Resinco CP (RIN.TO) - Neustart mit langfristiger Erfolgsaussicht (Seite 109)

[Hanfy]

Antwort auf Beitrag Nr.: 42.304.191 von Hanfy am 04.11.11 17:20:45

Zitat von Hanfy: Salmon to sell future Fe production to General Steel

2011-11-04 09:39 ET - News Release

[...]

Financing commitment

Under the terms of the MOU, Salmon River proposes to:

* Issue, by way of private placement, a minimum of 60 million common shares at a price of 50 cents per share, for gross proceeds of a minimum of $30-million;
* Issue up to $80-million of convertible debentures on terms to be agreed by the parties.

Under the terms of the MOU, GS Group has agreed to:

* Purchase a minimum of 60 million common shares offered by Salmon River as part of the private placement;
* Purchase a minimum of $30-million of the convertible debentures offered by Salmon River;
* Assist Salmon River in completing the placement of any common shares and/or convertible debentures not placed with the GS Group.

[...]

Assuming completion of these arrangements, Salmon River will have raised gross proceeds of $110-million for exercise of the Treppo Grande option and for working capital and financing development of the Treppo Grande project and will have also secured financing for all of its future capital expenditure requirements in connection with the Treppo Grande property. Upon completion of these arrangements, it is possible that General Steel or members of the GS Group could become control persons as that term is defined by policies of the TSX Venture Exchange and have an entitlement or interest in more than 50 per cent of the company's outstanding common shares, on a fully diluted basis.

http://www.stockwatch.com/News/Item.aspx?bid=Z-C:SAL-1896124…

Salmon River Resources to resume at 12:30 p.m. PT

2011-11-04 15:11 ET - Resume Trading

http://www.stockwatch.com/News/Item.aspx?bid=Z-C:SAL-1896220…

SAL.V


http://stockcharts.com/freecharts/gallery.html?SAL.V


Salmon River drills 15 m of 35% Fe at Mt. Manning North
2011-10-11 03:33 ET - News Release

http://www.stockwatch.com/News/Item.aspx?bid=Z-C:SAL-1888726…


Market Cap (Mil)
13.83 m

Shares Out (mil)
39,503,465

http://www.salmonriverresources.com

RIN hält 3,3 mio shares


---
allen ein schönes wochenende..

[Hanfy]

Antwort auf Beitrag Nr.: 42.300.008 von Hanfy am 03.11.11 23:33:05

Salmon to sell future Fe production to General Steel

2011-11-04 09:39 ET - News Release

Mr. Jim Stewart reports

SALMON RIVER SIGNS MEMORANDUM OF UNDERSTANDING WITH CHINESE STEEL PRODUCER PROVIDING FINANCING AND OFF-TAKE PRIVATE PLACEMENT FOR UP TO C$1.5 MILLION ANNOUNCED

Salmon River Resources Ltd. has signed a non-binding memorandum of understanding with General Steel Holdings Inc., a company listed on the New York Stock Exchange, for itself and on behalf of certain subsidiaries and affiliates regarding rights to purchase part of any future iron ore production from properties currently under option to and/or to be acquired by Salmon River and to provide assistance to Salmon River in raising up to $110-million in private placement financings as well as committing to finance future capital expenditures and other development costs. The MOU is intended to lay the groundwork for Salmon River to finance the exercise of its exclusive option to acquire 100 per cent of Treppo Grande Iron Pty. Ltd. and to finance future development costs of the Treppo Grande iron ore project. Under the MOU terms, the GS Group has also committed to finance future capital requirements as well as provide project management and co-ordination services to the company in return for compensation equal to up to a 51-per-cent profit interest in the Treppo Grande project, on terms to be mutually agreed in the final definitive agreements.

Salmon River has previously reported on its exploration program on the Treppo Grande properties, comprising 100-per-cent ownership of five tenements in the highly prospective Yilgarn craton in southwestern Australia. For further information, readers should review Salmon River's SEDAR filings, including the Form 43-101 technical report prepared by A.J. Maynard and N.R. Archer and filed on SEDAR on Nov. 9, 2010.

Off-take

In return for providing financing and management assistance outlined herein, the GS Group will be granted a right to acquire (i) up to two million tonnes per annum of hematite ore production from the properties acquired by Salmon River under the Treppo Grande option or other properties acquired by Salmon River in the future, at 95 per cent of prevailing market prices once production has commenced; plus (ii) marketing rights to 40 per cent of the hematite ore production above two million tonnes per annum generated from such properties. It should be noted that the Treppo Grande project is not currently in production nor has a mineral resource been estimated for the project. There is no assurance that a commercially viable mineral resource will be found or that the Treppo Grande project will attain commercial production.

Financing commitment

Under the terms of the MOU, Salmon River proposes to:

* Issue, by way of private placement, a minimum of 60 million common shares at a price of 50 cents per share, for gross proceeds of a minimum of $30-million;
* Issue up to $80-million of convertible debentures on terms to be agreed by the parties.

Under the terms of the MOU, GS Group has agreed to:

* Purchase a minimum of 60 million common shares offered by Salmon River as part of the private placement;
* Purchase a minimum of $30-million of the convertible debentures offered by Salmon River;
* Assist Salmon River in completing the placement of any common shares and/or convertible debentures not placed with the GS Group.

[...]

http://www.stockwatch.com/News/Item.aspx?bid=Z-C:SAL-1896124…

[Hanfy]

Salmon River Resources halted at 6:18 a.m. PT

2011-11-03 09:19 ET - Halt Trading

http://www.stockwatch.com/News/Item.aspx?bid=Z-C:SAL-1895595…


Finavera gets Irish regulator's OK for Cloosh Valley

2011-11-03 13:41 ET - News Release

Mr. Jason Bak reports

FINAVERA WIND ENERGY AND CLOOSH VALLEY WIND PROJECT PARTNERS RECEIVE FULL PLANNING PERMISSION FOR 105 MEGAWATT CLOOSH VALLEY WIND PROJECT

Finavera Wind Energy Inc.'s 105-megawatt Cloosh Valley wind project has been granted full planning permission from An Bord Pleanala, the Irish regulatory agency responsible for development and approving strategic infrastructure. Planning permission is the final regulatory hurdle for the Cloosh Valley wind project and, combined with the recent grid connection agreement signed with Eirgrid on Oct. 5, 2011, provides a clear route to financial close, construction and operation of Ireland's largest onshore wind project. At financial close, the company will receive a further payment of 7.14 million euros due under the terms of the Cloosh Valley sale to SSE PLC announced last August and explained in greater detail below.

Finavera Wind Energy's chief executive officer, Jason Bak, said: "The receipt of planning permission for the Cloosh Valley wind project is an important milestone that brings the project closer to financial close, which triggers a substantial payment to Finavera as part of our partnership with SSE. The Cloosh Valley wind project was the first project in our portfolio and illustrates our ability to originate and develop high-value assets, partner with experienced developers and extract significant value for shareholders. This value generation is being replicated in British Columbia with our 300 megawatts of contracted projects and will be applied to our development pipeline of future projects."

On Oct. 5, 2011, the company announced that a grid connection agreement has been signed with Eirgrid for the Cloosh Valley wind project in Galway county, Ireland. Once operational, Cloosh Valley will be the largest onshore wind project in Ireland and will generate enough energy to provide electricity to more than 68,000 homes. The project will sell electricity under Ireland's renewable energy feed-in tariff program.

In August, 2010, Finavera Wind Energy signed an agreement with SSE Renewables (Ireland) Limited, the Republic of Ireland renewables development division of SSE, the U.K. energy company which previously acquired Irish wind energy company Airtricity, to sell a majority interest in its wholly owned Gate 3 grid connection from Eirgrid to SSE for 8.4 million euros. The 8.4-million-euro consideration is payable in staged payments. Finavera also signed a co-development agreement with SSE and Coillte, the state-owned commercial forestry and renewable energy company, to jointly develop the Cloosh Valley project. Coillte is the landowner at the project site and has been a development partner on the project with Finavera since 2009. Finavera owns a 10-per-cent equity interest in the project, and is participating in all project development functions and activities.

We seek Safe Harbor.

http://www.stockwatch.com/News/Item.aspx?bid=Z-C:FVR-1895751…


Prophecy Platinum names adviser, interim CFO, director

2011-11-03 09:40 ET - News Release

Mr. John Lee reports

PROPHECY APPOINTS MR. GARY JOHNSON AS METALLURGICAL ADVISOR

Prophecy Platinum Corp. has made the following senior appointments.

Gary Johnson, metallurgical adviser

Mr. Johnson is a metallurgist with over 30 years of experience in all aspects of the mining industry. In his early career, he gained broad operational and project experience in a range of metals at operations in Africa and Australia, including as a member of the team operating the metallurgical pilot plant at the giant Roxby Downs (also known as Olympic Dam) copper, gold and uranium project in South Australia.

Mr. Johnson spent 10 years as chief metallurgist for a large gold producer before forming his own specialized hydrometallurgical consulting company in 1998. During this period, he worked closely with LionOre Mining International to develop the Activox process for treating sulphide concentrates. He also was closely involved with Tati Nickel Mining Co. (Pty.) Ltd., in Botswana, which grew to become the largest nickel mine in Africa.

In 2006, LionOre acquired Mr. Johnson's company and he joined LionOre as a senior executive. In 2007, LionOre was successfully taken over by MMC Norilsk Nickel. Mr. Johnson became a managing director of Norilsk's Australian operations in 2009.

Mr. Johnson currently runs his own consulting company specializing in high-level metallurgical and strategic advice.

Irina Plavutska, interim chief financial officer

Ms. Plavutska has been with the Prophecy group of companies since 2010 and is currently interim chief financial officer of Prophecy Coal Corp. She is a professional accountant with over 20 years of diverse international experience in financial reporting, auditing and accounting. She is a member of the Certified General Accountants Association of British Columbia. Ms. Plavutska replaces David McAdam. The company thanks Mr. McAdam for his service.

Joseph Li, board director

Mr. Li is a certified general accountant (British Columbia) and has a BCom (honours) from Laurentian University. For 13 years, he was a senior auditor with the B.C. Ministry of Finance, a position which allowed him to gain valuable insight into how diverse businesses and organizations of all sizes are operated. Mr. Li has been with the Prophecy group of companies since January, 2011, and oversaw the successful spinoff of Prophecy Platinum Corp. In addition to holding the positions of general manager and corporate secretary with Prophecy Platinum, Mr. Li is director, general manager and corporate secretary of Prophecy Coal, which owns approximately 50 per cent of Prophecy Platinum.

Financing update

Further to its news release dated Nov. 1, 2011, due to substantial demand, the company has increased the size of the non-brokered private placement of common shares to 3.5 million shares at a price of $2.70 per share for gross proceeds of $9.45-million.

Closing of the placement is anticipated to occur on or about Nov. 11, 2011.

We seek Safe Harbor.

http://www.stockwatch.com/News/Item.aspx?bid=Z-C:NKL-1895622…

[Hanfy]

Prophecy Platinum arranges $8.1-million financing

2011-11-01 09:18 ET - News Release

Mr. John Lee reports

PROPHECY PLATINUM ARRANGES $8.1 MILLION PRIVATE PLACEMENT

Prophecy Platinum Corp. has arranged a non-brokered private placement of three million shares at a price of $2.70 per share to raise total gross proceeds of $8.1-million.

Company insider Sprott Asset Management LP, on behalf of various funds and managed accounts, have committed up to 25 per cent of this financing. Additional insiders of the company are expected to subscribe at $2.72 per share pursuant to the policies of the TSX Venture Exchange.

Finders' fees may be payable in connection with the financing in accordance with the policies of the TSX-V.

Closing of the placement is anticipated to occur on or before Nov. 11, 2011.

Proceeds of the placement will be applied to the company's flagship platinum-group-metals-nickel-copper Wellgreen project in Yukon and its other properties, in addition to general working capital.

We seek Safe Harbor.

http://www.stockwatch.com/News/Item.aspx?bid=Z-C:NKL-1894703…


WOF

[Hanfy]

Lions Gate Metals arranges 600,000-share buyback

2011-10-26 18:14 ET - News Release

Mr. Blair McIntyre reports

LIONS GATE METALS ANNOUNCES NORMAL COURSE ISSUER BID

The TSX Venture Exchange has approved Lions Gate Metals Inc. making a normal course issuer bid for up to 600,000 common shares in the capital of the company, representing approximately 2.54 per cent of the company's issued and outstanding shares as of today. The actual number of shares purchased, if any, and the timing of such purchases will be determined by Lions Gate after consideration of market conditions, the company's cash position and other factors which the company considers necessary.

The bid will commence on Nov. 1, 2011, and continue until the earlier of Nov. 1, 2012, and the date by which Lions Gate has either acquired 600,000 shares or has paid $150,000 in total consideration for the purchase of shares under the bid. Purchases will be made through the facilities of the TSX Venture Exchange in accordance with TSX-V requirements. The price at which the company will purchase its shares will be the market price of the shares at the time of acquisition. All shares purchased by Lions Gate under the bid will be returned to treasury for cancellation.

The company has appointed Mackie Research Capital Corp., located at Suite 564, 1055 Dunsmuir St., Vancouver, B.C., V7X 1L4, as its broker to conduct the normal course issuer bid transactions.

The board of directors of Lions Gate believes that the underlying value of Lions Gate, particularly based on the net value per share of assets currently held by Lions Gate, is not reflected in the current market price of its shares and may not be so reflected at certain times throughout the course of the bid. Accordingly, the board has concluded that at this time the repurchase of shares pursuant to the bid constitutes an appropriate use of the company's financial resources and would be in the best interest of the company's shareholders.

We seek Safe Harbor.

http://www.stockwatch.com/News/Item.aspx?bid=Z-C:LGM-1892758…


NKL


http://stockcharts.com/freecharts/gallery.html?NKL.V

[Hanfy]

Shoal Point closes purchase of Green Point from CIVC

2011-10-26 11:46 ET - News Release

Mr. Brian Murray reports

SHOAL POINT COMPLETES PURCHASE OF ADDITIONAL INTERESTS IN WEST NEWFOUNDLAND OIL-IN-SHALE PROJECT

Shoal Point Energy Ltd. has closed its purchase from Canadian Imperial Venture Corp. of CIVC's interest in the Green Point oil-in-shale as previously announced on Sept. 25, 2011.

Shoal Point has increased its interest in exploration licence 1070 (EL 1070) from 80.75 per cent to 100 per cent, and it is also now earning up to an 80-per-cent-working interest in the 67,298-acre block in exploration licence 1120 (EL 1120) pursuant to the farm-in agreement with Ptarmigan Energy Ltd. which was announced in a press release dated April 13, 2011. Prior to this purchase, Shoal Point was only earning up to a 48-per-cent interest in EL 1120. In addition, Shoal Point has acquired CIVC's interest in the area of mutual agreement which governed numerous exploration lands in western Newfoundland.

The consideration paid to CIVC includes 20 million units where each unit comprises one common share and one-half common share purchase warrant, where a full warrant entitles the holder to acquire an additional common share at a price of 40 cents for a two-year period. In addition, Shoal Point paid $300,000 on closing and agreed to pay an additional $200,000 six months after the closing. Shoal Point has also issued an additional one million common shares which have been placed in escrow and if the final payment of $200,000 is not made on the due date (April 25, 2012), these shares will be released to CIVC. If the final payment is made on the due date, the escrowed shares will then be released to Shoal Point for cancellation. Additional consideration for the purchase of these additional interests included the cancellation of CIVC's outstanding share of exploration costs related to well 3K-39 which amounts to approximately $2.6-million.

George Langdon, president of Shoal Point, states: "Shoal Point is pleased to be able to increase our ownership in this play. Our ability to finance the exploration and development of this project is improved because of our ability to control the entire project and our flexibility in negotiating future joint venture opportunities is increased."

Well 3K-39 update

The planning and approval for the well completion and testing program is proceeding although somewhat slower than originally expected. The company currently expects to have approvals in hand and commence the testing phase by the middle of November.

Other

Shoal Point announces that Norman Davidson Kelly has agreed to assume the position of chairman of the board of directors. This appointment reflects Mr. Kelly's increased commitment to the future success of Shoal Point as it develops its oil-in-shale project in west Newfoundland.

Mr. Kelly has spent nearly 40 years in the international upstream oil and gas business. He was formerly corporate development director of LASMO public limited company, an independent oil company, and also served on the board of LASMO Canada, its Canadian subsidiary. He was subsequently a member of the executive committee of BHP Petroleum, and he is now an independent petroleum consultant.

Shoal Point has also granted additional incentive stock options pursuant to its stock option plan. A total of 500,000 additional options have been granted to consultants to the company at a price of 30 cents for a three-year period.

Shoal Point also has a 6-to-14-per-cent interest in a gas prospect in the province of New Brunswick.

We seek Safe Harbor.

http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aSHP-18925…

[Hanfy]

Mesa Exploration Acquires Seismic Data for Utah Projects

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 26, 2011) - Mesa Exploration Corp. (TSX VENTURE:MSA)(PINK SHEETS:MSAJF) ("Mesa") is pleased to announce that the company has acquired 23 line-miles (37 line-km) of historic 2-D seismic data covering the Green Energy and White Cloud projects in southeast Utah. The amount of data is significant and will be used in the interpretation of geologic structures, rock units and verifying a recently completed 3D model. The seismic lines cross the center of the projects and are close to several wells currently being drilled by a private oil/gas company. Mesa is discussing terms to acquire this logging data for the brine bed at the Green Energy project and the multiple potash beds at the White Cloud project.

The seismic data are related to historic oil and gas exploration in the Paradox Basin by Chevron, Sohio and Amoco Oil and were acquired from their archives by Seismic Exchange, Inc. The selection of seismic lines was based on project area coverage and data quality.

About Mesa Exploration

Mesa is developing and exploring a portfolio of mineral properties in the United States where it controls significant land holdings. All projects are within proven mining districts with excellent access and infrastructure. Mesa currently has 14 million shares issued and outstanding, and no debt. For further information please visit our website at www.MesaExploration.com.

ON BEHALF OF THE BOARD

MESA EXPLORATION CORP.

Foster Wilson, President and CEO

http://www.marketwire.com/press-release/mesa-exploration-acq…

[Hanfy]

[Hanfy]

Resinco's September NAV per share at nine cents

2011-10-24 09:09 ET - News Release

Mr. John Icke reports

RESINCO(TM) CAPITAL PARTNERS INC. RELEASES SEPTEMBER 2011 NET ASSET VALUE

Resinco Capital Partners Inc. is publishing its net asset value for the end of September, 2011. As of Sept. 30, 2011, Resinco's unaudited NAV per share was nine cents. The closing price of six cents on Sept. 30, 2011, represents a 33.3-per-cent discount to the NAV.

We seek Safe Harbor.

http://www.stockwatch.com/News/Item.aspx?bid=Z-C:RIN-1891726…


Woulfe collects two bulk samples at Sangdong

2011-10-24 09:24 ET - News Release

Mr. Brian Wesson reports

WOULFE MINING GAINS EXPLOSIVE LICENSE, TAKES FIRST BLAST AND FIRST PROCESS EQUIPMENT IS DELIVERED TO SITE

Woulfe Mining Corp. has made major steps forward in the development of its Sangdong tungsten/molybdenum project in South Korea.

The delivery of the Metso minerals front-end crushing equipment and the Terex feeding equipment marked the first equipment delivery to the mine site. The equipment was purchased at a significant discount to value. Woulfe will be purchasing new European-made crushing and grinding equipment where reliability is vital. The four truckloads of heavy equipment were delivered directly to the mine site and unloaded with ease, which demonstrates the advantage of being located in the midst of significant industrial infrastructure.

In the latter part of the month, Woulfe received an explosives licence, built an underground storage facility and initiated the first blast since closure in 1993. The F2 footwall orebody was blasted. This zone will be the initial point of mining and representative of the initial years of operations. The blast has allowed the company to extract two bulk samples for proof of process through metallurgical testwork and ammonium paratungstate/oxide plant design. The mine has now been opened from one level in the base of the valley floor to the top of the mountain and across the entire 1.2-kilometre strike of the orebody. During the opening, many new target areas were discovered which were initially prepared by Korea Tungsten prior to the 1993 closure of the mine. The closure was due to commodity prices falling by 600 per cent in the 1980s.

The two bulk samples have been taken from the footwall and main orebodies, and will be shipped for pilot testing to prove process prior to construction of the flotation plant in 2012. Construction of the crushing plant is scheduled for later this year. Other metallurgical testwork is progressing with backfill and tailings testing being carried out in the United Kingdom, as well as flotation work in Australia and Canada to finalize the process flow sheet for a baseline to be proven by bulk samples. Woulfe has an aggressive development schedule, and is deploying consultants and laboratories in Canada and Australia to optimize the flow sheet. Once the flow sheet is optimized, the bulk samples will be piloted in two locations: China, the leader in tungsten processing, and Perth, Australia. Pictures and more information can be obtained on the company's website.

"Woulfe is excited to see all the levels of the mine open above the valley floor, three drills running [24 hours a day, seven days a week], the commencement of blasting work and the first arrival of equipment on site," said Woulfe Mining chief executive officer Brian Wesson.

This press release has been reviewed and approved by Mr. Wesson, fellow, Australian Institute Mining and Metallurgy. Mr. Wesson has appropriate qualifications and sufficient relevant experience to qualify as a qualified person for the reporting of the contents of this press release.

We seek Safe Harbor.

http://www.stockwatch.com/News/Item.aspx?bid=Z-C:WOF-1891742…




Brownstone begins drilling Mani No. 1 well at Llanos 27

2011-10-24 10:01 ET - News Release

Mr. Jonathan Schroeder reports

BROWNSTONE ENERGY SPUDS MANI #1 WELL IN COLOMBIA

Brownstone Energy Inc. has been advised by the operator that it has commenced drilling the Mani No. 1 well on the Llanos 27 block in the Llanos basin of Colombia on Oct. 21, 2011. The well is being drilled with the Saxon 132 1,500-horsepower rig and has a planned total depth of 10,850 feet, and drilling is expected to take 45 days. The well is programmed to test the hydrocarbon potential of the Mirador and Une formations with secondary targets being the Carbonera and Gacheta formations. The gross budget for drilling the well is $10-million (U.S.) and the testing budget is $4-million (U.S.) to $5-million (U.S.). The company is paying 50 per cent of this amount to earn a participating interest of 45.275 per cent before payout and 34.25 per cent after payout. NCT EG Energy Group Colombia is the official operator of the block before the ANH, and Quetzal Energy Ltd. is acting as operator on behalf of NCT under a private participation agreement.

Canaguaro, Llanos basin -- operational update

Brownstone has also been advised that the Canaguay No. 1 well was shut in on Oct. 20, 2011, to conduct a downhole cleanout and to install a new submersible pump at a deeper well depth. The workover and cleanup are expected to take approximately 10 days. Total cost of the workover is budgeted to be $1-million, of which Brownstone will pay 25 per cent.

We seek Safe Harbor.

http://www.stockwatch.com/News/Item.aspx?bid=Z-C:BWN-1891766…


Brownstone grants options to buy 2.18 million shares

2011-10-11 19:04 ET - News Release

Mr. Jonathan Schroeder reports

BROWNSTONE GRANTS OPTIONS

Brownstone Energy Inc. has granted 2.18 million options to certain officers, directors, employees and consultants of Brownstone. The options are exercisable at 40 cents per share, vesting quarterly for a period of 18 months and expiring Oct. 10, 2016.

http://www.stockwatch.com/News/Item.aspx?bid=Z-C:BWN-1888688…

[Hanfy]

Galena lowers unit price of financing to nine cents

2011-10-17 18:42 ET - News Release

Mr. Arni Johannson reports

GALENA CAPITAL CORP. AMENDS TERMS OF PRIVATE PLACEMENT

Galena Capital Corp., further to its news releases of Sept. 7 and Sept. 9, 2011, has amended the terms of the non-brokered private placement such that the company will sell up to 5.5 million units (previously set at 3.5 million units) at a price of nine cents per unit (previously set at 15 cents per unit). Each unit consists of one common share of the company and one-half of a share purchase warrant. One whole warrant entitles the holder to purchase one additional common share of the company at a price of 20 cents for a period of two years following the date of issuance. In circumstances where, at any time after the expiry of the four-month restricted period, the company's stock trades at 40 cents or greater for 20 consecutive days, the company may give notice accelerating the expiry date of the exercise period of the warrants to that date which is 30 days from the date of such notice. There is a finder's fee payable on a portion on the private placement.

The private placement is subject to acceptance by the TSX Venture Exchange.

All other terms of the non-brokered private placement will remain the same.

We seek Safe Harbor.

http://www.stockwatch.com/News/Item.aspx?bid=Z-C:FYI-1890092…