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Valdor Technology Closes Financing Focuses on Sales & Marketing

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June 11, 2013 – Valdor Technology International Inc. (“Valdor”) (TSX: VTI-V) reported that it closed a non-brokered Private Placement announced May 24, 2013, for $2,017,500, issuing 20,175,000 Units at a price of $0.10 per unit.  Each Unit consisted of one common share and one non-transferable three year share purchase warrant.

The funds will be used for sales & marketing of Valdor’s fiber optic products and for general working capital.

About Valdor Technology International Inc.:

Valdor is a business that is corporately positioned to have significant impact in advancing key technologies in optical communications.  Valdor has progressed through the research and development stage and has emerged as a new-generation technology company capable of deploying an array of conventional passive fiber optic products in addition to several that are proprietary and/or patent protected.  The current global annual market for passive fiber optic components is approaching $40 billion, and Valdor can serve this growing demand in many sectors.  The world wide roll-out of high speed Internet infrastructure will drive demand for fiber optic components.  Fiber optics will be a great business opportunity for several years, at least, and probably for several decades.

About the Fiber Optics Industry:

Fiber optics is the future of communications. The signal transmission business is in the early stages of a fiber optics bull market. Signal transmission in its many and various forms is being converted from electrical to fiber optics. A comprehensive report, by Global Industry Analysts Inc., on the fiber optic components market, projects that the fiber optics market will reach US$42 billion by the year 2017.

Symbols: VTI.V / VTIFF.OTC

www.valdortech.com

VMS Ventures updates progress in april at the reed copper project

VMS VENTURES UPDATES PROGRESS IN APRIL AT THE REED COPPER PROJECT; PRODUCTION EXPECTED IN Q4/13

Vancouver, B.C., May 24, 2013 VMS Ventures Inc. (TSX-V:VMS) (“VMS Ventures” or the “Company”) is pleased to update shareholders on the progress made in the month of April at the Reed Copper Project, near Flin Flon, Manitoba. VMS Ventures owns 30% of the project and is carried to production. HudBay Minerals Inc. (TSX:HBM)(NYSE:HBM) (“Hudbay”) owns 70% and is the Operator.

Considerable progress was made at the Reed Copper Project in the month of April, including:

  1. Underground development advanced 171 metres and represents the greatest monthly advance rate since development commenced on the project; underground development at the project is now 534 metres;
  2. Sinking of the 16 ft diameter ventilation raise from surface is now 66% complete;
  3. Two permanent 1.6 Mw generators and the electrical house were commissioned into service, replacing three temporary generators;
  4. A new communication system was installed; and
  5. A fire-fighting well pump was commissioned.

The focus during the month of May is the continued development of the underground ramp and the vent raise, along with ongoing construction activities.

COO Neil Richardson states: “We were pleased with the improvements to the advance rates of the ramp and ventilation raise during the month of April, which are key components to the Reed project’s development. Reed continues to develop as planned and remains on budget. It is noteworthy to mention that mine and camp construction have now proceeded for 412 days with no lost time accidents”.

On May 1, 2013, Hudbay reported that approximately $37 million of the $72 million capital construction budget for the project has been invested as of the end of the first quarter of 2013 with an additional $13 million committed as of that date.

About VMS Ventures Inc:

 VMS Ventures Inc. is focused primarily on acquiring, exploring and developing copper-zinc-gold-silver massive sulphide deposits in the Flin Flon-Snow Lake VMS Belt of Manitoba. The Company’s VMS project property portfolio consists of the Reed Copper Project, which is subject to a 70-30 JV with HudBay Minerals and, subject to receipt of required permits, is scheduled for production in Q4-2013, Copper Project, McClarty Lake Project, Sails Lake Project, Puella Bay Project and Morton Lake Project. Outside of the Snow Lake camp, the Company holds massive sulphide prospective properties near the past producing Fox Lake and Ruttan copper-zinc mines, near the communities of Lynn Lake and Leaf Rapids in northern Manitoba. These properties are located in the mining friendly province of Manitoba, Canada. The Company also has optioned two properties in the Sudbury mining camp. They are Terra Incognita and Black Creek.

VMS Ventures owns approximately 27.5% of North American Nickel Inc. (TSX VENTURE:NAN). For more information on North American Nickel Inc., please visit www.northamericannickel.com.

About the Reed Mine:

  • Initial production at Reed is expected by Q 4 – 2013 and will ramp up to full production of approximately 1,300 tonnes per day by Q1 – 2014.

  • Average expected reserve ore grades of 3.83% copper, 0.48 g/t gold and 6.02 g/t silver, slightly better than PEA due to the exclusion of the inferred resources in the pre-feasibility study.

  • Assumed metal recoveries in HudBay’s Flin Flon Concentrator of 94% copper, 58% gold and 62% silver.

  • Production ~ 17,000 tonnes of copper metal concentrate per year.

  • Total operating costs estimated to average approximately $90 per tonne milled ($67 per tonne mining, $16 per tonne milling and $7 per tonne administration) over a five year mine life.

  • Sustaining capital expenditures are expected to total approximately $52 million over the five year mine life.

  • Pre-Feasibility pre-tax NPV (8%) of $57.4 million using weighted average metal prices of US$2.95/lb. for copper, US$1,269.09/oz. for gold and US$24.78/oz. for silver.

  • Forecasted cash flow of $102 million dollars to the JV or a 34.7% IRR.

Forward Looking Statement

Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding the costs, plans and schedule to develop the Reed Copper Project, potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward-looking statements that involve various risks. The following are important factors that could cause the Company’s actual results to differ materially from those expressed or implied by such forward-looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future

events may differ materially from those anticipated in such statements. VMS Ventures Inc. undertakes no obligation to update such forward-looking statements if circumstances or management’s estimates or opinions should change. The reader is cautioned not to place undue reliance on such forward-looking statements

Global Green Announces Expansion Agreement for The United States

(via Thenewswire.ca)

May 13, 2013 – Global Green Matrix Corporation (“GGX” or the “Company”) – TSX Venture: Global Green today announced that it has signed an addendum to its Memorandum of Understanding dated February 23, 2012 whereby GGX has been given the right to own and operate the water heating technology developed and owned by Intelligent Energy LLC., in all areas of the United States of America.

GGX agrees to protect the patent pending technology and to use its best efforts to maximize the use of the water heating units and technology in the defined area. It also agrees to pay a royalty based on the use of each water heating unit equal to 5% of the gross revenue earned by each unit. In North Dakota, GGX agrees to pay an additional 5% Royalty to Intelligent Energy LLC.

The original agreement was entered into February 23, 2012 (the “Agreement”) by 1503826 Alberta Ltd. carrying on business as “Intercept Rentals” and Energy Heating, LLC. together with Energy Heating Canada Inc. Under the Agreement Intercept Rentals was given the exclusive use of and right to operate the water heating units/technology in Canada and in certain areas of the United States of America as may be agreed upon by the parties.

The interest of 1503826 Alberta Ltd. under the Agreement has since been assigned to Global Green Matrix Corp. while the interest of Energy Heating, LLC and Energy Heating Canada Inc. has been assigned to Intelligent Energy LLC.

The management and Board of the Company has concluded there is huge potential and opportunity to expand its operations into the USA. There are many areas under exploration for oil and gas including the states of California, Colorado , Montana, Oklahoma, Pennsylvania, Texas, Utah, Wyoming and particularly North Dakota.

Jim Cooper of Intelligent Energy, LLC states: “We have been working with Global Green and Intercept Rentals in Canada since March of 2012 and have been gratified as the technology gained market acceptance. We look forward to continuing our mutually beneficial relationship by supporting the Company as it expands into the United States.”

About Intelligent Energy, LLC

Intelligent Energy, LLC. is a Limited Liability Corporation based in Idaho. It is the owner of certain intellectual property with several patents pending, that utilizes proprietary water heating methods. It has given exclusive use of and right to operate the water heating units/technology in Canada and the right to operate the water heating units in all of the United States to Global Green Matrix Corp.

About Global Green Matrix Corp.

(www.globalgreenmatrix.com)Global Green Matrix Corp is an Oilfield Services Firm primarily focused on servicing oil and gas companies and their fracking operations. Through it’s wholly owned subsidiary, Intercept Rentals, the Company currently owns and operates one truck and one trailer mounted water-heating unit, called “Big Heat.” Global Green rents these units to various oil and gas companies that require heated water for their fracking operations. The Company has plans to add an additional four heating units within the next few months.

ABOUT INTERCEPT RENTALS:

(www.interceptrentals.com)Intercept Rentals is a registered trade name of 1503866 Alberta Ltd., a wholly owned subsidiary of Global Green Matrix Corp. The subsidiary company has obtained the exclusive right to own and operate a new patent pending technology that provides a highly efficient and safe method of heating water used by oil companies in their fracking operations.

For further information visit our website at www.globalgreenmatrix.com

VMS VENTURES & HUDBAY MINERALS BEGIN HAULING WASTE AT THE REED COPPER MINE

Vancouver, B.C., May 3, 2013 VMS Ventures Inc. (TSX-V:VMS) (“VMS Ventures” or the “Company”) is  updating shareholders on the progress being made at the Reed Copper Project, near Flin Flon Manitoba.
Wednesday the Company’s joint venture partner on the Reed Copper Project, HudBay Minerals Inc. (TSX, NYSE: HBM), reported the following update on progress being made towards construction of the mine:
“During the first quarter, Hudbay’s focus for its 70% owned Reed copper project near Flin Flon, Manitoba was advancing the underground ramp and sinking the escape and ventilation raises from surface. Of Hudbay’s $72 million capital construction budget, the company has invested approximately $37 million on the project to March 31, 2013 and has entered into an additional $13 million in commitments. Capital expenditures at Reed are expected to total approximately $44 million in 2013.
After completing the first portal development round in October 2012, the underground ramp had advanced approximately 363 metres as of March 31, 2013. In March 2013, Hudbay was able to start hauling waste from underground via haul trucks, which is expected to reduce cycle times and improve the rate of ramp development.”
Neil Richardson, VMS Ventures’ COO states: “We are very pleased with the progress being made at Reed and in particular the efforts being made to keep the project within budget. The project team is doing an excellent job in overcoming the challenges that accompany a project like this and in particular at the early phases of the development.”

About VMS Ventures Inc:

 VMS Ventures Inc. is focused primarily on acquiring, exploring and developing copper-zinc-gold-silver massive sulphide deposits in the Flin Flon-Snow Lake VMS Belt of Manitoba. The Company’s VMS project property portfolio consists of the Reed Copper Project, which is subject to a 70-30 JV with HudBay Minerals and is scheduled for production in Q4-2013, Copper Project, McClarty Lake Project, Sails Lake Project, Puella Bay Project and Morton Lake Project. Outside of the Snow Lake camp, the Company holds massive sulphide prospective properties near the past producing Fox Lake and Ruttan copper-zinc mines, near the communities of Lynn Lake and Leaf Rapids in northern Manitoba. These properties are located in the mining friendly province of Manitoba, Canada. The Company also has optioned two properties in the Sudbury mining camp. They are Terra Incognita and Black Creek.

VMS Ventures owns approximately 27.5% of North American Nickel Inc. (TSX VENTURE:NAN). For more information on North American Nickel Inc., please visit www.northamericannickel.com.

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.

NORTH AMERICAN NICKEL INC. CONTRACTS WESTCORE DRILLING FOR THEIR 2013 MANIITSOQ (GREENLAND) DRILL PROGRAM

Vancouver, British Columbia, May 2, 2013 – North American Nickel Inc. (TSX VENTURE: NAN) (OTCBB: WSCRF) (CUSIP: 65704T 108)   (the “Company”) is pleased to announce that it has awarded a drill contract to Westcore Drilling from Salmo, British Columbia for the Company’s 2013 summer drill program on their 100% owned Maniitsoq property. The program is scheduled to begin in June, 2013.

A minimum of 3,000 meters is planned to extend high grade nickel-copper-platinum group sulphide mineralization discovered in 2012 that is open at depth and to assess high priority previously untested VTEM conductors. 

The targets to be tested at depth occur within the 75 km long by 15 km wide Greenland Norite Belt (GNB) and include:

(i) Imiak Hill with mineralization intersected in 2012 that returned 66.08 meters (m) @ 0.55% nickel, 0.2% copper & 0.02% cobalt including 14.18 m @ 1.33% nickel, 0.38% copper and 0.04% cobalt, and,

(ii) Spotty Hill with a 2012 drill intersection of 123.94 m that graded: 0.81% nickel, 0.21% copper, 0.03% cobalt and 0.26 g/t total precious metals (“TPM”; platinum+palladium+gold) including: 24.20 m @ 1.75% nickel, 0.34% copper, 0.06% cobalt and 0.52 g/t TPM.

Two new and highly conductive anomalies will also be tested by the 2013 drill program. Target P-63 is an untested, norite-hosted anomaly that occurs along the edge of 1.5 km by 0.9 km norite intrusion in the southern part of the GNB. It tops out 73 m below surface, is 14 m thick, with an initial strike length of 58 m and dips to the northwest for 1,057 m.

The second target is an off hole conductor at Imiak Hill, down plunge of significant intersections made by NAN in 2012.

Further details of these target areas are available in the Company’s March 20, 2013 news release, available on their website (www.northamericannickel.com).  

About North American Nickel

 

North American Nickel is a mineral exploration company with 100% owned properties in Maniitsoq, Greenland, Sudbury, Ontario, and the Thompson, Manitoba nickel belt. VMS Ventures Inc. (TSX.V: VMS) owns approximately 27.5% of NAN.

 

The Maniitsoq property in Greenland is a Camp scale project comprising 4,983 square km’s covering numerous high-grade nickel-copper sulphide occurrences associated with norite and other mafic-ultramafic intrusions of the Greenland Norite Belt (GNB). The 70km plus long belt is situated along, and near, the southwest coast of Greenland, which is pack ice free year round.

 

The first two discoveries of economic mineralization at Imiak Hill and Spotty Hill confirm the high value and potential of the GNB.

 

The Post Creek/Halycon property in Sudbury is strategically located adjacent to the producing Podolsky copper-nickel-platinum group metal deposit of Quadra FNX Mining. The property lies along the extension of the Whistle Offset dyke structure. Such geological structures host major Ni-Cu-PGM deposits and producing mines within the Sudbury Camp.

GGX announces $2.3 million private placement

April 24, 2013 – VANCOUVER, BRITISH COLUMBIA —Global Green Matrix Corp. (“Global Green” or the “Corporation”) — announced today that it intends to complete a non-brokered private placement offering of up to 12,000,000 units of the Corporation (“Units”) at a price of $0.191667 per Unit for gross proceeds of up to $2.3 million. The Corporation will use the net proceeds of the offering to purchase, indirectly through its wholly-owned subsidiary, three new frac water heating units (“Heating Units”) and for general working capital purposes.

Each Unit will consist of one common share (“Common Share”) and a pro rata portion of a royalty (the “Royalty Entitlement”) (as described herein). The pro rata amount of the Royalty Entitlement that each subscriber will receive will be based on their subscription amount as compared with the maximum size of the offering of $2.3 million. The aggregate Royalty Entitlement payable to all subscribers under the offering, assuming the maximum proceeds of $2.3 million are raised, will be a 10% gross revenue royalty in respect of revenues generated by the three Heating Units for a period of five years from the purchase of such Heating Units, payable quarterly in arrears. Based on historical experience of revenues from existing heating units, the Corporation estimates that the net present value of the aggregate Royalty Entitlement, discounted at 15%, is $1,215,994 assuming 5% year over year growth in revenues, $1,326,198 assuming 10% year over year growth and $1,446,641 assuming 15% year over year growth. The payment of the Royalty Entitlement will be secured by a security interest in the Heating Units granted in favour of the subscribers.

The Corporation has agreed to pay a finder’s fee of up to 4.35% of the gross proceeds of the offering to an unrelated third party. In addition, the unrelated third party will receive Common Shares in an amount equal to 16.667% of the number of Units sold under the offering, issued a deemed price of $0.191667 per share.

The closing of the offering is expected to occur on or about April 30, 2013, and is subject to regulatory approval, including approval of the TSX Venture Exchange. For further details on the offering, please contact the Corporation. All securities issued in connection with the offering will be subject to a hold period of four months from the date of closing.

VMS Ventures Exercises Full Right of First Refusal Allocation in North American Nickel Non-Brokered $7.05M Private Placement

VANCOUVER, BRITISH COLUMBIA–(Marketwire – April 22, 2013) - VMS Ventures Inc. (TSX VENTURE:VMS) (“VMS Ventures”) is pleased to inform shareholders that the VMS Ventures Board has elected to take its full Right of First Refusal allotment in the North American Nickel private placement detailed in a North American Nickel news release dated April 17, 2013. VMS Ventures will maintain its 27.5% ownership percentage interest in North American Nickel Inc. by subscribing for 11,764,704 units at a price of $0.17 for a total of $1,999,999.

Today, North American Nickel Inc. (TSX VENTURE:NAN) released the following news release:

North American Nickel Inc. Closes First Tranche $4.4 Million

For more news on the NAN news release view our press release about North American Nickel closes first tranche

North American Nickel Inc. Closes First Tranche $4.4million

VANCOUVER, BRITISH COLUMBIA–(Marketwired – April 22, 2013) -North American Nickel Inc. (TSX VENTURE:NAN)(OTCBB:WSCRF) (CUSIP: 65704T 108) (the “Company”) is pleased to announce that today it has closed the first tranche of its previously announced non-brokered Private Placement (see NAN release, April 17, 2013). Gross proceeds of $4,458,345 were raised through the issue of 26,225,561 Units.

Each Unit consists of one common share and one-half of a common share purchase Warrant. Each whole Warrant entitles the holder to purchase one common share at a price of C$0.21 per share, exercisable until April 22, 2015. Finder’s fees of $62,009.50 have been paid in cash in connection with the private placement.

All securities issued pursuant to the private placement are subject to a hold period and may not be traded until August 20, 2013 as to 15,931,149 Units, and August 23, 2013 as to 10,294,412 Units.

As announced April 17, 2012 and related to Multilateral Instrument 61-101, “Protection of Minority Shareholders in Special Transactions“, an additional closing on proceeds of $2,595,752.27 from The Sentient Group and VMS Ventures is expected to take place on or about June 13, 2013. These funds are currently held in trust and will be released to the Company upon the Company’s disinterested shareholders ratifying approval of that closing at the annual and special general meeting scheduled for that day.

The proceeds of this financing will be used to fund the Company’s 2013 exploration and drill program for its highly prospective Maniitsoq Ni-Cu-Co-PGE project in southwest Greenland and general working capital purposes.

The Company also announces that it has granted 200,000 stock options to members of the Company’s advisory board exercisable at a price of $0.15 per share for a period of five years.

 

 

About North American Nickel 

www.northamericannickel.com

North American Nickel is a mineral exploration company with 100% owned properties in Maniitsoq, Greenland, Sudbury, Ontario, and the Thompson, Manitoba nickel belt. VMS Ventures Inc. (TSX VENTURE:VMS) owns approximately 27.5% of NAN.

The Maniitsoq property in Greenland is a Camp scale project comprising 4,983 square km’s covering numerous high-grade nickel-copper sulphide occurrences associated with norite and other mafic-ultramafic intrusions of the Greenland Norite Belt (GNB). The 70km plus long belt is situated along, and near, the southwest coast of Greenland, which is pack ice free year round.

The first two discoveries of economic mineralization at Imiak Hill and Spotty Hill confirm the high value and potential of the GNB.

The Post Creek/Halycon property in Sudbury is strategically located adjacent to the producing Podolsky copper-nickel-platinum group metal deposit of Quadra FNX Mining. The property lies along the extension of the Whistle Offset dyke structure. Such geological structures host major Ni-Cu-PGM deposits and producing mines within the Sudbury Camp.

Statements about the Company’s future expectations and all other statements in this press release other than historical facts are “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and as that term defined in the Private Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbours created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company’s actual results may differ materially from the expected results.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

GLOBAL GREEN MATRIX (GGX.V) REPORTS HIGHER REVENUES

global-green-matrix-corp

April 9, 2013 – Global Green Matrix Corporation (“Global Green” or the “Company”) – TSX Venture: GGX today announced Q-1 2013 revenues of $932,266 as compared to revenues of $335,272 in Q-4 2012.

These revenues were realized through the Company’s 100% owned subsidiary 1503826 Alberta Ltd., operating as Intercept Rentals (”Intercept”). Intercept generates revenues from the rental & service of its two “BIG HEAT” water-heating units. The Units use a proprietary and innovative technology that heats water required in the fraccing process used by many companies in the oil and gas industry.

Randy Hayward CEO, states: “The Company’s revenues for our first quarter are up substantially. This is due to greater market acceptance and that we obtained delivery of a second heating unit February 17, enabling us to obtain and perform larger contracts in the industry. We are excited about the rest of 2013, as we have ordered three additional Units that should be shipped to Alberta by August of this year. We remain committed to delivering exceptional value for our customers and shareholders”.

The reported revenues are gross figures that have been invoiced from the operations of Intercept Rentals. The Company’s auditors will be providing audited financials for the 2012 financial year by the end of April and the Company will file these along with the un-audited Q-1 financials on SEDAR and our website when completed.

About Global Green Matrix Corp.

(www.globalgreenmatrix.com)Global Green Matrix Corp is an Oilfield Services Firm primarily focused on servicing oil and gas companies and their fracking operations. Through it’s wholly owned subsidiary, Intercept Rentals, the Company currently owns and operates one truck and one trailer mounted water-heating unit, called “Big Heat.” Global Green rents these units to various oil and gas companies that require heated water for their fracking operations. The Company has plans to add an additional 3 heating units within the next few months.

ABOUT INTERCEPT RENTALS:

(www.interceptrentals.com)Intercept Rentals is a registered trade name of 1503866 Alberta Ltd., a wholly owned subsidiary of Global Green Matrix Corp.  The subsidiary company has obtained the exclusive right to own and operate a new patent pending technology that provides a highly efficient and safe method of heating water used by oil companies in their fraccing operations.

For further information visit our website at www.globalgreenmatrix.com, email at info@globalgreenmatrix.com or contact:

Randy Hayward, President

Global Green Matrix Corp.

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 News Release

GGX reports increased revenue in 4th quarter

Global Green Matrix Corporation (the “Company”) – TSX Venture: GGX - today announced Q-4 2012 revenues of $335,272 as compared to revenues of $31,363 in Q-3 2012.

These revenues were realized through the Company’s 100% owned subsidiary 1503826 Alberta Ltd, operating as Intercept Rentals (“Intercept”). Intercept generates revenues from the rental & service of its two “BIG HEAT” water heating units. The Units use a proprietary and innovative technology that heats water required in the fraccing process by many companies in the oil and gas industry.

“From an operational standpoint, 2012 was a very successful year due to the recent increase in revenues. Considering the Company only acquired its first “BIG HEAT” unit for deployment in October of 2012, I am very pleased with the results. GGX recently added a second unit that is now fully operational and we anticipate next quarter’s revenues to surpass the current quarter. The Company is planning to have a total of 5 “BIG HEAT” units in operation by the fall of 2013.” stated Randy Hayward CEO.

About Global Green Matrix Corp. (www.globalgreenmatrix.com)

Global Green Matrix Corp. is an Oilfield Service Firm focused primarily on servicing oil and gas companies and their fraccing operations. The Company owns and operates through its wholly owned subsidiary Intercept Rentals truck and trailer mounted water heating units called the “BIG HEAT”. The Company rents these units to oil and gas companies, that use the “BIG HEAT” a highly efficient heating technology to heat water for fraccing operations. Global Green Matrix has two units with plans to add three more units by fall of 2013.

ABOUT INTERCEPT RENTALS: (www.interceptrentals.com)

Intercept Rentals is a registered trade name of 1503866 Alberta Ltd., a wholly owned subsidiary of Global Green Matrix Corp. The subsidiary company has obtained the exclusive right to own and operate a new patent pending technology that provides a highly efficient and safe method of heating water used by oil companies in their fraccing operations.

Year in Review for GGX

Last year has been fast paced for Global Green Matrix Corp. (GGX), especially since the purchase of an oil field service company called Intercept Rentals based in Alberta. After purchasing Intercept, the company signed an agreement for rights to a frac water heating technology that allows a much faster and more efficient method of heating water used in the fracking process.

Fracking refers to the procedure of creating fractures in rocks and rock formations by injecting fluid into cracks to open them further. The larger fissures allow more oil and gas to flow out of the formation and into the wellbore, from where it can be extracted.

“We received delivery of our truck mounted water heating unit called ‘Big Heat’, started working in Western Canadian oil fields in October of this year, and have recently taken delivery of one of three trailer mounted units,” says GGX president Randy Hayward. “Big Heat provides a mobile source of heat to keep this fluid at the appropriate temperature and can move from job to job quickly allowing it to be utilized most of the year.”

“The revenue derived from the rental of Big Heat is the beginning of a new and important source of revenue for the Company. We look forward to adding additional units in the near future to help us satisfy the growing demand of the oil and gas industry.”

The truck unit showed several Canadian oil companies that the GGX unit can heat 10 to 12 barrels of water per minute and achieve 65 to 80 degree rise in temperature. The technology achieves an efficiency rating exceeding 95 percent compared to most that average approximately 70 percent. The cost to operate the heating unit is low due to the use of propane compared to others that use diesel, a much more expensive fuel.

As far as overall market demand, GGX expects the high price of oil will continue to drive the expansion of shale gas production, and ensure higher demand for fracking services. The company expects to take delivery of its third unit early in the new year to fill the demand they are experiencing in Alberta.

“The U.S. market is in a boom for fracking and we have the rights to use this technology in Montana, Utah and North Dakota by agreement with the developer and manufacturer, Energy Heating LLC,” Hayward says.

Energy Heating LLC is located in Idaho, USA and has pending patents with regard to the technology.

GGX is excited about the competitive advantage the frac water heating technology provides in conjunction with the highly competent management, who are equally enthusiastic about the opportunities in both Western Canada and the U.S.

GGX’s share price is unbeatable even for investors who want to buy in on the ground floor.

“With our share price at $0.05 we are a good opportunity for investors, especially now that we are experiencing cash flow,” says Hayward.

GGX also announced the completion of several jobs with major oil and gas companies working in Alberta to heat water that is used for fracking purposes. Intercept Rentals will remain focused on obtaining additional work from companies presently working in Western Canada.

With projects ranging from: the conversion of municipal solid waste for energy production, recovering and recycling oilfield wastes, reclamation of contaminated soils and waste water and more, GGX is positioning itself at the cutting edge of environmentally responsible waste remediation and development.

“Our commitment to the customer and the planet is to provide green solutions for the oil and gas industry delivered with excellence in service,” says Hayward.