crookedneck
8 년 전
$RCCMF DD to make you a FORTUNE!
Great summary of why this stock is ready to explode in both the short & long term: http://technologymarketwatch.com/nip.htm
March 14th, 2017
Nippon updates progress in Arizona
Brossard, Quebec, March 14th, 2017 Nippon Dragon Resources Inc. (the "Company" or "Nippon") (TSX-V Symbol: NIP / US Symbol: RCCMF) is pleased to announce that the commissioning phase has begun of its 75 tonne per day treatment plant in Arizona. To date, all the equipment has been checked, adjusted and/or replaced. Currently, we estimate that we generate more concentrate per tonne milled than our laboratory studies, which is positive. The goal is to achieve a recovery rate of 90%. Nippon’s management and its customer Horseshoe llc are satisfied with the work carried out to date and are confident that the plant will be well managed by the team in charge, a total of approximately 250 tonnes of ore will be used to complete the commissioning phase which should be completed by the end of March.
"The plant's 75 tonne per day capacity with thermal ore is equivalent to between 300 and 375 tonnes of conventional ore. The extraction accuracy reduces the dilution to a minimum and thus increases the plant's actual capacity by a factor of 4 to 5 times, "said Donald Brisebois, President and CEO of Nippon
Additionally, Nippon and its customer have decided to mobilize a second thermal unit and drill to increase the tons produced. The decision was made following the discovery of another mineralized structure identified close to one that is currently being fragmented.
The UMCO 75 F is the fruit of many years of research and development, this concept is a viable solution for small scale mining.
With the thermal fragmentation mining method developed by Nippon Dragon Inc., gold is extracted directly and solely from within the vein. The size of the feed ore could range from 0 – 3 inches (0 – 75mm) then ground to obtain a granulometry of 80% passing 200 mesh that will supply a series of flotation cells and a gravimetric concentrator in order to obtain a high-grade gold ore concentrate that will then be refined by a specialised company. This technology is supported by an understanding of the metallurgy of the ore which allows for constant control and sequential analysis of the different parameters of the process. A truly new innovation in the mining industry, this new concept has many advantages: easy to install, fully automated, mobile and especially profitable.
Please follow the link below to view a complete overview of our treatment plant. https://youtu.be/kyN70LbdXcQ
About Nippon
Nippon is active in the exploration and the development of gold resources in Quebec. The Corporation holds a gold property with resources recognised in accordance with NI43-101, a modular treatment plant and also an exclusive license for the Thermal Fragmentation mining method.
The company’s growth strategy is based on:
• The development of its gold deposits with the objective of producing revenue from its operations;
• Increasing the value of its mining assets by prioritizing the exploration targets; and
• The commercialisation and employment of its thermal fragmentation technology.
For additional information:
John Stella, Investor relations (514) 718-7976 jstella@nippondragon.com
Donald Brisebois, President & CEO (450) 510-4442 dbrisebois@nippondragon.com
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March 8, 2017
Nippon Dragon Resources powerful burner able to extract gold veins up to 30 m deep in any direction
http://www.einnews.com/pr_news/370025103/nippon-dragon-resources-powerful-burner-able-to-extract-gold-veins-up-to-30-m-deep-in-any-direction
Burner able to extract up to 30 m in any direction, and image of pilot hole to 1x1m (typically takes ~8 minutes).
Spalling/crushing of rock to 0 to 13 mm, More efficient & less expensive
Initial near-term (12-month) NIP.V share price target of 40 cents, disruptive technology presents options to fully recover resources in any operating mine.
Nippon Dragon Resources Inc. (TSX-V: NIP)(OTCQB:RCCMF)(Frankfurt: D5O)
MarketWatch JournalNEW YORK, NY, UNITED STATES, March 8, 2017 /EINPresswire.com/ -- Technology MarketWatch Journal is responsible for the content of this release.
Nippon Dragon Resources Inc. (OTCQB: RCCMF) is poised to enter an increasingly serious monetization stage of commercialization for its unique, patented, and disruptive Thermal Fragmentation (TF) technology. TF uses powerful burners (igniting diesel fuel and compressed air) to surgically extract ore, creating in the process large openings up to ~1 meter wide and up to 30 metres deep, in any direction -- ideal for chasing narrow gold laden quartz veins, among other applications. Early investors entering TSX-V:NIP now, at this pivotal phase of the Company's evolution, are apt to see spectacular gains as what we see developing under the hood of this Company becomes more apparent to the market and translates to share price appreciation.
Nippon Dragon Resources is the subject of a Technology MarketWatch Journal review, full copy of which may be viewed at http://technologymarketwatch.com/nip.htm online.
This technology caught our attention, in-part, when we learned that Nikola Vukovic, BSc, M. Eng., QP strongly endorses Thermal Fragmentation. A well known professional in mining circles, Nikola Vukovic has held various senior leadership positions where he budgeted, constructed, commissioned and turned over large capital open pit and underground projects with major mining companies like BHP Billiton, Rio Tinto and Freeport McMoRan. He has a 30+ year successful career involving strategic planning, business development and in implementation of leading business practices for sustainable or event based value creation, re-engineering, optimization and process automation. The contacts he and others with impressive CVs at Nippon Dragon Resources Inc. have developed over the years is translating into an avalanche of attention to Thermal Fragmentation from multiple interested parties, to the point that the Company is now actively looking to expand to meet the demand for rental of TF Dragon units and to showcase the technology, expected to translate to outright leasing of the technology.
Thermal Fragmentation developed by Nippon Dragon Resources is now at a proven and mature stage.
Key points: Economical, Safety, and Stability:
The technology has been tested for a number of years over a number of mining projects. The final outcome is whenever conventional mining is not economical, this technology is able to tackle it. Under conventional (blasting) mining technology often narrow veins, section under 1 m, are skipped over so miners can move on to the next economic section of a deposit. The Nippon dragon Thermal Fragmentation technology can extract the gold selectively from the waste, capable of up to 30 m in any 3D direction, and then when development comes in it can simply remove the waste. Essentially, one can extract ahead of development the ore that would otherwise be treated as waste and use it to help pay for development. Thermal Fragmentation technology does not require conventional 5 m development openings, ~2.5 m will do, resulting in huge savings when looking at the quantities of waste that needs to be moved just to make access to certain areas. Additionally because no explosives are used, there are no stresses included on critical rock structures, allowing the technology to be applied in really unfavorable ground conditions -- this advantage also makes the technology appealing to civil industrial engineers for anchoring foundations and reinforcing cables, especially where care needs to be applied to not disturb pre-existing conditions in the rock.
Thermal fragmentation can either replace or complement conventional mining, the technology is expected to see mainstream acceptance in mining as having options to fully recover reserves in any operating mine is good from both an environmental and economic standpoint.
Reduce dilution and micro-fragmentation
(spalling/crushing of rock to 0 to 13 mm) -- More efficient & less expensive:
One of the key benefits of Thermal Fragmentation is that hard quartz rock fractures quickly into small particles, faster than the waste rock surrounding it, allowing high-grade quartz to be extracted with very minimal dilution from surrounding waste rock (something typical conventional blasting method would have lots of). The fragmented mineralized ore is reduced to rocks ranging from 0 to 13 mm in size. This micro-fracturing of the material, eliminates the need for primary and secondary crushing, and improves recoveries. The final result of less dilution and micro-fragmentation is more tonnage and higher-grades of desired product for the same dollar that would have otherwise been spent -- increase the yield, and increase the recovery, and the mine will increase its revenue in the end, with the same capacity that it had and the same cost to operate to similar capacity.
Markets Thermal Fragmentation will excel at:
1) Low tonnage, high-grade, low cost mill feed (incorporate into existing operations or extract left over reserves from closed mines): Left over uneconomical, technology limited, reserves can be revisited by Nippon Dragon's Thermal Fragmentation technology with very little cost because the infrastructure (e.g. shafts, drifts) has been developed and the money spent. Nippon Dragon can bring in its dragon unit with low cost, hook up to support systems in place, and extract up to 30 m in any direction in 3D. Nippon has demonstrated it can extract 5 to 10 tonnes/hr, one can use such materials to supplement/incorporate into an existing mine operation in a synchronized way.
2) Assist early stage exploration companies with bulk sampling of outcrops: The Nippon Dragon unit can tackle down from surface, drill down a pilot hole 20 m to 30 m deep and then expand the hole up to 1 m and extract a mineralized zone from the waste and effect a profit.
3) Civil Industrial Engineering.
The full technology journal review may be viewed at http://technologymarketwatch.com/nip.htm online.
Content is for information purposes only and is not a solicitation to buy or sell any of the securities mentioned. See above URL for full TOU.
Fredrick William
Technology MarketWatch Journal
8666209945
Thermal Fragmentation 2D animation of uses
crookedneck
8 년 전
$RCCMF News! Nippon provides test results of 2 Thermal Fragmentation trials in Australia
Brossard, Quebec, February 28th, 2017 Nippon Dragon Resources Inc. (the "Company" or "Nippon") (TSX-V Symbol: NIP) (OTC symbol: RCCMF) is pleased to provide summary information regarding its Thermal Fragmentation activities in Australia with its distributor SAFESCAPE. Thermal fragmentation activities in Australia has consisted of two trials, one of which was conducted at narrow gold vein mine located in Victoria in order to evaluate several key points of the equipment and process, including but not limited to its efficiency and versatility. Three holes were made, two in waste rock and one in a gold bearing quartz reef. The equipment performed well in horizontal, downhole and uphole configurations. In the uphole configuration adjustments were required to account for the rapid rate of fragmentation of the material. Further metallurgical testwork on the ore mined generated a lot of interest. It was discovered that a significant portion of the coarse grained gold separated from the quartz during mining, additionally, while the thermal material is much smaller than blasted material they found that it also contained inclusions and micro fractures on a microscopic scale which resulted in significant improvements in comminution costs when compared to blasted and crushed material of the same genesis.
The second trial was conducted at a narrow vein gold mine in Western Australia and was the first step to engage with the WA Department of Mining and Petroleum to obtain approval to employ the thermal fragmentation mining process for a trial in Western Australia. The equipment performed well and fragmentation of the orebody was very good. A trial in a portion of the orebody that consisted mainly of sulfide minerals resulted in very fast fragmentation however minor SO2 was generated, a situation that is avoidable by the installation of a standard scrubber unit to capture the exhaust and send it to a return airway. In future, all new thermal fragmentation extraction work in sulfide ore bodies will include a scrubber as part of a complete system.
‘The technology has generated significant amount interest in Australia and several companies are considering trials of their own. Opportunities have also been identified in the construction and tunneling industries which will be followed up during the coming year.’ stated Steve Durkin managing director of SAFESCAPE
About SAFESCAPE
SAFESCAPE manufactures and installs the Safescape Laddertube escapeway system to mining and other industries. SAFESCAPE commenced operations in 2010, since then, its Laddertube escapeway systems has been adopted by 73 mines across 12 countries. With offices in Bendigo, Victoria, Perth, Western Australia and Denver,USA, SAFESCAPE is able to meet the needs of mining companies globally. SAFESCAPE’ vision is to create a safer and better underground mining workplace globally and its success has been recognized through various awards. Please visit the website www.safescape.com
About Nippon
Nippon is active in the exploration and the development of gold resources in Quebec. The Corporation holds a gold property with resources recognised in accordance with NI43-101, a modular treatment plant and also an exclusive license for the Thermal Fragmentation mining method.
The company’s growth strategy is based on:
• The development of its gold deposits with the objective of producing revenue from its operations;
• Increasing the value of its mining assets by prioritizing the exploration targets; and
• The commercialisation and employment of its thermal fragmentation technology.
For additional information:
John Stella, Investor relations (514) 718-7976 jstella@nippondragon.com
Donald Brisebois, President & CEO (450) 510-4442 dbrisebois@nippondragon.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration and production activities and events or developments that the Corporation expects, are forward looking statements. Although the Corporation believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions.
Ressources Nippon Dragon Resources Inc. 7055 Taschereau Blvd., suite 500, Brossard (Quebec) J4Z 1A7
Tel: (450) 510-4442 www.nippondragon.com
crookedneck
9 년 전
NEWS! Nippon signs a new agreement in Japan
http://www.stockwatch.com/News/Item.aspx?bid=U-th379354-U:RCCMF-20160329&symbol=RCCMF®ion=U
Brossard (Quebec), March 29th, 2016 Nippon Dragon Resources Inc. (the “Corporation” or “Nippon”) (TSX-V Symbol: NIP / OTC Symbol: RCCMF), announces the signing of a new agreement with Material Japan Co. Ltd. (MJ) for which Mr. Arihito Nishimura is its president. Mr. Nishimura visited Canada on a few occasions and has been interested in the thermal fragmentation method for the past 3 years. He is very active in Japan within the construction industry and is convinced that the thermal fragmentation method can be profitably implemented in Japan. The signing of this new agreement nullifies previous agreements for Japan and MJ becomes Nippon’s exclusive agent, replacing NDR Japan, which ceased its activities due to financial difficulties.
Japan remains a strategic location for Nippon especially with regards to the construction industry. MJ is already in contact with companies that may have a definite interest in employing the thermal fragmentation method. The thermal unit (Dragon) currently on site in Japan will facilitate the understanding of the method and enable targeted demonstrations on specific projects. The mining component is still moving forward however financing of these projects remains challenging.
About Nippon
Nippon is active in the exploration and the development of gold resources in Quebec. The Corporation holds a gold property with resources recognised in accordance with NI43-101, a modular treatment plant and also an exclusive license for the Thermal Fragmentation mining method.
The company’s growth strategy is based on:
· The development of its gold deposits with the objective of producing revenue from its operations;
· Increasing the value of its mining assets by prioritizing the exploration targets; and
· The commercialisation and employment of its thermal fragmentation technology.
For additional information:
John Stella, Investor relations (514) 718-7976 jstella@nippondragon.com
Donald Brisebois, President & CEO (450) 510-4442 dbrisebois@nippondragon.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration and production activities and events or developments that the Corporation expects, are forward looking statements. Although the Corporation believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions.
Ressources Nippon Dragon Resources Inc. 7055 Taschereau Blvd., suite 500, Brossard (Quebec) J4Z 1A7
Tel: (450) 510-4442 www.nippondragon.com
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crookedneck
9 년 전
Nippon Dragon's Green Thermal Fragmentation Modernizing the Mining Industry
LOS ANGELES, Dec. 10, 2015 /PRNewswire/ - Since 1907, the majority of US mining disasters were caused by either fire or an explosion. Despite this pattern, very little has changed in the mining process since the invention and use of explosives, a method that wreaks havoc on the environment, hinders productivity, and puts employees at risk. In 2010, an explosion at the Upper Big Branch mine in Naoma, West Virginia killed 29 miners. A year later, Governor's Independent Investigation Panel's report revealed that the explosion was the result of safety system failures.
The Green Revolution is impacting a number of sectors, from technology to agriculture to the automotive industry. However, despite the last century being filled with technological and social advancements, in terms of the mining process, the mining sector has gone mostly untouched. Yet, one company, Nippon Dragon Resources Inc. (TSXV: NIP – OTCQB: RCCMF), is looking to change that.
A Mining Company with a Green Edge
Nippon Dragon Resources is a hybrid mining and technology company that's active in the exploration and development of gold resources in Quebec. The company's flagship gold property Rocmec 1, a fully permitted project located in Quebec, includes a 100-meter deep, two-compartment shaft, and an 844 meters decline, allowing access to four levels (50, 90, 110 and 130 meters). Over the past years, in excess of $41 million has been invested in rehabilitating the property, surface and underground infrastructure, diamond drilling, equipment, drifting and the acquisition of a 75 tpd treatment plant, designed for underground installation. The latest NI43-101 report states gold resources of 125,000 ounces in measured/indicated, and 360,000 gold ounces of inferred resources. The project is 'shovel ready' and management is confident production will start in 2016. A portion of the mine will serve to showcase the thermal fragmentation mining method to potential clients and distributors.
The company, while an active junior mining company, has shifted its focus towards technological developments. Nippon Dragon's latest innovation, The Thermal Fragmentation mining method, has presented results that will not only save time and money, but t will also make mining part of the green revolution. "We just reduce the side effects of mining operations." said Jean-Yves Therien, Nippon's Vice-President of Business Development. "Our mining is a selective process. Most mining processes, in our view, are not selective." Recent events are adding credit to one of Nippon's slogans, 'the way of the future for mining high-grade narrow vein precious metal deposits'.
An Industry Breakthrough
The challenge facing modern miners is the actual retrieving of the precious metals. Most, if not all the 'easy gold' has already been mined. Remaining precious metal deposits are found in high-grade ore that's situated within narrow-vein structures that are difficult to mine profitably. Drill and blast mining, the conventional mining method, has been used for centuries. Other methods, such as shrinkage or long hole, are either labor intensive or present significant dilution issues.
Thermal fragmentation is a mining method that uses heat to 'spall' high-grade veins, greatly reducing the use of explosives. This method only extracts the mineralized ore with minimal dilution. This 'surgical' precision alleviates a number of stresses, both environmental and financial. Using Nippon's thermal fragmentation method reduces waste, uses less chemicals, and makes fewer alterations to the terrain. "We have a huge positive impact on the environment, because we significantly reduce dilution" said Therien. With less impact on the environment, the entire mining process becomes more streamlined. The amount of manpower needed is reduced, no need for a primary crusher and so on. "Because we reduce dilution, you truck less, you treat less and you dispose less," said Therien.
The "Apple" of the Mining Sector
A process that yields so many positive environmental changes and operational outcomes has the potential to revolutionize an entire industry. "If we were in pharmaceutical industry, I would say that we would be worth billions," said Therien. "It's speculative; but, we have THE solution to multibillion dollar problems for the mining industry. I cannot give you a real target. However, I'd like to say that we could be the Apple of the mining industry". As the company website states,"Simply put, we mine ounces, not tonnes."
Over the past year, Nippon has garnered international attention. In March of this year, Nippon successfully conducted three surface demonstrations in Japan to showcase their exclusive and patented thermal fragmentation technology. Representatives from the industrial, mining and construction sectors, along with representatives from the Japanese government responsible for major infrastructure projects in the country, were in attendance.
This past September, the company partnered with IBM to develop a cloud-based information acquisition system, working along with the thermal fragmentation technology that would allow Nippon to collect data from thermal sensors on the thermal fragmentation units. The concept of an 'Intelligent Mine' minimizes its impact on the environment while optimizing operations, reducing mining costs, increasing productivity, and providing safer working conditions through automation. This collaboration between Nippon and IBM is positioned to make this concept a reality.
Furthermore, Nippon's thermal fragmentation process can be utilized in other sectors. Where there's a city in the world that needs to dig a tunnel, build a bridge, or lay tracks for a subway, rocks typically block or present difficulties to work around crucial municipal systems, like water pipes. Thermal Fragmentation, for the construction industry, could be a game changer. "If there's a place that you don't want to use explosives," said Therien, "it's in the city."
Modernizing a Vital Industry
An industry that is plagued with safety concerns and costly operations is in desperate need for a solution that offers one key element: precision. Mining contractors like Don Bourgeois and Sons Inc. agree, and have ratified their agreement with Nippon for usage and distribution of Nippon's thermal fragmentation mining method to include all of Canada. Also, in March, the company signed an exclusive distribution agreement with SAFESCAPE for its patented Thermal Fragmentation mining method in various contracts and mining operations throughout the Countries of Australia, New Zealand, Papua New Guinea, Indonesia and the Philippines Nippon Dragon's mission of achieving selective mining with their Thermal Fragmentation process is the long-awaited green solution that is aimed to become a necessity to the modern mining sector.
For more information about Nippon Dragon Resources, www.nippondragon.com.
Disclosure: In the purview of Section 17(B) of the Securities Act of 1933 and in the interest of full disclosure, we call the reader's attention the fact that Equities.com, Inc. may be compensated by the companies profiled in the Spotlight Companies section. The purpose of these profiles is to provide awareness of these companies to investors in the micro, small-cap and growth equity community and should not in any way come across as a recommendation to buy, sell or hold these securities. Equities.com is not a registered broker, broker dealer, investment advisor, analyst, investment banker or underwriter. All profiles are based on information that is available to the public. The information contained herein should not be considered to be all-inclusive and is not guaranteed by Equities.com to be free from misstatement or errors. Readers are reminded to do their own due diligence when researching any companies mentioned on this website.
finance.yahoo.com/news/nippon-dragons-green-thermal-fragmentation-143500928.html
crookedneck
9 년 전
$RCCMF is so ready to explode! When a big deal is announced or a buyout happens, this stock will just go CRAZY! We have all seen where this has happened & we so wish we had been in ahead of time. Well that is exactly what you have here and now. I think it is only a matter of time before a huge deal is announced.
Why now? Simple, the gold mining industry is at a point where they have to cut cost in a big way right now, if they want to survive. RCCMF's Thermal Fragmentation process can cut cost by up to a staggering 60%! Can you imagine where the share price would soar to as the mining industry makes the big shift to utilize RCCMF's Thermal Fragmentation?
Thermal Fragmentation is the equivalent of what Fracking did for the oil industry! That same thing is about to happen here w/Thermal Fragmentation & this one little company owns the patent on this technology. Which is why I believe they will get bought out in the near term.
Right now the company is working on licensing its Patented Thermal Fragmentation mining process and have most recently announced an agreement with a mining contractor for all of Canada (see below)! Earlier this year they also signed an agreement for Australia and had big interest from Japan, that prompted them to send Thermal Fragmentation Unit to Japan to conduct a demonstration in one of their mines. The interest is growing quickly and very soon, I believe we hear a BIG ANNOUNCEMENT for another agreement in Japan.
There has not been a better opportunity to get in on the ground floor of one of the most important technologies for the entire gold mining industry. If you don't load up now at these UNBELIEVABLE cheap prices, you will forever regret it, but don't take my word for it, do your own DD to see for yourself! Cheers!
Thermal Fragmentation: Nippon ratifies exclusive licensing agreement to include Canada
Brossard (Quebec), November 25th, 2015 Nippon Dragon Resources Inc. (the “Corporation” or “Nippon”) (TSX-V Symbol: NIP), is pleased to announce that it has ratified its exclusive agreement with mining contractor, Don Bourgeois and Sons Inc. for usage and distribution of Nippon’s exclusive and patented thermal fragmentation mining method. The agreement has been ratified and now includes all of Canada
Both parties will have similar responsibilities pertaining to the promotion, showcasing and implementation of the technology. Don Bourgeois and Sons will maintain separate accounting records for the usage of the thermal fragmentation mining method within its mining contracts, equipment leasing contracts and/or other types of contracts Net profits will be equally shared between the parties. Additionally, Don Bourgeois and Sons will be responsible for supplying all the equipment required to undertake such contracts.
“We are extremely pleased to have reached an agreement that will now include all of Canada with such a credible mining contractor; it is a major step forward for Nippon as accrued interest in the technology will definitely lead to widespread usage of our mining method”, stated Donald Brisebois, President and CEO of Nippon.
The Thermal Fragmentation Mining Method video can be viewed on Nippon’s website at www.nippondragon.com
Don Bourgeois and Sons Inc, a subsidiary of EBC Inc., is a general contractor, specializing in the mining industry, who has been offering services across Canada and North America since 1979. The Company’s head office is located in Val d’Or, Québec. The firm has in-depth expertise in dewatering shafts, excavating ramps, shafts, mechanized and rail haulage drifts and mechanized and conventional raises.
Nippon also announces the closing of a first tranche of a non-brokered private placement. This first tranche is for 3,337,500 units of the Corporation at a price of $0.08 per unit (the "Units"), for aggregate gross proceeds of $267,600. Each unit consists of one common share in the share capital of the Corporation (a "Common Share") and one warrant of the Corporation (a "Warrant"). Each warrant entitles the holder thereof to purchase one additional common share in the share capital of the Corporation at a price of $0.12 per common share for a period of 24 months following the closing of the private placement.
One insider of the Corporation subscribed for a total of 625,000 units as part of the Common Share Private Placement (the “Insider Participation”), constituting a "related party transaction" as defined under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Insider Participation is exempt from the valuation and minority shareholder approval requirements of MI 61-101 by virtue of the exemptions contained in Sections 5.5(a) and 5.7(1)(a) of MI 61-101 based on that neither the fair market value of such Insider Participation nor the consideration paid by such person exceeds 25% of Nippon's market capitalization. Nippon has not filed a material change report 21 days prior to the closing of the Common Share Private Placement as participation of the insider had not been established at that time.
All securities issued in connection with the Private Placement are subject to a four month and one-day hold period from the date of issuance, expiring on March 26th, 2016. The Corporation intends to use the net proceeds of the Private Placement for general corporate purposes and working capital for adequate deployment of the thermal fragmentation technology on different projects at the national and international level.
Nippon is active in the exploration and the development of gold resources in Quebec. The Corporation holds a gold property with resources recognised in accordance with NI43-101, a modular treatment plant and also an exclusive license for the Thermal Fragmentation mining method.
The company’s growth strategy is based on:
• The development of its gold deposits with the objective of producing revenue from its operations;
• Increasing the value of its mining assets by prioritizing the exploration targets; and
• The commercialisation and employment of its thermal fragmentation technology.
For additional information:
John Stella, Investor relations (514) 718-7976 jstella@nippondragon.com
Donald Brisebois, President & CEO (450) 510-4442 dbrisebois@nippondragon.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration and production activities and events or developments that the Corporation expects, are forward looking statements. Although the Corporation believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions.
Ressources Nippon Dragon Resources Inc. 7055 Taschereau Blvd., suite 500, Brossard (Quebec) J4Z 1A7
Tel: (450) 510-4442 www.nippondragon.com
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