Zecotek Increases Non-Brokered Private Placement

VANCOUVER, BC—(Marketwired – January 12, 2018) –

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Zecotek Photonics Inc. (TSX VENTURE: ZMS) (FRANKFURT: W1I), a developer of leading–edge photonics technologies for medical, industrial and scientific markets, today announced that the Company has increased the non–brokered private placement, previously announced on December 29, 2017, to 15,333,333 units of the Company to be sold at a price of $0.30 per unit for gross proceeds of $4,600,000.

Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to acquire one common share at an exercise price of $0.43 per common share at any time on or before the 24–month anniversary of the closing of the offering.

Net proceeds from the funds raised will be used to complete the transfer of technology for the purpose of immediate commercialization, strengthen and maintain patents of the Company's IP portfolio, and used for purchase order financings and general working capital purposes. Pursuant to the financing, the Company may pay a finder's fee.

All shares and warrants are subject to a four–month hold period.

About Zecotek

Zecotek Photonics Inc. (TSX VENTURE: ZMS) (FRANKFURT: W1I) is a photonics technology company developing high–performance scintillation crystals, photo detectors, positron emission tomography scanning technologies, 3D auto–stereoscopic displays, 3D metal printing, and lasers for applications in medical, high–tech and industrial sectors. Founded in 2004, Zecotek operates three divisions: Imaging Systems, Optronics Systems and 3D Display Systems with labs located in Canada, Korea, Russia, Singapore and U.S.A. The management team is focused on building shareholder value by commercializing over 50 patented and patent pending novel photonic technologies directly and through strategic alliances and joint ventures with leading industry partners including Hamamatsu Photonics (Japan), the European Organization for Nuclear Research (Switzerland), Shanghai EBO Optoelectronics Technology Co. (China), Beijing Opto–Electronics Technology Co. Ltd. (China), NuCare Medical Systems (South Korea), the University of Washington (United States), and National NanoFab Center (South Korea). For more information visit www.zecotek.com, follow @zecotek on Twitter.

This press release may contain forward–looking statements that are based on management's expectations, estimates, projections and assumptions. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what may have been stated.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the content of this news release. If you would like to receive news from Zecotek in the future please visit the corporate website at www.zecotek.com.

Melcor Closes $80.875 Million Sale to Melcor REIT

EDMONTON, AB—(Marketwired – January 12, 2018) – Melcor Developments Ltd. (TSX: MRD), an Alberta–based real estate development and asset management company, announced today that it has completed the sale of five commercial properties comprised of 172,629 sf gross leasable area (GLA) at its ownership percentage to Melcor Real Estate Investment Trust (the REIT) for $80.875 million (excluding transaction costs).

Darin Rayburn, Melcor's President & Chief Executive Officer commented on the sale: “It is gratifying to see a key element of the growth strategy for both Melcor and the REIT come to fruition through our fourth transaction with the REIT. Monetizing the value of our commercial properties means we can continue to invest in new projects and raw land to continue the cycle.

“I thank the entire Melcor team for their dedication to ensuring that we continue to create value for Melcor and our shareholders. A transaction such as this starts with a raw land purchase, followed by approvals, zoning, servicing, construction of buildings, leasing and ongoing property management. Our success in continuing to build value through this value chain is a testament to the whole Melcor team as this process progresses through most of our operating divisions and is supported by our corporate team.”

The commercial properties, which were completed and leased by Melcor, are as follows:

PROPERTY   PHASE   TYPE   LOCATION   GLA (sf)   OCCUPANCY
Kingsview Market Square   2 & 4   Retail   Airdrie   52,469   100%
Telford Industrial   4   Industrial   Leduc   44,328   100%
Chestermere Station1   7   Retail   Chestermere   10,531   100%
The District at North Deerfoot   1   Retail   Calgary   23,159   100%
West Henday Promenade   2   Retail   Edmonton   42,142   100%
TOTAL               172,629   100%

1 Chestermere Station is 50% owned by Melcor.

Melcor will continue to manage these properties under the asset and property management agreements.

Melcor's effective ownership in the REIT is now a 53.0% majority interest.

About Melcor Developments Ltd.

Melcor is a diversified real estate development and asset management company that transforms real estate from raw land through to high–quality finished product in both residential and commercial built form. Melcor develops and manages mixed–use residential communities, business and industrial parks, office buildings, retail commercial centres and golf courses. Melcor owns a well diversified portfolio of assets in Alberta, Saskatchewan, British Columbia, Arizona, Colorado and Texas.

Melcor has been focused on real estate since 1923. The company has built over 100 communities across Western Canada and today manages 3.90 million sf in commercial real estate assets and 612 residential rental units. Melcor is committed to building communities that enrich quality of life – communities where people live, work, shop and play.

Melcor's headquarters are located in Edmonton, Alberta, with regional offices throughout Alberta and in British Columbia and Phoenix, Arizona. Melcor has been a public company since 1968 and trades on the Toronto Stock Exchange (TSX: MRD).

Forward Looking Statements

Certain information set forth in this news release, may contain forward–looking statements, and necessarily involve risks and uncertainties, certain of which are beyond Melcor's control. Actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward–looking statements and, accordingly, no assurance can be given that any events anticipated by the forward–looking statements will transpire or occur, or if any of them do so, what benefits that Melcor will derive therefrom. Additional information on these and other factors that could affect Melcor are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com). Furthermore, the forward–looking statements contained in this news release are made as of the date of this news release, and Melcor does not undertake any obligation to update publicly or to revise any of the included forward looking statements, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities law.

Melcor REIT Announces the Closing of $80.875 Million of Property Acquisitions

EDMONTON, AB—(Marketwired – January 12, 2018) –

NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES.

Melcor Real Estate Investment Trust (TSX: MR.UN) (the “REIT”) announced today the closing of the purchase (the “Melcor Acquisition”) of five commercial properties (the “Acquisition Properties”) from Melcor Developments Ltd. (“Melcor”). The Acquisition Properties, which represent approximately 172,629 square feet of owned gross leasable area, will be managed by Melcor, the REIT's external asset manager and property manager.

The purchase price for the Acquisition Properties was satisfied as follows: (i) approximately $2.5 million by the issuance to Melcor of 283,447 Class B LP Units of Melcor REIT Limited Partnership, a subsidiary of the REIT, each with an issue price of $8.82; (ii) approximately $13.31 million by the issuance to Melcor of approximately 1.33 million Class C LP Units of Melcor REIT Limited Partnership, each with an issue price of $10.00; (iii) $31.04 million by mortgage assumptions; and (iv) approximately $34.03 million in cash.

Melcor currently holds an approximate 53.0% effective interest in the REIT through the ownership of: (i) 14,899,325 Special Voting Units of the REIT; and (ii) 14,899,325 Class B LP Units of Melcor REIT Limited Partnership, each of which is economically equivalent to, and exchangeable for, one trust unit (“Unit”) of the REIT.

In order to partially finance the Melcor Acquisition, the REIT completed a bought deal public offering (the “Offering”) of 2,035,500 subscription receipts (the “Subscription Receipts”) at a price of $8.50 per Subscription Receipt for gross proceeds of $17.3 million and $23.0 million aggregate principal amount of 5.25% extendible convertible unsecured subordinated debentures (the “Debentures”), including exercise of the over–allotment options in full. The Offering was underwritten by a syndicate of underwriters co–led by CIBC Capital Markets and RBC Capital Markets, and included BMO Nesbitt Burns Inc., TD Securities Inc., Desjardins Securities Inc., National Bank Financial Inc., Scotia Capital Inc., Canaccord Genuity Corp. and Raymond James Ltd. CIBC Capital Markets and RBC Capital Markets were the bookrunners on the transaction.

Contemporaneously with the closing of the Melcor Acquisition: (i) one Unit of the REIT was automatically issued in exchange for each Subscription Receipt; and (ii) the maturity date of the Debentures was automatically extended to December 31, 2022 (the “Maturity Date”).

Each $1,000 principal amount of Debentures will be convertible into Units at the option of the holder at any time after the date hereof and prior to the close of business on the earlier of the Maturity Date and the business day immediately preceding the date specified by the REIT for redemption of the Debentures, at a conversion price of $11.50 per Unit, being a ratio of approximately 86.9565 Units per $1,000 principal amount of Debentures, subject to adjustment in certain events in accordance with the trust indenture governing the Debentures.

Andy Melton, Chief Executive Officer of the REIT commented: “We appreciate the support of our unitholders as we execute on our growth strategy, increasing our GLA by 6%. The acquired properties feature newly developed retail and industrial assets, primarily in developments where we already own assets.”

About Melcor REIT

The REIT is an unincorporated, open–ended real estate investment trust. The REIT owns, acquires, manages and leases quality retail, office and industrial income–generating properties. Its portfolio is currently made up of interests in 38 properties representing approximately 2.88 million square feet of gross leasable area located across Alberta, Regina, Saskatchewan and Kelowna, British Columbia. For more information, please visit www.melcorREIT.ca.

Forward–Looking Statements

This press release contains “forward–looking information” as defined under applicable Canadian securities law (“forward–looking information” or “forward–looking statements”) which reflect management's expectations regarding objectives, plans, goals, strategies, future growth, results of operations, performance, business prospects and opportunities of the REIT. Statements other than statements of historical fact contained in this press release may be forward–looking information. The REIT has based these forward–looking statements on its current expectations and assumptions about future events, which may prove to be incorrect.

When relying on forward looking statements to make decisions, readers are cautioned not to place undue reliance on these statements, as forward–looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results and do not take into account the effect of transactions or other items announced or occurring after the statements are made. All forward–looking information in this press release speaks as of the date of this press release. A number of factors could cause actual results to differ materially from the results discussed in the forward–looking statements. The REIT does not undertake any obligation to update any such forward–looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.

INFINITI achieves eighth consecutive global sales record

HONG KONG, CHINA—(Marketwired – January 12, 2018) –

  • INFINITI achieved its eighth consecutive sales record in 2017 with 246,492 vehicles sold globally, a 7% increase.
  • INFINITI Americas achieved an all–time sales record with 168,740 vehicles sold (+10%), with U.S. (153,415 vehicles, +11%) and Canada (12,433 vehicles, +3%) each setting all–time records.
  • INFINITI China achieved an all–time record for December with 5,823 vehicles sold (+24%) and marked a record year in 2017 with 48,408 vehicles sold, a 16% increase.
  • INFINITI sold 16,625 vehicles in Europe in 2017, and 6,141 vehicles in the Middle East.
  • In Asia and Oceania (6,552 vehicles sold in 2017), Taiwan finished the year with a strong achievement of 2,440 vehicle sales (+21%), an all–time record.
  • INFINITI will show the Q Inspiration in Detroit, heralding a new design language for the brand.

Following the brand's 28th birthday, INFINITI Motor Company achieved its eight consecutive annual global sales record in 2017 with 246,492 vehicles sold, a 7% increase compared with 2016. INFINITI achieved all–time annual sales records in the U.S., Canada, China and Taiwan in 2017, helped by the global introductions of the Q60 coupe, the Q50 flagship sedan and the Q30/QX30 compact crossover.

In December, INFINITI sold 25,288 vehicles globally.

Christian Meunier, global division vice president for INFINITI sales operations and marketing, said: “We're grateful that customers around the world increasingly appreciate the stunning design, advanced technologies and premium experience we work so hard to offer. Our portfolio has never been stronger, and our design has never been as compelling or consistent. We expect the momentum to continue in 2018 with the introduction of the new QX80 full–size SUV, which just went on sale, and our all–new QX50 midsize crossover, which goes on sale in the first quarter and features the world's first variable–compression ratio internal combustion engine — the VC–Turbo. We'll show the world a glimpse of our new design direction next week in Detroit with the debut of a stunning, new sedan concept designed to accommodate future powertrain and autonomous technologies.”

INFINITI will reveal the Q Inspiration on Jan. 15 at the North American International Auto Show in Detroit. Representing the next step in INFINITI design, the exterior of Q Inspiration features clear and concise lines and eschews classical sedan forms with its elongated silhouette. It's the first manifestation of INFINITI's new form language for an era of advanced powertrains and presents a design vision for vehicles in this segment.

About INFINITI

INFINITI Motor Company Ltd. is headquartered in Hong Kong with representations in 50 markets around the world. The INFINITI brand was launched in 1989. Its range of premium automobiles is currently built in manufacturing facilities in Japan, the United States, United Kingdom and China.

INFINITI design studios are located in Atsugi–Shi (near Yokohama), London, San Diego and Beijing.

INFINITI is in the middle of a major product offensive. The brand has been widely acclaimed for its daring design and innovative driver–assistance technologies.

From the 2016 season, INFINITI is a technical partner of the Renault Sport Formula One team, contributing its expertise in hybrid performance.

More information about INFINITI and its industry–leading technologies can be found at www.infiniti.com. You can also follow INFINITI on Facebook, Instagram, Twitter, LinkedIn and see all our latest videos on YouTube.

Image Available: http://www.marketwire.com/library/MwGo/2018/1/12/11G149384/Images/INFINITI_Q_Inspiration_Exterior_for_Global_Sales_R–373de567c7e7a6a89dd1245e67d397e9.jpg

INFINITI achieves eighth consecutive global sales record

HONG KONG, CHINA—(Marketwired – January 12, 2018) –

  • INFINITI achieved its eighth consecutive sales record in 2017 with 246,492 vehicles sold globally, a 7% increase.
  • INFINITI Americas achieved an all–time sales record with 168,740 vehicles sold (+10%), with U.S. (153,415 vehicles, +11%) and Canada (12,433 vehicles, +3%) each setting all–time records.
  • INFINITI China achieved an all–time record for December with 5,823 vehicles sold (+24%) and marked a record year in 2017 with 48,408 vehicles sold, a 16% increase.
  • INFINITI sold 16,625 vehicles in Europe in 2017, and 6,141 vehicles in the Middle East.
  • In Asia and Oceania (6,552 vehicles sold in 2017), Taiwan finished the year with a strong achievement of 2,440 vehicle sales (+21%), an all–time record.
  • INFINITI will show the Q Inspiration in Detroit, heralding a new design language for the brand.

Following the brand's 28th birthday, INFINITI Motor Company achieved its eight consecutive annual global sales record in 2017 with 246,492 vehicles sold, a 7% increase compared with 2016. INFINITI achieved all–time annual sales records in the U.S., Canada, China and Taiwan in 2017, helped by the global introductions of the Q60 coupe, the Q50 flagship sedan and the Q30/QX30 compact crossover.

In December, INFINITI sold 25,288 vehicles globally.

Christian Meunier, global division vice president for INFINITI sales operations and marketing, said: “We're grateful that customers around the world increasingly appreciate the stunning design, advanced technologies and premium experience we work so hard to offer. Our portfolio has never been stronger, and our design has never been as compelling or consistent. We expect the momentum to continue in 2018 with the introduction of the new QX80 full–size SUV, which just went on sale, and our all–new QX50 midsize crossover, which goes on sale in the first quarter and features the world's first variable–compression ratio internal combustion engine — the VC–Turbo. We'll show the world a glimpse of our new design direction next week in Detroit with the debut of a stunning, new sedan concept designed to accommodate future powertrain and autonomous technologies.”

INFINITI will reveal the Q Inspiration on Jan. 15 at the North American International Auto Show in Detroit. Representing the next step in INFINITI design, the exterior of Q Inspiration features clear and concise lines and eschews classical sedan forms with its elongated silhouette. It's the first manifestation of INFINITI's new form language for an era of advanced powertrains and presents a design vision for vehicles in this segment.

About INFINITI

INFINITI Motor Company Ltd. is headquartered in Hong Kong with representations in 50 markets around the world. The INFINITI brand was launched in 1989. Its range of premium automobiles is currently built in manufacturing facilities in Japan, the United States, United Kingdom and China.

INFINITI design studios are located in Atsugi–Shi (near Yokohama), London, San Diego and Beijing.

INFINITI is in the middle of a major product offensive. The brand has been widely acclaimed for its daring design and innovative driver–assistance technologies.

From the 2016 season, INFINITI is a technical partner of the Renault Sport Formula One team, contributing its expertise in hybrid performance.

More information about INFINITI and its industry–leading technologies can be found at www.infiniti.com. You can also follow INFINITI on Facebook, Instagram, Twitter, LinkedIn and see all our latest videos on YouTube.

Image Available: http://www.marketwire.com/library/MwGo/2018/1/12/11G149384/Images/INFINITI_Q_Inspiration_Exterior_for_Global_Sales_R–373de567c7e7a6a89dd1245e67d397e9.jpg

Primero Extends Revolving Credit Facility in Connection With Proposed Business Combination

TORONTO, ON—(Marketwired – January 12, 2018) – Primero Mining Corp. (“Primero” or the “Company”)(TSX: P) today announced that the Company has agreed to an extension of its revolving credit facility (“RCF”) and the related guarantee provided by Wheaton Precious Metals Corp., both previously maturing on January 11, 2018, to the earlier of (i) April 30, 2018, (ii) the closing of the business combination with First Majestic Silver Corp. announced on January 12, 2018, and (iii) the seventh business day following termination of the proposed business combination.

About Primero

Primero Mining Corp. is a Canadian–based precious metals producer that owns 100% of the San Dimas gold–silver mine in Mexico.

Primero's website is www.primeromining.com.

CAUTIONARY STATEMENT ON FORWARD–LOOKING INFORMATION

This news release contains “forward–looking statements”, within the meaning of applicable United States and Canadian securities legislation, concerning the business and operations of Primero Mining Corp. and its consolidated subsidiaries (collectively, “Primero” or the “Company”). All statements, other than statements of historical fact, are forward–looking statements. Forward–looking statements in this news release include statements regarding the expected extension of the Company's revolving credit facility, the Company's ability to continue negotiations surrounding its previously announced strategic review process and the possible divestiture of its San Dimas mine. The assumptions made by the Company in preparing the forward–looking information contained in this news release, which may prove to be incorrect, include, but are not limited to: the expectations and beliefs of management; the specific assumptions set forth above in this news release; that negotiations will continue regarding the Company's strategic review process, or that negotiations will result in any resolution acceptable to all Primero stakeholders.

Forward–looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, performance or achievements of Primero to be materially different from those expressed or implied by such forward–looking statements, including: the exchange rate between the Canadian dollar and the United States dollar may change; the Company may not be able draw down, re–finance or extend its line of credit facility; the documentation to extend the credit facility may not be timely completed; negotiations in connection with the strategic process may be interrupted or may break down and may not result in a resolution that is acceptable to all Primero stakeholders. Certain of these factors are discussed in greater detail in Primero's registration statement on Form 40–F on file with the U.S. Securities and Exchange Commission, and its most recent Annual Information Form on file with the Canadian provincial securities regulatory authorities and available at www.sedar.com. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward–looking statements. In addition, although Primero has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward–looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward–looking statements.

Forward–looking statements are made as of the date hereof and accordingly are subject to change after such date. Forward–looking statements are provided for the purpose of providing information about management's current expectations and plans and allowing investors and others to get a better understanding of our operating environment. Primero does not undertake to update any forward–looking statements that are included in this document, except in accordance with applicable securities laws.

Attachment Available: http://www.marketwire.com/library/MwGo/2018/1/12/11G149380/PR1–18_RCF_Extension_5_Final–572514bbfb508bb1890748164aa52611.pdf