Shares issued: 74,042,737
Warrants: 31,895,843
Options: 5,849,250
Fully Diluted: 111,787,830
Cash position: approx. $23 million
check their web site info: http://www.raytecmetals.com/news/
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
RAYMF,I think we will like this coming week !! things are happening !!
RAYMF/RAY CANADIAN,traded 5.1mil.canadian,17,000shares u.s., up/12.5% as RAYMF!! !!!!!
Raytec Signs Farm-in Letter of Intent With Africa Oil
On Thursday May 28, 2009, 2:26 pm EDT
http://finance.yahoo.com/news/Raytec-Signs-Farmin-Letter-of-iw-15373381.html
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--May 28, 2009 -- Raytec Metals Corp. (the "Company" or "Raytec") (CDNX:RAY.V - News) is pleased to announce the signing of a farm-in letter of intent with Africa Oil Corp. ("Africa Oil") for entry into the production sharing contracts in both the State of Puntland, Somalia and the Republic of Kenya.
Africa Oil is a member of the Lundin Group of Companies. Its management team is comprised of key personnel from Tanganyika Oil Company Ltd. which successfully developed a major heavy oil deposit in Syria and recently sold the company to Sinopec for $2 billion ($31.50 per share). In business for over three decades, the Lundins are leaders in identifying superior global investment opportunities in the natural resource sector. The Lundins recognize value and opportunity long before most others and their uninhibited pursuit of highly prospective properties has led to the development of several world-class ore deposits and oil and gas fields.
In Puntland, Somalia, Africa Oil will transfer a 25% (twenty-five percent) license interest to Raytec in the Nogal and Dharoor Petroleum Production Sharing Agreements. The Nogal and Dharoor blocks encompass two highly prospective hydrocarbon basins and cover an area of 81,000 square kilometres or more than 20 million acres. The Nogal and Dharoor basins are considered world-class exploration plays with a petroleum system geologically similar to and formerly contiguous with those in the prolific oil producing Republic of Yemen which has estimated reserves of over 6 billion barrels.
In Kenya, Africa Oil will transfer a 10% (ten percent) interest in the Block 9 Production Sharing Agreement and a 25% (twenty-five percent) license interest in its other interests in Kenya. In Kenya, Africa Oil holds a highly prospective land package including over 10 million acres in the Anza Basin. The Anza Basin is an extension of the major Sudan oil trend and a continuation of the Muglad Basin which has over 6 billion barrels of proven reserves and currently produces in excess of 450,000 barrels of oil per day.
The terms of the farm-in and the schedule of the work programs to be carried out in 2009 and 2010 will be made available once the Letter of Intent has been finalized into a Formal Agreement.
A finder's fee is payable on the transaction to Lockwood Financial Ltd. in consideration of introducing the parties to each other and facilitating the transaction.
Brian Thurston, President of Raytec, commented, "I am pleased to announce this strategic transaction and welcome the opportunity to partner with one of the most respected names in the resource industry. The Lundin Group has been directly involved in the discovery and development of several major oil fields which has resulted in the creation of enormous value for their shareholders. The Lundin Group of Companies currently operates in over thirty different countries worldwide in the oil and gas sector as well as the mining sector. The Group has been highly commended by local communities and governments over the years for their efforts in developing a set of protocols that ensure issues of environmental and cultural concern are addressed as well as economic benefits and employment opportunities."
Management and the directors of the Company would like to take this opportunity to thank Raytec shareholders for their continued support during the past several months while the Company focused on strategic partnering and acquisition opportunities. Management is currently dedicated to sourcing a strategic partner to advance its very prospective potash properties.
In conjunction with the Africa Oil transaction, Raytec Metals Corp. has arranged a private placement for a total of up to 10 million units at a price of $0.30 per unit for total gross proceeds of up to $3-million. Each unit will consist of one common share and one non-transferable common share purchase warrant. Each warrant will entitle the holder to subscribe for one additional common share at a price of $0.50 for a period of two years from the date of closing.
In consideration of its efforts, the finder of the financing will be paid a finder's fee of 5 per cent of the total proceeds raised under the offering payable in cash upon closing. In addition, the finder will receive warrants equal to 5 per cent of the offering. Each warrant will be exercisable into one common share of the Company for a period of two years from the date of closing at $0.50 per share.
The funds raised from the issuance of the units will be used for the advancement of the Company's interest in the Africa Oil licenses and for general working capital purposes.
This farm-in transaction is subject to TSX Venture Exchange acceptance, as well as approvals of the appropriate regulatory authorities from the Republic of Kenya and the Government of Puntland, Somalia. The private placement is also subject to TSX Venture Exchange approval.
About Raytec:
Raytec Metals Corp. is a well-financed, Canadian exploration company with over 180,000 acres of potash permits in Saskatchewan, Canada - the largest producing region for potash in the world. The Company holds approximately a 20 per cent interest in Sulphur Solutions Inc., an emerging fertilizer company developing state-of-the-art patented technology for the production of micronized sulphur fertilizer. The Company is further diversified with iron ore projects in Ontario, and uranium joint venture projects in the Athabasca Basin of Saskatchewan.
About Africa Oil:
Africa Oil Corp. is an oil and gas company with assets in Kenya, Somalia and Ethiopia. Africa Oil's East African holdings are in what is considered a truly world-class exploration play fairway. Africa Oil's total gross land package in this prolific region is in excess of 200,000 square kilometers - an area roughly the size of Great Britain. The East African Rift Basin system is one of the last of the great rift basins to be explored. New discoveries have been announced on all sides of Africa Oil's virtually unexplored land position including the major Heritage/Tullow Albert Graben oil discovery in neighbouring Uganda. Similar to the Albert Graben play model, Africa Oil's concessions have older wells, a legacy database, and host numerous oil seeps indicating a proven petroleum system. Good quality existing seismic show robust leads and prospects throughout Africa Oil's project areas. Africa Oil is listed on the TSX Venture Exchange under the symbol "AOI".
On behalf of the Board,
RAYTEC METALS CORP.
Brian Thurston, President and CEO
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling, exploration activities and events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements in this news release include statements regarding the Offering (including the anticipated closing date) and future exploration plans and expenditures. Although, the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration and exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These statements are based on a number of assumptions, including among others, assumptions regarding general business and economic conditions, the timing and receipt of regulatory and governmental approvals for the transactions described herein, the ability of the Company and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for the Company's proposed transactions and programs on reasonable terms, and the ability of third-party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected on the forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.
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 news release.
Contact:
Contacts:
Raytec Metals Corp.
Brian Thurston
President and CEO
604 688 6410
604 688 6402 (FAX)
http://www.raytecmetals.com
latest news on developments
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April 30, 2009, Vancouver, BC – Raytec Metals Corp. (the “Company “or “Raytec”) (TSX.V – RAY) announces that it has increased its stake to 20% of the issued and outstanding Common Shares in Sulphur Solutions Inc. (“SSI”), a privately held company based in Calgary, Alberta. The original agreement with SSI provided Raytec with a right of first refusal to participate in future SSI financings. Raytec has been encouraged by SSI’s recent progress towards production and has elected to exercise its right by making an additional investment of $740,000.
SSI, a fertilizer company developing state-of-the-art patented technology for the production of micronized sulphur fertilizer, has moved closer to production by signing a Letter of Intent with a mid-stream gas producer which operates a permitted site that includes an accessible sulphur supply. When completed this agreement will allow SSI to take advantage of existing permits for sulphur storage and handling, as well as reduced operating costs associated with transportation to off-site processing facilities. SSI management has also identified prospective customers (domestic and international) and is presently in the process of negotiating off-take agreements for SSI's anticipated sulphur fertilizer production.
About Raytec:
Raytec Metals Corp. is a well-financed Canadian exploration company focused on the acquisition of near-term precious metals assets. The Company holds over 180,000 acres of potash permits in Saskatchewan, Canada – the largest producing region for potash in the world. The Company also holds a 20% interest in Sulphur Solutions Inc., an emerging fertilizer company developing state-of-the-art patented technology for the production of micronized sulphur fertilizer. The Company is further diversified with iron ore projects in Ontario, and uranium joint venture projects in the Athabasca Basin of Saskatchewan.
shares structure quick reference !!! and cash position!!!
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old info 2 years old, check new below
Shares issued: 74,042,737
Warrants: 31,895,843
Options: 5,849,250
Fully Diluted: 111,787,830
Cash position: $23 million
check their web site info: http://www.raytecmetals.com/news/
.......
new info , almost no change in 2 years , share count still same !!!!!!! cash changed a little !!! no dilution !!!!!
Shares issued: 74,042,737
Warrants: 31,895,843
Options: 5,849,250
Fully Diluted: 111,787,830
Cash position: $21 million
RAYMF,you get a commodity bonus with uranium and more here maybe that iron ore !!! with 21mil.dollars on hand , something will pop one of these days !!!
hmmm, welcome?
tha's a lot of dough.
re;
RAYMF,this co.has excess cash position , 21mil.dollars and 70mil. total shares outstanding , sh/pr should be _much higher !!!
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>>I am now; bought 10,000 shares.
My investment goal is to have commodities and what my portfolio lacked was potash. Not anymore.
If you need an assistant to put up a chart in your iBox, add me.
sumi
RAYMF,this co.has excess cash position , 21mil.dollars and 70mil. total shares outstanding , sh/pr should be _much higher !!!
---------
i see, thank you for info.
i'll check'em out.
http://www.raytecmetals.com/news/index.php?&content_id=75 http://www.raytecmetals.com/news/index.php?&content_id=76 http://www.raytecmetals.com/news/index.php?&content_id=77 http://www.raytecmetals.com/news/index.php?&content_id=78 http://www.raytecmetals.com/news/index.php?&content_id=79 http://www.raytecmetals.com/news/index.php?&content_id=80
RAYMF,these recent news items,it's gonna run for awhile I think !!!
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http://www.raytecmetals.com/news/index.php?&content_id=75 --
http://www.raytecmetals.com/news/index.php?&content_id=76 ---
http://www.raytecmetals.com/news/index.php?&content_id=77 ---
http://www.raytecmetals.com/news/index.php?&content_id=78 ---
http://www.raytecmetals.com/news/index.php?&content_id=79 ---
http://www.raytecmetals.com/news/index.php?&content_id=80 ---
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APR 30, 2009
Raytec Increases Ownership In Sulphur Solutions - Raytec Metals Corp. (the “Company “or “Raytec”) (TSX.V – RAY) announces that it has increased its stake to 20% of the issued and outstanding Common Shares in Sulphur Solutions Inc. (“SSI”), a privately held company based in Calgary, Alberta.
Raytec Metals Corp (Tier2) (RAY)
▲ $ 0.29 Change: 0.02 (7.41%)
Volume: 1,034,600 11:52:12 EDT May-22-09
have you been following any i have messages on?
hi doinit, any thing new for us?
pm if you like to.
sumisu,are you still following RAY ?? it's been moving some for awhile slow but steady !!!
RAYMF,this board and this stock are sure quiet !!
RAYMF/U.S.--RAY/CANADIAN, heavy trading today up north, 973,000sh traded on canadian exchange and 17,000sh traded u.s. , the canadian trading was 3x average , is something happening ???
the latest news here is old , a capital reorganization !!!
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http://www.raytecmetals.com/news/index.php?&content_id=76
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RAY,canada,or RAYMF/u.s.,one day a pr will rock pps,insiders have options to buy at 0.30cents, !!!!!!!!!!!!!
RAYMF,stock structure update , cash position of $23mil.w/no,debt, is share price .31cents for cash alone !!!!! should be much higher sh/price !!!!
Shares issued: 74,042,737
Warrants: 31,895,843
Options: 5,849,250
Fully Diluted: 111,787,830
Cash position: $23 million
hi doinit, Raytec Metals Corp Ord (OTC) (RAYMF)◊$0.147Change:- (-%)Volume:---
Bid (USD) Ask (USD) P/E EPS P/S
- - - - -
Volume Avg Volume Mkt Cap Outstanding Float
- - $ - - -
Prev Cls Open Dividend Dividend Yield
0.147 - $ - -%
Day's Range 52-wk Range Ex-Dividend Date Dividend Date
- - - -
RAYMF,latest news,Dec29th---SHAREHOLDER RIGHTS
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Raytec Metals Corp. Adopts Shareholder Rights Plan
December 29, 2008, Vancouver, BC – Raytec Metals Corp. (the “Company”) (TSX.V – RAY) reports that its Board of Directors has implemented a Shareholder Rights Plan Agreement (the "Rights Plan").
The Rights Plan has been adopted by the Board of Directors to ensure the fair treatment of shareholders in connection with any take-over offer for the Corporation, and to provide the Board of Directors and shareholders with additional time to fully consider any unsolicited take-over bid. The Rights Plan will also provide the Board of Directors more time to pursue, if appropriate, other alternatives to maximize shareholder value. The Rights Plan is not designed to prevent takeover bids that treat Raytec shareholders fairly.
Pursuant to the terms of the Rights Plan, any bid that meets certain criteria intended to protect the interests of all shareholders is deemed to be a permitted bid. A permitted bid must be made by way of a takeover bid circular prepared in compliance with applicable securities laws and, in addition to certain other conditions, must remain open for 75 days. In the event a takeover bid does not meet the permitted bid requirements of the Rights Plan, the rights issued under the plan will entitle shareholders, other than any shareholder or shareholders involved in the takeover bid, to purchase additional common shares of Raytec at a significant discount to the market price of the common shares at that time.
The Rights Plan was not adopted in response to, or in anticipation of, any specific takeover bid or proposal to acquire control of the Company, and is subject to acceptance by the TSX.V.
About Raytec:
Raytec Metals Corp. is a well-financed, dynamic Canadian exploration company focused on the exploration and commercialization of over 180,000 acres of potash permits in Saskatchewan, Canada – the largest producing region for potash in the world. The Company holds a 15 per cent interest in Sulphur Solutions Inc., an emerging fertilizer company developing state-of-the-art patented technology for the production of micronized sulphur fertilizer. The Company is further diversified with iron ore projects in Ontario, and uranium joint venture projects in the Athabasca Basin of Saskatchewan.
RAYMF, STARTING TO CATCH UP MICK,good things coming !!!
RAYMF, tremendous potential here, once news pr's start coming and awareness , this is very good imo !!!!!
hi doinit, good afternoon. surfing some.
RAYMF, I'm here allalone and this stock is gonna' run !! imo of course !!!
RAYMF, nice jump before the close on Friday , this week should be a turn around !!!
RAYMF, gotta like this cash position, almost .50cents/per/share and trading at a dime !!! it's down and ready for recovery os sh/pr !!!! o/s 69mil./sh. and A/S only 106mil.sh.
Shares issued: 69,096,204
Warrants: 31,895,843
Options: 5,849,250
Fully Diluted: 106,841,297
Cash position: $28 million
news update in ibox, latest news nov.6th2008
hey mod's, why doesn't someone put some co. info in the ibox , it's really lacking !!! GLTYA !!!
Raytec Makes Strategic Investment in Sulphur Solutions Inc., Adds Director
VANCOUVER, BC (TSX-V: RAY) (FRANKFURT: XZT) (PINKSHEETS: RAYMF) is pleased to announce the strategic acquisition of a 15% interest in Sulphur Solutions Inc. (SSI), a privately held Alberta Company.
Sulphur Solutions Inc. is an emerging fertilizer company developing a state-of-the-art, patented technology for the production of micronized sulphur from elemental sulphur (a byproduct of gas production activities).
The micronized sulphur is then processed into a premium fertilizer product branded Rapid Release. Rapid Release has been designed to be highly dispersible into an optimum particle size for effective time-release sulphate production throughout the season of application, designed to address general soil sulphur deficiencies and improve nutrient plant availability.
Located in Calgary, Alberta, SSI plans to introduce multiple elemental sulphur processing and sulphur fertilizer production plants over the next few years. The facilities will be portable and located at the site of elemental sulphur production to take advantage of reduced operating costs associated with transporting the sulphur to an off-site processing facility and existing permits for sulphur storage and handling.
SSI's president, Mr. Richard Knoll, has been working with sulphur for the past 10 years and is of the belief that the continuous increasing global demand for food, fiber, and various other agricultural commodities is not sustainable without replenishment of plant nutrients in a reasonably balanced manner. "That includes sulphur," says Knoll. Coinciding with this investment by Raytec, Mr. Knoll has agreed to join the Board of Directors of Raytec Metals.
Mr. Jim Beaton, SSI's agronomic advisor, states, "Fortunately, the need for and implementation of balanced fertilization have received much greater attention in recent years due largely to education by various fertilizer industry organizations. The balance between nitrogen and sulphur is particularly important since the full benefit of one is dependent upon an ample supply of the other." Based on nitrogen demand alone, SSI believes there is ample market for a sulphur product like Rapid Release. The International Fertilizer Industry Association's forecast of world demand for fertilizer nitrogen in 2008 is 101,760,000 tonnes with an estimated increase to 107,000,000 tonnes by 2011. Assuming a nitrogen to sulphur ratio of 12 to1 is required by most crops, the global fertilizer sulphur requirement in 2008 is estimated to be 8,480,000 tonnes, increasing to 8,917,000 tonnes by 2011.
Cost of the acquisition is a total of C$1.5 million payable on or before September 12th, 2008 upon certain milestones being reached. The agreement also provides Raytec with the first right of refusal to participate in future private financings and that right is transferable.
On behalf of the Board,
RAYTEC METALS CORP.
Brian Thurston, President
sumisu: Tremendous day today for Raytec Metals. Probably some profit-taking tomorrow but the future for this company with the resources now proven appear very good. Very glad to be on board here and the only thing green in my portfolio today. Happy trading! Finished at $1.43 today. Good luck to all Raytec holders. Trader.
Raytec Announces NI43-101 Potash Resource
Tuesday June 10, 3:05 am ET
http://biz.yahoo.com/iw/080610/0405227.html
VANCOUVER, BC--(MARKET WIRE)--Jun 10, 2008 -- Raytec Metals Corp. (the "Company") (CDNX:RAY.V - News) (Frankfurt:XZT.F - News) (Other OTC:RAYMF.PK - News) is pleased to announce the receipt of resource calculations from the Company's KP441 Potash Disposition Application ("KP441") located in south central Saskatchewan.
KP441 was the Company's first potash acquisition within the Saskatchewan potash basin and accounts for 88,320 acres of the Company's total land package of 291,330 acres under application. After reviewing data from historic drilling on KP441, the Company contracted Agapito Associates, Inc ("Agapito") to prepare a NI43-101 report for the newly acquired KP441 disposition. Agapito is a professional organization of engineers and geologists with over 25 years experience in Mining and Civil Engineering and Geology. Mr. Joseph E. Crawford L.P.G. and Dr. Michael Hardy P.E. are the qualified professionals who co-authored this technical report. Dr. Hardy has been involved with potash exploration, solution mining pilot testing, solution mining engineering studies including feasibility studies, and resource and reserve estimation since 2001. Agapito's client list includes over 180 Mining companies, including Intrepid Mining LLC., Potash One Inc. and Mississippi Potash.
The authors of the Company's NI43-101 technical report were able to obtain data from historic drilling on the KP441 disposition through the Saskatchewan Ministry of Energy and Resources as well as the Saskatchewan Industry and Resources branches. Cores from drilling in the potash rich members of the Prairie Evaporite Formation for Canadian Exploration Ltd. holes 16-6-39 and 16-18-39, were logged, split and assayed, using an appropriate protocol and security, to provide the authors with current data and assay results with which to prepare their report. Using results from both new and historic core assays, the authors were able to prepare a resource estimate for the extreme southwest corner of KP441. The resource estimate contains both an Indicated and Inferred resource for the Lower Patience Lake, the Upper Belle Plain and Lower Belle Plain formations. The potash resource remains open to the north and east of the study area, truncated to the south and west by the limits of the Company's potash lease application boundary.
In summary, the report estimates a total Indicated resource of 148.02 million metric tonnes ("MMT") grading 23.44% K2O and an additional Inferred resource of 229.16 MMT grading 20.40% K2O.
The above noted figures calculate to a total in-place Indicated resource of 34.70 MMT of K2O and a further in-place Inferred resource of 46.76 MMT of K2O. Recoverable in-place potash equivalent tonnes, assuming using standard deductions and an overall recovery of 36% (10% geologic anomaly and expected 40% extraction), are calculated to a net recoverable Indicated resource of 12.49 MMT of K2O and a net recoverable Inferred resource of 16.83 MMT of K2O.
Indicated Mineral Resources and Inferred Mineral Resources have been estimated based on the distance from cored and assayed drill holes using best available practice similar to that adopted by Mosaic at the Belle Plaine operations. The distance from an existing cored and assayed drill hole for inclusion of resource in the inferred and indicated categories is as follows:
-- Indicated Mineral Resource: 1-Mile (1.60 km) radius
-- Inferred Mineral Resource: 5-Mile (8.05 km) radius
The Indicated Mineral Resource and Inferred Mineral Resource has been estimated based on the radius from the cored drill holes, the estimated extent of the beds with grade and thickness greater than estimated cutoff values of 1.1m and 12% K2O, the thickness and grade of the selected mining intervals at the corehole locations, the loss factors for unaccounted geologic anomalies assumed to be 10%, an areal extraction ratio of 40%, and losses incurred by removal of resources in buffer zones.
This resource estimate determined using the Volumetric and Borehole Radius Analysis method, is based on two drill holes approximately 3.2 kilometers apart in the southwest corner of the KP441 disposition. This resource covers an area of approximately 17% of the KP441 disposition or approximately 5% of Raytec's 291,330 acres under application.
While it was not the objective of the NI43-101 report to select a mining method for exploiting the potash contained in the KP441 area, the resource classification was established in part by resources that are amenable to current mining technologies using typical grade values. "For the purpose of delineating potash resources, the Lower Patience Lake, Upper Belle Plaine, and Lower Belle Plaine Submembers are considered to have mining potential," states the report.
A complete copy of the NI43-101 compliant report will be published on the Company's website and on SEDAR shortly.
Carnallite is a hydrated magnesium chloride. It is considered an impurity that can be detrimental to solution mining. An industry threshold for magnesium chloride in plant feed is 1%. The average magnesium chloride content in the KP441 area resource estimate is 0.25% which is within the threshold limit and well below 1%.
"We are very pleased with the results of our current resource estimate. We believe this shows that Raytec has some very prospective potash ground in Saskatchewan. Our goal is to expand our current resources through seismic exploration and drilling of the property. Through my recent conversations with personnel at the Saskatchewan Government Mines Branch I expect to have our permit for KP441 issued in July. Raytec's main focus remains potash and fertilizer commodities," states Raytec president, Mr. Brian Thurston.
In addition, the Company wishes to announce the granting of incentive stock options to its directors, officers, consultants and employees, under its Stock Option Plan, for the purchase of up to 900,000 common shares of the Company for a period of 2 years at a price of $0.80 per share.
Raytec's disclosure of a technical or scientific nature has been reviewed by Wayne J. Roberts, P.Geo, and Director of Raytec, a qualified person under the definition of National Instrument 43-101.
On behalf of the Board, RAYTEC METALS CORP.
Brian Thurston, President, CEO
Cautionary note: This report may contain forward looking statements, particularly those regarding cash flow, capital expenditures and investment plans. Resource estimates, unless specifically noted, are considered speculative. The Company has filed a National Instrument 43-101 report on the Key Lake properties and will be filing a NI 43-101 report on the Company's KP441 Potash Lease Application property. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
Contact:
Contact:
Raytec Metals Corp.
Tel: (604) 669-9330
Fax: (604) 669-9335
--------------------------------------------------------------------------------
Source: Raytec Metals Corp.
BTV-Business Television Features Raytec Metals, Keegan Resources and Astral Mining Plus Analysts Eric Coffin and Jay Taylor
Thursday May 22, 6:00 am ET
View the Features Online Through the Video Links Below
http://biz.yahoo.com/pz/080522/143328.html
VANCOUVER, British Columbia, May 22, 2008 (PRIME NEWSWIRE) -- On May 24th and May 25th, 2008 -- on National TV, BTV-Business Television profiles:
Raytec Metals Corp. (CDNX:RAY.V - News): http://www.b-tv.com/i/videos/Raytec.wmv -- is an integrated exploration company developing Canadian mineral projects in the agriculture sector, with a focus on one of the hottest commodities in 2008 -- potash.
Keegan Resources Inc. (CDNX:KGN.V - News): http://www.b-tv.com/i/videos/KeeganUpdate.wmv -- a junior gold exploration company with gold assets in Ghana, West Africa, recently announced a new gold discovery.
Astral Mining Corp. (CDNX:AST.V - News): http://www.b-tv.com/i/videos/AstralUpdate.wmv -- a junior exploration company focused on identifying high potential gold and silver deposits in friendly districts of North America forms a recent joint venture.
Eric Coffin -- from hard rock analyst http://www.hraadvisory.com gives us his thoughts on potash: http://www.b-tv.com/i/videos/EricCoffinep191.wmv
Jay Taylor -- of http://www.miningstocks.com. shares his take on the potash craze: http://www.b-tv.com/i/videos/JayTaylor1ep191.wmv and gold: http://www.b-tv.com/i/videos/JayTaylor2ep191.wmv
BTV, a half-hour weekly business program, profiles emerging publicly trading companies across Canada and the USA. With Host Taylor Thoen, BTV features companies at their location, interviews the company's key executives, features their products and services, and unveils their plans for future growth.
BTV BROADCAST TIMES:
CANADA: -- BNN -- Sun, May 25th @ 4:30pm EDT
Ontario: SUNTV -- Sun, May 25th @ 9:00am EDT
Alberta: CITY TV -- Sat, May 24th @ 10:30am MDT
BC/Washington: KVOS TV -- Sun, May 25th @ 4:30pm PDT
Bell Express VU and Star Choice -- West SUNTV Sun, May 25th @ 6:00am PDT
U.S. national: -- America One -- Sat. May 24th @ 10:30 am EDT
http://www.americaone.com
WVVH South Hampton, NY KWEM Stillwater, OK
WSPY Plano, IL KEEN Las Vegas
WZBN Trenton, NJ KMCA Redding, CA
ShelbyTV Shelby Township TV9 Troy, OH
KKAX Kingman, AZ WRBD Pensacola, FL
WIVM Canton, OH KDAO Marshalltown
K48BK Dove Creek, CO KTYJ Coeur d' Alene, ID
K27FA Craig, CO NSU22 Natchitoches, LA
WRCF Orlando, FL WBCF Florence, AL
WLLS Indiana W35AY Hilton Head Island, SC
WLNN Boone, NC WJTS Jasper, IN
W34AX Henderson, NC WGTN Worthington, MN
W67CD Sanford, NC KCCE San Luis Obispo, CA
WYBE Southern Pines, NC W35BB Dublin, GA
WBKA Bucyrus, OH IMAGE Erie, PA
CTV12 Cedar City, UT KPIF Pocatello, ID
VTV Vernal, UT K23BJ Lake Havasu City, AZ
WBII Ashland, MS UPN23 Hornell, NY
WPRQ Clarksdale, MS WEBU Webb, MS
KXOK Enid, OK WLMO Lima, OH
KXOC Oklahoma City, OK WHAN Salem, IN
FOR INFORMATION ON BTV CALL: (604) 664-7401 http://www.b-tv.com
Contact:
BTV-Business Television
(604) 664-7401
www.b-tv.com
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Source: BTV Business Television; Raytec Metals Corp., Keegan Resources Inc., Astral Mining Corp.
Raytec Announces Update on Its C and D Grid Uranium Properties
Tuesday April 15, 3:05 am ET
http://biz.yahoo.com/iw/080415/0386633.html
VANCOUVER, BC--(MARKET WIRE)--Apr 15, 2008 -- Raytec Metals Corp. (CDNX:RAY.V - News) (Frankfurt:XZT.F - News) and Solitaire Minerals Corp. (CDNX:SLT.V - News) wish to announce the 2007/2008 program involving extensive ground geophysics on the Little Cree River "D" grid and the "C4" and "C5" grids, situated from 24 to 48 km southwest of the McArthur River Uranium Mine, has been completed.
The services of Durama Enterprises Limited of La Ronge, Saskatchewan, were contracted to establish and manage the program. The program involved the establishment of camps, grid lines, level survey and support services. Lamontagne Geophysics Ltd. of Kingston, Ontario, was contracted to conduct the UTEM survey and carry out an interpretation of the data. Lamontagne developed the UTEM system to pursue deep exploration beyond the capabilities of other TEM systems. The UTEM system measures the EM response while the transmitter field is changing, the only way to measure extremely conductive targets. Interpretation of the data to pinpoint the strongest conductive response will assist to plan possible drill targets.
"The targets that have already been identified through previous exploration work are on a known geological trend close to on-going work performed by Cameco and Denison Mines," says Charles Desjardins, President of Solitaire Minerals, "With the increased precision of this UTEM survey, Lamontagne Geophysics will look to identify existing and new targets at depth."
About the properties: The 10 claims under option total 18,328 hectares. The Little Cree River 'D' grid is comprised of 3 contiguous claims, totalling 14,415 ha and is located approximately 40 km west of the McArthur River Uranium Mine. The 'C' claims are 7 non-contiguous parcels, totalling 3913 ha, which stretch from "C7," located about 10 km west of the Cigar Lake Uranium Mine, to 'C1,' about 25 km west of Camecos' Key Lake Uranium Mill. All of the 'C' claims are located within the Athabasca Basin, underlain by favourable rocks of the Western 'transition zone' of the Wollaston Domain, which hosts most of the major deposits in the eastern portion of the basin.
During 2006, GeoTech carried out airborne VTEM and magnetic surveys over all of the claims. Condor Consulting Ltd., recognized experts in the field of airborne electromagnetics, performed detailed interpretation of the results and provided final conclusions regarding the significance of the survey in respect to each grid.
Condor reports that on the Little Cree River 'D' grid, a prominent magnetic low extends through the central and eastern part of the block with localized highs on the western and eastern sides of the survey area. A VTEM anomaly sits directly over a portion of the magnetic low where the strike changes from NNE to ESE suggesting there may be an underlying folding event in the basement. The CDS section shows that the conductive zone is very close to the unconformity surface and is seen as the best chance of representing a basement conductor.
The 'C4' and 'C5' grids are situated 48 km and 24 km SW of the McArthur River uranium mine, within Cameco's Wheeler River project, now being explored by their partner Denison Mines Corp. Numerous uranium zones and deposits have been identified from the Wheeler River in the southwest, to the McArthur River uranium mine in the northeast. The Wheeler River project area is situated along the P2 rift, which extends NE through the basin and hosts the McArthur River Uranium mine, and most of the major deposits in the eastern portion of the basin.
The 'C4' grid is situated adjacent to the Wheeler 'O' zone and along strike from the 12 km long 'K' zone which hosts up to 0.11% U3O8 over 6.5 m in basement rocks within the K1a conductor. Here the 'C4' VTEM response appears to extend deeper into what is interpreted to be basement rock. This deeper target is 4.5 km south of the 'K' zone, and has never been drill tested.
The 'C5' grid is situated over 4.5 km of the 9 km long Wheeler 'WV' trend. On 'C5' the main structural feature is a thrust fault that vertically offsets the unconformity by approximately 72 m. This type of structure typically forms the locus for the circulation of hydrothermal alteration and mineralizing fluids. A series of basement step faults, which are reflected in the sandstone by a series of splay faults, have resulted in the basal sandstones being fractured into a series of rotated blocks. These all offer excellent targets for the precipitation of uranium mineralization. The VTEM results show a conductive response that appear to extend well above the indicated unconformity level but as well extends deeper into what is interpreted to be bedrock. This deeper target has never been drill tested.
Further results will be released upon completion of the interpretation.
About Raytec Metals Corp.
Raytec Metals Corp. (CDNX:RAY.V - News) is a junior exploration company focused on Canadian mineral projects in the agriculture (potash), iron ore, and uranium sectors. The Company is focused on maximizing shareholder value through acquiring projects with historical reserves.
Saskatchewan Potash exploration:
The Company has a 100% interest in a total of 290,880 acres of prospective potash ground under permit application within the extensive Middle Devonian Prairie Evaporite formation of south-central Saskatchewan.
Ontario Iron Ore exploration:
The Company has several iron ore projects in Ontario with advanced historic exploration in well known historic iron ranges.
Saskatchewan Uranium exploration:
The Company has a carried joint venture interest with Triex Minerals Corp. on its Keylake Properties (Highrock & Riverlake Projects).
The Company has a carried joint venture interest with Solitaire Minerals Corp. (CDNX:SLT.V - News) on its "C" claims and has retained a royalty on its "D" block claims.
For More information on Raytec Metals Corp. Please visit the website www.raytecmetals.com
On Behalf of the Board of Directors
Brian Thurston, President and Director
THE TSX VENTURE EXCHANGE HAS NOT YET REVIEWED AND DOES NOT TAKE RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
Cautionary note: This report may contain forward looking statements, particularly those regarding cash flow, capital expenditures and investment plans. Resource estimates, unless specifically noted, are considered speculative. The company has filed a National Instrument 43-101 report on the Key Lake properties. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.
Contact:
Contact:
Brian Thurston
President
(604) 669-9330
--------------------------------------------------------------------------------
Source: Raytec Metals Corp.
Raytec Closes First Tranche of Institutional Financing
Friday April 11, 9:47 am ET
http://biz.yahoo.com/iw/080411/0385900.html
Provides Corporate Overview And Update
VANCOUVER, BC--(MARKET WIRE)--Apr 11, 2008 -- Raytec Metals Corp. (the "Company") (CDNX:RAY.V - News) (Frankfurt:XZT.F - News) (Other OTC:RAYMF.PK - News) is pleased to announce receipt of regulatory approval, and subsequent closing of the first tranche of the previously announced private placement. In the first tranche, closed on March 25, 2008, the Company received gross proceeds of $3,883,000 in consideration of the issuance of 8,628,887 units at a price of $0.45 per unit.
Each unit consists of one common share and one-half of one non-transferable share purchase warrant. Each whole warrant is exercisable prior to March 25, 2010 to acquire an additional common share of the Company at a price of $0.75 per whole share purchase warrant.
The warrants contain a provision which provides that if after July 25, 2008, until the expiry date of the warrants, the closing price of the Company's shares exceeds $1.25 for 10 consecutive trading days, the Company may accelerate the expiry date of the warrants to the date that is 30 days after the day the notice of the new expiry date is provided to the holders of the warrants.
The Company paid/issued the following finders' fees in respect of the placement:
Integral Wealth Securities Limited received a cash payment of $182,999.95 and a share purchase warrant authorizing it to purchase up to 406,667 common shares of the Company at a price of $0.45 per share until March 25, 2010.
Canaccord Capital Corporation received a cash payment of $27,000 and a share purchase warrant authorizing it to purchase up to 60,000 common shares of the Company at a price of $0.45 per share until March 25, 2010.
Lockwood Financial Ltd. received a cash payment of $18,900 and a share purchase warrant authorizing it to purchase up to 42,000 common shares of the Company at a price of $0.45 per share until March 25, 2010.
All securities issued under the placement are subject to hold periods expiring on July 26, 2008.
Corporate Overview and Update
Mr. Brian Thurston, President of the Company, provides the following corporate overview and update on behalf of the Company's Board of Directors:
"We are very pleased to have completed the first tranche of this private placement and anticipate closing the second tranche shortly. As is evident from all our recent news releases, we have been extremely active since the board determined to redirect the Company's focus to mineral exploration. Since we have now essentially completed the reorganization of the Company, we thought it is an appropriate time to provide shareholders and investors with an overview and update of our activities."
On April 20, 2007, the Company announced the acquisition of 100% of the issued and outstanding shares of Aurex Copper Mines Corp. ("Aurex"), a private British Columbia company that has an option to acquire 17 Uranium properties in the eastern Athabasca basin of Saskatchewan. The properties obtained through the acquisition of Aurex total 50,159 hectares located along the southern margin of the Athabasca Basin.
The acquisition constituted a Change of Business ("COB") for the Company under the policies of the TSX Venture Exchange (the "Exchange"), resulting in the Company becoming a resource issuer. The Company requested that trading in its shares on the Exchange be halted on April 20, 2007 in accordance with the Exchange's policies, order to seek approval for the COB.
In connection with the COB, the Company also announced a brokered private placement of up to 2,727,273 units at a price of $0.55 per unit for gross proceeds of $1,500,000, and a non-brokered private placement of up to 1,818,182 units at a price of $0.55 per unit for gross proceeds of $1,000,000. The units for each financing consisted of one common share of the Company and one warrant to purchase one additional share of the Company at a price of $0.85 per share for a period of two years from the date of closing. The Company announced that proceeds would be used to further exploration work on the Saskatchewan Uranium properties in accordance with recommendations to be contained in the National Instrument 43-101 report on the properties and for general working capital. The Company contracted Mr. Andrew J. Gracie, Ph.D., P.Eng., to write the report, which was completed on July 17, 2007 and is posted and available for viewing on SEDAR.
The Company also completed a prospectus level information circular to seek shareholder approval of the COB, which was also filed on SEDAR on July 24, 2007. The Company then held its shareholder meeting on July 31, 2007, and received overwhelming support for the COB to a resource issuer. The Company then sought and received the Exchange's conditional acceptance to the COB on August 10, 2007. The acceptance was subject to the Company completing the required financings to fund the COB.
Unfortunately, by the time the Company was ready to proceed with the financings, the market appetite for Uranium focused issuers had waned considerably. The Company was able to complete the non brokered portion of the previously announced private placement in the reduced amount of $767,050 on September 17, 2007, and then was able to arrange a flow through private placement with the MineralFields Group for $1,000,000, which was announced on October 17, 2007. On November 7, 2007 the Company announced a further non brokered private placement of $300,000.
On November 14, 2007 the Company closed its brokered private placement with Canaccord Capital Corp. in the amount of $500,000 and on November 15, 2007 closed the MineralFields flow through placement for $1,000,000 and the non brokered flow through placement for $300,000.
With its private placements closed, the Company met the minimum financing requirements set out by the Exchange and on November 16, 2007, the Exchange issued its final acceptance notice and the Company closed the COB by issuing 3,962,801 shares to the shareholders of Aurex and 1,500,000 shares to North-Sask Ventures Ltd. The Company's shares were reinstated for trading on November 19, 2007.
Nevertheless, through the COB process, management reached the conclusion that diversification into additional mineral properties hosting other than Uranium would be beneficial and allow the Company to realize shareholder value by not succumbing to single commodity price fluctuations. In particular, on a going forward basis, the Company's Board of Directors and management determined that it was prudent to reduce the Company's risk profile considerably by diversifying the Company's asset base into other metals and eventually into other countries.
At around the time the Company was closing the COB, it was introduced to the President of Triex Minerals Corporation ("Triex"). Triex was one of the most active juniors in the Uranium space and enquired whether the Company would be interested in joint venturing certain of the Athabasca claims. Management recognized the advantage of a joint venture with an experienced and strong junior Uranium explorer and accordingly the Company entered into an option agreement with Triex on November 20, 2007 giving them the right to earn up to a 70% interest in two properties totaling 7 of Raytec's 17 Athabasca Uranium claims. The decision to enter into the agreement was made by the Company in light of the opportunity to see development of the property by a company that possessed a strong, experienced technical team, and were financially capable of funding long-term development of the property.
In accordance with the mandate provided by the Board of Directors, management had been actively searching for additional projects of merit, and the Avis Lake area of Ontario had been suggested as a good location to acquire iron ore projects. On November 29, 2007, the Company signed an agreement to acquire a 100% interest in the El Sol Historic Iron Ore Project, located in the Red Lake Mining District of Ontario, Canada.
The Company recognized the value of this asset after performing extensive research into the markets for both iron ore and titanium. As a result, the property was acquired to enhance and diversify the commodity base for Raytec.
On December 4, 2007, the Company announced that it had entered into an agreement to option the remaining 10 Uranium properties in the Athabasca Basin held by the Company to Solitaire Minerals Corp.
Expanding on the diversification into iron ore to complement the Company's retained interests in Uranium properties, the Company announced on January 15, 2008 an agreement to purchase a 100% interest in the Gunflint property, consists of 16 claim units totaling approximately 640 acres, located within the Thunder Bay Mining District, Ontario.
On January 25, 2008 the Company furthered its acquisition of iron ore properties with the acquisition of the Brulé property, located in Adrian and Conmee Townships, within the Thunder Bay Mining District, Ontario consisting of 44 claim units totaling approximately 1,760 acres in one grouping, and 80 claim units totaling approximately 3,200 acres in a second grouping.
In January 2008, the Company was presented with an opportunity to acquire a highly prospective Potash property located within the Potash belt of south central Saskatchewan. In following with the Company's mandate to diversify into more than one mineral based commodity, and following as extensive research into the market conditions for Potash, a decision was made to acquire the offered Exploration Permits. As a result, on January 29, 2008 the Company announced the signing of an agreement to purchase a 100% interest in Exploration Permit Application KP441, covering an area of approximately 88,320 acres in central Saskatchewan. The Company received Exchange acceptance to this acquisition on March 19, 2007.
On February 7, 2008 the Company announced that it had increased its Potash holdings through staking of additional ground adjoining Exploration Permit Application Area ("EPAA") KP441. The newly staked area included EPAA-KP455 which consisted of 65,280 acres, EPAA-KP466 which consisted of 33,600 acres, and EPAA-KP467 which consisted of 11,520 acres. The Company now has a total of 198,720 acres of contiguous ground within the extensive Middle Devonian Prairie Evaporite formation of south central Saskatchewan under Exploration Permit Application.
On February 11, 2008 the Company announced a further increase in Potash properties with the signing of an agreement to purchase a 100% interest in EPAA-KP452, covering an area of approximately 92,160 acres in south central Saskatchewan. The Company now has a total of 290,880 acres of prospective potash ground under permit application within the extensive Middle Devonian Prairie Evaporite formation of south central Saskatchewan. The Company received Exchange acceptance to this acquisition on April 7, 2008
As a result of the Company's strategic plan and based on its ability to quickly execute on that plan, the Company engendered strong interest in further funding from the financial community. Accordingly the Company announced on February 13, 2008 that, subject to regulatory approval, it has arranged a non-brokered private placement of 8,000,000 units at a price of $0.45 per unit for gross proceeds of $3,600,000.
Due to strong demand for the financing units, on March 20, 2008 the Company agreed to increase the financing to a total of up to 9,333,333 units at a price of $0.45 per unit for gross proceeds of $4,200,000.
The Company is pleased to have received Exchange approval for the financing resulting in today's announcement of the first tranche closing. It is anticipated the second (and final) tranche will close within the next few days.
As the Company has completed its transformation into a resource issuer, it will proceed with the distribution of shares it holds in the capital of Avantec Technologies Inc. to shareholders of record on the date the distribution was originally announced.
On behalf of the Board,
RAYTEC METALS CORP.
"Brian Thurston"
Brian Thurston, President
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
Contact:
Brian Thurston
President
(604) 669-9330
--------------------------------------------------------------------------------
Source: Raytec Development Corp.
what a day .....
good to be long
...
Raytec Increases Financing
Thursday March 20, 5:38 pm ET
http://biz.yahoo.com/iw/080320/0378019.html
VANCOUVER, BC--(MARKET WIRE)--Mar 20, 2008 -- Raytec Metals Corp. (the "Company") (CDNX:RAY.V - News) (Frankfurt:XZT.F - News) is pleased to announce that, further to the Company's news release dated February 13, 2008, and subject to regulatory approval, it has increased the previously announced non-brokered private placement of up to 8,000,000 units at a price of $0.45 per unit, to a total of up to 9,333,333 units at a price of $0.45 per unit for gross proceeds of $4,200,000.
Each unit will consist of one common share and one-half of one non-transferable share purchase warrant. Each whole warrant may be exercisable for a period of two years to acquire an additional common share of the Company at a price of $0.75 per whole share purchase warrant. The common shares, and share purchase warrants issued under this financing will be subject to a 4 month hold period from the date of closing, as per TSX Venture Exchange policy.
The warrants will contain a provision which provides that if, after the end of the 4 month hold period and until the expiry date of the warrants, the closing price of the Company's shares exceeds $1.25 for 10 consecutive trading days, the Company may accelerate the expiry date of the warrants to the date that is 30 days after the day the notice of the new expiry date is provided to the holders of the warrants.
The Company has received commitments for the full offering from several institutional investors.
Finder's fees in the form of cash and/or securities will be paid or issued pursuant to the policies of the TSX Venture Exchange.
The proceeds of the placement will be used for advancement of the Company's newly acquired potash properties and for general working capital.
On behalf of the Board,
RAYTEC METALS CORP.
Per:
Casey Forward, CFO, Director
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
Contact:
Contact:
Raytec Metals Corp.
Suite 1130 - 789 West Pender Street
Vancouver, BC, V6C 1H2
Tel: (604) 669-9330
Fax: (604) 669-9335
--------------------------------------------------------------------------------
Source: Raytec Development Corp.
Smartstox Raytec Metals Corporate Interview
February 26, 2008
http://www.smartstox.com/interview/ray/
Teck Cominco CEO: Iron Ore Assets Would Be A Good Fit
|Published: February 26, 2008 5:44 PM
Brian Truscott
Of DOW JONES NEWSWIRES
http://tinyurl.com/2b89ds
VANCOUVER -(Dow Jones)- Adding iron ore assets to Teck Cominco Ltd.'s (TCK) diversfied resource portfolio would be a particularly good fit, especially because of its metallurgical coal division, President and Chief Executive Don Lindsay said Tuesday.
"If you have iron ore, you are a stronger strategic supplier to a customer (of coal)," he said, speaking at the BMO Capital Markets 2008 Global Metals and Mining Conference in Hollywood, Florida.
He used the example of BHP Billiton Ltd. (BHP), which uses its iron ore product as a carrot for customers looking for coal.
Lindsay said that, especially in down years, its coal business has suffered as customers would order 100 metric tons of coal but only take 92 metric tons, while the BHP customers would take their full order, knowing full well that they would need BHP's iron ore as well.
He also said customers have "literally come and asked us to get into the business, because they would like to see another competitor. That situation has become even starker as BHP tries to take over Rio Tinto PLC (RTP) - two of the top four iron ore producers in the world.
"Customers don't like the current structure of the iron ore industry with three big players dominating," he said.
Lindsay said there's a concern that players with both coal and iron ore will lure customers by saying: "Buy our iron ore and we'll cut you a good deal on coal."
That would undermine the global pricing structure for coking coal, which is used in the production of steel - as is iron ore.
From a practical standpoint, he said the iron ore business is a large open-pit mining, shovel truck operation, so Teck Cominco's skillset could be put to work.
"And I like the outlook where there's three big players and consolidation has already occurred," he said.
Having said that, Lindsay said the probability of buying an operating iron ore asset looks dim, if only because operators are currently enjoying a great pricing run, so why sell?
He dismissed the idea of looking for a development project simply because Teck Cominco already has enough on its plate in terms of development projects.
The one caveat: if BHP manages to buy Rio Tinto, regulators might force the pair to give up a number of assets to close the deal - including some iron ore assets.
"In which case, we might be the logical buyers," he said.
Company website: http://www.teckcominco.com
-Brian Truscott, Dow Jones Newswires; 604-669-1595; brian.truscott@dowjones.com
(END) Dow Jones Newswires
02-26-08 1744ET
Copyright (c) 2008 Dow Jones & Company, Inc.
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KENYA | SOMALIA |
http://www.lionenergycorp.com/home.php
Shares issued: 74,042,737
Warrants: 31,895,843
Options: 5,849,250
Fully Diluted: 111,787,830
Cash position: approx. $23 million
check their web site info: http://www.raytecmetals.com/news/
.......
new info , almost no change in 2 years , share count still same !!!!!!! cash changed a little !!! no dilution !!!!!
Shares issued: 74,042,737
Warrants: 31,895,843
Options: 5,849,250
Fully Diluted: 111,787,830
Cash position: APPROX. $13 million AS OF NOV 30 , 2009
http://www.raytecmetals.com/news/2009/index.php?&content_id=79 http://www.raytecmetals.com/news/2009/index.php?&content_id=80 rel="nofollow" href="http://www.raytecmetals.com/news/index.php?&content_id=72">http://www.raytecmetals.com/news/index.php?&content_id=72
RAYTEC METALS CORP. FILINGS & PUBLIC DOCUMENTS WITH SEDAR
http://www.sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00005482
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