Resinco CP (RIN.TO) - Neustart mit langfristiger Erfolgsaussicht (Seite 163)
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Antwort auf Beitrag Nr.: 40.315.183 von Hanfy am 13.10.10 18:17:57Source arranges $1.2-million private placement
2010-10-13 15:24 ET - News Release
Mr. Brian Robertson reports
SOURCE EXPLORATION CORP. ANNOUNCES $1,200,000 NON BROKERED PRIVATE PLACEMENT
Source Exploration Corp. is proceeding with a non-brokered private placement to raise up to $1.2-million by issuance of up to six million units at a price of 20 cents per unit. Each unit will consist of one common share and a one-half a share purchase warrant. Each whole share purchase warrant will entitle the holder to purchase a further common share for a period of 18 months from closing at a price of 35 cents per common share. Should the corporation's share price exceed 45 cents for a continuous 20-day trading period in advance of the expiry date of the share purchase warrants, the corporation may require early exercise of the share purchase warrants at its sole discretion. After the aforesaid 20-day period, the corporation may issue a 10-day notice advising the subscribers to exercise their share purchase warrants within the 10-day period following the notice. At the company's option, this placement may be increased by 15 per cent. This private placement is subject to regulatory approval.
On closing, the company may pay a finder's fee in respect of a portion of the private placement in accordance with the policies of the TSX Venture Exchange. The securities issued in this private placement will be subject to a four-month hold period from the date of closing in compliance with applicable securities laws. Proceeds of the financing will be used by the corporation for exploration and development of its Las Minas gold-copper project, and general corporate purposes.
We seek Safe Harbor.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:SOP-1768127…
2010-10-13 15:24 ET - News Release
Mr. Brian Robertson reports
SOURCE EXPLORATION CORP. ANNOUNCES $1,200,000 NON BROKERED PRIVATE PLACEMENT
Source Exploration Corp. is proceeding with a non-brokered private placement to raise up to $1.2-million by issuance of up to six million units at a price of 20 cents per unit. Each unit will consist of one common share and a one-half a share purchase warrant. Each whole share purchase warrant will entitle the holder to purchase a further common share for a period of 18 months from closing at a price of 35 cents per common share. Should the corporation's share price exceed 45 cents for a continuous 20-day trading period in advance of the expiry date of the share purchase warrants, the corporation may require early exercise of the share purchase warrants at its sole discretion. After the aforesaid 20-day period, the corporation may issue a 10-day notice advising the subscribers to exercise their share purchase warrants within the 10-day period following the notice. At the company's option, this placement may be increased by 15 per cent. This private placement is subject to regulatory approval.
On closing, the company may pay a finder's fee in respect of a portion of the private placement in accordance with the policies of the TSX Venture Exchange. The securities issued in this private placement will be subject to a four-month hold period from the date of closing in compliance with applicable securities laws. Proceeds of the financing will be used by the corporation for exploration and development of its Las Minas gold-copper project, and general corporate purposes.
We seek Safe Harbor.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:SOP-1768127…
Antwort auf Beitrag Nr.: 40.315.092 von Hanfy am 13.10.10 18:05:49SOP.V
StockCharts
http://stockcharts.com/charts/gallery.html?SOP.V
May 27, 2010
Resinco(tm) Capital Partners Inc. Acquires Securities of Source Exploration Corp.
http://www.resincocp.com/s/NewsReleases.asp?ReportID=401667
StockCharts
http://stockcharts.com/charts/gallery.html?SOP.V
May 27, 2010
Resinco(tm) Capital Partners Inc. Acquires Securities of Source Exploration Corp.
http://www.resincocp.com/s/NewsReleases.asp?ReportID=401667
Source to acquire Las Minas Au-Cu project in Mexico
2010-10-13 08:50 ET - News Release
Mr. Brian Robertson reports
SOURCE TO ACQUIRE LAS MINAS GOLD-COPPER PROJECT IN MEXICO
Source Exploration Corp.'s 100-per-cent-owned Mexican subsidiary, Roca Verde Exploracion de Mexico, has entered into exclusive letters of intent to acquire the Las Minas and La Miqueta projects, collectively named the Las Minas project, comprising five privately held mineral concessions covering approximately 1,271 hectares in the core of the Las Minas district in the state of Veracruz, Mexico. The district is host to one of the largest underexplored gold-copper skarn systems known in Mexico, with a strong production history that dates back to the Aztec era. The project is located approximately 270 kilometres east of Mexico City and is accessible by road. The district is highly prospective for both bulk-tonnage gold-silver-copper skarn deposits and high-grade gold-silver epithermal vein deposits.
"The acquisition of the Las Minas project will provide Source with ownership of the core area of a historic mining district that is host to potential bulk-tonnage deposits and multiple higher-grade mineralized vein systems that are completely untested by diamond drilling," said Brian Robertson, president and chief executive officer of Source. "In an article published in the Engineering and Mining Journal (Martin Fishback, Nov. 19, 1910), it was reported that high-grade ore grading 15 per cent to 30 per cent copper and 20 to 40 grams per tonne gold was shipped from this area in the early 1900s. It is important to note that minimal modern exploration work has been carried out in the area despite a long history of mining activity."
Las Minas skarn area
The Las Minas area consists of three concessions covering a core part of the district where "endo" and "exoskarn" development is exposed along an irregular two-kilometre zone. Gold and copper mineralization is developed along an approximately 30-metre-thick zone at the contact between the granitic to dioritic batholith that intrudes the massive limestone. Mineralization is remarkably consistent within the exposed exoskarn and consists of gold, silver, chalcopyrite, pyrrohotite, pyrite, magnetite and hematite. In 1997, a previous operator carried out a mapping and sampling program along much of the exposed skarn, the results of which suggest that large areas of exposed skarn commonly contain one gram to five grams per tonne gold and 0.5 per cent to 2 per cent copper, with local zones containing much higher values (Source's qualified person has not verified these historical results).
[...]
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:SOP-1767965…
Woulfe Mining drills 0.37 m of 16.7 g/t Au at Muguk
2010-10-13 09:08 ET - News Release
Mr. Brian Wesson reports
WOULFE MINING ANNOUNCES MUGUK GOLD DRILLING RESULTS
Woulfe Mining Corp. is working to define a resource at its Muguk property to comply with National Instrument 43-101 requirements. Woulfe has now achieved an encouraging result from its second hole into the Muguk gold prospect in South Korea. The purpose of diamond drill hole MG-2 was to establish the continuity of mineralization in the No. 7 vein which has been defined by historical drilling and mapping from the 1980s.
Woulfe Mining's hole MG-2 intersected a zone containing seven thin quartz veins which form part of the No. 7 vein. This zone has a true thickness of around 11 metres, while the individual veinlets range from 0.3 metre to 0.8 metre thick.
Historical sampling of the No. 7 vein at Muguk suggests the mineralization within the zone is variable with historical one-metre assays varying from below detection limit to 384 grams per tonne. There was one significant assay encountered within the zone in diamond drill hole MG-2:
* Sample 42402: 386.30 metres to 386.67 metres 16.7 grams per tonne gold, 16 grams per tonne silver.
This sample is from a vein on the eastern margin of the zone which has a true thickness of 0.3 metre. The hole continued to a depth of 450 metres in order to define better the geological setting of the deposit.
The significance of MG-2 is that it confirms the assumption of continuity between intersections. The mineralization can now confidently be assumed to extend at least 180 metres to the north and 260 metres vertically.
Mineralization therefore extends from MG -1 (1.4 metres true thickness at 5.6 grams per tonne gold) to historical hole No. 85.3 which intersected a true thickness of 5.4 metres at seven grams per tonne gold, including 1.2 metres at 16.9 grams per tonne gold and 1.2 metres at 14.8 grams per tonne gold, separated by a three-metre unsampled interval.
"These results confirm our expectations at Muguk, historically Korea's largest producing gold mine," stated Brian Wesson, chief executive officer and president of Woulfe. "The ongoing work at Muguk will define and potentially expand the historic, non-NI 43-101-compliant resource. Our main focus remains the Sandong project where we have several financial partners exploring strategic relationships in South Korea to fast-track production."
Colin Lutherborrow, MAusIMM, a geologist with 30 years experience in underground mines and the delineation of resources and reserves, is a qualified person as defined by National Instrument standards, and has read and approved this release.
We seek Safe Harbor.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:WOF-1767976…
2010-10-13 08:50 ET - News Release
Mr. Brian Robertson reports
SOURCE TO ACQUIRE LAS MINAS GOLD-COPPER PROJECT IN MEXICO
Source Exploration Corp.'s 100-per-cent-owned Mexican subsidiary, Roca Verde Exploracion de Mexico, has entered into exclusive letters of intent to acquire the Las Minas and La Miqueta projects, collectively named the Las Minas project, comprising five privately held mineral concessions covering approximately 1,271 hectares in the core of the Las Minas district in the state of Veracruz, Mexico. The district is host to one of the largest underexplored gold-copper skarn systems known in Mexico, with a strong production history that dates back to the Aztec era. The project is located approximately 270 kilometres east of Mexico City and is accessible by road. The district is highly prospective for both bulk-tonnage gold-silver-copper skarn deposits and high-grade gold-silver epithermal vein deposits.
"The acquisition of the Las Minas project will provide Source with ownership of the core area of a historic mining district that is host to potential bulk-tonnage deposits and multiple higher-grade mineralized vein systems that are completely untested by diamond drilling," said Brian Robertson, president and chief executive officer of Source. "In an article published in the Engineering and Mining Journal (Martin Fishback, Nov. 19, 1910), it was reported that high-grade ore grading 15 per cent to 30 per cent copper and 20 to 40 grams per tonne gold was shipped from this area in the early 1900s. It is important to note that minimal modern exploration work has been carried out in the area despite a long history of mining activity."
Las Minas skarn area
The Las Minas area consists of three concessions covering a core part of the district where "endo" and "exoskarn" development is exposed along an irregular two-kilometre zone. Gold and copper mineralization is developed along an approximately 30-metre-thick zone at the contact between the granitic to dioritic batholith that intrudes the massive limestone. Mineralization is remarkably consistent within the exposed exoskarn and consists of gold, silver, chalcopyrite, pyrrohotite, pyrite, magnetite and hematite. In 1997, a previous operator carried out a mapping and sampling program along much of the exposed skarn, the results of which suggest that large areas of exposed skarn commonly contain one gram to five grams per tonne gold and 0.5 per cent to 2 per cent copper, with local zones containing much higher values (Source's qualified person has not verified these historical results).
[...]
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:SOP-1767965…
Woulfe Mining drills 0.37 m of 16.7 g/t Au at Muguk
2010-10-13 09:08 ET - News Release
Mr. Brian Wesson reports
WOULFE MINING ANNOUNCES MUGUK GOLD DRILLING RESULTS
Woulfe Mining Corp. is working to define a resource at its Muguk property to comply with National Instrument 43-101 requirements. Woulfe has now achieved an encouraging result from its second hole into the Muguk gold prospect in South Korea. The purpose of diamond drill hole MG-2 was to establish the continuity of mineralization in the No. 7 vein which has been defined by historical drilling and mapping from the 1980s.
Woulfe Mining's hole MG-2 intersected a zone containing seven thin quartz veins which form part of the No. 7 vein. This zone has a true thickness of around 11 metres, while the individual veinlets range from 0.3 metre to 0.8 metre thick.
Historical sampling of the No. 7 vein at Muguk suggests the mineralization within the zone is variable with historical one-metre assays varying from below detection limit to 384 grams per tonne. There was one significant assay encountered within the zone in diamond drill hole MG-2:
* Sample 42402: 386.30 metres to 386.67 metres 16.7 grams per tonne gold, 16 grams per tonne silver.
This sample is from a vein on the eastern margin of the zone which has a true thickness of 0.3 metre. The hole continued to a depth of 450 metres in order to define better the geological setting of the deposit.
The significance of MG-2 is that it confirms the assumption of continuity between intersections. The mineralization can now confidently be assumed to extend at least 180 metres to the north and 260 metres vertically.
Mineralization therefore extends from MG -1 (1.4 metres true thickness at 5.6 grams per tonne gold) to historical hole No. 85.3 which intersected a true thickness of 5.4 metres at seven grams per tonne gold, including 1.2 metres at 16.9 grams per tonne gold and 1.2 metres at 14.8 grams per tonne gold, separated by a three-metre unsampled interval.
"These results confirm our expectations at Muguk, historically Korea's largest producing gold mine," stated Brian Wesson, chief executive officer and president of Woulfe. "The ongoing work at Muguk will define and potentially expand the historic, non-NI 43-101-compliant resource. Our main focus remains the Sandong project where we have several financial partners exploring strategic relationships in South Korea to fast-track production."
Colin Lutherborrow, MAusIMM, a geologist with 30 years experience in underground mines and the delineation of resources and reserves, is a qualified person as defined by National Instrument standards, and has read and approved this release.
We seek Safe Harbor.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:WOF-1767976…
Teslin Outlines Work Program on Tagai Property
Vancouver, British Columbia CANADA, October 12, 2010 /FSC/ - Teslin River Resources Corp. (TLR - TSX Venture), ("Teslin" or the "Company") is pleased to announce that an exploration program has begun for the Tagai Property in the Vanderhoof area of central British Columbia. The program has been separated into three phases with each subsequent phase being conditional on favourable results from the preceding phase.
Phase I consists of approximately 7km of a geophysical survey using Induced Polarization (IP). The results of the Phase I survey may indicate the need for additional IP surveying, which will be conducted as Phase II of the exploration program. Phase II may involve widening parts of the Phase I survey to accommodate a track-mounted reverse circulation drill. Phase III of the exploration program will include reverse circulation drilling if targets are identified in the first two phases.
If results of this exploration program are positive, information collected will be used to identify new targets for more reverse circulation drilling and/or diamond drilling.
About Teslin River Resources Corp.
Teslin River Resources Corp.'s strategy is to build shareholder value by acquiring, exploring and developing a portfolio of copper and copper-gold porphyry properties throughout North and South America. Teslin has optioned the Tagai and Kenny Dam properties in central British Columbia. Prospecting has returned strong copper anomalies some of which are accompanied by high gold values. Teslin also holds the Rand Claims located approximately 7 kilometres southeast of Horsefly in the Cariboo region of central British Columbia adjacent to where Gold Fields Limited (GFI:NYSE) is drilling under an option agreement with Fjordland Exploration Inc. (FEX:TSX-V) and Cariboo Resources Ltd. (CRB:TSX-V). Based on the reported work and drilling by surrounding operators, the area is considered prospective for a large copper-gold porphyry body.
ON BEHALF OF THE BOARD
"Michael Sweatman"
Michael Sweatman,
President and CEO
http://www.usetdas.com/TDAS/NewsArticle.aspx?NewsID=16158
Vancouver, British Columbia CANADA, October 12, 2010 /FSC/ - Teslin River Resources Corp. (TLR - TSX Venture), ("Teslin" or the "Company") is pleased to announce that an exploration program has begun for the Tagai Property in the Vanderhoof area of central British Columbia. The program has been separated into three phases with each subsequent phase being conditional on favourable results from the preceding phase.
Phase I consists of approximately 7km of a geophysical survey using Induced Polarization (IP). The results of the Phase I survey may indicate the need for additional IP surveying, which will be conducted as Phase II of the exploration program. Phase II may involve widening parts of the Phase I survey to accommodate a track-mounted reverse circulation drill. Phase III of the exploration program will include reverse circulation drilling if targets are identified in the first two phases.
If results of this exploration program are positive, information collected will be used to identify new targets for more reverse circulation drilling and/or diamond drilling.
About Teslin River Resources Corp.
Teslin River Resources Corp.'s strategy is to build shareholder value by acquiring, exploring and developing a portfolio of copper and copper-gold porphyry properties throughout North and South America. Teslin has optioned the Tagai and Kenny Dam properties in central British Columbia. Prospecting has returned strong copper anomalies some of which are accompanied by high gold values. Teslin also holds the Rand Claims located approximately 7 kilometres southeast of Horsefly in the Cariboo region of central British Columbia adjacent to where Gold Fields Limited (GFI:NYSE) is drilling under an option agreement with Fjordland Exploration Inc. (FEX:TSX-V) and Cariboo Resources Ltd. (CRB:TSX-V). Based on the reported work and drilling by surrounding operators, the area is considered prospective for a large copper-gold porphyry body.
ON BEHALF OF THE BOARD
"Michael Sweatman"
Michael Sweatman,
President and CEO
http://www.usetdas.com/TDAS/NewsArticle.aspx?NewsID=16158
Cue Resources' Icke seeks to identify Stockhouse poster
2010-10-08 12:00 ET - Street Wire
by Mike Caswell
John Icke, the chairman of Cue Resources Ltd., has filed a lawsuit in the Supreme Court of British Columbia against Stockhouse Publishing Inc., seeking to identify a forum poster called scuba2223. According to the suit, scuba2223 wrote a post which stated that Mr. Icke had stolen documents and committed extortion in Paraguay. Mr. Icke says he asked Stockhouse to help him find scuba2223's real name, but Stockhouse refused to do so without a court order.
The allegations are contained in a brief notice of civil claim Mr. Icke filed against Stockhouse on Oct. 6, 2010. In it, he says that scuba2223 authored a post dated Aug. 27, 2010, under the heading, "Paraguay going after John Icke." The body of the post read: "Paraguayan Authorities are looking for John Icke regarding Cue Resources. The news said he is involved in stealing documents and extorsion [sic]!"
According to the claim, Mr. Icke learned about the post three days after it appeared, and asked Stockhouse to take it down. Stockhouse complied, but by that time 79 readers had viewed it, the suit states.
Mr. Icke claims that the post damaged his reputation by implying that he is involved in criminal conduct and is untrustworthy. The post is so damaging that the person who wrote it does not have a reasonable expectation of privacy, the suit states. Mr. Icke is asking for a court order requiring Stockhouse to disclose information necessary to identify scuba2223, so that he may file a case against that person.
The suit was filed on his behalf by Vancouver lawyer Bruce Elwood of Arvay Finlay. Stockhouse has not yet filed a statement of defence.
Cue Resources, which has a uranium project in southeastern Paraguay, closed Thursday at 6.5 cents.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:CUE-1767341…
Sherbrook SBK $175,000 debenture private placement
2010-10-08 20:35 ET - Private Placement - Debenture
The TSX Venture Exchange has accepted for filing the documentation with respect to a non-brokered private placement announced on Sept. 2, 2010.
Convertible debenture: $175,000
Conversion price: Principal of $175,000 is convertible into common shares at a conversion price equal to 12 cents per common share
Maturity date: One year from the date of issuance of the convertible debentures
Interest rate: 13 per cent
Warrants: 1,458,333 warrants to purchase 1,458,333 common shares
Warrants exercise price: 15 cents per common share during a period of one year following the issuance of the debentures
Hidden placees: Three hidden placees
http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aSBK-17675…
2010-10-08 12:00 ET - Street Wire
by Mike Caswell
John Icke, the chairman of Cue Resources Ltd., has filed a lawsuit in the Supreme Court of British Columbia against Stockhouse Publishing Inc., seeking to identify a forum poster called scuba2223. According to the suit, scuba2223 wrote a post which stated that Mr. Icke had stolen documents and committed extortion in Paraguay. Mr. Icke says he asked Stockhouse to help him find scuba2223's real name, but Stockhouse refused to do so without a court order.
The allegations are contained in a brief notice of civil claim Mr. Icke filed against Stockhouse on Oct. 6, 2010. In it, he says that scuba2223 authored a post dated Aug. 27, 2010, under the heading, "Paraguay going after John Icke." The body of the post read: "Paraguayan Authorities are looking for John Icke regarding Cue Resources. The news said he is involved in stealing documents and extorsion [sic]!"
According to the claim, Mr. Icke learned about the post three days after it appeared, and asked Stockhouse to take it down. Stockhouse complied, but by that time 79 readers had viewed it, the suit states.
Mr. Icke claims that the post damaged his reputation by implying that he is involved in criminal conduct and is untrustworthy. The post is so damaging that the person who wrote it does not have a reasonable expectation of privacy, the suit states. Mr. Icke is asking for a court order requiring Stockhouse to disclose information necessary to identify scuba2223, so that he may file a case against that person.
The suit was filed on his behalf by Vancouver lawyer Bruce Elwood of Arvay Finlay. Stockhouse has not yet filed a statement of defence.
Cue Resources, which has a uranium project in southeastern Paraguay, closed Thursday at 6.5 cents.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:CUE-1767341…
Sherbrook SBK $175,000 debenture private placement
2010-10-08 20:35 ET - Private Placement - Debenture
The TSX Venture Exchange has accepted for filing the documentation with respect to a non-brokered private placement announced on Sept. 2, 2010.
Convertible debenture: $175,000
Conversion price: Principal of $175,000 is convertible into common shares at a conversion price equal to 12 cents per common share
Maturity date: One year from the date of issuance of the convertible debentures
Interest rate: 13 per cent
Warrants: 1,458,333 warrants to purchase 1,458,333 common shares
Warrants exercise price: 15 cents per common share during a period of one year following the issuance of the debentures
Hidden placees: Three hidden placees
http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aSBK-17675…
Brownstone arranges $3-million loan
2010-10-07 17:03 ET - News Release
Mr. Jonathan Schroeder reports
BROWNSTONE SECURES LOAN
Brownstone Ventures Inc. has closed its previously announced term loan, whereby it has obtained $3-million in financing in the form of a secured loan. The loan, provided by 2256629 Ontario Ltd., an arm's-length private company, is for a one-year term (subject to prepayment) and bears interest at a rate of 12 per cent per year, payable monthly. The company's obligations under the loan are secured by a charge over its personal property. As consideration for the loan, Brownstone paid a cash bonus of $300,000 and a facility fee of $30,000 to the lender.
Proceeds from the loan will be used for working capital purposes.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:BWN-1767148…
Pinetree Capital Ltd. Acquires Securities Of La Quinta Resources Corporation
October 7, 2010
TORONTO, Canada Pinetree Capital Ltd. (TSX: PNP), announces that on October 6, 2010, it acquired ownership of 838,000 common shares (“Common Shares”) of La Quinta Resources Corporation. (“La Quinta”) through the facilities of the TSX Venture Exchange, representing approximately 1.4% of the total issued and outstanding common shares of La Quinta as of October 6, 2010. As a result of this transaction, Pinetree held, as at October 6, 2010, an aggregate of 5,999,500 common shares of La Quinta representing approximately 10.1% of all issued and outstanding common shares as at October 6, 2010.
This transaction was made for investment purposes and Pinetree could increase or decrease its investment in La Quinta depending on market conditions or any other relevant factor.
http://www.pinetreecapital.com/investors/news_releases/index…
2010-10-07 17:03 ET - News Release
Mr. Jonathan Schroeder reports
BROWNSTONE SECURES LOAN
Brownstone Ventures Inc. has closed its previously announced term loan, whereby it has obtained $3-million in financing in the form of a secured loan. The loan, provided by 2256629 Ontario Ltd., an arm's-length private company, is for a one-year term (subject to prepayment) and bears interest at a rate of 12 per cent per year, payable monthly. The company's obligations under the loan are secured by a charge over its personal property. As consideration for the loan, Brownstone paid a cash bonus of $300,000 and a facility fee of $30,000 to the lender.
Proceeds from the loan will be used for working capital purposes.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:BWN-1767148…
Pinetree Capital Ltd. Acquires Securities Of La Quinta Resources Corporation
October 7, 2010
TORONTO, Canada Pinetree Capital Ltd. (TSX: PNP), announces that on October 6, 2010, it acquired ownership of 838,000 common shares (“Common Shares”) of La Quinta Resources Corporation. (“La Quinta”) through the facilities of the TSX Venture Exchange, representing approximately 1.4% of the total issued and outstanding common shares of La Quinta as of October 6, 2010. As a result of this transaction, Pinetree held, as at October 6, 2010, an aggregate of 5,999,500 common shares of La Quinta representing approximately 10.1% of all issued and outstanding common shares as at October 6, 2010.
This transaction was made for investment purposes and Pinetree could increase or decrease its investment in La Quinta depending on market conditions or any other relevant factor.
http://www.pinetreecapital.com/investors/news_releases/index…
Brownstone Canaguay-1 logs over 100 ft net oil play
2010-10-06 08:17 ET - News Release
Mr. Jonathan Schroeder reports
BROWNSTONE PROVIDES COLOMBIA AND GENERAL UPDATE: COMPLETION AND TESTING OF CANAGUAY-1, COLOMBIA, BEGINS
Brownstone Ventures Inc. is providing the following update.
Colombia -- Canaguaro block, Llanos basin
Brownstone has been advised by the operator of the Canaguay-1 well on the Canaguaro block in the Llanos basin of Colombia, Quetzal Energy Ltd., that the Saxon No. 132 rig has been erected on the Canaguay-1 well and is expected to begin completion and testing operations shortly. Drilling operations commenced on June 3, 2010, and the well was successfully drilled to a final total depth of 15,850 feet on Aug. 4, 2010. Well logs indicate in excess of 100 feet of potential net oil pay in several oil zones including the Mirador, Barco, Gacheta and Une -- with the Mirador zone containing the majority of the indicated oil pay. Completion and testing operations will begin with the Une/lower sandstone and testing of all potential zones is expected to take approximately four to six weeks. Brownstone has a 25-per-cent working interest in the Canaguaro block.
Colombia -- block 27, Llanos basin
Brownstone has also been advised by the operator, Quetzal, that the processing of 220 square kilometers of 3-D seismic data on block LLA-27 in the Llanos basin of Colombia has been completed. It is expected that the interpretation and mapping of the LLA-27 3-D seismic will be completed in the fourth quarter of 2010. Brownstone has a 50-per-cent paying interest before payout, a 45.5-per-cent revenue interest before payout and a 35-per-cent working interest after payout.
Term loan
Brownstone has entered into a non-binding agreement with 2256629 Ontario Ltd., a private company, to provide Brownstone with a proposed $3-million in financing in the form of a secured loan. The loan would be for a one-year term (subject to prepayment), bear interest at a rate of 12 per cent per year and be secured by a charge over the company's personal property. As consideration for the loan, the company would also pay to the lender a cash bonus equal to 10 per cent of the principal amount of the loan and a facility fee equal to 1 per cent of the principal amount of the loan.
Closing of the transaction is subject to the satisfaction of certain conditions, including the execution of a definitive loan agreement and ancillary documents. Proceeds from the loan would be used for working capital purposes.
We seek Safe Harbor.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:BWN-1766552…
Pinetree Capital Ltd. Acquires Securities Of Halo Resources Ltd.
October 6, 2010
TORONTO, Canada (October 6, 2010) Pinetree Capital Ltd. (TSX: PNP), announces that on October 5, 2010, it acquired ownership of 1,000,000 common shares (“Common Shares”) and 1,000,000 common share purchase warrants (the “Warrants”) of Halo Resources Ltd. (“Halo”). Each Warrant entitles the holder thereof to acquire one additional common share at a price of $0.35 until October 4, 2012. In the event that the Warrants are fully exercised, these holdings represent approximately 9.9% of the total issued and outstanding common shares of Halo as of October 5, 2010, calculated on a partially diluted basis assuming the exercise of the Warrants only. As a result of this transaction, Pinetree held, as at October 5, 2010, an aggregate of 2,050,000 common shares of Halo, including the Common Shares, and rights to acquire an additional 1,600,000 common shares of Halo upon exercise of certain convertible securities, including the Warrants (the “Convertible Securities”). In the event that the Convertible Securities are fully exercised, the holdings of Pinetree represents a total of 3,650,000 common shares of Halo, or approximately 17.6% of all issued and outstanding common shares as at October 5, 2010, calculated on a partially diluted basis assuming the exercise of the Convertible Securities only.
This transaction was made for investment purposes and Pinetree could increase or decrease its investment in Halo depending on market conditions or any other relevant factor.
http://www.pinetreecapital.com/investors/news_releases/index…
2010-10-06 08:17 ET - News Release
Mr. Jonathan Schroeder reports
BROWNSTONE PROVIDES COLOMBIA AND GENERAL UPDATE: COMPLETION AND TESTING OF CANAGUAY-1, COLOMBIA, BEGINS
Brownstone Ventures Inc. is providing the following update.
Colombia -- Canaguaro block, Llanos basin
Brownstone has been advised by the operator of the Canaguay-1 well on the Canaguaro block in the Llanos basin of Colombia, Quetzal Energy Ltd., that the Saxon No. 132 rig has been erected on the Canaguay-1 well and is expected to begin completion and testing operations shortly. Drilling operations commenced on June 3, 2010, and the well was successfully drilled to a final total depth of 15,850 feet on Aug. 4, 2010. Well logs indicate in excess of 100 feet of potential net oil pay in several oil zones including the Mirador, Barco, Gacheta and Une -- with the Mirador zone containing the majority of the indicated oil pay. Completion and testing operations will begin with the Une/lower sandstone and testing of all potential zones is expected to take approximately four to six weeks. Brownstone has a 25-per-cent working interest in the Canaguaro block.
Colombia -- block 27, Llanos basin
Brownstone has also been advised by the operator, Quetzal, that the processing of 220 square kilometers of 3-D seismic data on block LLA-27 in the Llanos basin of Colombia has been completed. It is expected that the interpretation and mapping of the LLA-27 3-D seismic will be completed in the fourth quarter of 2010. Brownstone has a 50-per-cent paying interest before payout, a 45.5-per-cent revenue interest before payout and a 35-per-cent working interest after payout.
Term loan
Brownstone has entered into a non-binding agreement with 2256629 Ontario Ltd., a private company, to provide Brownstone with a proposed $3-million in financing in the form of a secured loan. The loan would be for a one-year term (subject to prepayment), bear interest at a rate of 12 per cent per year and be secured by a charge over the company's personal property. As consideration for the loan, the company would also pay to the lender a cash bonus equal to 10 per cent of the principal amount of the loan and a facility fee equal to 1 per cent of the principal amount of the loan.
Closing of the transaction is subject to the satisfaction of certain conditions, including the execution of a definitive loan agreement and ancillary documents. Proceeds from the loan would be used for working capital purposes.
We seek Safe Harbor.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:BWN-1766552…
Pinetree Capital Ltd. Acquires Securities Of Halo Resources Ltd.
October 6, 2010
TORONTO, Canada (October 6, 2010) Pinetree Capital Ltd. (TSX: PNP), announces that on October 5, 2010, it acquired ownership of 1,000,000 common shares (“Common Shares”) and 1,000,000 common share purchase warrants (the “Warrants”) of Halo Resources Ltd. (“Halo”). Each Warrant entitles the holder thereof to acquire one additional common share at a price of $0.35 until October 4, 2012. In the event that the Warrants are fully exercised, these holdings represent approximately 9.9% of the total issued and outstanding common shares of Halo as of October 5, 2010, calculated on a partially diluted basis assuming the exercise of the Warrants only. As a result of this transaction, Pinetree held, as at October 5, 2010, an aggregate of 2,050,000 common shares of Halo, including the Common Shares, and rights to acquire an additional 1,600,000 common shares of Halo upon exercise of certain convertible securities, including the Warrants (the “Convertible Securities”). In the event that the Convertible Securities are fully exercised, the holdings of Pinetree represents a total of 3,650,000 common shares of Halo, or approximately 17.6% of all issued and outstanding common shares as at October 5, 2010, calculated on a partially diluted basis assuming the exercise of the Convertible Securities only.
This transaction was made for investment purposes and Pinetree could increase or decrease its investment in Halo depending on market conditions or any other relevant factor.
http://www.pinetreecapital.com/investors/news_releases/index…
Pinetree Capital Ltd. Acquires Securities Of Bolero Resources Corp.
October 5, 2010
TORONTO, Canada (October 5, 2010) Pinetree Capital Ltd. (TSX: PNP), announces that on October 4, 2010, it acquired ownership of 2,000,000 common shares (“Common Shares”) and 2,000,000 common share purchase warrants (the “Warrants”) of Bolero Resources Corp. (“Bolero”). Each Warrant entitles the holder thereof to acquire one additional common share at a price of $0.30 until October 4, 2012. In the event that the Warrants are fully exercised, these holdings represent approximately 13.5% of the total issued and outstanding common shares of Bolero as of October 4, 2010, calculated on a partially diluted basis assuming the exercise of the Warrants only. As a result of this transaction, Pinetree and its joint actors collectively held, as at October 4, 2010, an aggregate of 4,265,500 common shares of Bolero, including the Common Shares and rights to acquire an additional 3,550,000 common shares of Bolero upon exercise of certain convertible securities (the “Convertible Securities”), including the Warrants. Of these totals, Pinetree owns 3,665,500 common shares directly, including the Common Shares and the 3,000,000 of the Convertible Securities, including the Warrants (the “Pinetree Convertible Securities”) directly, In the event that the Convertible Securities are fully exercised, the holdings of Pinetree and its joint actors represents a total of 7,815,500 common shares of Bolero, or approximately 25.1% of all issued and outstanding common shares as at October 4, 2010, calculated on a partially diluted basis assuming the exercise of the Convertible Securities only. In the event that the Pinetree Convertible Securities are fully exercised, the direct holdings of Pinetree represents a total of 6,665,500 common shares of Bolero, or approximately 21.8% of all issued and outstanding common shares as at October 4, 2010, calculated on a partially diluted basis assuming the exercise of the Pinetree Convertible Securities only.
These transactions were made for investment purposes and Pinetree or its joint actors could increase or decrease their investment in Bolero depending on market conditions or any other relevant factor.
http://www.pinetreecapital.com/investors/news_releases/index…
October 5, 2010
TORONTO, Canada (October 5, 2010) Pinetree Capital Ltd. (TSX: PNP), announces that on October 4, 2010, it acquired ownership of 2,000,000 common shares (“Common Shares”) and 2,000,000 common share purchase warrants (the “Warrants”) of Bolero Resources Corp. (“Bolero”). Each Warrant entitles the holder thereof to acquire one additional common share at a price of $0.30 until October 4, 2012. In the event that the Warrants are fully exercised, these holdings represent approximately 13.5% of the total issued and outstanding common shares of Bolero as of October 4, 2010, calculated on a partially diluted basis assuming the exercise of the Warrants only. As a result of this transaction, Pinetree and its joint actors collectively held, as at October 4, 2010, an aggregate of 4,265,500 common shares of Bolero, including the Common Shares and rights to acquire an additional 3,550,000 common shares of Bolero upon exercise of certain convertible securities (the “Convertible Securities”), including the Warrants. Of these totals, Pinetree owns 3,665,500 common shares directly, including the Common Shares and the 3,000,000 of the Convertible Securities, including the Warrants (the “Pinetree Convertible Securities”) directly, In the event that the Convertible Securities are fully exercised, the holdings of Pinetree and its joint actors represents a total of 7,815,500 common shares of Bolero, or approximately 25.1% of all issued and outstanding common shares as at October 4, 2010, calculated on a partially diluted basis assuming the exercise of the Convertible Securities only. In the event that the Pinetree Convertible Securities are fully exercised, the direct holdings of Pinetree represents a total of 6,665,500 common shares of Bolero, or approximately 21.8% of all issued and outstanding common shares as at October 4, 2010, calculated on a partially diluted basis assuming the exercise of the Pinetree Convertible Securities only.
These transactions were made for investment purposes and Pinetree or its joint actors could increase or decrease their investment in Bolero depending on market conditions or any other relevant factor.
http://www.pinetreecapital.com/investors/news_releases/index…
AMI Resources optionee samples new anomaly at Anuoro
2010-10-05 10:20 ET - News Release
Mr. Dustin Elford reports
AMI RESOURCES INC. - NEW GOLD TARGETS IDENTIFIED.
AMI Resources Inc. has received from Newmont Ghana Gold Ltd., a subsidiary of Newmont Mining Corp., an update on exploration activities with respect to Newmont's option to earn into AMI's Anuoro licence in Ghana, West Africa.
A total of 715 soil samples were collected in the month of September to conclude the initial phase of soil sampling. A new parallel soil anomaly with maximum Au in soil value of 410 parts per billion (ppb) and measuring, at least 1.6 kilometres long by 0.3 km wide has been identified on the licence. Infill soil lines are planned. A number of blocks of ground IP/resistivity surveys will be conducted over both the old and new soil anomalies. This should contribute in mapping out potential mineralized structures and also better define drill targets.
Newmont has also completed 25 reverse circulation drill holes totalling 2,300 metres over untested soil anomalies which lie outside of the NI 43-101-compliant 100,000-ounce mineral resource identified by AMI on the Anuoro North prospect. Significant drill results from these recent holes drilled by Newmont are in the table.
[...]
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:AMU-1766305…
2010-10-05 10:20 ET - News Release
Mr. Dustin Elford reports
AMI RESOURCES INC. - NEW GOLD TARGETS IDENTIFIED.
AMI Resources Inc. has received from Newmont Ghana Gold Ltd., a subsidiary of Newmont Mining Corp., an update on exploration activities with respect to Newmont's option to earn into AMI's Anuoro licence in Ghana, West Africa.
A total of 715 soil samples were collected in the month of September to conclude the initial phase of soil sampling. A new parallel soil anomaly with maximum Au in soil value of 410 parts per billion (ppb) and measuring, at least 1.6 kilometres long by 0.3 km wide has been identified on the licence. Infill soil lines are planned. A number of blocks of ground IP/resistivity surveys will be conducted over both the old and new soil anomalies. This should contribute in mapping out potential mineralized structures and also better define drill targets.
Newmont has also completed 25 reverse circulation drill holes totalling 2,300 metres over untested soil anomalies which lie outside of the NI 43-101-compliant 100,000-ounce mineral resource identified by AMI on the Anuoro North prospect. Significant drill results from these recent holes drilled by Newmont are in the table.
[...]
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:AMU-1766305…
Woulfe Mining Grants Stock Options
Vancouver, British Columbia CANADA, October 01, 2010 /FSC/ - Woulfe Mining Corp. (WOF - TSX Venture), ("Woulfe" or the "Company") announces that subject to regulatory approval it has granted in the aggregate 1,350,000 options at a price of $0.11 per share to certain Officers and/or Directors of the Company. The options are exercisable for a five year period from the date of grant.
On Behalf of the Board of Directors
Woulfe Mining Corp.
"Brian Wesson"
Brian Wesson
President, CEO and Director
About Woulfe Mining Corp.
Woulfe Mining Corp. is a TSX-V listed company with a diversified portfolio of mining licenses for tungsten, molybdenum, gold, base metals, uranium and vanadium in South Korea.
The Company's current projects include the Sangdong tungsten-molybdenum mine, historically, one of the largest tungsten mines in the world; the Muguk gold-silver mine, formerly South Korea's largest gold producing mine, as well as a number of other properties with significant known mineralization and excellent regional potential.
Woulfe has high expectations for near-term, low-cost production of its Sangdong tungsten-molybdenum project. The Company has assembled a highly skilled, in-country, bilingual Technical Team and at a corporate level a Board of Directors with outstanding industry expertise and a track record of success.
http://www.usetdas.com/TDAS/NewsArticle.aspx?NewsID=16115
Vancouver, British Columbia CANADA, October 01, 2010 /FSC/ - Woulfe Mining Corp. (WOF - TSX Venture), ("Woulfe" or the "Company") announces that subject to regulatory approval it has granted in the aggregate 1,350,000 options at a price of $0.11 per share to certain Officers and/or Directors of the Company. The options are exercisable for a five year period from the date of grant.
On Behalf of the Board of Directors
Woulfe Mining Corp.
"Brian Wesson"
Brian Wesson
President, CEO and Director
About Woulfe Mining Corp.
Woulfe Mining Corp. is a TSX-V listed company with a diversified portfolio of mining licenses for tungsten, molybdenum, gold, base metals, uranium and vanadium in South Korea.
The Company's current projects include the Sangdong tungsten-molybdenum mine, historically, one of the largest tungsten mines in the world; the Muguk gold-silver mine, formerly South Korea's largest gold producing mine, as well as a number of other properties with significant known mineralization and excellent regional potential.
Woulfe has high expectations for near-term, low-cost production of its Sangdong tungsten-molybdenum project. The Company has assembled a highly skilled, in-country, bilingual Technical Team and at a corporate level a Board of Directors with outstanding industry expertise and a track record of success.
http://www.usetdas.com/TDAS/NewsArticle.aspx?NewsID=16115