Category Archives: Asia

IRW-Press: Cadan Resources To Commence Mining Operations

Cadan Resources Corporation (TSX VENTURE:CXD)(FRANKFURT:AOMZ25) (‘Cadan’ or the ‘Company’) is pleased to announce that the Company’s Philippines affiliate, Tribal Mining Corporation (TMC), has received the Mines and Geosciences Bureau (MGB) Declaration of Mining Project Feasibility (DMPF), enabling the Company to COMMENCE COMMERCIAL MINING PRODUCTION at the T’Boli gold-silver mine within the Mineral Processing and Sharing Agreement (MPSA) No. 090-97-XI.

The T’Boli Project is now fully equipped, including a trained local workforce, a fully constructed and commissioned Carbon-In-Leach (CIL) gold-silver processing plant, gravity concentrator, electro-winning circuit, tailings storage facility and powerhouse.

This decision to become a gold producer is not based on a feasibility study of mineral reserves as defined by NI 43-101 and there is no certainty the proposed operation will be economically viable. The T’Boli property hosts a reported inferred mineral resource for T’Boli of 2.4Mt at 5.5 g/t Au and 21.0 g/t Ag, equivalent to 420,000 oz of gold and 1.6 million oz of silver (Independent Technical Report, Sabena and T’Boli Properties, Philippines, dated 23 December 2002 and filed on SEDAR on 12 February, 2003). In connection with the issuance of the DMPF, the MGB reviewed and verified information on the property regarding available resources, in addition to considering the environmental, social and economic requirements of the Philippines.

Cadan’s President and CEO, Robert Butchart, stated:

‘This is a tremendous success for Cadan shareholders as the Company transitions to become a gold producer and we are ready to commence operations immediately, the people are ready, the mill plant is ready and the underground development is ready for stoping.

This is also an exciting milestone for the Government, as it is the first DMPF to be granted in South Cotabato, Mindanao and the first to be granted in the Philippines since the recent Executive Order No. 79 by the President Aquino Administration.

Cadan’s new management team has made these achievements possible since they took control in April, 2011. With the dynamic combination of local knowledge and technical expertise, we are confident that the Company and the community will prosper by responsible and productive mining.’

Qualified Person and Quality Control and Assurance

Technical aspects of this news release were prepared and verified by Howard Lahti, BSc Geology, MSc Geochemistry, PhD Litho-Geochemistry, Registered Professional Geoscientist of New Brunswick. Mr. Lahti is a consultant to Cadan. He is the qualified person as required by NI 43-101, and is the technical person responsible for this news release. The qualified person has verified the data disclosed in this news release, including sampling, analytical and test data underlying the information and opinions contained in this news release.

On behalf of the board of directors,
Robert Butchart, President / CEO

Forward Looking Statements

This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Particular risks applicable to this press release include risks associated with planned production, including the ability of the Company to achieve its targeted production due to regulatory, technical or economic factors. In addition, there are risks associated with estimates of resources, and there is no guarantee that a resource will have demonstrated economic viability as necessary to be classified as a reserve. There is no guarantee that additional exploration work will result in significant increases to resource estimates. The reader is referred to the Company’s most recent annual and interim Management’s Discussion and Analysis for a more complete discussion of such risk factors and their potential effects, copies of which may be accessed through www.cadanresources.com or the Company’s page on SEDAR at http://www.sedar.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.

Contact Information
Cadan Resources Corporation
Robert Butchart
President / CEO
butch.cadan@gmail.com

Cadan Resources Corporation
John D. Anderson
Chairman
janderson@cadan.com

Cadan Resources Corporation
604 687 0760
604 628 5001 (FAX)
info@cadanresources.com
www.cadanresources.com

CCube Invests In Simbus Technologies, India

Simbus Technologies Private Limited offers IT solutions and services for supply chain collaboration and execution using the BPMS technology to various industries. Simbus was founded by Krishna Kumar, an IIM Ahmedabad alumnus, with extensive leadership experience in the Apparel industry with blue chip companies. The two other co-founders are Balaji Thomas and Senthil Natarajan. In a short span of 12 months, Simbus counts in its portfolio some marquee customers who are in the Fortune 500© list and also are amongst the top companies in India.

Krishna Kumar, the founder and CEO said “SIMBUS is emerging as the leading solutions provider in the BPM space from India. We were looking for an investor who could add value to our business and we found CCube as a partner with a good strategic fit. The whole process of fundraising was smooth and very quick. The funding will help us scale our solutions business rapidly with new verticals and also to launch our product offerings in Supply Chain, Sourcing and distribution”

“We found in Simbus a dedicated team of entrepreneurs with very satisfied clients. We are sure that they will do well over time”, Atim Kabra, one of the member angels, commented on the investment.

CCube is an angel community that has banded together to provide the three Cs – Counseling, Connections and Capital to early stage companies. CCube currently has over 65 members, mainly from the Capital Markets and Financial Services sector, with investing experience across various asset classes. The CCube team members have funded various private transactions in their individual capacities also. They are looking to invest in India and the ASEAN region where most of them are based. The C Cube team, with their vast experience in this region, aims to differentiate itself from early stage funds that have focus on specific geographies. It believes that a lot of models can reach scale beyond their niche geographies.

Contacts:

Atim Kabra: atim@frontlinestrategy.com

Shivaz Rai: shivazrai@gmail.com

Frontline Strategy’s Strategic Ventures Fund Fully Exits Its Holding In CBaySystems (MEDH) On NASDAQ, Generating A Total Return Over 4X

Strategic Ventures Fund (SVF), a private equity fund managed by Frontline Strategy Limited, has completely divested its investment in CBaySystems, currently the world’s largest clinical documentation technology and service provider. SVF had made a total of 15 investments in Indian companies and this is SVF’s 11th complete divestment. SVF has also made two significant partial divestments out of the balance four investments it currently holds.

SVF had originally invested in CBaySystems in multiple tranches, between March 2002 to March 2005, to provide growth capital to the company, which allowed the company to fund its rapid expansion. Frontline Strategy was actively involved at the board level as CBay acquired multiple global healthcare BPO firms like MedQuist and Spheris to become the world’s largest firm in this practice. It was one of the first investor directors on the Board of the Company, and retained this position until just before the listing on NASDAQ stock exchange. CBay was earlier listed on the AIM Stock Exchange, London in 2007. SVF made its divestment entirely through sales on the exchange.

Atim Kabra, Managing Partner, Frontline Strategy Limited, commenting on the investment, said “We attribute the success of this investment to the visionary leadership provided by Mr. Raman Kumar, the founder of CBay and the Management team which has worked hard over the years to successfully scale up the company. We are glad that our association with Mr. Raman Kumar will continue with his presence on the Investment Committee of our new funds

About CBaySystems (now MedQuist Holdings) – Provides medical transcription software technology and services to hospitals, healthcare networks and physician practices throughout the United States. This company offers comprehensive software solutions including digital voice capture, speech recognition, electronic signature, medical coding systems and services, and mobile dictation devices.

How To Succeed In China

Many are wondering which Bordeaux Château will be the next to attract the attention of wealthy Chinese investors and collectors.

It is impossible to predict with certainty which vintage will become the new darling, but already the other First Growths – and their second wines – are increasing in price due to anticipation. Prices are up roughly 20% across the board over pre-auction prices. Although Château Beychevelle and Château Lynch Bages seem to have the inside track, it would be foolish to forget about Château Leoville Poyferre and Château Pontet Canet.

Labels are important in the Chinese markets as well, and Château Beychevelle may be the most likely to attract attention. The Beychevelle label is easy to remember because the boat that is depicted closely resembles Chinese dragon boats. Leoville Poyferre also has a dragon symbol on their label, and the dragon is very meaningful to Chinese investors. It was after their packaging changed in an effort to appeal to Chinese consumers that prices rose for Mouton 2008 and Lafite 2008.

On the other hand, Lynch Bages is also a strong contender, due to extensive efforts made by the Cazes family. They were among the very first Bordeaux owners to visit China in the early 1980s, and made a connection with consumers then that is still well appreciated.

Naturally the quality of the wine speaks volumes. Pontet Canet has gained ground due to the high quality of their selections. Chinese wine merchants have also been making frequent quotations on Cos d’Estournel, Palmer and Beychevelle – all being more affordable but still prestigious red Bordeaux.

It seems that to be successful in China one needs to have a memorable and meaningful label that speaks to Chinese mythology and symbolism, along with an exceptional product. In addition, the Château must put in the hard work of actually connecting with your consumers and spending the time to establish a rapport with investors.

 

Adrian Lenagan, Managing Director, Provenance Fine Wines Ltd.

Prescient Tips For Potential Fine Wine Investors

There are more fine wine investment funds today than ever before, and even more people are trying their hand at collecting and investing in the physical commodity itself. Following are some essential tips for anyone who is considering making an investment in fine wine:

• If you are purchasing wine through an investment company, try to avoid paying prohibitively high up front commission fees.  Also, avoid companies that use seemingly desperate, ‘hard sell’ tactics and know your prices before buying.

• Carefully examine the track record of any organization you do business with; checking Companies House documentation is an absolute must.

• Limit your search for fine wine to established merchants whenever possible.

• Use a professionally managed, customs-bonded warehouse for storage of fine wine.  If you do pursue the physical commodity, learn how to store correctly and seek specialist advice, as correct storage is vital to preserving resale values. Remember that any wines stored duty-paid will generally not attract resale values as high as those stored customs-bonded.

• When buying on your own in an effort to achieve capital growth, consider opting for red Bordeaux from the best vintages.  The vast majority of the current investment market is Bordeaux.  Stray outside of this only if you have expert guidance and/or in-depth knowledge.

• Compare the prices for physical bottles/cases of fine wine.  Investigate the various websites that are designed for this purpose, such as www.winesearcher.com.

• You will be better off buying a small number of expensive wines rather than a large number of cheaper wines.  This will help to keep your storage costs down and ensures quality over quantity.

• Fine wines get better (and more expensive) with age, but keep in mind that some taxation departments consider wine to be a wasting asset and, as such, it can be ineligible for capital gains tax.

As a general rule, never invest more than you can afford to lose.  Prices can fluctuate and while recent performance has been noteworthy, this is not an absolute guarantee of future performance.


Adrian Lenagan, Managing Director, Provenance Fine Wines Ltd.

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