11:48:59 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



Zadar Ventures Ltd
Symbol ZAD
Shares Issued 97,143,336
Close 2017-04-03 C$ 0.115
Market Cap C$ 11,171,484
Recent Sedar Documents

ORIGINAL: Zadar to test FlowBack technology for Li extraction

2017-04-03 16:27 ET - News Release

Received by email:

File: ZADAR SIGNS MOU WITH FLOWBACK SOLUTIONZ.docx

ZADAR VENTURES LTD. 908-510 Burrard St Vancouver, B.C.  V6C 2A8 Phone:  604-682-1643

ZADAR SIGNS MOU WITH FLOWBACK SOLUTIONZ
A CANADIAN WASTE WATER TREAMENT COMPANY
ZAD TSX. V    ZADDF. OTCQB   ZAV.F

April 4, 2017 - Vancouver, British Columbia.  Zadar Ventures Ltd. (the "Company") is pleased to announce that it has e
--->ntered into a MOU with FlowBack Solutionz Canada Inc. ("FlowBack"), a Canadian oil well waste water treatment company,
---> to test FlowBack's innovative and proprietary waste water treatment technology for the purpose of lithium extraction 
--->from Petrobrines from the Company's Manitoba Petrobrine projects.

Flowback is a water technology innovation company incorporated in 2013.  FlowBack currently provides turn-key solution
--->s for oil/water separation, H2S removal and tailings pond remediation services utilizing its patented Flowback NanoBub
--->blerTM technology. Flowback specializes in solids separation, electrocoagulation and gas infusion technologies for the
---> oil & gas, mining, industrial and construction industries.  

Oil and gas well operators in Canadian petroleum basins have long reported lithium values ranging from 80 mg/l to 140 
--->mg/l as referenced by the geoScout Oil & Gas Industry database as reported by well operators and monitored by the Gove
--->rnment of Alberta. There are many other reports throughout Canada that reference lithium within Petrobrine wells withi
--->n these same ranges.

Company President Paul D. Gray, P.Geo. commented; "We look forward to working with FlowBack in this relatively new spa
--->ce of lithium extraction.  The demand for low cost lithium production is the key driver in the rapidly developing ener
--->gy storage space." 

The Company acknowledges it may not ever close this transaction but intends to complete its Due Diligence and enter in
--->to a definitive agreement within the next 45 days.

This news release has been reviewed and approved by Mr. Paul D. Gray, P.Geo, who is the Company's qualified person as 
--->defined by National Instrument 43-101.

ON BEHALF OF THE BOARD OF DIRECTORS

Paul D. Gray, P. Geo.
President & CEO

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the T
--->SX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release may conta
--->in certain forward-looking information. All statements included herein, other than statements of historical fact, forw
--->ard-looking information and such information involves various risks and uncertainties. There can be no assurance that 
--->such information will prove to be accurate, and actual results and future events could differ materially from those an
--->ticipated in such information. A description of assumptions used to develop such forward-looking information and a des
--->cription of risk factors that may cause actual results to differ materially from forward-looking information can be fo
--->und in the company's disclosure documents on the SEDAR website at www.sedar.com. The company does not undertake to upd
--->ate any forward-looking information except in accordance with applicable securities laws.



© 2024 Canjex Publishing Ltd. All rights reserved.