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Agoracom
The Small Cap Epicenter
The Small Cap Epicenter
AGORACOM Client Feature
Company is planning a late summer exploration program on its claim block which totals 795,824 hectares. The Amazonas Potash Basin is similar in size, scale and geology to Saskatchewan’s potash evaporate deposit, which is the largest and most prolific potash reserve in the world.
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Investment Highlights - Brazil
Amazonas Potash Basin
·Two deposits owned by Petrobras—Arari and Fazendinha—are located 20 and 40 km west of the property being optioned by Pacific Potash. These two deposits have reported historic resources as follows*:
Fazendinha – 520 Mt @ 28.8% KCl
Arari – 659 Mt @ 17.7% KCl
Thursday, November 22, 2012
MONTREAL -- Sonomax Technologies Inc. (TSX Venture: SHH) is pleased to announce that it has entered into a strategic investment agreement with ValueLink Holdings Limited of Taiwan for the acquisition by ValueLink of a 51% ownership interest in Sonomax's intellectual property, including its patent portfolio, and for the issuance to ValueLink of 100 million Sonomax common shares, for aggregate consideration to Sonomax of US$10 million.
The agreement contemplates a closing on or before February 19th, 2013. At the closing of the transaction, Sonomax and ValueLink will enter into a separate Licensing Agreement under which ValueLink will grant to Sonomax exclusive rights to use the intellectual property, subject to certain minimum performance requirements to be mutually agreed upon by ValueLink and Sonomax. As a partner and co-owner, ValueLink will play a critical role in positioning SonoFit™ with major OEMs and ODMs to ensure adoption of the technology.
Closing of the transaction is subject to a number of conditions, including completion by ValueLink of a due diligence review of Sonomax's intellectual property to ValueLink's satisfaction, and to the signing of a definitive agreement. The transaction is also subject to regulatory approval, including that of the TSX Venture Exchange, and, if required by the TSX Venture Exchange or applicable law, by Sonomax's shareholders. No assurances can be given that all of the conditions for closing of the transaction will be satisfied or that closing will occur. ValueLink has the right to assign its rights or to delegate any performance under the agreement to a third party, with the prior consent of Sonomax, acting reasonably.
About ValueLink Holdings Limited of Taiwan
ValueLink Holdings is a Taiwanese-owned strategic Intellectual Property (IP) aggregator, with a successful track record of commercializing and licensing its IP portfolios to leading ODM and OEM companies in Asia and around the globe. ValueLink works under contract with selective Fortune 500 companies and iconic brands related to wireless devices, electronics products and accessories. It also facilitates manufacturing and distribution using its vast IP portfolio. For more information, please visit: www.valuelinkltd.com.
About Sonomax
Sonomax Technologies makes the world's most advanced hearing protection products to prevent the # 1 occupational disease, Noise Induced Hearing Loss (NIHL). The Company offers OEM, ODM and aftermarket clients a broader range of opportunities in customized earpieces using SonoFit for the Consumer, Military and Health markets.
This news release contains certain forward-looking statements that reflect the current views and/or expectations of Sonomax Technologies Inc. with respect to its performance, business and future events. Such statements are subject to a number of risks, uncertainties and assumptions. Actual results and events may vary significantly. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Sonomax Technologies Inc.
Nick Laperle
President & CEO
514-932-2674, ext. 2229
nlaperle@sonomax.com
www.sonomax.com
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