Power Group Provides an Update on Exploration Activities for the British Columbia Properties
NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA
October 17, 2022 – Vancouver B.C. - Power Group Projects Corp. (TSXV: PGP) (the "Company") is pleased to provide an update on recent exploration activities. The Company is active on multiple high potential polymetallic properties in Northwestern British Columbia and Newfoundland and Labrador.
Atlin West Property
The Atlin West Property is located 14 kilometres west-northwest of Atlin, British Columbia, northwest of Tagish Lake and covers an area of covering 3,125 hectares. Exploration work will continue to focus on evaluating the potential for structurally controlled, intrusion related and polymetallic vein systems, which are known to host economic mineralisation in the area. Previous work has provided initial information on the geological potential of the project. Regional analogues include the Engineer Mine, Yellowjacket Mine and the Imperial Vein showing.
Program Highlights:
The exploration for 2022 comprised of an airborne magnetic survey consisting of 342 line km conducted at the beginning of August. The team recently received the results, with interpretation and targeting underway to define the next program on the property.
About the Atlin West Property:
The Atlin West Project is underlain by undivided sedimentary and volcanic rocks of the Cache Creek Complex, which have been subsequently intruded by late Cretaceous felsic volcanic and intrusive rocks. The area is bounded by the Nahlin fault and cross-cut by east-west and northwest trending faults.
These structures are known to be associated with base and precious metals in the region, specifically the aforementioned projects. Mineralisation on the property includes the Dundee/Table Mountain showing, which is comprised of northeast trending veins with galena and chalcopyrite, assaying 2.58 ounces per tonnes of silver, 26% lead and 13.9% copper in 1967. Limited work has been reported on the property and additional exposures are as yet untested as glacial recession has progressed in the past several decades since this work was last conducted.
Additional details about the exploration targets can be inferred from known mineralisation in the regional analogues.
The Engineer Mine was in production in the 1920’s and 1930’s, and produced in excess of 18,000 ounces of gold and 9,000 ounces of silver. Production was at realised grades exceeding 39 grammes per tonne of gold and 20 grammes per tonne of silver. A mineral resource estimate published in 2018 stated the Engineer Mine contains an inferred resource of 41,000 tonnes grading 19.0 grammes per tonne of gold, using a five gramme per tonne cut-off grade, which equated to 25,000 ounces of gold. (Engineer Gold Mine, British Columbia, Canada – January 2018 (amended and Restated), O’Brien D. Et al,(effective date: May 9, 2018), the most recent 43-101 report published on the property).
At the Yellowjacket Mine, an historic estimate stated 133,000 tonnes at 5.8 grammes per tonne of gold, totalling 24,000 ounces of gold at a 1.5 gramme per tonne of gold cut-off (Price, B.J. and Dandy, L., 2009; Technical Report on the Yellowjacket Gold Project; 43-101 Report). The 2009 Yellowjacket Inferred resource estimate was done for a previous operator according to NI 43-101 standards at that time. A qualified person has not done sufficient work to classify the historical estimate as a current mineral resource and neither the current owner nor the Company is treating the historical estimate as a current mineral resource.
The Imperial Vein showing is a quartz vein that saw limited production in the early 1900s and is documented to contain materials that assayed 27.1 grammes per tonne of gold and 26.47 grammes per tonne of silver. The Imperial Vein is considered an exploration prospect at this point.
Icefall Property
The Icefall Property is located 20 kilometres north of Tulsequah, British Columbia covering 8,704 hectares. Evaluation for VMS, porphyry and skarn mineralization is ongoing and known to occur in the area. Previous work has identified occurrences in granitic rocks of the Sloko-Hyder Plutonic Suite that have been documented in historic work on the property.
Program Highlights:
This year’s exploration was comprised of an airborne magnetic survey conducted during the summer from June 24th to July 1st. The single-sensor magnetic survey was flown at 100m line spacing at a heading of 089°/269° totalling 959 line km. The team recently received the results, and interpretation are underway to delineate the target areas of the next program on the property.
About the Icefall Property:
The Icefall Project is underlain by Stuhini and Labarge Group volcanic and sedimentary rocks, overlain by Sloko Group volcanic rocks. Granitic intrusions have been mapped on the northern and southern bounds of the claim block, which covers 8,704 ha. The property is bounded by the Llewellyn fault to the west and King Salmon fault to the east with several north-trending structures noted on the property. Several showings require immediate follow-up, which includes sample results of 35.5 g/t Ag and 0.5% Cu.
Rizz Property
The Rizz Property is located 20 kilometres northwest along the trend of New Polaris/Tulsequah Chief, British Columbia covering 5,415 hectares. Evaluation for VMS, porphyry and skarn mineralization is ongoing and known to occur in the area. Previous work has identified occurrences in granitic rocks of the Sloko-Hyder Plutonic Suite have been documented in historic work on the property.
Program Highlights:
This year’s exploration was comprised of an airborne magnetic survey conducted during the summer from June 24th to July 1st. The survey was a 200m spaced single sensor magnetic survey totalling 332 line km. The results of the survey were recently received The team is currently conducting interpretation to define targets for the next program on the property.
About the Rizz Property:
The Rizz Project is 5,415 hectares of mineral titles in northwestern B.C., situated in the Boundary Ranges Metamorphic Suite and Sloko Group plutonic and volcanic rocks, west of the Llewellyn fault.
To date, mineralisation is documented in the Sloko-Hyder plutonic suite with several gossanous zones identified for follow up. The known mineralisation on the property is described as sulphide-rich felsite boulders and talus in one of the cirques. Previous assay results from samples indicate mineralisation including 27.6 grammes per tonne of gold, 562.9 grammes per tonne of silver, 8.25% lead and 15.9% zinc.
Qualified Person
Rory Kutluoglu, P.Geo., Technical Advisor to the Company and a Qualified Person ("QP") as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information reported in this news release.
For further information, please contact:
Aleem Nathwani
Chief Executive Officer and Chairman
Tel: (604) 290-7073
Email: aleem.nathwani@gmail.com
Cautionary Statement on Forward-Looking Information
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain "forward-looking information" within the meaning of applicable securities laws. Forward looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company’s Management’s Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.
Power Group Provides an Update on Exploration Activities for the Muddy Gullies Property
NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA
October 11, 2022 – Vancouver B.C. - Power Group Projects Corp. (TSXV: PGP) (the "Company") is pleased to provide an update on recent exploration activities. The Company is active on multiple high potential poly metallic properties in Northern British Columbia and Newfoundland and Labrador.
Muddy Gullies Property
The Muddy Gullies Property is located 28 kilometres northeast of the town of Gander, NL. Route 330 affords easy access to the property as does Muddy Gullies access road which runs east from route 330. Recent work completed on the property by the Company concentrated on the main platinum+palladium target and includes line cutting, mapping and prospecting, a LiDAR and photogrammetry survey, and a helicopter-borne magnetometer survey.
Program Highlights:
The mapping and sampling program identified an extensive area of pyroxenite outcrop. Thirty-one samples of pyroxenite were collected and analytical results ranged from 0.007 to 0.299 ppm Pt (average 0.064 ppm) and 0.003 to 0.407 ppm Pd (average 0.077 ppm). These values are comparable to historic sampling on the property and confirm the excellent potential for the discovery of significant Pt+Pd mineralization on the property. The samples were analyzed by ALS Canada Ltd, in North Vancouver, BC. After crushing and pulverizing, the samples were analyzed using ALS’s PGM-ICP23 method. This method analyzes for Pt, Pd and Au with a 30g fire assay and ICP finish.
The LiDAR and Photogrammetry surveys were conducted by drone equipment and covered 20.7 km². The data collected will be a useful aid in the compilation of data from all the various surveys on the property. This work, as well as the helicopter-borne magnetometer survey, was contracted to RPM Aerial Surveys, of Holyrood, NL.
The helicopter-borne magnetic survey comprised approximately 265 line-kilometers, covering the entire property. The interpretation of the magnetic susceptibility data identified several strongly anomalous zones that coincided with very low resistivity modelled from data collected by a VTEM survey in 2012. From this interpretation, four high priority drill targets have been identified.
All the necessary permits for a planned 1,000-metre, four-hole, drill program are in place.
About the Muddy Gullies Property:
The Property comprises 113 claim units (8 licences) covering 28.25 km². The Property is host to several historical platinum, palladium, copper and gold showings, as indicated by the Mineral Occurrence Database System, Department of Natural Resources, Newfoundland & Labrador. The Property is underlain by a portion of the Gander River Ultramafic Belt (GRUB LINE) which consists of pyroxenite and lessor serpentinite, magnesite, amphibolite, hornblendite, and gabbro. The mafic and ultramafic rocks of the GRUB LINE are considered to be an ophiolitic suite of volcanic and plutonic rocks which have tectonically emplaced over the Gander Groups.
Local and Regional Geology
The Muddy Gullies property straddles the contact between the Dunnage and Gander tectonostratigraphic zones. The Gander River Complex (GRC), originally termed the Gander River Ultrabasic Belt (GRUB Line) defines the eastern edge of the Dunnage Zone and underlies most of the property. The GRC is a north-northeast trending belt of pyroxenite, mafic volcanics, gabbro, tonalite, serpentinite and other ultramafic lithologies. The geology is characteristic of an ophiolite suite of igneous rocks which were deposited on the ocean floor and now form the base of the Dunnage Zone.
The GRC stratigraphy has been the subject of mineral exploration since the 1950’s with the initial focus being on asbestos, chromium and base metals. Subsequent exploration programs between 1986 and 2013 have focussed on gold, copper and platinum group elements (PGE). Highlights from assessment reports on the area include the outline of a significant PGE target in a coarse grained pyroxenite, south of Muddy Gullies Pond and the outlining of northeast trending gold (± copper) mineralization across the central block of claims and including the Main Zone trend and the Weirs Pond showing.
Power Group Projects acknowledges the financial support of the Muddy Gullies project by the Government of Newfoundland and Labrador, through the Department of Industry, Energy and Technology Junior Exploration Assistance Program.
Qualified Person Chris M. Healey, P.Geo., Technical Advisor to the Company and a Qualified Person ("QP") as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information reported in this news release.
For further information, please contact:
Aleem Nathwani
Chief Executive Officer and Chairman
Tel: (604) 290-7073
Email: aleem.nathwani@gmail.com
Cautionary Statement on Forward-Looking Information Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains certain "forward-looking information" within the meaning of applicable securities laws. Forward looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company’s Management’s Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.
August 29, 2022
POWER GROUP ANNOUNCES ACQUISITION OF 1311516 B.C. LTD.
NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA
August 29, 2022 – Toronto, ON - Power Group Projects Corp. (TSXV: PGP) (the "Company") is pleased to announce that, further to its press releases of April 25, 2022 and July 6, 2022, the Company has acquired (the “Transaction”) all of the issued and outstanding common shares of 1311516 B.C. Ltd. (“BCCo”) pursuant to an arm’s length share purchase agreement (the “Share Purchase Agreement”) dated June 6, 2022 among the Company, BCCo and the shareholders of BCCO (collectively, the “Vendors”). BCCo is a private company incorporated under the laws of the Province of British Columbia, whose sole assets are option agreements dated February 25, 2022 and March 3, 2022 (the "Option Agreements") with Cloudbreak Discovery PLC ("Cloudbreak") and Cloudbreak Discovery (Canada) Ltd. (together with Cloudbreak, the "Optionor"), whereby BCCo has the option (the "Option") to acquire a 75% interest in certain mineral claims in the Province of British Columbia (the "Rizz Project" and the "Icefall Project").
As consideration for the Transaction, the Company issued an aggregate of 46,200,000 common shares in the capital of the Company (the "Common Shares"), at a price of $0.05 per Common Share to the Vendors. Upon close of the Transaction, BCCo became a wholly owned subsidiary of the Company and the Company assumed all obligations owing to the Optionor under the Option Agreements.
The Rizz Project covers 5,415 hectares of mineral titles in northwestern BC, situated in the Boundary Ranges Metamorphic Suite and Sloko Group plutonic and volcanic rocks west of the Llewellyn fault. Mineralization is documented in the Sloko-Hyder plutonic suite with several gossanous zones identified for immediate follow up. The known mineralization is described as sulphide-rich felsite boulders and talus in one of the cirques on the property. Assay results from historic samples of this mineralization include up to 27.6 grams per tonne ("g/t") gold, 562.9 g/t silver, 8.25% lead and 15.9% zinc. Follow-up work will include exploring for the source of this strongly mineralized float material.
The Icefall Project is underlain by Stuhini and Labarge Group volcanic and sedimentary rocks and is continuous along strike from Brixton Metals Corp’s Thorn Gold-Copper-Silver Project to the southeast. Granitic intrusions have been mapped on the northern and southern bounds of the claim block, which covers 8,704 hectares. The property is bounded between the Llewellyn fault to the west and King Salmon fault to the east, with several north-trending structures noted on the property. The geology is favourable to host mineralization comparable to several Minfile occurrences noted immediately west of the claim boundary, which include historic grab sample results of up to 35.5 grams per tonne silver and 0.5% copper. Although there are no Minfile occurrences on the Icefall Property, the favourable geology and mineralized trends are the basis of the exploration thesis in this under-explored region of the province.
The Rizz Option Agreement
Under the terms of the Rizz Option Agreement, BCCo may exercise the Rizz Option to acquire a 75% interest in the Rizz Project upon payment of an aggregate of $120,000 in cash payments (the "Rizz Option Payments") and incurring an aggregate of $750,000 in expenditures (the "Rizz Expenditures") on the Rizz Project as follows:
• a $25,000 Rizz Option Payment on February 25, 2022 (the "Rizz Effective Date");
• a $25,000 Rizz Option Payment on the date which BCCo enters into a binding agreement with a third party in connection with a transaction that will result in shareholders of BCCo holding shares in a "reporting issuer" as defined under Canadian securities laws that is listed on a recognized Canadian stock exchange;
• a $20,000 Rizz Option Payment on or before the first anniversary of the Rizz Effective Date and incurring $50,000 in Rizz Expenditures on or before the first anniversary of the Rizz Effective Date;
• a $50,000 Rizz Option Payment on or before the second anniversary of the Rizz Effective Date and incurring an additional $200,000 in Rizz Expenditures or before the second anniversary of the Rizz Effective Date; and
• incurring an additional $500,000 in Rizz Expenditures or before the third anniversary of the Rizz Effective Date. BCCo confirms that the initial payment of $25,000 has been made in accordance with the Rizz Option Agreement. In addition, the Optionor was issued 3,000,000 common shares in the capital of BCCo on the Rizz Effective Date.
The Icefall Option Agreement
Under the terms of the Icefall Option Agreement, BCCo may exercise the Icefall Option to acquire a 75% interest in the Icefall Project upon payment of an aggregate of $120,000 in cash payments (the "Icefall Option Payments") and incurring an aggregate of $700,000 in expenditures (the "Icefall Expenditures") on the Icefall Project as follows:
• a $25,000 Icefall Option Payment on March 3, 2022 (the "Icefall Effective Date");
• a $25,000 Icefall Option Payment on the date which BCCo enters into a binding agreement with a third party in connection with a transaction that will result in shareholders of BCCo holding shares in a "reporting issuer" as defined under Canadian securities laws that is listed on a recognized Canadian stock exchange;
• a $20,000 Icefall Option Payment on or before the first anniversary of the Icefall Effective Date and incurring $50,000 in Icefall Expenditures on or before the first anniversary of the Icefall Effective Date;
• a $50,000 Icefall Option Payment on or before the second anniversary of the Icefall Effective Date and incurring an additional $150,000 in Icefall Expenditures or before the second anniversary of the Icefall Effective Date; and
• incurring an additional $500,000 in Icefall Expenditures or before the third anniversary of the Icefall Effective Date.
BCCo confirms that the initial payment of $25,000 has been made in accordance with the Icefall Option Agreement. In addition, the Optionor was issued 2,000,000 common shares in the capital of BCCo on the Icefall Effective Date.
Qualified Person
Cam Bartsch, P.Geo., Technical Advisor to the Company and a Qualified Person ("QP") as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information reported in this news release.
For further information, please contact:
Aleem Nathwani
Chief Executive Officer and Chairman
Tel: (604) 290-7073
Email: aleem.nathwani@gmail.com
Cautionary Statement on Forward-Looking Information Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains certain "forward-looking information" within the meaning of applicable securities laws. Forward looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company’s Management’s Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information
July 6, 2022
Power Group Announces Entering into Definitive Agreement with 1311516 B.C. Ltd.
Vancouver, British Columbia--(Newsfile Corp. - July 6, 2022) - Power Group Projects Corp. (TSXV: PGP) (the "Company") is pleased to announce that, further to its press release of April 25, 2022, it has entered into an arm's length share purchase agreement (the "Share Purchase Agreement") dated June 6, 2022 between the Company, 1311516 B.C. Ltd. ("BCCo") and the shareholders of BCCo (collectively, the "Vendors") to acquire all of the issued and outstanding common shares in the capital of BCCo (the "Transaction"). BCCo is a private company incorporated under the laws of the Province of British Columbia, whose sole assets are option agreements dated February 25, 2022 and March 3, 2022 (the "Option Agreements") with Cloudbreak Discovery PLC ("Cloudbreak") and Cloudbreak Discovery (Canada) Ltd. (together with Cloudbreak, the "Optionor"), whereby BCCo has the option (the "Option") to acquire a 75% interest in certain mineral claims in the Province of British Columbia (the "Rizz Project" and the "Icefall Project").
As consideration for the Transaction, the Company will issue an aggregate of 46,200,000 common shares in the capital of the Company (the "Common Shares"), at a price of $0.05 per Common Share to the Vendors. Upon closing of the Transaction, BCCo will become a wholly owned subsidiary of the Company and the Company would assume all obligations owing to the Optionor under the Option Agreements.
The Rizz Project covers 5,415 hectares of mineral titles in northwestern BC, situated in the Boundary Ranges Metamorphic Suite and Sloko Group plutonic and volcanic rocks west of the Llewellyn fault. Mineralization is documented in the Sloko-Hyder plutonic suite with several gossanous zones identified for immediate follow up. The known mineralization is described as sulphide-rich felsite boulders and talus in one of the cirques on the property. Assay results from historic samples of this mineralization include up to 27.6 grams per tonne ("g/t") gold, 562.9 g/t silver, 8.25% lead and 15.9% zinc. Follow-up work will include exploring for the source of this strongly mineralized float material.
The Icefall Project is underlain by Stuhini and Labarge Group volcanic and sedimentary rocks and is continuous along strike from Brixton Metals Corp's Thorn Gold-Copper-Silver Project to the southeast. Granitic intrusions have been mapped on the northern and southern bounds of the claim block, which covers 8,704 hectares. The property is bounded between the Llewellyn fault to the west and King Salmon fault to the east, with several north-trending structures noted on the property. The geology is favourable to host mineralization comparable to several Minfile occurrences noted immediately west of the claim boundary, which include historic grab sample results of up to 35.5 grams per tonne silver and 0.5% copper. Although there are no Minfile occurrences on the Icefall Property, the favourable geology and mineralized trends are the basis of the exploration thesis in this under-explored region of the province.
The Rizz Option Agreement
Under the terms of the Rizz Option Agreement, BCCo may exercise the Rizz Option to acquire a 75% interest in the Rizz Project upon payment of an aggregate of $120,000 in cash payments (the "Rizz Option Payments") and incurring an aggregate of $750,000 in expenditures (the "Rizz Expenditures") on the Rizz Project as follows:
a $25,000 Rizz Option Payment on February 25, 2022 (the "Rizz Effective Date");
a $25,000 Rizz Option Payment on the date which BCCo enters into a binding agreement with a third party in connection with a transaction that will result in shareholders of BCCo holding shares in a "reporting issuer" as defined under Canadian securities laws that is listed on a recognized Canadian stock exchange;
incurring $50,000 in Rizz Expenditures on or before the first anniversary of the Rizz Effective Date;
a $50,000 Rizz Option Payment on or before the second anniversary of the Rizz Effective Date and incurring an additional $200,000 in Rizz Expenditures or before the second anniversary of the Rizz Effective Date; and
incurring an additional $500,000 in Rizz Expenditures or before the third anniversary of the Rizz Effective Date.
BCCo confirms that the initial payment of $25,000 has been made in accordance with the Rizz Option Agreement. In addition, the Optionor was issued 3,000,000 common shares in the capital of BCCo on the Rizz Effective Date.
The Icefall Option Agreement
Under the terms of the Icefall Option Agreement, BCCo may exercise the Icefall Option to acquire a 75% interest in the Icefall Project upon payment of an aggregate of $120,000 in cash payments (the "Icefall Option Payments") and incurring an aggregate of $700,000 in expenditures (the "Icefall Expenditures") on the Icefall Project as follows:
a $25,000 Icefall Option Payment on March 3, 2022 (the "Icefall Effective Date");
a $25,000 Icefall Option Payment on the date which BCCo enters into a binding agreement with a third party in connection with a transaction that will result in shareholders of BCCo holding shares in a "reporting issuer" as defined under Canadian securities laws that is listed on a recognized Canadian stock exchange;
a $20,000 Icefall Option Payment on or before the first anniversary of the Icefall Effective Date and incurring $50,000 in Icefall Expenditures on or before the first anniversary of the Icefall Effective Date;
a $50,000 Icefall Option Payment on or before the second anniversary of the Icefall Effective Date and incurring an additional $150,000 in Icefall Expenditures or before the second anniversary of the Icefall Effective Date; and
incurring an additional $500,000 in Icefall Expenditures or before the third anniversary of the Icefall Effective Date.
BCCo confirms that the initial payment of $25,000 has been made in accordance with the Icefall Option Agreement. In addition, the Optionor was issued 2,000,000 common shares in the capital of BCCo on the Icefall Effective Date.
The completion of the Transaction contemplated by the Share Purchase Agreement remains subject to the Company and the approval of all regulatory and other approvals, including the approval of the TSX Venture Exchange.
Qualified Person
Cam Bartsch, P.Geo., Technical Advisor to the Company and a Qualified Person ("QP") as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information reported in this news release.
For further information, please contact:
Aleem Nathwani
Chief Executive Officer and Chairman
Tel: (604) 290-7073
Email: aleem.nathwani@gmail.com
Cautionary Statement on Forward-Looking Information
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain "forward-looking information" within the meaning of applicable securities laws. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company's Management's Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.
Power Group Announces Appointment of Director
Jun 14, 2022
Toronto, Ontario--(Newsfile Corp. - June 14, 2022) - Power Group Projects Corp. (TSXV: PGP) (the "Company") is pleased to announce the appointment of Mr. Eric Boehnke to the board of directors of the Company effective the date hereof. Mr. Boehnke is the CEO and a director of Trenchant Capital Corp., an investment issuer, listed on the Canadian Securities Exchange. He is a former CEO, Executive Vice-Chairman and director of Terrace Energy Corp., an oil and gas exploration and production company with projects in the United States listed on the TSX Venture Exchange (the "TSXV"). He has served as director and on the audit committees of a number of Toronto Stock Exchange and TSXV listed companies. Mr. Boehnke is also the President and a director of Big Sky Management Ltd., a private company principally involved with providing corporate finance services to private and public companies. Mr. Boehnke holds a Bachelor of Science from the University of Toronto.
For further information, please contact:
Aleem Nathwani
Chief Executive Officer and Chairman
Tel: (604) 290-7073
Email: aleem.nathwani@gmail.com
Cautionary Statement on Forward-Looking Information
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain "forward-looking information" within the meaning of applicable securities laws. Forward looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company's Management's Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.
May 24,2022
Power Group Announces Appointment of Director
Toronto, Ontario--(Newsfile Corp. - May 24, 2022) - Power Group Projects Corp. (TSXV: PGP) (the "Company") is pleased to announce the appointment of Mr. Scott Hayduk to the board of directors of the Company effective the date hereof. Mr. Hayduk is a Corporate Finance Professional with over 20 years of Investment Banking & Corporate Advisory experience. Scott has spent most of his career specializing in the Americas, MENA, Europe and Asia /Asia Pacific Oil & Gas Producers, Energy Infrastructure, Oil & Gas Services and Oil & Gas Technology Special Situations. He started his career with BMO Nesbitt Burns, and spent most of his career with employee-owned and highly successful Canadian boutique Investment Bank, Orion Securities, through its purchase by Macquarie Bank as a Director. Scott has worked on several billion dollars of Equity, Debt and M&A transactions, respectively. Mr. Hayduk has served as both Director and Officer of numerous Public and Private companies.
For further information, please contact:
Aleem Nathwani
Chief Executive Officer and Chairman
Tel: (604) 290-7073
Email: aleem.nathwani@gmail.com
Cautionary Statement on Forward-Looking Information
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain "forward-looking information" within the meaning of applicable securities laws. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company's Management's Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.
May 11, 2022
POWER GROUP ANNOUNCES PASSING OF DIRECTOR
NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA
May 11, 2022 – Toronto, Ontario - Power Group Projects Corp. (TSXV: PGP) (the “Company”) is sad to report that, Yana Bobrovskaya, a valued member of the Company’s board of directors, has passed away. The Company and the board of directors extends its deepest condolences to Yana’s family, friends and business associates.
For further information, please contact:
Aleem Nathwani
Chief Executive Officer and Chairman Tel: (604) 290-7073
Email: aleem.nathwani@gmail.com
Cautionary Statement on Forward-Looking Information
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain “forward-looking information” within the meaning of applicable securities laws. Forward looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “would”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company’s Management’s Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.
April 25, 2022
Announcing LOI with 1311516 BC Ltd
January 2, 2020
May 31, 2019
Management Discussion and Analysis
Consolidated Financial Statement
April 12, 2019
March 28, 2019
March 5, 2019
Power Group Projects Corp. Announces Board of Directors For Subsidiary
February 7, 2019
Cobalt Power Group Inc. Announces Consolidation and Name Change to “Power Group Projects Corp.”
December 21, 2018
Condensed Interim Consolidated Financial Financial Statements
Certification of Interim Filings
Certification of Interim Filings
Management Discussion and Analysis of Financial Condition and Results of Operation
November 23, 2018
Cobalt Power Group Announces Share Consolidation and Name Change
November 22, 2018
Notice of Annual General Meeting
November 6, 2018
Notice of Meeting and Record Date
October 1, 2018
Condensed Interim Consolidated Financial Statements
Management Discussion and Analysis of Financial Condition and Results of Operation
Certification of Interim Filings
Certification of Interim Filings
August 22, 2018
Cobalt Power Group Provides Corporate Update; Summer Mapping and Prospecting Almost Complete
August 15, 2018
July 24, 2018
Cobalt Power Group Announces Planned Drill Program at Silver Eagle in Cobalt Ontario Mining Camp
July 9, 2018
Cobalt Power Group Announces Acquisition of Blueberry Lake Project in Cobalt Ontario Mining Camp
July 5, 2018
Cobalt Power Group Announces Acquisition of Little Trout Project in Cobalt Ontario Mining Camp.
July 3, 2018
June 29, 2018
Condensed Interim Consolidated Financial Statements
Management Discussion and Analysis of Financial Condition and Results of Operation
Certification of Interim Filings
Certification of Interim Filings
June 19, 2018
Cobalt Power Group Inc. Annual for Period Ended
Certification of Refiled Annual Filings
Certification of Refiled Annual Filings
June 15, 2018
Cobalt Power Group Announces Closing of the Acquisition of Western Cobalt Corp.
June 7, 2018
June 5, 2018
Cobalt Power Group Announces Extensive Summer Exploration Program at Cobalt Camp, Ontario
May 31, 2018
Certification of Annual Filings Venture Issuer Basic Certification
Certification of Annual Filings Venture Issuer Basic Certificate
Managements Discussion and Analysis of Financial Condition and Results of Operation
Consolidated Financial Statements
May 15, 2018
Cobalt Power Announces Muckpile Testing
May 2, 2018
Cobalt Power Group Announces the Appointment of New President and CEO
April 30, 2018
Cobalt Power Group To Acquire Western Cobalt Corp.
March 21, 2018
March 19, 2018
March 12, 2018
March 8, 2018
March 7, 2018
Cobalt Power Announces Closing of $1.1 MM Private Placement
March 6, 2018
Cobalt Power Announces $1.1 MM Private Placement
February 16, 2018
Cobalt Power Group Announces Changes to Board of Directors
February 13, 2018
Cobalt Power Group to Acquire Significant Cobalt Assets in the Cobalt Mining Camp, Ontario
January 29, 2018
Cobalt Power Group Opens Toronto, Ontario Headquarters
January 23, 2018
January 19, 2018
January 18, 2018
January 11, 2018
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