Resinco CP (RIN.TO) - Neustart mit langfristiger Erfolgsaussicht (Seite 90)
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Salmon River extends payment terms for Treppo
2012-06-26 08:49 ET - News Release
Mr. Garry Stein reports
SALMON RIVER PROGRESSES TREPPO GRANDE IRON ACQUISITION, SIGNIFICANT INITIAL RESULTS FROM MAPPING OF HEMATITE ZONES, FURTHER CORPORATE UPDATES
Salmon River Resources Ltd. has provided several important corporate developments and the results of its latest exploration activities.
Extension of Treppo Grande option
Salmon River has further extended the payment terms on its agreement to acquire a 100-per-cent interest in the shares of Treppo Grande Iron Pty. Ltd. (see press releases dated June 16, 2010, and May 2, 2012), a private Australian company which holds five granted tenements in the Yilgarn craton of southwestern Australia, including the highly prospective Treppo Grande iron ore prospects. Under the terms of the agreement for the acquisition, the vendor has agreed to extend the date for completion to Jan. 15, 2013.
Under the terms of the acquisition agreement, the company has agreed to make a payment to the vendor of $4-million (Australian) on or before July 20, 2012; the two precompletion payments of $1-million (Australian) each previously paid by the company to the vendor in relation to earlier extensions will now be in addition to the purchase price; the company has agreed to implement an additional exploration program and incur not less than $4-million (Australian) in exploration expenditure within the tenements by no later than Nov. 15, 2012; the rate of the royalty has been increased from 50 Australian cents per metric tonne of all iron ore to $1 (Australian) per metric tonne of all iron ore; and the final payment for completion of the sale of $96-million (Australian) is to be paid by no later than Jan. 15, 2013.
Doug Betts, chairman of the company, commented: "The extension of the payment terms is an important development for Salmon River. This allows us additional time to complete several strategic initiatives currently under way that are expected to provide significant funding and strategic benefits for the company. Additionally this allows us to progress exploration on the project to further demonstrate the potential of the Treppo Grande iron project and significantly enhance shareholder value prior to any such funding."
Exploration update
[...]
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:SAL-1972200…
2012-06-26 08:49 ET - News Release
Mr. Garry Stein reports
SALMON RIVER PROGRESSES TREPPO GRANDE IRON ACQUISITION, SIGNIFICANT INITIAL RESULTS FROM MAPPING OF HEMATITE ZONES, FURTHER CORPORATE UPDATES
Salmon River Resources Ltd. has provided several important corporate developments and the results of its latest exploration activities.
Extension of Treppo Grande option
Salmon River has further extended the payment terms on its agreement to acquire a 100-per-cent interest in the shares of Treppo Grande Iron Pty. Ltd. (see press releases dated June 16, 2010, and May 2, 2012), a private Australian company which holds five granted tenements in the Yilgarn craton of southwestern Australia, including the highly prospective Treppo Grande iron ore prospects. Under the terms of the agreement for the acquisition, the vendor has agreed to extend the date for completion to Jan. 15, 2013.
Under the terms of the acquisition agreement, the company has agreed to make a payment to the vendor of $4-million (Australian) on or before July 20, 2012; the two precompletion payments of $1-million (Australian) each previously paid by the company to the vendor in relation to earlier extensions will now be in addition to the purchase price; the company has agreed to implement an additional exploration program and incur not less than $4-million (Australian) in exploration expenditure within the tenements by no later than Nov. 15, 2012; the rate of the royalty has been increased from 50 Australian cents per metric tonne of all iron ore to $1 (Australian) per metric tonne of all iron ore; and the final payment for completion of the sale of $96-million (Australian) is to be paid by no later than Jan. 15, 2013.
Doug Betts, chairman of the company, commented: "The extension of the payment terms is an important development for Salmon River. This allows us additional time to complete several strategic initiatives currently under way that are expected to provide significant funding and strategic benefits for the company. Additionally this allows us to progress exploration on the project to further demonstrate the potential of the Treppo Grande iron project and significantly enhance shareholder value prior to any such funding."
Exploration update
[...]
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:SAL-1972200…
Resinco Capital's May 31 NAV at 7.49 cents
2012-06-22 09:04 ET - News Release
Mr. John Icke reports
RESINCO(R) CAPITAL PARTNERS INC. RELEASES MAY 2012 UNAUDITED NET ASSET VALUE PER SHARE
Resinco Capital Partners Inc. is publishing its net asset value (NAV) for the end of May, 2012. As of May 31, 2012, Resinco's unaudited NAV per share was 7.49 cents. The closing price of four cents on May 31, 2012, represents a 47-per-cent discount to the NAV.
We seek Safe Harbor.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:RIN-1971592…
2012-06-22 09:04 ET - News Release
Mr. John Icke reports
RESINCO(R) CAPITAL PARTNERS INC. RELEASES MAY 2012 UNAUDITED NET ASSET VALUE PER SHARE
Resinco Capital Partners Inc. is publishing its net asset value (NAV) for the end of May, 2012. As of May 31, 2012, Resinco's unaudited NAV per share was 7.49 cents. The closing price of four cents on May 31, 2012, represents a 47-per-cent discount to the NAV.
We seek Safe Harbor.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:RIN-1971592…
Woulfe, Completing Buffett Deal, to Start Tungsten Mine in July
By Firat Kayakiran - Jun 19, 2012
Woulfe Mining Corp. (WOF), preparing to close an investment agreement with a unit of Warren Buffett’s Berkshire Hathaway Inc. (BRK/A), will start up a tungsten mine next month that it projects will become the biggest in the world.
Woulfe will raise $20 million in convertible notes in June to begin digging rock ready to be processed at the South Korean Sangdong mine, Chief Executive Officer Brian Wesson said in an interview in London. The company is waiting for Berkshire Hathaway’s IMC International Metalworking Companies BV unit to commit to $70 million of investment in the project.
“It took us six months to negotiate,” Wesson said. “They are a huge company, they don’t do things for the hell of it.”
Woulfe, based in Vancouver, is in talks with South Korean banks over $120 million in funds for its part of the investment, Wesson said. “We have final term sheets with some big banks in Korea,” he said. “They are moving into final due diligence.”
Tungsten prices have risen as China imposed export curbs on raw materials including the rare earth, causing world supplies to plummet and threatening strategic stockpiles. China is the largest supplier of 28 of the 52 elements on the Geological Survey’s risk list. Tungsten was also one of the metals cited when U.S. President Barack Obama filed a complaint to the World Trade Organization on March 13 against the Chinese restrictions.
IMC, 80 percent-controlled by Berkshire Hathaway, signed an agreement with Woulfe to invest $35 million to develop the $115 million mine and the same to build a refinery, Wesson said. It will decide on closing the deal by the end of the month -- after reviewing a feasibility study Woulfe prepared -- in exchange for a quarter stake in the mine and 55 percent of the refinery.
Bringing Technology
“They will build the refiner,” Wesson said. “They’ll design it, they’ll build it and they’ll ensure quality. They came with technology, with size and with market and branding.”
Woulfe plans to ship 400,000 metric ton units of tungsten, equivalent to 4,000 tons of the metal, from the mine, which closed in 1992 on a flood of cheap Chinese concentrate, he said. The company will begin output of the metal in August 2013.
China, source of about 60 percent of the world’s tungsten, has pushed prices higher by imposing the limits on exports of concentrate, Wesson said. The price of ammonium paratungstate, the traded form of the metal, rose 32 percent in 2011 to more than $440 a ton unit, according to European price data from Metal Bulletin. The material traded at less than $65 in 2003.
IMC doesn’t list a phone number or e-mail address for the parent company on its website. Subsidiary companies listed on the site were unable to provide contact details.
To contact the reporter on this story: Firat Kayakiran in London at fkayakiran@bloomberg.net
To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net
http://www.bloomberg.com/news/print/2012-06-19/woulfe-comple…
By Firat Kayakiran - Jun 19, 2012
Woulfe Mining Corp. (WOF), preparing to close an investment agreement with a unit of Warren Buffett’s Berkshire Hathaway Inc. (BRK/A), will start up a tungsten mine next month that it projects will become the biggest in the world.
Woulfe will raise $20 million in convertible notes in June to begin digging rock ready to be processed at the South Korean Sangdong mine, Chief Executive Officer Brian Wesson said in an interview in London. The company is waiting for Berkshire Hathaway’s IMC International Metalworking Companies BV unit to commit to $70 million of investment in the project.
“It took us six months to negotiate,” Wesson said. “They are a huge company, they don’t do things for the hell of it.”
Woulfe, based in Vancouver, is in talks with South Korean banks over $120 million in funds for its part of the investment, Wesson said. “We have final term sheets with some big banks in Korea,” he said. “They are moving into final due diligence.”
Tungsten prices have risen as China imposed export curbs on raw materials including the rare earth, causing world supplies to plummet and threatening strategic stockpiles. China is the largest supplier of 28 of the 52 elements on the Geological Survey’s risk list. Tungsten was also one of the metals cited when U.S. President Barack Obama filed a complaint to the World Trade Organization on March 13 against the Chinese restrictions.
IMC, 80 percent-controlled by Berkshire Hathaway, signed an agreement with Woulfe to invest $35 million to develop the $115 million mine and the same to build a refinery, Wesson said. It will decide on closing the deal by the end of the month -- after reviewing a feasibility study Woulfe prepared -- in exchange for a quarter stake in the mine and 55 percent of the refinery.
Bringing Technology
“They will build the refiner,” Wesson said. “They’ll design it, they’ll build it and they’ll ensure quality. They came with technology, with size and with market and branding.”
Woulfe plans to ship 400,000 metric ton units of tungsten, equivalent to 4,000 tons of the metal, from the mine, which closed in 1992 on a flood of cheap Chinese concentrate, he said. The company will begin output of the metal in August 2013.
China, source of about 60 percent of the world’s tungsten, has pushed prices higher by imposing the limits on exports of concentrate, Wesson said. The price of ammonium paratungstate, the traded form of the metal, rose 32 percent in 2011 to more than $440 a ton unit, according to European price data from Metal Bulletin. The material traded at less than $65 in 2003.
IMC doesn’t list a phone number or e-mail address for the parent company on its website. Subsidiary companies listed on the site were unable to provide contact details.
To contact the reporter on this story: Firat Kayakiran in London at fkayakiran@bloomberg.net
To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net
http://www.bloomberg.com/news/print/2012-06-19/woulfe-comple…
Terreno Resources drills 24 m of 0.14% Cu at Poposa
2012-06-19 08:08 ET - News Release
Mr. Philip Williams reports
TERRENO RESOURCES CORP. RELEASES DRILL RESULTS FROM POPOSA
Terreno Resources Corp. has provided assay results of the recently completed seven-hole (1,108-metre) drill program on its Poposa high-sulphidation gold-copper project in San Juan province. The program targeted potential deep porphyry mineralization and near-surface epithermal gold as identified from surface mapping and sampling with coincident geophysical anomalies. The drill program was carried out over a strike length of approximately one kilometre within the Amarillo target area. Select drill highlights include:
PO-02 intersected quartz-feldspar porphyry with quartz-sericite-chlorite alteration and anomalous mineralization throughout most of the hole. Two separate copper zones were intersected including 24 metres at 0.14 per cent copper (Cu) from 24 metres and 46 metres at 0.11 per cent Cu from 192 metres.
PO-03 intersected feldspar porphyry with quartz-sericite-chlorite alteration including several meaningful mineralized intervals including 25 metres at 0.79 gram per tonne (g/t) gold (Au) and 0.12 per cent Cu from 42 metres and 10 metres at 0.86 per cent Cu from 298 metres including four metres at 2.03 per cent Cu.
PO-04 intersected silicified sandstones and shale cut by hydrothermal breccia featuring low-grade gold mineralization averaging 0.23 g/t over 77.3 metres from surface including 16 metres of 0.40 g/t from 51 metres.
PO-05 intersected low-grade copper and gold mineralization over 55 metres grading 0.12 g/t Au and 0.11 per cent Cu from 36 metres.
PO-07 intersected a postmineral intrusive breccia with mineralized quartz-feldspar porphyry fragments. Mineralization was limited to small intervals including six metres at 0.20 per cent Cu from 117 metres and 3.4 metres at 0.38 per cent Cu from 134.4 metres.
"We successfully accomplished several important goals in our first drill program at Poposa," commented Peter Mullens, vice-president, exploration. "Primarily; we intersected wide intervals of porphyry rock and associated alteration including several zones of potentially economic grades and widths. This tells us we have the right host rocks and the potential for larger zones of mineralization exists. The drilling also corroborated the results of our extensive geological and geophysical modelling which shows that we may be close to the main source of the mineralization. Given we only tested a small area with a limited amount of metres, the results support an expanded follow-up program. Our geologists will now take the summer to further interpret these results and plan our next program."
[...]
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:TNO-1970497…
2012-06-19 08:08 ET - News Release
Mr. Philip Williams reports
TERRENO RESOURCES CORP. RELEASES DRILL RESULTS FROM POPOSA
Terreno Resources Corp. has provided assay results of the recently completed seven-hole (1,108-metre) drill program on its Poposa high-sulphidation gold-copper project in San Juan province. The program targeted potential deep porphyry mineralization and near-surface epithermal gold as identified from surface mapping and sampling with coincident geophysical anomalies. The drill program was carried out over a strike length of approximately one kilometre within the Amarillo target area. Select drill highlights include:
PO-02 intersected quartz-feldspar porphyry with quartz-sericite-chlorite alteration and anomalous mineralization throughout most of the hole. Two separate copper zones were intersected including 24 metres at 0.14 per cent copper (Cu) from 24 metres and 46 metres at 0.11 per cent Cu from 192 metres.
PO-03 intersected feldspar porphyry with quartz-sericite-chlorite alteration including several meaningful mineralized intervals including 25 metres at 0.79 gram per tonne (g/t) gold (Au) and 0.12 per cent Cu from 42 metres and 10 metres at 0.86 per cent Cu from 298 metres including four metres at 2.03 per cent Cu.
PO-04 intersected silicified sandstones and shale cut by hydrothermal breccia featuring low-grade gold mineralization averaging 0.23 g/t over 77.3 metres from surface including 16 metres of 0.40 g/t from 51 metres.
PO-05 intersected low-grade copper and gold mineralization over 55 metres grading 0.12 g/t Au and 0.11 per cent Cu from 36 metres.
PO-07 intersected a postmineral intrusive breccia with mineralized quartz-feldspar porphyry fragments. Mineralization was limited to small intervals including six metres at 0.20 per cent Cu from 117 metres and 3.4 metres at 0.38 per cent Cu from 134.4 metres.
"We successfully accomplished several important goals in our first drill program at Poposa," commented Peter Mullens, vice-president, exploration. "Primarily; we intersected wide intervals of porphyry rock and associated alteration including several zones of potentially economic grades and widths. This tells us we have the right host rocks and the potential for larger zones of mineralization exists. The drilling also corroborated the results of our extensive geological and geophysical modelling which shows that we may be close to the main source of the mineralization. Given we only tested a small area with a limited amount of metres, the results support an expanded follow-up program. Our geologists will now take the summer to further interpret these results and plan our next program."
[...]
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:TNO-1970497…
Antwort auf Beitrag Nr.: 43.287.934 von Hanfy am 15.06.12 14:39:31Toll - der Hanfy postet seit Jahren News zum Portfolio und Umfeld von Longview und helfen tuts genau ...
... nichts! B-(
Damit ich jedoch wenigstens was winzig Sinnvolles schreibe:
- Wenn man den Mut hat, auf diesem Ramschniveau seine Bestände drastisch zu verbilligen und die (einzige) Chance, nämlich Oriental vielleicht doch mal was wird, sollte der Hebel nen Abgang mit Schmerzen aber Würde ermöglichen. Doch wer wirft vermodertem Geld saftig grünes, frisches hinterher?! Wohl nur der Zockerkönig aus der Halbwelt B-(
... nichts! B-(
Damit ich jedoch wenigstens was winzig Sinnvolles schreibe:
- Wenn man den Mut hat, auf diesem Ramschniveau seine Bestände drastisch zu verbilligen und die (einzige) Chance, nämlich Oriental vielleicht doch mal was wird, sollte der Hebel nen Abgang mit Schmerzen aber Würde ermöglichen. Doch wer wirft vermodertem Geld saftig grünes, frisches hinterher?! Wohl nur der Zockerkönig aus der Halbwelt B-(
Trading Spotlight
Antwort auf Beitrag Nr.: 43.285.763 von Hanfy am 14.06.12 22:16:50Teslin River arranges $2.5-million private placement
2012-06-14 16:39 ET - News Release
Mr. John Icke reports
TESLIN RIVER ANNOUNCES $2.5 MILLION PRIVATE PLACEMENT
Teslin River Resources Corp. intends to complete a non-brokered private placement totalling gross proceeds of $2.5-million consisting of 40 million units at a price of five cents per unit and 8,333,333 flow-through shares (FT shares) at a price of six cents per FT share. Flow-through shares are issued within the meaning of the Income Tax Act (Canada).
Each unit will consist of a common share of the company and one-half of one share purchase warrant. Each warrant will entitle the holder to purchase an additional common share of the company at a price of 10 cents for a period of 18 months from the close of the transaction.
In the event that the closing price of Teslin's common shares on the TSX Venture Exchange is at least 15 cents for 20 consecutive trading days at any time after that date which is four months following the closing date of the placement, Teslin may reduce the remaining exercise period of the warrants to 30 days from the date of the company providing notice of the accelerated warrant term.
A finder's fee may be payable on some or all of the securities placed in the placement. The proceeds from the sale of the FT shares will be used for exploration for the company's exploration and drilling program on the Frasergold project, which is located within the Quesnel trough of British Columbia, and the proceeds from the sale of the units will be used for general working capital purposes and for exploration on the company's Nevada properties. The offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange and the securities regulatory authorities.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:TLR-1969710…
2012-06-14 16:39 ET - News Release
Mr. John Icke reports
TESLIN RIVER ANNOUNCES $2.5 MILLION PRIVATE PLACEMENT
Teslin River Resources Corp. intends to complete a non-brokered private placement totalling gross proceeds of $2.5-million consisting of 40 million units at a price of five cents per unit and 8,333,333 flow-through shares (FT shares) at a price of six cents per FT share. Flow-through shares are issued within the meaning of the Income Tax Act (Canada).
Each unit will consist of a common share of the company and one-half of one share purchase warrant. Each warrant will entitle the holder to purchase an additional common share of the company at a price of 10 cents for a period of 18 months from the close of the transaction.
In the event that the closing price of Teslin's common shares on the TSX Venture Exchange is at least 15 cents for 20 consecutive trading days at any time after that date which is four months following the closing date of the placement, Teslin may reduce the remaining exercise period of the warrants to 30 days from the date of the company providing notice of the accelerated warrant term.
A finder's fee may be payable on some or all of the securities placed in the placement. The proceeds from the sale of the FT shares will be used for exploration for the company's exploration and drilling program on the Frasergold project, which is located within the Quesnel trough of British Columbia, and the proceeds from the sale of the units will be used for general working capital purposes and for exploration on the company's Nevada properties. The offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange and the securities regulatory authorities.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:TLR-1969710…
Teslin receives five-year exploration permit in B.C.
2012-06-14 11:50 ET - News Release
Mr. John Icke reports
TESLIN RIVER RESOURCES CORP. RECEIVES MULTI-YEAR EXPLORATION PERMIT FOR ITS FRASERGOLD PROJECT IN BRITISH COLUMBIA
Teslin River Resources Corp. has received a multiyear exploration permit from the British Columbia Ministry of Energy and Mines to conduct exploration activities on its Frasergold project. The permit covers the period April, 2012, through April, 2017.
As announced on Nov. 22, 2011, Teslin River signed a definitive agreement with Eureka Resources Inc., giving it the right to earn a 75-per-cent interest in Frasergold, located 100 kilometres east of Williams Lake in the Cariboo area of central British Columbia.
"We have developed a very focused exploration program for 2012," said Teslin River's vice-president of exploration, Dr. Michael Hitch. "In addition to further drilling along the 12 km strike length, we will also be testing the potential presence of a copper porphyry system in the Eureka Bowl zone, as identified in our 2011 soil sampling program."
About Frasergold project
The Frasergold project, optioned from Eureka Resources, is located in the Cariboo gold camp, situated in the historic Quesnel Trough area of central British Columbia with a long history of continued exploration since the 1970s. A combination of quartz veins and knotted phyllites host gold mineralization containing coarse free gold and finer-grained sulphide-bearing gold. Previous operators identified a 12-kilometre belt of gold mineralization on the property through drilling, soil sampling, induced polarization geophysical surveys and surface exploration.
A prior National Instrument 43-101-compliant resource was completed in November, 2009 -- "Report on the 2007 and 2008 Drill Programs on the Frasergold Project," prepared by K.V. Campbell and G.H. Giroux for Hawthorne Gold Corp. -- of 614,000 ounces of gold measured and indicated, and 1,225,000 ounces of gold inferred at a cut-off of 0.30 g/t gold. The prior resource is a historical estimate and a qualified person for the company has not done sufficient work to classify the historical estimate as a current mineral resource. As a result the historical estimate is not being treated as a current mineral resource and is not to be relied upon.
Teslin has the right to earn a 51-per-cent interest in the Frasergold project by spending $3.55-million on the property and providing payments to Eureka totalling $200,000 over a three-year period. An additional 24-per-cent interest (totalling 75 per cent) can be earned by completing a feasibility study.
Dr. Michael Hitch, PEng, PGeo, is a qualified person pursuant to NI 43-101, and has approved the contents of this release.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:TLR-1969619…
2012-06-14 11:50 ET - News Release
Mr. John Icke reports
TESLIN RIVER RESOURCES CORP. RECEIVES MULTI-YEAR EXPLORATION PERMIT FOR ITS FRASERGOLD PROJECT IN BRITISH COLUMBIA
Teslin River Resources Corp. has received a multiyear exploration permit from the British Columbia Ministry of Energy and Mines to conduct exploration activities on its Frasergold project. The permit covers the period April, 2012, through April, 2017.
As announced on Nov. 22, 2011, Teslin River signed a definitive agreement with Eureka Resources Inc., giving it the right to earn a 75-per-cent interest in Frasergold, located 100 kilometres east of Williams Lake in the Cariboo area of central British Columbia.
"We have developed a very focused exploration program for 2012," said Teslin River's vice-president of exploration, Dr. Michael Hitch. "In addition to further drilling along the 12 km strike length, we will also be testing the potential presence of a copper porphyry system in the Eureka Bowl zone, as identified in our 2011 soil sampling program."
About Frasergold project
The Frasergold project, optioned from Eureka Resources, is located in the Cariboo gold camp, situated in the historic Quesnel Trough area of central British Columbia with a long history of continued exploration since the 1970s. A combination of quartz veins and knotted phyllites host gold mineralization containing coarse free gold and finer-grained sulphide-bearing gold. Previous operators identified a 12-kilometre belt of gold mineralization on the property through drilling, soil sampling, induced polarization geophysical surveys and surface exploration.
A prior National Instrument 43-101-compliant resource was completed in November, 2009 -- "Report on the 2007 and 2008 Drill Programs on the Frasergold Project," prepared by K.V. Campbell and G.H. Giroux for Hawthorne Gold Corp. -- of 614,000 ounces of gold measured and indicated, and 1,225,000 ounces of gold inferred at a cut-off of 0.30 g/t gold. The prior resource is a historical estimate and a qualified person for the company has not done sufficient work to classify the historical estimate as a current mineral resource. As a result the historical estimate is not being treated as a current mineral resource and is not to be relied upon.
Teslin has the right to earn a 51-per-cent interest in the Frasergold project by spending $3.55-million on the property and providing payments to Eureka totalling $200,000 over a three-year period. An additional 24-per-cent interest (totalling 75 per cent) can be earned by completing a feasibility study.
Dr. Michael Hitch, PEng, PGeo, is a qualified person pursuant to NI 43-101, and has approved the contents of this release.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:TLR-1969619…
Resinco shareholders re-elect five-member board
2012-06-12 19:51 ET - News Release
Mr. John Icke reports
Resinco Capital Partners Inc. Announces Results of Annual and Special Meeting of Shareholders
Resinco Capital Partners Inc.'s shareholders voted in favour of all resolutions brought before them at the company's annual general and special meeting of shareholders held today in Vancouver.
Hein Poulus, John Icke, Alexander Poulus, Ronald Shorr and Michael Hitch were re-elected to the company's board of directors for the ensuing year, and PricewaterhouseCoopers LLP was reappointed as the company's auditor for the 2012 fiscal year. Shareholders approved Resinco's 2012 rolling incentive stock option plan and also approved the ratification of prior grants of options to purchase an aggregate of 5.14 million common shares. Finally, shareholder approval was received for a consolidation of Resinco's issued and outstanding common shares, at the discretion of the company's directors, on the basis of one postconsolidation common share for every three preconsolidation common shares issued and outstanding.
Resinco also has granted options to buy 130,000 shares to employees and consultants of the company at a price of four cents per share for the next five years.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:RIN-1969064…
2012-06-12 19:51 ET - News Release
Mr. John Icke reports
Resinco Capital Partners Inc. Announces Results of Annual and Special Meeting of Shareholders
Resinco Capital Partners Inc.'s shareholders voted in favour of all resolutions brought before them at the company's annual general and special meeting of shareholders held today in Vancouver.
Hein Poulus, John Icke, Alexander Poulus, Ronald Shorr and Michael Hitch were re-elected to the company's board of directors for the ensuing year, and PricewaterhouseCoopers LLP was reappointed as the company's auditor for the 2012 fiscal year. Shareholders approved Resinco's 2012 rolling incentive stock option plan and also approved the ratification of prior grants of options to purchase an aggregate of 5.14 million common shares. Finally, shareholder approval was received for a consolidation of Resinco's issued and outstanding common shares, at the discretion of the company's directors, on the basis of one postconsolidation common share for every three preconsolidation common shares issued and outstanding.
Resinco also has granted options to buy 130,000 shares to employees and consultants of the company at a price of four cents per share for the next five years.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:RIN-1969064…
Uranium Energy Corp Reports Fiscal 2012 Q3 Production Results and Provides Operations Update
Canada NewsWire
CORPUS CHRISTI, TX, June 11, 2012
NYSE MKT Equities Exchange Symbol - UEC
CORPUS CHRISTI, TX, June 11, 2012 /CNW/ - Uranium Energy Corp (NYSE MKT: UEC, the "Company") is pleased to report financial and production results for the third quarter ended April 30, 2012. Major third quarter highlights include the following:
-Cumulative Production and Sales to Date: Cumulative production to date totals 273,000 pounds of U3O8 produced from Palangana at an average cash cost(1) of $18 per pound. Of the 273,000 pounds produced, the Company has sold 120,000 pounds at an average price of $52 per pound generating revenues of $6.2 million, and has 153,000 pounds available for sale in inventory with a market value of approximately $7.9 million;
-Production Results for the Quarter: Production from Palangana totaled 34,000 pounds and the Hobson facility processed 37,000 pounds of U3O8. Total cash costs(1) of production were stable with the prior quarter. During the nine months ended April 30, 2012, total production was 139,000 pounds of U3O8 at an average cash cost(1) of $22 per pound;
-Palangana's Production Area-2 Commenced Operations on Schedule in Late March 2012: Recompletion of existing wells at PA-1 and new well additions from PA-2 have contributed to production stabilization. Palangana production for May was more than 16,000 pounds of U3O8;
-Completion of Equity Financing: Despite a challenging equity capital market environment, the Company closed an over-allotted public offering of its shares for gross proceeds of $22.5 million at a price of $3.60 per share. These funds enable the Company to expand and expedite its Texas growth strategy in terms of new projects, resources and prospective production;
- Additional Projects Acquired in South Texas: The Company acquired the rights to explore for uranium on the highly-prospective Burke Hollow Project in Bee County. Subsequent to April 30, 2012, the Company initiated its first drilling program at Burke Hollow. The Company also acquired the rights to explore for uranium on the Channen Project in Goliad County. Both projects are within 50 miles of the Hobson processing facility;
[...]
http://www.stockwatch.com/News/Item.aspx?bid=U-C7589-U%3aUEC…
Canada NewsWire
CORPUS CHRISTI, TX, June 11, 2012
NYSE MKT Equities Exchange Symbol - UEC
CORPUS CHRISTI, TX, June 11, 2012 /CNW/ - Uranium Energy Corp (NYSE MKT: UEC, the "Company") is pleased to report financial and production results for the third quarter ended April 30, 2012. Major third quarter highlights include the following:
-Cumulative Production and Sales to Date: Cumulative production to date totals 273,000 pounds of U3O8 produced from Palangana at an average cash cost(1) of $18 per pound. Of the 273,000 pounds produced, the Company has sold 120,000 pounds at an average price of $52 per pound generating revenues of $6.2 million, and has 153,000 pounds available for sale in inventory with a market value of approximately $7.9 million;
-Production Results for the Quarter: Production from Palangana totaled 34,000 pounds and the Hobson facility processed 37,000 pounds of U3O8. Total cash costs(1) of production were stable with the prior quarter. During the nine months ended April 30, 2012, total production was 139,000 pounds of U3O8 at an average cash cost(1) of $22 per pound;
-Palangana's Production Area-2 Commenced Operations on Schedule in Late March 2012: Recompletion of existing wells at PA-1 and new well additions from PA-2 have contributed to production stabilization. Palangana production for May was more than 16,000 pounds of U3O8;
-Completion of Equity Financing: Despite a challenging equity capital market environment, the Company closed an over-allotted public offering of its shares for gross proceeds of $22.5 million at a price of $3.60 per share. These funds enable the Company to expand and expedite its Texas growth strategy in terms of new projects, resources and prospective production;
- Additional Projects Acquired in South Texas: The Company acquired the rights to explore for uranium on the highly-prospective Burke Hollow Project in Bee County. Subsequent to April 30, 2012, the Company initiated its first drilling program at Burke Hollow. The Company also acquired the rights to explore for uranium on the Channen Project in Goliad County. Both projects are within 50 miles of the Hobson processing facility;
[...]
http://www.stockwatch.com/News/Item.aspx?bid=U-C7589-U%3aUEC…
Woulfe Mining to start Sangdong production in 2013
2012-06-07 08:38 ET - News Release
Mr. Brian Wesson reports
WOULFE MINING FUNDING ON TRACK
Woulfe Mining Corp. is on track to bring the Sangdong mine into production in 2013. As reported the company suffered delays in delivering the feasibility study by moving metallurgical test work to China. This delay in completing the feasibility resulted in a late start for International Metalworking Companies B.V. to work through the due diligence. The IMC definitive agreements require 60 days from feasibility report to complete due diligence, followed by 60 days to finalize and funds to flow. The delays mean that the $35-million equity investment could come into the Sangdong Mining Corp. Korea as late as the end of August, 2012.
The company is working to make up the time lost by changing the design of the mine access, expanding the existing access to five by five will save money and time to get to production. The access tunnel will begin in early July, 2013. At the same time we will purchase the land from the county which will enable the construction to commence.
As announced on June 6, 2012, Woulfe has arranged a brokered offering of $20-million in principal amount of convertible unsecured senior debentures with a syndicate of agents led by Euro Pacific Canada Inc. as sole bookrunner and co-led with Byron Capital Markets Ltd.
Brian Wesson, chief executive officer and president of Woulfe Mining, said: "This funding was required to keep the project on track for production in 2013 and allow the time for the strategic and debt funding in the subsidiary to be concluded. The convertible debt strengthens the treasury and allows the company to move forward on Sangdong maintaining the momentum and getting to cash flow as quick as possible which is the most important objective of the company. We have provision to buy back 30 per cent of the notes and once the company is in production with strong cash flow we could buy back stock. As funds become available to secure against the volatile world and move to production we remove a huge amount of risk for our shareholders."
The company is in advanced discussions with international and domestic Korean banks for a project debt facility of $80-million (U.S.) to $110-million (U.S.). Indicative term sheets have been received for debt suggesting very competitive interest rates. Indications are that the banks are comfortable with the Sangdong project and it is expected that the debt package will be closed about the same time as the strategic deal is finalized. Woulfe anticipates banks moving to complete due diligence in the next 60 days.
We seek Safe Harbor.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:WOF-1967989…
Woulfe Mining arranges $20-million debenture financing
2012-06-06 16:10 ET - News Release
Mr. Brian Wesson reports
WOULFE MINING ANNOUNCES $20 MILLION CONVERTIBLE DEBT OFFERING
Woulfe Mining Corp. has arranged a brokered public offering on a commercially reasonable best-efforts basis of $20-million in principal amount of convertible unsecured senior debentures at a price of $1,000 per debenture and having an interest rate of 10 per cent per year, with interest payable quarterly in arrears on the last day of March, June, September and December. The debentures will mature and be repayable on June 30, 2017.
Each $1,000 principal amount of the debentures will be convertible at the option of the holder into 3,509 common shares of Woulfe, representing a conversion price of 28.5 cents per share.
Each $1,000 debenture shall also include 714 common share purchase warrants of the company. Each warrant shall entitle the holder thereof to acquire one common share of the company at a price of 35 cents per common share for a period of 24 months from the closing of the offering.
The offering is being made through a syndicate of agents led by Euro Pacific Canada Inc. as sole bookrunner and co-led with Byron Capital Markets Ltd.
The company shall have the option to redeem up to a total of $7.5-million of the debentures, on a pro rata basis, by paying 110 per cent of the face value plus accrued interest of the debentures redeemed.
The company has also granted the agents an option to distribute up to $3-million principal amount of additional debentures at a price of $1,000 per debenture to cover overallotments, exercisable in whole or in part any time up to 30 days following closing of the offering.
The company intends to use the net proceeds of the offering for the ordering of long-lead-time capital equipment items and advancement of its mineral properties, including the Sangdong tungsten project, and for general corporate purposes. The closure of the offering will enable the company to maintain its momentum toward opening the Sangdong tungsten mine in South Korea as scheduled in 2013.
The offering is subject to normal regulatory approvals, including approval of the TSX Venture Exchange.
Brian Wesson, president and chief executive officer of the company, commented: "Securing this offering enables the company to maintain, if not accelerate, its aggressive business development program. Over the course of the remainder of 2012, there will be many objectives we have to deliver in order to open the Sangdong tungsten mine, and having funds available on the balance sheet ready to be deployed is a positive endorsement of our plan."
We seek Safe Harbor.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:WOF-1967795…
Uranium Energy Corp Announces Board and Advisory Board Appointments
Canada NewsWire
CORPUS CHRISTI, TX, June 7, 2012
NYSE MKT Equities Exchange Symbol - UEC
CORPUS CHRISTI, TX, June 7, 2012 /CNW/ - Uranium Energy Corp (NYSE MKT: UEC, the "Company") is pleased to announce the appointment of Katharine Armstrong to the Company's Board of Directors (the "Board") effective June 1, 2012. In addition, the Company announces that Erik Essiger has resigned from the Board, having served as a member since 2006, and will now serve as a member of the Company's Advisory Board and as a consultant.
Ms. Armstrong is a fifth-generation Texan raised on her family's South Texas cattle ranch. She is the past Chairman of the Texas Parks and Wildlife Commission and is very active in land stewardship initiatives across Texas and the U.S.
Amir Adnani, CEO and President, stated: "We are pleased to welcome Katharine to the Board. She has served on the Company's Advisory Board for the last 2-1/2 years, and her appointment to the Board enables us to draw further upon her business expertise and leadership in environmental stewardship. The Company is grateful to Erik for having served as a valuable member of the UEC Board. Moving forward, his responsibilities are increasing in many respects, and we are pleased to continue to access his expertise and relationships in Europe and the Middle East."
In accepting the appointment to the Board, Ms. Armstrong said, "I'm honored to join UEC as a Board member and look forward to assisting in directing the Company's growth as a leader in the uranium industry. The Company's impressive operations and development properties, coupled with the significant management and technical team, are providing the means to continue our growth. I look forward to helping guide the Company's path for success."
Ms. Armstrong serves as Co-Chair of the South Texas Native Restoration Project at Texas A&M Kingsville and as Chair of the Armstrong Center for Energy and the Environment at the Texas Public Policy Foundation. She is also a director of the Texas Wildlife Association, the Texas and Southwestern Cattle Raisers Association and the Texas Wildlife Association.
Ms. Armstrong currently serves as a director and the Chair of the compensation committee of SJW Corp., the NYSE-listed parent company of San Jose Water Company and Texas Water Alliance Limited. She also currently serves on the Advisory Board of the Harte Research Institute for Gulf of Mexico Studies at Texas A&M Corpus Christi. She is also a Founding Director of Taking Care of Texas, a statewide non-profit organization that promotes the mutual benefits of economics and conservation. She is an outdoors enthusiast and the mother of three children.
[...]
http://www.stockwatch.com/News/Item.aspx?bid=U-C6757-U%3aUEC…
2012-06-07 08:38 ET - News Release
Mr. Brian Wesson reports
WOULFE MINING FUNDING ON TRACK
Woulfe Mining Corp. is on track to bring the Sangdong mine into production in 2013. As reported the company suffered delays in delivering the feasibility study by moving metallurgical test work to China. This delay in completing the feasibility resulted in a late start for International Metalworking Companies B.V. to work through the due diligence. The IMC definitive agreements require 60 days from feasibility report to complete due diligence, followed by 60 days to finalize and funds to flow. The delays mean that the $35-million equity investment could come into the Sangdong Mining Corp. Korea as late as the end of August, 2012.
The company is working to make up the time lost by changing the design of the mine access, expanding the existing access to five by five will save money and time to get to production. The access tunnel will begin in early July, 2013. At the same time we will purchase the land from the county which will enable the construction to commence.
As announced on June 6, 2012, Woulfe has arranged a brokered offering of $20-million in principal amount of convertible unsecured senior debentures with a syndicate of agents led by Euro Pacific Canada Inc. as sole bookrunner and co-led with Byron Capital Markets Ltd.
Brian Wesson, chief executive officer and president of Woulfe Mining, said: "This funding was required to keep the project on track for production in 2013 and allow the time for the strategic and debt funding in the subsidiary to be concluded. The convertible debt strengthens the treasury and allows the company to move forward on Sangdong maintaining the momentum and getting to cash flow as quick as possible which is the most important objective of the company. We have provision to buy back 30 per cent of the notes and once the company is in production with strong cash flow we could buy back stock. As funds become available to secure against the volatile world and move to production we remove a huge amount of risk for our shareholders."
The company is in advanced discussions with international and domestic Korean banks for a project debt facility of $80-million (U.S.) to $110-million (U.S.). Indicative term sheets have been received for debt suggesting very competitive interest rates. Indications are that the banks are comfortable with the Sangdong project and it is expected that the debt package will be closed about the same time as the strategic deal is finalized. Woulfe anticipates banks moving to complete due diligence in the next 60 days.
We seek Safe Harbor.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:WOF-1967989…
Woulfe Mining arranges $20-million debenture financing
2012-06-06 16:10 ET - News Release
Mr. Brian Wesson reports
WOULFE MINING ANNOUNCES $20 MILLION CONVERTIBLE DEBT OFFERING
Woulfe Mining Corp. has arranged a brokered public offering on a commercially reasonable best-efforts basis of $20-million in principal amount of convertible unsecured senior debentures at a price of $1,000 per debenture and having an interest rate of 10 per cent per year, with interest payable quarterly in arrears on the last day of March, June, September and December. The debentures will mature and be repayable on June 30, 2017.
Each $1,000 principal amount of the debentures will be convertible at the option of the holder into 3,509 common shares of Woulfe, representing a conversion price of 28.5 cents per share.
Each $1,000 debenture shall also include 714 common share purchase warrants of the company. Each warrant shall entitle the holder thereof to acquire one common share of the company at a price of 35 cents per common share for a period of 24 months from the closing of the offering.
The offering is being made through a syndicate of agents led by Euro Pacific Canada Inc. as sole bookrunner and co-led with Byron Capital Markets Ltd.
The company shall have the option to redeem up to a total of $7.5-million of the debentures, on a pro rata basis, by paying 110 per cent of the face value plus accrued interest of the debentures redeemed.
The company has also granted the agents an option to distribute up to $3-million principal amount of additional debentures at a price of $1,000 per debenture to cover overallotments, exercisable in whole or in part any time up to 30 days following closing of the offering.
The company intends to use the net proceeds of the offering for the ordering of long-lead-time capital equipment items and advancement of its mineral properties, including the Sangdong tungsten project, and for general corporate purposes. The closure of the offering will enable the company to maintain its momentum toward opening the Sangdong tungsten mine in South Korea as scheduled in 2013.
The offering is subject to normal regulatory approvals, including approval of the TSX Venture Exchange.
Brian Wesson, president and chief executive officer of the company, commented: "Securing this offering enables the company to maintain, if not accelerate, its aggressive business development program. Over the course of the remainder of 2012, there will be many objectives we have to deliver in order to open the Sangdong tungsten mine, and having funds available on the balance sheet ready to be deployed is a positive endorsement of our plan."
We seek Safe Harbor.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:WOF-1967795…
Uranium Energy Corp Announces Board and Advisory Board Appointments
Canada NewsWire
CORPUS CHRISTI, TX, June 7, 2012
NYSE MKT Equities Exchange Symbol - UEC
CORPUS CHRISTI, TX, June 7, 2012 /CNW/ - Uranium Energy Corp (NYSE MKT: UEC, the "Company") is pleased to announce the appointment of Katharine Armstrong to the Company's Board of Directors (the "Board") effective June 1, 2012. In addition, the Company announces that Erik Essiger has resigned from the Board, having served as a member since 2006, and will now serve as a member of the Company's Advisory Board and as a consultant.
Ms. Armstrong is a fifth-generation Texan raised on her family's South Texas cattle ranch. She is the past Chairman of the Texas Parks and Wildlife Commission and is very active in land stewardship initiatives across Texas and the U.S.
Amir Adnani, CEO and President, stated: "We are pleased to welcome Katharine to the Board. She has served on the Company's Advisory Board for the last 2-1/2 years, and her appointment to the Board enables us to draw further upon her business expertise and leadership in environmental stewardship. The Company is grateful to Erik for having served as a valuable member of the UEC Board. Moving forward, his responsibilities are increasing in many respects, and we are pleased to continue to access his expertise and relationships in Europe and the Middle East."
In accepting the appointment to the Board, Ms. Armstrong said, "I'm honored to join UEC as a Board member and look forward to assisting in directing the Company's growth as a leader in the uranium industry. The Company's impressive operations and development properties, coupled with the significant management and technical team, are providing the means to continue our growth. I look forward to helping guide the Company's path for success."
Ms. Armstrong serves as Co-Chair of the South Texas Native Restoration Project at Texas A&M Kingsville and as Chair of the Armstrong Center for Energy and the Environment at the Texas Public Policy Foundation. She is also a director of the Texas Wildlife Association, the Texas and Southwestern Cattle Raisers Association and the Texas Wildlife Association.
Ms. Armstrong currently serves as a director and the Chair of the compensation committee of SJW Corp., the NYSE-listed parent company of San Jose Water Company and Texas Water Alliance Limited. She also currently serves on the Advisory Board of the Harte Research Institute for Gulf of Mexico Studies at Texas A&M Corpus Christi. She is also a Founding Director of Taking Care of Texas, a statewide non-profit organization that promotes the mutual benefits of economics and conservation. She is an outdoors enthusiast and the mother of three children.
[...]
http://www.stockwatch.com/News/Item.aspx?bid=U-C6757-U%3aUEC…
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