VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 16, 2014) - Thelon Capital Ltd. (the "Company") (TSX VENTURE:THC)(FRANKFURT:TFHC) is pleased to announce, as part of its ongoing evaluation of new opportunities, that it has entered into a Memorandum of Understanding with Canadian Mining Company Inc. (TSX VENTURE:CNG) to test its Zeolite in the growing of Medical Marijuana. THC will have an option to earn up to a 50% interest in The Sun Group Zeolite Project in Princeton B.C.
Mr. 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."
Mr. Ray Paquette, President& CEO of CNG-tsx.v 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.
ON BEHALF OF THE BOARD OF DIRECTORS
Scott Walters, President & Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release.
This news release contains forward-looking statements that involve risks and uncertainties. Forward-looking statements or information are based on current expectations, estimates and projections that involve a number of risks and uncertainties which could cause actual results to differ materially from those anticipated by the Company. The forward-looking statements or information contained in this news release are made as of the date hereof and the Company does not undertake any obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.