Category Archives: Blog Posts

GOLDEN LAKE EXPLORATION ANNOUNCES FINANCING CLOSED

Vancouver, British Columbia – March 5th, 2021 – Golden Lake Exploration Inc.  (CSE: GLM) (“GLM” or the “Company”)(GOLXF-OTC) is pleased to announce that further to its press release dated February 23, 2021, the Company has closed the non-brokered private placement with a lead order from Mr. Eric Sprott, through his company 2176423 Ontario Ltd. The Company issued 22,305,404 units (the “Units”) at a price of $0.45 per Unit for aggregate gross proceeds of $10,037,431.80. Each Unit is comprised of one common share (“Share”) and one half of one transferable common share purchase warrant of the Company (“Warrant”).  Each whole Warrant will entitle the Subscriber to purchase one Warrant Share for a 24-month period after the Closing Date at an exercise price of $0.60 per share.

Mr. Sprott, through 2176423 Ontario Ltd., a corporation that is beneficially owned by him, acquired 4,444,444 units at $0.45 each for consideration of approximately $2,000,000, pursuant to the private placement. As a result, Mr. Sprott beneficially owns and controls 4,444,444 common shares of the company and 2,222,222 share purchase warrants, representing approximately 7.5% of the issued and outstanding common shares on a non-diluted basis and approximately 10.9% of the issued and outstanding common shares on a partially diluted basis assuming exercise of the warrants acquired hereunder forming part of the units. Prior to the current acquisition, Mr. Sprott did not beneficially own or control any securities of the Company.

The units were acquired by Mr. Sprott through 2176423 Ontario Ltd. for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire or sell additional securities of the company, including on the open market or through private transactions, in the future depending on market conditions, reformulation of plans and/or other relevant factors.

A copy of Mr. Sprott’s early warning report with respect to the foregoing will appear on the company’s profile on the System for Electronic Document Analysis and Retrieval (“SEDAR”) at www.sedar.com and may also be obtained by calling Mr. Sprott’s office  at (416) 945-3294 (2176423 Ontario Ltd., 200 Bay Street, Suite 2600, Royal Bank Plaza, South Tower, Toronto, Ontario M5J 2J1). 

Proceeds raised will be used for advancing the Company’s Jewel Ridge property in Nevada as well as for general working capital.  

Finders’ fees of $406,216.46 cash and 902,701 finders’ warrants were paid to arm’s length parties. 

Shares issued pursuant to the Financing will be subject to a four-month hold period according to applicable securities laws of Canada.

About Golden Lake Exploration Inc.

Golden Lake Exploration Inc. is a junior public mining exploration company engaged in the business of mineral exploration and the acquisition of mineral property assets. Its objective is to acquire, explore and develop economic precious and base metal properties of merit and to aggressively advance its exploration program on the Jewel Ridge property.

ON BEHALF OF THE BOARD
Mike England”
Mike England, CEO & DIRECTOR

 FOR FURTHER INFORMATION PLEASE CONTACT: 
Telephone: 1-604-683-3995 
TollFree:1-888-945-4770

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release. 

Deveron Provides Corporate Update & Announces Signing of Multiple Multi- Year Service Agreements

Toronto, Ontario – Deveron Corp. (TSX-V: FARM) (“Deveron” or the “Company”), a leading agriculture digital services and insights provider in North America, is pleased to provide an update on the progress of its corporate initiatives which includes the signing of three new service agreements with leaders in the agriculture industry.

The Company signed a three-year service agreement to provide turn-key soil health data solutions for a global leader in carbon sequestration and sustainability within the agriculture industry. The service agreement has a minimum annual value US$125,000 per annum, which could increase depending on the demand for the client’s carbon benchmarking program. The project, which covers 21 states across the United States, uses the client’s proprietary in-field software and focuses on benchmarking and tracking increased carbon sequestration in soil.

Soil health and carbon sequestration are becoming increasingly important for farmers and agribusinesses. Deveron’s standardized program can efficiently collect and digitize soil data on millions of acres of farmland to help validate carbon credits available through sequestration and the monitoring of sustainable agriculture practices.

The second agreement is a three-year service agreement to provide turn-key drone solutions for a leading global seed manufacturer. The service agreement is valued at a minimum of US$103,000 per annum, with growth opportunities over the life of the contract. The service is targeted across seven states in the Midwest United States and focuses on mid-season analysis of corn crops.

Drone imagery continues to be a critical and practical tool for decision making at the farm level. Deveron’s turn-key drone solution provides growers and agribusiness of all sizes to scale data programs by leveraging our national network of data technicians that can provide customized programs following highly technical protocols.

Finally, Deveron has also signed a multi-year agreement with a leading weather insights company to service and install weather stations in Canada and the United States. The service agreement represents another data product that our North American network of technicians can provide. Weather data plays a prominent role in decision making throughout the crop production cycle. Facilitating the deployment of hardware over a wide geographic area is a new method of leveraging Deveron’s growing network of data technicians that provide “last mile” service to farms throughout North America.

David MacMillan, Deveron’s President and CEO, commented “It is exciting to see clients of this magnitude rely on Deveron to provide such important unbiased data services. These contracts demonstrate the reliability of our growing network of data technicians across North America. Utilizing our standardized processes ensures consistent and high quality agricultural support data, providing the end user with the ability to make better decisions at the farm level.”

About Deveron: Deveron is an agriculture technology company that uses data and insights to help farmers and large agriculture enterprises increase yields, reduce costs and improve farm outcomes. The company employs a digital process that leverages data collected on farms across North America to drive unbiased interpretation of production decisions, ultimately recommending how to optimize input use. Our team of agronomists and data scientists build products that recommend ways to better manage fertilizer, seed, fungicide, and other farm inputs. Additionally, we have a national network of data technicians that are deployed to collect various types of farm data, from soil to drone, that build a basis of our best in class data layers. Our focus is the US and Canada where 1 billion acres of farmland are actively farmed annually.
For more information and to join our community, please visit http://www.deveronuas.com/register or reach us on Twitter @DeveronUAS or @MyVeritas_HQ

David MacMillan
President & CEO Deveron Corp. 416-367-4571 ext. 221
dmacmillan@deveronuas.com

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

Deveron Corp. (TSXV-FARM) +200%

We have been following Deveron Corp. (TSXV-FARM) for almost a year and continue to love the growth potential of this company.

Yesterday’s acquisition of Farm Dog in the U.S.A. should add some serious revenue growth torque.

We hope to have David MacMillan, Deveron CEO, on our Marburg Podcast this weekend. Stay tuned this looks like a real winner.

Subscribe to our YouTube channel: https://www.youtube.com/channel/UC7UFUZ-B1UXnPe0jgwM_Jqw

No description available.

DEVERON ACQUIRES FARM DOG

Deveron Corp. (TSX-V: FARM) (“Deveron” or the “Company”), a leading agriculture digital services and insights provider in North America, is pleased to announce it has acquired FD Agro Technologies LLC (“Farm Dog”), an award winning agriculture data platform company that helps farmers, agronomists and agribusinesses record, organize and leverage on-farm information to make better decisions.

Highlights of Acquisition:
• Acquires http://www.farmdog.ag, Farm Dog’s customer-facing, mobile and web agriculture data platform.
• Adds over 4,000 new clients representing over 2,000,000 acres
• Accelerates Deveron’s digital service offerings
• Assumes a strategic contract (expiring in 2025) with the United States Department of
Agriculture (USDA)

This synergistic acquisition will provide Deveron clients with a new, award-winning mobile and web customer portal, http://www.farmdog.ag which will improve their ability to access, organize and act on their farm data, as well as order Deveron collection and insight services with the click of a button.

For Farm Dog customers, their user experience will only be improved by the addition of new tools and services that will be accessible via the app.

Liron Brish, who founded Farm Dog in 2015 and led the Company as its CEO, will join Deveron as VP Product and Sustainability. Liron will be focused on integrating the Farm Dog and Deveron products and services into a single offering. In addition, he will be working with Deveron’s partners to advance sustainability initiatives within agriculture.

Prior to founding Farm Dog, Liron started several other start-up ventures and was a consultant at McKinsey and Co. He has a law degree from New York University and a BBA Honors Finance from The University of Texas – Austin.

“We are thrilled to welcome Farm Dog to the Deveron team. Farmdog will become the company’s customer facing portal, and we believe the portal and the userbase will accelerate our revenue growth. This acquisition allows Deveron to provide its customer base a digital platform while expediting development time, minimizing customer acquisition costs, and ramping our technologies to scale quickly and efficiently. The addition of Liron to our management team also adds talent and credibility to our company,” said David MacMillan, President and CEO of Deveron.

Under the terms of the transaction, if all milestones are met, Deveron has agreed to purchase all the assets of Farm Dog for a maximum consideration of US$1,000,000.

Upon signing, the Company will pay US$250,000, to be satisfied through the payment of US$100,000 in cash and the issuance of US$150,000 of common shares of Deveron. Upon execution of the agreement, 25% of the shares will be issued. The additional 75% of the shares are to be issued on the next two anniversaries of the closing of the transaction. All shares will be priced at $0.64 per common share.

Based on the achievement of certain milestones, the remaining US$750,000 would be payable as follows:
• US$250,000 of common shares in the event that Farm Dog adds 2,000,000 unique acres within 3 years of the transaction date
• US$250,000 worth of common shares and US$250,000 in cash in the event that Farm Dog generates an additional $5,000,000 in revenue by the end of 2022

In connection with the appointment of Mr. Brish, Deveron will be granting him 325,000 options to purchase common shares upon closing of the transaction. The options will vest over a period of two years and will be priced at $0.64 per share.

The completion of the transaction remains subject to the approval of all regulatory and other
approvals, including the approval of the TSXV.

SPECIAL SITUATION UPDATE: TWO HOT STOCKS THAT REMAIN OUR TOP PICKS FOR 2021

Deveron Corp. (TSXV: “FARM”)

It’s a massive market opportunity and Deveron appears to be the early leader. It sounds complicated, but this business combines big data, carbon trading, Precision Ag . … and seems to be hugely scalable with strong repeat annual customer retention. Here it is in their own words from Deveron’s latest news release.

“Deveron is an agriculture technology company that uses data and insights to help farmers and large agriculture enterprises increase yields, reduce costs and improve farm outcomes. The company employs a digital process that leverages data collected on farms across North America to drive unbiased interpretation of production decisions, ultimately recommending how to optimize input use. Our team of agronomists and data scientists build products that recommend ways to manage fertilizer, seed, fungicide and other farm inputs better. Additionally, we have a national network of data technicians that are deployed to collect various types of farm data, from soil to drone, that build a basis of our best-in-class data layers. Our focus is the US and Canada where 1 billion acres of farmland are actively farmed annually.”

Deveron shares had a big 2020 after a couple of early years proving the concept, ramping the revenues and demonstrating the stickiness and repeat frequency of the customers. The stock capped off a 300% increase with an oversold financing demonstrating strong demand even at the recent high.

Deveron’s recent $5.7 million financing provides expansion capital and puts a nice base on the stock at $0.35 / $0.40. These investors will want to make money.

Listing on TSXV has improved liquidity and visibility with the stock more than doubling since listing in 03.

View on Yahoo Finance

Greencastle Resources Ltd. (TSXV: “VGN”)

Greencastle shares have been tracking Deveron in recent months. Greencastle is a founding shareholder of Deveron and owns 11 million shares. In the last 6 months, Greencastle has announced two new gold properties in Red Lake, Ontario. Greencastle is a possible restructure play for 2021. Their website also hints at cryptocurrencies going forward.

View on Yahoo Finance

Disclaimer: We trade actively in shares of many of the companies we discuss. We are not financial advisors. Please do your own due diligence.

Deveron Announces Upsize to Private Placement Financing

Toronto, Ontario –Deveron Corp. (TSX-V: FARM) (“Deveron” or the “Company”) a leading agriculture digital services and analytics provider in North America,is pleased to announce that further to its press release of December 11, 2020, the Company has increased the size of its non-brokered private placement financing to gross proceeds of $5,607,227 through the issuance of 16,020,651unitsin the capital of the Company (the “Units”) at a price of $0.35per Unit (the “Offering”).