TORONTO, ONTARIO--(Marketwire - Feb. 9, 2012) - Portex Minerals Inc. ("Portex" or the "Company") (formerly Strategic Resource Acquisition Corporation) (CNSX: PAX) is pleased to announce that it has submitted its application for listing on the Toronto Venture Exchange. Raymond James Ltd. is providing the sponsorship for the application. In conjunction with the listing, Portex expects to raise between $2 million and $3 million of additional capital. The terms of this financing have not yet been determined.
Portex is also pleased to announce that it has commenced the second phase of its drill program which, when completed, is expected to consist of at least five additional holes for a total of approximately 1,500 to 2,000 meters. As part of its work program for 2012, Portex also expects to undertake mineralogical and metallurgical test work, provide an updated resource estimate and complete a preliminary economic assessment for the development of the Lagoa Salgada deposit. The timing of the various components of the 2012 work program may vary.
Portex is a Toronto-based mineral development company, focused on acquisition and development of base and precious metal properties in the Iberian Peninsula (Portugal and Spain). The Company's principal property is the Lagoa Salgada concession in Southern Portugal. The Lagoa Salgada concession hosts the Lagoa Salgada deposit, a polymetallic volcanogenic massive sulphide ("VMS") deposit which consists primarily of lead and zinc, along with some gold, silver and copper. The concession is 134 km2 in area and is close to infrastructure including highways, rail, power and labour supply. Portex recently completed a NI 43-101 Technical Report and Resource Estimate (Wardrop, a Tetra Tech company ("Tetra Tech"), January 9, 2012) which showed an indicated resource, at a 3.5% Zinc-Equivalent ("Zn-Eq") cut-off, of 2.9 million tonnes at 7.2% zinc equivalent and an inferred resource of 1.6 million tonnes at 5.5% zinc equivalent, as announced previously in Portex's news release dated January 4, 2012. The NI 43-101 Technical Report and Resource Estimate was filed on SEDAR on January 11, 2012.
Portex continues to proceed with its previously announced proposed acquisition of the Toral and Lago lead/zinc properties in North West Spain. The transaction is subject to a number of conditions including shareholder approval at the Portex annual and special meeting to be held on March 22, 2012.
Terence Chandler, P.Geo., Executive Vice President of Portex Minerals Inc. is the Qualified Person responsible for the technical disclosure of Portex's exploration plans contained in this release and in conformance with the standards of National Instrument 43-101. Paul Daigle, P.Geo of Tetra Tech is the Qualified Person responsible for the referenced disclosure in the Technical Report entitled "Lagoa Salgada Project, Portugal-Resource Estimate Update", dated January 9, 2012, available on www.sedar.com, in conformance with the standards of National Instrument 43-101.
This news release contains "forward-looking information" which may include, but is not limited to, statements with respect to the future financial or operating performance of the Company and its projects. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements contained herein are made as of the date of this press release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances, management's estimates or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
Shares outstanding: 28,138,080
The CNSX does not accept responsibility for the adequacy or accuracy of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Portex Minerals Inc.
Peter F. Chodos
416.479.5417
pchodos@portexminerals.com
Source: Portex Minerals Inc.
NORCROSS, Ga., Feb. 9, 2012 /PRNewswire/ -- BravePoint®, Inc., leading provider of technology agnostic business intelligence (BI) and data warehousing solutions, is participating for the first time at The Data Warehousing Institute (TDWI) World Conference in Las Vegas this February. BravePoint is announcing its unique approach to BI and data warehousing implementation, called the BI Blueprint. This approach combines a technology agnostic outlook with a problem solving focus to achieve a collaborative solution that is refreshingly customer centric.
- Provides company with the planned end result of the BI project
- Lists future opportunities to build upon the solution and highlights business process improvements
- Estimates the effort required to complete each of the tasks identified in the Blueprint
"Our approach to your BI project always begins with a discovery session in which we define the required key performance indicators, or KPIs, with the stakeholders in your organization," says Michael Marriage, Principal Architect and Strategist for the BravePoint BI Blueprint team. "We are looking to uncover opportunities that will be the most beneficial to the organization. An opportunity may come in the form of a key performance indicator, an automation initiative, or even a business process improvement effort. We believe this value-added, customized approach sets us apart from other BI providers, and we are thrilled to announce our solution here at the Vegas TDWI event."
"Business Intelligence that is unique and customized for an individual organization can be a challenging and complex undertaking," says BravePoint Vice President of Sales, Sean Garguilo. "There have been applications on the market for decades that provide a one size fits all approach to this process, but ours is one of the first to provide a technology agnostic, collaborative, problem solving approach to address both present and future BI needs."
This approach makes it easy for companies to identify the KPIs that will be most meaningful to their increased efficiency and business process improvement. The process achieves the buy-in of key stakeholders of the organization from day one and provides the entire team with a no surprises path of information as the process moves forward.
The BravePoint BI BluePrint provides:
- A clear cut objective of your BI project based upon needs identified during the discovery process
- A recommended best practice approach to achieve the objectives and avoid pitfalls
- A list of identified enhancements to achieve future BI needs
- Identification of business process improvements that can be addressed
- An estimation of the work required to complete each task identified in the BI Blueprint
"The BravePoint BI BluePrint approach is the result of 20+ years of expertise and experience of some of the best BI architects and business process analysts in the business," added Mr. Garguilo. "We believe such an approach is needed in the BI space and we look forward to helping our clients implement customized, smart BI solutions to gain a competitive advantage and a quick return on investment."
About BravePointHeadquartered in Norcross, Georgia, BravePoint®, Inc. is a leading provider of consulting, training, and application development to a variety of clients worldwide. Since 1987, BravePoint has applied business experience and technology expertise to improve customers' profitability and competitiveness with the use of technology.
BravePoint is a subsidiary of Chesapeake Utilities Corporation (NYSE: CPK). For more information about BravePoint, please visit www.bravepoint.com. All third party trademarks are the property of their respective owners.
Chesapeake Utilities Corporation is a diversified utility company engaged in natural gas distribution, transmission and marketing, electric distribution, propane gas distribution and wholesale marketing, advanced information services and other related services. Information about Chesapeake's businesses is available at www.chpk.com.
FOR MORE INFORMATIONContact Barbara WareMarketing DirectorBravePoint, Inc.(770) 449-9696www.bravepoint.com
SOURCE BravePoint, Inc.
WASHINGTON, Feb. 9, 2012 /PRNewswire-USNewswire/ -- The U.S. Consumer Product Safety Commission and Health Canada, in cooperation with the firm named below, today announced a voluntary recall of the following consumer product. Consumers should stop using recalled products immediately unless otherwise instructed. It is illegal to resell or attempt to resell a recalled consumer product.
(Logo: http://photos.prnewswire.com/prnh/20030904/USCSCLOGO)
Name of product: Tassimo espresso T Discs
Units: About 2.1 million packages in the United States and an additional 1.9 million in Canada
Manufacturer: Kraft Foods Global Inc., of Northfield, Ill.
Hazard: The recalled espresso T Discs can become clogged and spray hot liquid and coffee grounds onto consumers and bystanders during or after brewing, posing a burn hazard.
Incidents/Injuries: There have been 21 reports of incidents of hot liquid and/or coffee grounds spraying onto consumers and bystanders, including four reports of second-degree burn injuries. One injury involved 2-year-old girl from Canada who received second-degree burns to her face.
Description: This recall involves Gevalia, Maxwell House and Nabob brand espresso
T Discs. The T Discs are plastic discs filled with coffee that are inserted into Tassimo coffee makers to brew single cups of hot espresso drinks. They were sold in packages of eight or 16 espresso T Discs. T Discs with codes ending with 11213 through 12020 are included in this recall. The code is printed on the T Disc's foil lid and on the side of the package.
|
Recalled T Discs | |||
|
Gevalia |
Maxwell House |
Nabob |
Codes ending with |
|
Espresso |
Espresso |
Espresso |
11213 through 12020
|
|
Espresso Decaffeinated |
Café Collection Cappuccino |
Cappuccino | |
|
Cappuccino |
Café Collection Creme Cappuccino |
Decaf Cappuccino | |
|
Cappuccino Decaffeinated |
Café Collection Skinny Cappuccino |
Latte | |
|
Skinny Cappuccino |
Café Collection Latte |
Skinny Latte | |
|
Latte |
Café Collection Creme Latte |
| |
|
Caramel Latte Macchiato |
Café Collection Caramel Latte Macchiato |
| |
|
Mocha |
|
| |
|
Peppermint Mocha |
|
| |
No other T Discs are included in this recall.
Sold by: Department, mass merchandise, home improvement and other stores nationwide and on various websites, including www.tassimodirect.com, from August 2011 through February 2012 for between $8 and $11 per package.
Manufactured in: United StatesRemedy: Consumers should stop using the recalled espresso T Discs immediately and contact the firm for a full refund.
Consumer Contact: For additional information, visit www.tassimodirect.com/safetyrecall or call the firm toll-free at (866) 918-8763 between 8 a.m. and 8 p.m. ET Monday through Friday or between 8 a.m. and 1 p.m. ET Saturday.
Note: Health Canada's press release is available at http://cpsr-rspc.hc-sc.gc.ca/PR-RP/recall-retrait-eng.jsp?re_id=1541.
Photos available at http://www.cpsc.gov/cpscpub/prerel/prhtml12/12107.html
The U.S. Consumer Product Safety Commission (CPSC) is still interested in receiving incident or injury reports that are either directly related to this product recall or involve a different hazard with the same product. Please tell us about your experience with the product on SaferProducts.gov.
Firm's Recall Hotline: (866) 918-8763 CPSC Recall Hotline: (800) 638-2772 CPSC Media Contact: (301) 504-7908 HC Media Contact: (613) 957-2983
SOURCE U.S. Consumer Product Safety Commission
HARRISBURG, Pa., Feb. 9, 2012 /PRNewswire-USNewswire/ -- The Department of Environmental Protection has fined Chesapeake Appalachia LLC a total of $565,000 in civil penalties and reimbursement costs for erosion and sediment control violations, wetland encroachment violations and an April 2011 well control incident.
"The governor and I expect the highest standards to be met and when they are not, we take strong enforcement action," DEP Secretary Mike Krancer said. "We will continue to be vigilant on that front. The protection of the state's water is paramount."
West Branch Township, Potter County
DEP fined Chesapeake $215,000 for a March 2011 incident in West Branch Township, Potter County, where sediment discharged into a stream classified as high quality. High-quality streams receive some of the highest levels of protection in the state, and operators are expected to ensure their work does not negatively affect them.
In late February and early March, heavy rain caused significant erosion to an access road and Chesapeake's Beech Flats gas well pad, both of which lacked sufficient controls in place to prevent the run-off. As a result, significant amounts of sediment entered the Right Branch of Wetmore Run, a high-quality stream.
An inspection found that accelerated erosion had occurred at several spots on the access road and the well pad because the operator failed to construct adequate controls to prevent the run-off of sediment.
The sediment traveled downstream and impacted Galeton Borough Authority's water treatment filters. Chesapeake has since paid $190,000 to the authority to repair and upgrade the water supply facility and has made assurances it will reimburse the authority any additional costs associated with this incident.
DEP issued a compliance order that required Chesapeake to cease all activity at the site that would disturb earth, such as road maintenance and grading; movement of rock, soil or earth; and activity associated with gas drilling and extraction. Chesapeake was also ordered to implement additional measures designed to lessen environmental impact and submit a revised erosion and sediment control plan.
Soon after that, the company installed silt fences, silt socks, gravel surfacing of the access road and a stormwater capture ditch, and it submitted the revised plan.
Follow-up inspections determined that the violations were corrected. The authority thanked DEP for taking immediate action.
Leroy Township, Bradford County
In addition, Chesapeake paid $190,000 as part of a consent order and agreement after the operator lost control of a well head during hydraulic fracturing of the Atgas 2H Well in Leroy Township, Bradford County, on April 19, 2011. Fluids from the well mixed with rainwater and entered a nearby unnamed tributary to Towanda Creek and Towanda Creek itself.
On April 20, DEP detected levels of total dissolved solids, chlorides and barium that were higher than background levels at the mouth of the tributary, where it enters Towanda Creek. Subsequent testing further downstream and on the following days showed these levels returned to normal background levels.
Chesapeake took two days to stop the flow from the well and four days beyond that to bring the well fully under control. At DEP's request, Chesapeake suspended completion activities at well sites across the state for approximately three weeks while assessing its equipment's integrity, containment mechanisms and procedures.
Chesapeake's payment includes a $67,000 reimbursement for costs associated with the agency's response. The company must also conduct further testing, using an independent laboratory, of five groundwater monitoring wells from the surrounding area to ensure there were no impacts to groundwater from the release. Samples of the five monitoring wells taken in July, August and October 2011 showed levels consistent with regional groundwater quality.
North Towanda Township, Bradford County
In connection with a third site, DEP fined Chesapeake $160,000 as part of a consent order and agreement resulting from violations in 2010 of impacting a wetland and allowing sediment to enter Sugar Creek in North Towanda Township, Bradford County. Part of a well pad was built in the wetland. It was constructed with extremely high, steep slopes which, after significant precipitation, caused additional sediment to slide further into the wetland and the nearby stream.
A series of site inspections in July 2010 found that the well pad had been constructed partially in a wetland and the construction activities deviated from the site's erosion and sediment control plan, rendering the site vulnerable to erosion. DEP issued a notice of violation for encroaching on wetlands without a permit and failing to implement best management practices. A follow-up meeting also directed Chesapeake to develop a remediation plan.
By constructing the well pad in that way, the company filled a third of an acre of wetlands without authorization. There were additional temporary impacts to the wetland through erosion and tree clearing and in October 2010, heavy rains caused the middle portion of the pad's fill slope to fail and sediment to enter Sugar Creek and an unnamed tributary, as well as further impact the nearby forested wetland.
In addition to paying the penalty, the company has removed the fill from the impacted wetland and must construct 2.55 acres of replacement wetlands. The company is also required to submit regular, detailed wetlands restoration monitoring reports.
Chesapeake's actions constituted violations of the Oil and Gas Act, Clean Streams Law and the Dam Safety and Encroachments Act.
To view all the documents, visit www.dep.state.pa.us and click on "Regional Resources," then "North-central Region" and "Community Information."
Media contact: Kevin Sunday, 717-787-1323
SOURCE Pennsylvania Department of Environmental Protection
ST. LOUIS, Feb. 9, 2012 /PRNewswire/ -- EyePromise launched a new website for AMD Awareness Month to enhance education of the role of nutrition in managing AMD risk.
Directed toward consumers and EyeCare Professionals, AMDAwarenessMonth.com allows visitors to learn about Age-Related Macular Degeneration, receive a free AMD Awareness Kit that includes a patient education guide, the latest scientific research, product samples, and the chance to win a variety of prizes including gift cards, free products, and more.
Chris Barber, President of ZeaVision, the parent company of EyePromise, explains, "For our company, every month is AMD Awareness Month. For more than two decades, ZeaVision researchers have worked diligently to sponsor and conduct research, develop innovative products, and drive awareness of the very important role nutritional ingredients such as dietary Zeaxanthin (zee-uh-zan-thin) and others play in maintaining healthy vision."
A recent landmark clinical study demonstrates patients with a genetic risk for AMD significantly reduced their risk (approximately 40%) through consumption of food sources containing dietary Zeaxanthin, lutein, zinc, and Omega 3's.[1] Another recent clinical study demonstrated that daily supplementation of 8 mgs of dietary Zeaxanthin over 12 months significantly enhanced vision in elderly subjects with early AMD.[2]
About EyePromise
With more than 25 million doses consumed, EyePromise Restore is specifically formulated to support healthy vision with the highest available level of dietary Zeaxanthin (8mgs), the protective pigment eyes need most. EyePromise eye vitamins are evidence-based, doctor recommended, and made in the USA from the highest quality ingredients. All EyePromise products carry a 60-day money-back guarantee.
About AMD
Age-related macular degeneration (AMD) affects millions of people every year and is the leading cause of vision loss in people over age 50, according to the American Optometric Association. AMD affects the central portion of the macula - the part of the retina responsible for central vision. The disease is growing at an alarming rate, and education is the first step in fighting AMD. Everyone is encouraged to learn more at amdawarenessmonth.com.
About ZeaVision
ZeaVision is Passionate About Prevention and develops products for EyeCare Professionals and patients for managing Age-related Macular Degeneration (AMD) risk factors to maintain healthy vision. Its founders have conducted nearly 20 years of research and development and hold patents on Zeaxanthin, a natural antioxidant derived from paprika peppers and shown to increase macular pigment levels. The company also offers a state-of-the-art testing device as part of its Eye-Q Intelligent AMD Risk Management program. The measurement device, QuantifEye®, measures macular pigment optical density and allows EyeCare Professionals to measure, manage, monitor, and maintain healthy macular pigment levels, an important AMD risk factor. For more information, please visit www.eyepromise.com, www.zeavision.com or call 866-833-2800.
Logos:http://www.ereleases.com/pic/AMD-Awareness-logo.png http://www.ereleases.com/pic/2012-EyePromise-logo.jpg
ZeaVision, EyePromise, QuantifEye, and Eye-Q are the respective logos and registered trademarks of ZeaVision, LLC. All other trademarks herein are properties of their respective owners. All rights reserved.
[1] Lintje Ho et al. The Rotterdam Study; Reducing the risk of age related macular degeneration with dietary antioxidants, zinc, and Omega 3 fatty acids. Archives of Ophthalmology, June 2011.
[2] Richer et al. Randomized, double-blind, placebo-controlled study of zeaxanthin and visual function. The Zeaxanthin and Visual Function Study (ZVF). Optometry, 2011 Nov; 82 (11) 667-680.
Contact:
Sarah Reed Marketing ManagerZeaVision314-628-1000sreed@zeavision.com
This press release was issued through eReleases(R). For more information, visit eReleases Press Release Distribution at http://www.ereleases.com.
SOURCE ZeaVision, LLC
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