE:CYX) (“Calyx” or the “Company”) announces that it has entered into an agreement with BDC Capital Inc. and Agrisoma Biosciences Inc. (“Agrisoma”) pursuant to which Calyx has agreed to waive its pre-emptive right in order to allow a third party to finance Agrisoma. The proposed Agrisoma financing, if it were to proceed as proposed and without Calyx’s participation will, upon closing, dilute Calyx’s interest in Agrisoma from 49.96% to approximately 29%. Following an evaluation by an Independent Committee of Calyx’s board of directors, it was determined that in Calyx’s view, Agrisoma’s business had not progressed as expected, and no options for financing Agrisoma could be found that would be satisfactory to shareholders of Calyx.
Additionally, intellectual property (“IP”) which was exclusively licensed to Agrisoma by Calyx is no longer under exclusive license to Agrisoma. With the IP reverting to Calyx, Calyx is now able to license and utilize its IP in other agricultural sector opportunities that it is currently investigating. The unique and powerful features of this technology provide clear advantages for the development of plant-based products. Calyx is in discussions and pursuing a number of new business opportunities in the agriculture and agri-pharmaceutical sectors including the MMPR (Marijuana for Medical Purposes Regulations) and marijuana biotech where we can bring our depth of agriculture capacities.
Accordingly, the Calyx board has determined to cancel the dilutive non-brokered private placement for the issuance of up to 35 million units at a price of six cents per unit for cash proceeds of up to $2.1-million previously announced on March 31, 2014.
About Calyx
Calyx Bio-Ventures Inc. (TSX VENTURE:CYX) is an agricultural technology company which is developing early stage agriculture ventures. Calyx brings its depth of experience, capital and other capacity, including its proprietary intellectual property, to enhance plant yields. In addition to Calyx’s shareholding in Agrisoma Biosciences Inc., a company which is producing a non-food energy feedstock crop for bioenergy, Calyx is pursuing agri-pharmaceutical opportunities in the MMPR (Marijuana for Medical Purposes Regulations) and the agri-tech space. The medical marijuana industry is in its infancy and is an emerging multibillion-dollar opportunity undergoing significant regulatory and legal reform which offers strong growth opportunities to early participants. For further information about Calyx, please visit

CYX to enter Marijuana for Medical Purposes Regulations market


Calyx Bio-Ventures Inc. is arranging a proposed non-brokered private placement of up to 35 million units at a price of six cents per unit for cash proceeds of up to $2.1-million. Each unit comprises one common share and one common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share of the company at a price of nine cents for a period of 24 months from the closing of the private placement, subject to certain acceleration provisions in the event that the shares of the company trade at 15 cents or higher for 10 consecutive trading days. The company expects that it will pay an 8-per-cent cash finder’s fee and finders’ warrants equal to 8 per cent of the units placed, and having the same terms as the warrants, on all or a portion of the private placement.

The funds raised from the issuance of the units will be for general working capital and potential further investment into Agrisoma or other businesses in the tech, agriculture and biotech sectors including the MMPR (Marijuana for Medical Purposes Regulations) and the agri-pharmaceutical space.

Further to the updates issued on March 24 and 26, 2014, Calyx continues to consider financing solutions for Agrisoma that work for all of Agrisoma’s stakeholders.

Calyx Reaches New Heights With Carinata-based Biojet Fuel

March 17, 2014

Agrisoma’s nursery, where Resonance® Carinata strains are bred for maximum value as aviation biofuel.
© Calyx Bio-Ventures Inc.
Gaze skyward in any large city and you’ll see planes in flight, thousands of planes shuttling passengers and cargo around the world. And they all have something in common: They’re burning fuel. The U.S. Energy Information Administration estimates world jet fuel consumption at more than 5 million barrels a day. Do we even want to think of what that’s doing to our environment?

Until recently, there’s been little alternative to petroleum-based jet fuel. Resonance® Carinata from Calyx Bio-Ventures Inc. is one such alternative.

Calyx is the largest shareholder in Agrisoma Biosciences Inc., producing drop-in replacements for petroleum-based biodiesel and biojet fuel that can be used in existing engines without blending. Agrisoma recently made aviation history in what Popular Science Magazine called one of the Top 25 Most Important Scientific Events of 2012, the first successful completion of a civil jet flight powered by 100% renewable, drop-in biofuel.

Besides just running on fuel from a renewable source, the flight recorded a 25% reduction in particle emissions, a 49% reduction in black carbon, and a 50% reduction in aerosol emissions. Hinting at significant savings for the aviation industry, the fuel also showed a 1.5% improvement in fuel usage compared to conventional jet fuel.

The biofuel used in that flight was made from Agrisoma’s Carinata. We spoke with Don Konantz, President and CEO of Calyx Bio-Ventures, about this remarkable plant and its potential to revolutionize the aviation industry.

EI: Don, tell us about Resonance® Carinata and why it’s important.

Don: Resonance® Carinata is the trade name of the plant. Carinata is an industrial, non-food emerging oil seed that’s grown in our hotter and drier regions. The wild type originally comes from Ethiopia as the Ethiopian mustard plant. The biggest thing about Carinata, and specifically Resonance® Carinata, is that we’ve been breeding this plant and working with it to tailor it to grow in the lowest cost production zones of the North American prairie region. This is our least arable land on which there is typically a rotation strategy. A farmer will grow a wheat crop, then perhaps come back with another wheat crop, and then he’ll let the land lay fallow. Of course, where we have fallow land, that land is purely uneconomical. It’s just sitting there. By growing Carinata in these low cost production zones, not only are we getting a low cost crop but were not substituting any food acres for industrial use.

EI: What other advantages does Carinata offer?

Carinata is particularly suited for growth on marginal lands where it will not compete with food crops.
© Calyx Bio-Ventures Inc.
Don: There are so many advantages that Carinata offers to farmers. It scales within the existing infrastructure so you don’t need any special equipment. It’s a non-food crop so the oil that comes out of it — with a long carbon chain — is specially tailored for industrial use. We’re not trying to grow a food crop and then have the surplus find its way into the industrial market. We are growing a specifically industrial product.

EI: How does Carinata serve double duty?

Don: The by-product, the co-product if you will, is animal feed. When its harvested, you take the seed off the field and it’s crushed in order to extract the oil. What’s left behind after the oil is extracted is these husks of the oil seeds. Those husks are ground up and fed to cattle as a 10% finished cattle feed. It’s a good source of soy-less high protein feed. Last year we sold the meal into feed lots in the U.S. We’re now working on getting the meal approved for sale in Canada and we expect to have approval any day now. We’re very excited about the prospects.

EI: Is Resonance® Carinata genetically modified?

Don: No, it’s a natural product, conventionally bred, not genetically modified in any way. We have the most advanced breeding program for this crop anywhere in the world and we’ve made tremendous advancement with conventional breeding which is the crossing of various Carinata lines. At the end of the growing season we track which plant lines did the best and which ones we should extract for certain traits. This is all non-GMO. We have been experimenting with a technology, a gene stacking technology, in the lab only, and there have been some very compelling results with that product; as a result of genetic modification the yields are significantly higher. But there is a lot of concern about that, and there are regulatory issues. But we have an immediately addressable market with a conventionally bred product and we’re just very happy to work within the non-GMO space right now.

EI: Where do you see the biofuel industry heading in the next decade or so?

Don: I think the biofuel industry is an exciting place to be. There have been some very significant IPOs, and there’s been a lot of capital that’s flowed into this area. The advanced biofuels is where we’re seeing some very exciting science and some very exciting feed stocks are starting to come to the fore. But I think there’s going to be a division, those concepts that are really science projects that don’t make it or that have further science to do, and those that move to center stage and become well developed parts of our everyday fabric. I don’t think it’s too much different from what we saw with all the excitement with the dot com industry and the whole move to doing things on-line. I think there is a lot of excitement and for sure it’s here to stay. But not everyone is going to make it and not all these programs are actually real or economical nor are they scientifically grounded.

EI: What needs to be done to further promote the use of biofuel?

Don: I think what we’re looking for — one of the greatest concerns — is usage mandated by the government, so we can get the industry up the curve. We can’t allow the burgeoning bio industry to be snuffed out just as it’s starting to walk. It’s just starting to get going, yet in the United States, the principal market in North America, the Renewable Fuel Standard is under huge pressure and the blender’s credits are all going away. These will hopefully be renewed, as they have in the previous policy initiatives over the last few years, because it’s very difficult and challenging to do business with uncertainty in the policy environment. I’m looking specifically for governments to hold the line on blending mandates. In Canada that’s the Low Carbon Fuel Standard and in the States it’s the Renewable Fuel Standard. I’m also looking for governments to start bringing forward mandates for alternative aviation fuels. This is an area that is of real importance to the advancement of alternate and high density biofuels for aviation.

EI: How long do you think it will be before the average traveler is flying on biofuel?

Don: I think its going to be sooner than a lot of people think. The airline industry has made a very significant commitment to reducing carbon and they have done so with an eye to an industry-owned solution. They’re saying, “Let us work this out. Let us come up with the best solution,” as opposed to having government step in and drive them to do something that they otherwise wouldn’t do. They want to see a made-in-aviation industry solution, which solves a whole host of problems for the aviation industry. I think within five years we’re going to start seeing bio aviation fuel blended into petroleum-derived fuels on a regular basis, more than just trial and public relations-style flights, but actually becoming part of what goes into the wings of aircraft. I am really excited about the fact that there are a couple of airlines showing movies about it when you buckle up your seat belts, right now in North America. And there’s a couple of airlines that have made a significant move toward biofuels as part of their future. So when you take that initiative, and then there’s some government mandate to reduce carbon and a push from government to keep everyone’s feet on the fire, then I think you’re going to see this thing really happen, probably faster than anyone thinks.

Calyx Bio-Ventures has recently strengthened its board with industry expertise and is in negotiations to add a downstream partner to its value chain. Add positive moves by industry and government and we should see Don’s prediction of commercial flights using biofuel sooner than we may think.

Oroco PDAC presentation

Newstrike expects flagship Mexico project to appear on buyers’ radar

Newstrike expects flagship Mexico project to appear on buyers’ radar
Newstrike CEO Richard Whittall says the company is exploring in one of the most significant gold districts in Mexico, which will likely prove up many more discoveries

By: Mariaan Webb
28th February 2014

The low-risk, high-grade Ana Paula gold exploration project in Mexico’s Guerrero gold belt, which precious metals explorer Newstrike Capital bought from Goldcorp about four years ago, could attract interest from several potential buyers.

Newstrike CEO Richard Whittall says the Ana Paula project is a “top quartile” gold project and offers compelling returns in any gold environment.

He believes mergers and acquisitions are likely to pick up by the second quarter of the year, as many gold producers could see a return to free cash flows, which will stir activity in the marketplace.

Last year, the company declared a maiden Canadian National Instrument 43-101- compliant resource for Ana Paula, which estimated the measured and indicated resource to contain 43-million tons of ore grading 1.63 g/t, resulting in about 2.26-million contained gold-equivalent ounces, which comprise 2.2-million ounces at 1.59 g/t of gold and 9.7-million ounces of contained silver at grades of 7 g/t of silver.

The inferred resource was estimated at 1.8-million tons of ore grading 0.89 g/t, containing a possible 60 000 gold- equivalent ounces, comprising 50 000 oz of gold grading 0.78 g/t and 1.1-million ounces of silver grading 18.7 g/t. The company used a cutoff grade of 0.45 g/t gold equivalent.

Newstrike intends to update Ana Paula’s resource statement in 2014 and it also plans to publish a preliminary economic assessment for the project. The Ana Paula project falls in the Aurea Norte project area, which stretches over 59 637 ha. Exploration results from a number of high priority drilling targets at Aurea Norte are expected this year.

Whittall believes Newstrike is exploring in one of the most significant gold districts in Mexico and that it will prove up many more discoveries. He is also upbeat about investment prospects in Mexico, despite the country having introduced new royalties on mining companies at the beginning of 2014.

“While no company benefits from an increase in corporate taxes, we think investors will continue to view Mexico as a powerhouse in the gold and silver business. The deterioration in the gold price, not the royalty tax, has been the primary cause of the significant weakness in exploration and production companies’ valuations. The introduction of the new royalty tax comes at a dreadful time in the industry, yet this sector has a long history of being resilient and innovative. Margins will recover through cost cutting and overall improvement in investor demand for precious metals,” he says.

Whittall is forecasting gold in the $1 300/oz to $1 400/oz range this year, which should improve the valuations of explorers and developers.

Last year, the falling gold price and significant competition from US equities weighed on exploration and development companies, with investor demand for stocks in the sector having fallen off a cliff.

“I suspect that in 2014, we will see a gradual return to the sector because of limited returns in US equities (non-materials) and significant margin improvement among producers because of cost-cutting measures over the last year,” he says.

Edited by: Creamer Media Reporter

Ready for commercial production!

Applied Research Associates: Biofuels Digest’s 2014 5-Minute Guide
Jim Lane | February 24, 2014

Company description:

Applied Research Associates (ARA) is an international research and engineering company recognized for providing technically excellent solutions to complex and challenging problems in the physical sciences. Our mission is to provide in-depth and diversified research, engineering, and technical support services. We have a broad range of technical expertise in defense technologies, civil engineering, computer software and simulation, systems analysis, environmental technologies, and blast testing and measurement.

Type of Technology

The Biofuels ISOCONVERSION Process utilizes patented Catalytic Hydrothermolysis (CH) reactor technology, developed by Applied Research Associates (ARA), which utilizes water as a catalyst to quickly and inexpensively convert plant oils into stable intermediate oil products which are very similar to petroleum crude oil. The intermediate oils are processed with hydrogen using CLG’s ISOCONVERSION catalysts to produce drop-in jet fuel and diesel. Unlike most other process technologies, the renewable fuels produced by this process are 100% replacements for petroleum-based jet and diesel fuel.”

ARA scientists developed the CH Process using high temperature water to create biocrude. A U.S. patent on the CH Process technology was granted to ARA in 2010.


The drop-in fuel was produced using AgrisomaResonance Energy Feedstock, a dedicated industrial oilseed that was launched at commercial scale in 2012 across a broad region of western Canada. Resonance Energy Feedstock produces a unique industrial oil ideally suited for biofuel manufacturing. Resonance is part of a new generation of sustainable and scalable biomass crops, specially developed to provide a non-food oil that represent a step change for the renewable fuels industry, breaking the reliance on food crops to supply feedstock for biofuel manufacturing.

Top Past Milestones

In September 2012, Applied Research Associates, Chevron Lummus Global, the National Research Council of Canada, the U.S. Air Force Research Laboratory and Agrisoma Biosciences, announced an agreement to CLG and ARA’s 100% drop-in ReadiJet Fuel. ARA and NRC will test the renewable jet fuel against ASTM and military specifications and evaluate the fuel in ground based engine tests, with the initiative culminating in a test flight with the NRC Falcon-20 twin engine jet. This flight will be the first time in the world a jet aircraft is powered by 100%, un-blended, renewable jet fuel that meets petroleum jet fuel specifications. The biofuel, ReadiJet, was produced by ARA, under contract to AFRL, from Agrisoma’s Resonance feedstock crop using CLG’s and ARA’s breakthrough Biofuel ISOCONVERSION process.

Future Milestones

Commercial deployment.

Business Model:


Competitive Edge(s):

CLG’s Co-Managing Director, Leon DeBruyn, commented on the ARA-CLG relationship. “With the combination of ARA’s CH Process and CLG’s Isoconversion process technology, we can now produce fungible distillate fuels that meet full ASTM quality requirements and can be blended into refiners’ distillate fuel pools without the density and blending quality issues associated with other biodiesel processes on the market,” he said.

To date, flights on biofuels have been restricted to a 50% blend with petroleum, imposing limitations on fuel use. Using Applied Research Associates’ proprietary catalytic hydrothermolysis process, oil from Resonance Energy Feedstock was converted into a fuel that represents a complete replacement for conventional jet fuel, enabling flight at 100% biofuel use, a breakthrough for the renewable fuels industry. This historic flight symbolizes a significant step not only for the aerospace industry, but also towards advancing sustainable sources of renewable energy.

“Today, I flew the world’s first 100 percent biofuel flight,’’ said Tim Leslie, NRC pilot. “We have been working hard with our partners for many months, and it is most rewarding to see it all come together. It is truly inspiring to take this step towards an eco-friendly future!’’

“This flight represents the culmination of a significant and strategic effort within Canada to demonstrate leadership ingreen aviation, from the commercialization of a sustainable and scalable feedstock crop to an “at altitude” flight demonstration with real-time emissions monitoring during the flight. Agrisoma is proud to be a part of this landmark work,” said Steven Fabijanski, President and CEO of Agrisoma, who was present on the tarmac. “To date, all powered flight has relied on fossil fuel. This flight changes everything: we have witnessed petroleum free aviation.”

Distribution, Research, Marketing or Production Partnerships or Alliances.

In May 2012, ARA announced that Chevron Lummus Global has joined the ReadiJet Alternative Fuel Initiative to develop drop-in biofuels for jet and diesel engines, eliminating the need for blending with petroleum. The joint development effort combines ARA’s CH PROCESS technology with Chevron Lummus Global’s ISOCONVERSION process technology. Commercial samples of ReadiJet™ fuel are currently being produced in anticipation of a number of key upcoming activities including ground engine testing at OEM facilities, a test flight planned for June 2012 and generation of fit-for-purpose data necessary for ASTM certification.

In August 2012, Aemetis announced a license agreement with Chevron Lummus Global for the inexpensive, rapid production of renewable jet and diesel fuel by the conversion of existing biofuels and petroleum refineries. The license agreement grants Aemetis Advanced Fuels Inc., a wholly-owned subsidiary of Aemetis, the use of the Biofuels ISOCONVERSION Process for the production of 100% drop-in renewable jet fuel and diesel in Aemetis biorefineries throughout North America. The license agreement grants Aemetis Advanced Fuels Inc., a wholly-owned subsidiary of Aemetis, the use of the Biofuels ISOCONVERSION Process for the production of 100% drop-in renewable jet fuel and diesel in Aemetis biorefineries throughout North America.

In January 2013, Applied Research Associates and Blue Sun Energy announced a partnership to build a biofuels isoconversion process demonstration system to produce drop-in renewable jet fuel, diesel, and gasoline. The demonstration facility is scheduled to break ground in St. Joseph, Mo, in Q1 of 2013 and will be operational by Q3 of 2013.


Demonstration, ready for commercial.



John Plaza has agreed to join Calyx Bio-Ventures Inc.’s investee Agrisoma’s board of directors as Calyx nominee effective Jan. 20, 2014. Mr. Plaza brings extensive biorefinery and executive leadership experience to Agrisoma.

Mr. Plaza is president, chief executive officer and founder of Imperium Renewables in Seattle. Mr. Plaza started the company in February, 2004, by building the first commercial-scale biodiesel production facility in the western United States. By 2007, Imperium developed, built and now currently operates Imperium Grays Harbor, one of the largest biodiesel production facilities in the world at 100 million gallons per year. The company’s core focus was to develop and build advanced technology for biofuel production that differentiated itself in the market with fuel quality and scale. This innovative direction, which was led by Mr. Plaza, facilitated Imperium’s significant growth. Most recently, Imperium has been focused on renewable jet fuel production platforms. These include building commercial-scale facilities to produce renewable jet fuel, as well as research and development of future production pathways for renewable jet fuel from biomass sources. Prior to founding Imperium Renewables, Mr. Plaza was a commercial airline pilot for 20 years. Mr. Plaza has flown over 17,000 hours in more that 50 different aircraft, starting his career as a bush pilot in northern Alaska, then going on to fly B747, DC-10 and A-320 aircraft for Northwest Airlines. Mr. Plaza has acted as an adviser to the Clinton Global Initiative Americas, 2012 Clean Fuel and Transportation, and is a contributor to the Sustainable Alternative Fuels for Aviation Expert Group (SUSTAF) created by ICAO. He has been named one of the top-100 people in bioenergy the last three years.

“I am excited to be a part of the team for this innovative company and greatly support their efforts to assist with the diversification of agricultural products for farmers throughout the world. The vision and opportunities for the supply of a non-food oilseed crop like carinata is of critical importance for the future of renewable fuels. Biofuels produced from carinata provide an important option to meeting the rapid growth in energy demand, while effectively balancing social and environmental needs,” said Mr. Plaza.

“We are delighted to have John sit as a Calyx nominee on the Agrisoma board. John is a well-connected, big-vision guy with industry-leading bioenergy knowledge and the track record to back it up. His experience in both aviation and biorefining are vital in the commercialization of carinata,” commented Don Konantz, chief executive officer of Calyx.

Newstrike to update resource by February

By: Henry Lazenby
24th January 2014
TORONTO ( – Following a tumultuous period of volatile commodity price declines that caused many miners to cut costs, shutter operations and halt projects, those actions are expected to result in significant free cash flows when companies report their first-quarter results of 2014, which could, in turn spark a period of vigorous mergers and acquisitions activity, Newstrike CEO Richard Whittall said.

As a flicker of life is potentially starting to shine in the minerals and mining sector, he told Mining weekly Online on the sidelines of the 2014 Vancouver Resource and Investment Conference that there were visible signs that the markets were starting to recover.

“Money always goes to where there is a rate of return. Last year, everybody in the sector were cutting costs, delaying schemes, closing projects etcetera owing to the falling gold price, however the other markets and international markets – except the emerging markets – were doing very well.

“Free cash flow is about to recover. I am expecting some amazing free cash flows reports during the first quarter from the majors. They are going to use the money to buy smaller companies, kicking off a ‘M&A season’, which was indeed already started by Goldcorp’s C$2.6-billion offer for Osisko Mining,” he said.

Whittal believes the gold market could stabilise this year as a lot of production is cut back, which in turn, would provide added support for the price, on top of continued strong demand. He sees the price potentially touching $1 300/oz to $1 400/oz later in the year.

“People want to buy stocks in companies that have done what was necessary to expand margins, and that would produce free cash flow. I expect to see tremendous activity, but not extreme values,” he predicted.

Further, he noted that there had in recent times not been many new ‘Ana Paula’s’ being developed, referring to Newstrike’s flagship gold exploration project in Mexico’s Guerrero gold belt, which it bought from Goldcorp about four years ago. He said the project could attract the interest from several potential buyers.

“That is why we are racing to complete our preliminary economic assessment (PEA) by the second quarter to further de-risk the project. The PEA-level metallurgy is already complete, allowing us to know what kind of mill we should get. It’s a big milestone behind us,” he said.

In a wide-ranging interview, Whittal also said that the new tax regime in Mexico was of lesser consequence than the impact of lower commodity prices. “Last year the corporate tax rate was 30%. This year, if you enter into no additional deals, it would be 35.25%. With the additional taxes, our tax rate went up by 5.25%,” he said.


Since May, and all through 2013, Newstrike was busy undertaking about 36 000 m of infill drilling on the project. The latest work covered a transition from the initial 100 holes, which formed the basis of the project’s 2.2-million ounce maiden resource, including the global resource of about 5.4-million gold-equivalent ounces.

Ana Paula consists of a high-grade core that outcrops, surrounded by a large continuous halo of lower-grade ore. The deposit measures 350 m from surface to bottom. “If we can determine that the deposit extends and is open at depth, we can design the pit larger. But the kicker is, we would be dropping the pit into an extremely high-grade zone,” Whittal said.

Any prospective buyers might have questions about the mineral continuity of the project’s high-grade core zone. Because the high-grade deposit is structurally controlled, but irregularly shaped, it would be a focal point for prospective partners or suitors, which were the main reason behind the most recent the infill-drilling campaign.

He explained that in a low-price environment, project resources tend to shrink, mentioning Goldcorp’s recent announcement of a reduction in Peñasquito’s expected mine life from 19 years to 13 years, owing to a lower-price environment.

The company also undertook a deep-hole programme through the summer to September, in an effort to further improve the all-important mineral competence of Ana Paula.

Last year, the company declared a maiden Canadian National Instrument 43-101-compliant resource for Ana Paula, which estimated the measured and indicated resource to contain 43-million tons of ore grading 1.63 g/t, resulting in about 2.26-million contained gold-equivalent ounces, which comprise 2.2-million ounces at 1.59 g/t of gold and 9.7-million ounces of contained silver at grades of 7 g/t of silver.

The inferred resource was estimated at 1.8-million tons of ore grading 0.89 g/t, containing a possible 60 000 gold-equivalent ounces, comprising 50 000 oz of gold grading 0.78 g/t and 1.1-million ounces of silver grading 18.7 g/t. The company used a cutoff grade of 0.45 g/t gold equivalent.

Newstrike plans plan to update the resource by February.

Former President of Monsanto Canada Joins Calyx Board!

Former President of Monsanto Canada Joins Calyx Board

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Jan. 23, 2014) – Calyx Bio-Ventures Inc. (TSX VENTURE:CYX) (“Calyx” or the “Company”) is pleased to announce that Derek Penner has joined the Company’s board of directors effective January 22, 2014. Mr. Penner brings extensive global agriculture commercialization, potential partnership relationships and executive leadership experience to Calyx, having previously served as President of Monsanto Canada.

Derek Penner is a world-class executive with national and international experience in agriculture. He is a highly motivated professional who has successfully led many functions within a leading global agricultural biotechnology corporation and a rapidly expanding entrepreneurial organization. As president of Monsanto Canada Mr. Penner grew sales and profits by 30%, significantly contributing to overall corporate wide profitability, revenue and cash flow growth. Mr. Penner developed and rolled out a vision and strategy for Monsanto Canada along with a restructuring plan to guide the business into new jurisdictions. Prior to his role as president, Mr. Penner held positions of chief financial officer of Monsanto Canada and Director of Product Management, Strategy and Licensing for Monsanto International. During his time with Monsanto, he was engaged in and led a variety of business and strategic initiatives in Europe, Middle East, Africa and Canada including: restructuring Monsanto’s business model which included decentralization of product management and marketing functions; divesture of product lines and production facilities; acquisitions; and the development of market strategies for new markets in Eastern Europe and East Africa.

“It is with great excitement that I join as a member of Calyx Bio-Venture’s Board of Directors. The development of the proprietary crop “Carinata” is an innovation in agriculture research that will benefit farmers and the agricultural industry while bringing an alternative fuel to market that will reduce carbon emissions. It is not often there is an industry game changer that can benefit all along the value chain from the grower to the end user of the biofuel. Calyx is a company that realizes the importance of reaching new heights and I look forward to being part of the team that brings a green and sustainable fuel to the world” commented Derek.

“We are delighted to have Derek join the Calyx board. Having previously served as President of Monsanto Canada Derek gained unparalleled agriculture and biotechnology experience. He is an effective leader who has monetized opportunities and executed efficiently. His experience is vital in the commercialization of Carinata in Western Canada and the northern United States” commented Don Konantz, chief executive officer of Calyx.”

Additionally, the company announces the resignation of Richard Whittall from the board of directors. The Board thanks Richard for his ongoing contributions.

About Calyx

Calyx Bio-Ventures Inc. (TSX VENTURE:CYX) is an agricultural technology company focused on renewable fuels including biojet and biodiesel. Calyx is the largest shareholder of Agrisoma Biosciences Inc., a company which is producing a new proprietary non-food energy feedstock crop – carinata – which yields oil that can be refined into fuels that work in existing engines as a 100 percent petroleum substitute. From seed to sky, fuels produced from carinata substantially reduce carbon and other harmful emissions, and help to reduce global petroleum dependence. Carinata was used to fly the world’s first 100% biojet flight, as achievement that Popular Science called one of the top science events on the planet in 2012. For further information about Calyx, please visit For more information on Agrisoma, please visit

Forward-Looking Statements: This document contains certain forward-looking statements concerning Calyx, as well as other expectations, plans, goals, objectives, information or statements about future events, conditions, or performance that may constitute “forward-looking statements” or “forward-looking information” under applicable securities legislation. Such statements or information involve substantial known and unknown risks and uncertainties, certain of which are beyond Calyx’s control.

Such forward-looking statements or information are based on a number of assumptions, which may prove to be incorrect.

Although Calyx believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements because Calyx can give no assurance that such expectations will prove to be correct. Forward-looking statements or information are based on current expectations, estimates and projections that involve a number of risks and uncertainties which could cause actual results to differ materially from those anticipated by Calyx and described in the forward-looking statements or information.

The forward-looking statements or information contained in this news release are made as of the date hereof and Calyx 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 or the TSX Venture Exchange. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.

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.

Calyx Bio-Ventures Inc.

Don Konantz

President & CEO


Investor Relations:

Calyx Bio-Ventures Inc.

Keir Reynolds


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