Fintech
MG Capital and DLP Resources Signs Option Agreement to Earn 100% of the NZOU Property
Cranbrook, British Columbia–(Newsfile Corp. – August 20, 2020) – MG Capital Corporation (TSXV: DLP) (“MG” or the “Company”) is pleased to announce that its wholly-owned subsidiary, DLP Resources Inc. (“DLP”) has entered into an option agreement (the “Option Agreement”) with 453999 BC Ltd. (the “Optionor”) in relation to the NZOU (Na-zoo) property located in British Columbia (the “NZOU Property”) held by the Optionor. Pursuant to the terms of the Option Agreement, the Optionor has granted to DLP the option to earn a 100% legal and beneficial interest in and to the NZOU Property (the “Option”).
The Option Agreement
Under the terms of the Option Agreement, DLP will earn a 51% interest in the NZOU Property by:
- incurring exploration expenditures of $15,000 by December 1st, 2020;
- the Company issuing 75,000 common shares of the Company (the “Shares”) to the Optionor within 20 days of the date upon which the TSX Venture Exchange approves the Option Agreement;
- the Company issuing 75,000 Shares to the Optionor by February 28th, 2021;
- incurring exploration expenditures of $50,000 by December 31st, 2021;
- the Company issuing 75,000 Shares to the Optionor by February 28th, 2022; and
- the Company issuing 75,000 Shares to the Optionor by February 28th, 2023.
DLP will earn a 75% undivided interest in the NZOU Property making a cash payment of $100,000 to the Optionor by December 31st, 2024.
The Option will be fully exercised, and DLP will accordingly earn a 100% undivided interest in the NZOU Property, upon the Company issuing 100,000 Shares to the Optionor by December 31st, 2025.
Following the exercise of the Option, the Optionor will be granted a royalty on the NZOU Property (the “Royalty”), being equal to 2.0% of Net Smelter Returns on the NZOU Property. DLP will be entitled at any time and from time to time to purchase up to 50% of the Royalty (being equal to 1.0% of Net Smelter Returns on the NZOU Property) from the Optionor at a purchase price of C$1,000,000.
DLP may, at its option, accelerate the cash payments and issuances of the Shares described above in order to fully exercise the Option prior to December 31st, 2025.
The Option Agreement and the completion of the transactions contemplated thereunder are subject to TSX Venture Exchange approval.
The NZOU Property
The NZOU Property has potential to host a high-grade Sullivan style deposit and is located adjacent to the NE border of the recently drilled DD property (see the Company’s news release dated August 6th, 2020) near Cranbrook, British Columbia, Canada (see Figure 1 below).
The Sullivan Deposit occurs at a geological horizon called the Lower-Middle Aldridge Contact or “LMC” horizon. A historic drill hole, IRISH-05-1, drilled on the NZOU Property in 2005 intersected Sullivan Time at a depth of 1210 to 1342 metres.
In the assessment report of 2005 on the NZOU Property the following was concluded, “This is the most significant Sullivan Time intersection achieved to date in the Panda/Irishman creek area because it is: thicker; consists of varied facies including a fragmental; contains more base metal sulphide; and is intruded by a gabbro/granofels complex. The geochemical analyses of the core from 1223 to 1229 metres and 1262 to 1306 metres indicate the longest, best mineralized section is 1270 to 1306 metres – 36 metres of 689ppm Pb and 1297 ppm Zn. Within this is 6.0 metres of 1717 ppm Pb and 2725 ppm Zn. The highest one metre sample ran 0.29% Pb and 0.39% Zn. Similar but somewhat weaker mineralization continues within the footwall fragmental, but this was not sampled. Collectively these features indicate this drill hole intersection is closer to a vent system and a possible lead-zinc-silver deposit.”
Ian Gendall, President of DLP commented: “Now that we have a significant land package in a very prospective part of the Purcell Basin for a Sullivan-type target we are encouraged to follow-up with additional magnetotelluric (MT) geophysics and drilling. The additional MT planned and compilation of geological sections across the areas, with current drill information from the DD property and additional information from historic holes on the Moby Dick (DLP) and NZOU properties, will help us focus in on further drill targets later this year and early next year.”
The foregoing geological disclosure and content of this news release has been reviewed and approved by Dave Pighin, P.Geo. a qualified person for the purpose of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Pighin is the consulting geologist for DLP.
About DLP Resources Inc.
DLP Resources Inc. is a mineral exploration company operating in Southeastern British Columbia, exploring for Base Metals and Cobalt. DLP is a wholly owned subsidiary of MG Capital Corporation listed on the TSX-V, trading symbol DLP. Please refer to our web site http://www.dlpresourcesinc.com for additional information.
Plug and Play, a global accelerator platform and one of the most active early-stage investors globally, has announced a strategic partnership with Gujarat International Finance Tec-City (GIFT City). Through the partnership, Plug and Play will establish and run the International Fintech Innovation Hub (IFIH), GIFT City’s FinTech Incubator and Accelerator, which aims to foster research and innovation in financial technology, reinforcing GIFT City’s role as a premier global fintech hub.
GIFT City’s MD and Group CEO, Mr. Tapan Ray, said, “Our vision at GIFT City is to drive fintech innovation by creating a climate-resilient, inclusive ecosystem that empowers diverse entrepreneurs and builds workforce competitiveness in emerging technologies. With the support of prominent partners in fintech education and incubation, we are committed to nurturing a new generation of talent that will be well-equipped to meet the needs of an evolving global economy.”
Manav Narang, Head of Financial Services for Plug and Play APAC and Program Lead for the GIFT Incubator and Accelerator added, “We are thrilled to bring Plug and Play’s global expertise to GIFT City. Our vision is to create India’s largest industry-wide fintech program – a collaborative platform where banks, payments corporations, venture capital and corporate venture capital firms, accelerators, and ecosystem partners unite. Together, we aim to catalyze transformative fintech solutions and nurture fintech unicorns that will shape the future of finance in India.”
The program will support fintech startups with resources, mentorship, capital, and networking to navigate and excel globally in the dynamic fintech landscape. The first batch of startups will be unveiled in January 2025.
The post Plug and Play and GIFT City Launch “IFIH,” a Global Fintech Incubator and Accelerator appeared first on .
Doo Group’s brokerage brand, Doo Financial is thrilled to announce its expansion into Indonesia by acquiring a reputable Indonesian broker to expand the business. This move brings its global investment services to local investors. Backed by the strength of Doo Group’s extensive international presence, cutting-edge technology, and 10 years of expertise, Doo Financial is well positioned to support investors at every level.
As a brand encompassing investment services offered by various legal entities within the Doo Group, Doo Financial provides a comprehensive range of global brokerage services. This wide range of products empowers investors to pursue their financial goals.
With a diversified portfolio, Doo Financial empowers investors to navigate various market conditions effectively, manage risks, and focus on long-term growth. This entry into the Indonesian market reflects Doo Financial’s commitment to supporting investors with flexible, high-quality investment options tailored to today’s dynamic financial landscape.
Supervision by International Regulatory Institutions to Ensure Top-Tier Safety
As a global leading finance group, Doo Group has licensed entities regulated by top regulatory authorities worldwide, ensuring a secure and reliable trading environment.
Our global credentials include licenses from the U.S. Securities and Exchange Commission (US SEC), the Financial Industry Regulatory Authority (US FINRA) in the U.S., the Financial Conduct Authority (UK FCA) in the UK, the Australian Securities and Investments Commission (ASIC), the Hong Kong Securities and Futures Commission (HK SFC), Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI) in Indonesia. These licenses enable us to provide secure and reliable financial services globally.
Dedication to Shape the Industry with Innovative Solutions
Doo Financial’s expansion into Indonesia brings advanced technology and a global perspective to empower local investors. As an international investment firm committed to secure and seamless trading, Doo Financial offers a diverse range of products and services to help diversify portfolios and open up new opportunities.
This growth elevates opportunities for Indonesian investors by offering seamless access to global markets and advanced trading platforms within a secure and regulated environment. It broadens investment choices and enhances the trading experience, aligning it with international standards and empowering local investors with comprehensive tools and resources for success.
Driven by unwavering commitment, this growth marks a significant milestone in Indonesia’s investment landscape, equipping our clients with the tools to navigate global markets. We remain dedicated to delivering exceptional service, exploring new opportunities, and driving future breakthroughs. With continued support from the FinTech community, we are excited to innovate and shape the future of finance.
Stay updated with the latest insights from Doo Financial. Join our community of empowered investors and let us be your trusted partner!
E-mail: [email protected]
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Fintech is on an accelerated trajectory of investment, collaboration, and innovation. This pulse tracks the most significant developments in the sector, from high-profile investments to global platform expansions. Each update in this briefing serves as a key indicator of where the industry is headed.
1. European Fintechs Face Regulatory Pressures Amid New Investment Surge
The European fintech sector finds itself at a crossroads with increasing scrutiny and rising costs due to stringent regulations. While investments continue to flow into the continent’s financial technology companies, challenges in meeting new compliance requirements, especially around data privacy and cybersecurity, create a complex landscape for scaling. This tension between opportunity and operational limitations might affect European fintechs’ growth strategies.
Source: Financial Times
2. Shopify, Slack Founders Join Peter Thiel in Fintech Investment Push
Tobi Lütke of Shopify and Stewart Butterfield of Slack, along with investor Peter Thiel, have co-invested in a new fintech initiative that aims to bolster small business access to capital. By merging technology with a streamlined funding model, this new initiative targets underserved SMBs, highlighting a broader trend of high-profile tech leaders pivoting to fintech investment. The participation of Lütke and Butterfield signals increased cross-sector collaboration in fintech, bringing expertise from e-commerce and communication technology into the financial arena.
Source: Yahoo Finance
3. Lean Technologies Raises $67.5 Million to Drive Fintech Innovation in the Middle East
Riyadh-based fintech platform Lean Technologies recently secured a $67.5 million Series B investment round, aiming to expand its operations across the Middle East. This funding reflects growing investor interest in emerging markets and the potential of Middle Eastern fintech to bridge regional gaps in financial services access. As Lean Technologies broadens its service offerings, the funding will support further technological integration and scalability across financial ecosystems in the region.
Source: Fintech Global
4. Apollo Global Management Invests in Fintech for Private Offerings Support
Apollo Global Management has taken steps to enhance its services for private offerings by investing in specialized fintech solutions. This development signifies a growing trend among private equity firms to adopt fintech as a core component in their service expansion, particularly for personalized client services. Apollo’s strategy of integrating fintech solutions into private offerings marks a strategic shift toward digitalization within traditional financial sectors.
Source: Bloomberg
5. Juniper Research Names 2025’s Future Leaders in Fintech
Juniper Research has revealed its picks for the top future leaders in fintech for 2025. This list emphasizes innovation in fields such as AI, open banking, and decentralized finance, highlighting startups that exhibit potential for reshaping industry standards. As these up-and-coming firms push the boundaries of traditional finance, they exemplify the rising tide of next-generation financial technology poised to become industry mainstays.
Source: Globe Newswire
Conclusion
The convergence of seasoned tech giants with fintech, new funding rounds for region-specific platforms, and the rise of future industry leaders underscore the momentum of the fintech sector. Each of these stories reflects a broader narrative: fintech is not only diversifying in services but also rapidly integrating into traditional finance and tech, paving the way for a transformative era.
The post Fintech Pulse: Evolving Fintech Investments and Partnerships Signal Industry Transformation appeared first on HIPTHER Alerts.
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