Newstrike Neighbor Bought for 3.79/share

could NES be next?.. the CYD bid puts a bottom on any bid we will accept.. CYD has no booked ounces.. we expect much higher for NES

Agnico Eagle to acquire Cayden for $205-million
Ticker Symbol: C:AEM C:CYD

Agnico Eagle to acquire Cayden for $205-million

Agnico Eagle Mines Ltd (C:AEM)
Shares Issued 209,816,247
Last Close 9/5/2014 $37.94
Monday September 08 2014 – News Release

Also Cayden Resources Inc (C:CYD) News Release

Mr. Sean Boyd of Agnico Eagle reports

AGNICO EAGLE TO ACQUIRE CAYDEN RESOURCES

Agnico Eagle Mines Ltd. and Cayden Resources Inc. have entered into an agreement pursuant to which Agnico Eagle will acquire 100 per cent of Cayden’s issued and outstanding common shares, including shares issuable under outstanding options and warrants, under a plan of arrangement, for total consideration of approximately $205-million, or approximately $3.79 per share (based on Agnico Eagle’s volume-weighted average price of shares on the Toronto Stock Exchange for the 30-day period ended Sept. 5, 2014). Under the Arrangement, Cayden shareholders will be entitled to receive 0.09 of an Agnico Eagle share and C$0.01 for each Cayden common share. The offer represents a premium of 42.5% to the volume weighted average price of Cayden shares on the TSX Venture Exchange for the 30-day period and an 51.9% premium to the 60-day period, both ended September 5, 2014 (the last trading day prior to announcement of the transaction).

All of the directors and officers of Cayden (who hold in the aggregate approximately 19.8% of the issued and outstanding Cayden shares on a fully-diluted basis) have entered into support agreements with Agnico Eagle pursuant to which they have agreed, among other things, to support the transaction and vote their Cayden securities in favour of the Arrangement.

The maximum number of shares issuable by Agnico Eagle under the offer will be approximately 4.86 million (based on the number of Cayden shares outstanding on September 8, 2014 on a fully-diluted basis), or approximately 2.3% of Agnico Eagle’s outstanding shares (on a fully diluted basis).

Cayden owns, has options to acquire or has staked, concessions constituting a 100% interest in the El Barqueňo Property, which covers approximately 41,000 hectares in the Guachinango gold district in Jalisco State, Mexico. El Barqueňo hosts a significant epithermal bonanza type gold vein and disseminated stockwork system. Several gold bearing zones have been identified by drilling and trenching in an area approximately 13.5 km long by 4.7 km wide.

Cayden also owns a 100% interest in the Morelos Sur Property, which covers approximately 13,000 hectares in the Guerrero gold belt in Guerrero State, Mexico. Morelos Sur consists of three properties (La Magnetita, Tenantla and Las Calles), and exploration by Cayden has outlined a 25 km2 gold soil anomaly at La Magnetita, and Tenantla.

“This acquisition is consistent with our long-term strategy of acquiring promising, early stage gold projects where we can add value through focused exploration and mine building”, said Sean Boyd, President and Chief Executive Officer of Agnico Eagle. “This strategy has served us well in Mexico, and we believe that the Cayden properties are a very good fit with our existing southern operations and skill sets”, added Mr. Boyd.

“We are pleased with the value that this transaction delivers to our shareholders and are excited at the prospect of Agnico applying its resources to the advancement of El Barqueno and the results that will surely follow. Our success could not have happened without the hard work of our entire team, and I’d like to thank them for all of their outstanding efforts.” said Ivan Bebek, President and Chief Executive Officer of Cayden Resources.

El Barqueňo Property Highlights

Located in the Guachinango gold district near existing infrastructure (highway, power, labour)
Early stage gold project with historical heap leach production (approximately 250,000 ounces produced in the 1980s)
Epithermal bonanza type gold veins and disseminated stockwork systems – veins and mineralized structures have been identified in an area 13.5 km long by 4.7 km wide. Seven significant zones anomalous in gold have been identified to date
Drilling by Cayden has focused on the Azteca, Angostura and Peňa de Oro zones
Highlights from Cayden drilling at the Azteca zone include: 4.26 grams per tonne (g/t) gold and 0.06% copper over 20 metres; 2.34 g/t gold and 0.15% copper over 44 metres
Highlights from Cayden drilling at Peňa de Oro include: 4.46 (g/t) gold and 0.09% copper over 27 metres; 4.06 g/t gold and 0.39% copper over 45 metres
Preliminary metallurgical testing by Cayden at Azteca has yielded positive results
Morelos Sur Property Highlights

Consists of three concessions (La Magnetita, Tenantla and Las Calles) located in the Guerrero gold belt
The La Magnetita and Tenantla concessions together host a 25 km2 gold soil anomaly with values of 0.1 to 1.0 g/t gold
The Las Calles concession has yielded drill intersections of up to 3.21 g/t gold and 84 g/t silver over 28.5 metres
For additional details on El Barqueňo and Morelos Sur please see the slide presentation entitled “Acquisition of Cayden Resources” dated September 8, 2014, on the Agnico Eagle website (www.agnicoeagle.com).

“From a technical perspective, El Barqueňo bears a lot of similarities to Pinos Altos in the early days” said Tim Haldane Senior Vice-President Operations – USA and Latin America. “The property has tremendous exploration upside and several prospective zones that we believe can ultimately support heap leach and/or milling operations, which would allow us to build another meaningful business in Mexico” added Mr. Haldane.

The transaction is subject to approval by Cayden security holders, Mexican anti-trust and other regulatory approvals and court approval. Full details of the transaction will be set out in Cayden’s information circular that it will prepare in respect of the meeting of security holders to approve the Arrangement. Cayden intends to mail the information circular within the next three weeks. The transaction is expected to close before the end of 2014.

Pursuant to the Agreement, Cayden is subject to customary non-solicitation covenants. In the event a superior proposal is made to Cayden, Agnico Eagle has a five business day right to match such proposal. Under certain circumstances where the transaction is not completed, Cayden has agreed to pay a termination fee of C$5.7 million to Agnico Eagle.

Cayden’s board of directors has unanimously determined that the Agreement is in the best interests of Cayden and its security holders and unanimously recommends that Cayden security holders vote in favour of the Agreement.

The recommendation of the Cayden board is supported by a fairness opinion provided by Beacon Securities Limited to the Special Committee to the effect that the consideration is fair to Cayden shareholders. Cayden has engaged Minvisory Corp. as its financial advisor and McMillan LLP as its legal advisor in connection with the transaction. Agnico Eagle has engaged Canaccord Genuity Corp. as its financial advisor and Davies Ward Phillips & Vineberg LLP as its legal advisor in connection with the transaction.

Copies of the Agreement, support agreements, management information circular and certain related documents will be filed with securities regulators and will be available on SEDAR at www.sedar.com.

Calyx, ripe for a run!

CALYX BIO-VENTURES (TSX:V.CYX, Stock Forum): Calyx is now full bore gunning at the tech end of the medical marijuana game, and might have found the fertile ground it needs to thrive. Calyx has acquired Cannigistics Agri-Solutions which, long story short, is one of a handful of companies trying to own the cannabis software solutions game. Cannagistics has a plan to work with government to make their platform the tracking/compliance/grow scheduling/inventory software of choice for the US and Canada, and they have serial tech-entrepreneur Roger Forde and IR gorilla Keir Reynolds on board to make it happen. Early looks are niiiiiice. The market cap is ultra-small and the share structure tight. Ripe for a run if it can hit the ground running.

Newstrike Capital Inc. files report, outlines successful exploration program in Oaxaca

NEWSTRIKE CAPITAL COMPLETES TECHNICAL REPORT ON THE NEWLY DISCOVERED GOLD AND SILVER SYSTEM, EJUTLA PROJECT, OAXACA

Newstrike Capital Inc. has completed an independent NI 43-101 technical report that outlines the results of a successful exploration program on its Ejutla property located in Oaxaca state, Mexico (see June 2, 2014, news release). Three significant mineralized structural corridors, each host to extensive gold- and silver-bearing low-sulphidation epithermal veins, have been identified on the property.

The technical report titled, “Geological report and summary of field examination, Ejutla property, municipalities of San Pedro Taviche and San Nicolas Yaxe, district of Ocotlan, and municipalities of Santa Maria Zoquitlan and San Pedro Totolapan, district of Tlacolula, Oaxaca state, Mexico,” with an effective date of July 1, 2014, will be filed on SEDAR today. The report was completed by Robert Lunceford, MSc, CPG, of Reno, Nev., who concludes: “Geochemical sampling and geologic mapping completed on the property has indicated a style of low-sulphidation gold-silver mineralization that is believed to be similar to gold-silver mineralization in the central Taviche mining district, in which the property is located. Work completed by the company on the Ejutla property has been successful in advancing the property to a stage where drill testing is warranted and necessary to determine the economic viability of the property.”

The 18,866-hectare Ejutla property is 100 per cent owned by Newstrike with no third party royalties. It is located 45 kilometres south of the capital city of Oaxaca de Juarez in the Oaxaca Central Valley region of Fortuna Silver’s producing San Jose-Trinidad mine 20 kilometres to the west of Ejutla, and Gold Resources’ El Aguila mine 25 km to the east, as well as several other Canadian exploration projects.

The report includes recommendations for additional exploration and drilling. The company will evaluate the recommendations in the report to select the targets and scope of work for future-focused exploration programs.

“I’m extremely pleased with the progress being made on site and Ejutla’s potential upside. Given the geology, mineralization, size and location, the property is shaping up to be an attractive gold-silver exploration opportunity,” stated Richard Whittall, president and chief executive officer of Newstrike.

Calyx Enters Into Letter of Intent to Acquire Cannigistics Agri-Solutions Corp

Calyx Enters Into Letter of Intent to Acquire Cannigistics Agri-Solutions Corp.

VANCOUVER, BRITISH COLUMBIA, Jul 24, 2014 (Marketwired via COMTEX) — Calyx Bio-Ventures Inc. CA:CYX +100.00% (“Calyx”) is pleased to announce that is has entered into a letter of intent to acquire Cannigistics Agri-Solutions Corp. (“Cannigistics”), 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.

“With Calyx’s extensive background in biosciences and agriculture innovation, it is the ideal company for us to be part of as we launch a scalable enterprise solution for indoor agriculture, specifically targeting the medical marijuana industry” said Roger Forde, President and CEO of Cannigistics. “Our proprietary, easy-to-use product offering will allow growers to obtain the metrics they require to maximize profits and streamline compliance. 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 9,000,000 common shares of Calyx. The acquisition remains subject to the fulfillment of certain conditions, including the execution of definitive agreements and the approval of the TSX Venture Exchange.

About Calyx

Calyx Bio-Ventures Inc. CA:CYX +100.00% is an agricultural technology company focused on early stage agriculture ventures. Calyx owns a portfolio of proprietary intellectual property with applications in crop enhancement. In addition to Calyx’s shareholding in Agrisoma Biosciences Inc., a company which is producing a non-food energy feedstock crop for biofuel production, Calyx is pursuing other agri-pharmaceutical and agri-tech opportunities, including opportunities in the MMPR (Marijuana for Medical Purposes Regulations) space. For further information about Calyx, please visit www.calyxbio.com .

About Cannigistics

Cannigistics is presently developing a sophisticated, versatile, and flexible enterprise software platform tailored to advanced indoor agriculture, and specifically the medical marijuana industry. The company is positioning to be the industry leader in agri-software solutions and is designing an efficient application framework that can help growers and agri-facility managers optimize operational efficiency, regulatory compliance, and production results. For further information about Cannigistics, please visit www.cannigisticscorp.com .

Contacts:
Calyx Bio-Ventures
Don Konantz
President & CEO
(604) 649-5961
dkonantz@calyxbio.com
www.calyxbio.com

Cannigistics Agri-Solutions
Roger Forde
President & CEO
(778) 331-5156
rforde@cannigisticscorp.com
www.cannigisticscorp.com

Column leaching adds new dimension to Newstrike’s Ana Paula flagship

i dont think the market has yet realized the potential magnitude of this news!

CEO Richard Whittal at Ana Paula, Mexico.
Photo: Newstrike Capital

By: Henry Lazenby
26th June 2014
Updated 1 hour 28 minutes ago
TEXT SIZE
TORONTO (miningweekly.com) – Mexico-focused Newstrike Capital on Thursday revealed that a column leach metallurgical result from a composite sample supported heap leach extraction potential within the low-grade breccia zone at its flagship Ana Paula gold project, located in Guerrero state, Mexico.

Despite the project’s sulphide or in general not being amenable to heap leaching, tests conducted by Tucson, Arizona-based consulting engineers SGS Metcon/KD Engineering confirmed that significant gold recoveries at 84.1% was obtained from a representative composite sample from two drillholes, AP-11-36 and AP-13-213 selected from within the project’s maiden resource floating cone pit.

The sample was chosen to test the leaching ability of the low-grade breccia zone, a predominantly intrusive unit located in the south-west portion of the floating cone pit and separate from the high-grade breccia zone.

Composite 4 was taken from a sample of altered intrusion that had not yet been fully delineated by drilling, and displayed a level of oxidation greater than compared with most of the Ana Paula deposit.

The sample was prepared from 56.28 m of drill core, weighing about 88 kg when submitted for metallurgical testing.

Newstrike CEO Richard Whittall said that while the company’s 2013 metallurgical testing programme had confirmed a conventional, low-risk approach at Ana Paula, with strong gold recoveries, this specific column leach result added an “extremely encouraging new dimension to the project”.

“Heap leaching has the potential to lower processing costs and provide an additional source of revenue through the recovery of gold from our mineralised waste. We plan to investigate the size and scope of this opportunity within Ana Paula’s floating cone pit and the potential for a reduction in the strip ratio and expansion of the conceptual pit.

“Combined with last year’s testing, this new metallurgical result will provide valuable input to the preliminary economic assessment currently in progress as well as for future studies,” Whittal said.

The test work concluded that most of the gold was extracted in the first ten days of being placed on the pad and that the maximum extraction achieved was 84.1% on Composite 4.

Newstrike also said that the test work indicated a low sodium cyanide consumption rate at 0.19 kg/t and moderate lime consumption at 3.62 kg/t. Good gold and silver extraction correlations were observed between the results from the bottle-roll testing and the column-leach testing. Further Bond Impact Crusher Work Index and Bond Abrasion Index studies would be conducted on Composite 4.

The news pushed Newstrike’s TSX-V-listed stock up by a penny to C$0.85 apiece on Thursday.

Edited by: Creamer Media Reporter

NEWSTRIKE CAPITAL DISCOVERS NEW GOLD SILVER MINERALIZATION AT OAXACA PROJECT

Newstrike Capital finds three Au-Ag corridors at Ejutla
Ticker Symbol: C:NES

Newstrike Capital finds three Au-Ag corridors at Ejutla

Newstrike Capital Inc (C:NES)
Shares Issued 114,931,458
Last Close 6/2/2014 $0.68
Monday June 02 2014 – News Release

Mr. Richard Whittall reports

Newstrike Capital Inc. (NES) has released the results of a successful exploration program on its Ejutla property in Oaxaca state, Mexico. Three significant mineralized structural corridors, each host to extensive gold and silver bearing low sulphidation epithermal veins, have been identified.

“Our exploration efforts at Ejutla confirm a target-rich environment and results underpin the exciting potential for substantial extensions to known mineralized systems,” commented Richard Whittall, President and CEO of Newstrike. “The Ejutla Property is located within the Taviche Mining District, an area already well known for its significant gold and silver production.”

Ejutla comprises the 18,866 hectare Ejutla Fracc. 2 claim block, 100% owned by Newstrike with no royalties and located 45 kilometers south of the capital city of Oaxaca de Juarez. The Property is in the region of Fortuna Silver’s producing San Jose-Trinidad mine 20 kilometres to the west of Ejutla and Gold Resources’ El Aguila mine 25 kilometres to the east, as well as several other Canadian exploration projects. The Company is completing a NI 43-101 compliant technical report on the Property that will include recommendations for drilling. The Report will be completed shortly.

Highlights from surface outcrop chip and channel samples include:

Sample Location X_W84 Y_W84 Type Width m Au_g/t Ag_g/t

19736 Bilia vein 770295 1841630 Channel 0.605 762
49628 El Venado 768595 1844128 Chip 0.2 0.188 723
dike
59092 Mina del 768620 1844085 Channel 0.6 0.412 701
Horno
29055 Las Jarillas 770080 1843708 Chip 5.0 0.013 664
29004 Mina Las 770299 1844014 Channel 1.2 0.297 362
Jarillas
49294 El Pedregal 770296 1842192 Channel 0.5 0.488 350
19514 Los Charros 769802 1844304 Chip-channel 1.0 0.882 293
108435 Mina el Horno 768635 1844096 Channel 0.3 0.067 291
19731 Bilia 770319 1841623 Channel 1.6 0.094 221
29685 La Mezcalera 770315 1841624 Dump 2.0 0.272 200
39714 Duraznillo 778473 1841576 Channel 0.2 0.190 89.2
39466 Beinillo 770129 1842818 Channel 1.8 1.260 14.0
59140 Beinillo 770088 1842842 Channel 0.5 1.210 1.7
59142 Beinillo 770113 1842831 Channel 0.5 0.753 2.5
59144 Beinillo 770127 1842820 Channel 1.1 1.000 34.7
The three structural corridors discovered on the Property during mapping and sampling programs consist of a series of northwest trending fracture zones that display important northerly and north-easterly trending splays, each filled by mineralized felsic dikes and/or by complex sub-parallel mineralized low sulphidation banded epithermal quartz and quartz-calcite veins and vein systems typical of structures in the surrounding Taviche Mining District. Individual veins vary in thickness from a few centimetres to as much as ten metres and are separated by a host wallrock that displays extensive argillic alteration and silicification.

One of the structural corridors, “Las Casas”, located in the western half of the Property, has been explored most extensively to date and mapped in detail over an eight kilometre strike length with outcrop evidence suggesting it exceeds ten kilometres along strike and is as much as three kilometres in width. Vein textures and geochemistry are typical of those encountered in the boiling zones of epithermal systems or just above the boiling zone, indicating the higher parts of the mineralized system are exposed at surface.

This location is an ideal scenario for the preservation of potential metal lodes at depth. Mapping is ongoing to advance the other two structural corridors both of which exceed several kilometres along strike and vary from one to two kilometres in width.

The Company will evaluate the recommendations in the Report in order to select the targets and scope of work for future focused exploration programs.

QA-QC:

Newstrike maintains strict QA-QC protocols for all aspects of their exploration programs that include the systematic insertion of blanks and standards into each sample batch. ALS Chemex performed assay analyses reported in this release. All samples are assayed using the laboratory’s certified and industry standard assay techniques for gold and multi-element packages and for over limits; gold (Au) was analyzed by 50 gram fire assay with an atomic absorption finish, and other elements were analyzed by multi-element ICP. Silver assays over 100 g/t were reanalyzed by ICP methods for overlimits.

Ken Thorsen, a director of the company and 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.

We seek Safe Harbor.

© 2014 Canjex Publishing Ltd.

Newstrike Capital Appoints New Director Mr. Mark D. Backens

Newstrike Capital Appoints New

May 20th, 2014 – Newstrike Capital Inc. (TSXV: NES) (“Newstrike” or the “Company”) is pleased to announce the appointment of Mr. Mark D. Backens to its Board of Directors. Mark Backens has over 30 years of global mining experience including most recently as Director of Investment Banking – Mining for Scotia Capital. For most of his career, Mr. Backens had senior management roles with Meridian Gold, Placer Dome and Goldcorp in the areas of engineering, mine construction, mine management and corporate development. Mr. Backens holds a Bachelor of Science in Geological Engineering from South Dakota School of Mines and is a Professional Geologist.

“I am pleased to welcome Mark to Newstrike’s Board of Directors,” stated Mr. Richard Whittall, CEO of Newstrike. “Mark’s knowledge of and background in the mining industry is very complimentary to Newstrike’s growth strategy and we look forward to his contribution to our development plans at the Ana Paula project.”

In connection with his appointment, Mr. Backens has been granted 350,000 stock options in the Company. Each stock option is exercisable into one common share of the Company at a price of $0.86 per share for a period of seven years from this date of grant. The options will vest as to 20% on the date of grant and 20% every six months thereafter. The grant is subject to regulatory approval.

About Newstrike (TSXV: NES)

Newstrike Capital Inc., www.newstrikecapital.com, is a gold-silver focused explorer, targeting known and historic mining districts in Mexico. 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.
For further information, please contact:

Richard Whittall
Director, President & CEO
Phone: 604-605-4654
Website: www.newstrikecapital.com
Blog: http://newstrikecapital.com/blog

or

Patrick Piette
Investor Relations
416-526-9911
ppiette@minera.ca

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 www.calyxbio.com.

CYX to enter Marijuana for Medical Purposes Regulations market

CALYX ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

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.

  • calyxlogo.jpeg
  • RSS caliche’s RSS Feed

  • Stockhouse Feed

  • Share |
  • nesnewlogo.jpg
  • September 2014
    M T W T F S S
    « Aug    
    1234567
    891011121314
    15161718192021
    22232425262728
    2930