--Strategic Merger Creates Well-Capitalized, Global Biopharmaceutical Organization with Diverse Portfolio of Two Commercialized Rare Disease Programs and a Phase 3 Ready Ultra-Orphan Development Program Addressing Significant Unmet Medical Need--

--Broad-Based Investor Syndicate to Vote in Favor of the Merger and Provide Concurrent Financing of Approximately $22 Million--

--Companies to Host Conference Call Today at 8:30 a.m. ET--

 

CAMBRIDGE, Mass. and VANCOUVER, British Columbia, June 15, 2016 -- Aegerion Pharmaceuticals, Inc. (AEGR) (“Aegerion”) and QLT Inc. (QLTI) (QLT.TO) (“QLT”) today announced that they have entered into a definitive merger agreement under which Aegerion will be merged with a wholly owned indirect subsidiary of QLT. Upon completion of the proposed merger, each outstanding share of Aegerion common stock will be exchanged for 1.0256 shares of QLT common stock. QLT plans to change its name upon the closing of the proposed transaction to Novelion Therapeutics Inc. (“Novelion”) and its common shares will trade on the NASDAQ Global Select Market and the Toronto Stock Exchange.

VANCOUVER, BC--(June 14, 2016) - East Africa Metals Inc. (TSX VENTURE: EAM) ("East Africa" or the "Company") is pleased to announce an updated independent mineral resource estimate for the Adyabo Project in Ethiopia. The recent 40 x 40 metre spaced infill drill program strategically targeted on the core areas of Inferred Resource gold mineralization at Da Tambuk and Mato Bula (Figure 1). A total of 4,029 metres of diamond drilling in 31 holes was completed during the infill campaign.

 

Key highlights of the updated Resource include;

The conversion of 446,000 gold equivalent ounces to the Indicated Resource classification.

 

The gold grade for the Indicated portion of the resource has increased to 3.92 grams per tonne gold, compared with the initial overall Inferred Resource grade of 2.26 grams per tonne gold, an increase of 73%.

VANCOUVER, BRITISH COLUMBIA--( June 14, 2016) - Pure Gold Mining Inc. (TSX VENTURE:PGM) ("Pure Gold" or the "Company") is pleased to announce additional drill results from the McVeigh horizon, located on the Company's 100% owned Madsen Gold Project ("Madsen"). Results reported herein represent the final set of results from the initial 16,000 metre program, which is now complete. As previously announced, the Company has begun an expanded exploration program that will include an additional 35,000 metres of drilling. The ongoing work is designed to test and advance new interpretations of near-surface targets in close proximity to the existing mining infrastructure.

 

"Drilling to date indicates that the McVeigh horizon is open for resource expansion along strike and at depth, below historical mining depths of 230 metres," stated Darin Labrenz, President and CEO of Pure Gold. "The opportunity for resource growth at relatively shallow depths is rare in a historic mining project such as this. We believe the McVeigh horizon has similar potential to the parallel Austin horizon which was mined from surface to a depth of 1,200 metres over a two kilometre strike length."

CALGARY, ALBERTA--(May 27, 2016) - Arsenal Energy Inc. ("Arsenal" or the "Company") (AEI.TO)(AEYIF) announces the sale of all its oil and natural gas properties located in the United States for a sales price of US $34 million. Proceeds from the sale have been used to reduce the Company's outstanding bank credit facility. After applying the net proceeds of the sale, Arsenal estimates its current bank debt at approximately $11.7 million. In addition, Arsenal announces that it has entered into a Letter of Intent to sell 250 boe/d of Canadian production for total proceeds of $8.7 million. The transaction is expected to close on or before June 30, 2016. Upon successful completion of this sale transaction, Arsenal will have repaid approximately $70 million of bank indebtedness over an 18 month period.

 

Pro forma, upon successful completion of all the above-noted property sales: (a) Arsenal's production is estimated to be approximately 1,250 boe/d - 85% oil; (b) Arsenal will retain its core Princess, Alberta property as well its Provost and Evi properties; (c) Arsenal's operating costs are estimated at approximately $18.25/boe and royalties are estimated at approximately 17%; (d) based on forward strip pricing and current differentials, Arsenal's netbacks for the remainder of 2016 are estimated to be approximately $15.80/boe; and (e) operating margins are estimated to be approximately $650,000/month. Proven Developed Producing reserves as at December 31, 2015, adjusted for all property sales, are 2.3 MMboe and the Net Present Value discounted by 10% including asset retirement obligations is $26 million. Proven plus Probable reserves as at December 31, 2015, adjusted for all property sales, are 5.2 MMboe and the Net Present Value discounted by 10% including asset retirement obligations is $69.8 million.