17:04:07 EDT Tue 23 Apr 2024
Enter Symbol
or Name
USA
CA



Thelon Capital Ltd
Symbol THC
Shares Issued 113,190,431
Close 2014-04-16 C$ 0.08
Market Cap C$ 9,055,234
Recent Sedar Documents

Thelon to test Cdn Mining zeolite as marijuana medium

2014-04-16 06:30 ET - News Release

Mr. Scott Walters reports

THC TO TEST B.C. ZEOLITE IN THE MEDICAL MARIJUANA GROWING PROCESS

Thelon Capital Ltd., as part of its evaluation of new opportunities, has entered into a memorandum of understanding with Canadian Mining Company Inc. to test its zeolite in the growing of medical marijuana. THC will have an option to earn up to a 50-per-cent interest in the Sun Group zeolite project in Princeton, B.C.

Scott Walters says: "Zeolites as a green growth environment input have a unique framework with a network of pores giving it a large surface area for trapping and exchanging valuable nutrients. Our team's strong geological background and our arrangement with CNG can help lead us in the co-development of healthier nutrient inputs and conditioners for all hydroponic, aquaponic and soil crops, including marijuana."

Ray Paquette, president and chief executive officer of Canadian Mining, states: "Zeolite-based fertilizers are known to be 'intelligent fertilizers' due to their high ion exchange capacity and porosity. The mineral has proven ability to slowly release nutrients to the root zone of new seedlings, improving plant strength, yield and performance, reducing root rot and the need to apply pesticides."

The company continues to evaluate new projects, including, but not limited to, opportunities in agriculture, finance and resources. At this time, no transactions are in place, nor is there any assurance that a new project will be concluded in the future.

We seek Safe Harbor.

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