Conduit works diligently to link investors to opportunity for the creation of new wealth. Conduit Investor Relations provides investor awareness to undervalued underappreciated public venture companies or private companies with a goal to become public. Conduit only works with opportunities that it believes are likely to create substantial new wealth for all stake holders. Conduit will utilize its vast experience and network with in the investment industry to help investors understand the current a future potential of the companies it represents.
Helping create new wealth by linking investors to quality opportunity.
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Clean Seed: Precision Technology – Precision Manufacturing – Precise Management
Conduit Investor Relations provides investor awareness to undervalued underappreciated public venture companies or private companies with a goal to become public. Conduit only works with opportunities that it believes are likely to create substantial new wealth for all stake holders. Once an opportunity has been identified, Conduit performs an extensive due diligence process to ensure:Process 01 | #
The company is operating in an ethical and compliant manner A significantly higher valuation is justified given the company’s current situation and prospects for the future. The opportunity represents a possibility of significant wealth creation all shareholders. The project represents an opportunity for Conduit where it feels it can add value to and contribute to the success of the company. Management’s interest and upside is closely aligned with investors.Process 02 | #
Once Conduit has identified an opportunity that meets the criteria of a Conduit client, it works with the client’s management to design and implement a strategy to bring awareness and ensure the venture is sufficiently capitalized. Conduit does this byProcess 03
Introducing the new wealth creation opportunity, as well as the risks, to Conduit’s extensive network of professional and retail market participants. When necessary Conduit will assist with the raising of new capital and advise on any necessary changes to capital structure. Works with Conduits partners to implement a social and traditional media presence. Sets up meetings and road shows on behalf of management with qualified professionals and high net worth retail market participants. Updates existing share-holders through both in bound and out bound calling and email campaigns.Process 04
BLACK IRON ENGAGES BBA TO DEVELOP REVISED PEA BASED ON
FAVOURABLE UKRAINE EXCHANGE RATE & PHASED PLANT DEVELOPMENT
TORONTO, July 19, 2017 – Having recently received extremely encouraging results from an order of magnitude economic estimate, Black Iron Inc. (“Black Iron” or the “Company”) has decided to proceed with a new Preliminary Economic Assessment (“PEA”) on it’s 100% owned Shymanivske Project (“Project”)
The order of magnitude estimate was conducted to validate management’s belief that the Project has maintained its economic viability given major changes that have occurred in both iron ore sales prices and Ukraine exchange rates. Although completed by top tier engineering firm, the order of magnitude study is not NI 43-101 compliant and was only completed to reinforce the Company’s internal work that it makes sense to proceed with new PEA. Based on the study results, which use a conservative iron ore price of US$60/T, Black Iron management have engaged BBA to produce a new NI 43-101 compliant PEA so the projected financial returns
can be shared with investors.
As background, Black Iron released a positive feasibility study on the Project in 2014. The study was based on the annual production of high grade 68% iron content concentrate, used the long-term broker consensus iron ore price at the time of US$95/T and an exchange rate of eight Ukrainian Hryvnia(UAH) to the U.S. dollar. Today the exchange rate is approximately 26UAH:US$1 and iron ore
with 62% iron content is selling for ~US$64/T. Using the current exchange rate
is expected to materially reduce the projected upfront capital cost since a significant
amount of the construction costs including labour, concrete, steel and secondary
equipment such as conveyors will be Ukraine based. The lower exchange
rate also results in significantly lower operating costs as achieved by existing Ukraine iron ore miners including Ferrexpo, Metinvest and ArcelorMittal.
The new PEA, like the recent order of magnitude study, will be based on a scaled down, yet expandable design. Instead of producing 9.9MT per year as used
in the 2014 feasibility study, the new PEA will illustrate the economics of
developing the Project in several phases starting with a 4MT per year operation. Given the current market and political environment, management feels that the smaller operation with far less capital expenditure requirements will be better received by investors. Subsequent phases to increase production can also be largely self funded using the cash flows generated from the first 4MT per year
Shymanivske is a very unique project in that all of the major infrastructure including rail, power, port and skilled local people are located in very close proximity to the deposit allowing for the project to be economic
at lower than typical production rates required for an iron ore mine. Further, Shymanivske concentrate is expected to be a superior 68% product with very low impurities making it a premium priced product ideal for blending with lower grade
products to make quality steel. Currently, each additional 1% iron content is
commanding a ~US$4 per 1% premium so at today’s benchmark price of ~$65/T, Black Iron’s product should sell for ~US$89/T.
Black Iron’s CEO Matt Simpson commented “I am very excited to reinvigorate the Shymanivske Project as this is a mine that is technically de-risked based on the favourable 2014 feasibility study and was very close to be constructed with funding
largely from our former development partner Metinvest and a large
international trading company that had visited site multiple times to discuss a prepaid offtake agreement.
Based on the current favourable exchange rate largely offsetting lower iron prices, I am confident that the PEA results will demonstrate to both existing and new shareholders the robust and economic attractiveness of the Shymanivske Project”.
BBA led the preparation of the Company’s former PEA and therefore is highly familiar with the Project to complete the new PEA in an efficient manner. The Company expects to release the results of the PEA and file a technical report prepared in accordance with National Instrument 43-101 in Q4 2017.
Iron Ore Price Jumps to 8 Week High.
Physical markets, not just futures speculation behind the latest rally
Conduit Investor Relations Client Black Iron Bki-T seems greatly undervalued at it’s current market price and could likely provide great leverage to increases in the iron ore price.
Black Iron is an advanced stage Iron Ore company that originally completed a bankable feasibility study in 2014,
Black Iron BKI-T originally went public at a price of 1.40 per share in 2011 and raised approximately 36 million dollars on the IPO.
The company currently has a strong cash position with approximately 7 million Canadian in Treasury
Black Iron ‘s 100% owned Shymanivske is located close to rail, power and a qualified work force.
The company is working towards a revised operation plan, details are expected to be released soon.
The projects proximately to infrastructure will likely show strong economics at current prices and provide for great upside leverage should prices continue to rebound.
Current Price .085/share
Shares Issued approximately 160 million
52 week High /Low .165/.03
Derek Wood Founding Partner
Direct: 403 668-7855
PRESIDENT OF BLACK IRON ACQUIRES SHARES & BLACK IRON ENGAGES CONDUIT INVESTOR RELATIONS
For Immediate Release
TORONTO, MAY 9, 2017 – Black Iron Inc. (“Black Iron” or the “Company”) (TSX: BKI) is pleased to announce that Michael Spektor, Black Iron’s recently appointed President, has started to acquire a considerable number of Black Iron shares on the Toronto Stock Exchange given his strong belief in the future development of the Shymanivske iron ore project. Mr. Spektor now owns 1,775,000 Black Iron common shares.
The Company is also pleased to announce that it has retained the services of Conduit Investor Relations Ltd. (“Conduit”) to provide investor relations services, including increasing awareness of its high quality Shymanivske iron ore project. Conduit is an investor relations and corporate advisory business founded by Derek Wood. Mr. Wood has been involved in the Canadian Securities Industry for decades and has an established network of professional and retail market participants with an interest in small cap opportunities. Conduit will initiate contact with its network of market participants, as well as, current stakeholders, and other members of the financial community to introduce Black Iron as a compelling investment opportunity and keep them apprised of ongoing company developments.
Derek Wood commented: “Conduit only works with a very small number of select clients and is excited to be working with Black Iron. Before taking on a client, Conduit must believe that new and existing investors are likely to be well rewarded by the substantial creation of new wealth. Conduit works to understand the potential returns and risks associated with investing with a client and then works diligently to convey that message to market participants. Conduit is impressed with Black Iron’s diverse and talented management team and board members and extremely confident that Black Iron’s Shymanivske iron ore project is a world class deposit that will be brought into production.”
About Black Iron
Black Iron is an iron ore exploration and development company, advancing its 100% owned Shymanivske project located in Kryviy Rih, Ukraine. The Shymaniviske project contains a NI 43-101 compliant resource estimated to be 645.8 Mt Measured and Indicated mineral resources, consisting of 355.1 Mt Measured mineral resources grading 32.0% total iron and 19.5% magnetic iron, and Indicated mineral resources of 290.7 Mt grading 31.1% total iron and 17.9% magnetic iron, using a cut-off grade of 10% magnetic iron. Additionally, the Shymanivske project contains 188.3 Mt of Inferred mineral resources grading 30.1% total iron and 18.4% magnetic iron. Full mineral resource details can be found in the NI 43-101 compliant technical report dated January 24, 2014 titled “Feasibility Study of the Shymanivske Iron Ore Deposit for Black Iron Inc.” under the Company’s profile on SEDAR at www.sedar.com. The Shymanivske project is surrounded by five other operating mines, including ArcelorMittal’s iron ore complex. Please visit the Company’s website at www.blackiron.com for more information.
The technical and scientific contents of this press release have been prepared under the supervision of and have been reviewed and approved by Matt Simpson, P.Eng, CEO of Black Iron, who is a Qualified Person as defined by NI 43-101.
For more information, please contact:
Matt Simpson Derek Wood
Chief Executive Officer Conduit Investor Relations
Tel: +1(416) 309 2138 +1 (403) 200 3569
This press release contains forward-looking information. Forward-looking information is based on what management believes to be reasonable assumptions, opinions and estimates of the date such statements are made based on information available to them at that time, including those factors discussed in the section entitled ‘‘Risk Factors’’ in the Company’s annual information form for the year ended December 31, 2016 or as may be identified in the Company’s public disclosure from time to time, as filed under the Company’s profile on SEDAR at www.sedar.com. Forward-looking information may include, but is not limited to, statements with respect to the Shymanivske project, insiders acquiring or disposing securities of the Company, the Company’s ability to obtain the requisite land rights for the Shymanivske project, the impact of the appointment of Conduit, and future plans for the Company’s development. Generally, forward looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or 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 information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; other risks of the mining industry and the risks described in the annual information form of the Company. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information 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 information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
N ENGAGES CONDUIT INVESTOR RELATIONS
Clean Seed (TSXV: CSX):
Launches New CX-6 SMART Seeder™ Website and Dealer Portal to Complement Existing Marketing and Awareness Initiatives.
May 2nd, 2017 – Vancouver, British Columbia – Clean Seed Capital Group Ltd. (“Clean Seed” or the “Company”) (TSX-V: CSX) has launched its new CX-6 SMART Seeder™ website showcasing the CX-6 SMART Seeder™ revolutionary features, a summary of technical specifications and a customized dealer locator allowing customers to find a SMART Seeder™ dealer closest to their geographical location. In addition, Clean Seed has implemented a secured “dealer portal” designed specifically for our authorized dealer network. The dealer portal offers our authorized dealers instant access to all things SMART Seeder™ including our Quick Start Guides, Troubleshooting Guides, frequently asked questions, sales and marketing materials.
This new SMART Seeder™ website and dealer portal is one of the cornerstones of our marketing initiatives and awareness programs. Rocky Mountain Equipment’s spring 2017 SMART Seeder™ demonstration program is currently underway across Western Canada and the Torgerson’s demonstration programs is expected to begin in the United States this fall.
To view the new CX-6 SMART Seeder™ website go to: http://www.cx6smartseeder.com
About Clean Seed Capital Group Ltd.
The common shares of Clean Seed Capital Group Ltd. are listed on the TSX Venture Exchange and trade under the symbol “CSX”. Clean Seed is at the forefront of an agricultural shift to unparalleled high definition seeding technologies.
Clean Seed has developed an advanced precision no-till seeding system comprising several individually patented technologies, including in-ground openers, proprietary seed and fertilizer metering, and electronic control systems. Our most recent ground breaking achievement is also our most advanced and innovative to date: the award winning CX-6 SMART Seeder™, which is an industry first!
The ground-breaking CX-6 SMART Seeder™ creates a new standard within the large-scale farm equipment market. For further information please contact Clean Seed at 604-566-9895 and visit our website athttp://www.cleanseedcapital.com.
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