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ELNh El Nino looking to acquire silver and uranium projects
2004-12-07 04:59 ET - News Release
Mr. Harry Barr reports
EL NINO MANAGEMENT FOCUSED ON ACQUIRING SILVER AND MOLYBDENUM, URANIUM EXPLORATION PROJECTS
El Nino Ventures Inc. is currently negotiating to acquire, from several different parties, a diversified mineral exploration portfolio that initially would consist of silver and molybdenum projects, and/or uranium exploration projects.
The company is currently focused on acquiring projects that meet management's criteria in North and South America.
TAS Terra Ventures effects 1:18 share consolidation
2004-06-10 16:23 ET - Change Name, Roll Back Shares
Name change and consolidation
Pursuant to a special resolution passed by shareholders on Aug. 26, 2003, Terra Ventures Inc. has consolidated its capital on an 18-old-for-one-new basis. The name of the company has also been changed as follows.
Effective at the opening on Friday, June 11, 2004, the common shares of Terra Ventures will commence trading on the TSX Venture Exchange, and the common shares of RET Internet Services will be delisted. The company is classified as a "temporarily unclassified" company.
Postconsolidation capitalization: 5,555,555 shares with no par value, of which 1,006,475 shares are issued and outstanding
Escrow: Nil
Transfer agent: Pacific Corporate Services Ltd. (Vancouver)
Trading symbol: TAS.H (new)
CUSIP No: 88102A 10 9 (new
LRC Long View Resources to trade on TSX-V on Nov. 26
2004-11-25 16:45 ET - New Listing
The TSX Venture Exchange has accepted for filing Gotham Capital Corp.'s qualifying transaction described in its information circular dated Oct. 8, 2004. Effective at the opening, Friday, Nov. 26, 2004, the common shares of the company will commence trading on the TSX Venture Exchange.
The QT is non-arm's-length and consists of Gotham acquiring all of the issued and outstanding common shares of Long View Resources Corp., being 406,455 Class A common shares, in exchange for the issuance of 8,942,010 Class A common shares of Gotham at a deemed price of 11.7 cents per share for total deemed consideration of $1,046,215. Subsequent to the closing of the QT, Gotham and Long View amalgamated under the name Long View Resources Corp.
Gotham was classified as a capital pool company and was delisted on May 7, 2004, for failure to complete a qualifying transaction within 18 months of listing.
A total of 7,600,010 shares of amalgamated Long View will be subject to a the TSX-V Tier 2 value escrow agreement and released over a three-year period.
The exchange has been advised that the above transactions, approved by shareholders on Nov. 3, 2004, have been completed. For further information, please refer to the company's information circular dated Oct. 8, 2004.
Insider participation: Kevin Patterson, 1,850,010; Stephen Kent, 300,000; John Styles, 1.65 million; Wayne Lorch, 2.2 million
The company is classified as an oil and gas exploration, development and production company.
Capitalization: Unlimited common shares with no par value of which 11,442,010 common shares are issued and outstanding
Escrow: 7,600,010 common shares
Symbol: LRC
Cusip No.: 542894 10 0
Transfer agent: Olympia Trust Company of Canada
SKBp Skoobins Resources to resume at 7:30 a.m. PT on Nov. 26
2004-11-25 16:50 ET - Resume Trading
Effective at 7:30 a.m. PT, Friday, Nov. 26, 2004, trading in the company's shares will resume.
Further to the company's Nov. 23, 2004, news release, regarding the proposed acquisition of the Medipattern Corp., Loewen, Ondaatje, McCutcheon Ltd., subject to completion of its review, has agreed to act as the company's sponsor.
This resumption does not constitute acceptance of the qualifying transaction and should not be construed as an assurance of the merits of the transaction or the likelihood of completion. The company is required to submit all of the required initial documentation relating to the qualifying transaction within 60 days of the issuance of the news release. If this documentation is not provided, or is insufficient, a trading halt may be reimposed.
Completion of the transaction is subject to a number of conditions, including but not limited to, exchange acceptance and majority of the minority shareholder approval. Prior to the exchange granting final acceptance of the qualifying transaction, the company must satisfy the exchange's minimum listing requirements. There is a risk that the transaction will not be accepted or that the terms of the transaction may change substantially prior to acceptance. Should this occur, a trading halt may be reimposed.
New Claymore changes name to Brazalta Resources
2004-11-25 16:51 ET - Change Name
New Listing: BRX Brazalta Resources Corp
Pursuant to a special resolution passed by shareholders Nov. 18, 2004, the company has changed its name as follows. There is no consolidation of capital. Effective at the opening Nov. 26, 2004, the common shares of Brazalta Resources Corp. will commence trading on the TSX Venture Exchange, and the common shares of New Claymore Resources Ltd. will be delisted. The company is classified as a "mineral and oil and gas exploration" company.
Capitalization: unlimited shares with no par value of which 9,104,633 shares are issued and outstanding
Escrow: nil
Transfer agent: Olympia Trust Co.
Trading symbol: BRX (new)
Cusip No: 10575W 10 3 (new)
MXM Maxim to acquire interest in oil and gas prospect
2004-10-25 18:16 ET - News Release
Mr. Arthur Brown reports
MAXIM ENTERS INTO ACQUISITION AGREEMENT
Maxim Resources Inc. has entered into an acquisition agreement with Delek Corp., an arm's-length private oil and gas company, to acquire a 75-per-cent net revenue interest in an oil and gas prospect located in Stark county, North Dakota. In exchange for the working interest in the North Dakota prospect, Maxim has agreed to pay Delek the sum of $1,457,703 (U.S.), representing the completed cost of the initial test well. At the present time, there is no production and no reserves attributable to the North Dakota prospect. Maxim intends to finance the acquisition of the working interest in the North Dakota prospect with the net proceeds from the non-brokered private placement of units which was previously reported in Stockwatch on Sept. 8, 2004.
ALM Anglo Minerals options Northern Lights to Synenco
2004-06-15 14:41 ET - News Release
Mr. Todd Montgomery reports
ANGLO GRANTS OPTION TO SYNENCO
Anglo Minerals Ltd. has granted an option to Synenco Energy Inc. pursuant to which Synenco is entitled to purchase all of Anglo's rights in and to two oil sands permits and four coal lease applications. Upon exercise of the entire option, Synenco will hold a 100-per-cent interest in the Northern Lights project, an oil sands development project it is undertaking in the Fort McMurray area of Alberta, and Anglo will receive a total of $5-million.
The transaction described herein is conditional upon, among other things, regulatory and shareholder approval. The option is exercisable by Synenco in five separate tranches of payments to be made on or before Nov. 15, 2005, as follows:
$1,000,000 On or before Nov. 15, 2004
$1,000,000 Feb. 15, 2005
$1,000,000 May 15, 2005
$1,000,000 Aug. 15, 2005
$1,000,000 Nov. 15, 2005
5/16.3=0.31
This ticker sucks... GSTp Golden Sunset halted at the open
2004-10-12 09:19 ET - Halt Trading
Golden Sunset Trail Inc. has been halted effective at the open on Tuesday, Oct. 12, 2004.
CKD Covik to raise $238,474 privately; Foy named to board
2004-08-06 17:29 ET - News Release
Mr. Ian Lambert reports
Covik Development Corp. has arranged a non-brokered private placement of up to 4,769,493 shares at five cents per share for gross proceeds of up to $238,474.65. The proceeds will be used for working capital, primarily to identify and evaluate potential properties or businesses of merit. The private placement is subject to regulatory filing.
The company also announces that James R. Glass has resigned as a director, and that Kaare G. Foy has accepted the company's invitation to fill the resulting vacancy on the board of directors. Mr. Foy is currently chairman and chief financial officer of Great Panther Resources Limited, a director and chief financial officer of Cangold Limited, and president of Oceanic Management Limited.
RM Rodinia Minerals raises $206,000 for staking
2004-10-05 15:03 ET - News Release
Mr. Donald Morrison reports
PRIVATE PLACEMENT CLOSES
Rodinia Minerals Inc. has closed its non-brokered private placement announced in Stockwatch on Aug. 30, 2004. The company has raised gross proceeds of $206,000 through the issuance of 824,000 units at a price of 25 cents per unit. Each unit consists of one common share and one share purchase warrant, each warrant entitling the holder to acquire one additional common share of the company at a price of 35 cents per share for a period of one year.
A finder's fee of 64,400 units was paid in this transaction, each unit consisting of one common share and one share purchase warrant entitling the holder to acquire an additional common share of the company for a period of one year at a price of 35 cents per share.
The common shares issued, as well as shares to be issued on exercise of the warrants, are subject to a hold period expiring on Jan. 28, 2005.
Proceeds from the company's non-brokered private placement will be used for a staking program and will provide additional working capital.
TAS Terra Ventures closes $100,000 private placement
2004-06-22 14:51 ET - News Release
Mr. Gunther Roehlig reports
Terra Ventures Inc. has closed its private placement of 1 million common shares at 10 cents per share for total gross proceeds of $100,000. There were no finders' fees paid. All securities issued with respect to the placement are subject to a hold period expiring on Oct. 15, 2004.
BRH Baradero Resources summarizes corporate position
2004-10-12 12:54 ET - News Release
Mr. Nick DeMare reports
Baradero Resources Ltd. has provided the following corporate update.
Fiscal 2004 marked a year of corporate rationalization and restructuring. With the unsuccessful results in 2003 with respect to the company's regional California exploration programs, the company was left with a minor interest in one producing well in Texas, known as the West Ranch Field prospect. While this interest provided a small amount of operating cash flow, it did not support the company's operations in the United States. A decision was made to sell the West Ranch Field to a private arm's-length party. Effective May 31, 2004, the company determined that it could not continue financing its U.S. subsidiary company, California Exploration Inc., and abandoned its investment.
Throughout fiscal 2004, the company reviewed a number of opportunities that were presented to management. However, any successful negotiation was predicated upon the company's ability to attract new equity financing. The ability to complete future financings and attract opportunities required a critical assessment of the company's capital structure. It became apparent that a capital restructuring was necessary. Accordingly, on June 3, 2004, after receipt of all necessary shareholder and regulatory approvals, the company completed a consolidation of its share capital on a one-new-for-four-old basis. As required, the company also changed its name to Baradero Resources Ltd.
With the recently completed share consolidation, the company is now well positioned to move forward and is currently reviewing a number of opportunities in the resource sector.
Cool...
Raimount's application for rights offering approved
2004-09-03 14:50 ET - News Release
An anonymous director reports
RAIMOUNT ENERGY INC. TO CONDUCT RIGHTS OFFERING
Raimount Energy Inc. has received regulatory approval to conduct a rights offering for shareholders resident in the provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Nova Scotia. The company will offer to shareholders of record on Sept. 15, 2004, rights to purchase shares of the company. One right will be issued for each share held. Four rights and 80 cents are required to purchase one share. The expiry date for the rights offering is Oct. 8, 2004.
The following is a summary of the primary terms of the offering:
Basis of offering: One right will be issued for each common share held. Four rights plus 80 cents will entitle the holder to subscribe for one common share
Record date: Sept. 15, 2004
Shares trade ex rights: Sept. 13, 2004
Rights expire: Oct. 8, 2004
Rights trading symbol: RMT.RT
Rights CUSIP No.: 75078P 11 1
Subscription agent and trustee: Computershare Trust Company of Canada
Authorized jurisdictions: British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Nova Scotia
The company's rights offering circular is available for viewing on SEDAR and will be mailed to shareholders of record shortly after the record date.
OCO Ontario Capital to buy Biorem Technologies
2004-09-02 10:30 ET - News Release
Mr. Timothy Gallagher reports
ONTARIO CAPITAL OPPORTUNITIES INC. ANNOUNCES LETTER OF INTENT
Ontario Capital Opportunities Inc. has entered into a letter of intent concerning the acquisition of Biorem Technologies Inc. The acquisition, if completed, will be the corporation's qualifying transaction pursuant to the policies of the TSX Venture Exchange Inc.
The corporation and Biorem entered into a letter of intent dated Sept. 1, 2004. The acquisition price shall be satisfied by the issuance of common shares in the capital of the corporation at a deemed value of $2 per share after the consolidation of the corporation's existing common shares on the basis of one for four. In addition, the corporation's name, auditors and head office will be changed.
Biorem is a corporation incorporated under the laws of the Province of Ontario and has its registered office and principal place of business located in Guelph, Ont. The business of the company is the design and installation of municipal and industrial biofilters for the North American market.
A biofilter is a biomechanical device designed to support the capture and biological destruction of contaminants in an airstream. A biofilter system incorporates a specialized filter media contained in a closed vessel or open basin. The media is produced containing selective microbes that have the ability to biologically degrade contaminants. Contaminated air is preconditioned and forced through the filter media by means of a conventional fan and duct system. The airborne contaminants are transferred to the media where they are oxidized through a metabolic process to form carbon dioxide, water and inorganic salts.
The corporation is currently in the process of preparing a detailed press release regarding the proposed qualifying transaction, which will satisfy the disclosure requirements of the exchange.
Trading in the common shares of the corporation will remain halted pending the release of more fulsome disclosure regarding the proposed qualifying transaction and the satisfaction of the initial filing requirements of the exchange.
Completion of the transaction is subject to a number of conditions including, but not limited to, negotiation and signing of a definitive agreement, exchange acceptance and, if applicable pursuant to exchange requirements, majority of the minority shareholders approval. Where applicable, the transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all.
ABE, 2.8 mil, Quebec gold.
AFS 7.8 mil, ??
APE 11 mil.
BAH 1.05 mil.
BLKh 10.7 mil, Ontario.
CRPh 9.2 mil.
GHM 10 mil. FOM jv
GOSh 7.5 mil.
GXS 3 mil, SVL management, no property.
GXXh 3.7 mil, Arizona gold
KRD 11.1 mil, Portugal.
NCA 7.3 mil.
OCL 12.7 mil.
PDCh 1.3 mil.
PNL 5.3 mil, CKG management, China.
PPMh 7.8 mil, (halted) taking over China properties.
REX 10.1 mil, Peru.
RMh 5 mil. WNN.h management.
TTA 11 mil.
VHV 4.1 mil, Yemen.
VNCh 12 for 1 consolidation planned
WBS 7.5 mil
XCRh 12 for 1 consolidation planned
Sometimes they trade ottcb with f at the end. In future I will point that out if they do.
Buffalo Gold to raise $150,000 (U.S.) privately
2004-08-25 17:50 ET - News Release
Mr. John Tully reports
Buffalo Gold Ltd. has arranged, subject to regulatory approval, a non-brokered private placement of three million common shares at a price of five U.S. cents per share to generate net proceeds of $150,000 (U.S.).
The proceeds from this placement will be used to finance general and administrative expenses and to finance due diligence costs on potential acquisitions.
Buffalo Gold names Douglas to board
2004-03-31 14:57 ET - News Release
Mr. John Tully reports
APPOINTMENT OF NEW DIRECTOR
Tracy Moore has resigned from the board of directors and David Douglas has been appointed to the board to fill the vacancy created by Mr. Moore's resignation, effective Feb. 29, 2004. Buffalo Gold would like to take this opportunity to thank Mr. Moore for his acting as a director.
The company is pleased to have Mr. Douglas join the board. Mr. Douglas has spent over 20 years in the accounting, corporate finance and investment industries as an auditor, analyst and investment adviser. He has also served as a director of several private and public companies. Prior to establishing his own consulting practice, Mr. Douglas was a senior corporate finance analyst with a regional brokerage firm where he managed numerous public company transactions and financings. Mr. Douglas is a graduate of the commerce (finance) program at the University of British Columbia and is a chartered accountant.
Review by TSX Venture Exchange
As a result of a recent review by the TSX Venture Exchange, the exchange has determined that the company has contravened certain of the exchange's policies and requirements which were then applicable. As a result, the company has been put on formal notice by the exchange that it must comply with NEX (and exchange) polices and requirements in the future.
Reinstatement for trading
The company advises that it has now complied with the conditions required by the exchange for the reinstatement of trading. As a result, the exchange has advised the company that its shares will recommence trading on NEX as of the opening on April 2, 2004.
The company intends to continue actively seeking resource properties of merit.
Cons Petroquin settles debt with shares
2004-05-07 15:48 ET - News Release
Mr. Arthur Gordon-Tydd reports
SALE OF SHARE POSITION BY PRINCPALS AND DEBT SETTLEMENT
Consolidated Petroquin Resources' president, Arthur Gordon-Tydd, along with Henry Hollett, Jerry Wade and Michael Bradely, have entered in to an agreement with Peng Wang, of Beijing, China, to sell 3.15 million common shares, for a price of 6.98 cents per share, for a total of $220,000. The principals of the company hold approximately 65 percent of this debt.
The transaction requires, as a condition of completion, that company creditors accept payment pro rata of $280,000 to settle the total company debt of $1.4-million so that the company has no outstanding liabilities when the transaction closes. Mr. Wang has also agreed with the company to settle all of this debt for 8.8 million shares of Consolidated Petroquin at a deemed price of 15.87 cents per share.
The transaction also requires, as a condition of completion, that Mr. Wang place $220,000 in trust forthwith, which funds have not yet been received; place an additional $280,000 in trust within four weeks; and place funds, as required and agreed upon, forthwith in to the company bank account, a partial amount which has been received.
The transaction requires the approval of company shareholders at the next annual and extraordinary general meeting to be held on June 25, 2004, on the change of control of the company, and regulatory approval.
Module Resources abandons interest in Lucy
2004-02-16 17:37 ET - News Release
Mr. Gary Schell reports
Due to inordinate delays for exploration, as of Feb. 10, 2004, the company has elected to abandon any interest or potentials it may have had in the Lucy project in northeastern British Columbia.
Covik to raise $238,474 privately; Foy named to board
2004-08-06 17:29 ET - News Release
Mr. Ian Lambert reports
Covik Development Corp. has arranged a non-brokered private placement of up to 4,769,493 shares at five cents per share for gross proceeds of up to $238,474.65. The proceeds will be used for working capital, primarily to identify and evaluate potential properties or businesses of merit. The private placement is subject to regulatory filing.
The company also announces that James R. Glass has resigned as a director, and that Kaare G. Foy has accepted the company's invitation to fill the resulting vacancy on the board of directors. Mr. Foy is currently chairman and chief financial officer of Great Panther Resources Limited, a director and chief financial officer of Cangold Limited, and president of Oceanic Management Limited.
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