09:52 AM EST - Arizona Mining Inc. : Has entered into an agreement with Scotiabank and RBC Capital Markets, on behalf of a syndicate of underwriters, pursuant to which the Underwriters have agreed to purchase for their own account or arrange for substituted purchasers to purchase on an underwritten private placement basis 14,000,000 common shares of the Company at a price of $1.29 per common share for aggregate gross proceeds of $18,060,000. Arizona Mining Inc.
shares T.AZ are trading down $0.09 at $1.55.

09:52 AM EST - DXI Energy Inc. : Announced its strategic plan to expand production and improve operational efficiencies at its core Woodrush project in NEBC. As previously reported, the Woodrush project currently includes four oil wells and nine natural gas wells with significant processing facilities and in place pipeline to support further expansion. The Company owns a 99% working interest in these wells and is the project operator. DXI Energy Inc.
shares T.DXI are trading up $0.01 at $0.19.

09:54 AM EST - In-Touch Survey Systems Ltd. : Announced its operating and financial results for the quarter ended March 31, 2016. Revenue for the first quarter was $3,286,974, which was 42% higher than revenue of $2,311,430 in the same quarter in 2015. Net loss before income taxes for the first quarter was $27,092 compared to net earnings before income taxes of $140,613 in the same quarter in 2015. In-Touch Survey Systems Ltd. shares V.INX are trading unchanged at $0.39.

09:56 AM EST - Ironhorse Oil & Gas Inc. : Announced its financial and operating results for the three months ended March 31, 2016. Despite significantly lower operating netbacks and production for Q1 2016, negative funds from operations improved 9% to $131,000 compared to negative funds of $144,000 for Q4 2015 which included $270,000 in takeover bid costs recorded. The Company realized a net loss of $144,000 for the first quarter, reflective of higher general and administrative costs incurred resulting from the expired unsolicited takeover bid by 1927297 Alberta Ltd. and lower revenues triggered by reduced production and persistent declining commodity prices. Ironhorse Oil & Gas Inc. shares V. IOG are trading down $0.005 at $0.12.

11:45 AM EST - Timberline Resources Corporation : Announced today that due to demand, it has increased the amount of its previously announced private placement, from $0.5 million U.S. to $1.5 million U.S. Under the Increased Offering, the Company may issue up to 10 million Units of the Company at a price of $0.15 U.S. per Unit. Timberline Resources Corporation
shares V.TBR are trading up $0.025 at $0.39.

11:47 AM EST - Formation Fluid Management Inc. : Has entered into a non-binding Letter of Intent ("LOI") with respect to a proposed business combination with Robix Environmental Technologies, Inc. The purpose of the LOI is to reflect the desire of both parties to effect a business combination pursuant to which Robix will acquire all of the issued and outstanding common shares of Formation Fluid through a share exchange, amalgamation, plan of arrangement or such other comparable form of transaction as determined by Robix and Formation Fluid following a review of all relevant tax, corporate and securities law considerations and a due diligence review. Formation Fluid Management Inc. shares V.FFM are trading unchanged at $0.08.

11:49 AM EST - Pacific Exploration & Production Corp. : Provided an update with respect to its comprehensive restructuring transaction with: (i) certain holders of the Company's senior unsecured notes (ii) certain of the Company's lenders under its credit facilities and (iii) The Catalyst Capital Group Inc. The Restructuring Transaction will significantly reduce debt, improve liquidity, and best position the Company to navigate the current oil price environment. Importantly, with the benefit of the $500 million U.S. of debtor-in-possession financing to be provided as part of the Restructuring Transaction, the Company will be able to continue to pay all of the suppliers, trade partners and contractors of the Company's subsidiaries across the jurisdictions in which they operate in accordance with local regulations. Pacific Exploration & Production Corp. shares T.PRE are trading unchanged at $0.64.

03:46 PM EST - Goldbelt Empires Limited : Announced today the results of a recently concluded high-resolution, property-wide airborne magnetic and gamma-ray geophysical survey and the interpretation of the resulting data sets at its flagship South Morila gold concession area in Mali, West Africa. Goldbelt Empires Limited shares V.GBE are trading unchanged at $0.04.

03:47 PM EST - CO2 Solutions Inc. : Announced today the filing of its financial results for the third quarter ended March 31, 2016. The Corporation recorded a loss of $0.7 million or $0.00 per share, for the quarter, a decrease of $0.8 million from the loss of $1.5 million, or $0.01 per share, for the same period in 2015. CO2 Solutions Inc. shares V.CST are trading unchanged at $0.17.