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Fahad Al Tamimi. Chairman
Mr. Al Tamimi is a Saudi-based businessman with global investment activities. Previously, he was President and CEO of SaudConsult, the largest engineering firm in Saudi Arabia responsible for many large infrastructure and construction projects in the country.
He was also a 50% partner of Worley Parsons Arabia, which undertook major infrastructure projects in the oil & gas, energy and a mining project worth over $5 billion in Saudi Arabia.
Fahad S. Al-Tamimi Group is one of the leading business houses in the Eastern Province of Saudi Arabia with diversified business interests from Real Estate to Heavy Equipment Rental Services.
The Company’s ‘Heavy Equipment Rental Services’ was formed in the year 1978 and has since been providing various contracted services to all SABIC Affiliates, SAUDI ARAMCO and major National & International Companies while imparting such services in a professional manner. Operating at present from our Head Office in Ras Tanura, the Company can undertake projects at any location within the Kingdom of Saudi Arabia. Our branch offices are situated in Jubail, Riyadh and Yanbu, very close to the Industrial City.
Real Estate, Residential buildings, fully furnished Housing compounds, Medical Dispensary and Pharmacy, a Wedding Hall, a Fuel Station for diesel & gasoline and a number of Workshops comprise other business interests within the Group.
Our Heavy Equipment Rental Division has a proven track record for supplying cranes and other equipment to various Local and International Contractors through a large fleet of Cranes, Mobile and Stationary Equipment as well as qualified and professional manpower. With the addition of eight new cranes during the last twelve months, FST is continuing to expand its Crane and Heavy Equipment Fleet. More orders have been placed for a number of quality units so as to meet the increasing demands of our expanding clientele.
"...Kerr Mines gibt neue Explorationsziele im Projekt Copperstone bekannt..."
http://www.finanzen.net/nachricht/aktien/irw-news-kerr-mines-inc-kerr-mines-gibt-neue-explorationsziele-im-projekt-copperstone-bekannt-5757608
Kerr Mines gibt neue Explorationsziele im Projekt Copperstone bekannt
TORONTO, 17. Oktober 17, 2017 - Kerr Mines Inc. (Kerr oder das Unternehmen) (TSX: KER, OTC: KERMF, FRA: 7AZ1) freut sich, bekannt zu geben, dass das Unternehmen dabei ist, die Explorationsgenehmigungen für neue Explorationsziele in seinem Projekt Copperstone in Arizona zu erlangen. Diese Explorationsziele basieren auf geophysikalischen Anomalien. Das aktuelle Konzessionsgebiet mit einer Grundfläche von 4.775 Hektar (11.800 Acres) im Projekt Copperstone wird um eine weitere Konzession mit 541 Hektar (1.338 Acres) Fläche rund 1.200 Meter (4.000 Fuß) nordöstlich der Zone Copperstone erweitert.
Die neuen Explorationsziele ergaben sich aus den magnetischen Vermessungen (horizontale Messkurve des magnetischen Potenzials), die in vier wesentlichen Bereichen außerhalb der Lagerstätte Copperstone eine geringe Änderung des potenziellen Magnetfelds angezeigt haben. Diese geophysikalischen Ziele werden für Abscherungsflächen gehalten, die wie in der Lagerstätte Copperstone mineralisiert sein könnten. Aus einer geringen Änderung des Potenzials (blau) lässt sich eine große Gesteinsmasse mit einheitlichen magnetischen Eigenschaften ableiten; dies entspricht der Signatur am nordöstlichen Ende der Lagerstätte Copperstone, aus der in der Vergangenheit mehr als 500.000 Unzen Gold gefördert wurden. Für die Lagerstätte Copperstone liegt eine aktuelle gemessene und angezeigte Mineralressource im Umfang von 313.000 Unzen Gold mit 10,35 Gramm Gold pro Tonne (0,302 Unzen pro amerikanischer Tonne) (Schätzung von 2010*) vor. Die vier Anomalien befinden sich in den Zielzonen Southwest sowie Blue Pearl 1, 2 und 3. Die Zielzonen Blue Pearl weisen nicht nur eine mit Copperstone vergleichbare magnetische Signatur auf, sondern ähneln auch dem Zielgebiet Southwest, das in der Vergangenheit bereits erfolgreiche Bohrergebnisse geliefert hatte.
Die zusätzliche Konzession ist erforderlich, damit das Unternehmen die Zielzonen Blue Pearl erkunden kann. Blue Pearl 1 und ein Teil von Blue Pearl 2 befinden sich in State Section 6 und 7 in Township 6N, Range 19W in La Paz County (Arizona).
Die Erweiterung unseres Projekts mit der Konzession über den neuen Explorationszielen verleiht unserer Strategie hinsichtlich der vollständigen Erschöpfung des Potenzials des Projekts Copperstone eine völlig neue Dimension. Die Zone Copperstone sowie die Zielgebiete Southwest und Footwall stellen das kurz-bis mittelfristige Potenzial des Projekts Copperstone dar und in Kürze bietet sich uns mit den Zielzonen Blue Pearl auch eine langfristige Möglichkeit zur Wertschöpfung, sagte Martin Kostuik, President von Kerr Mines.
Die technischen Informationen in dieser Pressemeldung wurden in Übereinstimmung mit den kanadischen Regulierungsbestimmungen der Vorschrift National Instrument 43-101 erstellt und von Michael R. Smith, einem zugelassenen Geologen, in seiner Eigenschaft als qualifizierter Sachverständiger im Sinne von NI 43-101 für dieses Projekt geprüft und genehmigt.
* Aufstellung der Mineralressource - Modell bei 5,0 oz/t Au unter Anwendung eines Cutoff-Gehalts von 0,15 oz/t Au gedeckelt, 1.038.000 t (gemessen und angezeigt) - Bericht über die technische Machbarkeit (Technical Feasibility Report) gemäß National Instrument 43-101 des Projekts Copperstone, 11. Februar 2010. Zwischen dem 4. Quartal 2012 und dem 3. Quartal 2013 wurde diese Ressource eingeschränkt abgebaut und wird aufgestellt werden, sobald Anfang 2018 eine neue Ressource geschätzt wird.
"...Kerr Mines gibt neue Explorationsziele im Projekt Copperstone bekannt..."
http://www.finanzen.net/nachricht/aktien/irw-news-kerr-mines-inc-kerr-mines-gibt-neue-explorationsziele-im-projekt-copperstone-bekannt-5757608
Kerr Mines gibt neue Explorationsziele im Projekt Copperstone bekannt
TORONTO, 17. Oktober 17, 2017 - Kerr Mines Inc. (Kerr oder das Unternehmen) (TSX: KER, OTC: KERMF, FRA: 7AZ1) freut sich, bekannt zu geben, dass das Unternehmen dabei ist, die Explorationsgenehmigungen für neue Explorationsziele in seinem Projekt Copperstone in Arizona zu erlangen. Diese Explorationsziele basieren auf geophysikalischen Anomalien. Das aktuelle Konzessionsgebiet mit einer Grundfläche von 4.775 Hektar (11.800 Acres) im Projekt Copperstone wird um eine weitere Konzession mit 541 Hektar (1.338 Acres) Fläche rund 1.200 Meter (4.000 Fuß) nordöstlich der Zone Copperstone erweitert.
Die neuen Explorationsziele ergaben sich aus den magnetischen Vermessungen (horizontale Messkurve des magnetischen Potenzials), die in vier wesentlichen Bereichen außerhalb der Lagerstätte Copperstone eine geringe Änderung des potenziellen Magnetfelds angezeigt haben. Diese geophysikalischen Ziele werden für Abscherungsflächen gehalten, die wie in der Lagerstätte Copperstone mineralisiert sein könnten. Aus einer geringen Änderung des Potenzials (blau) lässt sich eine große Gesteinsmasse mit einheitlichen magnetischen Eigenschaften ableiten; dies entspricht der Signatur am nordöstlichen Ende der Lagerstätte Copperstone, aus der in der Vergangenheit mehr als 500.000 Unzen Gold gefördert wurden. Für die Lagerstätte Copperstone liegt eine aktuelle gemessene und angezeigte Mineralressource im Umfang von 313.000 Unzen Gold mit 10,35 Gramm Gold pro Tonne (0,302 Unzen pro amerikanischer Tonne) (Schätzung von 2010*) vor. Die vier Anomalien befinden sich in den Zielzonen Southwest sowie Blue Pearl 1, 2 und 3. Die Zielzonen Blue Pearl weisen nicht nur eine mit Copperstone vergleichbare magnetische Signatur auf, sondern ähneln auch dem Zielgebiet Southwest, das in der Vergangenheit bereits erfolgreiche Bohrergebnisse geliefert hatte.
Die zusätzliche Konzession ist erforderlich, damit das Unternehmen die Zielzonen Blue Pearl erkunden kann. Blue Pearl 1 und ein Teil von Blue Pearl 2 befinden sich in State Section 6 und 7 in Township 6N, Range 19W in La Paz County (Arizona).
Die Erweiterung unseres Projekts mit der Konzession über den neuen Explorationszielen verleiht unserer Strategie hinsichtlich der vollständigen Erschöpfung des Potenzials des Projekts Copperstone eine völlig neue Dimension. Die Zone Copperstone sowie die Zielgebiete Southwest und Footwall stellen das kurz-bis mittelfristige Potenzial des Projekts Copperstone dar und in Kürze bietet sich uns mit den Zielzonen Blue Pearl auch eine langfristige Möglichkeit zur Wertschöpfung, sagte Martin Kostuik, President von Kerr Mines.
Die technischen Informationen in dieser Pressemeldung wurden in Übereinstimmung mit den kanadischen Regulierungsbestimmungen der Vorschrift National Instrument 43-101 erstellt und von Michael R. Smith, einem zugelassenen Geologen, in seiner Eigenschaft als qualifizierter Sachverständiger im Sinne von NI 43-101 für dieses Projekt geprüft und genehmigt.
* Aufstellung der Mineralressource - Modell bei 5,0 oz/t Au unter Anwendung eines Cutoff-Gehalts von 0,15 oz/t Au gedeckelt, 1.038.000 t (gemessen und angezeigt) - Bericht über die technische Machbarkeit (Technical Feasibility Report) gemäß National Instrument 43-101 des Projekts Copperstone, 11. Februar 2010. Zwischen dem 4. Quartal 2012 und dem 3. Quartal 2013 wurde diese Ressource eingeschränkt abgebaut und wird aufgestellt werden, sobald Anfang 2018 eine neue Ressource geschätzt wird.
Kerr Mines Inc. is being featured on CBC's-Documentary-Channel Nov 27— Dec. 10, 2017 Monday through Friday, throughout the day and evenings.
Kerr Mines Inc. is being featured on CBC's-Documentary-Channel Nov 27— Dec. 10, 2017 Monday through Friday, throughout the day and evenings.
Kerr Mines Announces New Exploration Targets at Copperstone Project
TORONTO, Oct. 17, 2017 /CNW/ - Kerr Mines Inc. ("Kerr" or the "Company") (TSX: KER, OTC: KERMF, FRA: 7AZ1) is pleased to announce it is in the process of acquiring exploration permits for new exploration targets based on geophysical anomalies at its Copperstone project in Arizona. 541 hectares (1,338 acres) of additional permitted land approximately 1,200 meters (4,000 feet) to the north east of the Copperstone Zone is being added to the existing 4,775 hectares (11,800 acres) permitted area of the Copperstone Project.
Blue Pearl Exploration Targets (CNW Group/Kerr Mines Inc.)
The new exploration targets are the result of magnetic imaging (horizontal gradient of the magnetic potential) which indicates a low change in the magnetic field potential in four main areas outside of the Copperstone deposit. These geophysical targets are thought to represent detachment faults, which like at the Copperstone deposit, could be mineralized. A low change in potential (blue) infers a large mass of rock with uniform magnetic character and is identical to the signature seen on the northeast side of the Copperstone deposit, which historically produced over 500,000 ounces of gold and has a current mineral resource of 313,000 ounces at 10.35 gram per tonne (0.302 ounce per ton) (measured + indicated), estimated in 2010*. The four areas are the Southwest Target and Blue Pearl Targets 1, 2 and 3. Not only are the Blue Pearl Targets similar in magnetic signature to Copperstone, they are also similar to the Southwest Target which has had successful drill results in the past.
The additional permitted land is necessary to allow the Company to explore the Blue Pearl areas. Blue Pearl 1 and a portion of Blue Pearl 2 are located on State Sections 6 and 7 in Township 6N, Range 19W of La Paz County in Arizona.
"The addition of the area covering the new exploration targets enhances an entirely new dimension to the strategy of fully realizing the potential of the Copperstone Project. The Copperstone Zone, the Southwest Target and Footwall Target are the short to medium term aspects of the Copperstone Project and soon, with the addition of the Blue Pearl targets, we have a longer term avenue of value creation," said Martin Kostuik, President Kerr Mines.
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in NI 43-101 and reviewed and approved by Michael R. Smith, Registered Geologist., a "Qualified Person" as defined by NI 43-101 for this project.
*Mineral Resource Tabulation – Model capped at 5.0 oz Au/t with a 0.15 oz Au/t cutoff grade, 1,038,000 tons (measured + indicated) - NI 43-101 Technical Feasibility Report, Copperstone Project, February 11, 2010. Limited mining of this resource occurred in the period between Q4 2012 and Q3 2013 and will be tabulated when a new resource is estimated in early 2018.
Kerr Mines Announces New Exploration Targets at Copperstone Project
TORONTO, Oct. 17, 2017 /CNW/ - Kerr Mines Inc. ("Kerr" or the "Company") (TSX: KER, OTC: KERMF, FRA: 7AZ1) is pleased to announce it is in the process of acquiring exploration permits for new exploration targets based on geophysical anomalies at its Copperstone project in Arizona. 541 hectares (1,338 acres) of additional permitted land approximately 1,200 meters (4,000 feet) to the north east of the Copperstone Zone is being added to the existing 4,775 hectares (11,800 acres) permitted area of the Copperstone Project.
Blue Pearl Exploration Targets (CNW Group/Kerr Mines Inc.)
The new exploration targets are the result of magnetic imaging (horizontal gradient of the magnetic potential) which indicates a low change in the magnetic field potential in four main areas outside of the Copperstone deposit. These geophysical targets are thought to represent detachment faults, which like at the Copperstone deposit, could be mineralized. A low change in potential (blue) infers a large mass of rock with uniform magnetic character and is identical to the signature seen on the northeast side of the Copperstone deposit, which historically produced over 500,000 ounces of gold and has a current mineral resource of 313,000 ounces at 10.35 gram per tonne (0.302 ounce per ton) (measured + indicated), estimated in 2010*. The four areas are the Southwest Target and Blue Pearl Targets 1, 2 and 3. Not only are the Blue Pearl Targets similar in magnetic signature to Copperstone, they are also similar to the Southwest Target which has had successful drill results in the past.
The additional permitted land is necessary to allow the Company to explore the Blue Pearl areas. Blue Pearl 1 and a portion of Blue Pearl 2 are located on State Sections 6 and 7 in Township 6N, Range 19W of La Paz County in Arizona.
"The addition of the area covering the new exploration targets enhances an entirely new dimension to the strategy of fully realizing the potential of the Copperstone Project. The Copperstone Zone, the Southwest Target and Footwall Target are the short to medium term aspects of the Copperstone Project and soon, with the addition of the Blue Pearl targets, we have a longer term avenue of value creation," said Martin Kostuik, President Kerr Mines.
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in NI 43-101 and reviewed and approved by Michael R. Smith, Registered Geologist., a "Qualified Person" as defined by NI 43-101 for this project.
*Mineral Resource Tabulation – Model capped at 5.0 oz Au/t with a 0.15 oz Au/t cutoff grade, 1,038,000 tons (measured + indicated) - NI 43-101 Technical Feasibility Report, Copperstone Project, February 11, 2010. Limited mining of this resource occurred in the period between Q4 2012 and Q3 2013 and will be tabulated when a new resource is estimated in early 2018.
McGarry Gold Project? http://abandoned-mines.org/pdfs/RiskAssessmentWorkshop2008-pdfs/ManagingRiskatKerr-mndm.pdf
https://mining-atlas.com/project/McGarry-Gold-Mine-Project.php
https://www.timminstoday.com/local-news/northeastern-ontario-mining-company-looks-to-arizona-for-future-gold-4-photos-687039
What is the future plan for the McGarry Gold Project in Ontario?
Why was this debt resettlement ...?
https://ceo.ca/@newswire/kerr-mines-announces-debt-settlement-and-revised-mcgarry
Under the existing royalty agreement, Jubilee is entitled to a quarterly advance royalty payment of approximately $25,000 relating to the McGarry property. Over the life of this agreement approximately $1,000,000 remains unpaid and is reported as a long-term payable of the Company. Kerr and Jubillee have also agreed to settle this liability for approximately $100,000 payable in cash upon closing of the agreement. The Company has also agreed to pay Jubilee $100,000 in consideration for the cancellation of all future advance royalty obligations. Jubilee will retain a 4% net smelter return attributable to production from McGarry if the price of gold exceeds US$800 per ounce.
"Kerr continues to strengthen the balance sheet and this agreement will result in a further reduction in liabilities of over $1,000,000 as at December 31, 2016," said Chris Hopkins Interim President & Chief Executive Officer. "Additionally, the removal of all future advance royalties will make McGarry more attractive to prospective buyers as we look to monetize our non-core assets and focus on advancing Copperstone, our flagship asset in Arizona, back to production. "
McGarry Gold Project? http://abandoned-mines.org/pdfs/RiskAssessmentWorkshop2008-pdfs/ManagingRiskatKerr-mndm.pdf
https://mining-atlas.com/project/McGarry-Gold-Mine-Project.php
https://www.timminstoday.com/local-news/northeastern-ontario-mining-company-looks-to-arizona-for-future-gold-4-photos-687039
What is the future plan for the McGarry Gold Project in Ontario?
Why was this debt resettlement ...?
https://ceo.ca/@newswire/kerr-mines-announces-debt-settlement-and-revised-mcgarry
Under the existing royalty agreement, Jubilee is entitled to a quarterly advance royalty payment of approximately $25,000 relating to the McGarry property. Over the life of this agreement approximately $1,000,000 remains unpaid and is reported as a long-term payable of the Company. Kerr and Jubillee have also agreed to settle this liability for approximately $100,000 payable in cash upon closing of the agreement. The Company has also agreed to pay Jubilee $100,000 in consideration for the cancellation of all future advance royalty obligations. Jubilee will retain a 4% net smelter return attributable to production from McGarry if the price of gold exceeds US$800 per ounce.
"Kerr continues to strengthen the balance sheet and this agreement will result in a further reduction in liabilities of over $1,000,000 as at December 31, 2016," said Chris Hopkins Interim President & Chief Executive Officer. "Additionally, the removal of all future advance royalties will make McGarry more attractive to prospective buyers as we look to monetize our non-core assets and focus on advancing Copperstone, our flagship asset in Arizona, back to production. "
Michael, I will have another Kerr Mines' shareholder be my proxyholder; attend, act and vote on my behalf. Obviously, I have already notified Kerr Mines so...
If my Kerr Mines shares seriously POP on the 24th... I will be in downtown Toronto at about 4:30 pm. Unless detailed drill results are released; I doubt the shares will move much on the 24th... Frustrating!
I am pleased to learn they now have 23 employees (contractors) working rapidly to develop a detailed PEA during the month of October but if the PEA and drill results are released at the very end of October this will be a massive PR blunder imho... Let's hope Claudio and Fahad are applying enough positive pressure to ensure at least detailed new extensisive drill results are available on the 24th?
http://www.fahadaltamimi.com
Cheers,
GPB
PS https://www.ldmicro.com/profile/ker.to/financials
Best Gold Stocks of 2017 on the TSX
Looking for the best gold stocks? These TSX-listed gold companies have seen the biggest year-to-date gains so far in 2017.
https://investingnews.com/daily/resource-investing/precious-metals-investing/gold-investing/best-gold-stocks/
1. Kerr Mines (TSX:KER)
Current price: $0.32; year-to-date gain: 178.26 percent
Kerr Mines is a North American gold exploration and development company. Its focus is on commencing production at its Copperstone gold property in the US.
In August, the company awarded key contracts for a 2017 exploration program and feasibility study at Copperstone. The same month, Kerr also started the first phase of surface drilling at the project.
2. Sabina Gold & Silver (TSX:SBB)
Current price: $2.25; year-to-date gain: 129.59 percent
Sabina Gold & Silver’s principal assets are its Back River gold project and its silver royalty on the Hackett River project, both of which are located in Nunavut. The company also has exploration properties in Nunavut and in the vicinity of the Red Lake Gold Camp in Ontario.
In July, the company started an expanded second-phase drill campaign at Back River. The next month, Sabina Gold and Silver published its financial results for the quarter ended June 30. In September, the company announced the first results from its summer exploration program.
What a mess yet another IIROC trading halt was for this TSX listed KER stock... Hopefully, at the Kerr AGM in Toronto at http://www.sheratontoronto.com/?SWAQ=958P on October 24th, there will be some further grade, resource, expansion updates etc...?
Best Gold Stocks of 2017 on the TSX
Looking for the best gold stocks? These TSX-listed gold companies have seen the biggest year-to-date gains so far in 2017.
https://investingnews.com/daily/resource-investing/precious-metals-investing/gold-investing/best-gold-stocks/
1. Kerr Mines (TSX:KER)
Current price: $0.32; year-to-date gain: 178.26 percent
Kerr Mines is a North American gold exploration and development company. Its focus is on commencing production at its Copperstone gold property in the US.
In August, the company awarded key contracts for a 2017 exploration program and feasibility study at Copperstone. The same month, Kerr also started the first phase of surface drilling at the project.
2. Sabina Gold & Silver (TSX:SBB)
Current price: $2.25; year-to-date gain: 129.59 percent
Sabina Gold & Silver’s principal assets are its Back River gold project and its silver royalty on the Hackett River project, both of which are located in Nunavut. The company also has exploration properties in Nunavut and in the vicinity of the Red Lake Gold Camp in Ontario.
In July, the company started an expanded second-phase drill campaign at Back River. The next month, Sabina Gold and Silver published its financial results for the quarter ended June 30. In September, the company announced the first results from its summer exploration program.
What a mess yet another IIROC trading halt was for this TSX listed KER stock... Hopefully, at the Kerr AGM in Toronto on October 24th, there will be some further grade, resource, expansion updates etc...?
"...I acknowledge and regret my actions..."
Thank you for bringing your concern to my attention...
Great work CEO of Kerr Mines Claudio Ciavarella
KERR MINES COMMENTS ON TRADING HALT
TORONTO, Oct. 6, 2017 /CNW/ - Kerr Mines Inc. ("Kerr" or the "Company") (TSX: KER, OTC: KERMF, FRA: 7AZ1)
The securities trade halt on October 5th, 2017 was prompted by a delay in filing of the documents related to the year ended June 30th, 2017. The Company is working to resolve the issue in the most efficient and timely manner.
The Company has not filed the following periodic disclosures required by legislation:
audited annual financial statements for the year ended June 30, 2017;
management's discussion and analysis relating to the audited annual financial statements for the year ended June 30, 2017;
annual information form for the year ended June 30, 2017; and
certification of the foregoing filings as required by National Instrument 52-109 Certification of Disclosure in Issuers' Annual and Interim Filings.
About Kerr Mines Inc.
Kerr Mines is a North American gold development and exploration company currently advancing the 100% owned, fully permitted past-producing Copperstone Mine project. Copperstone is a high-grade gold project located along the Walker Lane mineral belt in mining-friendly Arizona. The project demonstrates significant upside exploration potential within a 3,570 hectare (8,821 acres) land package that includes a production history of over 500,000 ounces of gold. The Company's current focus is on maximizing Copperstone's potential by defining and expanding current resources and strengthening the mine's economics leading to a production decision.
Cautionary Note Regarding Forward Looking Statements
This news release contains forward-looking statements, including current expectations on the timing of the commencement of production and the rate of production, if commenced. These forward-looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. Such statements are based on current expectations, are subject to a number of uncertainties and risks, and actual results may differ materially from those contained in such statements. These uncertainties and risks include, but are not limited to, the strength of the Canadian economy; the price of gold; operational, funding, and liquidity risks; the degree to which mineral resource estimates are reflective of actual mineral resources; and the degree to which factors which would make a mineral deposit commercially viable are present; the risks and hazards associated with underground operations. Risks and uncertainties about Kerr Mines' business are more fully discussed in the Company's disclosure materials, including its annual information form and MD&A, filed with the securities regulatory authorities in Canada and available at www.sedar.com and readers are urged to read these materials. Kerr Mines assumes no obligation to update any forward-looking statement or to update the reasons why actual results could differ from such statements unless required by law.
Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release and no stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
SOURCE Kerr Mines Inc.
KERR MINES COMMENTS ON TRADING HALT
TORONTO, Oct. 6, 2017 /CNW/ - Kerr Mines Inc. ("Kerr" or the "Company") (TSX: KER, OTC: KERMF, FRA: 7AZ1)
The securities trade halt on October 5th, 2017 was prompted by a delay in filing of the documents related to the year ended June 30th, 2017. The Company is working to resolve the issue in the most efficient and timely manner.
The Company has not filed the following periodic disclosures required by legislation:
audited annual financial statements for the year ended June 30, 2017;
management's discussion and analysis relating to the audited annual financial statements for the year ended June 30, 2017;
annual information form for the year ended June 30, 2017; and
certification of the foregoing filings as required by National Instrument 52-109 Certification of Disclosure in Issuers' Annual and Interim Filings.
About Kerr Mines Inc.
Kerr Mines is a North American gold development and exploration company currently advancing the 100% owned, fully permitted past-producing Copperstone Mine project. Copperstone is a high-grade gold project located along the Walker Lane mineral belt in mining-friendly Arizona. The project demonstrates significant upside exploration potential within a 3,570 hectare (8,821 acres) land package that includes a production history of over 500,000 ounces of gold. The Company's current focus is on maximizing Copperstone's potential by defining and expanding current resources and strengthening the mine's economics leading to a production decision.
Cautionary Note Regarding Forward Looking Statements
This news release contains forward-looking statements, including current expectations on the timing of the commencement of production and the rate of production, if commenced. These forward-looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. Such statements are based on current expectations, are subject to a number of uncertainties and risks, and actual results may differ materially from those contained in such statements. These uncertainties and risks include, but are not limited to, the strength of the Canadian economy; the price of gold; operational, funding, and liquidity risks; the degree to which mineral resource estimates are reflective of actual mineral resources; and the degree to which factors which would make a mineral deposit commercially viable are present; the risks and hazards associated with underground operations. Risks and uncertainties about Kerr Mines' business are more fully discussed in the Company's disclosure materials, including its annual information form and MD&A, filed with the securities regulatory authorities in Canada and available at www.sedar.com and readers are urged to read these materials. Kerr Mines assumes no obligation to update any forward-looking statement or to update the reasons why actual results could differ from such statements unless required by law.
Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release and no stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
SOURCE Kerr Mines Inc.
Hoping the IIROC issue is resolved later today in Canada?
http://www.b-tv.com/kerr-mines-commercial-15sec/
http://www.wmcactionnews5.com/story/36527340/iiroc-trading-halt-ker
http://www.tucsonnewsnow.com/story/36527340/iiroc-trading-halt-ker
http://www.khq.com/story/36527340/iiroc-trading-halt-ker
https://www.securities-administrators.ca/cease_trade.aspx?id=171
http://www.osc.gov.on.ca/en/19855.htm
Hopefully this will be resolved promptly...
My gut tells me this must be resolved promptly or the Kerr Mines AGM on Oct 24th is going to be a
https://www.securities-administrators.ca/cease_trade.aspx?id=1483
Let's hope Kerr Mines is trading again on Friday? If not Monday is a holiday in Ontario, Canada so ... Thanksgiving...? Well, what do we have to be thankful for .. the Copperstone million+ au oz mine in Arizona...
http://www.marketwired.com/press-release/iiroc-trading-halt-suspension-de-la-negociation-par-locrcvm-ker-all-issues-2236185.htm
"...IIROC Trading Halt / Suspension de la negociation par l'OCRCVM - KER (all issues)
TORONTO, ONTARIO--(Marketwired - Oct. 5, 2017) - The following issues have been halted by IIROC / L'OCRCVM a suspendu la négociation des titres suivants :
Company / Société : Kerr Mines Inc.
TSX Symbol / Symbole TSX : KER (all issues)
Reason / Motif : CTO / Interdiction d'opérations sur valeurs (IOV)
Halt Time (ET) / Heure de la suspension (HE) 07:39 am (ET) / 07 h 39 (HE)
IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.
L'OCRCVM peut prendre la décision de suspendre (ou d'arrêter) temporairement les opérations à l'égard d'un titre d'une société cotée en bourse. Les arrêts des opérations sont mis en oeuvre afin d'assurer le bon fonctionnement d'un marché équitable. L'OCRCVM est l'organisme d'autoréglementation national qui surveille l'ensemble des courtiers en placement et l'ensemble des opérations effectuées sur les marchés des titres de capitaux propres et les marchés des titres de créance au Canada.
Please note that IIROC is not able to provide any additional information regarding a specific trading halt. Information is limited to general enquiries only. Veuillez prendre note que l'OCRCVM n'est pas en mesure de fournir d'informations supplementaires au sujet d'une suspension des negociations en particulier. L'information est restreinte aux questions generales.
CONTACT INFORMATION
IIROC Inquiries
Service des enquetes de l'OCRCVM
1 877 442 4322 (option 2) ..."
Let's hope Kerr Mines is trading again on Friday? If not Monday is a holiday in Ontario, Canada so ... Thanksgiving...? Well, what do we have to be thankful for .. the Copperstone million+ au oz mine in Arizona...
http://www.marketwired.com/press-release/iiroc-trading-halt-suspension-de-la-negociation-par-locrcvm-ker-all-issues-2236185.htm
"...IIROC Trading Halt / Suspension de la negociation par l'OCRCVM - KER (all issues)
TORONTO, ONTARIO--(Marketwired - Oct. 5, 2017) - The following issues have been halted by IIROC / L'OCRCVM a suspendu la négociation des titres suivants :
Company / Société : Kerr Mines Inc.
TSX Symbol / Symbole TSX : KER (all issues)
Reason / Motif : CTO / Interdiction d'opérations sur valeurs (IOV)
Halt Time (ET) / Heure de la suspension (HE) 07:39 am (ET) / 07 h 39 (HE)
IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.
L'OCRCVM peut prendre la décision de suspendre (ou d'arrêter) temporairement les opérations à l'égard d'un titre d'une société cotée en bourse. Les arrêts des opérations sont mis en oeuvre afin d'assurer le bon fonctionnement d'un marché équitable. L'OCRCVM est l'organisme d'autoréglementation national qui surveille l'ensemble des courtiers en placement et l'ensemble des opérations effectuées sur les marchés des titres de capitaux propres et les marchés des titres de créance au Canada.
Please note that IIROC is not able to provide any additional information regarding a specific trading halt. Information is limited to general enquiries only. Veuillez prendre note que l'OCRCVM n'est pas en mesure de fournir d'informations supplementaires au sujet d'une suspension des negociations en particulier. L'information est restreinte aux questions generales.
CONTACT INFORMATION
IIROC Inquiries
Service des enquetes de l'OCRCVM
1 877 442 4322 (option 2) ..."
Trading HALT for Kerr Mines; NOT-an-issue imho
We will be trading again soon...
Was the trading HALT just lifted?
Trading HALT for Kerr Mines; NOT-an-issue imho
We will be trading again soon...
http://www.b-tv.com/kerr-mines-commercial-15sec/
Might Sibanye create a joint-venture with Kerr Mines or simply acquire the Copperstone Gold mine?
http://www.b-tv.com/kerr-mines-commercial-15sec/
Might Agnico Eagle create a joint-venture with Kerr Mines or simply acquire the Copperstone Gold mine?
Hoping the POG, Agnico and Kerr all climb in 2018?
http://www.b-tv.com/kerr-mines-commercial-15sec/
Might Gold Fields create a joint-venture with Kerr Mines or simply acquire the Copperstone Gold mine?
http://www.b-tv.com/kerr-mines-commercial-15sec/
Might Kinross create a joint-venture with Kerr Mines or simply acquire the Copperstone Gold mine?
Simply forging ahead,
GPB
P $ Cheers, Popeye...
http://www.b-tv.com/kerr-mines-commercial-15sec/
Might Goldcorp create a joint-venture with Kerr Mines or simply acquire the Copperstone Gold mine?
http://www.b-tv.com/kerr-mines-commercial-15sec/
Might Polyus create a joint-venture with Kerr Mines or simply acquire the Copperstone Gold mine?
http://www.b-tv.com/kerr-mines-commercial-15sec/
Might Newcrest Mining create a joint-venture with Kerr Mines or simply acquire the Copperstone Gold mine?
http://www.b-tv.com/kerr-mines-commercial-15sec/
Might Newmont create a joint-venture with Kerr Mines or simply acquire the Copperstone Gold mine?
http://www.b-tv.com/kerr-mines-commercial-15sec/
Might Barrick create a joint-venture with Kerr Mines or simply acquire the Copperstone Gold mine?