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Latest Press Releases

Elysee Announces Normal Course Issuer Bid
- Newsfile Corp - Thu Apr 30, 8:02AM CDT
Newsfile Corp - CMTX
Thu Apr 30, 8:02AM CDT
Vancouver, British Columbia--(Newsfile Corp. - April 30, 2020) - (the "") announces today its intention to make a normal course issuer bid (the "") to purchase for cancellation, from time to time, as it considers advisable, up to 1,344,700 of its issued and outstanding common shares, being approximately 4.99% of the Company's currently outstanding common shares and approximately 6.72% of the Company's Public Float (as that term is defined in the policies of the TSX Venture Exchange (the "")). The Bid will commence on May 9, 2020 and will terminate on May 8, 2021, or such earlier time as the Bid is completed or at the option of the Company. The Bid replaces the Company's current normal course issuer bid which expires on May 8, 2020. Mackie Research Capital Corporation of Vancouver, British Columbia will conduct the Bid on behalf of the Company.
Elysee Announces Loss for the Three Months Ended March 31, 2020
- Newsfile Corp - Fri Apr 17, 3:07PM CDT
Newsfile Corp - CMTX
Fri Apr 17, 3:07PM CDT
Vancouver, British Columbia--(Newsfile Corp. - April 17, 2020) - wishes to announce its unaudited financial results for the three month period ended March 31, 2020, the first quarter of fiscal 2020. All dollar amounts are in Canadian funds.
ELYSEE earns $1,817,312 ($0.07 per share) during the thirteen months ended December 31, 2019; declares final dividend of $0.02 per share for fiscal 2019
- Newsfile Corp - Fri Feb 21, 3:01PM CST
Newsfile Corp - CMTX
Fri Feb 21, 3:01PM CST
Vancouver, British Columbia--(Newsfile Corp. - February 21, 2020) - is pleased to announce its audited financial results for the thirteen month period ended December 31, 2019 ("FY2019") its seventh straight year of profitable operations and fifth year paying out a significant dividend. All dollar amounts are in Canadian funds.
ELYSEE earns $935,538 ($0.03 per share) during the nine months ended August 31, 2019
- Newsfile Corp - Wed Oct 16, 6:05AM CDT
Newsfile Corp - CMTX
Wed Oct 16, 6:05AM CDT
Vancouver, British Columbia--(Newsfile Corp. - October 16, 2019) - is pleased to announce that its unaudited financial statements and management discussion and analysis for the three and nine months ended August 31, 2019 are now available for viewing on SEDAR and at . All dollar amounts are in Canadian funds.
Elysee Investment US Vanadium Acquires America's Sole High-Purity Vanadium Production Facility
- Newsfile Corp - Tue Oct 15, 6:04AM CDT
Newsfile Corp - CMTX
Tue Oct 15, 6:04AM CDT
Vancouver, British Columbia--(Newsfile Corp. - October 15, 2019) - is pleased to announce that a private company in which Elysee holds approximately 15%, has now completed the previously announced acquisition from a leading Russian steel conglomerate of the only facility in the Americas that produces the world's highest purity vanadium pentoxide (V2O5).
ELYSEE provides corporate update
- Newsfile Corp - Wed Aug 21, 6:04AM CDT
Newsfile Corp - CMTX
Wed Aug 21, 6:04AM CDT
Vancouver, British Columbia--(Newsfile Corp. - August 21, 2019) - is pleased to provide the following update with respect to its recent investments.
ELYSEE earns $703,064 ($0.03 per share) during the six months ended May 31, 2019; declares interim dividend of $0.01 per share
Newsfile Corp - Fri Jul 12, 6:04AM CDT
Newsfile Corp - CMTX
Fri Jul 12, 6:04AM CDT
Vancouver, British Columbia--(Newsfile Corp. - July 12, 2019) - is pleased to announce that its unaudited financial statements and management discussion and analysis for the three and six months ended May 31, 2019 are now available for viewing on SEDAR and at . All dollar amounts are in Canadian funds.
ELYSEE earns $780,404 ($0.03 per share) during the three months ended February 28, 2019
Newsfile Corp - Thu Apr 11, 6:03AM CDT
Newsfile Corp - CMTX
Thu Apr 11, 6:03AM CDT
Vancouver, British Columbia--(Newsfile Corp. - April 11, 2019) - is pleased to announce its unaudited financial results for the first quarter ended February 28, 2019. All dollar amounts are in Canadian funds.
DIVIDEND DATE CORRECTION FROM SOURCE: ELYSEE earns $1,289,273 ($0.06 per share) during the fiscal year ended November 30, 2018; declares final dividend of $0.02 per share
Newsfile Corp - Thu Jan 31, 8:47AM CST
Newsfile Corp - CMTX
Thu Jan 31, 8:47AM CST
EQNX::LTNFI::BODYEQNX::GTEQNX::LTpEQNX::GTEQNX::LTbEQNX::GTElysee Development Corp. (TSXV: ELC) EQNX::LT/bEQNX::GTis issuing a correction for the dividend dates to its previous news release disseminated earlier today. The release which previously stated:EQNX::LTiEQNX::GT "The dividend is to be paid on EQNX::LTbEQNX::GTFebruary 28, 2018EQNX::LT/bEQNX::GT to shareholders of record on EQNX::LTbEQNX::GTFebruary 18, 2018EQNX::LT/bEQNX::GTEQNX::LT/iEQNX::GT," has been corrected to read EQNX::LTbEQNX::GTFebruary 28, 2019EQNX::LT/bEQNX::GT and EQNX::LTbEQNX::GTFebruary 19, 2019EQNX::LT/bEQNX::GT in the fifth paragraph.EQNX::LT/pEQNX::GTEQNX::LTpEQNX::GTVancouver, British Columbia--(Newsfile Corp. - January 31, 2019) - EQNX::LTbEQNX::GTElysee Development Corp. (TSXV: ELC) EQNX::LT/bEQNX::GTis pleased to announce its audited financial results for the fiscal year ended November 30, 2018, its sixth straight year of profitable operations and fourth year paying out a dividend. All dollar amounts are in Canadian funds. EQNX::LT/pEQNX::GTEQNX::LTpEQNX::GTHighlights of fiscal 2018 results include:EQNX::LT/pEQNX::GTEQNX::LTul style="list-style-type: disc;"EQNX::GTEQNX::LTliEQNX::GTNet income almost doubled from $651,448 ($0.03 per share) in FY2017 to $1,289,273 ($0.06 per share) in FY2018;EQNX::LT/liEQNX::GTEQNX::LTliEQNX::GTNet investment income increased by 46% to $1,893,287 in FY2018;EQNX::LT/liEQNX::GTEQNX::LTliEQNX::GTCash operating expenses rose 2% to $504,705;EQNX::LT/liEQNX::GTEQNX::LTliEQNX::GTCash on hand at November 30, 2018 was approximately $4 million dollars compared to $882,010 at November 30, 2017; EQNX::LT/liEQNX::GTEQNX::LTliEQNX::GTFinal dividend of $0.02 per share declared for 2018, bringing the total annual dividend for 2018 to $0.03 per share; EQNX::LT/liEQNX::GTEQNX::LTliEQNX::GTNet Asset Value per share at November 30, 2018 of $0.52 per share; and EQNX::LT/liEQNX::GTEQNX::LTliEQNX::GTCompletion of an over-subscribed non-brokered private placement of $1.7 million at market price. EQNX::LT/liEQNX::GTEQNX::LT/ulEQNX::GTEQNX::LTpEQNX::GTThe earnings for the current year were primarily the result of realized gains on marketable securities of $2,554,635 and interest and dividend income of $142,945, offset by unrealized losses on marketable securities of $817,010. Net investment income in fiscal 2018 totaled $1,893,287 as compared to $1,255,515 in fiscal 2017. EQNX::LT/pEQNX::GTEQNX::LTpEQNX::GTIn keeping with the Company's stated policy of returning cash to the shareholders whenever possible and prudent, the board of directors of Elysee has declared a dividend of two cents ($0.02) per share on the Company's common shares. The dividend is to be paid on February 28, 2019 to shareholders of record on February 19, 2019. This is an eligible dividend for Canadian income tax purposes.EQNX::LT/pEQNX::GTEQNX::LTpEQNX::GTElysee paid an interim dividend of $0.01 per share on August 3, 2018. As a result, the total dividend attributable to our fiscal 2018 results amounts to $0.03 per share, which represents a gross dividend yield of approximately 8.1 % based on our current share price. EQNX::LT/pEQNX::GTEQNX::LTpEQNX::GTGuido Cloetens, the Executive Chairman of Elysee, stated: "We are extremely pleased with our continued solid performance during fiscal 2018, which now marks our sixth consecutive year of profitability. Our balance sheet remains strong, with almost $14 million in net assets as at November 30, 2018. EQNX::LT/pEQNX::GTEQNX::LTpEQNX::GTIn spite of a very poor performance by both the TSX-V index, which was down 25% over the same period, and the junior resource market in general, our earnings per share effectively doubled. These results will enable us to pay $0.03 per share in annual dividends for the second fiscal year in a row.EQNX::LT/pEQNX::GTEQNX::LTpEQNX::GTIn the first two months of 2019 our investments have continued to perform well, led by an increase in value of our portfolio of junior gold mining companies." EQNX::LT/pEQNX::GTEQNX::LTpEQNX::GTIn September 2018 Elysee raised $1.7 million in an over-subscribed non-brokered private placement at market price with no warrants attached and no finders fees paid.EQNX::LT/pEQNX::GTEQNX::LTpEQNX::GTAs of November 30, 2018, the five most significant positions held by Elysee were Kirkland Lake Gold Inc., Largo Resources Ltd., TerraX Minerals Inc., IBC Advanced Alloys Corp. and Energy Fuels Inc. EQNX::LT/pEQNX::GTEQNX::LTpEQNX::GTAs at November 30, 2018, the fair value of the company's investments in marketable securities was $9,143,332 as compared with $10,681,519 as at November 30, 2017. Cash and cash equivalents at November 30, 2018 totaled $4,000,039 as compared to $882,010 at November 30, 2017. The Company's only debt was comprised of trade payables and accruals of $179,805 as of November 30, 2018.EQNX::LT/pEQNX::GTEQNX::LTpEQNX::GTDuring the fiscal year ended November 30, 2018, the Company repurchased 175,000 of its shares at a total cost of $54,500 pursuant to a Normal Course Issuer Bid. These shares were returned to treasury and cancelled. As of November 30, 2018, there were 26,610,613 shares outstanding. EQNX::LT/pEQNX::GTEQNX::LTpEQNX::GTOn November 30, 2018, Elysee's net asset value ("NAV") was $0.52 per share. NAV is a non-GAAP (generally accepted accounting principles) measure calculated as the value of total assets less the value of total liabilities divided by the total number of common shares outstanding as at a specific date. For the purpose of this calculation, share purchase warrants held by Elysee were valued using the Black-Scholes model calculation, as reported in our annual and quarterly financial statements. The term NAV does not have any standardized meaning according to GAAP and therefore may not be comparable to similar measures presented by other companies. There is no comparable GAAP measure presented in Elysee's financial statements and thus no applicable quantitative reconciliation for such non-GAAP financial measure. The Company believes that NAV can provide information useful to its shareholders in understanding its performance, and may assist in the evaluation of its business relative to that of its peers. EQNX::LT/pEQNX::GTEQNX::LTpEQNX::GTThe audited Financial Statements and management discussion and analysis are available for viewing on SEDAR and at EQNX::LTa href="https://www.newsfilecorp.com/redirect/48ObiwB"EQNX::GTwww.elyseedevelopment.comEQNX::LT/aEQNX::GT.EQNX::LT/pEQNX::GTEQNX::LTpEQNX::GTEQNX::LTuEQNX::GTEQNX::LTbEQNX::GTFOR FURTHER INFORMATION, PLEASE CONTACT:EQNX::LT/bEQNX::GTEQNX::LT/uEQNX::GTEQNX::LT/pEQNX::GTEQNX::LTpEQNX::GTStuart RogersEQNX::LTbr /EQNX::GTPresidentEQNX::LTbr /EQNX::GTElysee Development Corp. EQNX::LTbr /EQNX::GTTel: (778) 373-1562EQNX::LT/pEQNX::GTEQNX::LTpEQNX::GTGuido CloetensEQNX::LTiEQNX::GTEQNX::LTbEQNX::GT EQNX::LT/bEQNX::GTEQNX::LT/iEQNX::GTEQNX::LTbr /EQNX::GTChairman and CEOEQNX::LTbr /EQNX::GTEQNX::LTa href="mailto:info@elyseedevelopment.com"EQNX::GTinfo@elyseedevelopment.comEQNX::LT/aEQNX::GTEQNX::LTbr /EQNX::GTTel: (778)-985-8011EQNX::LT/pEQNX::GTEQNX::LTpEQNX::GTEQNX::LTiEQNX::GTEQNX::LTbEQNX::GTNeither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.EQNX::LT/bEQNX::GTEQNX::LT/iEQNX::GTEQNX::LT/pEQNX::GTEQNX::LTpEQNX::GTEQNX::LTuEQNX::GTEQNX::LTiEQNX::GTCaution Regarding Forward-Looking StatementsEQNX::LT/iEQNX::GTEQNX::LT/uEQNX::GTEQNX::LTiEQNX::GT - This news release contains certain forward-looking statements that are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements, oral or written, made by itself or on its behalf, except as required by applicable law.EQNX::LT/iEQNX::GTEQNX::LT/pEQNX::GTEQNX::LTp id="corporateNewsLogoContainer"EQNX::GTEQNX::LTimg src="https://orders.newsfilecorp.com/files/2482/42571_5015a1cd24129bb7_logo.jpg" id="corporateNewsLogo" alt="Corporate Logo" style="width: 200px;" /EQNX::GTEQNX::LT/pEQNX::GTEQNX::LTpEQNX::GTEQNX::LT/pEQNX::GTEQNX::LTp id="corporateLinkBack"EQNX::GTTo view the source version of this press release, please visit EQNX::LTa href="https://www.newsfilecorp.com/redirect/QDeau0P"EQNX::GThttps://www.newsfilecorp.com/release/42582EQNX::LT/aEQNX::GTEQNX::LT/pEQNX::GTEQNX::LTpEQNX::GTEQNX::LTimg src="http://www.newsfilecorp.com/newsinfo.php?i=42582&f=243" alt="" /EQNX::GTEQNX::LT/pEQNX::GTEQNX::LT/NFI::BODYEQNX::GT

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