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Abitibi Metals Announces Final Upsize of its Previously Announced Private Placement to $7.1 Million Fully Allocated

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Abitibi Metals Corp.

April 8, 2024, London, OntarioTheNewswire – Abitibi Metals Corp. (CSE:AMQ) (OTCQB:AMQFF) (FSE:4KG) (“Abitibi” or the “Company“), is pleased to announce that, due to overwhelming interest, the Company’s non-brokered private placement previously announced on March 21, 2024 (the “Offering) has been upsized. The Offering will now consist of up to 10,702,627 common shares of the Company, which is expected to close on April 9, 2024, and has been fully allocated.

Jonathon Deluce, CEO of Abitibi Metals, stated, “We are pleased to announce the final upsize of this strategic financing. With a treasury of approximately $19 million on closing, Abitibi is in a unique position of strength in a challenging market, as we will be fully funded through 2025 to execute a 50,000-metre drill program and be in a position to deliver a PEA at the B26 Deposit. As both a passionate mining entrepreneur and investor, building compelling stories excites me, and I am grateful for the support Abitibi has received, which will enable us to successfully close the funds needed for a seven-year option within only four months. I believe 2024 is the beginning of a strong macroeconomic environment for gold and copper where high-grade growth stories like ours can flourish.”

Jim Deluce, Chairman of the Board and Largest Shareholder of Abitibi Metals, commented, “I am incredibly proud of what the team has accomplished in a challenging economic climate, raising over $21 million in 4 months to successfully secure our 80% earn-in across what was supposed to be a 7-year option. When Jonathon was appointed as CEO, he was challenged by the board to identify an asset with significant growth potential, something he very capably accomplished through the acquisition of the Beschefer Gold Project, where we drilled 4.92 grams per ton gold over 28.65 metres1, including 11.39 g/t Au over 9.1 metres1, a project we very much look forward to returning to in the near future.”

Mr.Deluce continued: “With B26, the team did it again – successfully identifying and bringing public an asset where, at Abitibi, we have only started to unlock its potential. With a robust treasury of approximately $19 million, an incredible corporate and technical team, and a world-class advisory team, Abitibi Metals now has a very strong foundation to build from as we continue to execute and remain extremely focused on building the next significant metals company in the Abitibi Greenstone Belt.”

The Offering consists of two parts: a) $5,109,021.78 of charity flow-through common shares (“CFT Shares”) priced at C$0.86/share for the issuance of 5,940,723 CFT Shares; and b) $2,000,000 of common shares priced at C$0.42/share for the issuance of 4,761,904 Common Shares. The CFT Shares will qualify as “flow-through shares” within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the “Tax Act”).

The gross proceeds from the Charity Flow-Through Offering will be used to incur “Canadian exploration expenses” that are “flow-through mining expenditures” (as such terms are defined in the Tax Act) related to the Company’s projects in Quebec. Gross proceeds from the Common Share offering will be used for general and administration expenses including funding for the PEA obligation, property option payments, and to scale up marketing & awareness initiatives.

Finder’s fees in cash or securities may be paid on gross proceeds of the Offering, as permitted by securities laws and the policies of the Canadian Securities Exchange (“CSE“). Eventus Capital Corp. has been appointed as a Finder in connection with the Offering.

The securities issued in connection with the Offering are subject to the Company’s filing requirements with the CSE, and all securities will be subject to a four-month and one day statutory hold period after closing.

ON BEHALF OF THE BOARD

Jonathon Deluce, Chief Executive Officer

For more information, please call 226-271-5170, email info@abitibimetals.com, or visit https://www.abitibimetals.com.

The Company also maintains an active presence on various social media platforms to keep stakeholders and the general public informed and encourages shareholders and interested parties to follow and engage with the Company through the following channels to stay updated with the latest news, industry insights, and corporate announcements:

Twitter: https://twitter.com/AbitibiMetals

LinkedIn: https://www.linkedin.com/company/abitibi-metals-corp-amq-c/

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Source:

  1. https://abitibimetals.com/goldseek-intersects-4-92-g-t-gold-over-28-65-meters-at-beschefer/ (QP-Martin Demers, P.Geo,ogq No 770)

Forward-looking statement:

This news release contains certain statements, which may constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking information involves statements that are not based on historical information but rather relate to future operations, strategies, financing plans, financial results or other technical developments or reports on the B26 Project or otherwise. Forward-looking information is necessarily based upon estimates and assumptions, which are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the Company’s control and many of which, regarding future business decisions, are subject to change. These uncertainties and contingencies can affect actual results and could cause actual results to differ materially from those expressed in any forward-looking statements made by or on the Company’s behalf. Although Abitibi has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. All factors should be considered carefully, and readers should not place undue reliance on Abitibi’s forward-looking information. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “expects,” “estimates,” “anticipates,” or variations of such words and phrases (including negative and grammatical variations) or statements that certain actions, events or results “may,” “could,” or “might” occur. Mineral exploration and development are highly speculative and are characterized by a number of significant inherent risks, which may result in the inability of the Company to successfully develop current or proposed projects for commercial, technical, political, regulatory or financial reasons, or if successfully developed, may not remain economically viable for their mine life owing to any of the foregoing reasons, among others. There is no assurance that the Company will be successful in achieving commercial mineral production and the likelihood of success must be considered in light of the stage of operations.

Copyright (c) 2024 TheNewswire – All rights reserved.

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Press Release

Sky-Blue Sets New Standards in Aviation with Custom-Designed, Eco-Friendly In-Flight Products

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Reading, UK, 19th October 2024, ZEX PR WIREThe global aviation industry is evolving, with airlines seeking innovative, sustainable solutions to enhance passenger experience while addressing environmental concerns. Sky-Blue, a leading designer and supplier of in-flight products, is rising to meet these demands. From eco-friendly textiles to bespoke amenity kits, Sky-Blue offers a unique blend of design-driven innovation and expert sourcing solutions, ensuring airlines worldwide can provide a superior, environmentally responsible service to their passengers. More information can be found at https://www.sky-blue.uk.

Elevating the Passenger Experience

Sky-Blue understands that every airline has its own identity, brand message, and passenger expectations. By offering bespoke design services, Sky-Blue allows airlines to curate in-flight products that perfectly reflect their brand and enhance the overall passenger experience. From luxurious amenity kits to customized cutlery and elegant glassware, Sky-Blue designs products that not only look beautiful but also perform flawlessly, creating lasting impressions in the sky.

“We believe that innovation and sustainability can go hand in hand,” said a spokesperson for Sky-Blue. “Our in-house design team works closely with our clients to ensure every product we deliver is tailored to their needs, while also contributing to a greener future for the airline industry.”

Sky-Blue’s offerings include a wide range of in-flight products, such as:

  • Amenity Kits: Personalized, premium kits for all cabin classes, featuring eco-friendly materials and innovative designs.

  • Cutlery & Tableware: Lightweight, durable, and elegant dining solutions, ranging from stainless steel to biodegradable materials.

  • Textiles: Sustainable fabrics for blankets, pillows, and napkins that are both soft and environmentally responsible.

  • Glassware: Beautiful, high-quality glassware collections, including stemless options for wine, champagne, and spirits.

  • Serving Items & Galley Equipment: Functional yet stylish items designed to enhance in-flight food service.

Whether you’re catering to first-class passengers or providing efficient, durable products for economy cabins, Sky-Blue ensures that each product reflects the highest standards of quality and innovation.

Design-Driven Innovation

What sets Sky-Blue apart is its focus on design-driven innovation. Sky-Blue’s in-house design team uses cutting-edge 3D visualization technology to work hand-in-hand with airline partners, creating products that are both visually appealing and technically sound. This close collaboration ensures that every detail, from the material selection to the final product design, aligns with the airline’s brand identity and the functional needs of in-flight service.

One of Sky-Blue’s flagship offerings is its Bone-China Collection—a timeless blend of sophistication and practicality. Lightweight yet durable, this collection redefines the dining experience onboard, particularly in first and business class. Alongside this, their Sky-Blue Tableware Collection provides an extensive range of durable and elegant options that balance design with function.

Sustainability at the Core

In a world where environmental responsibility is more critical than ever, Sky-Blue is committed to offering products that help reduce the aviation industry’s carbon footprint. This commitment to sustainability is evident in their extensive use of recyclable, biodegradable, and reusable materials.

“As the airline industry works towards reducing its environmental impact, we’re proud to be at the forefront, offering products that not only deliver on quality but also contribute to a more sustainable future,” the spokesperson added.

From using eco-friendly textiles to creating biodegradable amenity kits and tableware, Sky-Blue ensures that airlines can offer passengers the very best in comfort and convenience while staying mindful of the planet. The company’s Sustainability Vision focuses on leading the industry toward using fully recyclable and compostable in-flight products, setting a new standard for eco-conscious air travel.

Expert Sourcing and Logistics

Sky-Blue has built a strong reputation for its expert sourcing and logistical capabilities. The company boasts an extensive network of trusted factories, ensuring that all products meet the highest standards of quality and are delivered on time. This network, combined with Sky-Blue’s own distribution facility and logistical framework, guarantees reliable service, allowing airlines to maintain smooth operations and ensure passenger satisfaction.

From sourcing cutlery to managing the entire logistical supply chain, Sky-Blue is a trusted partner for airlines seeking seamless integration of in-flight products into their service offerings.

Curating Excellence for Every Cabin Class

Sky-Blue’s diverse product range caters to all cabin classes, from first and business class to premium economy and economy. Their ability to customize products for different levels of service allows airlines to provide passengers with a consistent, high-quality experience, no matter where they are seated.

  • First/Business Class: Elevate luxury with bespoke bone china, premium textiles, and custom-designed glassware.

  • Premium Economy: Offer a touch of elegance with tailored cutlery, serving items, and textiles designed for comfort.

  • Economy: Provide functional, durable products that balance practicality and design, ensuring passengers enjoy a seamless experience.

With Sky-Blue, every airline has the opportunity to differentiate itself, offering passengers not just a flight but an unforgettable experience.

Bespoke Design Services: Bringing Your Vision to Life

At the heart of Sky-Blue’s offerings is its bespoke design service. Sky-Blue’s design team works closely with airlines to create products that are fully customized, ensuring that every detail is perfect. Whether it’s creating unique patterns, choosing sustainable materials, or adding brand logos, Sky-Blue ensures that every product is tailor-made to meet the airline’s specific needs.

“Bespoke products allow airlines to reinforce their brand identity,” said the spokesperson. “With custom-made products, airlines can offer passengers something truly unique, setting them apart in a competitive industry.”

By incorporating the airline’s brand elements into the design, Sky-Blue’s bespoke solutions create products that feel cohesive, luxurious, and memorable.

A Trusted Partner in the Skies

With years of experience and a reputation for excellence, Sky-Blue has become the trusted partner for airlines seeking to enhance their in-flight product offerings. Sky-Blue’s expertise in design, sourcing, and sustainability, combined with its commitment to delivering bespoke, high-quality products, makes it the go-to supplier for airlines around the globe.

Sky-Blue’s mission is to revolutionize the airline industry by designing and supplying bespoke, sustainable products that enhance the passenger experience, while their vision is to set new industry standards in inflight comfort and environmental responsibility.

For more information about Sky-Blue’s products and services, visit www.sky-blue.uk, or contact them at +44 (0)118 958 9524 or via email at info@sky-blue.uk.

About Sky-Blue

Sky-Blue is a leading designer and supplier of bespoke in-flight products for the global airline industry. Offering everything from custom-designed tableware and glassware to eco-friendly textiles and amenity kits, Sky-Blue focuses on creating innovative, sustainable solutions that enhance the passenger experience. With a commitment to environmental responsibility, Sky-Blue works closely with airlines to deliver products that not only meet their needs but also help reduce their carbon footprint. Based in Reading, UK, Sky-Blue serves airlines worldwide, bringing excellence to the skies one product at a time.

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Press Release

Canadian Cat-Owners Assured Peace of Mind with CatKing Cattery’s After-Sales Guarantee

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Enjoy Unmatched Support and Care for Your Feline Friend with CatKing Cattery’s Comprehensive After-Sales Guarantee for Canadian Cat Owners.

Ontario, Canada, 19th October 2024, ZEX PR WIRECatKing Cattery, a premier breeder of British Shorthair and British Longhair kittens, proudly announces its commitment to providing Canadian cat owners with unparalleled peace of mind through its comprehensive after-sales guarantee. This initiative underscores CatKing Cattery’s dedication to ensuring the well-being of their kittens and the satisfaction of their clients, fostering lasting relationships that extend well beyond the adoption process.

Located in Ontario, CatKing Cattery has established itself as a leading name in the feline breeding community. As a legally registered cattery under TICA and CFA, it adheres to the highest standards of care and breeding practices. Each kitten is raised in a nurturing environment, receiving ample love, socialization, and attention, which contribute to their friendly and affectionate temperaments.

“Our mission is not just to place a kitten in a home but to create lasting relationships with our clients. Our after-sales guarantee reflects our commitment to supporting our families as they welcome a new furry member into their lives.” -a spokesperson from CatKing Cattery.

One of the standout features of CatKing Cattery’s after-sales guarantee is the extensive support it offers to new cat owners. From dietary guidance and grooming advice to behavioural consultations, CatKing Cattery ensures that clients have access to essential information that contributes to the well-being of their kittens. This proactive approach alleviates common concerns that first-time cat owners may face, allowing them to focus on enjoying their new companionship.

In addition to ongoing support, CatKing Cattery prioritizes the health and safety of its kittens. Before leaving the cattery, each kitten undergoes thorough veterinary examinations and health screenings. Clients receive detailed documentation of their kitten’s health history, ensuring transparency and peace of mind. “We take great pride in our breeding practices and the health of our kittens,” the spokesperson adds. “Our after-sales guarantee is an extension of that commitment, providing reassurance to our clients that they are well taken care of.”

The dedication to excellence at CatKing Cattery extends to the selection of breeding stock. The cattery’s kittens are not only stunning but also possess the ideal temperaments sought by cat lovers. With a proven track record of success in international competitions, CatKing Cattery emphasizes both physical beauty and personality in its breeding program. This focus on breeding healthy, well-mannered kittens ensures that families receive delightful companions capable of enriching their lives.

Whether you reside in Toronto, Vancouver, Calgary, or any other part of Canada, prospective cat owners can feel confident when choosing CatKing Cattery. The after-sales guarantee serves as a testament to the cattery’s dedication to the well-being of both their kittens and the families who adopt them. “We want our clients to know they are never alone on this journey,” the spokesperson remarks. “We are here for them and their kittens, ensuring a happy, healthy relationship for years to come.”

CatKing Cattery invites cat enthusiasts to explore their selection of British Shorthair and British Longhair kittens and experience the joy of cat companionship backed by the assurance of comprehensive after-sales support.

About CatKing Cattery

CatKing Cattery is a legally registered establishment in Ontario, Canada, specializing in breeding British Shorthair and British Longhair kittens. With a commitment to health, temperament, and ongoing support for new cat owners, CatKing Cattery ensures a smooth and rewarding experience for families welcoming a new feline companion into their homes.

Contact Information

Website: https://www.catking.ca

Phone Number: 647 – 994 – 3210

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Press Release

TADA mini Success Fuels MVL’s Tokenomics Upgrade For Sustainable Growth

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MVL, a blockchain mobility company, has unveiled an advanced tokenomics plan, building on the remarkable success of TADA mini’s launch. MVL revealed that the utility of its MVL token will be significantly enhanced as TADA mini continues to grow.

TADA mini, which launched in September 2024 at Singapore’s TOKEN2049, saw over 15,000 users experience this groundbreaking mobility service during the event. As the first-ever Web3 ride-hailing service available as a Telegram mini app, TADA mini allows users to easily book rides using a variety of cryptocurrencies through a connected digital wallet. With no complicated sign-ups required, users can instantly access the service within Telegram, benefiting from TADA’s extensive network of over 300,000 drivers and a high matching rate. These innovative features have positioned TADA mini as a key player in the mainstream adoption of Web3.

MVL emphasized that the growth of TADA mini will be closely tied to the economic utility of MVL tokens, which will be strengthened in several ways:

  1. Supporting MVL Token and Incentivizing Transactions: MVL is updating TADA mini to support $MVL tokens. Users who utilize MVL tokens for rides will receive additional benefits, which is expected to drive demand and increase transaction volume.
  2. Corporate Staking for Token Lockups: Partner companies across various Layer 1 blockchains, cryptocurrencies, and digital wallets will be required to use MVL tokens to integrate with TADA mini. Through a corporate staking mechanism, partners will acquire MVL tokens from the market and lock them on-chain, driving up demand and value for the token.
  3. MVL Token Buyback: MVL plans to reinvest cryptocurrency transaction fees by purchasing MVL tokens from the market and storing them in its on-chain treasury.
  4. MVL Token Usage in TADA mini Promotion Features: TADA mini is also providing services like event promotion and user incentive programs. During TOKEN2049, for example, TADA mini collaborated with prominent Web3 projects such as Blum, Bitget, and TON Society, offering banner ads and event recommendations. MVL tokens will continue to be used for such promotional services.

MVL’s Chief Innovation Officer, James Yang, remarked, “TADA mini has demonstrated the real-world use of digital assets in practical applications, and we’re seeing interest from prominent projects in collaborating with TADA mini. Going forward, the MVL token will play a crucial economic role within TADA mini, and its growth will be mirrored by the expansion of the MVL token ecosystem.”

This announcement marks an important step in MVL’s commitment to enhancing the long-term utility and sustainability of its token, ensuring its pivotal role in the evolving landscape of Web3 mobility services.

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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