SAGUENAY, QUEBEC--(Marketwired - May 21, 2013) - The management of Arianne Phosphate ("Arianne" or the "Company") (TSX VENTURE: DAN)(FRANKFURT:JE9N)(OTCBB: DRRSF) is very pleased to announce that pilot-scale testing of Lac a Paul phosphate ore has now confirmed the commercial scale-ability of column flotation in achieving 39% P2O5 concentrate with a recovery rate of 90%.
With completion of its Validation of Apatite Flowsheet Using Column Flotation Report, Corem, of Quebec City, (Quebec) has demonstrated that the Paul Zone ore can be processed with this commonly-used technology to achieve superior product quality at a very high recovery rate, well surpassing the quality and recovery of most phosphate rock mines worldwide. A 39% phosphate concentrate will make Zone Paul's product one of the most sought-after phosphate concentrates worldwide, particularly to high-value industrial, animal feed and food-grade phosphate product producers.
The following is an excerpt from the report: "The metallurgical results demonstrate that the flowsheet with two cleaner columns and a cleaner scavenger column was the most promising circuit to meet the required apatite grade and recovery." Further that "The apatite concentrate produced met the requested quality targets (P2O5 greater than 38.5%) with a high yield recovery (greater than 90%)." The complete report will be soon available on www.arianne-inc.com. Interested parties are encouraged to read the entire report.
This metallurgical testwork and its conclusions will be used in development of the Company's Feasibility Study, scheduled for completion in summer 2013. With this confirmation of the flowsheet, the Company will finalize design of the processing facilities to produce phosphate rock concentrate, our finished product. The scope of this work includes a mineralogical assessment, testing of various grinds and particle sizing, reagents, conditioning/flotation parameters, settling/filtration characteristics, and concentrate quality.
"This pilot-scale test confirms column flotation as the optimal processing technology for Zone Paul ore" commented Jim Cowley, President of Arianne. "Column flotation is reliable and cost-effective, and this testing demonstrates that it can produce a superior quality concentrate from Zone Paul ore on a commercial scale." He also stated: "This latest metallurgical test represents another essential milestone for Arianne, thereby confirming both a critical process design element and a product marketing advantage for the Lac a Paul Project."
Arianne Phosphate (www.arianne-inc.com) owns and is developing the Lac a Paul phosphate-titanium deposit that will produce a superior grade apatite concentrate grading 39% P2O5. The Company currently has 77 M shares issued.
Mr. Daniel Boulianne, P.Geo., Qualified Person for the Company as per NI 43-101, have approved this press release.
Follow Arianne on:
Resource Investing News: http://resourceinvestingnews.com/?s=Arianne
FOR FURTHER INFORMATION PLEASE CONTACT: Source: Jim Cowley, President (801) 599-3789 firstname.lastname@example.org Info: Derek Lindsay, CFO (514) 594-2372 email@example.com Media: Jean-Philippe Cote (514) 754-9407 firstname.lastname@example.org
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Source: Arianne Phosphate
CHICAGO--(BUSINESS WIRE)-- Fitch Ratings has upgraded the Issuer Default Rating (IDR) and senior unsecured rating of El Paso Natural Gas Company, LLC (EPNG) to 'BBB' from 'BBB-' and affirmed the IDR and senior unsecured ratings of Tennessee Gas Pipeline Company, LLC (TGP) at 'BBB' following Fitch's affirmation of Kinder Morgan Energy Partners, L.P. (KMP; IDR: 'BBB'/Stable Outlook). The Ratings Outlook for both issuers is Stable. Approximately $2.9 billion of debt is affected by today's rating action.
A full list of today's ratings action follows at the end of this release.
EPNG's ratings are supported by the low-risk nature and cash flow stability of the system's interstate FERC regulated pipeline operations. The upgrade in ratings reflects recent strengthening in the operating, financial and legal relationship between EPNG and its now 100% owner KMP. In contrast to TGP, EPNG is a smaller pipeline system and serves a more challenged geographic region where Fitch expects to see muted natural gas demand growth in the U.S. over the next several years, although it may see benefits from expected demand growth in Mexico. Roughly 89% of EPNG's revenue is from capacity reservation contracts with an average contract life of less than three years. Fitch believes that recontracting at current rates will be challenging for EPNG due to moderating U.S. demand and increased competition.
TGP's ratings are supported by the low-risk nature and cash flow stability of the system's interstate Federal Energy Regulatory Commission (FERC) regulated pipeline operations and the company's position as a premier pipeline system which serves and accesses growing demand and supply areas. The majority of TGP's revenue is from capacity reservation contracts with an average contract life of roughly five years. As part of the Kinder Morgan family, TGP is part of the largest natural gas network in the country, making it a more integrated, core piece of national infrastructure. Additionally, TGP sits directly over the emerging Marcellus and Utica shales, providing significant growth opportunities and an ability to expand its system to offer increased optionality for shippers. The ratings also recognize TGP's operating, operational, financial and legal relationship with KMP.
KEY RATINGS DRIVERS
Parental Relationship: The ratings reflect the credit profiles of TGP and EPNG are largely linked to its 100% owner KMP. The ratings consider the legal ties between TGP and EPNG and its new owner KMP have strengthened, and include a cross default provision in KMP's $2.7 billion, May 1, 2018 credit facility for all 'material subsidiaries', which Fitch believes include both EPNG and TGP. Strategic and operational ties are moderate to strong and include KMP's control of TGP's and EPNG's operational and financial decisions, including dividend policy, but debt at both TGP and EPNG are structurally superior to KMP's obligations. Fitch believes that the strong legal, operational and strategic ties between entities justify the linkage of EPNG and TGP's ratings to that of KMP. The benefit of this linkage is stronger for EPNG than for TGP, as EPNG has a weaker stand-alone credit profile. In this regard it is important to note that any removal or weakening of this linkage could lead to negative rating action at EPNG--for example, renegotiation of KMP's revolver which contains the cross default provision, or other events such as impairments or significant growth at the rest of KMP that led EPNG to be reclassified as a non-material subsidiary.
Cash Flow/Earnings Stability: TGP and EPNG are FERC regulated interstate natural gas pipelines with the majority of their capacity contracted for with long-term take-or-pay reservation contracts providing predictable, stable earnings and cash flows. As the result of a recent expansions and a 2011 rate settlement, TGP has been able to increase its rates and increase the amount of revenue it gets from volume/commodity price insensitive capacity reservation contracts with a weighted average life of roughly five years. EPNG's contracts have a shorter weighted average life of less than three years.
Geographic/Strategic Benefits: As part of the Kinder Morgan family, TGP and EPNG are now part of the third largest energy company in North America, as well as the largest natural gas network in the country. The Kinder Morgan network provides access to every supply and demand region for natural gas in the country. TGP delivers gas to one of the strongest demand regions of the country (the northeastern U.S.). Additionally, TGP sits directly over the emerging Marcellus and Utica shales, providing significant growth opportunities and an ability to expand its system to offer increased optionality for shippers. EPNG's service territory is a bit more challenged. Fitch expects natural gas demand to contract or remain flat in the southwestern U.S. as population growth in those regions has slowed dramatically and power generation demand (which is a main driver of gas demand) faces significant competition from alternative energy projects. EPNG's recent projects show increased demand from Mexico which will help the system.
Recontracting Risk: Both TGP and EPNG are exposed to the possibility that renewed capacity cannot be recontracted at current rates. However, this risk is more significant for EPNG. EPNG has a much shorter average duration on its long-term contracts than the rest of El Paso Corp.'s legacy pipelines. It remains to be seen how successful EPNG will be at recontracting this capacity without having to discount current rates, which could weigh on metrics going forward.
Positive: Future developments that may, individually or collectively, lead to positive rating action include:
--Fitch expects TGP 2013-2015 debt-to-EBITDA between 3.0x to 3.5x. Should metrics be materially better than this, Fitch would consider a positive rating action.
--A positive rating action at KMP.
Negative: Future developments that may, individually or collectively, lead to a negative rating action include:
--Significant increases in leverage to support organic growth and acquisitions;
--Inability to successfully recontract expiring contracts at beneficial rates and/or tenor;
--Weakening operating performance. Fitch expects EPNG debt/EBITDA to be between 4.1x to 4.5x for 2013-2015--leverage outside of this range could lead to a negative ratings action.
--A negative rating action at KMP. At EPNG, a removal of the cross default provision for EPNG under KMP's revolver.
Fitch has upgraded following ratings with a Stable Outlook:
El Paso Natural Gas Company, LLC
--IDR to 'BBB' from 'BBB-;
--Senior unsecured debt to 'BBB' from 'BBB-'.
Fitch has affirmed the following ratings with a Stable Outlook:
Tennessee Gas Pipeline Company, LLC
--IDR at 'BBB';
--Senior unsecured debt at 'BBB'.
Additional information is available at 'www.fitchratings.com'.
Applicable Criteria and Related Research:
--'Corporate Rating Methodology', Aug. 8, 2012;
--'Parent and Subsidiary Rating Linkage', Aug. 8, 2012;
--'Tax Event Risk and MLPs: Assessing a Change in Tax Status for MLPs', April 18, 2013;
--'The Top Ten Differences Between MLP and Corporate Issuers', Feb. 19, 2013;
--'Pipelines, Midstream, and MLP Stats Quarterly - Third Quarter 2012', Jan. 15, 2013;
-'2013 Outlook: Midstream Services and MLPs', Nov. 29, 2012;
--'Master Limited Partnerships 101', Nov. 1, 2011.
Applicable Criteria and Related Research:
Tax Event Risk and MLPs: Assessing a Change in Tax Status for MLPs
The Top Ten Differences Between MLP and Corporate Issuers
Pipelines, Midstream, and MLP Stats Quarterly - Third-Quarter 2012
Corporate Rating Methodology
Parent and Subsidiary Rating Linkage
2013 Outlook: Midstream Services and MLPs
Master Limited Partnerships 101
Fitch RatingsPrimary AnalystPeter MolicaDirector+1-212-908-0288Fitch Ratings, Inc.One State Street Plaza,New York, NY 10004orSecondary AnalystKathleen ConnellyDirector+1-212-908-0290orCommittee ChairpersonMark C. Sadeghian, CFASenior Director+1-312-368-2090orMedia Relations:Brian Bertsch, New York, +1 212-908-0549Email: email@example.com
Source: Fitch Ratings
ATLANTA--(BUSINESS WIRE)-- Pricer, a leading provider of electronic shelf labels (ESL) for retailers, today launched its new generation of ESL products –SmartTAG. Pricer’s SmartTAGs enable retailers to add more information to labels including one-off promotional messages, stock information and promotional discounts to boost sales and improve the in-store experience. Retailers can also add QR codes or NFC enabled labels to link customers –with a simple scan of their smartphones –to online marketing campaigns, recipes sites, reviews or social media.
“With SmartTAG, retailers can instantly provide customers with additional product information to provide an easier, more enjoyable shopping experience,” said Wyatt Alston, General Manager, Pricer, Inc. “The new labels still provide clear, readable displays, but go one step further to connect the retailer with the customer.”
Pricer SmartTAGs allow stores to automatically and instantly update and align their in-store prices of their online stores –so stores can offer their customers a truly unified shopping experience, whether online, in-store or on their mobile. The labels come with integrated tools that improve promotion messaging in stores. Furthermore, they are fitted with Pricer’s exclusive SmartCLIP slot, so that eye-catching promotional shelf-talkers and wobblers can be attached with ease. With the SmartFRAME, on-shelf messages can be multiplied as retailers can simply slot pre-printed or customized promotions around the price label as well as on the side.
“Our new generation labels provide a unique, new avenue for retailers to reach customers and make strategic pricing decisions,” added Altson. “In such a competitive industry, it is critical to be able to make instant updates and provide additional product information to maximize profit and avoid lost sales.”
The SmartTAG label family comes in a wide range of sizes to suit the specific needs and requirements of any store. SmartTAG segment labels –with LCD displays for easy updating and colored promotion and price zones –come in small, medium and large. SmartTAG HD graphic labels feature crisp, high definition displays, with epaper technology for better rendering of text and easier readability. SmartTAG HD labels are available in small, medium, large and extra-large.
For a demonstration of Pricer’s SmartTAG, please visit http://www.youtube.com/watch?v=laqSPIvJZss.
For more information, please visit www.pricer.com.
Follow us on Twitter! @PricerAB
Pricer is the world leader in providing electronic shelf labeling solutions to retailers. The Pricer solution provides high-speed updates of your price and product information to your digital shelf labels, with the best readability and contrast of all labels worldwide. Whatever your store size, Pricer has an affordable, smart solution for improving your store margins and increasing customer satisfaction.
TORONTO, May 21, 2013 (GLOBE NEWSWIRE) -- Gemoscan Canada, Inc. ("Gemoscan" or the "Company") – (TSX-V: GES), (MUN:1GE) announces that, subject to regulatory approval, it will be extending two, previously announced, shares for service submissions.
Further to the Company's press releases of September 12, 2012, February 6, 2013 and April 4, 2013, it is seeking approval from the TSX Venture Exchange ("TSXV") to extend an existing shares for service application ("Submission One"). The TSXV granted acceptance of Submission One on September 20, 2012, an extension to Submission One on February 14, 2013 and a further revision to Submission One on April 11, 2013. Under the current terms of Submission One the Company pays a consulting fee to a firm (the "First Consultant") in exchange for the provision of certain strategic advisory services of Cdn.$7,500 per month, all of which is satisfied through the issuance of Class A shares ("Shares") in the Company. The Company will, subject to regulatory approval, extend Submission One by an additional one month period, to the end of May 2013. The number of Shares to be issued to the First Consultant will be determined by using the closing price of the Shares on the TSXV on the first trading day of June 2013.
The revision to Submission One is subject to approval by the TSXV and to compliance with all applicable regulatory requirements.
Further to the Company's press releases of September 12, 2012 and February 22, 2013, it is also seeking approval from the TSXV to extend a second existing shares for service application ("Submission Two"). The TSXV granted acceptance of Submission Two on September 20, 2012 and an extension to Submission Two on March 4, 2013. Under the current terms of Submission Two the Company pays a consulting fee to a firm (the "Second Consultant") in exchange for the provision of certain strategic advisory services of Cdn.$17,000 per month, of which Cdn.$7,000 per month is satisfied through the issuance of Shares in the Company. The Company will, subject to regulatory approval, extend Submission Two by an additional one month period, to the end of May 2013. The number of Shares to be issued to the Second Consultant will be determined by using the closing price of the Shares on the TSXV on the first trading day of June 2013.
The revision to Submission Two is subject to approval by the TSXV and to compliance with all applicable regulatory requirements.
ABOUT GEMOSCAN CANADA, INC.
Gemoscan is an industry leader in food intolerance management and maintains a first-to-market position with Canada wide distribution through select retail partners. Founded in 2003, using its proprietary patented technology; Gemoscan develops, owns and markets comprehensive food sensitivity and dietary management solutions for consumers, including the HEMOCODETM Food Intolerance System, a personalized naturopathic nutritional program that promotes well-being. Gemoscan is the first and only provider to commercialize a food intolerance management solution directly to consumers in partnership with retailers, and today offers the most comprehensive services available.
Gemoscan Canada, Inc. trades its shares on the Toronto Venture Exchange (TSX-V) under the symbol GES and is quoted on the Munich, Frankfurt and Stuttgart Stock Exchanges under the symbol 1GE.
This news release contains certain "forward-looking information". All statements, other than statements of historical fact that address activities, events or developments that Gemoscan believes, expects or anticipates will or may occur in the future. These forward-looking statements reflect the current expectations or beliefs of Gemoscan based on information currently available to Gemoscan. Forward-looking statements are subject to a number of significant risks and uncertainties and other factors that may cause the actual results of Gemoscan to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on Gemoscan. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, Gemoscan disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although Gemoscan believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
CONTACT: FOR ADDITIONAL INFORMATION CONTACT: Gemoscan Canada, Inc. Brian Kalish Director, President and CEO (416) 650-1200 Email: firstname.lastname@example.org Company website: www.gemoscan.comSource: Gemoscan Canada, Inc.
NEW YORK, May 21, 2013 /PRNewswire/ -- Major League Soccer Commissioner Don Garber announced today that a partnership of global sports powers, Manchester City Football Club and the New York Yankees, has acquired the League's 20th expansion club. The new team will be named New York City Football Club (NYCFC) and expects to begin play in 2015.
CLICK HERE for images and video from today's announcement.
"We proudly welcome two of the most prestigious professional global sports organizations to Major League Soccer," said MLS Commissioner Don Garber. "This is a transformational development that will elevate the league to new heights in this country. The New York area is home to more than 19 million people, and we look forward to an intense crosstown rivalry between New York City Football Club and the New York Red Bulls that will captivate this great city."
"New York is a legendary sports town, as well as a thriving global city with a rapidly expanding soccer fan-base," said Ferran Soriano, CEO of Manchester City Football Club, who will oversee the process of filling top New York City FC leadership positions in the weeks to come. "We are thrilled to contribute to the energy and growth of New York City Soccer. In the Yankees, we have found the absolute best partner for developing a world-class sports organization and a winning team that will carry the New York City Football Club name with pride."
Manchester City will be the majority owner of the new Club. As an investor, the Yankees will be an active member of the ownership group. The New York Yankees and Manchester City Football Club have an existing commercial relationship through Legends Hospitality, LLC, an international entertainment, hospitality and marketing organization. Yankee Stadium is pleased to be hosting Manchester City on Saturday, May 25 for a "friendly" match against Chelsea FC, giving New York area fans a rare opportunity to see two outstanding English Premier League clubs up close.
"We are pleased to be associated with this major move by MLS to increase its presence in the New York market and to enhance the opportunity for New York soccer fans to enjoy high-level play in their own city. We look forward to the opportunity to work with Manchester City to create something very special for the soccer fans of New York -- and to bringing another terrific team to this city for all sports fans to enjoy," said Hal Steinbrenner, managing general partner of the New York Yankees. "Randy Levine, president of the New York Yankees, will be the point person in leading the effort to launch and establish the team on behalf of the organization," Mr. Steinbrenner added.
With millions of residents watching soccer every week and nearly two million people actively playing the game, the New York/New Jersey area is one of North America's most vibrant and proud soccer communities. The region has filled stadiums for countless marquee soccer events including the 1994 FIFA Men's World Cup, the 1999 FIFA Women's World Cup, three MLS All-Star Games and numerous international exhibition matches. NYCFC becomes the first MLS club whose home will be located within the five boroughs, joining the Red Bulls as the second MLS club in the metropolitan area.
"Soccer is one of the world's most exciting and popular sports, and it should be played on the world's biggest stage -- in New York City," said Mayor Michael R. Bloomberg. "New Yorkers are the greatest sports fans in the world, and they will welcome a Major League Soccer franchise with the full-throated and loyal support they are famous for. Manchester City has a great reputation for both winning teams and serious community investment, and that will help them fit in well with the excellent leadership of New York City's other professional sports teams. Increasingly, sports events and activities -- from the NHL playoffs to the MLB All-Star game to the SuperBowl -- are spurring economic growth, as our investments in new arenas and infrastructure are paying off."
MLS was advised by Joe Ravitch and The Raine Group in connection with this transaction.
Future: A Home Field for NYC's Newest Team
New York City FC is committed to seeking a new permanent stadium in New York. Until that time, the new team is arranging to play in an interim home beginning in its inaugural MLS season in 2015. Over the past year, MLS began discussions with the City of New York and other stakeholders about the possibility of constructing a new stadium in Flushing Meadows Corona Park (FMCP) in Queens. The Club's new management will continue these discussions with local government officials, community residents and businesses, soccer leagues, and MLS. The Club will continue to review other potential sites as well.
"New York City FC will have a permanent home in the City in the great traditions of New York sports and world soccer -- a home that must be a sports, commercial and civic success," Soriano said. "But in considering any stadium site, we will listen first. This is what we have always done in Manchester and what we will do in New York. Only in this way, can the Club truly represent the City whose name it will carry."
"City Soccer in the Community": NYC FC's Commitment to Youth Soccer in NYC
Manchester City is a leader among sports organizations in its charitable efforts, with one-sixth of its staff fully dedicated full-time to community outreach. Building on this tradition of community outreach, New York City FC will expand and enhance the grassroots youth soccer program "City Soccer in the Community," which it has been running in New York since 2010. The program, now headquartered at PS 72 (Lexington Academy) in East Harlem, which boasts New York City's only rooftop soccer field, provides quality soccer instruction and programming to thousands of children in 20 NYC public schools each year. New York City FC looks forward to expanding its community outreach to bring soccer to thousands of more kids throughout the five boroughs.
Manchester City has funded the construction of soccer facilities for youth in New York, Chicago, Los Angeles, Miami and Washington D.C. For more on City Soccer, click here. In addition, the "City in the Community," foundation focuses on similar initiatives worldwide.
About Manchester City FC
Since new ownership took over five years ago, Manchester City has gained its place as one of England's most successful football clubs and one of the fastest growing clubs in the world, on and off the field. Last spring, Manchester City won the 2012 Barclay's Premier League Championship. This year it finished second in the League and was the FA Cup runner up. Manchester City FC is wholly owned by the Abu Dhabi United Group.
About New York Yankees
Established in 1903, the New York Yankees are Major League Baseball's most storied franchise with 27 World Championships and 40 American League pennants.
About Major League Soccer
Headquartered in New York City, Major League Soccer is the top-flight professional soccer league in the United States and Canada. MLS features many stars from the U.S., Canada, and around the world. Major League Soccer's 18th season features 19 clubs each playing 34 regular-season matches. Those clubs include the Chicago Fire; Chivas USA; Colorado Rapids; Columbus Crew; D.C. United; FC Dallas; Houston Dynamo; 2012 MLS Cup champion LA Galaxy; Montreal Impact; New York Red Bulls; New England Revolution; Philadelphia Union; Portland Timbers; Real Salt Lake; San Jose Earthquakes; Seattle Sounders FC; Sporting Kansas City; Toronto FC and Vancouver Whitecaps FC. New York City FC, was unveiled May 21, 2013. For more information about MLS, log on to the league's official website at www.MLSsoccer.com.
CONTACTDan Courtemanche, Major League Soccer, 212-450-1225, Dan.Courtemanche@MLSsoccer.com Will Kuhns, Major League Soccer, 212-450-1206, Will.Kuhns@MLSsoccer.com Vicky Kloss, Manchester City, 212-450-1298, Vicky.Kloss@mcfc.co.uk Alice McGillion, New York Yankees, 212-843-8039, AMcgillion@rubenstein.com
SOURCE Major League Soccer
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