Farmmi Participates in Shanghai International Health, Wellness and Fitness Expo

PR Newswire

LISHUI, China, Nov. 30, 2020 /PRNewswire/ — Farmmi, Inc. (“Farmmi” or the “Company”) (NASDAQ: FAMI), an agriculture products supplier in China, today announced its participation in the Shanghai International Health, Wellness and Fitness Expo (the “Expo”), which was held from November 25 to 27, 2020.  The Expo, the largest of its kind in Asia, included edible fungi in its featured products.

The Expo covered a total exhibition area of 54,000 square meters, with 452 national and international brands, gathering 43,076 domestic and international buyers.

Ms. Yefang Zhang, Farmmi’s Chairwoman and CEO, commented, “While we have done an excellent job closing sales opportunities in the new virtual world of 2020, it was exciting for us to get back in front of customers and partners at the Expo.  The organizers put necessary safety controls in place to ensure the health of attendees.  We thank them for their efforts in making this such a successful expo for all participants.” 

“With the improvement of living standards, people are becoming more particular about their health and diet.  Farmmi is benefitting from inclusion and wider adoption of edible fungi, which are now a standard part of the new healthy diet structure.  Low calorie bacteria with high protein, low fat and high efficacy are now recognized worldwide as nutritional, health foods,” continued Ms. Zhang.  “As a leading agricultural products supplier, processor and retailer of Shiitake mushrooms, Mu Er mushrooms, other edible fungi, and many other sought-after agricultural products, Farmmi has the scale and strict controls to build upon customer demand growth worldwide.”

Ms. Zhang concluded, “The Expo, which emphasized technology and innovation, served as an important platform for our company to meet customers, promote products, carry out industry exchanges and seek cooperation opportunities.  This is fully in-line with our strategy to seek out and execute on increased business opportunities in both the domestic China market and worldwide.”

About Farmmi, Inc.

Headquartered in Lishui, Zhejiang, Farmmi, Inc. (NASDAQ: FAMI), is a leading agricultural products supplier, processor and retailer of Shiitake mushrooms, Mu Er mushrooms, other edible fungi, and many other sought-after agricultural products.  The Company’s Farmmi Liangpin Market serves as a trading platform for Chinese geographical indication agricultural products and is a large platform for consumers to access locally sourced agricultural products. For further information about the Company, please visit: http://ir.farmmi.com.cn/.

Forward-Looking Statements

This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including the potential impact of COVID-19 on our business within and outside of China.  These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.

 

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SOURCE Farmmi, Inc.

Amesite to Present at Upcoming Investor Conferences

PR Newswire

ANN ARBOR, Mich., Nov. 30, 2020 /PRNewswire/ — AmesiteInc. (Nasdaq: AMST), an artificial intelligence software company providing online learning ecosystems for business, higher education, and K-12, announced today its Founder & CEO, Dr. Ann Marie Sastry, will present to the investment community at the following virtual events:

B. Riley Securities Education Services & Technology Conference

Wednesday, December 2, 2020 at 9:30 a.m. ET
To register for the live broadcast of the virtual event:
https://us02web.zoom.us/webinar/register/WN_o4XKoIrPRJ6_2nrQmjdXhQ

Benzinga Global Small Cap Conference



Tuesday, December 8, 2020 at 1:45 p.m. ET
To register for the live broadcast of the virtual event:
https://events.benzinga.com/registration-page?gclid=CjwKCAiAnvj9BRA4EiwAuUMDf-TCcVLGmiwskcnfvCNVpsa3ZkUeMz9vfuXOd4y2BZ60DmlH1U_GHhoCvlMQAvD_BwE

Amesite’s innovative cloud-based platform delivers learning, branded to its customers and compatible with customers’ existing systems. Amesite uses AI to provide unparalleled engagement and ease of use, with a fully integrated experience on a single, turnkey and scalable system.


About Amesite Inc.

Amesite is a high-tech artificial intelligence software company offering a cloud-based platform and content creation services for K-12, college, university and business education and upskilling. For more information, visit https://amesite.com.


Forward Looking Statements

This communication contains forward-looking statements (including within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended) concerning the Company, the Company’s planned online machine learning platform, the Company’s business plans, any future commercialization of the Company’s online learning solutions, potential customers, business objectives and other matters. Forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “may,” “will,” “should,” “would,” “expect,” “plan,” “believe,” “intend,” “look forward,” and other similar expressions among others. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement. Risks facing the Company and its planned platform are set forth in the Company’s filings with the SEC. Except as required by applicable law, the Company undertakes no obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

Contact: Bob Prag
858-794-9500
[email protected]

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SOURCE Amesite, Inc.

China Customer Relations Centers, Inc. Announces Receipt of Preliminary Non-Binding “Going Private” Proposal and Formation of Special Committee

PR Newswire

TAI’AN, China, Nov. 30, 2020 /PRNewswire/ — China Customer Relations Centers, Inc. (Nasdaq: CCRC) (“CCRC” or the “Company“), a leading e-commerce and financial services business process outsourcing (“BPO“) service provider in China, today announced that its board of directors (the “Board“) has received a preliminary non-binding proposal letter dated November 27, 2020 jointly submitted by its founder and chairman of the Board, Mr. Zhili Wang, Mr. Debao Wang, Mr. Guoan Xu, Mr. Qingmao Zhang, Mr. Long Lin, Mr. Jishan Sun and their respective affiliated entities (collectively, the “Buyer Group“), to acquire all of the outstanding shares of the Company not already owned by the Buyer Group in a going private transaction for $5.37 per share in cash (the “Proposal”). A copy of the proposal letter is attached hereto as Annex A.

CCRC’s Board has formed a special committee of independent and disinterested directors (the “Special Committee“) consisting of Tianjun Zhang, Owens Meng, and Jie Xu with Tianjun Zhang servicing as the chairman of the Special Committee, to consider the Proposal. The Special Committee has retained Houlihan Lokey (China) Limited as its financial advisor and Hogan Lovells as its international legal counsel in connection with its review and evaluation of the Proposal.

The Board cautions the Company’s shareholders and others considering trading in the Company’s securities that no decision has been made on the response to the Proposal. There can be no assurance that any definitive offer will be made, that any agreement will be executed or that this or any other transaction will be approved or consummated. The Company does not undertake any obligation to provide any updates with respect to this or any other transaction, except as required under applicable law.

About China Customer Relations Centers, Inc.

The Company is a leading e-commerce and financial services BPO service provider in China focusing on the complex, voice-based and online-based segments of customer care services, including:

  • customer relationship management;
  • technical support;
  • sales;
  • customer retention;
  • marketing surveys; and
  • research.

The Company’s service is currently delivered in Provinces of Shandong, Jiangsu, Henan, Guangdong, Yunnan, Hubei, Sichuan, Hebei, Anhui, Xinjiang, Guangxi, Jiangxi, Heilongjiang, and Chongqing. More information about the Company can be found at: www.ccrc.com.

Safe Harbor Statements

Certain statements contained in this announcement may be viewed as “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual performance, financial condition or results of operations of the Company to be materially different from any future performance, financial condition or results of operations implied by such forward-looking statements. The accuracy of these statements may be impacted by a number of business risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. The Company undertakes no ongoing obligation, other than that imposed by law, to update these statements.

For further information, please contact

Sherry Zheng

Weitian Group LLC  
Email: [email protected]  
Phone: +1-718-213-7386

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SOURCE China Customer Relations Centers, Inc.

WiLAN and Handset Manufacturer Sign Wireless License Agreement

PR Newswire

OTTAWA, ON, Nov. 30, 2020 /PRNewswire/ – Wi-LAN Inc. (“WiLAN”), a Quarterhill Inc. (“Quarterhill”) company (TSX: QTRH) (OTCQX: QTRHF), today announced that an unnamed handset manufacturer, ranked in the top 20 in sales in the USA, has signed a multi-year license to WiLAN’s wireless LTE patent portfolio.  The license grants global rights covering wireless LTE handsets sold by the manufacturer. All other terms of the license agreement are confidential.

About WiLAN
WiLAN, a Quarterhill company, is one of the most successful patent monetization companies in the world and partners with its customers to unlock the value of intellectual property through various patent monetization models.  WiLAN operates in a variety of markets including automotive, digital television, Internet, medical, semiconductor and wireless communication technologies. For more information: www.wilan.com.

About Quarterhill
Quarterhill is a growth-oriented company in the Intellectual Property and Intelligent Transportation System (ITS) industries. Our goal is to pursue an investment strategy that capitalizes on attractive market trends in both ITS and its adjacent markets. Quarterhill is listed on the TSX under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF. For more information: www.quarterhill.com.

All trademarks and brands mentioned in this release are the property of their respective owners.

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SOURCE Wi-LAN Inc.

The Lion Electric Company and Northern Genesis Acquisition Corp. Announce Merger and Commitments for $200 Million in a PIPE; Combined Company Expected to be Listed on NYSE

The Lion Electric Company and Northern Genesis Acquisition Corp. Announce Merger and Commitments for $200 Million in a PIPE; Combined Company Expected to be Listed on NYSE

  • The Lion Electric Company (“Lion” or the “Company”), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, is combining with Northern Genesis Acquisition Corp. (“Northern Genesis”) (NYSE: NGA) and the combined entity is expected to be listed on the New York Stock Exchange (NYSE) under the new ticker symbol “LEV”.
  • Pro forma implied market capitalization of the combined company of $1.9 billion.
  • Transaction includes a $200 million fully committed private placement of common shares in Lion (PIPE).
  • Proceeds will be used to fund Lion’s growth strategy, including the planned expansion of the Company’s U.S. manufacturing capacity, continued development of advanced battery systems, the planned construction of a highly automated battery system assembly factory and other general corporate purposes.
  • Proposed transaction is expected to allow Lion to further solidify its current leadership in all-electric medium and heavy-duty urban vehicles.
  • CEO – Founder Marc Bedard and Chairman Pierre Larochelle will be joined by Northern Genesis’ Ian Robertson and Chris Jarratt on a newly formed board of directors.

KANSAS CITY, Mo. & SAINT-JÉRÔME, Québec–(BUSINESS WIRE)–
The Lion Electric Company, a leading designer, manufacturer and distributor of all-electric medium and heavy-duty urban vehicles, announced today it intends to combine with Northern Genesis Acquisition Corp. (NYSE: NGA), a publicly traded special purpose acquisition company focused on a commitment to sustainability and strong alignment with environmental, social and governance principles. Upon closing of the transaction, a wholly-owned subsidiary of Lion will merge with and into Northern Genesis, and Lion is expected to be listed on the New York Stock Exchange (NYSE) under the new ticker symbol “LEV”.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201130005465/en/

The transaction is expected to bolster Lion’s market leading position in all-electric medium and heavy-duty urban vehicles by supporting the planned construction of a state-of-the-art vehicle manufacturing facility in the U.S., the continued development of advanced battery systems, the planned construction of a highly automated battery system assembly factory and other general corporate purposes.

“This transaction marks an important milestone in Lion’s continued emergence as a market leader in the design, manufacturing and distribution of purpose-built, all-electric medium and heavy-duty urban vehicles” said Marc Bedard, Lion’s CEO – Founder. “The business combination with Northern Genesis provides us with capital to fund Lion’s strategic initiatives, in addition to valuable expertise from Ian Robertson, Chris Jarratt and the Northern Genesis team.”

Founded in 2008, Lion is an established industry leader in all-electric medium and heavy-duty urban vehicles, with over 300 vehicles currently on the road and an impressive operational track record of over 6 million miles driven. Lion offers seven purpose-built electric truck and bus models available for purchase today and which are being delivered from its existing 2,500 vehicle per year manufacturing facility. With Lion buses on the road today and initial truck deliveries in process, Lion expects to quickly ramp up with 650 truck and bus deliveries planned for 2021. Over its coming four year planning horizon, Lion has identified 6,000 potential vehicle sales, approximately 2/3 trucks and 1/3 buses; the marketing plan is supported by over 300 purchase orders in hand and a growing sales pipeline.

“In forming Northern Genesis, we were focused on engaging with a business whose value proposition is proven by current customers, whose tangible growth prospects will be energized by exposure to the public markets and whose experienced management team fosters a winning culture,” said Ian Robertson, co-founder of Northern Genesis. “Lion surpasses our expectations on all these dimensions and we are confident that it has potential to be a great public company in the emerging decarbonized economy.”

Marc Bedardwill continue as CEO – Founder of the combined company, overseeing the Company’s strategic growth initiatives and expansion. He is joined by Lion’s existing executive team which includes Nicolas Brunet, EVP & CFO and Yannick Poulin, COO. The combined company will have a board of directors consisting of nine directors, including Marc Bedard, CEO – Founder, Pierre Larochelle (from Power Sustainable) as Chairman, and five other existing Lion Board members, as well as Ian Robertson and Chris Jarratt, co-founders of Algonquin Power & Utilities Corp (NYSE: AQN), who will join the board effective as of closing.

Transaction Overview

The pro forma implied market capitalization of the combined company is $1.9 billion, at the $10.00 per share PIPE subscription price and assuming no public shareholders of Northern Genesis exercise their redemption rights. The company is expected to receive approximately $500 million of net cash proceeds in connection with the transaction, comprised of $200 million from a PIPE and approximately $320 million of cash held in trust by Northern Genesis assuming no public shareholders of Northern Genesis exercise their redemption rights at closing.

The combined net cash proceeds will be used to fund Lion’s growth strategy, including the planned construction of a state-of-the-art U.S. based vehicle manufacturing facility, the continued development of advanced battery systems, the planned construction of a highly automated battery factory and other general corporate purposes.

The existing shareholders of Lion will continue to hold their equity ownership in the combined company, and in some cases they will increase their equity ownership by participating, together with certain Northern Genesis officers and directors, in the PIPE. Following completion of the transaction, it is expected that Lion’s existing shareholders will hold approximately 70%1 of the combined company’s common equity assuming no redemptions from Northern Genesis’s public stockholders.

The board of directors of Northern Genesis, and the board of directors and the shareholders of Lion, unanimously approved the transaction. Completion of the proposed transaction is subject to customary closing conditions, including the approval of the stockholders of Northern Genesis and a post-closing minimum cash balance available to fund Lion’s growth program of $200 million (net of any redemptions), and is expected to occur in the first quarter of 2021.

National Bank Financial, BMO Capital Markets and Roth Capital Partners, LLC are serving as financial advisors, and Stikeman Elliott LLP and Vinson & Elkins L.L.P. are serving as legal advisors to Lion. Barclays Capital Inc. is serving as exclusive M&A and capital markets advisor, and Husch Blackwell and Borden Ladner Gervais LLP are serving as legal advisors to Northern Genesis. Barclays Capital Inc. is serving as lead placement agent and BMO Capital Markets and Roth Capital Partners, LLC are serving as placement agents. Mayer Brown LLP is serving as legal advisor to the lead placement agent.

Investor Conference Call Information

Lion and Northern Genesis will host a joint investor conference call to discuss the proposed transaction today, Monday, November 30, 2020 at 8:30 am ET.

To listen to the prepared remarks via telephone dial 1-877-407-4018 (U.S.) or 1-201-689-8471 (International) and an operator will assist you. A telephone replay will be available at 1-844-512-2921 (U.S.) or 1-412-317-6671 (International), passcode: 13713746 through December 14, 2020 at 11:59 pm ET.

About The Lion Electric Company

The Lion Electric Company is an innovative manufacturer of zero-emission vehicles. The company creates, designs, and manufactures all-electric class 5 to class 8 commercial urban trucks and all-electric buses and minibuses for the school, paratransit, and mass transit markets. Lion is a North American leader in electric transportation and designs, builds, and assembles all of its vehicles’ components, including, chassis, battery packs, truck cabins and bus bodies.

Always actively seeking new and reliable technologies, Lion vehicles have unique features that are specifically adapted to its users and their everyday needs. Lion believes that transitioning to all-electric vehicles will lead to major improvements in our society, environment, and overall quality of life.

Lion Electric, The Bright Move

For more information, visit thelionelectric.com

About Northern Genesis Acquisition Corp.

Northern Genesis Acquisition Corp. (NYSE: NGA) is a special purpose acquisition company formed for the purpose of effecting a merger, stock exchange, acquisition, reorganization or similar business combination with one or more businesses. The Northern Genesis management team brings a unique entrepreneurial owner-operator mindset and a proven history of creating shareholder value across the sustainable power and energy value chain. Northern Genesis is committed to helping the next great public company find its path to success; a path which will most certainly recognize the growing sensitivity of customers, employees and investors to alignment with the principles underlying sustainability.

About Power Sustainable

Power Sustainable is a global multi-platform alternative asset manager with investments in sustainable strategies and offices in Montréal, Toronto, and Shanghai. Power Sustainable is currently comprised of two platforms: the Pacific platform invests in the China equity markets, seeking high-quality, sustainable business models with a fundamentals based, research-driven investment process; and the Energy platform invests in the development, construction and operations of renewable energy infrastructure assets in North America. The Company leverages its investment capabilities and those of its partners to build projects of significance that benefit the planet, assure steady growth and create long-term value. Power Sustainable is a wholly owned subsidiary of Power Corporation of Canada. For more information, visit www.powersustainable.com

Important Information and Where to Find It

In connection with the transaction, Lion intends to file a registration statement on Form F-4, (the “Registration Statement”) with the U.S. Securities and Exchange Commission (the “SEC”), which will include a proxy statement of Northern Genesis in connection with Northern Genesis’ solicitation of proxies for the vote by its stockholders with respect to the transaction and other matters as described in the Registration Statement, as well as the prospectus relating to the registration of the securities to be issued by Lion to Northern Genesis’ stockholders in connection with the transaction. After the Registration Statement has been filed and declared effective, Northern Genesis will mail a definitive proxy statement, when available, to its stockholders. Investors and security holders of Northern Genesis and other interested parties are urged to read the Registration Statement, any amendments thereto and any other documents filed with the SEC carefully and in their entirety when they become available because they will contain important information about Northern Genesis, Lion and the transaction. Investors and security holders of Northern Genesis may obtain free copies of the preliminary proxy statement/prospectus and definitive proxy statement/prospectus (when available) and other documents filed with the SEC by Northern Genesis and Lion through the website maintained by the SEC at http://www.sec.gov.The information contained on, or that may be accessed through, the websites referenced in this press release is not incorporated by reference into, and is not a part of, this press release.

Participants in the Solicitation

Northern Genesis and its directors and executive officers and other persons may be deemed to be participants in the solicitations of proxies from Northern Genesis’ stockholders in respect of the proposed transaction. Lion and its officers and directors may also be deemed participants in such solicitation. Information regarding Northern Genesis’ directors and executive officers is available under the heading “Management” in its final prospectus dated August 17, 2020 filed with the SEC on August 18, 2020. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, which may, in some cases, be different than those of their stockholders generally, will be contained in the proxy statement/prospectus and other relevant materials to be filed with the SEC in connection with the transaction when they become available. Stockholders, potential investors and other interested persons should read the proxy statement/prospectus carefully when it becomes available before making any voting or investment decisions. When available, these documents can be obtained free of charge from the sources indicated above.

No Offer or Solicitation

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities or constitute a solicitation of any vote or approval. No offer of securities, other than with respect to the PIPE, shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended (the “Securities Act”).

Currency

All amounts in this press release are indicated in US dollars unless indicated otherwise.

Forward-Looking Statement

All statements other than statements of historical facts contained in this press release constitute “forward-looking statements” (which shall include forward-looking information within the meaning of Canadian securities laws) within the meaning of Section 27A of the Securities Act. Forward-looking statements may generally be identified by the use of words such as “believe,” “may,” “will,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “could,” “plan,” “project,” “potential,” “seem,” “seek,” “future,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters, although not all forward-looking statements contain such identifying words. These forward-looking statements include, but are not limited to, statements regarding the transaction, including with respect to timing and closing thereof, the ability to consummate the transaction, the benefits of the transaction, the ability to satisfy the Cash Condition, the completion of the PIPE, estimates and forecasts of financial and other performance metrics, visibility on potential orders and business relationships, sufficiency and use of funds following completion of the proposed transaction, as well as the combined company’s strategy, future operations, estimated financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Lion’s and Northern Genesis’ management and are not predictions of actual performance. These forward-looking statements are provided for the purpose of assisting readers in understanding certain key elements of the Company’s current objectives, goals, targets, strategic priorities, expectations and plans, and in obtaining a better understanding of the Company’s business and anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes and is not intended to serve as, and must not be relied on by any investor as a guarantee, an assurance, a prediction or a definitive statement of fact or probability.

Forward-looking statements involve inherent risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Lion and Northern Genesis, and are based on a number of assumptions, as well as other factors that the Company and Northern Genesis believe are appropriate and reasonable in the circumstances, but there can be no assurance that such estimates and assumptions will prove to be correct or that the Company’s vision, business, objectives, plans and strategies will be achieved. Many risks and uncertainties could cause the Company’s actual results, performance or achievements or future events or developments to differ materially from those expressed or implied by the forward-looking statements, including any adverse changes in the U.S. and Canadian general economic, business, market, financial, political and legal conditions; the Company’s inability to successfully and economically manufacture and distribute its vehicles at scale and meet its customers’ business needs; the Company’s inability to execute its growth strategy; the Company’s inability to maintain its competitive position; the Company’s inability to reduce its costs of supply overtime; any inability to maintain and enhance the Company’s reputation and brand; any significant product repair and/or replacement due to product warranty claims or product recalls; any failure of information technology systems or any cybersecurity and data privacy breaches or incidents; natural disasters, epidemic or pandemic outbreaks, boycotts and geo-political events; the risk that a condition to closing of the transaction (including the obtention of Northern Genesis’ stockholders approval) may not be satisfied; the failure to realize the anticipated benefits of the proposed transaction; the amount of redemption requests made by Northern Genesis’ public stockholders; the risk that the proposed transaction disrupts Lion’s or Northern Genesis’ current plans and operations as a result of the announcement of the transaction; the outcome of any legal proceedings that may be instituted against Lion or Northern Genesis following announcement of the transaction; the inability of the parties to successfully or timely consummate the proposed transaction; and those factors discussed in Northern Genesis’ final prospectus dated August 17, 2020, and any subsequently filed Quarterly Report on Form 10‑Q, in each case, under the heading “Risk Factors,” and other documents of Northern Genesis filed, or to be filed, with the SEC, as well as any documents to be filed by Lion in accordance with applicable securities laws. These factors are not intended to represent a complete list of the factors that could affect the Company, and there may be additional risks that neither Northern Genesis nor Lion presently know or that Northern Genesis and Lion currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Northern Genesis’ and Lion’s expectations, plans or forecasts of future events and views as of the date of this press release. Northern Genesis and Lion anticipate that subsequent events and developments will cause Northern Genesis’ and Lion’s assessments to change. However, while Northern Genesis and Lion may elect to update these forward-looking statements at some point in the future, Northern Genesis and Lion have no intention and undertake no obligation to do so except as required by applicable law. These forward-looking statements should not be relied upon as representing Northern Genesis’ and Lion’s assessments as of any date subsequent to the date of this press release.


1 In addition to rolling its current interest, Power Sustainable Capital (a wholly owned subsidiary of Power Corporation of Canada) is subscribing to an incremental $17 million of equity ownership as part of the PIPE.

The Lion Electric Company

For Investors:

[email protected]

For Media:

Patrick Gervais

Vice-President, Marketing and Communications

Cell: 514-992-1060

[email protected]

[email protected]

Northern Genesis Acquisition Corp.

Avi Das

Investor Relations

[email protected]

Phone: 816-514-0324

KEYWORDS: United States North America Canada Missouri

INDUSTRY KEYWORDS: Alternative Energy Energy Automotive Trucking Public Transport Logistics/Supply Chain Management General Automotive Transport

MEDIA:

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Blue Apron Names Charlean Gmunder Chief Operating Officer

Blue Apron Names Charlean Gmunder Chief Operating Officer

30-Year Food Operations Leader to Oversee Fulfillment, Supply Chain, and Customer Experience

NEW YORK–(BUSINESS WIRE)–
Blue Apron Holdings, Inc. (NYSE: APRN) today announced the appointment of Charlean Gmunder as Chief Operating Officer, effective as of November 25, 2020. Gmunder brings more than 30 years of food operations experience to her new role, including deep knowledge in food manufacturing and fulfillment. As Chief Operating Officer, Gmunder is responsible for overseeing Blue Apron’s fulfillment, supply chain, Food Safety and Quality Assurance, physical operations, including logistics, procurement and customer experience. Gmunder reports to President and Chief Executive Officer Linda Findley Kozlowski.

“Charlean’s background, experience and accomplishments represent an excellent complement to Blue Apron’s leadership and operations teams,” said Kozlowski. “Her experience in food system operations, coupled with her deep knowledge of new product development and expanding capacity, will be critical as we continue to execute on our growth strategies.”

Most recently, Gmunder was the vice president of catering operations with United Airlines, where she was responsible for six company-owned direct food-related manufacturing sites and all third-party manufacturing worldwide. Her business unit was responsible for over $1 billion in annual revenue with 3,000 employees, including responsibility for product development, marketing, sales, supply chain, operations, regulatory compliance and customer experience.

Prior to United Airlines, Gmunder held operations roles at Maple Leaf Foods, Chiquita Brands, Promotion in Motion, Premio Foods, National Starch Food Innovation and Wm. Wrigley Jr. Company.

“This is an exciting time for the company as it continues to focus on product innovation, improved marketing and operational efficiencies to leverage changes in consumer behaviors around eating more meals at home. I look forward to working closely with Linda and the rest of the Blue Apron team towards continued progress on the company’s growth strategy set forth last year,” said Gmunder.

Gmunder received a bachelor’s degree in Chemical Engineering and a Master of Business Administration from Rutgers University in New Jersey.

About Blue Apron

Blue Apron’s mission is to make incredible home cooking accessible to everyone. Launched in 2012, Blue Apron is reimagining the way that food is produced, distributed and consumed, and as a result, building a better food system that benefits consumers, food producers and the planet. Blue Apron has developed an integrated ecosystem that enables the company to work in a direct, coordinated manner with farmers and artisans to deliver high-quality products to customers nationwide at compelling values.

Forward-Looking Statement

This press release includes statements concerning Blue Apron Holdings, Inc. and its future expectations, plans and prospects that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. For this purpose, any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. In some cases, you can identify forward-looking statements by terms such as “may,” “should,” “expects,” “plans,” “forecasts,” “anticipates,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential,” or “continue,” or the negative of these terms or other similar expressions. Forward-looking statements in this press release include, but are not limited to, statements relating to the Company’s plans to execute on its growth strategy. The Company’s expectations and beliefs regarding these matters may not materialize, and actual results are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Factors that could contribute to such differences include, without limitation, the company achieving its expectations with regards to its expenses and net revenue; its ability to grow adjusted EBITDA and to achieve or maintain profitability; the continued sufficiency of the company’s cash resources; the company’s need for additional financing; its ability to effectively manage expenses and cash flows, and its ability to remain in compliance with the financial and other covenants under the company’s indebtedness; its ability, including the timing and extent, to sufficiently manage costs and to fund investments in operations from cash from operations or additional financings in amounts necessary to continue to support the execution of the company’s growth strategy; its ability, including the timing and extent, to successfully execute the company’s growth strategy, cost-effectively attract new customers and retain existing customers, continue to expand its direct-to-consumer product offerings and continue to benefit from the implementation of operational efficiency practices; its ability to sustain the increased demand resulting from the COVID-19 pandemic and to retain new customers; any material and adverse impact of the COVID-19 pandemic on the company’s operations and results, including as a result of the company’s inability to meet demand due to loss of adequate labor, whether as a result of heightened absenteeism or challenges in recruiting and retention or otherwise, prolonged closures, or series of temporary closures, of one or more fulfillment centers and supply chain or carrier interruptions or delays; changes in consumer behaviors that could lead to declines in demand, both as COVID-19 related restrictions continue to be lifted to varying degrees across the United States, and/or consumer fears dissipate, and/or as a result of the COVID-19 pandemic’s impact on financial markets and economic conditions, including on consumer spending habits; achieving its expectations regarding the benefits and expected costs and charges associated with temporarily reopening its Arlington fulfillment center; its ability to maintain and grow the value of the company’s brand and reputation; its expectations regarding, and the stability of, its supply chain, including potential shortages or interruptions in the supply or delivery of ingredients, as a result of COVID-19 or otherwise; its ability to maintain food safety and prevent food-borne illness incidents and its susceptibility to supplier-initiated recalls; its ability to accommodate general changes in consumer tastes and preferences or in consumer spending; its ability to effectively compete; its ability to attract and retain qualified employees and key personnel in sufficient numbers; its ability to comply with modified or new laws and regulations applying to its business; risks resulting from its vulnerability to adverse weather conditions, natural disasters and public health crises, including pandemics; its ability to obtain and maintain intellectual property protection; and other risks more fully described in the company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2020 filed with the Securities and Exchange Commission (“SEC”) on October 29, 2020, and in other filings that the company may make with the SEC in the future. The company assumes no obligation to update any forward-looking statements contained in this press release as a result of new information, future events or otherwise.

Investors

[email protected]

Joseph Jaffoni, Richard Land, James Leahy

JCIR

[email protected] or 212-835-8500

Media

Muriel Lussier

Blue Apron

[email protected]

KEYWORDS: New York United States North America

INDUSTRY KEYWORDS: Supply Chain Management Online Retail Retail Luxury Specialty Food/Beverage

MEDIA:

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Contango Announces Signing of Agreement to Acquire Oily, Low Decline Assets in Big Horn, Permian, and Powder River Basins

FORT WORTH, Texas, Nov. 30, 2020 (GLOBE NEWSWIRE) — Contango Oil & Gas Company (NYSE American: MCF) (“Contango” or the “Company”) announced today that it has entered into an asset purchase agreement to acquire assets in the Big Horn, Permian, and Powder River Basins via a bank owned liquidation of assets.

HIGHLIGHTS

  • Acquisition of PDP heavy reserves for $58 million in cash, subject to customary purchase price adjustments, representing more than a 50% discount to producing reserve value(1)
  • Adds significant volumes of low-decline liquids production requiring minimal maintenance capital
  • Pro forma for the Mid-Con Energy merger and this acquisition, Contango’s net producing oil annual decline rate to drop to approximately 11% during 2021
  • Pro forma(2) for the Mid-Con Energy merger, these assets are expected to increase Contango’s reserve value by approximately 36%
  • Unlevered payback period on these assets estimated to be 2.7 years at 11/27/20 strip. Long-lived, conventional asset package is expected to retain a majority of its value and production volumes through payout and continue to produce significant cash flow thereafter
  • Significant potential for cash flow optimization through Contango’s proven ability to cut costs on acquired assets. Large scale assets will also provide future inventory of low-risk capital projects that we are currently evaluating

TRANSACTION DETAILS

The executed purchase and sale agreement provides that Contango will acquire approximately 7.5 Mboe/d of production (as of 8/1/20), approximately 18.3 Mmboe of PDP reserves (unaudited), and ~182,000 net acres (100% HBP) across the package for a total purchase price of $58 million subject to customary purchase price adjustments.

Production from the acquired assets is liquids weighted at >55% oil and NGLs, and the acreage is 100% held-by-production.  The largest property in the package, the Elk Basin Field (Big Horn Basin), is a conventional asset which has been producing from multiple horizons for over 100 years. This field has produced in excess of 500 million barrels of oil since discovery with historic estimates of the OOIP in excess of 1.2 billion barrels. This field currently produces approximately 2 Mboe/d (87% oil and 100% liquids), having exhibited low single digit decline rates for several decades. The second largest asset in the portfolio, located on the Central Basin Platform and Northwest Shelf areas of the Permian Basin, currently produces 3.8 Mboe/d (40% oil and 59% liquids).

The transaction is expected to close December 31, 2020, and the effective date of the transaction will be August 1, 2020.

The closing of the transaction is subject to customary conditions, due diligence, confirmation of title, and finalization of documentation; however, closing is not conditioned upon satisfaction of any financing contingency.   The Company intends to finance the purchase price with a combination of cash on hand, borrowings under its revolving credit facility and capital markets financing.

M
ANAGEMENT COMMENTARY

Wilkie S. Colyer, Contango’s Chief Executive Officer, said “We are extremely excited to acquire these oily, low decline assets at such an attractive valuation.   This opportunity became actionable as a result of our proprietary pipeline of assets owned by non-natural owners, and our hope is that, as in this case, sellers view us as a solution provider as much as they do a counterparty in looking for a new home for stranded assets. Contango has existing operations in the Big Horn, Permian, and Powder River Basins, and we believe we have the expertise to maximize the value of these mature conventional assets via our technical staff formerly at Mid-Con Energy. This is another step for us in consolidating upstream assets in a difficult environment for the industry as a whole. We will continue to be on the lookout for transactions accretive to our shareholders, defined as ones which increase intrinsic value per share, whether they be cash purchases, M&A, reorganizations, or distressed debt acquisitions in what continues to be a target rich environment for us.”

(1)   Value of producing reserves as of November 1, 2020, as calculated by MCF using seller provided unaudited reserves information and8/4/2020Nymexstrip pricing.

(2)   Pro formaproved reserves of $364.6mm after the Mid-Con merger. These pro forma proved reserves for MCF and MCEP Combined are as of 12/31/2019 using strip pricing as of 8/4/2020 and exclude reserves associated with MCF’s ~37% interest in Exaro. The properties subject to this pending acquisition have an estimated $130.3mm in proved reserves value, as set forth in footnote 1 above, which results in an approximate 36% increase in proved reserves value over pro forma Combined MCF and MCEP. 

Teleconference Call

Contango management will hold a conference call to discuss the information described in this press release on Monday, November 30, 2020 at 3:30 pm Central Standard Time. A brief presentation related to certain items to be discussed on the call will be posted to the Company’s website at ir.contango.com prior to the call. Those interested in participating in the conference call may do so by clicking here to join and entering your information to be connected. The link becomes active 15 minutes prior to the scheduled start time, and the conference will call you. If you are not at a computer, you can join by dialing 1-800-309-1256, (International 1-323-347-3622) and entering participation code 538266. A replay of the call will be available Monday, November 30, 2020 at 6:30 pm CST through Monday, December 21, 2020 at 7:00 pm CST by clicking here.

About Contango Oil & Gas Company

Contango Oil & Gas Company is a Houston, Texas based, independent oil and natural gas company whose business is to maximize production and cash flow from its offshore properties in the shallow waters of the Gulf of Mexico and onshore properties in Texas, Oklahoma, Louisiana and Wyoming and, when determined appropriate, to use that cash flow to explore, develop, and increase production from its existing properties, to acquire additional PDP-heavy crude oil and natural gas properties or to pay down debt. Additional information is available on the Company’s website at http://contango.com. Information on our website is not part of this release.

ADDITIONAL INFORMATION AND WHERE TO FIND IT

This communication may be deemed to be solicitation material in respect of the proposed merger (the “Proposed Merger”). The Proposed Merger will be submitted to Contango’s shareholders and Mid-Con’s unitholders for their consideration. Contango and Mid-Con intend to file a preliminary consent statement/proxy statement/prospectus (the “Consent Statement/Proxy Statement/Prospectus”) with the Securities and Exchange Commission (the “SEC”) in connection with the Partnership Unitholder Approval and the Contango Shareholder Approval (each as defined in the Merger Agreement) in connection with the Proposed Merger. Contango intends to file a registration statement on Form S-4 (the “Form S-4”) with the SEC, in which the Consent Statement/Proxy Statement/Prospectus will be included as a prospectus. Contango and Mid-Con also intend to file other relevant documents with the SEC regarding the Proposed Merger. After the Form S-4 is declared effective by the SEC, the definitive Consent Statement/Proxy Statement/Prospectus will be mailed to Contango’s shareholders and Mid-Con’s unitholders. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION WITH RESPECT TO THE PROPOSED MERGER, INVESTORS AND SHAREHOLDERS OF CONTANGO AND INVESTORS AND UNITHOLDERS OF MID-CON ARE URGED TO READ THE DEFINITIVE CONSENT STATEMENT/PROXY STATEMENT/PROSPECTUS REGARDING THE PROPOSED MERGER (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND OTHER RELEVANT MATERIALS CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED MERGER.

The Consent Statement/Proxy Statement/Prospectus, any amendments or supplements thereto and other relevant materials, and any other documents filed by Contango or Mid-Con with the SEC, may be obtained once such documents are filed with the SEC free of charge at the SEC’s website at www.sec.gov or free of charge from Contango at www.contango.com or by directing a request to Contango’s Investor Relations Department at [email protected] or free of charge from Mid-Con at www.mceplp.com or by directing a request to Mid-Con’s Investor Relations Department at [email protected].

NO OFFER OR SOLICITATION

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

PARTICIPANTS IN THE SOLICITATION

Contango, Mid-Con and certain of their respective executive officers, directors, other members of management and employees may, under the rules of the SEC, be deemed to be “participants” in the solicitation of proxies in connection with the Mid-Con Acquisition. Information regarding Contango’s directors and executive officers is available in its Proxy Statement on Schedule 14A for its 2020 Annual Meeting of Shareholders, filed with the SEC on April 28, 2020 and in its Annual Report on Form 10-K for the year ended December 31, 2019, filed with the SEC on March 20, 2020. Information regarding Mid-Con’s directors and executive officers is available in its Annual Report on Form 10-K for the year ended December 31, 2019, filed with the SEC on March 12, 2020 and its Current Reports on Form 8-K, filed with the SEC on June 10, 2020 and August 6, 2020. These documents may be obtained free of charge from the sources indicated above. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the Form S-4, the Consent Statement/Proxy Statement/Prospectus and other relevant materials relating to the Mid-Con Acquisition to be filed with the SEC when they become available. Shareholders, unitholders, potential investors and other readers should read the Consent Statement/Proxy Statement/Prospectus carefully when it becomes available before making any voting or investment decisions.

Forward-Looking Statements and Cautionary Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on Contango’s current expectations and include statements regarding our estimates of future production and other guidance (including information regarding production, asset potential and cost reductions), the Company’s pending acquisition of the oil and gas properties and the timing and benefits therefrom, the Company’s pending acquisition of Mid-Con, the pro forma profile of the Company after giving effect to both acquisitions, the Company’s drilling program and capital expenditures, our liquidity and access to capital, expected reduction in overall drilling costs, the potential impact of the COVID-19 pandemic including reduced demand for oil and natural gas, the low and volatile commodity price environment, the impact of our derivative instruments, the accuracy and use of technical information and staff, the accuracy of our projections of future production, future results of operations, ability to identify and complete acquisitions and other strategic opportunities, ability to realize expected benefits of acquisitions the quality and nature of the asset base, our outlook in the current industry downturn, the assumptions upon which estimates are based (including those regarding assets we do not yet own), beliefs, plans, objectives, assumptions, strategies or statements about future events or performance. Words and phrases used to identify our forward-looking statements include terms such as “guidance”, “expects”, “projects”, “anticipates”, “believes”, “plans”, “estimates”, “potential”, “possible”, “probable”, “intends”, “forecasts”, “view”, “efforts”, “goal”, “positions” or words and phrases stating that certain actions, events or results “may”, “will”, “should”, or “could” be taken, occur or be achieved. Statements concerning oil and gas reserves also may be deemed to be forward-looking statements in that they reflect estimates based on certain assumptions that the resources involved can be economically exploited. Forward-looking statements 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 reflected in the statements. These risks include, but are not limited to: the risks of the oil and gas industry (for example, operational risks in exploring for, developing and producing crude oil and natural gas; risks and uncertainties involving geology of oil and gas deposits; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to future production, costs and expenses; potential delays or changes in plans with respect to exploration or development projects or capital expenditures; health, safety and environmental risks and risks related to weather such as hurricanes and other natural disasters); risks relating to the Company’s pending acquisitions of oil and gas properties and of Mid-Con, including the risk that the acquisitions will not be completed on the timeline or terms currently contemplated, that the businesses will not be integrated successfully, that the cost savings, synergies and growth from the acquisitions may not be fully realized or may take longer to realize than expected, and that management attention will be diverted to transaction-related issues; potential liability resulting from litigation related to the Mid-Con acquisition; the risk that transaction costs for the acquisitions may be higher than anticipated; the effect of our pending acquisitions (or announcement thereof) or financing thereof on our stock price or Mid-Con’s unit price; uncertainties as to the availability and cost of financing; our relationships with lenders; our ability to comply with financial covenants in our debt instruments, repay indebtedness and access new sources of indebtedness and/or provide additional liquidity for future capital expenditures; any reduction in our borrowing base and our ability to avoid or repay excess borrowings as a result of such reduction; our ability to execute on our strategy, including execution of acquisitions, any changes in our strategy or our fee for service offering; fluctuations in or sustained low commodity prices; availability and effect of storage of production; expected benefits of and risks associated with derivative positions; our ability to realize cost savings; our ability to execute on and realize expected value from acquisitions and to complete strategic dispositions of assets and realize the benefits of such dispositions; the need to take impairments on properties due to lower commodity prices; the limited trading volume of our common stock and general trading market volatility; outbreaks and pandemics, even outside our areas of operation, including COVID-19 and the resulting economic slowdown, governmental actions, stay-at-home orders, and other interruptions to our operations; the ability of our management team to execute its plans or to meet its goals; shortages of drilling equipment, oil field personnel and services; unavailability of gathering systems, pipelines and processing facilities; the possibility that government policies may change or governmental approvals may be delayed or withheld; and the other factors discussed in our reports filed or furnished with the SEC, including under the “Risk Factors” heading in our annual report on Form 10-K for the year ended December 31, 2019 and our quarterly reports on Form 10-Q filed with the SEC. Additional information on these and other factors, many of which may be unknown or unpredictable at this time, which could affect Contango’s operations or financial results are included in Contango’s reports on file with the SEC. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from the projections in the forward-looking statements. Forward-looking statements speak only as of the date they were made and are based on the estimates and opinions of management at the time the statements are made. Contango does not assume any obligation to update forward-looking statements should circumstances or management’s estimates or opinions change, except as required by law. Production rates are subject to decline over time and should not be regarded as reflective of sustained production levels. Pro forma information represents expectations based on current information and expected benefits of any transaction are not necessarily indicative of future or long-term results. Original oil in place, producing reserves, past production performance and PV-10 are not necessarily representative of future cash flows and production, which may be materially less. This release shall not constitute an offer to sell, or a solicitation of an offer to buy, any securities.

Contact:

Contango Oil & Gas Company
Farley Dakan – 817-502-6254
President

 



HEXO Corp to Participate in the Cowen 2020 Boston Cannabis Conference

OTTAWA, Nov. 30, 2020 (GLOBE NEWSWIRE) — HEXO Corp (“HEXO”, or the “Company”) (TSX: HEXO; NYSE: HEXO) today announced that the Company will participate in the Cowen 2020 Boston Cannabis Conference on Wednesday, December 2, 2020. Sebastien St. Louis, Chief Executive Officer, will present in the cannabis panel on Beverages, Beer and Beyond at 8:30 a.m. ET. For further details, please contact your Cowen representative.


About HEXO

HEXO Corp is an award-winning consumer packaged goods cannabis company that creates and distributes innovative products to serve the global cannabis market. The Company serves the Canadian adult-use markets under its HEXO Cannabis, Up Cannabis and Original Stash brands, and the medical market under HEXO medical cannabis. For more information please visit hexocorp.com.


Forward Looking Statements

This press release contains forward-looking information and forward-looking statements within the meaning of applicable securities laws (“forward-looking statements”). Forward-looking statements are based on certain expectations and assumptions and are subject to known and unknown risks and uncertainties and other factors that could cause actual events, results, performance and achievements to differ materially from those anticipated in these forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements as a result of new information or future events, or for any other reason.

Investor Relations:

[email protected]

www.hexocorp.com

Media Relations:

(819) 317-0526
[email protected]



K92 Mining Announces Latest High-Grade Drill Results at Kora, Including 9.80 m at 84.92 g/t AuEq

  • Drill Hole KMDD0261 records multiple intersections including 9.80 m at 84.92 g/t gold equivalent (“AuEq”) or 83.27 g/t Au, 10 g/t Ag and 1.03% Cu, extending a known high-grade area ~50 metres up-dip.

     
  • Drill Hole KMDD0262 records multiple intersections including 3.80 m at 36.23 g/t AuEq or 31.34 g/t Au, 83 g/t Ag and 2.63% Cu.

     
  • Drill Hole KMDD0229 records multiple intersections including 1.67 m at 31.15 g/t AuEq or 29.76 g/t Au, 8 g/t Ag and 0.87% Cu from our most southerly drill cuddy.

     
  • Drill Hole KMDD0259 records multiple intersections including 13.20 m at 25.20 g/t AuEq or 24.66 g/t Au, 7 g/t Ag and 0.30% Cu.

     
  • Drill Hole KMDD0233 records multiple intersections including 7.41 m at 21.88 g/t AuEq or 21.46 g/t Au, 7 g/t Ag and 0.23% Cu.

VANCOUVER, British Columbia, Nov. 30, 2020 (GLOBE NEWSWIRE) — K92 Mining Inc. (“K92” or the “Company”) (TSX-V: KNT; OTCQX: KNTNF) is pleased to announce results from the ongoing diamond drilling of the Kora deposit at the Kainantu gold mine in Papua New Guinea.

The results for the latest 28 diamond drill holes completed from underground into the Kora deposit are summarized in Table 1 below. The results continue to demonstrate the high-grade and continuity of Kora with intersections largely focused on increasing drill density to upgrade resources for the Stage 3 Expansion Feasibility Study in addition to some step-out drilling. All drill holes intersected mineralization.

The drilling results are highlighted by hole KMDD0261 which recorded multiple high-grade intersections including 9.80 m at 83.27 g/t Au, 10 g/t Ag and 1.03% Cu (84.92 g/t AuEq, 6.63 m true width) at the K1 Vein. KMDD0261 extended a known high-grade area approximately 50 metres up-dip. The high grade extension was also supported by proximal hole KMDD0259, located 25 metres south and 25 metres deeper, recording multiple intersections including 13.20 m at 24.66 g/t Au, 7 g/t Ag and 0.30% Cu (25.20 g/t AuEq, 9.52 m true width) at the K1 Vein.

Drilling to the south continued to intersect significant mineralization, highlighted by KMDD0229 recording multiple intersections including 1.67 m at 29.76 g/t Au, 8 g/t Ag and 0.87% Cu (31.15 g/t AuEq, 1.11 m true width) at the K1 Vein. KMDD0229 was drilled from the most southerly drill cuddy. On the K2 Vein, southerly drilling at KMDD0255 recorded multiple intersections including 10.40 m at 7.41 g/t Au, 37 g/t Ag and 2.97% Cu (12.26 g/t AuEq, 7.99 m true width).

The drill results once again intersected potentially bulk mineable zones from holes KMDD0257 and KMDD0247. KMDD0257 recorded multiple intersections including 26.34 m at 7.82 g/t Au, 4 g/t Ag and 0.16% Cu (8.11 g/t AuEq, 14.21 m true width) when combining the K1, Kora Link and K2 Veins. KMDD0247 recorded a bulk intersection of 12.60 m at 2.53 g/t Au, 35 g/t Ag and 3.01% Cu (7.42 g/t AuEq, 10.17 m true width) when combining the K1, Kora Link and K2 Veins. Opportunities for higher productivity, bulk mineable areas continue to be assessed for the Stage 3 Expansion Definitive Feasibility Study.

Other high-grade intersection highlights were: KMDD0262 and KMDD0233. KMDD0262, recorded multiple intersections, including 3.80 m at 31.34 g/t Au, 83 g/t Ag and 2.63% Cu (36.23 g/t AuEq, 2.62 m true width) at the K1 Vein. KMDD0233 recorded multiple intersections including 7.41 m at 21.46 g/t Au, 7 g/t Ag and 0.23% Cu (21.88 g/t AuEq, 7.25 m true width) at the K1 Vein.

Long sections of K1 and K2 showing the location of the latest drill holes are provided in Figures 1 and 2, respectively.  Long section showing Kora drilling to date is provided in Figure 3. A core photograph of drill hole KMDD0261 is provided in Figure 4.


(Gold Equivalent (AuEq) is calculated using copper price of US$3.05/lb, silver price of US$16.05/oz and gold price of US$1,400/oz.)

John Lewins, K92 Chief Executive Officer and Director, stated, “The recent drilling results at Kora continue to demonstrate the high-grade pedigree and continuity of the vein system. All twenty-eight holes intersected mineralization, with 18 intersections exceeding +10 g/t AuEq and 29 intersections exceeding +5g/t AuEq. The drill results are highlighted by hole KMDD0261, extending a known high-grade area approximately 50 metres up-dip along the K1 Vein, recording an intersection of 9.80 m at 83.27 g/t Au, 10 g/t Ag and 1.03% Cu (84.92 g/t AuEq, 6.63 m true width). Importantly, this high-grade up-dip extension was supported by proximal hole KMDD0259 reporting 13.20 m at 24.66 g/t Au, 7 g/t Ag and 0.30% Cu (25.20 g/t AuEq, 9.52 m true width) on the K1 Vein.

Drilling to the south continues to remain very encouraging with hole KMDD0229 recording 1.67 m at 29.76 g/t Au, 8 g/t Ag and 0.87% Cu (31.15 g/t AuEq, 1.11 m true width) at the K1 Vein from our most southerly cuddy. We are also on the cusp of completing our first drill cuddy at Kora South, which is beyond the southern boundary of the mining lease and targeting drilling before year-end.

Lastly, we are pleased to announce the arrival of our tenth drill rig on site. Over the last twelve months, our drill rig fleet has doubled. We intend to continue to add drill rigs through 2021, with our eleventh drill rig scheduled to arrive in Q1. Drilling is underway at Kora, Karempe and Judd epithermal vein systems and the Blue Lake porphyry.”

Table 1 –
Kainantu Gold Mine –
Significant Intercepts from Diamond Drilling

Hole_id From (m) To (m) Interval
(m)
True width
(m)
Gold g/t Silver g/t Copper % Gold
equivalent
Lode
KMDD0229 127.83 129.50 1.67 1.11 29.76 8 0.87 31.15 K1
including 127.83 128.50 0.67 0.44 0.90 1 0.11 1.07  
including 128.50 129.50 1.00 0.66 49.10 13 1.37 51.30  
KMDD0229 139.70 151.40 11.70 7.89 0.55 28 1.91 3.73 K2
including 139.70 140.70 1.00 0.67 0.03 10 1.02 1.67  
including 140.70 143.40 2.70 1.82 0.90 40 4.74 8.44  
including 143.40 145.00 1.60 1.08 0.66 31 1.10 2.66  
including 145.00 146.60 1.60 1.08 0.83 24 1.00 2.60  
including 146.60 147.60 1.00 0.67 0.78 16 0.46 1.65  
including 147.60 149.00 1.40 0.94 0.22 22 2.23 3.80  
including 149.00 150.19 1.19 0.80 0.09 3 0.34 0.63  
including 150.19 151.40 1.21 0.82 0.34 62 1.01 2.56  
KMDD0229 159.00 161.14 2.14 1.44 1.27 12 0.34 1.91 K2HW
Including 159.00 159.91 0.91 0.61 0.47 4 0.11 0.68  
Including 159.91 161.14 1.23 0.83 1.86 18 0.51 2.83  
KMDD0233 70.69 78.10 7.41 7.25 21.46 7 0.23 21.88 K1
including 70.69 72.14 1.45 1.42 91.50 17 0.43 92.33  
including 72.14 73.00 0.86 0.84 0.72 1 0.02 0.76  
including 73.00 74.31 1.31 1.28 0.13 1 0.02 0.17  
including 74.31 75.52 1.21 1.18 14.80 1 0.04 14.87  
including 75.52 76.53 1.01 0.99 0.99 1 0.03 1.04  
including 76.53 78.10 1.57 1.54 4.24 14 0.61 5.31  
KMDD0233 125.80 130.70 4.90 4.82 6.96 18 0.52 7.95 K2
including 125.80 127.00 1.20 1.18 6.31 13 0.48 7.18  
including 127.00 127.50 0.50 0.49 22.60 28 1.13 24.61  
including 127.50 128.90 1.40 1.38 8.78 37 0.92 10.58  
including 128.90 130.00 1.10 1.08 2.01 7 0.11 2.25  
including 130.00 130.70 0.70 0.69 1.01 2 0.02 1.07  
KMDD0233 133.05 135.50 2.45 2.41 2.44 43 2.54 6.72 K2HW
including 133.05 134.00 0.95 0.93 2.49 26 0.21 3.09  
including 134.00 134.55 0.55 0.54 0.25 6 0.10 0.47  
including 134.55 135.50 0.95 0.93 3.65 81 6.28 13.96  
KMDD0237 75.25 85.90 10.65 9.16 4.08 7 0.16 4.39 K1
including 75.25 76.45 1.20 1.03 9.70 4 0.16 9.98  
including 76.45 77.85 1.40 1.20 1.02 2 0.03 1.09  
including 77.85 78.55 0.70 0.60 0.86 1 0.01 0.89  
including 78.55 79.50 0.95 0.82 1.05 1 0.05 1.13  
including 79.50 80.30 0.80 0.69 0.19 4 0.24 0.59  
including 80.30 80.60 0.30 0.26 21.50 4 0.20 21.85  
including 80.60 81.40 0.80 0.69 1.02 1 0.01 1.05  
including 81.40 81.80 0.40 0.34 15.34 3 0.31 15.84  
including 81.80 82.30 0.50 0.43 1.92 6 0.39 2.57  
including 82.30 82.70 0.40 0.34 1.67 4 0.07 1.82  
including 82.70 85.90 3.20 2.75 4.24 16 0.24 4.78  
KMDD0237 128.80 131.60 2.80 2.33 0.82 13 1.41 3.07 K2
including 128.80 129.00 0.20 0.17 0.25 17 3.16 5.17  
including 129.00 129.63 0.63 0.52 0.43 2 0.02 0.49  
including 129.63 130.10 0.47 0.39 0.29 4 0.13 0.53  
including 130.10 130.55 0.45 0.37 0.18 5 0.17 0.50  
including 130.55 130.85 0.30 0.25 3.66 76 7.05 15.06  
including 130.85 131.60 0.75 0.62 0.87 8 1.39 3.03  
KMDD0237 146.20 154.40 8.20 6.82 1.25 10 0.62 2.28 K2HW
including 146.20 147.00 0.80 0.67 4.95 32 2.53 9.10  
including 147.00 147.90 0.90 0.75 0.08 4 0.10 0.27  
including 147.90 148.10 0.20 0.17 4.35 15 0.72 5.60  
including 148.10 149.00 0.90 0.75 0.44 5 0.13 0.70  
including 149.00 150.00 1.00 0.83 1.62 3 0.01 1.67  
including 150.00 150.70 0.70 0.58 0.15 2 0.06 0.27  
including 150.70 151.90 1.20 1.00 0.22 4 0.13 0.45  
including 151.90 153.00 1.10 0.92 0.47 14 0.94 2.03  
including 153.00 153.35 0.35 0.29 2.95 27 2.23 6.59  
including 153.35 154.40 1.05 0.87 1.34 8 0.64 2.38  
KMDD0242 81.00 87.10 6.10 3.86 3.64 3 0.15 3.89 K1
including 81.00 81.50 0.50 0.32 16.60 3 0.13 16.82  
including 81.50 82.00 0.50 0.32 2.41 2 0.24 2.79  
including 82.00 83.00 1.00 0.63 0.44 2 0.14 0.66  
including 83.00 84.00 1.00 0.63 0.37 5 0.31 0.89  
including 84.00 85.50 1.50 0.95 2.15 3 0.14 2.39  
including 85.50 86.10 0.60 0.38 0.09 1 0.02 0.13  
including 86.10 86.70 0.60 0.38 12.40 1 0.05 12.48  
including 86.70 87.10 0.40 0.25 2.86 2 0.07 2.99  
KMDD0242 88.00 95.00 7.00 4.38 1.05 11 0.31 1.64 K2
including 88.00 89.30 1.30 0.81 1.63 12 0.22 2.10  
including 89.30 90.00 0.70 0.44 0.78 14 0.55 1.76  
including 90.00 91.00 1.00 0.63 0.86 12 0.34 1.50  
including 91.00 92.00 1.00 0.63 0.89 12 0.37 1.58  
including 92.00 93.00 1.00 0.63 0.91 8 0.29 1.44  
including 93.00 94.00 1.00 0.63 1.12 12 0.40 1.85  
including 94.00 95.00 1.00 0.63 0.90 5 0.13 1.15  
KMDD0242 120.00 122.50 2.50 1.56 0.79 12 1.71 3.48 K2HW
including 120.00 121.00 1.00 0.63 1.38 18 1.16 3.32  
including 121.00 121.90 0.90 0.56 0.20 4 0.29 0.68  
including 121.90 122.50 0.60 0.38 0.69 16 4.74 7.95  
KMDD0244 55.70 61.10 5.40 4.78 8.09 3 0.20 8.43 K1
including 55.70 56.50 0.80 0.71 51.00 4 0.51 51.81  
including 56.50 57.30 0.80 0.71 0.42 3 0.15 0.68  
including 57.30 58.30 1.00 0.89 0.01 2 0.01 0.04  
including 58.30 59.07 0.77 0.68 0.04 3 0.20 0.37  
including 59.07 60.00 0.93 0.82 0.05 2 0.25 0.45  
including 60.00 60.70 0.70 0.62 0.25 2 0.06 0.37  
including 60.70 61.10 0.40 0.35 5.76 6 0.31 6.29  
KMDD0244 66.10 79.00 12.90 10.99 12.02 24 1.04 13.85 K2
including 66.10 66.94 0.84 0.72 2.17 3 0.33 2.69  
including 66.94 67.88 0.94 0.80 30.90 10 0.19 31.30  
including 67.88 68.40 0.52 0.44 0.46 2 0.02 0.51  
including 68.40 68.90 0.50 0.43 57.20 61 0.16 58.14  
including 68.90 69.20 0.30 0.26 4.16 21 2.29 7.82  
including 69.20 69.50 0.30 0.26 1.65 11 0.33 2.28  
including 69.50 70.10 0.60 0.51 15.00 108 4.61 23.12  
including 70.10 70.70 0.60 0.51 44.50 63 6.95 55.60  
including 70.70 72.00 1.30 1.11 0.83 22 0.85 2.36  
including 72.00 72.65 0.65 0.55 1.73 15 0.29 2.34  
including 72.65 73.90 1.25 1.07 13.70 38 0.77 15.29  
including 73.90 74.80 0.90 0.77 1.86 13 0.83 3.25  
including 74.80 75.40 0.60 0.51 16.10 18 0.11 16.48  
including 75.40 76.00 0.60 0.51 6.63 3 0.08 6.79  
including 76.00 76.70 0.70 0.60 2.63 28 1.59 5.32  
including 76.70 77.00 0.30 0.26 0.95 2 0.02 1.01  
including 77.00 77.37 0.37 0.32 0.21 6 0.57 1.12  
including 77.37 78.30 0.93 0.79 20.80 20 0.67 22.03  
including 78.30 79.00 0.70 0.60 2.41 11 0.11 2.70  
KMDD0244 85.85 87.60 1.75 1.49 1.23 13 1.76 4.00 K2HW
including 85.85 86.10 0.25 0.21 7.82 40 5.19 16.03  
including 86.10 86.45 0.35 0.30 0.08 13 1.41 2.34  
including 86.45 87.20 0.75 0.64 0.08 4 0.41 0.74  
including 87.20 87.60 0.40 0.34 0.27 11 2.44 4.04  
KMDD0239 73.60 76.05 2.45 1.90 10.45 6 0.58 11.39 K1
including 73.60 74.10 0.50 0.39 0.17 2 0.61 1.11  
including 74.10 74.40 0.30 0.23 78.20 16 1.07 79.99  
including 74.40 75.40 1.00 0.78 1.52 3 0.12 1.74  
including 75.40 76.05 0.65 0.50 0.83 10 1.03 2.48  
KMDD0239 86.00 100.60 14.60 11.18 3.44 16 0.45 4.30 K2
including 86.00 86.50 0.50 0.38 1.41 5 0.05 1.54  
including 86.50 87.60 1.10 0.84 5.05 6 0.29 5.56  
including 87.60 88.80 1.20 0.92 1.43 4 0.64 2.44  
including 88.80 89.60 0.80 0.61 8.47 75 0.58 10.19  
including 89.60 90.60 1.00 0.77 0.50 4 0.08 0.66  
including 90.60 91.60 1.00 0.77 7.07 6 0.20 7.44  
including 91.60 92.35 0.75 0.57 4.37 4 0.19 4.70  
including 92.35 92.90 0.55 0.42 0.52 7 0.51 1.36  
including 92.90 94.00 1.10 0.84 0.15 2 0.36 0.71  
including 94.00 95.00 1.00 0.77 0.32 4 0.48 1.08  
including 95.00 95.40 0.40 0.31 1.36 5 0.49 2.14  
including 95.40 96.40 1.00 0.77 7.78 23 1.13 9.73  
including 96.40 97.00 0.60 0.46 0.68 6 0.58 1.62  
including 97.00 98.00 1.00 0.77 0.19 4 0.25 0.61  
including 98.00 98.58 0.58 0.44 2.58 43 1.09 4.70  
including 98.58 99.60 1.02 0.78 2.96 33 0.58 4.20  
including 99.60 100.60 1.00 0.77 10.40 49 0.31 11.42  
KMDD0241 63.90 72.30 8.40 6.86 9.57 5 0.62 10.55 K1
including 63.90 64.35 0.45 0.37 1.02 4 0.58 1.93  
including 64.35 65.00 0.65 0.53 21.80 7 0.43 22.52  
including 65.00 65.60 0.60 0.49 62.50 9 0.14 62.82  
including 65.60 66.60 1.00 0.82 0.57 2 0.03 0.64  
including 66.60 67.40 0.80 0.65 1.86 4 0.22 2.23  
including 67.40 68.00 0.60 0.49 2.38 2 0.09 2.53  
including 68.00 68.30 0.30 0.24 3.97 3 0.25 4.38  
including 68.30 69.85 1.55 1.27 0.77 4 0.57 1.67  
including 69.85 70.90 1.05 0.86 0.68 6 0.80 1.94  
including 70.90 71.70 0.80 0.65 25.70 8 1.37 27.83  
including 71.70 72.30 0.60 0.49 1.85 3 2.43 5.51  
KMDD0241 74.90 75.65 0.75 0.56 0.87 6 1.42 3.06 KL
including 74.90 75.40 0.50 0.37 0.25 2 0.52 1.05  
including 75.40 75.65 0.25 0.19 2.12 14 3.22 7.09  
KMDD0241 79.10 96.00 16.90 13.69 1.17 8 0.96 2.69 K2
including 79.10 81.40 2.30 1.86 1.41 4 0.83 2.69  
including 81.40 82.50 1.10 0.89 1.45 16 2.75 5.74  
including 82.50 83.15 0.65 0.53 0.31 2 0.28 0.76  
including 83.15 84.00 0.85 0.69 0.21 1 0.10 0.36  
including 84.00 85.00 1.00 0.81 0.01 4 0.37 0.60  
including 85.00 87.05 2.05 1.66 0.83 1 0.19 1.13  
including 87.05 88.30 1.25 1.01 3.53 30 6.74 13.94  
including 88.30 89.00 0.70 0.57 0.41 1 0.16 0.66  
including 89.00 90.00 1.00 0.81 0.22 2 0.22 0.57  
including 90.00 91.30 1.30 1.05 0.05 1 0.07 0.16  
including 91.30 91.85 0.55 0.45 6.48 2 0.20 6.81  
including 91.85 93.00 1.15 0.93 0.20 1 0.05 0.28  
including 93.00 94.75 1.75 1.42 0.63 25 0.61 1.82  
including 94.75 96.00 1.25 1.01 2.31 12 0.13 2.64  
KMDD0241 100.00 102.20 2.20 1.78 8.31 22 1.59 10.94 K2HW
including 100.00 101.10 1.10 0.89 0.14 1 0.17 0.40  
including 101.10 101.70 0.60 0.49 30.20 76 5.25 38.91  
including 101.70 102.20 0.50 0.41 0.03 3 0.34 0.57  
KMDD0246 64.00 68.55 4.55 3.53 8.46 14 2.68 12.61 K1
including 64.00 65.35 1.35 1.05 19.12 13 0.46 19.96  
including 65.35 66.80 1.45 1.13 7.88 26 3.53 13.45  
including 66.80 67.60 0.80 0.62 0.40 3 0.31 0.90  
including 67.60 68.15 0.55 0.43 1.48 5 6.81 11.71  
including 68.15 68.55 0.40 0.31 0.31 4 6.09 9.45  
KMDD0246 72.00 84.40 12.40 9.96 9.65 26 0.72 11.03 K2
including 72.00 72.80 0.80 0.64 3.23 16 0.26 3.81  
including 72.80 73.55 0.75 0.60 93.00 121 0.43 95.03  
including 73.55 74.00 0.45 0.36 0.65 5 0.22 1.04  
including 74.00 75.30 1.30 1.04 23.10 44 2.52 27.37  
including 75.30 76.90 1.60 1.29 0.26 5 0.30 0.77  
including 76.90 78.00 1.10 0.88 1.56 24 2.17 5.08  
including 78.00 79.00 1.00 0.80 2.86 15 0.55 3.85  
including 79.00 80.10 1.10 0.88 1.65 15 0.30 2.28  
including 80.10 82.00 1.90 1.53 1.04 13 0.07 1.29  
including 82.00 83.50 1.50 1.20 1.66 17 0.41 2.47  
including 83.50 84.40 0.90 0.72 6.39 48 0.59 7.83  
KMDD0248 84.30 89.65 5.35 3.32 2.44 10 0.43 3.19 K1
including 84.30 84.65 0.35 0.22 3.12 4 0.29 3.60  
including 84.65 86.00 1.35 0.84 0.14 2 0.10 0.32  
including 86.00 87.00 1.00 0.62 0.05 1 0.04 0.12  
including 87.00 87.70 0.70 0.43 0.48 7 0.38 1.12  
including 87.70 88.39 0.69 0.43 3.29 34 1.62 6.10  
including 88.39 89.30 0.91 0.57 0.36 4 0.27 0.80  
including 89.30 89.65 0.35 0.22 25.10 41 1.13 27.26  
KMDD0248 92.70 106.10 13.40 8.33 9.20 15 1.52 11.65 K2
including 92.70 93.25 0.55 0.34 84.10 16 0.16 84.53  
including 93.25 94.00 0.75 0.47 0.55 2 0.37 1.12  
including 94.00 95.45 1.45 0.90 0.13 2 0.02 0.18  
including 95.45 96.00 0.55 0.34 1.69 17 3.57 7.22  
including 96.00 96.50 0.50 0.31 9.33 83 11.34 27.22  
including 96.50 97.00 0.50 0.31 4.05 34 4.65 11.39  
including 97.00 97.40 0.40 0.25 10.18 82 16.24 35.38  
including 97.40 98.00 0.60 0.37 1.40 6 0.15 1.69  
including 98.00 99.00 1.00 0.62 1.49 10 0.06 1.70  
including 99.00 99.80 0.80 0.50 0.57 7 0.29 1.08  
including 99.80 100.60 0.80 0.50 0.18 2 0.03 0.25  
including 100.60 101.00 0.40 0.25 1.04 62 4.26 8.11  
including 101.00 101.35 0.35 0.22 0.48 6 0.23 0.89  
including 101.35 103.00 1.65 1.03 5.41 2 0.03 5.48  
including 103.00 104.50 1.50 0.93 23.90 3 0.04 24.00  
including 104.50 104.80 0.30 0.19 0.07 5 0.23 0.47  
including 104.80 105.10 0.30 0.19 0.20 3 0.18 0.50  
including 105.10 106.10 1.00 0.62 16.42 27 1.15 18.44  
KMDD0248 110.00 110.80 0.80 0.50 1.14 12 0.23 1.63  
KMDD0248 115.00 116.00 1.00 0.62 4.67 2 0.08 4.82  
KMDD0250 59.80 72.50 12.70 10.81 4.51 4 0.58 5.43 K1
including 59.80 60.70 0.90 0.77 5.45 3 0.24 5.85  
including 60.70 62.70 2.00 1.71 9.28 7 0.80 10.55  
including 62.70 63.15 0.45 0.38 15.89 3 0.64 16.88  
including 63.15 64.60 1.45 1.24 0.52 1 0.15 0.75  
including 64.60 65.50 0.90 0.77 0.10 1 0.06 0.20  
including 65.50 66.70 1.20 1.02 0.03 1 0.02 0.07  
including 66.70 68.40 1.70 1.45 0.26 2 0.12 0.47  
including 68.40 69.80 1.40 1.19 14.08 2 0.29 14.54  
including 69.80 70.50 0.70 0.60 1.20 1 0.07 1.32  
including 70.50 71.20 0.70 0.60 3.98 17 4.45 10.83  
including 71.20 72.50 1.30 1.11 1.48 14 0.94 3.05  
KMDD0250 77.00 85.60 8.60 7.31 1.69 25 1.22 3.80 K2
including 77.00 78.80 1.80 1.53 0.93 11 0.61 1.97  
including 78.80 80.00 1.20 1.02 0.68 27 1.68 3.50  
including 80.00 81.00 1.00 0.85 0.05 1 0.02 0.09  
including 81.00 82.50 1.50 1.28 0.06 1 0.02 0.10  
including 82.50 83.40 0.90 0.77 0.81 31 0.67 2.16  
including 83.40 84.70 1.30 1.11 8.02 72 4.29 15.25  
including 84.70 85.00 0.30 0.26 0.58 23 0.53 1.64  
including 85.00 85.60 0.60 0.51 0.98 52 1.69 4.11  
KMDD0231A 199.20 203.62 4.42 1.75 0.77 13 1.68 3.43 K1
including 199.20 200.40 1.20 0.47 0.89 14 3.93 6.92  
including 200.40 201.50 1.10 0.43 0.63 13 1.04 2.33  
including 201.50 202.70 1.20 0.47 0.45 14 0.80 1.81  
including 202.70 203.62 0.92 0.36 1.22 9 0.66 2.32  
KMDD0231A 227.00 233.40 6.40 2.17 0.56 9 0.51 1.42 K2
including 227.00 228.00 1.00 0.34 3.06 22 1.48 5.52  
including 228.00 229.00 1.00 0.34 0.01 3 0.06 0.14  
including 229.00 230.00 1.00 0.34 0.17 2 0.05 0.26  
including 230.00 231.00 1.00 0.34 0.01 1 0.01 0.03  
including 231.00 232.00 1.00 0.34 0.01 1 0.01 0.03  
including 232.00 233.40 1.40 0.47 0.22 22 1.17 2.22  
KMDD0235 32.00 33.23 1.23 0.39 1.31 1 0.00 1.33  
KMDD0247 67.55 68.20 0.65 0.52 3.46 29 0.20 4.10  
KMDD0247 69.40 73.40 4.00 3.18 4.55 64 4.61 12.17 K1
including 69.40 70.20 0.80 0.64 10.31 26 2.63 14.54  
including 70.20 70.70 0.50 0.40 1.76 187 8.24 16.21  
including 70.70 71.50 0.80 0.64 1.01 24 2.24 4.63  
including 71.50 72.10 0.60 0.48 0.58 25 6.04 9.89  
including 72.10 72.40 0.30 0.24 8.97 321 15.14 35.27  
including 72.40 73.40 1.00 0.80 5.22 12 2.27 8.75  
KMDD0247 74.75 75.95 1.20 0.99 2.91 66 0.22 3.99 KL
including 74.75 75.30 0.55 0.45 3.02 135 0.09 4.71  
including 75.30 75.95 0.65 0.54 2.82 7 0.32 3.38  
KMDD0247 77.50 82.00 4.50 3.65 2.25 23 4.26 8.88 K2
including 77.50 78.38 0.88 0.71 5.83 23 2.76 10.22  
including 78.38 78.75 0.37 0.30 1.01 24 1.36 3.32  
including 78.75 79.40 0.65 0.53 1.61 36 3.98 7.97  
including 79.40 80.00 0.60 0.49 0.59 16 10.33 16.21  
including 80.00 80.90 0.90 0.73 0.42 17 1.01 2.13  
including 80.90 82.00 1.10 0.89 2.60 24 5.94 11.74  
KMDD0247 84.00 85.00 1.00 0.81 1.01 13 1.86 3.94  
KMDD0243 66.30 74.20 7.90 6.58 2.15 10 1.71 4.82 K1
including 66.30 67.70 1.40 1.17 4.03 13 0.34 4.69  
including 67.70 68.40 0.70 0.58 0.87 18 2.59 4.95  
including 68.40 69.60 1.20 1.00 6.11 21 5.56 14.66  
including 69.60 70.40 0.80 0.67 0.84 4 0.64 1.84  
including 70.40 71.70 1.30 1.08 1.29 6 1.53 3.65  
including 71.70 72.60 0.90 0.75 0.15 4 0.65 1.17  
including 72.60 73.15 0.55 0.46 1.41 6 0.68 2.49  
including 73.15 74.20 1.05 0.87 0.13 5 1.05 1.75  
KMDD0243 78.90 86.40 7.50 6.23 1.87 15 1.63 4.47 K2
including 78.90 81.60 2.70 2.24 1.91 20 1.11 3.80  
including 81.60 82.90 1.30 1.08 2.78 18 1.31 4.94  
including 82.90 84.00 1.10 0.91 0.58 10 0.91 2.05  
including 84.00 86.40 2.40 1.99 1.92 10 2.71 6.08  
KMDD0243 96.50 99.00 2.50 2.08 2.17 89 0.19 3.47 K2HW
including 96.50 97.50 1.00 0.83 2.04 19 0.07 2.36  
including 97.50 99.00 1.50 1.25 2.25 136 0.27 4.22  
KMDD0252 67.40 68.00 0.60 0.42 1.47 4 0.25 1.89  
KMDD0252 69.00 81.70 12.70 8.91 10.52 13 0.80 11.86 K1
including 69.00 70.25 1.25 0.88 5.69 7 0.52 6.55  
including 70.25 71.20 0.95 0.67 6.31 12 1.39 8.52  
including 71.20 72.00 0.80 0.56 2.49 6 0.11 2.73  
including 72.00 72.50 0.50 0.35 0.23 6 0.65 1.27  
including 72.50 72.80 0.30 0.21 0.11 3 0.16 0.38  
including 72.80 74.50 1.70 1.19 0.11 3 0.30 0.59  
including 74.50 75.50 1.00 0.70 55.03 26 1.04 56.88  
including 75.50 76.00 0.50 0.35 0.54 4 0.26 0.98  
including 76.00 77.10 1.10 0.77 0.01 6 0.34 0.59  
including 77.10 77.70 0.60 0.42 22.92 34 3.19 28.07  
including 77.70 78.50 0.80 0.56 0.15 8 1.35 2.25  
including 78.50 80.40 1.90 1.33 0.07 1 0.02 0.12  
including 80.40 81.70 1.30 0.91 37.54 51 2.02 41.15  
KMDD0252 81.70 82.40 0.70 0.49 1.04 1 0.07 1.16  
KMDD0252 90.20 90.60 0.40 0.28 1.03 3 0.23 1.40  
KMDD0252 91.70 103.00 11.30 7.90 2.10 38 1.63 4.97 K2
including 91.70 92.50 0.80 0.56 0.35 28 2.18 3.92  
including 92.50 93.00 0.50 0.35 0.10 7 0.55 1.00  
including 93.00 94.00 1.00 0.70 0.09 14 1.06 1.83  
including 94.00 94.70 0.70 0.49 17.50 74 3.32 23.31  
including 94.70 95.50 0.80 0.56 1.51 48 0.81 3.26  
including 95.50 96.80 1.30 0.91 5.11 99 0.15 6.47  
including 96.80 97.50 0.70 0.49 1.49 92 3.23 7.37  
including 97.50 98.00 0.50 0.35 0.19 6 0.31 0.73  
including 98.00 99.32 1.32 0.92 0.17 5 0.23 0.57  
including 99.32 100.30 0.98 0.69 0.60 15 0.46 1.45  
including 100.30 101.50 1.20 0.84 0.50 47 6.04 10.07  
including 101.50 102.00 0.50 0.35 0.41 9 0.69 1.55  
including 102.00 103.00 1.00 0.70 0.51 17 1.41 2.81  
KMDD0245 127.00 140.00 13.00 5.32 7.38 8 0.31 7.93 K1
including 127.00 127.57 0.57 0.23 19.27 12 0.20 19.71  
including 127.57 128.81 1.24 0.51 28.03 42 2.13 31.69  
including 128.81 129.12 0.31 0.13 12.45 4 0.07 12.60  
including 129.12 130.50 1.38 0.56 16.31 8 0.14 16.61  
including 130.50 131.94 1.44 0.59 2.58 6 0.05 2.73  
including 131.94 133.00 1.06 0.43 1.25 3 0.24 1.64  
including 133.00 134.85 1.85 0.76 0.55 2 0.02 0.60  
including 134.85 135.80 0.95 0.39 9.17 3 0.05 9.29  
including 135.80 137.00 1.20 0.49 0.32 1 0.01 0.35  
including 137.00 138.05 1.05 0.43 0.46 1 0.01 0.48  
including 138.05 139.00 0.95 0.39 5.20 2 0.01 5.24  
including 139.00 140.00 1.00 0.41 3.22 8 0.63 4.26  
KMDD0245 147.30 150.79 3.49 1.39 2.42 4 0.11 2.63 K2
including 147.30 148.00 0.70 0.28 4.89 10 0.13 5.20  
including 148.00 149.00 1.00 0.40 2.58 6 0.12 2.82  
including 149.00 150.79 1.79 0.71 1.36 1 0.10 1.52  
KMDD0251 26.00 27.20 1.20 0.91 4.82 1 0.07 4.94  
KMDD0251 87.64 92.77 5.13 3.49 7.26 10 1.22 9.20 K1
including 87.64 89.00 1.36 1.03 1.97 7 1.28 3.96  
including 89.00 90.00 1.00 0.75 2.33 10 0.48 3.15  
including 90.00 92.27 2.27 1.71 12.60 12 1.51 15.00  
including 92.27 92.77 0.50 0.38 0.25 3 0.06 0.37  
KMDD0251 96.44 104.00 7.56 5.43 1.94 16 1.75 4.73 K2
including 96.44 97.69 1.25 0.90 8.25 27 2.14 11.76  
including 97.69 98.52 0.83 0.60 0.22 7 0.62 1.23  
including 98.52 100.18 1.66 1.19 1.49 21 4.06 7.80  
including 100.18 101.00 0.82 0.59 0.34 6 2.45 4.07  
including 101.00 102.60 1.60 1.15 0.21 3 0.09 0.37  
including 102.60 104.00 1.40 1.01 0.79 24 0.81 2.28  
KMDD0253 49.00 49.50 0.50 0.34 2.71 5 0.21 3.07  
KMDD0253 91.00 97.50 6.50 4.38 0.43 7 0.28 0.93 K1
including 91.00 92.00 1.00 0.67 0.53 2 0.02 0.58  
including 92.00 92.50 0.50 0.34 0.31 2 0.02 0.37  
including 92.50 93.25 0.75 0.51 0.07 2 0.02 0.12  
including 93.25 94.10 0.85 0.57 0.76 17 1.14 2.65  
including 94.10 95.00 0.90 0.61 0.06 4 0.12 0.28  
including 95.00 96.50 1.50 1.01 0.03 3 0.04 0.13  
including 96.50 97.50 1.00 0.67 1.34 18 0.64 2.50  
KMDD0253 100.00 115.00 15.00 10.23 5.01 17 1.40 7.29 K2
including 100.00 100.60 0.60 0.41 1.62 3 0.03 1.70  
including 100.60 101.40 0.80 0.55 3.46 12 0.51 4.36  
including 101.40 102.20 0.80 0.55 3.20 12 0.38 3.91  
including 102.20 103.00 0.80 0.55 0.08 2 0.02 0.13  
including 103.00 104.00 1.00 0.68 1.38 8 0.11 1.63  
including 104.00 104.90 0.90 0.61 3.01 2 0.03 3.08  
including 104.90 105.50 0.60 0.41 0.40 17 0.68 1.61  
including 105.50 106.10 0.60 0.41 3.88 11 0.37 4.57  
including 106.10 106.70 0.60 0.41 0.46 11 0.96 2.02  
including 106.70 107.30 0.60 0.41 0.28 60 3.95 6.87  
including 107.30 108.10 0.80 0.55 4.12 9 0.46 4.91  
including 108.10 109.40 1.30 0.89 17.90 34 2.63 22.22  
including 109.40 110.40 1.00 0.68 3.57 23 2.56 7.66  
including 110.40 111.00 0.60 0.41 12.70 18 3.69 18.42  
including 111.00 111.70 0.70 0.48 2.39 21 3.35 7.64  
including 111.70 113.00 1.30 0.89 11.70 30 2.82 16.26  
including 113.00 114.00 1.00 0.68 2.38 8 1.07 4.07  
including 114.00 115.00 1.00 0.68 4.60 16 0.88 6.10  
KMDD0249 96.37 106.00 9.63 5.18 15.05 4 0.10 15.23 K1
including 96.37 96.72 0.35 0.19 24.60 11 0.26 25.12  
including 96.72 97.50 0.78 0.42 0.27 1 0.01 0.29  
including 97.50 98.47 0.97 0.52 71.30 4 0.14 71.56  
including 98.47 99.62 1.15 0.62 45.30 11 0.15 45.64  
including 99.62 101.50 1.88 1.01 0.69 2 0.03 0.76  
including 101.50 102.49 0.99 0.53 9.05 2 0.04 9.13  
including 102.49 103.76 1.27 0.68 2.16 2 0.03 2.23  
including 103.76 104.81 1.05 0.56 0.40 2 0.15 0.64  
including 104.81 106.00 1.19 0.64 1.19 3 0.19 1.50  
KMDD0249 108.00 109.00 1.00 0.64 4.61 1 0.01 4.63  
KMDD0249 113.20 123.00 9.80 6.25 2.52 18 0.42 3.34 K2
including 113.20 114.40 1.20 0.77 1.98 37 1.04 3.95  
including 114.40 115.70 1.30 0.83 4.55 43 1.14 6.74  
including 115.70 117.00 1.30 0.83 0.22 5 0.12 0.45  
including 117.00 118.00 1.00 0.64 0.40 3 0.05 0.51  
including 118.00 119.00 1.00 0.64 0.02 3 0.05 0.12  
including 119.00 121.00 2.00 1.28 1.65 4 0.04 1.76  
including 121.00 122.00 1.00 0.64 11.10 37 0.68 12.54  
including 122.00 123.00 1.00 0.64 1.31 14 0.33 1.96  
KMDD0255 85.80 96.20 10.40 7.99 7.41 37 2.97 12.26 K2
including 85.80 86.50 0.70 0.58 8.84 23 0.92 10.47  
including 86.50 87.60 1.10 0.92 16.90 10 0.56 17.85  
including 87.60 88.30 0.70 0.58 26.10 32 8.53 39.21  
including 88.30 88.80 0.50 0.42 10.60 25 7.62 22.27  
including 88.80 89.30 0.50 0.42 1.56 8 0.51 2.42  
including 89.30 89.60 0.30 0.25 0.85 13 1.17 2.75  
including 89.60 90.20 0.60 0.50 1.21 37 3.84 7.37  
including 90.20 90.80 0.60 0.50 5.02 39 3.64 10.90  
including 90.80 91.30 0.50 0.42 6.61 153 3.03 12.89  
including 91.30 91.80 0.50 0.42 2.54 36 3.76 8.57  
including 91.80 92.10 0.30 0.25 12.90 189 9.82 29.74  
including 92.10 92.50 0.40 0.33 0.06 6 0.41 0.74  
including 92.50 93.00 0.50 0.42 1.47 12 1.04 3.15  
including 93.00 93.70 0.70 0.58 0.46 14 0.89 1.95  
including 93.70 94.31 0.61 0.51 12.40 78 4.39 19.85  
including 94.31 94.90 0.59 0.49 1.20 23 2.91 5.81  
including 94.90 95.25 0.35 0.29 0.01 5 0.33 0.56  
including 95.25 95.40 0.15 0.12 1.48 20 1.26 3.59  
including 95.40 96.20 0.80 0.67 0.01 4 0.39 0.64  
KMDD0255 98.00 99.10 1.10 0.92 1.34 93 7.58 13.73  
KMDD0255 101.50 102.00 0.50 0.42 1.84 3 0.07 1.98  
KMDD0255 102.00 103.00 1.00 0.83 1.34 2 0.03 1.41  
KMDD0255 103.00 103.90 0.90 0.75 1.37 2 0.03 1.43  
KMDD0255 113.70 114.80 1.10 0.92 2.38 18 1.52 4.86 K3
KMDD0254 79.00 99.40 20.40 13.22 3.10 6 0.55 3.99 K1
including 79.00 79.70 0.70 0.45 4.43 20 0.49 5.39  
including 79.70 80.50 0.80 0.52 0.30 3 0.15 0.55  
including 80.50 81.30 0.80 0.52 0.31 2 0.11 0.49  
including 81.30 82.00 0.70 0.45 1.84 3 0.20 2.18  
including 82.00 82.50 0.50 0.32 0.87 3 1.01 2.41  
including 82.50 83.30 0.80 0.52 1.06 5 0.15 1.34  
including 83.30 84.20 0.90 0.58 1.65 7 0.55 2.55  
including 84.20 85.00 0.80 0.52 0.24 3 0.22 0.61  
including 85.00 86.00 1.00 0.65 0.03 3 0.10 0.22  
including 86.00 87.00 1.00 0.65 0.16 2 0.11 0.34  
including 87.00 87.60 0.60 0.39 0.11 4 0.04 0.21  
including 87.60 88.60 1.00 0.65 0.03 2 0.11 0.21  
including 88.60 89.30 0.70 0.45 24.50 5 0.37 25.10  
including 89.30 90.30 1.00 0.65 0.12 5 0.62 1.10  
including 90.30 91.10 0.80 0.52 0.11 3 0.66 1.13  
including 91.10 92.00 0.90 0.58 0.09 2 0.04 0.17  
including 92.00 93.00 1.00 0.65 0.05 2 0.18 0.34  
including 93.00 93.60 0.60 0.39 0.12 2 0.07 0.25  
including 93.60 94.30 0.70 0.45 25.10 11 0.21 25.54  
including 94.30 95.00 0.70 0.45 0.23 4 0.18 0.54  
including 95.00 96.20 1.20 0.78 0.39 6 0.28 0.88  
including 96.20 97.30 1.10 0.71 0.29 2 0.01 0.33  
including 97.30 97.85 0.55 0.36 2.31 14 2.03 5.50  
including 97.85 98.60 0.75 0.49 8.39 30 5.13 16.40  
including 98.60 99.40 0.80 0.52 14.30 22 2.02 17.57  
KMDD0254 108.20 118.50 10.30 6.73 2.61 27 1.31 4.89 K2
including 108.20 109.10 0.90 0.59 0.42 17 2.33 4.10  
including 109.10 109.80 0.70 0.46 1.02 8 1.29 3.03  
including 109.80 110.50 0.70 0.46 0.26 7 1.18 2.10  
including 110.50 111.00 0.50 0.33 0.05 2 0.03 0.12  
including 111.00 111.50 0.50 0.33 0.45 1 0.04 0.52  
including 111.50 112.70 1.20 0.78 1.45 14 0.62 2.54  
including 112.70 114.00 1.30 0.85 3.39 35 0.19 4.07  
including 114.00 115.00 1.00 0.65 1.93 18 0.12 2.32  
including 115.00 116.00 1.00 0.65 2.30 14 0.12 2.64  
including 116.00 116.80 0.80 0.52 13.80 134 4.27 21.72  
including 116.80 117.30 0.50 0.33 3.52 59 8.99 17.63  
including 117.30 118.50 1.20 0.78 1.85 20 0.43 2.72  
KMDD0256 64.70 68.90 4.20 3.32 4.19 10 2.08 7.42 K1
including 64.70 65.25 0.55 0.43 9.24 12 0.85 10.65  
including 65.25 65.80 0.55 0.43 3.86 6 0.39 4.51  
including 65.80 66.15 0.35 0.28 3.17 8 0.59 4.15  
including 66.15 67.10 0.95 0.75 0.32 2 0.23 0.69  
including 67.10 67.45 0.35 0.28 0.57 3 0.30 1.06  
including 67.45 68.00 0.55 0.43 0.22 2 0.17 0.50  
including 68.00 68.90 0.90 0.71 9.60 30 8.27 22.30  
KMDD0256 77.30 81.70 4.40 3.57 7.99 30 1.71 10.90 K2
including 77.30 78.00 0.70 0.57 17.66 35 1.28 19.98  
including 78.00 79.00 1.00 0.81 8.12 18 1.08 9.93  
including 79.00 79.60 0.60 0.49 20.16 28 1.25 22.35  
including 79.60 81.00 1.40 1.13 0.98 29 2.18 4.57  
including 81.00 81.70 0.70 0.57 1.75 48 2.49 6.02  
KMDD0256 98.70 101.40 2.70 2.19 3.85 58 0.98 5.98 K3
including 98.70 99.20 0.50 0.41 2.44 45 0.08 3.08  
including 99.20 99.59 0.39 0.32 16.78 152 0.93 19.91  
including 99.59 100.00 0.41 0.33 3.24 48 0.28 4.21  
including 100.00 100.40 0.40 0.32 1.22 28 0.37 2.09  
including 100.40 101.40 1.00 0.81 0.81 44 1.98 4.27  
KMDD0258 76.25 93.20 16.95 11.72 2.09 7 0.48 2.89 K1
including 76.25 77.00 0.75 0.52 6.56 10 0.88 8.00  
including 77.00 78.00 1.00 0.69 2.80 6 0.24 3.23  
including 78.00 79.00 1.00 0.69 0.47 3 0.06 0.60  
including 79.00 80.10 1.10 0.76 0.48 4 0.13 0.72  
including 80.10 80.38 0.28 0.19 1.33 15 1.40 3.60  
including 80.38 81.65 1.27 0.88 0.52 6 0.27 1.00  
including 81.65 82.45 0.80 0.55 0.09 6 0.25 0.54  
including 82.45 83.35 0.90 0.62 0.94 8 0.92 2.40  
including 83.35 83.65 0.30 0.21 65.80 41 4.11 72.41  
including 83.65 84.50 0.85 0.59 0.19 5 0.18 0.52  
including 84.50 86.25 1.75 1.21 0.04 2 0.03 0.10  
including 86.25 87.00 0.75 0.52 0.06 7 0.09 0.28  
including 87.00 88.60 1.60 1.11 0.10 4 0.38 0.72  
including 88.60 89.00 0.40 0.28 0.05 2 0.08 0.19  
including 89.00 89.20 0.20 0.14 18.40 109 4.97 27.07  
including 89.20 89.52 0.32 0.22 0.07 4 0.31 0.57  
including 89.52 90.00 0.48 0.33 0.98 10 1.29 3.02  
including 90.00 91.00 1.00 0.69 0.09 8 0.25 0.55  
including 91.00 92.10 1.10 0.76 0.02 2 0.04 0.10  
including 92.10 93.00 0.90 0.62 0.11 2 0.12 0.31  
including 93.00 93.20 0.20 0.14 1.24 19 4.66 8.42  
KMDD0257 99.86 110.48 10.62 5.56 12.96 4 0.16 13.23 K1
including 99.86 100.80 0.94 0.49 12.70 1 0.02 12.75  
including 100.80 101.73 0.93 0.49 3.45 1 0.05 3.53  
including 101.73 101.93 0.20 0.10 103.10 5 0.22 103.48  
including 101.93 102.22 0.29 0.15 17.40 4 0.23 17.79  
including 102.22 103.00 0.78 0.41 1.04 3 0.13 1.26  
including 103.00 104.00 1.00 0.52 0.36 1 0.07 0.47  
including 104.00 104.59 0.59 0.31 0.63 2 0.21 0.97  
including 104.59 105.08 0.49 0.26 178.00 21 0.14 178.45  
including 105.08 105.48 0.40 0.21 0.91 3 0.11 1.11  
including 105.48 105.60 0.12 0.06 3.31 2 0.01 3.35  
including 105.60 105.82 0.22 0.12 2.35 18 0.21 2.87  
including 105.82 106.06 0.24 0.13 6.26 17 0.06 6.54  
including 106.06 107.00 0.94 0.49 0.26 3 0.08 0.42  
including 107.00 107.38 0.38 0.20 8.08 4 0.10 8.28  
including 107.38 107.90 0.52 0.27 0.22 3 0.32 0.73  
including 107.90 108.20 0.30 0.16 0.13 2 0.24 0.50  
including 108.20 109.10 0.90 0.47 0.11 1 0.09 0.25  
including 109.10 110.00 0.90 0.47 1.02 5 0.59 1.95  
including 110.00 110.48 0.48 0.25 1.60 4 0.10 1.80  
KMDD0257 112.00 117.70 5.70 3.19 9.00 8 0.28 9.50 KL
including 112.00 112.60 0.60 0.34 8.29 2 0.05 8.39  
including 112.60 113.00 0.40 0.22 0.75 5 0.62 1.74  
including 113.00 114.00 1.00 0.56 1.11 6 0.15 1.40  
including 114.00 114.87 0.87 0.49 1.00 11 0.21 1.44  
including 114.87 115.65 0.78 0.44 9.63 18 0.68 10.85  
including 115.65 116.40 0.75 0.42 7.16 6 0.14 7.44  
including 116.40 117.00 0.60 0.34 2.43 3 0.09 2.59  
including 117.00 117.70 0.70 0.39 42.40 8 0.41 43.10  
KMDD0257 122.20 126.20 4.00 2.16 4.27 7 0.24 4.71 K2
including 122.20 123.00 0.80 0.43 5.78 3 0.08 5.94  
including 123.00 123.70 0.70 0.38 13.20 7 0.14 13.49  
including 123.70 124.70 1.00 0.54 0.90 11 0.53 1.82  
including 124.70 125.70 1.00 0.54 1.90 8 0.24 2.35  
including 125.70 126.20 0.50 0.27 0.83 3 0.05 0.94  
KMDD0260 67.80 75.00 7.20 6.95 3.64 7 1.13 5.41 K1
including 67.80 68.05 0.25 0.24 4.97 17 4.33 11.63  
including 68.05 69.00 0.95 0.92 0.26 3 0.14 0.51  
including 69.00 70.00 1.00 0.97 0.03 1 0.03 0.09  
including 70.00 71.12 1.12 1.08 2.61 4 0.17 2.91  
including 71.12 71.80 0.68 0.66 0.16 4 0.20 0.50  
including 71.80 72.45 0.65 0.63 13.46 7 3.67 19.02  
including 72.45 72.75 0.30 0.29 3.33 32 3.83 9.42  
including 72.75 73.30 0.55 0.53 0.06 3 0.15 0.32  
including 73.30 73.55 0.25 0.24 1.05 12 4.64 8.12  
including 73.55 75.00 1.45 1.40 8.03 10 1.23 9.99  
KMDD0260 84.00 84.70 0.70 0.68 1.87 33 2.03 5.28  
KMDD0260 89.80 99.50 9.70 7.24 7.31 23 1.24 9.43 K2
including 89.80 90.10 0.30 0.22 0.76 18 0.58 1.84  
including 90.10 90.70 0.60 0.45 1.68 35 1.55 4.40  
including 90.70 91.20 0.50 0.37 16.57 5 0.11 16.79  
including 91.20 92.00 0.80 0.60 2.66 9 0.65 3.73  
including 92.00 93.00 1.00 0.75 1.11 4 0.11 1.31  
including 93.00 93.70 0.70 0.52 51.60 36 0.20 52.32  
including 93.70 94.10 0.40 0.30 3.23 34 2.36 7.15  
including 94.10 95.20 1.10 0.82 15.21 87 5.43 24.32  
including 95.20 95.50 0.30 0.22 0.24 6 0.54 1.11  
including 95.50 96.30 0.80 0.60 1.65 16 1.63 4.27  
including 96.30 97.00 0.70 0.52 0.45 16 1.20 2.43  
including 97.00 98.30 1.30 0.97 0.56 8 0.16 0.90  
including 98.30 99.50 1.20 0.90 1.30 13 0.54 2.26  
KMDD0260 111.20 115.25 4.05 3.02 3.06 29 0.42 4.02 K2HW
including 111.20 112.40 1.20 0.90 0.86 8 0.58 1.81  
including 112.40 113.00 0.60 0.45 3.23 116 1.11 6.22  
including 113.00 114.00 1.00 0.75 3.07 34 0.19 3.74  
including 114.00 115.25 1.25 0.93 5.09 3 0.13 5.32  
KMDD0259 79.00 92.20 13.20 9.52 24.66 7 0.30 25.20 K1
including 79.00 79.30 0.30 0.22 155.10 12 0.33 155.73  
including 79.30 79.70 0.40 0.29 32.40 9 0.30 32.95  
including 79.70 80.85 1.15 0.83 15.70 3 0.07 15.85  
including 80.85 81.65 0.80 0.58 75.30 6 0.16 75.61  
including 81.65 83.00 1.35 0.97 1.52 3 0.06 1.65  
including 83.00 84.00 1.00 0.72 0.41 2 0.05 0.51  
including 84.00 84.70 0.70 0.51 0.64 4 0.30 1.14  
including 84.70 85.25 0.55 0.40 17.00 8 0.60 17.99  
including 85.25 86.45 1.20 0.87 0.31 3 0.08 0.46  
including 86.45 86.80 0.35 0.25 4.63 3 0.04 4.73  
including 86.80 87.80 1.00 0.72 162.60 18 0.11 162.98  
including 87.80 89.00 1.20 0.87 0.82 5 0.25 1.25  
including 89.00 90.00 1.00 0.72 0.39 3 0.25 0.80  
including 90.00 90.60 0.60 0.43 12.60 34 1.40 15.09  
including 90.60 91.00 0.40 0.29 2.40 8 0.34 3.00  
including 91.00 92.20 1.20 0.87 0.84 7 0.98 2.38  
KMDD0259 100.00 109.90 9.90 7.57 11.00 11 0.36 11.67 K2
including 100.00 100.80 0.80 0.61 5.64 12 0.14 5.99  
including 100.80 101.50 0.70 0.54 37.50 17 1.09 39.33  
including 101.50 102.20 0.70 0.54 1.39 4 0.12 1.61  
including 102.20 102.80 0.60 0.46 30.30 4 0.07 30.46  
including 102.80 103.30 0.50 0.38 0.14 2 0.07 0.26  
including 103.30 104.60 1.30 0.99 0.13 3 0.06 0.25  
including 104.60 104.80 0.20 0.15 1.37 8 0.69 2.49  
including 104.80 105.30 0.50 0.38 0.09 2 0.17 0.37  
including 105.30 105.50 0.20 0.15 6.68 3 0.74 7.82  
including 105.50 106.00 0.50 0.38 0.21 2 0.31 0.69  
including 106.00 107.30 1.30 0.99 33.10 5 0.56 33.99  
including 107.30 108.20 0.90 0.69 6.67 17 0.45 7.54  
including 108.20 108.85 0.65 0.50 10.90 72 1.19 13.50  
including 108.85 109.90 1.05 0.80 0.87 5 0.06 1.01  
KMDD0261 85.20 95.00 9.80 6.63 83.27 10 1.03 84.92 K1
including 85.20 85.90 0.70 0.47 32.80 6 0.65 33.84  
including 85.90 86.50 0.60 0.41 202.00 5 0.31 202.52  
including 86.50 87.35 0.85 0.57 212.50 18 0.65 213.67  
including 87.35 88.20 0.85 0.57 467.00 16 0.29 467.62  
including 88.20 89.20 1.00 0.68 85.00 5 0.23 85.41  
including 89.20 90.74 1.54 1.04 1.83 12 1.29 3.89  
including 90.74 91.20 0.46 0.31 0.45 5 0.94 1.91  
including 91.20 92.00 0.80 0.54 0.88 21 3.53 6.39  
including 92.00 92.90 0.90 0.61 0.77 15 2.73 5.02  
including 92.90 93.40 0.50 0.34 0.53 1 0.05 0.61  
including 93.40 93.80 0.40 0.27 0.61 2 0.07 0.74  
including 93.80 94.20 0.40 0.27 6.98 2 0.04 7.06  
including 94.20 95.00 0.80 0.54 1.99 3 0.77 3.17  
KMDD0261 97.20 100.50 3.30 2.23 1.73 9 0.46 2.52  
including 97.20 98.00 0.80 0.54 1.05 6 0.17 1.38  
including 98.00 99.00 1.00 0.68 0.78 15 0.90 2.30  
including 99.00 100.20 1.20 0.81 2.80 6 0.38 3.43  
including 100.20 100.50 0.30 0.20 2.41 11 0.06 2.62  
KMDD0261 105.00 108.20 3.20 2.18 1.58 3 0.82 2.84 KL
including 105.00 106.00 1.00 0.68 2.25 4 1.61 4.70  
including 106.00 107.00 1.00 0.68 0.89 2 0.33 1.40  
including 107.00 108.20 1.20 0.82 1.59 3 0.58 2.48  
KMDD0261 110.70 117.70 7.00 4.78 6.01 6 0.27 6.49 K2
including 110.70 112.00 1.30 0.89 0.87 4 0.17 1.17  
including 112.00 113.00 1.00 0.68 32.50 8 0.93 33.99  
including 113.00 114.40 1.40 0.96 0.23 1 0.12 0.42  
including 114.40 115.20 0.80 0.55 0.79 7 0.31 1.33  
including 115.20 116.80 1.60 1.09 2.84 11 0.18 3.24  
KMDD0262 80.60 84.40 3.80 2.62 31.34 83 2.63 36.23 K1
including 80.60 81.30 0.70 0.48 118.20 345 2.94 126.55  
including 81.30 81.90 0.60 0.41 1.85 15 1.07 3.62  
including 81.90 82.80 0.90 0.62 28.51 65 3.61 34.65  
including 82.80 83.40 0.60 0.41 0.41 2 0.51 1.19  
including 83.40 84.40 1.00 0.69 9.34 6 3.76 15.03  
KMDD0262 87.50 92.85 5.35 4.30 1.34 10 1.78 4.10 K2
including 87.50 87.95 0.45 0.36 0.53 4 1.01 2.08  
including 87.95 88.40 0.45 0.36 2.76 4 2.10 5.94  
including 88.40 89.00 0.60 0.48 1.45 10 1.04 3.12  
including 89.00 90.00 1.00 0.80 1.20 12 0.83 2.57  
including 90.00 91.00 1.00 0.80 0.49 11 1.22 2.44  
including 91.00 91.60 0.60 0.48 0.79 13 1.07 2.53  
including 91.60 92.85 1.25 1.00 2.11 11 3.83 7.96  
KMDD0262 123.20 126.00 2.80 2.25 0.40 14 1.48 2.77 K2HW
including 123.20 124.50 1.30 1.04 0.64 23 2.55 4.71  
including 124.50 125.00 0.50 0.40 0.17 4 0.35 0.75  
including 125.00 126.00 1.00 0.80 0.20 6 0.66 1.25  

(1) Gold Equivalent in Table 1 uses copper price of US$3.05/lb; silver price of US$16.05/oz and gold price of US$1,400/oz.

Table 2 – Kainantu Gold Mine – Collar Locations for Kora
Diamond
Drilling

Hole_id Collar location Collar orientation EOH depth (m) Lode
Local north Local East RL Dip Local azimuth
KMDD0229 58534 29852 1216 -10.7 216.6 179.9 Kora North
KMDD0231A 58529 29853 1215 -37.9 216.7 288.0 Kora North
KMDD0233 58995 29921 1164 -5.6 280.4 155.8 Kora North
KMDD0235 58530 29853 1214 -54.30 223.05 234.80 Kora North
KMDD0237 58996 29921 1164 -0.9 301.4 161.6 Kora North
KMDD0239 58691 29856 1212 -33.5 271.4 157.9 Kora North
KMDD0241 58693 29855 1215 32.8 299.8 125.7 Kora North
KMDD0242 58771 29871 1254 42.3 315.5 144.3 Kora North
KMDD0243 58692 29855 1215 39.38 279.84 112.10 Kora North
KMDD0244 58771 29869 1253 27.6 296.4 106.5 Kora North
KMDD0245 59020 29906 1233 25.10 212.80 180.80 Kora North
KMDD0246 58771 29869 1254 42.3 295.6 143.7 Kora North
KMDD0247 58692 29855 1215 34.96 259.74 100.80 Kora North
KMDD0248 58771 29869 1256 56.4 293.7 146.4 Kora North
KMDD0249 59020 29906 1234 29.62 221.98 143.30 Kora North
KMDD0250 58769 29869 1254 38.7 273.9 121.0 Kora North
KMDD0251 58691 29855 1215 27.08 230.22 130.10 Kora North
KMDD0252 58769 29869 1255 49.74 274.65 130.00 Kora North
KMDD0253 58533 29852 1218 32.45 312.61 128.40 Kora North
KMDD0254 58769 29869 1255 57.43 275.79 155.60 Kora North
KMDD0255 58534 29852 1217 25.31 300.92 124.10 Kora North
KMDD0256 58768 29869 1254 42.05 253.98 123.80 Kora North
KMDD0257 59021 29906 1234 41.11 225.35 138.70 Kora North
KMDD0258 58767 29869 1255 50.88 252.99 100.80 Kora North
KMDD0259 59020 29906 1234 34.84 232.37 129.30 Kora North
KMDD0260 58766 29868 1254 38.58 238.82 123.20 Kora North
KMDD0261 59021 29906 1234 43.74 238.30 120.10 Kora North
KMDD0262 58766 29868 1255 49.21 239.93 132.60 Kora North

Table 3 – Global Kora Mineral Resource (Effective Date April 2, 2020)

  Tonnes Gold Silver Copper AuEq
  mt g/t moz g/t moz % kt g/t moz
Measured 0.66 13.34 0.28 11.6 0.25 0.51 3.4 14.14 0.3
Indicated 2.47 8.44 0.67 16.3 1.29 0.63 15.6 9.46 0.8
Total M&I 3.13 9.47 0.95 15.3 1.54 0.61 19 10.45 1.1
Inferred 12.67 7.32 2.98 19.9 8.11 1.1 139.4 9.01 3.7
  • Mineral Resource Estimate is included in a technical report titled, “Revised
    Independent Technical Report, Mineral Resource Estimate Update and Preliminary Economic Assessment for Expansion of the Kainantu Mine to Treat 1 Mtpa from the Kora Gold Deposit, Kainantu Project, Papua New Guinea” with an effective date of April 2, 2020.
  • The Independent and Qualified Person responsible for the Mineral Resource Estimate is Simon Tear, P.Geo. of H & S Consultants Pty. Ltd., Sydney, Australia.
  • Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.
  • Resources were compiled at 1,2,3,4,5,6,7,8,9 and 10 g/t gold cut-off grades.
  • Density (t/m3) is on a per zone basis,
    K1 and Kora Link: 2.84 t/m3; K2: 2.93 t/m3; Waste: 2.8 t/m3
  • Reported tonnage and grade figures are rounded from raw estimates to reflect the order of accuracy of the estimate.
  • Minor variations may occur during the addition of rounded numbers.
  • Calculations used metric units (metres, tonnes and g/t)
  • Gold equivalents are calculated as AuEq = Au g/t + ((0.923 x Cu%)*1.38)+ (0.77 x Ag g/t*0.0115). Gold price US$1,400/oz; Silver US$16.05/oz; Copper US$3.05/lb. Metal payabilities and recoveries are incorporated into the AuEq formula. Recoveries of 92.3% for copper and 77% for silver.


Key Assumptions and Parameters – Kora Deposit

The Kora Deposit comprises two parallel, steeply west dipping, north-south striking quartz-sulphide vein systems, K1 and K2, within an encompassing dilatant structural zone hosted by phyllite. An additional structure, the Kora Link, has also been defined between K1 and K2. There are five Kora Link structures identified, of which three are included in the resource estimate.

The current resource estimate area covers an area of approximately 1,250 metres along strike by 1,050 to 1,150 metres vertically (see Figure 1), representing ~75% of the drill target area. K92 plans to continue to drill the area not yet drilled. The resource estimate includes results from 266 diamond drill holes in addition to face samples taken from horizontal development and from cut and fill faces along the K1 and K2 veins.

Underground drilling consists of diamond core for a range of core sizes depending on the length of hole and expected ground conditions. Sampling is sawn half core under geological control and generally ranges between 0.5 m to 1.0 m. Underground face sampling is completed for every fired round and is to industry standard. QAQC data indicated no significant issues with the sampling or the accuracy of the on-site analysis. Current core recovery of the mineral zone is +95%, with initial drilling around the 90% mark.

Geological logging is consistent and is based on a full set of logging codes covering lithology, alteration, and mineralization.

The geological interpretation of the vein systems is represented as 3D wireframe solids snapped to a combination of diamond drillhole data and underground face sampling (see Figure 1). Definition of the wireframes is based on identified gold mineralization in drill core nominally at a 0.1-0.2g/t Au gold-off in conjunction with geological control/sense and current mining widths.

The wireframes were used to extract 1-metre composites (minimum of 0.5m) from the drillhole and sampling database for gold, copper and silver. A gold top cut of 1,000 g/t was applied to K2 composites and a 150 g/t top cut for the Kora Link #2. No top cuts were applied to silver or copper. Variography was generally poor, as would likely be expected, although K1 indicated better along strike grade continuity.

Grade interpolation of the composite data was completed using Ordinary Kriging with a block size of 1 m by 5 m by 5 m. A larger block size check model indicated no evidence of over-smoothing of gold grade with the smaller block size.

Default average density values have been applied to the different lodes. The defaults are based on limited core measurements using the Archimedes Method (weight in air/weight in water). Density (t/m3) is on a per zone basis, with K1 and Kora Link: 2.84 t/m3; K2: 2.93 t/m3; Waste: 2.8 t/m3.

A three-pass search strategy was applied to the grade interpolation. Search ellipse parameters are listed below. Search ellipse orientations generally reflected the subtle changes in dip and strike of the vein systems, with up to 8 search domains used for each lode.

Qualified Person

K92 Mine Geology Manager and Mine Exploration Manager, Andrew Kohler, PGeo, a qualified person under the meaning of Canadian National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and is responsible for the technical content of this news release. 

About K92

K92 Mining Inc. is engaged in the production of gold, copper and silver from the Kora deposit at the Kainantu Gold Mine in the Eastern Highlands province of Papua New Guinea, as well as exploration and development of mineral deposits in the immediate vicinity of the mine.  The Company declared commercial production from Kainantu in February 2018 and is in a strong financial position.

The Company commenced an expansion of the mine based on an updated Preliminary Economic Assessment on the property which was published in January 2019 and updated in July 2020. K92 is operated by a team of mining company professionals with extensive international mine-building and operational experience.

On Behalf of the Company,

John Lewins, Chief Executive Officer and Director

For further information, please contact David Medilek, P.Eng., CFA at +1-604-687-7130.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. All statements that address future plans, activities, events, or developments that the Company believes, expects or anticipates will or may occur are forward-looking information, including statements regarding the realization of the preliminary economic analysis for the Kainantu Project, expectations of future cash flows, the planned plant expansion, production results, cost of sales, sales of production, potential expansion of resources and the generation of further drilling results which may or may not occur. Forward-looking statements and information contained herein are based on certain factors and assumptions regarding, among other things, the market price of the Company’s securities, metal prices, exchange rates, taxation, the estimation, timing and amount of future exploration and development, capital and operating costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title disputes, failure of plant, equipment or processes to operate as anticipated, accidents, labour disputes, claims and limitations on insurance coverage and other risks of the mining industry, changes in national and local government regulation of mining operations in PNG, mitigation of the Covid-19 pandemic, continuation of the lifted state of emergency, and regulations and other matters. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.


Figure 1 – K1 Vein Long Section

https://www.globenewswire.com/NewsRoom/AttachmentNg/8082b54f-1d3d-47f2-8d3b-20fc1b83bc9e

Figure 2 – K2 Vein Long Section

https://www.globenewswire.com/NewsRoom/AttachmentNg/e6972175-352e-4066-8c82-da285cfd7fd5

Figure 3 – Kora-Irumafimpa Mine Section

https://www.globenewswire.com/NewsRoom/AttachmentNg/f3c14234-32d1-42e5-8e56-d7d6aed7e9a6

Figure 4 – KMDD0261 Core Photograph, 85.20 – 90.74m; overall intersection downhole interval returned 9.80 m at 83.27 g/t Au, 10 g/t Ag and 1.03% Cu (84.92 g/t AuEq, 6.63 m true width) at the K1 Vein.

https://www.globenewswire.com/NewsRoom/AttachmentNg/c1991771-2e43-48f1-9879-75c9cd3c0df1 



ARMOUR Residential REIT, Inc. Announces December 2020 Dividend Rate Per Common Share

VERO BEACH, Florida, Nov. 30, 2020 (GLOBE NEWSWIRE) — ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR-PRC) (“ARMOUR” or the “Company”) today announced the December 2020 cash dividend for the Company’s Common Stock.

December 2020 Common Stock Dividend Information

Month   Dividend   Holder of Record Date   Pay
ment Date
December 2020   $0.10   December 15, 2020   December 29, 2020

Certain Tax Matters

ARMOUR has elected to be taxed as a real estate investment trust (“REIT”) for U.S. Federal income tax purposes. In order to maintain this tax status, ARMOUR is required to timely distribute substantially all of its ordinary REIT taxable income. Dividends paid in excess of current tax earnings and profits for the year will generally not be taxable to common stockholders. Actual dividends are determined at the discretion of the Company’s board of directors, which may consider additional factors including the Company’s results of operations, cash flows, financial condition and capital requirements as well as current market conditions, expected opportunities and other relevant factors.

About ARMOUR Residential REIT,
Inc.

ARMOUR invests exclusively in fixed rate residential, adjustable rate and hybrid adjustable rate residential mortgagebacked securities issued or guaranteed by U.S. Government-sponsored enterprises or guaranteed by the Government National Mortgage Association. ARMOUR is externally managed and advised by ARMOUR Capital Management LP, an investment advisor registered with the Securities and Exchange Commission (“SEC”).

Safe Harbor

This press release includes “forward-looking statements” within the mean
ing of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations, estimates and projections and, consequently, you should not rely on these forward-looking statements as pr
edictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to iden
tify such forward-looking statements. These forward-looking statements involve s
ignificant risks and uncertainties that could cause the actual results to differ materially from the expected results.
The Company disclaims any obligation to release publicly
any updates or revisions to any forward-looking statement to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.

Additional Information and Where to F
ind It

Investors, security holders and other interested persons may find additional information regarding the Company at the SEC’s internet site at www.sec.gov, or the Company website at www.armourreit.com, or by directing requests to: ARMOUR Residential REIT, Inc., 3001 Ocean Drive, Suite 201, Vero Beach, Florida 32963, Attention: Investor Relations.

Investor Contact:        

James R. Mountain
Chief Financial Officer
ARMOUR Residential REIT, Inc.
(772) 617-4340