Resinco CP (RIN.TO) - Neustart mit langfristiger Erfolgsaussicht (Seite 194)
eröffnet am 01.12.09 20:52:14 von
neuester Beitrag 22.06.22 14:22:44 von
neuester Beitrag 22.06.22 14:22:44 von
Beiträge: 2.076
ID: 1.154.579
ID: 1.154.579
Aufrufe heute: 10
Gesamt: 238.794
Gesamt: 238.794
Aktive User: 0
ISIN: CA73108T1049 · WKN: A3D9T1
EUR
0,00 %
0,00 EUR
Letzter Kurs Lang & Schwarz
Werte aus der Branche Finanzdienstleistungen
| Wertpapier | Kurs | Perf. % |
|---|---|---|
| 1,5850 | +47,44 | |
| 0,5010 | +15,70 | |
| 5,9000 | +15,69 | |
| 41,00 | +12,30 | |
| 1,4000 | +12,00 |
| Wertpapier | Kurs | Perf. % |
|---|---|---|
| 1,2700 | -7,97 | |
| 32,90 | -9,86 | |
| 12,300 | -10,87 | |
| 5,1400 | -15,46 | |
| 1.138,25 | -16,86 |
Beitrag zu dieser Diskussion schreiben
Feedback
vorher: IGL (Intl. Gold Mining)
Central Iron acquires Gadacie, Lake Barlee licences
2010-02-01 14:08 ET - News Release
Mr. Andrew Spinks reports
CENTRAL IRON ORE LIMITED: APPLICATION FOR ADDITIONAL IRON ORE TENEMENTS
Central Iron Ore Ltd. has retained the services of a Kalgoorlie-based group of consultants. It identified prospective iron areas in the Gadacie and Lake Barlee region of Western Australia prospective for iron ore exploration.
The Gadacie and Lake Barlee regions are located within the Yilgarn iron ore province. Yilgarn is considered highly prospective, given its history of large-scale iron ore production, with the Koolyanobbing operation (formerly Portman Ltd.) currently producing at a rate of about 5 million tonnes per day of direct-shipping ore.
Following provision of the consultant services, Central has made three new successful exploration licence applications as detailed in the table.
[...]
http://www.stockwatch.com/newsit/newsit_newsit.aspx?bid=Z-C:…
Central Iron acquires Gadacie, Lake Barlee licences
2010-02-01 14:08 ET - News Release
Mr. Andrew Spinks reports
CENTRAL IRON ORE LIMITED: APPLICATION FOR ADDITIONAL IRON ORE TENEMENTS
Central Iron Ore Ltd. has retained the services of a Kalgoorlie-based group of consultants. It identified prospective iron areas in the Gadacie and Lake Barlee region of Western Australia prospective for iron ore exploration.
The Gadacie and Lake Barlee regions are located within the Yilgarn iron ore province. Yilgarn is considered highly prospective, given its history of large-scale iron ore production, with the Koolyanobbing operation (formerly Portman Ltd.) currently producing at a rate of about 5 million tonnes per day of direct-shipping ore.
Following provision of the consultant services, Central has made three new successful exploration licence applications as detailed in the table.
[...]
http://www.stockwatch.com/newsit/newsit_newsit.aspx?bid=Z-C:…
Candente Gold names Foulkes as VP corporate development
2010-02-02 09:57 ET - News Release
Ms. Joanne Freeze reports
CANDENTE GOLD NAMES JOHN FOULKES VP OF CORPORATE DEVELOPMENT
Candente Gold Corp. is appointing John Foulkes, BSc, BEd, as vice-president of corporate development.
Mr. Foulkes brings over 10 years of experience managing corporate development and investor relations programs for Canadian and U.S. public companies to Candente Gold. From 2003 through 2008 he was the manager of corporate development for Platinum Group Metals Ltd., where he helped raise over $40-million and grow the company from an early stage exploration company into one of South Africa's most promising potential platinum producers. Mr. Foulkes was also actively involved in the corporate development and investor relations programs of Mag Silver and West Timmins Mining (now Lakeshore Gold) throughout his tenure with the group.
Prior to his corporate activities, Mr. Foulkes had a notable seven-year career as an exploration geologist, including leading the exploration teams that discovered the Jericho and Gahcho Kue diamond mines in the Canadian Arctic. He holds bachelor's degrees in geology and education from the University of British Columbia.
Mr. Foulkes joins the management team of Joanne Freeze, PGeo (president and chief executive officer), Dr. Peter Megaw, CPG, PhD, (independent director), Darin Wagner, MSc, PGeo (recently announced independent director), Larry Kornze, PEng (independent director), and Andrew Lee Smith, PGeo (independent director).
"I am very excited to join Joey and the rest of the Candente Gold team, and to again work with Dr. Peter Megaw and Darin Wagner. In particular the prospects for both a new discovery and the development of extensions to the high-grade San Rafael vein on Candente Gold's flagship El Oro project are extremely compelling."
"John has a very impressive track record in corporate development through his key roles in three companies which succeeded in increasing their market caps by more than 2,000 per cent. We are very pleased to welcome John to the Candente Gold team and look forward to working together," commented Ms. Freeze.
Drilling is planned to commence at El Oro in February, 2010, and will comprise both surface drilling for new veins, and underground drifting and drilling targeted on extensions to high-grade bonanza shoots in the San Rafael vein. The San Rafael mine produced in excess of four million ounces of gold and 44 million ounces of silver, at average grades of 11 grams per tonne gold and 115 grams per tonne silver, historically, from the uppermost 150 to 250 metres of the system.
Mark Pryor, PrSciNat, independent consultant, Ms. Freeze and Sean Waller, PEng, vice-president, development, are the qualified persons as defined by National Instrument 43-101, and have reviewed and approved the contents of this release.
We seek Safe Harbor.
http://www.stockwatch.com/newsit/newsit_newsit.aspx?bid=Z-C:…
2010-02-02 09:57 ET - News Release
Ms. Joanne Freeze reports
CANDENTE GOLD NAMES JOHN FOULKES VP OF CORPORATE DEVELOPMENT
Candente Gold Corp. is appointing John Foulkes, BSc, BEd, as vice-president of corporate development.
Mr. Foulkes brings over 10 years of experience managing corporate development and investor relations programs for Canadian and U.S. public companies to Candente Gold. From 2003 through 2008 he was the manager of corporate development for Platinum Group Metals Ltd., where he helped raise over $40-million and grow the company from an early stage exploration company into one of South Africa's most promising potential platinum producers. Mr. Foulkes was also actively involved in the corporate development and investor relations programs of Mag Silver and West Timmins Mining (now Lakeshore Gold) throughout his tenure with the group.
Prior to his corporate activities, Mr. Foulkes had a notable seven-year career as an exploration geologist, including leading the exploration teams that discovered the Jericho and Gahcho Kue diamond mines in the Canadian Arctic. He holds bachelor's degrees in geology and education from the University of British Columbia.
Mr. Foulkes joins the management team of Joanne Freeze, PGeo (president and chief executive officer), Dr. Peter Megaw, CPG, PhD, (independent director), Darin Wagner, MSc, PGeo (recently announced independent director), Larry Kornze, PEng (independent director), and Andrew Lee Smith, PGeo (independent director).
"I am very excited to join Joey and the rest of the Candente Gold team, and to again work with Dr. Peter Megaw and Darin Wagner. In particular the prospects for both a new discovery and the development of extensions to the high-grade San Rafael vein on Candente Gold's flagship El Oro project are extremely compelling."
"John has a very impressive track record in corporate development through his key roles in three companies which succeeded in increasing their market caps by more than 2,000 per cent. We are very pleased to welcome John to the Candente Gold team and look forward to working together," commented Ms. Freeze.
Drilling is planned to commence at El Oro in February, 2010, and will comprise both surface drilling for new veins, and underground drifting and drilling targeted on extensions to high-grade bonanza shoots in the San Rafael vein. The San Rafael mine produced in excess of four million ounces of gold and 44 million ounces of silver, at average grades of 11 grams per tonne gold and 115 grams per tonne silver, historically, from the uppermost 150 to 250 metres of the system.
Mark Pryor, PrSciNat, independent consultant, Ms. Freeze and Sean Waller, PEng, vice-president, development, are the qualified persons as defined by National Instrument 43-101, and have reviewed and approved the contents of this release.
We seek Safe Harbor.
http://www.stockwatch.com/newsit/newsit_newsit.aspx?bid=Z-C:…
Sheen Resources Ltd. Announces Updated Information Regarding Proposed Reverse Take-Over
Agreement to acquire all of the shares of Canamara Energy Corporation, a British Columbia resource company
Vancouver, British Columbia CANADA, January 27, 2010 /FSC/ - Sheen Resources Ltd. (SHN - TSX Venture), is pleased to update its shareholders in respect of the proposed reverse take-over to acquire all of the outstanding shares of Canamara Energy Corporation ("Canamara") announced November 25, 2009 (the "Acquisition").
As reported in the last update, the Company has submitted the NI 43-101 report on Touladi Lake (the "Report") to the TSX Venture Exchange (the "Exchange") for its review of the Acquisition. At this time the Company is still waiting for a response from the Exchange.
In addition, the Company is nearing completion of negotiations regarding debt settlements. The closing of the Acquisition will be subject to the Company settling certain outstanding indebtedness, details of which will be announced in due course.
The Company also intends to complete a concurrent financing by way of private placement, the proceeds of which will be used to fund the exploration program referred to in the Report, and to provide the Company with sufficient working capital to satisfy operating and regulatory requirements. Details of this financing will be announced in due course.
The terms of the Acquisition are subject to Exchange acceptance and, if accepted for filing, will constitute a "Reverse Take-Over" ("RTO"), as that term is defined in Exchange policy. Upon completion of the Acquisition, the resulting issuer will continue to be listed as Tier 2 mining issuer.
The Acquisition is a related party transaction, in that Adrian Rollke, President, Chief Executive Officer and director of the Company, is also a director, officer and a major shareholder of Canamara. Accordingly, completion of the Acquisition will be subject to the approval of a majority of the shareholders of the Company who are not related parties (i.e. - disinterested shareholders). The Company will be holding a special general meeting of its shareholders in early 2010, at which the approval of disinterested shareholders for the Acquisition will be sought.
In accordance with Exchange policy, the Company's shares are currently halted from trading and are expected to remain halted until the requirements for reinstatement of trading in Exchange Policy 5.2 Changes of Business and Reverse Takeovers have been met. Other than as elsewhere disclosed herein, there are no significant conditions to the completion of the Acquisition.
Completion of the transaction is subject to a number of conditions, including Exchange acceptance and disinterested shareholder approval. The transaction cannot close until the required Shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the Management Information Circular to be prepared in connection with the transaction, any information released or received with respect to the RTO may not be accurate or complete and should not be relied upon. Trading in the securities of Sheen Resources Ltd. should be considered highly speculative.
The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.
On behalf of the Board of Directors
SHEEN RESOURCES LTD.
"Adrian Rollke"
President, Chief Executive Officer and Director
http://www.usetdas.com/TDAS/NewsArticle.aspx?NewsID=14865
Agreement to acquire all of the shares of Canamara Energy Corporation, a British Columbia resource company
Vancouver, British Columbia CANADA, January 27, 2010 /FSC/ - Sheen Resources Ltd. (SHN - TSX Venture), is pleased to update its shareholders in respect of the proposed reverse take-over to acquire all of the outstanding shares of Canamara Energy Corporation ("Canamara") announced November 25, 2009 (the "Acquisition").
As reported in the last update, the Company has submitted the NI 43-101 report on Touladi Lake (the "Report") to the TSX Venture Exchange (the "Exchange") for its review of the Acquisition. At this time the Company is still waiting for a response from the Exchange.
In addition, the Company is nearing completion of negotiations regarding debt settlements. The closing of the Acquisition will be subject to the Company settling certain outstanding indebtedness, details of which will be announced in due course.
The Company also intends to complete a concurrent financing by way of private placement, the proceeds of which will be used to fund the exploration program referred to in the Report, and to provide the Company with sufficient working capital to satisfy operating and regulatory requirements. Details of this financing will be announced in due course.
The terms of the Acquisition are subject to Exchange acceptance and, if accepted for filing, will constitute a "Reverse Take-Over" ("RTO"), as that term is defined in Exchange policy. Upon completion of the Acquisition, the resulting issuer will continue to be listed as Tier 2 mining issuer.
The Acquisition is a related party transaction, in that Adrian Rollke, President, Chief Executive Officer and director of the Company, is also a director, officer and a major shareholder of Canamara. Accordingly, completion of the Acquisition will be subject to the approval of a majority of the shareholders of the Company who are not related parties (i.e. - disinterested shareholders). The Company will be holding a special general meeting of its shareholders in early 2010, at which the approval of disinterested shareholders for the Acquisition will be sought.
In accordance with Exchange policy, the Company's shares are currently halted from trading and are expected to remain halted until the requirements for reinstatement of trading in Exchange Policy 5.2 Changes of Business and Reverse Takeovers have been met. Other than as elsewhere disclosed herein, there are no significant conditions to the completion of the Acquisition.
Completion of the transaction is subject to a number of conditions, including Exchange acceptance and disinterested shareholder approval. The transaction cannot close until the required Shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the Management Information Circular to be prepared in connection with the transaction, any information released or received with respect to the RTO may not be accurate or complete and should not be relied upon. Trading in the securities of Sheen Resources Ltd. should be considered highly speculative.
The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.
On behalf of the Board of Directors
SHEEN RESOURCES LTD.
"Adrian Rollke"
President, Chief Executive Officer and Director
http://www.usetdas.com/TDAS/NewsArticle.aspx?NewsID=14865
AMI Resources options 51% of Anuoro to Newmont
2010-01-25 12:57 ET - News Release
Mr. Dustin Elford reports
AMI ANNOUNCES NEWMONT GRANTED AN OPTION TO EARN INTO THE ANUORO LICENCE
AMI Resources Inc., through its operating subsidiary AMI Africa Exploration Ltd., has entered into an agreement with Newmont Ghana Gold Ltd., a subsidiary of Newmont Mining Corp. Under the agreement Newmont has the right to earn an initial 51-per-cent interest in the Anuoro licence by spending $2-million (U.S.) in work expenditures and property payments during the first three-year period. A minimum of $550,000 (U.S.) in work expenditures and property payments is required in the first year.
Upon Newmont earning a 51-per-cent interest, both AMI and Newmont will enter into a joint venture agreement under which Newmont will have 90 days in which to elect to increase its interest in Anuoro to 75 per cent by spending an additional $2-million (U.S.) in work expenditures and property payments over the next two years.
With the recent two-year renewal of the 129-square-kilometre Anuoro licence, AMI welcomes Newmont's regional expertise and financial resources to further develop this project.
http://www.stockwatch.com/newsit/newsit_newsit.aspx?bid=Z-C:…
2010-01-25 12:57 ET - News Release
Mr. Dustin Elford reports
AMI ANNOUNCES NEWMONT GRANTED AN OPTION TO EARN INTO THE ANUORO LICENCE
AMI Resources Inc., through its operating subsidiary AMI Africa Exploration Ltd., has entered into an agreement with Newmont Ghana Gold Ltd., a subsidiary of Newmont Mining Corp. Under the agreement Newmont has the right to earn an initial 51-per-cent interest in the Anuoro licence by spending $2-million (U.S.) in work expenditures and property payments during the first three-year period. A minimum of $550,000 (U.S.) in work expenditures and property payments is required in the first year.
Upon Newmont earning a 51-per-cent interest, both AMI and Newmont will enter into a joint venture agreement under which Newmont will have 90 days in which to elect to increase its interest in Anuoro to 75 per cent by spending an additional $2-million (U.S.) in work expenditures and property payments over the next two years.
With the recent two-year renewal of the 129-square-kilometre Anuoro licence, AMI welcomes Newmont's regional expertise and financial resources to further develop this project.
http://www.stockwatch.com/newsit/newsit_newsit.aspx?bid=Z-C:…
Antwort auf Beitrag Nr.: 38.798.268 von Hanfy am 23.01.10 18:23:41Lions Gate Metals Inc. and Firesteel Resources Inc. Sign Letter of Intent
Lions Gate Metals Inc. and Firesteel Resources Inc. Sign Letter of Intent
VANCOUVER, BRITISH COLUMBIA, Jan. 25, 2010 (Marketwire) -- Lions Gate Metals Inc. (TSX VENTURE:LGM) ("Lions Gate" or the "Company") is pleased to announce that it has entered into a binding letter of intent ("LOI") with Firesteel Resources Inc. ("Firesteel") to acquire a 75% interest in the ROK-Coyote mineral property (the "Property") situated in the Stikine Arch region of northwestern B.C.
Terms of the LOI
Under the terms of the LOI, Lions Gate will be granted an option (the "Option") to acquire a seventy-five percent (75%) interest in the Property in consideration of an aggregate of 650,000 common shares of the Company, an aggregate of $496,000 in cash payments and an aggregate work commitment of $2,329,000 over a period of four years (the "Option Period"). During the Option Period, Lions Gate will be the operator on the Property.
It is intended by the parties that the LOI will be superseded by a formal mineral lease option agreement within 45 days. Lions Gate and Firesteel will provide further updates by way of news releases when a formal agreement is signed.
An initial cash payment of $50,000 has been paid by Lions Gate to Firesteel which shall be credited against the cash payment and work commitment obligations under the Option. Any common shares issued pursuant to the Option shall be subject to a pooling arrangement providing for the release of 25% of such shares on issuance and 25% every three months thereafter. Lions Gate shall also have a first right to repurchase or arrange for the purchase of any shares to be issued to Firesteel.
Firesteel retains the right to acquire a five percent (5%) interest in the Property at any time following the date which is three years after the Option is approved by the TSX Venture Exchange (TSX-V) and until a production decision is made concerning the Property for total consideration of $200,000. In the event Firesteel elects to exercise this right, Lions Gate's rights under the Option would be to a 70% interest in the Property. Firesteel will also be granted a 2% net smelter royalty ("Royalty") on the Property, subject to Lions Gate's right to purchase 1/2 of such royalty (1%) for $1,000,000 at any time within 240 days of commencement of commercial production.
The Property consists of two blocks earned or under option by Firesteel from previous claim holders, each with 2% Royalty obligations; one block in an area of common interest with a 0.5% Royalty obligation; and a fourth block with no previous Royalty obligation.
Lions Gate has agreed to pay a break fee of $10,000 if the LOI is terminated.
The acquisition of the ROK - Coyote project is an opportunity for Lions Gate to expand its project portfolio in British Columbia. The Property is situated in the Stikine Arch region of northwestern B.C. about 8 km southeast of the Iskut Village on Highway 37 and 12 km west of the BC Rail extension road bed. The Property comprises 19 contiguous claims covering 6,891 Ha. Lions Gate believes that this Property is a highly prospective copper-gold alkalic porphyry targets in BC and warrants a significant exploration program to test its potential.
The Property is adjacent to and immediately northwest of the Imperial Metals Corporation's ("Imperial Metals") Red Chris copper-gold deposit (with measured and indicated resources of 446.1 million tonnes at 0.36% Cu and 0.29 g/t Au, at 0.20% Cu % Cutoff, as reported on page 52 of Imperial Metals' Annual Information Form dated March 30, 2009). In a news release dated November 9, 2009 Imperial Metals also reported the Red Chris Drill hole RC09-350 returned 152.5 metres grading 4.12% copper and 8.83 g/t gold starting at a depth of 540.0 metres. Firesteel has reported that the Property covers a copper-gold porphyry target located within a large hydrothermal sulphide system measuring at least 9 sq. km. atop the Tanzilla Plateau. Access to the Property is easily gained from Hwy. 37 along the west side of the claim group or from the Ealue Lake secondary road which crosses the southern half of the Property in an east-west direction.
Property geology is reported as Lower Jurassic, Hazelton Group volcanics and sediments intruded by Early Jurassic, hornblende quartz monzonite and syenite plugs and dykes. Copper-gold mineralization is related to emplacement of the intrusives. Post mineral, barren Hazelton volcanics cap part of the system. Alteration includes well mineralized quartz stockworks & intense potassic alteration passing outward to phyllic and propylitic alteration assemblages.
Exploration work on the Property dates back to 1929 when copper was discovered at the Klappan Rose showing. Between then and the 1970's, when Texasgulf discovered the Red Chris deposit, exploration was intermittent and minimal. After the discovery, there was a period of increased exploration activity but it was largely limited to prospecting, geological mapping and some localized geophysical surveys.
Going Forward
LGM management is highly encouraged by the findings to date (which will be subsequently released in a news release at a later date) and intends to follow them up with a 2010 exploration program consisting of extending the geophysical grid to the West to cover the entire Th/K anomaly, conducting additional IP chargeability and resistivity readings over the entire grid and possibly drilling up to 1500 meters of drill holes to follow up findings from this program.
Sincerely on behalf of the Board of Directors,
Arni Johannson, CEO and Chairman of the Board
Lions Gate Metals Inc.
Lions Gate Metals Inc. is a Canadian based, junior resource company focused on the exploration, development, and acquisition of both advanced and early stage mineral projects.
Forward-Looking Statements
Statements in this release that are forward-looking statements, including statements relating to the Company's plans to complete a definitive agreement with Firesteel and to undertake the 2010 exploration program on the Property, are subject to various risks and uncertainties concerning the specific factors identified in the Company's periodic filings with Canadian Securities Regulators. These factors include the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drill results and other exploration data, the potential for delays in exploration or development activities, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with the Company's expectations, accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties with or interruptions in production and operations, fluctuating metal prices, the possibility of project cost overruns or unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future, the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, currency fluctuations, regulatory restrictions, including environmental regulatory restrictions and liability, competition, loss of key employees, and other related risks and uncertainties. The Company undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Source: Marketwire Canada (January 25, 2010 - 10:59 AM EST)
News by QuoteMedia
Gruß
Beuer
Lions Gate Metals Inc. and Firesteel Resources Inc. Sign Letter of Intent
VANCOUVER, BRITISH COLUMBIA, Jan. 25, 2010 (Marketwire) -- Lions Gate Metals Inc. (TSX VENTURE:LGM) ("Lions Gate" or the "Company") is pleased to announce that it has entered into a binding letter of intent ("LOI") with Firesteel Resources Inc. ("Firesteel") to acquire a 75% interest in the ROK-Coyote mineral property (the "Property") situated in the Stikine Arch region of northwestern B.C.
Terms of the LOI
Under the terms of the LOI, Lions Gate will be granted an option (the "Option") to acquire a seventy-five percent (75%) interest in the Property in consideration of an aggregate of 650,000 common shares of the Company, an aggregate of $496,000 in cash payments and an aggregate work commitment of $2,329,000 over a period of four years (the "Option Period"). During the Option Period, Lions Gate will be the operator on the Property.
It is intended by the parties that the LOI will be superseded by a formal mineral lease option agreement within 45 days. Lions Gate and Firesteel will provide further updates by way of news releases when a formal agreement is signed.
An initial cash payment of $50,000 has been paid by Lions Gate to Firesteel which shall be credited against the cash payment and work commitment obligations under the Option. Any common shares issued pursuant to the Option shall be subject to a pooling arrangement providing for the release of 25% of such shares on issuance and 25% every three months thereafter. Lions Gate shall also have a first right to repurchase or arrange for the purchase of any shares to be issued to Firesteel.
Firesteel retains the right to acquire a five percent (5%) interest in the Property at any time following the date which is three years after the Option is approved by the TSX Venture Exchange (TSX-V) and until a production decision is made concerning the Property for total consideration of $200,000. In the event Firesteel elects to exercise this right, Lions Gate's rights under the Option would be to a 70% interest in the Property. Firesteel will also be granted a 2% net smelter royalty ("Royalty") on the Property, subject to Lions Gate's right to purchase 1/2 of such royalty (1%) for $1,000,000 at any time within 240 days of commencement of commercial production.
The Property consists of two blocks earned or under option by Firesteel from previous claim holders, each with 2% Royalty obligations; one block in an area of common interest with a 0.5% Royalty obligation; and a fourth block with no previous Royalty obligation.
Lions Gate has agreed to pay a break fee of $10,000 if the LOI is terminated.
The acquisition of the ROK - Coyote project is an opportunity for Lions Gate to expand its project portfolio in British Columbia. The Property is situated in the Stikine Arch region of northwestern B.C. about 8 km southeast of the Iskut Village on Highway 37 and 12 km west of the BC Rail extension road bed. The Property comprises 19 contiguous claims covering 6,891 Ha. Lions Gate believes that this Property is a highly prospective copper-gold alkalic porphyry targets in BC and warrants a significant exploration program to test its potential.
The Property is adjacent to and immediately northwest of the Imperial Metals Corporation's ("Imperial Metals") Red Chris copper-gold deposit (with measured and indicated resources of 446.1 million tonnes at 0.36% Cu and 0.29 g/t Au, at 0.20% Cu % Cutoff, as reported on page 52 of Imperial Metals' Annual Information Form dated March 30, 2009). In a news release dated November 9, 2009 Imperial Metals also reported the Red Chris Drill hole RC09-350 returned 152.5 metres grading 4.12% copper and 8.83 g/t gold starting at a depth of 540.0 metres. Firesteel has reported that the Property covers a copper-gold porphyry target located within a large hydrothermal sulphide system measuring at least 9 sq. km. atop the Tanzilla Plateau. Access to the Property is easily gained from Hwy. 37 along the west side of the claim group or from the Ealue Lake secondary road which crosses the southern half of the Property in an east-west direction.
Property geology is reported as Lower Jurassic, Hazelton Group volcanics and sediments intruded by Early Jurassic, hornblende quartz monzonite and syenite plugs and dykes. Copper-gold mineralization is related to emplacement of the intrusives. Post mineral, barren Hazelton volcanics cap part of the system. Alteration includes well mineralized quartz stockworks & intense potassic alteration passing outward to phyllic and propylitic alteration assemblages.
Exploration work on the Property dates back to 1929 when copper was discovered at the Klappan Rose showing. Between then and the 1970's, when Texasgulf discovered the Red Chris deposit, exploration was intermittent and minimal. After the discovery, there was a period of increased exploration activity but it was largely limited to prospecting, geological mapping and some localized geophysical surveys.
Going Forward
LGM management is highly encouraged by the findings to date (which will be subsequently released in a news release at a later date) and intends to follow them up with a 2010 exploration program consisting of extending the geophysical grid to the West to cover the entire Th/K anomaly, conducting additional IP chargeability and resistivity readings over the entire grid and possibly drilling up to 1500 meters of drill holes to follow up findings from this program.
Sincerely on behalf of the Board of Directors,
Arni Johannson, CEO and Chairman of the Board
Lions Gate Metals Inc.
Lions Gate Metals Inc. is a Canadian based, junior resource company focused on the exploration, development, and acquisition of both advanced and early stage mineral projects.
Forward-Looking Statements
Statements in this release that are forward-looking statements, including statements relating to the Company's plans to complete a definitive agreement with Firesteel and to undertake the 2010 exploration program on the Property, are subject to various risks and uncertainties concerning the specific factors identified in the Company's periodic filings with Canadian Securities Regulators. These factors include the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drill results and other exploration data, the potential for delays in exploration or development activities, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with the Company's expectations, accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties with or interruptions in production and operations, fluctuating metal prices, the possibility of project cost overruns or unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future, the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, currency fluctuations, regulatory restrictions, including environmental regulatory restrictions and liability, competition, loss of key employees, and other related risks and uncertainties. The Company undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Source: Marketwire Canada (January 25, 2010 - 10:59 AM EST)
News by QuoteMedia
Gruß
Beuer
Trading Spotlight
Antwort auf Beitrag Nr.: 38.797.134 von Hanfy am 23.01.10 11:41:54LIONS GATE METALS INC. ("LGM")
BULLETIN TYPE: Halt
BULLETIN DATE: January 22, 2010
TSX Venture Tier 1 Company
Effective at 5:55 a.m. PST, January 22, 2010, trading in the shares of
the Company was halted at the request of the Company, pending an
announcement; this regulatory halt is imposed by Investment Industry
Regulatory Organization of Canada, the Market Regulator of the Exchange
pursuant to the provisions of Section 10.9(1) of the Universal Market
Integrity Rules.
http://www.marketwire.com/press-release/TSX-Venture-Exchange…
BULLETIN TYPE: Halt
BULLETIN DATE: January 22, 2010
TSX Venture Tier 1 Company
Effective at 5:55 a.m. PST, January 22, 2010, trading in the shares of
the Company was halted at the request of the Company, pending an
announcement; this regulatory halt is imposed by Investment Industry
Regulatory Organization of Canada, the Market Regulator of the Exchange
pursuant to the provisions of Section 10.9(1) of the Universal Market
Integrity Rules.
http://www.marketwire.com/press-release/TSX-Venture-Exchange…
Antwort auf Beitrag Nr.: 38.700.470 von Hanfy am 09.01.10 15:38:24update:
die erwartete konsi war doch schon früher dran, dafür deutlich stabiler. RIN läuft momentan in ein schönes dreieck, das spät. anfang feb. ausbrechen sollte, in welche richtung auch immer
RIN ist durch OTL, CUE und LGM auf einen portfoliowert der publics auf ca. 19mio gekommen. MAO hat ein wenig nachgegeben, ist aber nur gering gewichtet, befindet sich aber auch noch im trendkanal.
zu den publics gesellen sich die privaten companies mit einem wert lt. Q3 von 2,35 mio cad. unter den privaten hat bei Shoal Point Energy Ltd. eine finanzierung zu 22c stattgefunden (s. postings ##69,80). mit RINs anteilen von 2,5mio shares lt. Q3 zu 2,2c macht ShoalPoint nun im wert als zweitgrößte private beteiligung 500k cad aus. d.h. die privaten kommen auf ca. 2,8 mio cad.
zzgl. wird 1mio. an cash angenommen. evtl. noch die 3,5mio tax assets.
macht einen wert von 22,8mio. cad (26,3mio mit tax assets) verteilt auf ca. 130mio shares fully diluted bzw. nun 120,1mio undiluted nach ausübung der 1,5mio optionen durch mr. icke (s. #133).
entspricht mindestens 17,5c\share, 20,2c inkl. tax assets - was auch technisch das nächste ziel wäre - oder im besten fall ca. 21,9c (inkl. tax assets undiluted).
--
RIN/LGM Roadshow
mikerodger4
posted on 1/22/2010 6:35:44 PM | 44 reads | Post #98605
LGM announced a financing in the middle of December to support the deal they are working on. John Icke will be accompanying LGM management on a roadshow next week in Toronto and NY to pitch LGM and participating in their financing.
http://www.stockhouse.com/Blogs/ViewDetailedPost.aspx?p=9860…
OTL ist schön ausgebrochen und hat die 25c genommen. wenn es nicht wieder bröckelt, müsste die 25 die nächsten wochen als guter boden mit stabilem vol dienen und einer seitwärtsrange zwischen 25 und 35. bei bruch: MA200. vor allem anonymous ist seit 3 tagen für etwa 70% der käufe verantwortlich.
--
allen ein entspanntes WE.
die erwartete konsi war doch schon früher dran, dafür deutlich stabiler. RIN läuft momentan in ein schönes dreieck, das spät. anfang feb. ausbrechen sollte, in welche richtung auch immer
RIN ist durch OTL, CUE und LGM auf einen portfoliowert der publics auf ca. 19mio gekommen. MAO hat ein wenig nachgegeben, ist aber nur gering gewichtet, befindet sich aber auch noch im trendkanal.
zu den publics gesellen sich die privaten companies mit einem wert lt. Q3 von 2,35 mio cad. unter den privaten hat bei Shoal Point Energy Ltd. eine finanzierung zu 22c stattgefunden (s. postings ##69,80). mit RINs anteilen von 2,5mio shares lt. Q3 zu 2,2c macht ShoalPoint nun im wert als zweitgrößte private beteiligung 500k cad aus. d.h. die privaten kommen auf ca. 2,8 mio cad.
zzgl. wird 1mio. an cash angenommen. evtl. noch die 3,5mio tax assets.
macht einen wert von 22,8mio. cad (26,3mio mit tax assets) verteilt auf ca. 130mio shares fully diluted bzw. nun 120,1mio undiluted nach ausübung der 1,5mio optionen durch mr. icke (s. #133).
entspricht mindestens 17,5c\share, 20,2c inkl. tax assets - was auch technisch das nächste ziel wäre - oder im besten fall ca. 21,9c (inkl. tax assets undiluted).
--
RIN/LGM Roadshow
mikerodger4
posted on 1/22/2010 6:35:44 PM | 44 reads | Post #98605
LGM announced a financing in the middle of December to support the deal they are working on. John Icke will be accompanying LGM management on a roadshow next week in Toronto and NY to pitch LGM and participating in their financing.
http://www.stockhouse.com/Blogs/ViewDetailedPost.aspx?p=9860…
OTL ist schön ausgebrochen und hat die 25c genommen. wenn es nicht wieder bröckelt, müsste die 25 die nächsten wochen als guter boden mit stabilem vol dienen und einer seitwärtsrange zwischen 25 und 35. bei bruch: MA200. vor allem anonymous ist seit 3 tagen für etwa 70% der käufe verantwortlich.
--
allen ein entspanntes WE.
Antwort auf Beitrag Nr.: 38.787.334 von prOdiSma am 22.01.10 00:40:56thx für das update und das beheben des 2010 bugs 
--
kleine ergänzung zur ausübung der optionen durch mr. icke (s. post #133):
commenting on the exercise of options, Mr. Icke stated: "I am very optimistic about the ongoing potential that we are generating within Resinco and our portfolio of investments. I trust that adding to my position in this way will communicate to our shareholders my ongoing commitment to Resinco and to increasing shareholder value."
http://www.usetdas.com/TDAS/NewsArticle.aspx?NewsID=14837
--
kleine ergänzung zur ausübung der optionen durch mr. icke (s. post #133):
commenting on the exercise of options, Mr. Icke stated: "I am very optimistic about the ongoing potential that we are generating within Resinco and our portfolio of investments. I trust that adding to my position in this way will communicate to our shareholders my ongoing commitment to Resinco and to increasing shareholder value."
http://www.usetdas.com/TDAS/NewsArticle.aspx?NewsID=14837
Portfolioentwicklung seit Juni 2009:
blau = Portfoliowert der handelbaren Beteiligungen
rot = Marktpreis
Alles in CAD.
Der blaue Wert hat natürlich keinen Anspruch auf Korrektheit, alles nur auf Basis der Fillings, die überwiegend Hanfy zusammengetragen hat. Danke nochmal dafür.
blau = Portfoliowert der handelbaren Beteiligungen
rot = Marktpreis
Alles in CAD.
Der blaue Wert hat natürlich keinen Anspruch auf Korrektheit, alles nur auf Basis der Fillings, die überwiegend Hanfy zusammengetragen hat. Danke nochmal dafür.
Oriental Minerals Inc. (OTL)
As of January 20th, 2010
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Jan 20/10 Jan 18/10 Kartun, Kevin Direct Ownership Options 50 - Grant of options 250,000 $0.140
Jan 20/10 Dec 17/09 Kartun, Kevin Direct Ownership Options 00 - Opening Balance-Initial SEDI Report
Jan 20/10 Jan 18/10 Icke, John Robert Direct Ownership Options 50 - Grant of options 250,000 $0.140
http://www.canadianinsider.com/coReport/allTransactions.php?…
As of January 20th, 2010
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Jan 20/10 Jan 18/10 Kartun, Kevin Direct Ownership Options 50 - Grant of options 250,000 $0.140
Jan 20/10 Dec 17/09 Kartun, Kevin Direct Ownership Options 00 - Opening Balance-Initial SEDI Report
Jan 20/10 Jan 18/10 Icke, John Robert Direct Ownership Options 50 - Grant of options 250,000 $0.140
http://www.canadianinsider.com/coReport/allTransactions.php?…
Durchsuchen
