Starting at 600 GMT, and continuing through 2100 GMT when polls close, Britain is conducting a historic referendum on whether to stay in the European Union on Thursday. While results from each of the 382 counting areas will be released overnight and into the morning, the market already appears to have made up its mind what will happen. Sitll, for those who have yet to vote, and everyone else following along,here are the full details of how today’s vote will take place and what to watch for:

From Tyler Durden (http://www.silverdoctors.com/headlines/world-news/everything-you-need-to-know-about-todays-brexit-vote/#more-68920):

WHEN WILL RESULTS COME?

• Votes will be counted by hand, starting as soon as polls close at 2100 GMT.
• Each of 382 local counting areas will tally the number of ballot papers cast and announce local turnout figures (including spoiled ballots and postal votes) in each of the areas. The Electoral Commission has estimated that most turnout announcements at counting-area level will come between 2230 on June 23 and 0130 on June 24. The last turnout figure is expected at around 0400.
• Each area will count the votes and announce totals for REMAIN and LEAVE. The majority of counting areas are expected to declare between around 0100 and 0300 on June 24. The last declaration is expected around 0600.
• Local totals will be collated into totals for 12 regions, and then a final, national, result. The final result will be announced in Manchester by Jenny Watson, Chief Counting Officer.

WHEN CAN PEOPLE VOTE?

• Polling stations open at 0600 on June 23 and close at 2100.

ARE ALL THE COUNTING AREAS THE SAME?

• No. The counting areas, based along the lines of local government authorities, vary widely in population. The biggest counting areas are Birmingham, Leeds and Northern Ireland.
• The Birmingham area has around 700,000 eligible voters while the City of London counting area, comprising the central financial district of the capital, has just 7,000 eligible voters. The smallest counting area is the Isles of Scilly which has about 1,700 voters.
• Estimated time of declarations in the bigger areas: Northern Ireland around 0030, Birmingham around 0330, Leeds around 0400, Glasgow around 0400, Sheffield around 0330, Cornwall around 0230-0300, Bradford around 0200, Durham around 0130, Manchester around 0400 and Edinburgh around 0300-0400).
• London’s counting areas are along the lines of the city’s 32 boroughs.

WHAT TO WATCH FOR

1. Turnout could be key to the result but only partial figures will be available initially. Turnout at last year’s British parliamentary election was 66 percent. Turnout well below this is likely to favour Leave as those who back Brexit are considered more likely to vote, according to campaigners on both sides.
2. First results: Sunderland, likely to be one of the first results to declare (2330), has a large number of older, lower income voters who polls show are more likely to back Brexit. If Leave are not strongly ahead here it may indicate they will struggle to break through in areas less favourable to Brexit.
3. Geography: Leave is expected to do well in eastern England, so close results in some of the most eurosceptic areas such as Southend-on-Sea (0200) and Castle Point (0130) could give an indication the national vote has swung towards Remain.
4. Labour voters: Opposition Labour Party supporters are considered key to securing a Remain vote so the results of traditional Labour strongholds such as the north of England and south Wales, where backing for the anti-EU UK Independence Party has risen, will be closely watched.
   Early declarations in such areas include Oldham (0000) and Salford (0030) in northern England and Merthyr Tydfil (0030) in Wales.
5. Scotland: Scotland is considered to be pro-EU, so any close early results from Scotland such as Stirling (0030) could indicate trouble for the Remain camp.
6. Swing seats: Nuneaton (0100) is considered a bellwether seat in parliamentary elections so will be watched to see if Prime Minister David Cameron has managed to get swing voters who last year backed his Conservatives to turn out for Remain.
7. Count chronology: Some research has indicated Remain could be well ahead at first and that from around 0300-0400 the Brexit count is less likely to deviate from the end results. Others, as the Open Europe think tank, have suggested that by about 0330 most of strongest Leave areas will have declared so if Leave do not hold the lead or even if it is very close, it may bode badly for them. Ron Johnston, a professor of geography at the University of Bristol who has researched the counting areas and modelled how the vote could unfold, said the big picture was that the figures could flip around until about 0300.TURNOUTDB writes: “the number of voters in each area is compiled before counting. So we should get an idea on turnout before the first results (perhaps due at around 0030 Friday – see below). The UK Electoral Commission has estimated that most will come through between 2330-0230. DB’s George Buckley has argued that the ‘leave’ vote appears more passionate and is likely to be more incentivized to vote. A low turnout number could therefore favour them. The last General Election (May 2015) saw a 66% turnout but the Scottish referendum saw 85%. The 1975 EEC UK referendum saw just under 65%. It’s impossible to work out at what number the pendulum shifts in favour of ‘remain’ (if indeed it does) but maybe last year’s General Election is a baseline figure. Given the phenomenal media interest, on balance I’d be surprised if it wasn’t higher. As George Buckley reminded me yesterday, in 1975 we’d only been a member of the EEC for a couple of years so surely this is a more momentous vote with more at stake either way?”

RESULTS

The first results are expected around 0030 BST (Sunderland first perhaps) with 50% likely available by 0400 and 80% by 0500. The chart below shows the likely cumulative % declaration by time.

In terms of interpreting the results DB’s Jack Di-Lizia has produced an interesting graph showing the likely declaration results timings against level of euroscepticism in that area.

The lower this number the greater the level of euroscepticism. This index was compiled using Sky who ranked each area of the country. As a word of warning this was done in March before the recent swing towards ‘leave’ and the regions may not exactly map the count areas. However as can be seen from the moving average, the initial results may favour eurosceptic areas before it becomes more random as we approach 0200. YouGov has also issued numbers for eurosceptism and DB’s George Buckley has compiled a list of areas that report before 0300 and show similar numbers for Sky and YouGov (to confirm the trend). He sees these as interesting ones to watch.

The largest areas will by definition take longer to count (0300-0600 BST) and the chart below highlights the largest, when they report, the size and share of overall electorate and the level of eurosceptism.

WILL THERE BE AN EXIT POLL?

• There are no plans by broadcasters for an exit poll as the margin of error is deemed too large, but there have been reports that some hedge funds may have commissioned private polls which could affect markets.
• Details of a telephone poll conducted before the voting by Ipsos MORI for the Evening Standard newspaper are expected to be published during the day. The findings of a YouGov poll, based on interviews conducted online on Thursday, are due to be announced by Sky News after the close of voting at 2100.

THE QUESTION

Voters will be given one piece of paper with the question:

• “Should the United Kingdom remain a member of the European Union or leave the European Union?”
  They will be asked to put a cross beside either:
• “Remain a member of the European Union”
• “Leave the European Union”

WHO CAN VOTE?

• The electoral commission says 46.5 million people can vote, including all those who are entitled to vote in a UK parliamentary election. Voters include British citizens 18 and older who are resident in Britain, and those who live abroad if they have appeared on a parliamentary voter register in the last 15 years.
• Citizens of Ireland and countries of the Commonwealth of mostly former British colonies can also vote if they live in Britain, but citizens of other EU countries who live in Britain cannot. Voting will also take place in Gibraltar, the British overseas territory on the coast of Spain.

REGISTERING TO VOTE

Britain extended the voter registration period for the referendum to midnight on June 9 after a late surge in applications crashed a website shortly before the original June 7 midnight deadline.

CAN THE COUNT AND VOTE BE CHALLENGED?

This is unlikely. The electoral commission says the rules do not provide for a national recount under any circumstances. Requests for local recounts can be made at the local level, to be decided by the counting officer.

“We expect local recounts to be granted if a specific issue has been identified with the process in that counting area, rather than simply when the local totals are close,” the commission says.

The only way to challenge the national referendum result is by judicial review, which must be requested within six weeks of the certification of the result.

* * *

Sources: Electoral Commission, Open Europe, Reuters, DB

VANCOUVER, BRITISH COLUMBIA – June 22, 2016 – MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG /FKT:1MG) is pleased to report the Company has received a National Instrument (N.I.) 43-101 compliant technical report (the “Report”) regarding its Alberta Lithium Properties (the “Properties”). MGX commissioned APEX Geoscience Ltd. (“APEX”) to prepare a N.I. 43-101 Technical Report on its Lithium Oilfield Brine project in Alberta, Canada. MGX’s Alberta lithium-brine properties, which are the subject of the Technical Report, consist of 30 Metallic and Industrial Mineral permits for a total land package of 243,185.6 hectares (600,924.7 acres). The 30 contiguous and non-contiguous Permits can be divided into 15 sub-Properties that are located in four general areas of Alberta:

1. The Red Deer group of permits are situated in the Red Deer, AB area of south-central Alberta and comprise 10 permits, including a contiguous cluster of six permits (Buck Lake sub-Property) and four non-contiguous permits (Bonnie Glen, Rimbey Homeglen, Erskine and Wimborne sub-Properties);
2. The South Peace River Arch group of permits is situated near the communities of Hines Creek, AB and Fairview, AB and south of the Peace River Arch in northwestern Alberta, and comprises 10 permits, including a contiguous cluster of four permits (Sand Lake sub-Property) and six non-contiguous permits (Clear Lake; Utikuma River; Lesser Slave Lake; Upper and Lower Smoky River; and Pouce Coupe sub-Properties);
3. The Fox Creek group of permits is located near the Town of Fox Creek, AB and includes two separate groups of contiguous permits: Fox Creek East sub-Property (4 permits) and Fox Creek West sub-Property (2 permits); and
4. The Southeast group of permits is located north of the city of Medicine Hat, AB and east of the city of Brooks, AB in southeastern Alberta and comprises four contiguous permits (Dishpan Lake sub-Property).

MGX, by making certain payments and share issuances, holds 100% rights on the Permits, which gives MGX the exclusive right to explore for and develop potentially economic deposits of metallic and industrial minerals within the boundaries of the Permits subject to meeting bi-annual expenditure requirements. In addition to these Permits, MGX has recently applied for additional Alberta Metallic and Industrial Mineral Permits; these permit applications have yet to be formally granted by the Government of Alberta.

Infrastructure and Brine Production
In general, the Permits are situated in areas where the energy sector is active year round providing excellent transportation roots, supplies services, equipment and personnel that is associated with Alberta’s vast oil and gas sector; consequently there is an unlimited availability of resources including: workers and resource field personnel; power; equipment; engineering expertise; etc.

MGX Minerals Inc.’s Lithium Oilfield Brine Project in Alberta aquifers are within Devonian reef complexes of the Beaverhill Lake Group (Swan Hills Formation), Woodbend Group (Leduc Formation) and Elk Point Group (Winnipegosis Formation). The brine is currently being pumped to the surface from depths of between 1,660 m and 3,300 m below surface as a waste product of hydrocarbon production.

Currently, the extracted brine is separated from the petroleum products and then re-injected back into the subsurface. Hence, the brine represents the largest-volume waste stream associated with oil and gas production. The first major oil discovery in Western Canada was made in the Late Devonian (Frasnian) Leduc Formation of the Woodbend Group near the city of Devon, AB in 1947 (Leduc #1 well). Oil has been produced from the Devonian petroleum system in the Alberta portion of the Western Canada Sedimentary Basin ever since. The remaining established reserves of conventional crude oil in Alberta is about 288,200,000 cubic meters- more than one third of Canada’s remaining conventional reserves- and the Cretaceous and Devonian reservoirs are the major sources for all remaining conventional oil. The vast Devonian hydrocarbon reserves can largely be attributed to the abundance of mature, excellent to good quality carbonate source rocks. These same porous Devonian rock units host significant volumes of formation water, which can possibly and are currently being assessed for their lithium-enriched brine potential.

Highlights
A historical account of fluid geochemistry of Devonian formations waters from wells that were spudded on the MGX sub-Properties shows that:

• Mineralization on MGX’s Properties consists of Li-enriched Na-Ca brine hosted in aquifers within Devonian carbonate reef complexes predominantly of the Woodbend-Winterburn groups (MGX’s Red Deer, South Peace River Arch and Fox Creek groups of permits) and Elk Point Group (MGX’s Southeast group of permits).
• The Devonian formation/aquifer brine samples on the MGX Properties were collected from depths of between 1,665 m and 3,666 m below the surface.
• Devonian formation waters from selected wells on the MGX Properties reportedly contain up to 140 mg/L Li (21 separate well analyses average 100 mg/L Li). All 15 sub-Properties have at least one well with a recorded lithium content of >75 mg/L Li.
• Potassium was recorded in four separate Devonian wells yielding between 4,570 and 7,270 mg/L all of which were recorded in the area of the Red Deer group of permits.
• Formation water from a single well, 00/15-22-033-26W4-0, was analyzed for bromide (956 mg/L Br) and iodide (18 mg/L I).
• One Triassic sample contained significantly less lithium (26 mg/L Li) and potassium (430 mg/L K) showing that the Devonian brines contain higher concentrations of the elements of interest.

Devonian Oil & Gas Pools
As the Devonian petroleum system has generally been subject to hydrocarbon production for decades, many of the fields/pools are classified as mature or have extinguished their hydrocarbon resources. Consequently, an important consideration for Li-brine companies is to investigate Devonian fields/pools with viable petroleum reserves and active hydrocarbon production (i.e., operational lifespan) to ascertain/estimate the Li-brine potential of the associated aquifer going forward. With respect to MGX’s Properties, the Bonnie Glen, Erskine and Wimborne sub-Properties are all reported to have significant remaining established commingled natural gas reserves (15 x 106m3; 24 x 106m3; and 629 x 106m3, respectively; Alberta Energy Regulator, 2015). In addition, the Fox Creek area is undergoing hydrocarbon resurgence in that hydraulic fracturing technology has made tight oil and gas associated with the Woodbend Group (Duvernay Formation shale) accessible to current and future development.

A total of 4,969 oil, gas and water wells – regardless of stratigraphic target age – have been spudded on MGX’s Properties. Of the 4,969 wells, 228 wells penetrate the Devonian within the MGX Permits; the current well status of these wells includes: 41 active wells; 32 suspended wells; 148 abandoned wells; and seven wells of unknown status, which are typically related to shallow water wells. The majority of the Devonian wells, regardless of well status, occur in MGX’s Bonnie Glen; Rimbey Homeglen, Wimborne and Erskine sub-Properties (Red Deer group of permits in central Alberta) and Fox Creek group of permits in west-central Alberta. Importantly, production records show that these wells are capable of producing substantial volumes of formation water. For example, well 11/08-14-033-26W4, on the Wimborne sub-Property, produces about 900 bbls of formation water per day.

Recommendation
The Technical Report has shown that historical formation water geochemical analyses within MGX’s Properties contain up to 140 mg/L Li, which is equivalent to the highest lithium-enriched brine samples documented to date in Devonian aquifers of the Western Canada Sedimentary Basin. It is recommended, therefore, that MGX conduct a two-phased program to verify and assess Li-brine at its properties. The total estimated cost of both phases is CDN$600,000. Recommended Phase One work, which is estimated at CDN$180,000, involves a formation water geochemical sampling program with the objectives of verifying the historical brine chemistry that is presented in this Technical Report. Pending the results of the Phase One exploration work, the purpose and objective of the Phase Two exploration work is to: 1) prepare inferred mineral resource estimations at selected MGX sub-Properties; and 2) conduct laboratory-scaled test work to explore and optimize the elemental recovery process. The total cost of the Phase Two exploration work is estimated at CDN$420,000.

Technical Information
The Report summarizing the Properties was prepared in accordance with N.I. 43-101 standards by APEX and has been filed under the Company’s profile on SEDAR.  The Qualified Person (“QP”) for the Report is D. Roy Eccles, M.Sc., P. Geol. This press release has been reviewed and approved by Mr. Eccles and the Company’s Vice-President Exploration Mr. Andris Kikauka, both Qualified Persons under National Instrument (N.I.) 43-101 Standards.

Figure 1. General location of MGX Minerals Ltd.’s northern Alberta lithium-brine properties
About MGX Minerals
MGX Minerals (CSE: XMG) is a diversified Canadian mining company engaged in the acquisition and development of industrial mineral deposits in western Canada that offer near-term production potential, minimal barriers to entry and low initial capital expenditures. The Company operates lithium, magnesium and silicon projects throughout British Columbia and Alberta, including the Driftwood magnesium project. MGX has recently received approval of a 20 year mining lease for Driftwood and bulk sampling is currently underway.

For more information please visit the Company’s website at www.mgxminerals.com.

Contact Information
Jared Lazerson
Chief Executive Officer
Telephone: 604.681.7735
Email: jared@mgxminerals.com

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements
This press release contains forward-looking information or forward-looking statements (collectively “forward-looking information”) within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: “believe”, “expect”, “anticipate”, “intend”, “estimate”, “postulate” and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company’s public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company’s profile on SEDAR atwww.sedar.com.

Submitted by Goldbug on Mon, 06/20/2016 – 11:00

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