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QCYE, Sep 30, 2005 (M2 PRESSWIRE via COMTEX) --
OTCBB), is pleased to announce that it has secured the services of Dr. Art Ettlinger, P. Geo., the Company`s President and Chief Operating Officer, for an additional three year term. Dr. Ettlinger has over twenty years of mineral exploration experience working on gold, platinum, diamond, uranium and petroleum projects throughout Canada, the United States, Russia and Central Asia and has been instrumental in the development of the Company`s uranium and gold assets.
Dan Farrell, Quincy`s Chairman, commented "We are pleased that Dr. Ettlinger has renewed his commitment to the Company and look forward to a profitable relationship."
To find out more about Quincy Energy Corp. visit our website at www.quincyenergy.com or contact:
Daniel Farrell, Chairman & CEO T: (416) 361-2830 E: dfarrell@quincyenergy.com
Art Ettlinger, President & COO T: (604) 685-1964 E: aettlinger@quincyenergy.com
Murray Black, Corporate Development T: (416) 361-2829 E: mblack@quincyenergy.com
THIS PRESS RELEASE WAS PREPARED BY QUINCY ENERGY CORP., WHICH ACCEPTS THE RESPONSIBILITY AS TO ITS ACCURACY. THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Information Regarding Forward-Looking Statements: Except for historical information contained herein, the statements in this Press Release are forward-looking statements that are made pursuant to the safe harbor provisions in the Private Securities Legislation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause Quincy`s actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things: volatility of natural resource prices; product demand; market competition and risks inherent in Quincy`s operations. These and other risks are described in the Company`s Annual Report or Form 10-K and other filings with the Securities and Exchange Commission.
CONTACT: Filing Services Canada Inc. Tel: +1 403 717 3898 Fax: +1 403 717 3896 WWW: http://www.usetdas.com
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.
(C)1994-2005 M2 COMMUNICATIONS LTD
© 2005 Stockgroup Media Inc. | Disclaimer
Weitere Nachrichten unter
http://cgi.wn.com/?template=worldnews%2Fsearch.txt&action=se…
OTCBB), is pleased to announce that it has secured the services of Dr. Art Ettlinger, P. Geo., the Company`s President and Chief Operating Officer, for an additional three year term. Dr. Ettlinger has over twenty years of mineral exploration experience working on gold, platinum, diamond, uranium and petroleum projects throughout Canada, the United States, Russia and Central Asia and has been instrumental in the development of the Company`s uranium and gold assets.
Dan Farrell, Quincy`s Chairman, commented "We are pleased that Dr. Ettlinger has renewed his commitment to the Company and look forward to a profitable relationship."
To find out more about Quincy Energy Corp. visit our website at www.quincyenergy.com or contact:
Daniel Farrell, Chairman & CEO T: (416) 361-2830 E: dfarrell@quincyenergy.com
Art Ettlinger, President & COO T: (604) 685-1964 E: aettlinger@quincyenergy.com
Murray Black, Corporate Development T: (416) 361-2829 E: mblack@quincyenergy.com
THIS PRESS RELEASE WAS PREPARED BY QUINCY ENERGY CORP., WHICH ACCEPTS THE RESPONSIBILITY AS TO ITS ACCURACY. THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Information Regarding Forward-Looking Statements: Except for historical information contained herein, the statements in this Press Release are forward-looking statements that are made pursuant to the safe harbor provisions in the Private Securities Legislation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause Quincy`s actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things: volatility of natural resource prices; product demand; market competition and risks inherent in Quincy`s operations. These and other risks are described in the Company`s Annual Report or Form 10-K and other filings with the Securities and Exchange Commission.
CONTACT: Filing Services Canada Inc. Tel: +1 403 717 3898 Fax: +1 403 717 3896 WWW: http://www.usetdas.com
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.
(C)1994-2005 M2 COMMUNICATIONS LTD
© 2005 Stockgroup Media Inc. | Disclaimer
Weitere Nachrichten unter
http://cgi.wn.com/?template=worldnews%2Fsearch.txt&action=se…
Uebernahmegeruechte bei Quincy......
Gut oder schlecht, das ist hier die Frage.....
TSX Venture Exchange - Trading Halt - Quincy Energy Corp. - QUI
11/14/05
VANCOUVER, Nov. 14, 2005 (Canada NewsWire via COMTEX) --
QUINCY ENERGY CORP. ("QUI") BULLETIN TYPE: Halt BULLETIN DATE: November 14, 2005 TSX Venture Tier 1 Company
Effective at the opening PST, November 14, 2005, trading in the shares of the Company was halted at the request of the Company, pending an announcement; this regulatory halt is imposed by Market Regulation Services, the Market Regulator of the Exchange pursuant to the provisions of Section 10.9(1) of the Universal Market Integrity Rules.
SOURCE: TSX Venture Exchange - Halts and Resumptions
SOURCE: Market Regulation Services
Gut oder schlecht, das ist hier die Frage.....
TSX Venture Exchange - Trading Halt - Quincy Energy Corp. - QUI
11/14/05
VANCOUVER, Nov. 14, 2005 (Canada NewsWire via COMTEX) --
QUINCY ENERGY CORP. ("QUI") BULLETIN TYPE: Halt BULLETIN DATE: November 14, 2005 TSX Venture Tier 1 Company
Effective at the opening PST, November 14, 2005, trading in the shares of the Company was halted at the request of the Company, pending an announcement; this regulatory halt is imposed by Market Regulation Services, the Market Regulator of the Exchange pursuant to the provisions of Section 10.9(1) of the Universal Market Integrity Rules.
SOURCE: TSX Venture Exchange - Halts and Resumptions
SOURCE: Market Regulation Services
[posting]18.837.794 von in995 am 16.11.05 12:12:04[/posting]Warten wirs mal ab.Der Kurs in Canada steigt auf jeden Fall erst mal wieder.Seit langem mal.
HALTED in Canada
Quincy Energy to resume after the preopen
2005-11-16 11:15 ET - Resume Trading
Quincy Energy Corp. will resume after the preopen on Nov. 16, 2005, an announcement having been made.
2005-11-16 11:15 ET - Resume Trading
Quincy Energy Corp. will resume after the preopen on Nov. 16, 2005, an announcement having been made.
Wed Nov 16, 2005
Energy Metals Corporation and Quincy Energy Corp. Agree to Business Combination
--------------------------------------------------------------------------------
NR 26
Vancouver, British Columbia, November 16, 2005: Energy Metals Corporation (TSXV: EMC) ("Energy Metals") is pleased to announce that it has entered into a letter of intent with Quincy Energy Corp. (TSXV: QUI; OTCBB: QCYE) ("Quincy") dated November 13, 2005 (the "Letter Agreement"), whereby the parties will enter into a business combination through an offer to purchase and take over bid, plan of arrangement or other business combination (the "Proposed Transaction") as will be the case with Energy Metals` proposed takeover bid of Standard Uranium Inc., announced on November 10, 2005. The Proposed Transaction will be subject to a maximum 90 day due diligence period by both parties. Pursuant to the terms of the Letter Agreement, holders of Quincy`s common shares will be issued one (1) common share of Energy Metals for every five (5) common shares of Quincy issued and outstanding as of the record date for the Proposed Transaction.
Quincy`s primary business is the acquisition and development of historically identified uranium projects in countries with favourable geology and mining environments. Quincy has also amassed an impressive portfolio of prospective gold properties in the United States. Quincy holds uranium projects in Arizona, Wyoming, New Mexico, Oregon and Ontario.
Since March of 2005, Quincy and Energy Metals have had a working relationship respecting the acquisition, exploration, development, and mining of uranium mineral deposits. William Sheriff, a director and shareholder of Quincy is also a director, officer and shareholder of Energy Metals. Mr. Sheriff has agreed with Energy Metals to pool the Energy Metals shares which he will receive upon closing of the Proposed Transaction, for a period of 18 months.
Quincy currently has 47,756,330 common shares, 4,440,000 stock options and 8,499,040 common share purchase warrants issued and outstanding. Holders of 10,798,500 shares of Quincy have agreed to tender their shares to the Proposed Transaction.
The Proposed Transaction is the next step in Energy Metals` strategy to become one of the largest U.S. domestic uranium producers and resource base holders in the public sector. Some of the initial benefits that will be realized from the business combination are:
an option to earn up to 80 % of 13 million pounds of uranium as indicated in a historic resource on the Hosta Butte property in New Mexico, as reported by Quincy Mar 21-05. Quincy has commissioned a 43-101 compliant resource estimate which is underway on this property.
an option to earn up to 80% of pounds of 25 million pounds of uranium as indicated in a historic resource on the Crownpoint property in New Mexico, as reported by Quincy May 16-05. Quincy has commissioned a 43-101 compliant resource estimate which is underway on this property.
direction and control of the Aurora uranium property in Oregon with a 43-101 compliant indicated resource estimate of 17.69 million tons at an average grade of 0.0518% eU3O8 or 18.3 million pounds of U3O8 using a 0.03% eU3O8 cutoff. Energy Metals plans to include scoping study of an open pit operation with heap leach in Nevada.
direction and control of the Horse Creek property in Wyoming, drilled by Exxon and Union Carbide in the 1970s, containing known uranium mineralization adjacent to Energy Metals` property in Natrona County. Quincy reported (NR, Nov 25-04 ) a historic resource of approximately 9 million pounds of uranium at a grade of 0.056% U3O8 with a drill-cut off of 0.04%.
direction and control of the Rose property in Arizona, a uranium breccia pipe target set to be drilled within 30 days.
An option to earn 75% on an Elliott Lake uranium deposit in Ontario. Previous owners calculated an historic resources of 17.5 million tons averaging 1.206 lbs/ton, containing approximately 20.8 million pounds of uranium. (QUI - NR Feb 14-05) statements above NI 43-101 compliant). This property will be evaluated in due course for possible joint venture or sale as Energy Metals` focus is US based.
Other uranium assets include the Hanson Creek, Colorado property and several breccia pipes in Arizona, including the 4 1/2
$6,000,000.00 CAD in Quincy treasury.
GOLD ASSETS
Quincy possesses an attractive portfolio of precious metal assets. Energy Metals intends to remain strictly focused on the acquisition and development of uranium properties within the United States. Accordingly, Energy Metals will evaluate in due course the precious metal assets and determine a strategy for the disposition or sale of these non core assets in a fashion which maximizes shareholder value. The assets primarily include the Miller`s and Lantern Property in Nevada, Rattlesnake Property in Wyoming and the Quartz Mountain Project in Oregon.
The ultimate structure of the Proposed Transaction will be subject to review of applicable tax, accounting, corporate and securities law issues. Completion of the Proposed Transaction is subject to a number of conditions, including, but not limited to, completion of due diligence, entering into of formal agreements, and receipt of all required regulatory and shareholder approvals. In addition, completion of the Proposed Transaction will be subject to termination in the event of any material adverse change in either Energy Metals` or Quincy`s operations, financial condition, prospects or permits. Should the Board of Quincy determine that a superior proposal has been made, and they recommend that proposal to Quincy`s shareholders, Quincy has agreed to pay Energy Metals a break fee equal to 4% of the transaction value. There can be no assurance that the Proposed Transaction will be completed as proposed or at all. Energy Metals has paid to Quincy USD$500,000 as a non-refundable deposit to be forfeit to Quincy if Energy Metals does not proceed with the Proposed Transaction.
Energy Metals Corporation is a Canadian listed company involved in developing resources to power the 21st century. The Company has adopted a corporate strategy to focus on the acquisition and development of uranium assets in politically favorable and mining-friendly jurisdictions within the United States to take advantage of the continuing growth in the U.S. and worldwide of demand for electrical energy. This increasing consumption is occurring at a time when uranium mine supplies are dwindling and inventories are being depleted.
The Company is targeting advanced uranium prospective properties in Wyoming that are amenable to ISL (in-situ leaching). This form of uranium mining was pioneered in Wyoming. It utilizes water wells and oxygen-fortified groundwater to mine the uranium in place. Energy Metals Corporation is also actively advancing other conventional mining and ISL opportunities for uranium properties in the States of Utah, Nevada, Oregon, Arizona and South Dakota.
For further information contact:
Paul Matysek, CEO and President of Energy Metals Corporation
Tel: (604) 684 - 9007
Email: pm@energymetalscorp.com
Energy Metals Corporation and Quincy Energy Corp. Agree to Business Combination
--------------------------------------------------------------------------------
NR 26
Vancouver, British Columbia, November 16, 2005: Energy Metals Corporation (TSXV: EMC) ("Energy Metals") is pleased to announce that it has entered into a letter of intent with Quincy Energy Corp. (TSXV: QUI; OTCBB: QCYE) ("Quincy") dated November 13, 2005 (the "Letter Agreement"), whereby the parties will enter into a business combination through an offer to purchase and take over bid, plan of arrangement or other business combination (the "Proposed Transaction") as will be the case with Energy Metals` proposed takeover bid of Standard Uranium Inc., announced on November 10, 2005. The Proposed Transaction will be subject to a maximum 90 day due diligence period by both parties. Pursuant to the terms of the Letter Agreement, holders of Quincy`s common shares will be issued one (1) common share of Energy Metals for every five (5) common shares of Quincy issued and outstanding as of the record date for the Proposed Transaction.
Quincy`s primary business is the acquisition and development of historically identified uranium projects in countries with favourable geology and mining environments. Quincy has also amassed an impressive portfolio of prospective gold properties in the United States. Quincy holds uranium projects in Arizona, Wyoming, New Mexico, Oregon and Ontario.
Since March of 2005, Quincy and Energy Metals have had a working relationship respecting the acquisition, exploration, development, and mining of uranium mineral deposits. William Sheriff, a director and shareholder of Quincy is also a director, officer and shareholder of Energy Metals. Mr. Sheriff has agreed with Energy Metals to pool the Energy Metals shares which he will receive upon closing of the Proposed Transaction, for a period of 18 months.
Quincy currently has 47,756,330 common shares, 4,440,000 stock options and 8,499,040 common share purchase warrants issued and outstanding. Holders of 10,798,500 shares of Quincy have agreed to tender their shares to the Proposed Transaction.
The Proposed Transaction is the next step in Energy Metals` strategy to become one of the largest U.S. domestic uranium producers and resource base holders in the public sector. Some of the initial benefits that will be realized from the business combination are:
an option to earn up to 80 % of 13 million pounds of uranium as indicated in a historic resource on the Hosta Butte property in New Mexico, as reported by Quincy Mar 21-05. Quincy has commissioned a 43-101 compliant resource estimate which is underway on this property.
an option to earn up to 80% of pounds of 25 million pounds of uranium as indicated in a historic resource on the Crownpoint property in New Mexico, as reported by Quincy May 16-05. Quincy has commissioned a 43-101 compliant resource estimate which is underway on this property.
direction and control of the Aurora uranium property in Oregon with a 43-101 compliant indicated resource estimate of 17.69 million tons at an average grade of 0.0518% eU3O8 or 18.3 million pounds of U3O8 using a 0.03% eU3O8 cutoff. Energy Metals plans to include scoping study of an open pit operation with heap leach in Nevada.
direction and control of the Horse Creek property in Wyoming, drilled by Exxon and Union Carbide in the 1970s, containing known uranium mineralization adjacent to Energy Metals` property in Natrona County. Quincy reported (NR, Nov 25-04 ) a historic resource of approximately 9 million pounds of uranium at a grade of 0.056% U3O8 with a drill-cut off of 0.04%.
direction and control of the Rose property in Arizona, a uranium breccia pipe target set to be drilled within 30 days.
An option to earn 75% on an Elliott Lake uranium deposit in Ontario. Previous owners calculated an historic resources of 17.5 million tons averaging 1.206 lbs/ton, containing approximately 20.8 million pounds of uranium. (QUI - NR Feb 14-05) statements above NI 43-101 compliant). This property will be evaluated in due course for possible joint venture or sale as Energy Metals` focus is US based.
Other uranium assets include the Hanson Creek, Colorado property and several breccia pipes in Arizona, including the 4 1/2
$6,000,000.00 CAD in Quincy treasury.
GOLD ASSETS
Quincy possesses an attractive portfolio of precious metal assets. Energy Metals intends to remain strictly focused on the acquisition and development of uranium properties within the United States. Accordingly, Energy Metals will evaluate in due course the precious metal assets and determine a strategy for the disposition or sale of these non core assets in a fashion which maximizes shareholder value. The assets primarily include the Miller`s and Lantern Property in Nevada, Rattlesnake Property in Wyoming and the Quartz Mountain Project in Oregon.
The ultimate structure of the Proposed Transaction will be subject to review of applicable tax, accounting, corporate and securities law issues. Completion of the Proposed Transaction is subject to a number of conditions, including, but not limited to, completion of due diligence, entering into of formal agreements, and receipt of all required regulatory and shareholder approvals. In addition, completion of the Proposed Transaction will be subject to termination in the event of any material adverse change in either Energy Metals` or Quincy`s operations, financial condition, prospects or permits. Should the Board of Quincy determine that a superior proposal has been made, and they recommend that proposal to Quincy`s shareholders, Quincy has agreed to pay Energy Metals a break fee equal to 4% of the transaction value. There can be no assurance that the Proposed Transaction will be completed as proposed or at all. Energy Metals has paid to Quincy USD$500,000 as a non-refundable deposit to be forfeit to Quincy if Energy Metals does not proceed with the Proposed Transaction.
Energy Metals Corporation is a Canadian listed company involved in developing resources to power the 21st century. The Company has adopted a corporate strategy to focus on the acquisition and development of uranium assets in politically favorable and mining-friendly jurisdictions within the United States to take advantage of the continuing growth in the U.S. and worldwide of demand for electrical energy. This increasing consumption is occurring at a time when uranium mine supplies are dwindling and inventories are being depleted.
The Company is targeting advanced uranium prospective properties in Wyoming that are amenable to ISL (in-situ leaching). This form of uranium mining was pioneered in Wyoming. It utilizes water wells and oxygen-fortified groundwater to mine the uranium in place. Energy Metals Corporation is also actively advancing other conventional mining and ISL opportunities for uranium properties in the States of Utah, Nevada, Oregon, Arizona and South Dakota.
For further information contact:
Paul Matysek, CEO and President of Energy Metals Corporation
Tel: (604) 684 - 9007
Email: pm@energymetalscorp.com
Company Name: Quincy Energy Corp.
Industry: Mineral Exploration/Development
Symbols/
Instruments: QUI -Quincy Energy Corp.
Date of
Listing: 06 Oct 2004
Fiscal Year-end: MAY 31
Trading Status: HALT
Financial Status: ACTIVE
Address: 309 Center Street
Hancock, Michigan
49930
USA
Phone: 1(416) 366-7871
Fax: 1(416) 364-5400
Web
Address: http://www.quincygold.com
Email
Address: info@quincygold.com
Senior
Executive: Art Ettlinger, President
Industry: Mineral Exploration/Development
Symbols/
Instruments: QUI -Quincy Energy Corp.
Date of
Listing: 06 Oct 2004
Fiscal Year-end: MAY 31
Trading Status: HALT
Financial Status: ACTIVE
Address: 309 Center Street
Hancock, Michigan
49930
USA
Phone: 1(416) 366-7871
Fax: 1(416) 364-5400
Web
Address: http://www.quincygold.com
Address: info@quincygold.com
Senior
Executive: Art Ettlinger, President
Handel scheint weiterzugehen.
Time Price Shares $ Chng Buyer Seller
14:26 0.600 9,000 +0.060 TD Securities CIBC
14:12 0.570 5,000 +0.030 Union CIBC
13:39 0.570 7,000 +0.030 Union E*TRADE Sec.
13:37 0.600 1,500 +0.060 TD Securities CIBC
13:37 0.600 5,500 +0.060 E*TRADE Sec. CIBC
13:37 0.600 18,500 +0.060 CIBC CIBC
12:29 0.620 1,000 +0.080 TD Securities CIBC
12:29 0.620 1,500 +0.080 RBC CIBC
12:24 0.600 1,500 +0.060 CIBC E*TRADE Sec.
12:20 0.600 5,000 +0.060 CIBC Canaccord
Wait & See
Time Price Shares $ Chng Buyer Seller
14:26 0.600 9,000 +0.060 TD Securities CIBC
14:12 0.570 5,000 +0.030 Union CIBC
13:39 0.570 7,000 +0.030 Union E*TRADE Sec.
13:37 0.600 1,500 +0.060 TD Securities CIBC
13:37 0.600 5,500 +0.060 E*TRADE Sec. CIBC
13:37 0.600 18,500 +0.060 CIBC CIBC
12:29 0.620 1,000 +0.080 TD Securities CIBC
12:29 0.620 1,500 +0.080 RBC CIBC
12:24 0.600 1,500 +0.060 CIBC E*TRADE Sec.
12:20 0.600 5,000 +0.060 CIBC Canaccord
Wait & See
[posting]18.845.180 von odin1603 am 16.11.05 21:15:52[/posting]Oder doch nicht???????????
TSX Venture Exchange - Trading Halt - Quincy Energy Corp. - QUI
17:02 EST Monday, November 14, 2005
VANCOUVER, Nov. 14 /CNW/ -
QUINCY ENERGY CORP. ("QUI")
BULLETIN TYPE: Halt
BULLETIN DATE: November 14, 2005
TSX Venture Tier 1 Company
Effective at the opening PST, November 14, 2005, trading in the shares of the Company was halted at the request of the Company, pending an announcement; this regulatory halt is imposed by Market Regulation Services, the Market Regulator of the Exchange pursuant to the provisions of Section 10.9(1) of the Universal Market Integrity Rules.
For further information: Market Information Services at 1-888-873-8392 or email: information@tsxventure.com
TSX Venture Exchange - Trading Halt - Quincy Energy Corp. - QUI
17:02 EST Monday, November 14, 2005
VANCOUVER, Nov. 14 /CNW/ -
QUINCY ENERGY CORP. ("QUI")
BULLETIN TYPE: Halt
BULLETIN DATE: November 14, 2005
TSX Venture Tier 1 Company
Effective at the opening PST, November 14, 2005, trading in the shares of the Company was halted at the request of the Company, pending an announcement; this regulatory halt is imposed by Market Regulation Services, the Market Regulator of the Exchange pursuant to the provisions of Section 10.9(1) of the Universal Market Integrity Rules.
For further information: Market Information Services at 1-888-873-8392 or email: information@tsxventure.com
SK CAN
Time Price Shares $ Chng Buyer Seller
15:59 0.600 10,000 +0.060 Odlum CIBC
14:26 0.600 9,000 +0.060 TD Securities CIBC
14:12 0.570 5,000 +0.030 Union CIBC
Time Price Shares $ Chng Buyer Seller
15:59 0.600 10,000 +0.060 Odlum CIBC
14:26 0.600 9,000 +0.060 TD Securities CIBC
14:12 0.570 5,000 +0.030 Union CIBC
Aus dem Canadischem Bullboard
wouldn`t say the objections are silly. I mention this merely as a concern from my viewpoint as Quincy directors have an an obligation in law to act in the best interests of its shareholders.
Joining EMC is a good move for the company.
I know that Quincy was considering a spin off of a gold company - at least this was a very good rumour from them.
Is it the usual whining when you see share prices go against the value in the company? Maybe, but these mergers don`t occur overnight when you have intermingling of directors and a written agreement to cooperate.
If you think that they simply put the deal together with no regard for share price that`s fine. I am not so sure.
My concerns are more questions than anything else and I can be convinced my points are not valid as I have an open mind on the
wouldn`t say the objections are silly. I mention this merely as a concern from my viewpoint as Quincy directors have an an obligation in law to act in the best interests of its shareholders.
Joining EMC is a good move for the company.
I know that Quincy was considering a spin off of a gold company - at least this was a very good rumour from them.
Is it the usual whining when you see share prices go against the value in the company? Maybe, but these mergers don`t occur overnight when you have intermingling of directors and a written agreement to cooperate.
If you think that they simply put the deal together with no regard for share price that`s fine. I am not so sure.
My concerns are more questions than anything else and I can be convinced my points are not valid as I have an open mind on the
Hallo.
Was denkt ihr wie weit es gehen kann ???
Was denkt ihr wie weit es gehen kann ???
Quincy Energy Corp.: Quincy reviews projects
Toronto, Ontario CANADA, Jan 10, 2006 (M2 PRESSWIRE via COMTEX) --
Quincy Energy Corp. (QUI - TSX Venture, QCYE - OTCBB), is pleased to provide the following review of its exploration programs in the United States and Canada. Quincy is currently active on several uranium and gold projects in support of its proposed business combination with Energy Metals Corp. (EMC-TSX Venture Exchange) as announced on November 16, 2005. The Board of Directors of Quincy reports that work is progressing satisfactorily towards this business combination and that a proposed structure for this arrangement is being finalized.
Arizona Strip Breccia Pipes
On December 5, 2005 Quincy announced that it had mobilized field crews and drilling equipment to the Rose pipe in Coconino County, Arizona. A total of 1,928 feet (587.8 m) was drilled in one hole and the drill rig has been released. As circulation was lost in the drill hole near the surface, the Project experienced high drilling mud and water haulage costs. Drill core recovery was initiated at 687 feet (209.5 m) and continued to the end of the vertical hole.
The entire drill hole was logged using natural gamma ray and resistivity tools by Century Geophysical Corp. of Tulsa, OK. Selective zones of high radiation response when compared to background on a handheld scintillometer were sent to ALS Chemex of Reno, NV for geochemical analysis. Calculation of eU3O8 values from the radiometric logs, geologic interpretation and the geochemical assays, used as a check on the radiometric logging, are proceeding.
Quincy Energy entered into an Option Agreement covering the Rose pipe and seven other mineral properties, containing known or indicated breccia pipes, with Energy Metals Corp. (TSX-V: EMC) in November 2004. In order to exercise the option, Quincy Energy must incur cumulative exploration expenditures of US$1.5 million and issue 525,000 shares by December 31, 2009. The recent drilling at Rose satisfies Quincy`s first year commitment under the agreement
Aurora Uranium Project
The Aurora uranium project, located near the Oregon-Nevada border in Malheur County, OR, is a significant undeveloped uranium resource that is the subject of a Technical Report dated Sept. 1, 2005. In the report by Dr. Gregory Myers, a Qualified Person as defined by National Instrument 43-101, an indicated resource of 18.3 million pounds of eU3O8 at a grade of 0.0518% eU3O8 is calculated. As Aurora was also the subject of more than $6 million of exploration expenditures by Placer Amex during the period 1977-1980, it is Quincy`s opinion that a new and modern metallurgical review of the deposit is warranted. In this regard, the company has commissioned a metallurgical audit of the property. It is anticipated that this work will be completed during the first quarter of 2006.
Crownpoint In Situ Leach Project
Work is continuing on two NI43-101 Technical Reports covering the Crownpoint uranium deposit in McKinley County, NM. Historic uranium resources are being recalculated by Dr. Greg Myers, a Qualified Person as defined by NI43-101. On May 16, 2005, Quincy announced that it had signed an Option Agreement with NZ Uranium LLC to earn up to an 80% interest in the Crownpoint deposit. Crownpoint is located in the Grants uranium district which produced more than 340 million pounds of uranium. The Crownpoint deposit contains a historical resource of approximately 25 million pounds of U3O8[1].
Due to differing land owners and logistical considerations, the Crownpoint deposit is being split into two separate resource estimates and Technical Reports. The first of these is nearing completion and will be released upon receipt of the final report by the Company.
Hosta Butte In Situ Leach Project
Upon completion of both Crownpoint Technical Reports, uranium resources will be recalculated for the Hosta Butte deposit, which is located approximately three miles to the south of Crownpoint. Hosta Butte contains a historical resource of approximately 13.5 million pounds of U3O8[1] as described in Quincy`s news release of March 21, 2005. Like Crownpoint, extensive exploration has been conducted at Hosta Butte, which the company hopes will be amenable to mining by in situ leaching. The new resource calculation will form the basis of a NI43-101 Technical Report on the property. Rattlesnake Hills and Lewiston Gold Projects
Quincy is pleased to announce that it has amended its Option Agreement with Bald Mountain Mining Co., dated October 14, 2004, covering the Rattlesnake Hills and Lewiston Properties in Wyoming. Under the amended agreement, all work commitment anniversary dates have been pushed back from October 14th until August 14th of the following year, thus giving Quincy an additional ten months to perform the required work. Total expenditures required to be made by Quincy on the Rattlesnake Hills and Lewiston properties by August 14, 2006, are US$150,000 and US$100,000, respectively. As consideration for this amendment, Quincy has paid Bald Mountain US$50,000.
Lantern Gold Project
Quincy is now preparing for a reverse circulation drilling program on its Lantern Project in Pershing County, NV. Field crews and drill mobilization is scheduled for the week of January 9. In late fall 2005, gradient array and dipole-dipole IP/resistivity geophysical surveys were completed by Zonge Geosciences Inc. of Reno, NV. The target of the surveys was a generally flat, alluvium covered area containing several large banded quartz vein boulders with gold mineralization, which are characteristic of the upper levels of epithermal gold systems. The surveys identified anomalous areas in the vicinity of the boulders that warrant drill testing at depth. The gradient array survey identified a significant resistivity anomaly in the survey area and subsequent dipole-dipole IP lines confirmed the resistivity feature. The surveys also identified large chargeability zones often indicative of sulfide minerals or other chargeable features such as saline fluids, carbon, or clays. The resistivity anomaly forms a shallow, gently dipping body with possible high angle features at the margins of the anomaly, possibly representing feeder structures for the silicification.
Millers Gold Project
Following completion of drilling at Lantern, field crews and drilling equipment will be moved to the Millers property in Esmeralda County, NV. The Millers property covers 58 leased unpatented mining claims and contains silicified, pyrite bearing structures and quartz-carbonate veins that have undergone limited prior exploration. In an October 2004 sampling program performed by Quincy, of 56 grab samples collected to characterize the mineralization, the assays ranged from <0.005-4.65 ppm gold and averaged 0.30 ppm from quartz-carbonate vein material exposed on the southern portion of the claims. Drilling will test for the presence of bonanza style gold mineralization at depth beneath the surface vein outcrops. Targeting of the boiling level is based on fluid inclusion studies completed by Dr. Tommy Thompson on multiple vein samples from the surface. A budget of approximately $75,000 is allocated for this project.
The company also announces that it has terminated its investor relations agreement with Michael Baybak and Associates.
[1] National Instrument 43-101 Disclosure The information and statements on the historical exploration were provided by Dr. Art D. Ettlinger, P. Geo., Quincy`s President and Chief Operating Officer and a Qualified Person as defined by National Instrument 43-101. Readers are cautioned that while the resource estimates are considered to be reliable and relevant they do not use categories as defined in National Instrument 43-101. All resource estimates quoted herein are based on prior data and reports obtained and prepared by previous operators, and the reader is cautioned that none of the calculations conform to NI43-101 requirements for reporting reserves and resources. Quincy has not done the work necessary to verify the classification of the mineral resource estimates. Quincy is not treating the mineral resource estimates as a NI43-101 defined resource verified by a Qualified Person. The historical estimates should not be relied upon.
To find out more about Quincy Energy Corp. visit our website at www.quincyenergy.com
THIS PRESS RELEASE WAS PREPARED BY QUINCY ENERGY CORP., WHICH ACCEPTS THE RESPONSIBILITY AS TO ITS ACCURACY. THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Information Regarding Forward-Looking Statements: Except for historical information contained herein, the statements in this Press Release are forward-looking statements that are made pursuant to the safe harbor provisions in the Private Securities Legislation Reform Act of 1995. Forward-looking settlements involve known and unknown risks and uncertainties, which may cause Quincy`s actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things: volatility of natural resource prices; product demand; market competition and risks inherent in Quincy`s operations. These and other risks are described in the Company`s Annual Report or Form 10-K and other filings with the Securities and Exchange Commission.
CONTACT: Daniel Farrell, Chairman & CEO Tel: +1 416 361 2830 e-mail: dfarrell@quincyenergy.com Art Ettlinger, President & COO Tel: +1 604 685 1964 e-mail: aettlinger@quincyenergy.com Murray Black, Corporate Development Tel: +1 416 361 2829 e-mail: mblack@quincyenergy.com
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.
(C)1994-2006 M2 COMMUNICATIONS LTD
Toronto, Ontario CANADA, Jan 10, 2006 (M2 PRESSWIRE via COMTEX) --
Quincy Energy Corp. (QUI - TSX Venture, QCYE - OTCBB), is pleased to provide the following review of its exploration programs in the United States and Canada. Quincy is currently active on several uranium and gold projects in support of its proposed business combination with Energy Metals Corp. (EMC-TSX Venture Exchange) as announced on November 16, 2005. The Board of Directors of Quincy reports that work is progressing satisfactorily towards this business combination and that a proposed structure for this arrangement is being finalized.
Arizona Strip Breccia Pipes
On December 5, 2005 Quincy announced that it had mobilized field crews and drilling equipment to the Rose pipe in Coconino County, Arizona. A total of 1,928 feet (587.8 m) was drilled in one hole and the drill rig has been released. As circulation was lost in the drill hole near the surface, the Project experienced high drilling mud and water haulage costs. Drill core recovery was initiated at 687 feet (209.5 m) and continued to the end of the vertical hole.
The entire drill hole was logged using natural gamma ray and resistivity tools by Century Geophysical Corp. of Tulsa, OK. Selective zones of high radiation response when compared to background on a handheld scintillometer were sent to ALS Chemex of Reno, NV for geochemical analysis. Calculation of eU3O8 values from the radiometric logs, geologic interpretation and the geochemical assays, used as a check on the radiometric logging, are proceeding.
Quincy Energy entered into an Option Agreement covering the Rose pipe and seven other mineral properties, containing known or indicated breccia pipes, with Energy Metals Corp. (TSX-V: EMC) in November 2004. In order to exercise the option, Quincy Energy must incur cumulative exploration expenditures of US$1.5 million and issue 525,000 shares by December 31, 2009. The recent drilling at Rose satisfies Quincy`s first year commitment under the agreement
Aurora Uranium Project
The Aurora uranium project, located near the Oregon-Nevada border in Malheur County, OR, is a significant undeveloped uranium resource that is the subject of a Technical Report dated Sept. 1, 2005. In the report by Dr. Gregory Myers, a Qualified Person as defined by National Instrument 43-101, an indicated resource of 18.3 million pounds of eU3O8 at a grade of 0.0518% eU3O8 is calculated. As Aurora was also the subject of more than $6 million of exploration expenditures by Placer Amex during the period 1977-1980, it is Quincy`s opinion that a new and modern metallurgical review of the deposit is warranted. In this regard, the company has commissioned a metallurgical audit of the property. It is anticipated that this work will be completed during the first quarter of 2006.
Crownpoint In Situ Leach Project
Work is continuing on two NI43-101 Technical Reports covering the Crownpoint uranium deposit in McKinley County, NM. Historic uranium resources are being recalculated by Dr. Greg Myers, a Qualified Person as defined by NI43-101. On May 16, 2005, Quincy announced that it had signed an Option Agreement with NZ Uranium LLC to earn up to an 80% interest in the Crownpoint deposit. Crownpoint is located in the Grants uranium district which produced more than 340 million pounds of uranium. The Crownpoint deposit contains a historical resource of approximately 25 million pounds of U3O8[1].
Due to differing land owners and logistical considerations, the Crownpoint deposit is being split into two separate resource estimates and Technical Reports. The first of these is nearing completion and will be released upon receipt of the final report by the Company.
Hosta Butte In Situ Leach Project
Upon completion of both Crownpoint Technical Reports, uranium resources will be recalculated for the Hosta Butte deposit, which is located approximately three miles to the south of Crownpoint. Hosta Butte contains a historical resource of approximately 13.5 million pounds of U3O8[1] as described in Quincy`s news release of March 21, 2005. Like Crownpoint, extensive exploration has been conducted at Hosta Butte, which the company hopes will be amenable to mining by in situ leaching. The new resource calculation will form the basis of a NI43-101 Technical Report on the property. Rattlesnake Hills and Lewiston Gold Projects
Quincy is pleased to announce that it has amended its Option Agreement with Bald Mountain Mining Co., dated October 14, 2004, covering the Rattlesnake Hills and Lewiston Properties in Wyoming. Under the amended agreement, all work commitment anniversary dates have been pushed back from October 14th until August 14th of the following year, thus giving Quincy an additional ten months to perform the required work. Total expenditures required to be made by Quincy on the Rattlesnake Hills and Lewiston properties by August 14, 2006, are US$150,000 and US$100,000, respectively. As consideration for this amendment, Quincy has paid Bald Mountain US$50,000.
Lantern Gold Project
Quincy is now preparing for a reverse circulation drilling program on its Lantern Project in Pershing County, NV. Field crews and drill mobilization is scheduled for the week of January 9. In late fall 2005, gradient array and dipole-dipole IP/resistivity geophysical surveys were completed by Zonge Geosciences Inc. of Reno, NV. The target of the surveys was a generally flat, alluvium covered area containing several large banded quartz vein boulders with gold mineralization, which are characteristic of the upper levels of epithermal gold systems. The surveys identified anomalous areas in the vicinity of the boulders that warrant drill testing at depth. The gradient array survey identified a significant resistivity anomaly in the survey area and subsequent dipole-dipole IP lines confirmed the resistivity feature. The surveys also identified large chargeability zones often indicative of sulfide minerals or other chargeable features such as saline fluids, carbon, or clays. The resistivity anomaly forms a shallow, gently dipping body with possible high angle features at the margins of the anomaly, possibly representing feeder structures for the silicification.
Millers Gold Project
Following completion of drilling at Lantern, field crews and drilling equipment will be moved to the Millers property in Esmeralda County, NV. The Millers property covers 58 leased unpatented mining claims and contains silicified, pyrite bearing structures and quartz-carbonate veins that have undergone limited prior exploration. In an October 2004 sampling program performed by Quincy, of 56 grab samples collected to characterize the mineralization, the assays ranged from <0.005-4.65 ppm gold and averaged 0.30 ppm from quartz-carbonate vein material exposed on the southern portion of the claims. Drilling will test for the presence of bonanza style gold mineralization at depth beneath the surface vein outcrops. Targeting of the boiling level is based on fluid inclusion studies completed by Dr. Tommy Thompson on multiple vein samples from the surface. A budget of approximately $75,000 is allocated for this project.
The company also announces that it has terminated its investor relations agreement with Michael Baybak and Associates.
[1] National Instrument 43-101 Disclosure The information and statements on the historical exploration were provided by Dr. Art D. Ettlinger, P. Geo., Quincy`s President and Chief Operating Officer and a Qualified Person as defined by National Instrument 43-101. Readers are cautioned that while the resource estimates are considered to be reliable and relevant they do not use categories as defined in National Instrument 43-101. All resource estimates quoted herein are based on prior data and reports obtained and prepared by previous operators, and the reader is cautioned that none of the calculations conform to NI43-101 requirements for reporting reserves and resources. Quincy has not done the work necessary to verify the classification of the mineral resource estimates. Quincy is not treating the mineral resource estimates as a NI43-101 defined resource verified by a Qualified Person. The historical estimates should not be relied upon.
To find out more about Quincy Energy Corp. visit our website at www.quincyenergy.com
THIS PRESS RELEASE WAS PREPARED BY QUINCY ENERGY CORP., WHICH ACCEPTS THE RESPONSIBILITY AS TO ITS ACCURACY. THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Information Regarding Forward-Looking Statements: Except for historical information contained herein, the statements in this Press Release are forward-looking statements that are made pursuant to the safe harbor provisions in the Private Securities Legislation Reform Act of 1995. Forward-looking settlements involve known and unknown risks and uncertainties, which may cause Quincy`s actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things: volatility of natural resource prices; product demand; market competition and risks inherent in Quincy`s operations. These and other risks are described in the Company`s Annual Report or Form 10-K and other filings with the Securities and Exchange Commission.
CONTACT: Daniel Farrell, Chairman & CEO Tel: +1 416 361 2830 e-mail: dfarrell@quincyenergy.com Art Ettlinger, President & COO Tel: +1 604 685 1964 e-mail: aettlinger@quincyenergy.com Murray Black, Corporate Development Tel: +1 416 361 2829 e-mail: mblack@quincyenergy.com
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.
(C)1994-2006 M2 COMMUNICATIONS LTD
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[posting]19.703.753 von odin1603 am 13.01.06 22:27:06[/posting]SK OTC
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gibt es irgendeinen Grund warum die Aktie auf einmal so hochschiesst?
Quincy Energy Completes NI 43-101 Report on Crownpoint Section 24
TORONTO, ONTARIO, Mar 3, 2006 (CCNMatthews via COMTEX) --
9.966 M LBS of Indicated eU3O8 Resource Identified
The Board of Directors of Quincy Energy Corp. (TSX VENTURE:QUI)(OTCBB:QCYE)(FRANKFURT:QIY) is pleased to announce that the company has completed a National Instrument 43-101 Technical Report covering the Section 24 portion of its Crownpoint Property, located in the Grants Uranium District of McKinley County, New Mexico. The Technical Report calculates an Indicated Resource of 9.966 million pounds of eU3O8 at a grade of 0.1048 % eU3O8 on the Section 24 Property. This new resource estimate is based on 316,750 feet of drilling in 157 holes drilled by Conoco during the 1970`s. Metallurgical testing by Conoco has also demonstrated the Crownpoint deposit is amenable to in situ leach (ISL) mining.
Quincy Energy executed an Option agreement with NZ Uranium, LLC, of Phoenix, AZ (NZU) on May 12, 2005 (see News Release dated May 16, 2005), to acquire up to 80% of NZU`s interest in the Crownpoint Property, which consists of approximately 1,100 acres in three sections covering approximately three miles strike length of sandstone-hosted uranium mineralization. The subject of the Technical Report is the majority of the SE 1/4 of Section 24, T17N R13W New Mexico Prime Meridian (approximately 140 acres) (the "Section 24 Property"), in which NZU has a 60% interest.
Quincy Energy plans to complete a separate Technical Report on the remaining 960 acres comprising the Crownpoint Property, in which NZU has a 100% interest, in the near future.
The Crownpoint Section 24 Technical Report dated March 2, 2006 is authored by Dr. Greg Myers, P. Geo. (Washington State), a member and chartered professional of the AusIMM and a Qualified Person as defined by National Instrument 43-101. The Report is available for viewing on SEDAR at: Crownpoint Section 24 Technical Report May 2, 2006.
Methodology
Measurement of the uranium concentration in drill holes was made with radiometric logging of the drill holes throughout the entire resource area. Natural gamma (counts/second, or cps), self potential (millivolts), and resistance (ohms) were recorded at 1/2 foot increments on magnetic tape and then processed by computer to graphically reproducible form. The eU3O8 % conversions from the gamma log data were then calculated using the raw natural gamma counts and the sample quality is considered to be acceptable and representative of uranium values within the range of acceptable analytical error. Conoco collected the down hole geophysical survey data on the 1/2 foot intervals regardless of rock type or alteration, eliminating any sampling bias. High-grade intervals exist and extend with fairly consistent values laterally for several hundred feet; these high-grade values have not been cut or weighted for the calculation of the average grade of a bench.
The database consists of more than 28,800, 1/2 foot original gamma probe readings, which were used by Dr. Myers to calculate the resource model. Dr. Myers calculated the grade of the mineralized zone as an average, bench by bench, and did not utilize any weighting factors in the calculations. The pounds of eU3O8 for each bench were tabulated along with the area and calculated volume for each bench. The total number of tons contained in the mineralized zones and the total number of pounds of eU3O8 was summed and the average grade of the entire mineralized zone was calculated from these results. The calculated grade of 0.1048% eU3O8 is below the statistical average of 0.132% eU3O8 for the sample population above the 0.04% cutoff because of internal waste, which cannot be separated from ore in an ISL mining scenario. The calculated grade utilized the average grade of the 10-foot bench composites and includes 1/2-foot intervals below the 0.04% cutoff grade.
2006 Crownpoint Section 24 Resource Statement using a 0.04% U3O8 grade cutoff
Contained eU3O8 Million Tons Grade, eU3O8% (Million Pounds) --------------------------------------------------------------------- Indicated Resource 4.75 0.1048 9.966
Other historic resource calculations on the Section 24 Property include 1.8 million tons grading 0.15% eU3O8 containing 6.48 million pounds eU3O8 by Conoco in 1979, based on underground mining, and 11.78 million pounds of eU3O8 by Hydro Resources Inc. in 1997.
Data Verification
The percentage of eU3O8 contained in drill holes was calculated from the down hole gamma logs at the time of drilling and geophysical surveying under the supervision of Conoco. Original data was collected on 1/2 foot intervals and converted to eU3O8%. The data available for this analysis were the original gamma logs and grade summary tables for each drill hole. The original logs and the tabulated data were compared to verify the values and there is a reasonable correlation in values. The tabulated data was scanned and entered into an ACCESS database along with collar location data. The scanned data was checked and confirmed and the current database is estimated to be essentially error free. Further verification and correction of the data was completed during sectional interpretations. While the original down hole gamma logs have been reviewed in detail, core samples from the original drilling were not available for check assaying.
Conoco conducted three disequilibrium studies to confirm the eU3O8% values calculated from the gamma logs. Their conclusions in a 1979 summary report showed a range from a slight chemical depletion (3%) to a moderate enrichment (13%) of the eU3O8%. Conoco ultimately concluded that the gamma log values tend to underestimate the actual chemical grade.
Cutoff Grades
The mineralized zone was defined as mineralization above the selected cutoff grade of 0.04% eU3O8 over a ten foot composite. The selection of a 0.04% eU3O8 cutoff grade by the author considered ISL recovery factors, maximizing the tonnage of mineralization and maintaining strong positive value at current uranium prices. As the concentration of U in the ISL solution is a function of the grade of the body being leached and leaching is more effective in zones with a higher concentration, the highest possible cutoff grade is preferred. For the Report, it was assumed that an average grade of 0.1% U3O8 would be a reasonable lower limit for the average grade of a mineralized body being subjected to ISL mining.
Volume Determination of Mineralized Zone
Orthogonal north-south and east-west cross sections were completed on 200-foot spacings in the mineralized zone utilizing known features of the geologic controls on mineralization. Cross sections with drill hole eU3O8% values and limited geologic information were generated in the Rockworks 2004 software program from the ACCESS database. The cross sections were then interpreted by hand on a section-by-section basis and digitized. The sectional data was transferred to bench plans, spaced every 10 feet, and the ore zones were interpreted and digitized in order to accurately measure the area of the mineralized body outline. The surveyed drill hole locations in the ore zones were used to adjust the mineralized body shapes. The measured area and volumes calculated from the benches were used to calculate the tons contained on each bench.
Conoco and Hydro Resources Inc. estimated density factors of 16 ft3/ton and 15.8 ft3/ton, respectively for use in their tonnage calculations. The lower density factor of 15.8 ft3/ton was used by the author in the Technical Report.
Grade Continuity
A co-variogram was calculated for the 10-foot bench centered on the 4830 level using 39 mineralized drill hole averages. The continuity of grade between drill holes is good at values of eU3O8 below the sill limit of 0.6%. The linear correlation of grade is limited to about 300 feet for this bench, indicating that generating a krigged average of grades above about 0.6% beyond 280 feet would bias the calculated average. The data population greater than 0.6% eU3O8 is minimal. The use of an inverse distance squared average will also have limitations when averaging groups of adjoining drill holes. Resource modeling for the Report calculated a simple average grade for each 10 foot bench, equally weighting each drill hole to limit biasing. Clustering of drill hole data is insignificant and does not bias the bench average.
A competitor company is currently in the permitting process to initiate ISL production in the area of the Section 24 Property. They have completed the permit applications and Environmental Impact Statements required and are waiting for final approval. In April 2005 the Navajo Nation imposed a moratorium on uranium development and mining on the Navajo Reservation and on "Indian Country". However the definition of "Indian Country" is not clear and the moratorium`s impact on Quincy Energy`s plans for further work at Crownpoint is unknown at this time. No other limitations or other negative impacts due to environmental permitting or other political issues, which will have an affect on the mineral resource, are known to exist.
Quincy Energy is now evaluating the recommendations contained in Dr. Myers` Report including the design of further work programs to further confirm the earlier drilling and metallurgical work completed by Conoco.
Quincy Energy Corp. is a US company which has acquired drill proven uranium resources in existing uranium mining camps in Canada and the United States, including the Crownpoint and Hosta Butte projects, located in McKinley County, New Mexico, the Aurora Project, located in Malheur County, Oregon, the Hansen (Tallahassee Creek) project, located in Fremont County, Colorado, the Horse Creek project located in Natrona County, Wyoming, the Arizona Pipes project located in Mohave and Coconino Counties, Arizona and the Elliot Lake project located in Buckles Township, Ontario. Quincy Energy has assembled an experienced team of industry professionals whose mandate is to advance these projects through the permitting stage and into production.
To find out more about Quincy Energy Corp. visit our website at www.quincyenergy.com.
THIS PRESS RELEASE WAS PREPARED BY QUINCY ENERGY CORP., WHICH ACCEPTS THE RESPONSIBILITY AS TO ITS ACCURACY. THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Information Regarding Forward-Looking Statements: Except for historical information contained herein, the statements in this Press Release are forward-looking statements that are made pursuant to the safe harbor provisions in the Private Securities Legislation Reform Act of 1995. Forward-looking settlements involve known and unknown risks and uncertainties, which may cause Quincy`s actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things: volatility of natural resource prices; product demand; market competition and risks inherent in Quincy`s operations. These and other risks are described in the Company`s Annual Report or Form 10-K and other filings with the Securities and Exchange Commission.
SOURCE: Quincy Energy Corp.
Quincy Energy Corp.Daniel FarrellChairman & CEO(416) 361-2830dfarrell@quincyenergy.comQuincy Energy Corp.Art EttlingerPresident & COO(604) 685-1964aettlinger@quincyenergy.comQuincy Energy Corp.Murray BlackCorporate Development(416) 361-2839mblack@quincyenergy.comwww.quincyenergy.com
Copyright (C) 2006 CCNMatthews. All rights reserved
TORONTO, ONTARIO, Mar 3, 2006 (CCNMatthews via COMTEX) --
9.966 M LBS of Indicated eU3O8 Resource Identified
The Board of Directors of Quincy Energy Corp. (TSX VENTURE:QUI)(OTCBB:QCYE)(FRANKFURT:QIY) is pleased to announce that the company has completed a National Instrument 43-101 Technical Report covering the Section 24 portion of its Crownpoint Property, located in the Grants Uranium District of McKinley County, New Mexico. The Technical Report calculates an Indicated Resource of 9.966 million pounds of eU3O8 at a grade of 0.1048 % eU3O8 on the Section 24 Property. This new resource estimate is based on 316,750 feet of drilling in 157 holes drilled by Conoco during the 1970`s. Metallurgical testing by Conoco has also demonstrated the Crownpoint deposit is amenable to in situ leach (ISL) mining.
Quincy Energy executed an Option agreement with NZ Uranium, LLC, of Phoenix, AZ (NZU) on May 12, 2005 (see News Release dated May 16, 2005), to acquire up to 80% of NZU`s interest in the Crownpoint Property, which consists of approximately 1,100 acres in three sections covering approximately three miles strike length of sandstone-hosted uranium mineralization. The subject of the Technical Report is the majority of the SE 1/4 of Section 24, T17N R13W New Mexico Prime Meridian (approximately 140 acres) (the "Section 24 Property"), in which NZU has a 60% interest.
Quincy Energy plans to complete a separate Technical Report on the remaining 960 acres comprising the Crownpoint Property, in which NZU has a 100% interest, in the near future.
The Crownpoint Section 24 Technical Report dated March 2, 2006 is authored by Dr. Greg Myers, P. Geo. (Washington State), a member and chartered professional of the AusIMM and a Qualified Person as defined by National Instrument 43-101. The Report is available for viewing on SEDAR at: Crownpoint Section 24 Technical Report May 2, 2006.
Methodology
Measurement of the uranium concentration in drill holes was made with radiometric logging of the drill holes throughout the entire resource area. Natural gamma (counts/second, or cps), self potential (millivolts), and resistance (ohms) were recorded at 1/2 foot increments on magnetic tape and then processed by computer to graphically reproducible form. The eU3O8 % conversions from the gamma log data were then calculated using the raw natural gamma counts and the sample quality is considered to be acceptable and representative of uranium values within the range of acceptable analytical error. Conoco collected the down hole geophysical survey data on the 1/2 foot intervals regardless of rock type or alteration, eliminating any sampling bias. High-grade intervals exist and extend with fairly consistent values laterally for several hundred feet; these high-grade values have not been cut or weighted for the calculation of the average grade of a bench.
The database consists of more than 28,800, 1/2 foot original gamma probe readings, which were used by Dr. Myers to calculate the resource model. Dr. Myers calculated the grade of the mineralized zone as an average, bench by bench, and did not utilize any weighting factors in the calculations. The pounds of eU3O8 for each bench were tabulated along with the area and calculated volume for each bench. The total number of tons contained in the mineralized zones and the total number of pounds of eU3O8 was summed and the average grade of the entire mineralized zone was calculated from these results. The calculated grade of 0.1048% eU3O8 is below the statistical average of 0.132% eU3O8 for the sample population above the 0.04% cutoff because of internal waste, which cannot be separated from ore in an ISL mining scenario. The calculated grade utilized the average grade of the 10-foot bench composites and includes 1/2-foot intervals below the 0.04% cutoff grade.
2006 Crownpoint Section 24 Resource Statement using a 0.04% U3O8 grade cutoff
Contained eU3O8 Million Tons Grade, eU3O8% (Million Pounds) --------------------------------------------------------------------- Indicated Resource 4.75 0.1048 9.966
Other historic resource calculations on the Section 24 Property include 1.8 million tons grading 0.15% eU3O8 containing 6.48 million pounds eU3O8 by Conoco in 1979, based on underground mining, and 11.78 million pounds of eU3O8 by Hydro Resources Inc. in 1997.
Data Verification
The percentage of eU3O8 contained in drill holes was calculated from the down hole gamma logs at the time of drilling and geophysical surveying under the supervision of Conoco. Original data was collected on 1/2 foot intervals and converted to eU3O8%. The data available for this analysis were the original gamma logs and grade summary tables for each drill hole. The original logs and the tabulated data were compared to verify the values and there is a reasonable correlation in values. The tabulated data was scanned and entered into an ACCESS database along with collar location data. The scanned data was checked and confirmed and the current database is estimated to be essentially error free. Further verification and correction of the data was completed during sectional interpretations. While the original down hole gamma logs have been reviewed in detail, core samples from the original drilling were not available for check assaying.
Conoco conducted three disequilibrium studies to confirm the eU3O8% values calculated from the gamma logs. Their conclusions in a 1979 summary report showed a range from a slight chemical depletion (3%) to a moderate enrichment (13%) of the eU3O8%. Conoco ultimately concluded that the gamma log values tend to underestimate the actual chemical grade.
Cutoff Grades
The mineralized zone was defined as mineralization above the selected cutoff grade of 0.04% eU3O8 over a ten foot composite. The selection of a 0.04% eU3O8 cutoff grade by the author considered ISL recovery factors, maximizing the tonnage of mineralization and maintaining strong positive value at current uranium prices. As the concentration of U in the ISL solution is a function of the grade of the body being leached and leaching is more effective in zones with a higher concentration, the highest possible cutoff grade is preferred. For the Report, it was assumed that an average grade of 0.1% U3O8 would be a reasonable lower limit for the average grade of a mineralized body being subjected to ISL mining.
Volume Determination of Mineralized Zone
Orthogonal north-south and east-west cross sections were completed on 200-foot spacings in the mineralized zone utilizing known features of the geologic controls on mineralization. Cross sections with drill hole eU3O8% values and limited geologic information were generated in the Rockworks 2004 software program from the ACCESS database. The cross sections were then interpreted by hand on a section-by-section basis and digitized. The sectional data was transferred to bench plans, spaced every 10 feet, and the ore zones were interpreted and digitized in order to accurately measure the area of the mineralized body outline. The surveyed drill hole locations in the ore zones were used to adjust the mineralized body shapes. The measured area and volumes calculated from the benches were used to calculate the tons contained on each bench.
Conoco and Hydro Resources Inc. estimated density factors of 16 ft3/ton and 15.8 ft3/ton, respectively for use in their tonnage calculations. The lower density factor of 15.8 ft3/ton was used by the author in the Technical Report.
Grade Continuity
A co-variogram was calculated for the 10-foot bench centered on the 4830 level using 39 mineralized drill hole averages. The continuity of grade between drill holes is good at values of eU3O8 below the sill limit of 0.6%. The linear correlation of grade is limited to about 300 feet for this bench, indicating that generating a krigged average of grades above about 0.6% beyond 280 feet would bias the calculated average. The data population greater than 0.6% eU3O8 is minimal. The use of an inverse distance squared average will also have limitations when averaging groups of adjoining drill holes. Resource modeling for the Report calculated a simple average grade for each 10 foot bench, equally weighting each drill hole to limit biasing. Clustering of drill hole data is insignificant and does not bias the bench average.
A competitor company is currently in the permitting process to initiate ISL production in the area of the Section 24 Property. They have completed the permit applications and Environmental Impact Statements required and are waiting for final approval. In April 2005 the Navajo Nation imposed a moratorium on uranium development and mining on the Navajo Reservation and on "Indian Country". However the definition of "Indian Country" is not clear and the moratorium`s impact on Quincy Energy`s plans for further work at Crownpoint is unknown at this time. No other limitations or other negative impacts due to environmental permitting or other political issues, which will have an affect on the mineral resource, are known to exist.
Quincy Energy is now evaluating the recommendations contained in Dr. Myers` Report including the design of further work programs to further confirm the earlier drilling and metallurgical work completed by Conoco.
Quincy Energy Corp. is a US company which has acquired drill proven uranium resources in existing uranium mining camps in Canada and the United States, including the Crownpoint and Hosta Butte projects, located in McKinley County, New Mexico, the Aurora Project, located in Malheur County, Oregon, the Hansen (Tallahassee Creek) project, located in Fremont County, Colorado, the Horse Creek project located in Natrona County, Wyoming, the Arizona Pipes project located in Mohave and Coconino Counties, Arizona and the Elliot Lake project located in Buckles Township, Ontario. Quincy Energy has assembled an experienced team of industry professionals whose mandate is to advance these projects through the permitting stage and into production.
To find out more about Quincy Energy Corp. visit our website at www.quincyenergy.com.
THIS PRESS RELEASE WAS PREPARED BY QUINCY ENERGY CORP., WHICH ACCEPTS THE RESPONSIBILITY AS TO ITS ACCURACY. THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Information Regarding Forward-Looking Statements: Except for historical information contained herein, the statements in this Press Release are forward-looking statements that are made pursuant to the safe harbor provisions in the Private Securities Legislation Reform Act of 1995. Forward-looking settlements involve known and unknown risks and uncertainties, which may cause Quincy`s actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things: volatility of natural resource prices; product demand; market competition and risks inherent in Quincy`s operations. These and other risks are described in the Company`s Annual Report or Form 10-K and other filings with the Securities and Exchange Commission.
SOURCE: Quincy Energy Corp.
Quincy Energy Corp.Daniel FarrellChairman & CEO(416) 361-2830dfarrell@quincyenergy.comQuincy Energy Corp.Art EttlingerPresident & COO(604) 685-1964aettlinger@quincyenergy.comQuincy Energy Corp.Murray BlackCorporate Development(416) 361-2839mblack@quincyenergy.comwww.quincyenergy.com
Copyright (C) 2006 CCNMatthews. All rights reserved
Hey Odin, kannst du bitte mal erläutern was dahinter steckt?? Vielen Dank.
Schnick
Schnick
This item is part of Stockwatch`s value added news feed and is only available to Stockwatch subscribers.
Here is a sample of this item:
Quincy Energy halted at 6:23 a.m. PT
2006-03-10 09:24 ET - Halt Trading
Here is a sample of this item:
Quincy Energy halted at 6:23 a.m. PT
2006-03-10 09:24 ET - Halt Trading
Canada weiterhin Trading Halt.
Aber warum wird an der OTC Handel angezeigt.
Momentaner Umsatz 100 Stk.
Aber warum wird an der OTC Handel angezeigt.
Momentaner Umsatz 100 Stk.
Energy Metals Corporation and Quincy Energy Corp. enter into Merger Agreement; Energy Metals Corporation completes Business Combination with Standard Uranium Inc.
VANCOUVER, British Columbia, Mar 13, 2006 (BUSINESS WIRE) --
Energy Metals Corporation (TSX VENTURE:EMC) and Quincy Energy Corp. (TSX VENTURE:QUI)(OTCBB:QCYE) are pleased to announce that they have entered into a formal agreement pursuant to which Energy Metals and Quincy will complete a business combination by way of a Plan of Merger. Energy Metals is also pleased to announce that it has completed the acquisition of Standard Uranium Inc. (TSX VENTURE:URN).
The Quincy Transaction
On March 9, 2006 Energy Metals and Quincy executed an Agreement and Plan of Merger whereby Quincy will become a wholly-owned subsidiary of Energy Metals, with shareholders of Quincy receiving 0.20 shares of Energy Metals for each Quincy share. In addition, Energy Metals will assume all of Quincy`s outstanding warrants and options, subject to appropriate adjustments to the number of shares issuable on exercise and the exercise price. In connection with the merger Quincy will obtain the agreement of certain shareholders, holding in the aggregate not less than 30% of the outstanding Quincy shares, to vote in favour of the acquisition.
Dan Farrell, Quincy`s Chairman & CEO said: "We look forward to the completion of the merger, which will position our combined companies as a major player in the marketplace."
Quincy`s primary business is the acquisition and development of historically identified uranium projects in countries with favorable geology and mining environments and Quincy has had a working relationship with EMC since March of 2005. Quincy holds uranium projects in Arizona, Wyoming, New Mexico, Oregon and Ontario. Quincy has also amassed an impressive portfolio of prospective gold properties in the continental United States.
William Sheriff, a director and shareholder of EMC is also a director, officer and shareholder of Quincy. Mr. Sheriff has agreed to pool the Energy Metals shares which he will receive upon closing of the Proposed Transaction for a period of 18 months.
"The business combination with Quincy is the next step in Energy Metals` strategy to become one of the largest U.S. domestic uranium producers and resource base holders in the public sector" stated Paul Matysek, President of Energy Metals.
Completion of the business combination is subject to, among other things, the approval of shareholders of each of Energy Metals and Quincy, and required regulatory approvals in the U.S. and Canada. Shareholder meetings for each of Energy Metals and Quincy to approve the transaction are currently expected to be held in April of 2006.
The Standard Transaction
Effective March 10, 2006, Energy Metals has completed the acquisition of all of the issued and outstanding shares of Standard by way of plan of arrangement under the laws of British Columbia. In order to complete the transaction, Standard was required to obtain shareholder approval and court approval, which were both obtained on March 10, 2006. Pursuant to the plan of arrangement, Energy Metals has acquired all of the issued and outstanding common shares of Standard, on the basis of 0.64 common shares of Energy Metals for each common share of Standard. In addition Energy Metals will exchange all of the outstanding employee stock options of Standard for employee stock options of Energy Metals, with appropriate adjustments to the number of shares issuable on exercise and the exercise price.
The shares of Standard will be de-listed from the TSX Venture Exchange. The new board of directors of Standard consists of Paul Matysek, William M. Sheriff and James G. G. Watt. In connection with the acquisition of Standard, Mr. David Cole was appointed to the board of directors of Energy Metals. Mr. Cole was previously a director of Standard and brings over 20 years of experience in mineral exploration and business development.
Shareholders of Standard may exchange their Standard share certificates for share certificates of Energy Metals by submitting them to Pacific Corporate Trust Company along with a completed Letter of Transmittal in the form being provided to the holders of Standard share certificates.
The acquisition of Standard, including Standard`s 99% interest in the joint venture with Everest Exploration Inc., allows Energy Metals to proceed towards establishing a uranium processing facility in south Texas as part of its objective of becoming an in-situ leach ("ISL") uranium producer. The Everest joint venture will provide Energy Metals with access to the facilities and expertise necessary to permit Energy Metals to move from a resource development company to a uranium producer. Through Standard`s 99% ownership in the joint venture, Energy Metals plans to use the Hobson plant, an existing recovery facility located near Hobson, Texas, to produce uranium oxide product from ISL solution recovered from the Palangana property located in Duval county, Texas. The joint venture company owns the Hobson plant, as well as Palangana mining leases and an extensive Texas uranium exploration database. Strategically, this transaction puts Energy Metals in a strong position for growth in the ISL mining sector at a time of increasing energy demands and uranium prices.
Standard shareholders who voted at the meeting approved the transaction by a majority of 99.72% on the resolution. There were 12,245,612 shares represented at the meeting.
Paul Matysek, President and CEO of Energy Metals stated "The transaction with Standard was strongly supported by the Standard shareholders and we are pleased to welcome those new shareholders to Energy Metals Corporation. Management of Energy Metals is committed to building a top tier uranium company, and continuing strong support from our shareholders confirms that our timing and growth strategy have positioned us to take full advantage of increasing demand for processed uranium."
Energy Metals Corp.
Energy Metals (www.energymetalscorp.com) is involved in developing resources to power the 21st century. The Company has adopted a corporate strategy to focus on the acquisition and development of uranium assets in politically favorable and mining-friendly jurisdictions within the United States to take advantage of the continuing growth in the U.S. and worldwide of demand for electrical energy. This increasing consumption is occurring at a time when uranium mine supplies are dwindling and inventories are being depleted.
he Company is targeting advanced uranium properties in Wyoming, Texas and New Mexico that are amenable to ISL (in-situ leaching). This form of uranium mining was pioneered in Texas and Wyoming. It utilizes water wells and oxygen-fortified groundwater to mine the uranium in place. Energy Metals is also actively advancing other conventional mining and ISL opportunities for uranium properties in the States of Utah, Nevada, Oregon and Arizona.
ENERGY METALS CORPORATION QUINCY ENERGY CORP. "Paul Matysek" "Dan Farrell" Paul Matysek, M.Sc., P.Geo. Dan Farrell President & CEO Chairman & CEO
The securities referred to in this press release have not been registered under the United Sates Securities Act of 1933, as amended, and may not be offered or sold in the United States unless registered under the Securities Act or unless an exemption from registration is available.
Information Regarding Forward-Looking Statements: Except for historical information contained herein, the statements in this Press Release are forward-looking statements that are made pursuant to the safe harbor provisions in the Private Securities Legislation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause Quincy`s actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things: volatility of natural resource prices; product demand; market competition and risks inherent in the Companies` operations. These and other risks are described in the Companies` public filings with Canadian Securities Regulators available at www.sedar.com and with the Securities and Exchange Commission available at www.sec.gov.
The TSX Venture Exchange has not reviewed and does not accept resp onsibility for the adequacy or accuracy of this news release.
Quincy Energy Corp. (OTC Bulletin Board:QCYE) (TSX VENTURE:QUI)
SOURCE: Quincy Energy Corp.
Quincy Energy Corp. Dan Farrell Chairman & CEO (416) 361-2830 OR Energy Metals Corporation Ran Davidson (604) 684-9007
Copyright Business Wire 2006
VANCOUVER, British Columbia, Mar 13, 2006 (BUSINESS WIRE) --
Energy Metals Corporation (TSX VENTURE:EMC) and Quincy Energy Corp. (TSX VENTURE:QUI)(OTCBB:QCYE) are pleased to announce that they have entered into a formal agreement pursuant to which Energy Metals and Quincy will complete a business combination by way of a Plan of Merger. Energy Metals is also pleased to announce that it has completed the acquisition of Standard Uranium Inc. (TSX VENTURE:URN).
The Quincy Transaction
On March 9, 2006 Energy Metals and Quincy executed an Agreement and Plan of Merger whereby Quincy will become a wholly-owned subsidiary of Energy Metals, with shareholders of Quincy receiving 0.20 shares of Energy Metals for each Quincy share. In addition, Energy Metals will assume all of Quincy`s outstanding warrants and options, subject to appropriate adjustments to the number of shares issuable on exercise and the exercise price. In connection with the merger Quincy will obtain the agreement of certain shareholders, holding in the aggregate not less than 30% of the outstanding Quincy shares, to vote in favour of the acquisition.
Dan Farrell, Quincy`s Chairman & CEO said: "We look forward to the completion of the merger, which will position our combined companies as a major player in the marketplace."
Quincy`s primary business is the acquisition and development of historically identified uranium projects in countries with favorable geology and mining environments and Quincy has had a working relationship with EMC since March of 2005. Quincy holds uranium projects in Arizona, Wyoming, New Mexico, Oregon and Ontario. Quincy has also amassed an impressive portfolio of prospective gold properties in the continental United States.
William Sheriff, a director and shareholder of EMC is also a director, officer and shareholder of Quincy. Mr. Sheriff has agreed to pool the Energy Metals shares which he will receive upon closing of the Proposed Transaction for a period of 18 months.
"The business combination with Quincy is the next step in Energy Metals` strategy to become one of the largest U.S. domestic uranium producers and resource base holders in the public sector" stated Paul Matysek, President of Energy Metals.
Completion of the business combination is subject to, among other things, the approval of shareholders of each of Energy Metals and Quincy, and required regulatory approvals in the U.S. and Canada. Shareholder meetings for each of Energy Metals and Quincy to approve the transaction are currently expected to be held in April of 2006.
The Standard Transaction
Effective March 10, 2006, Energy Metals has completed the acquisition of all of the issued and outstanding shares of Standard by way of plan of arrangement under the laws of British Columbia. In order to complete the transaction, Standard was required to obtain shareholder approval and court approval, which were both obtained on March 10, 2006. Pursuant to the plan of arrangement, Energy Metals has acquired all of the issued and outstanding common shares of Standard, on the basis of 0.64 common shares of Energy Metals for each common share of Standard. In addition Energy Metals will exchange all of the outstanding employee stock options of Standard for employee stock options of Energy Metals, with appropriate adjustments to the number of shares issuable on exercise and the exercise price.
The shares of Standard will be de-listed from the TSX Venture Exchange. The new board of directors of Standard consists of Paul Matysek, William M. Sheriff and James G. G. Watt. In connection with the acquisition of Standard, Mr. David Cole was appointed to the board of directors of Energy Metals. Mr. Cole was previously a director of Standard and brings over 20 years of experience in mineral exploration and business development.
Shareholders of Standard may exchange their Standard share certificates for share certificates of Energy Metals by submitting them to Pacific Corporate Trust Company along with a completed Letter of Transmittal in the form being provided to the holders of Standard share certificates.
The acquisition of Standard, including Standard`s 99% interest in the joint venture with Everest Exploration Inc., allows Energy Metals to proceed towards establishing a uranium processing facility in south Texas as part of its objective of becoming an in-situ leach ("ISL") uranium producer. The Everest joint venture will provide Energy Metals with access to the facilities and expertise necessary to permit Energy Metals to move from a resource development company to a uranium producer. Through Standard`s 99% ownership in the joint venture, Energy Metals plans to use the Hobson plant, an existing recovery facility located near Hobson, Texas, to produce uranium oxide product from ISL solution recovered from the Palangana property located in Duval county, Texas. The joint venture company owns the Hobson plant, as well as Palangana mining leases and an extensive Texas uranium exploration database. Strategically, this transaction puts Energy Metals in a strong position for growth in the ISL mining sector at a time of increasing energy demands and uranium prices.
Standard shareholders who voted at the meeting approved the transaction by a majority of 99.72% on the resolution. There were 12,245,612 shares represented at the meeting.
Paul Matysek, President and CEO of Energy Metals stated "The transaction with Standard was strongly supported by the Standard shareholders and we are pleased to welcome those new shareholders to Energy Metals Corporation. Management of Energy Metals is committed to building a top tier uranium company, and continuing strong support from our shareholders confirms that our timing and growth strategy have positioned us to take full advantage of increasing demand for processed uranium."
Energy Metals Corp.
Energy Metals (www.energymetalscorp.com) is involved in developing resources to power the 21st century. The Company has adopted a corporate strategy to focus on the acquisition and development of uranium assets in politically favorable and mining-friendly jurisdictions within the United States to take advantage of the continuing growth in the U.S. and worldwide of demand for electrical energy. This increasing consumption is occurring at a time when uranium mine supplies are dwindling and inventories are being depleted.
he Company is targeting advanced uranium properties in Wyoming, Texas and New Mexico that are amenable to ISL (in-situ leaching). This form of uranium mining was pioneered in Texas and Wyoming. It utilizes water wells and oxygen-fortified groundwater to mine the uranium in place. Energy Metals is also actively advancing other conventional mining and ISL opportunities for uranium properties in the States of Utah, Nevada, Oregon and Arizona.
ENERGY METALS CORPORATION QUINCY ENERGY CORP. "Paul Matysek" "Dan Farrell" Paul Matysek, M.Sc., P.Geo. Dan Farrell President & CEO Chairman & CEO
The securities referred to in this press release have not been registered under the United Sates Securities Act of 1933, as amended, and may not be offered or sold in the United States unless registered under the Securities Act or unless an exemption from registration is available.
Information Regarding Forward-Looking Statements: Except for historical information contained herein, the statements in this Press Release are forward-looking statements that are made pursuant to the safe harbor provisions in the Private Securities Legislation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause Quincy`s actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things: volatility of natural resource prices; product demand; market competition and risks inherent in the Companies` operations. These and other risks are described in the Companies` public filings with Canadian Securities Regulators available at www.sedar.com and with the Securities and Exchange Commission available at www.sec.gov.
The TSX Venture Exchange has not reviewed and does not accept resp onsibility for the adequacy or accuracy of this news release.
Quincy Energy Corp. (OTC Bulletin Board:QCYE) (TSX VENTURE:QUI)
SOURCE: Quincy Energy Corp.
Quincy Energy Corp. Dan Farrell Chairman & CEO (416) 361-2830 OR Energy Metals Corporation Ran Davidson (604) 684-9007
Copyright Business Wire 2006
Quincy rockt!!!!!
SK OTCBB 0,99 USD
SK TSX 1,10 CAD
Und hier noch der Chart von der OTCBB.
SK TSX 1,10 CAD
Und hier noch der Chart von der OTCBB.
SK Canada
QUI 1.210 +0.070 +6.14% Vol.118,581
QUI 1.210 +0.070 +6.14% Vol.118,581
SK OTCBB
QCYE $1.012 +0.012 +1.2% Vol.127,159
QCYE $1.012 +0.012 +1.2% Vol.127,159
EK 0,37 USD...........gestriger SK OTC 1,38 USD
+275%
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