Monthly Archives

November 2017

Canadian Zeolite Collaborates with University of Northern British Columbia to Develop a Value-Added Product to Eliminate Bacteriological Contamination in Water

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Vancouver, British Columbia, Canadian Zeolite Corp. (the “Company”) (TSX.V: CNZ) (OTCQB: CNZCF) (FSE: ZEON) is pleased to report that in collaboration with Dr. Hossein Kazemian of the University of Northern British Columbia (UNBC), a grant application for Mitacs-Accelerate research project has been successfully accepted by Mitacs Canada (“Mitacs builds partnerships between academia, industry, and the world – to create a more innovative Canada”). For this project, UNBC researchers will use the Company’s natural zeolite to develop a multifunctional adsorbent medium for decontamination of polluted environments due to micro-organisms and toxic heavy metals. The outcome of this project will be a value-added product that is capable of eliminating bacteriological contamination in water thereby providing a source of safe potable water. Dr Kazemian offers extensive experience in the evaluation of zeolite for many applications such as contaminant removal from industrial and municipal wastewater, soil remediation, gas purification and composting.

Mr. Ray Paquette, CEO states, “This Research Partnership is of significant value to the Company, as the success of the project will mean new business and marketing opportunities for our natural zeolite both nationally and internationally. Our strategy is to supply unique zeolite-based value-added products that can only be sourced from Canadian Zeolite. This results in a sustainable competitive advantage and higher profit margins. Our successful partnerships and marketing history with different industries demonstrates our ability to recognize and bring new technologies and products to market. Dr. Kazemian and his team are extremely important in helping us understand and quickly determine the potential of our natural zeolite for developing new value-added products. This research is of critical importance as a new solution is required to provide clean and safe drinking water in many parts of Canada and globally.”

As reported in the NRC (National Research Council) Press, “Canada, with over a million lakes and countless ponds, is faced with the daunting prospect of managing water resources as population expands and the north experiences accelerated warming. At present, management policies to mitigate or respond to algal blooms vary considerably across provinces, and local agencies are typically ill-prepared particularly for toxic blooms.”

As a result of this project, Canadian Zeolite stands to become a technical leader in the application of modified natural zeolite for water treatment applications in Canada, and aims to gradually enter the US and global markets once tested in Canada.

On Behalf of the Board
“Ray Paquette”
President & CEO
604.684.3301
www.canadianzeolite.com

Neither 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.

Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to future expenditures. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the ability to complete contemplated work programs and the timing and amount of expenditures. Canadian Zeolite does not assume the obligation to update any forward-looking statement.

Canadian Zeolite Completes Oversubscribed Private Placement

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Vancouver, British Columbia, Canadian Zeolite Corp. (the “Company”) (TSX.V: CNZ) (OTCQB: CNZCF) (FSE: ZEON) is pleased to report that it has closed an oversubscribed non-brokered private placement (the “Offering”) described in its news release of October 23, 2017. In connection with the closing of the Offering, the Company issued an aggregate of 2,947,267 units (the “Units”) at a price of CDN$0.30 per Unit for gross proceeds of CDN$884,180. Each Unit consists of one common share in the capital of the Company (a “Share”) and one non-transferable common share purchase warrant (a “Warrant”). Each Warrant is exercisable to acquire one Share at an exercise price of CDN$0.75 per Share until November 10, 2018 which is 12 months from the date of issuance, subject to the following acceleration right. If, at any time after the date that is 4 months and one day after the date of issuance of the Warrants, the closing price of the Company’s common shares on the TSX Venture Exchange (or such other stock exchange on which the common shares may be traded from time to time) is at or above CDN$1.00 per share for a period of 10 consecutive trading days (the “Triggering Event”), in which event the Company may, within 5 days of the Triggering Event, accelerate the expiry date of the Warrants by giving notice thereof to the holders of the Warrants, by way of news release, and in such case the Warrants will expire on the first day that is 30 business days after the date on which such notice is given by the Company announcing the Triggering Event.

Canadian Zeolite intends to use the net proceeds from the Offering for expansion of distribution channels into eastern Canada and the United States, as well as general working capital.

The Company will pay aggregate finder’s fees of CDN$50,574 in connection with subscriptions from subscribers introduced to the Offering by Mackie Research Capital Corp., PI Financial Corp., Raymond James Ltd., Dundee Securities Ltd., Sherbrooke Street Capital Inc., Leede Jones Gable Inc. and Nazim Baksh.

Closing of the Offering is subject to approval of the TSX Venture Exchange.

The securities issued under the Offering, and any Shares that may be issuable on exercise of any such securities, will be subject to a statutory hold period expiring four months and one day from the date of issuance of such securities.

On Behalf of the Board
“Ray Paquette”
President & CEO
604.684.3301
www.canadianzeolite.com

Neither 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.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Cautionary Statement Regarding Forward-Looking Information
Certain information contained in this news release constitutes “forward-looking information” or “forward-looking statements” (collectively, “forward-looking information”). Without limiting the foregoing, such forward-looking information includes statements regarding the process and completion of the Offering, the use of proceeds of the Offering and any statements regarding the Company’s business plans, expectations and objectives. In this news release, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” and similar words and the negative form thereof are used to identify forward-looking information. Forward­ looking information should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Forward-looking information is based on information available at the time and/or the Company management’s good­ faith belief with respect to future events and is subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Company’s control. For additional information with respect to these and other factors and assumptions underlying the forward-looking information made in this news release, see the Company’s most recent Management’s Discussion and Analysis and financial statements and other documents filed by the Company with the Canadian securities commissions and the discussion of risk factors set out therein. Such documents are available at www.sedar.com under the Company’s profile and on the Company’s website, www.canadianzeolite.com. The forward-looking information set forth herein reflects the Company’s expectations as at the date of this news release and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Canadian Zeolite Formalizes Agreement in Cuba for Research and Export

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Vancouver, British Columbia, Canadian Zeolite Corp. (the “Company”) (TSX.V: CNZ) (OTCQB: CNZCF) (FSE: ZEON) is pleased to report it has formalized an agreement with CIH S.A. (Havana International Centre). CIH S.A. is a trading company offering professional services in the fields of consultancy, scientific and technical services and technology transfer. This agreement provides Canadian Zeolite with technical consultancy related to zeolite and new innovative technologies to expand the Company’s market opportunities in Cuba, South America and Canada.

Canadian Zeolite has also achieved client status with the Commercial Department of MITSA S.A. in Cuba for the supply of Cuban zeolite. Cuban zeolite is among the best in the world with abundant reserves and plants for processing in Villa Clara, Holguín and Santiago de Cuba provinces. This will expand Canadian Zeolite’s reach into many new markets not logistically viable from our Bromley Creek deposit in British Columbia.

Mr. Ray Paquette CEO states, “I am very pleased to have completed this agreement in Cuba. The process time was lengthy as there is extensive due diligence required to do business in Cuba. Canadian Zeolite’s agreement with CIH.SA is significant as it provides the Company advanced research experience, product development and the ability to create advanced zeolite technologies. Canadian Zeolite has been evaluated and is now included in the MITSA S.A. Customers Portfolio, providing the Company with a qualified and significant zeolite resource for our growth and development Internationally.”

Canadian Zeolite has established agreements and relationships with zeolite suppliers in the United States and now Cuba for supply and product development to grow the domestic and International zeolite markets.

On behalf of the Board of Directors
“Ray Paquette”
President & CEO
604.684.3301
www.canadianzeolite.com

Neither 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.
Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to future expenditures. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the ability to complete contemplated work programs and the timing and amount of expenditures. Canadian Zeolite does not assume the obligation to update any forward-looking statement.