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.
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.
By the time they get the pp done there should be some news flow http://investorshub.advfn.com/boards/read_msg.aspx?message_id=29522279
Great day for Vast little taste of whats coming after pp closes
T
PharmaGap animal tests show 34% reduction in tumour size and increased survival in solid tumour tests of two colon cancer cell lines
OTTAWA, June 2 /CNW Telbec/ - PharmaGap Inc. (TSX-V: GAP) ("PharmaGap" or
"the Company") released today additional results of animal studies indicating
effectiveness of its lead cancer drug, PhG-alpha-1, in treating two types of
highly aggressive human colon cancer. These results are consistent with and
augment earlier results using breast and colon cancers announced by the
Company on April 17, 2008.
The two human cancer cell lines used are both colorectal cancers which
are known to be aggressive and difficult to successfully treat.
In these final two of five human cancer models studied, a total of
100 mice in which human colon cancer cells of two different types had
previously been implanted subcutaneously and allowed to grow into solid body
tumours of a palpable size were then treated with PhG-alpha-1 at three doses
(1, 5, and 10 mg/kg body weight), both singly and in combination with
chemotherapeutic agents, or received saline solution or the chemotherapeutic
agent alone as test controls.
The results indicate an extension of survival and reduction of tumour
volume in groups treated with PhG-alpha-1, alone and in combination with
chemotherapy.
Robert McInnis, President & CEO commented "We are delighted with this
additional compelling evidence of efficacy seen with our lead compound in
these most recent results. These cancers are both aggressive and
representative of cancers found in real patients. These additional test
results add to the body of evidence that PhG-alpha-1 has the potential to be
developed into an effective agent against cancer in humans."
Colon Cancer (early stage type) subcutaneous model
--------------------------------------------------
Human colon cancer cells type LS180, known to be highly invasive, were
implanted beneath the skin and provided time to develop palpable tumours,
following which treatment began.
The group receiving PhG-alpha-1 both singly and in combination treatment
exhibited an extension of survival when compared to the group receiving
chemotherapy alone. Average days survival following commencement of treatment
was 31 for the group receiving chemotherapy alone (with a maximum of 37 days),
extended by almost 30% to 40 days in the groups receiving PhG-alpha-1 alone
(with a maximum of 56 days), and 32 days in the groups receiving combined
treatment (with a maximum of 47 days).
In the group receiving the chemotherapy treatment alone, average tumour
volume of 1,000 cubic mm was reached in 26 days, compared to 33 days (26%
slower) for the combined treatments at PhG-alpha-1 doses of 5 and 10 mg/kg,
and 44 days (69% slower) for groups treated with PhG-alpha-1 alone at each of
the 3 doses. Moreover, the average tumour size at time of euthanasia was
3,681 cubic mm for the group receiving the chemotherapy alone, 2,929 cubic mm
for all combined treatment groups, and 2,417 cubic mm for the groups receiving
PhG-alpha-1 alone. The overall reduction in tumour volume compared to the
control group receiving chemotherapy alone was approximately 20% for combined
treatments and approximately 34% for groups treated with PhG-alpha-1 alone.
Colon Cancer (later stage type) subcutaneous model
--------------------------------------------------
A later stage human colon cancer cell line, known to be highly drug
resistant, was implanted beneath the skin and provided time to develop
palpable tumours, following which treatment began. In earlier in vitro testing
at Memorial Sloan Kettering Cancer Center in New York, PhG-alpha-1 was shown
to have a strong effect against this cell line, increasing the efficacy of the
chemotherapy agent used by 50%.
This cancer cell line is known to exhibit very slow growth, resulting in
a lower number of tumour occurrences in this test cohort. In this current
test, observations of mice in which tumours did develop show a positive effect
of the combined treatment using PhG-alpha-1 when compared to the mice
receiving chemotherapy alone, on both extension of survival and limitation of
tumour volume. In ex vivo examination of cells obtained from the tumours,
those obtained from the tumours from the combined treatment groups exhibited a
very low yield of viable cells compared to the chemotherapy alone group, an
additional indicator of effectiveness of the combined PhG-alpha-1 treatment.
Overall, these results are consistent with and support those obtained earlier
at Memorial Sloan Kettering Cancer Center.
About PharmaGap Inc.
PharmaGap Inc. (TSX-V: GAP), based in Ottawa, ON, is a biotechnology
company with a core focus on developing novel therapeutic compounds for the
treatment of cancer. PharmaGap's research platform targets cellular signalling
pathways controlled by Protein Kinase C (PKC) isoforms. PharmaGap's lead drug
compound, PhG-alpha-1, is in preclinical development and targets PKC alpha.
The Company's strategy is to out-license drug compounds to larger life
sciences companies at the preclinical stage. For more information on PharmaGap
please visit the Company's website at www.pharmagap.com.
Note: The TSX-Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release. No Securities Commission or other
regulatory authority having jurisdiction over PharmaGap has approved or
disapproved of the information contained herein. This release contains forward
looking statements that may not occur or may change materially.
For further information: relating to this Release: Robert McInnis,
President & CEO, (613) 990-9551, bmcinnis@pharmagap.com
what an achievement!
T
the source
T
The tsx would not approve thier latest deal and placement without this regulatory stuff being in order.
Your correct it relates to thier Canadian holdings.
This Statement of Reserves Data and Other Oil and Gas Information {the “Statement”} is dated May 27, 2008. The effective date of the information provided in the Statement is January 31, 2008 unless otherwise indicated. The information was prepared between January 31, 2008 and April 30, 2008.
Salman getting a piece of the action today
Phoscan Chemical arranges $39.9-million bought deal
2008-05-28 15:06 MT - News Release
Mr. Stephen Case reports
PHOSCAN ANNOUNCES $40 MILLION BOUGHT DEAL PRIVATE PLACEMENT FINANCING
Phoscan Chemical Corp. has entered into an agreement with Wellington West Capital Markets Inc., on behalf of a syndicate of underwriters, to raise $39.9-million by way of a bought-deal private placement. Under the agreement, the underwriters have agreed to purchase 21 million common shares of Phoscan from treasury, at a price of $1.90 per common share, for gross proceeds of $39.9-million.
Phoscan has granted the underwriters an option to purchase up to an additional eight million common shares at the issue price for additional gross proceeds of up to $15.2-million. The option is exercisable at any time up to 48 hours prior to closing of the offering.
Closing of the offering is expected to occur on or about June 16, 2008, and is subject to certain conditions, including receipt of all necessary securities regulatory approvals (including the approval of the TSX Venture Exchange), and execution and delivery of a definitive underwriting agreement and related documentation.
The proceeds from the offering will be used for advancement of the Martison phosphate project, working capital and general corporate purposes.
Phoscan will pay a cash fee to the underwriters equal to 5.0 per cent of the gross proceeds of the offering. In addition, the underwriters will receive non-transferable compensation warrants exercisable for such number of common shares as is equal to 2.5 per cent of the number of common shares issued pursuant to the offering. The compensation warrants will be exercisable at a price of $1.90 per share for a period of 12 months after the closing of the offering.
Tango Energy sells Cecilia assets for $10-million
2008-05-28 15:53 MT - News Release
Mr. John Gunn reports
TANGO ENERGY INC. - OPERATIONAL UPDATE
Tango Energy Inc. has sold its Cecilia area assets, which represent approximately 200 barrels of oil equivalent per day of natural gas production net to Tango. The property consists of two adjoining sections of land containing eight natural gas wells, with an average working interest of 40 per cent. The effective date of the sale is April 1, 2008, and the purchase price is $10-million. The proceeds from the sale will be used to eliminate Tango's debt of approximately $4-million, and the balance will be used together with cash flow to finance Tango's continuing activities.
Subsequent to the sale, Tango will have approximately 360 barrels of oil equivalent per day of remaining production, approximately 400 barrels of oil equivalent per day of additional production behind pipe and waiting to be tied in in Quaich, and a positive working capital position of approximately $6-million.
The operator of Quaich has advised that it expects to commence pipelining at Quaich after spring breakup and after surface access restrictions have been removed in June. It is then anticipated that production from the Quaich well will commence in early August, 2008. A seismic program and an additional well are expected to be a part of the capital program for this property prior to the end of 2008.
Norwood finds significant hydrocarbons in Nicaragua
2008-05-22 10:29 MT - News Release
Mr. Raymond Cahill reports
NORWOOD IDENTIFIES 138 FEET OF HYDROCARBONS IN WELL # 3 AT MADERAS NEGRAS
Norwood Resources Ltd. has identified significant hydrocarbons in its third well, the Maderas Negras No. 1 well, in Nicaragua. The well was drilled to a depth of 6,400 feet to test sands of the Paleocene Brito formation. Potential net hydrocarbon pay of 138 feet has been identified based on Schlumberger's logs and ELAN processing using criteria limits for porosity of 10 per cent or greater and hydrocarbon saturations of 40 per cent or greater. Porosities in these reservoirs ranged from 10 per cent to greater than 30 per cent. The logging data will be further calibrated to the 60 feet of whole-core sample retrieved during drilling, which is currently being analyzed by Core Labs in Houston, Tex.
The Maderas Negras Brito formation interval bearing the 138 feet of net pay is the same as in the San Bartolo well, three miles to the southwest, where ELAN processing has also identified 172 feet of net pay. Additionally, 387 feet of new net hydrocarbon pay has been identified in the overlying Masachapa formation in the San Bartolo well. This unit was not targeted in the Maderas Negras well. These hydrocarbons had not been previously recognized due to affect of flushing of near wellbore hydrocarbons by overweight drilling fluids used in the drilling of the San Bartolo well.
Production testing of the Maderas Negras well will likely commence in July, 2008, after the intervals to be completed have been determined. In the meantime, Norwood has commenced operations to re-enter the San Bartolo well. The San Bartolo well will be cased hole logged by Schlumberger and evaluated to determine the need for fracture stimulation and retesting of the intervals recommended by Object Reservoir in their review of the 2007 production testing results.
The company is now moving forward with an extensive testing program to determine the sustained productivity potential and commerciality of these hydrocarbon-bearing formations. Additionally, plans for a separate test of the Masachapa formation potential are in development.
Thats how the game is played
Pacer - My Rain
Thanks Susan :) :) :)
Serj Tankian & Buckethead
Foo Fighters + Serj Tankian - Holiday in Cambodia
something to do with permafrost if i recall :)
Edward Sampson, chief executive officer of Niko, and Bill Hornaday, chief operating officer of Niko, were both in Erbil for the signing and stated, "Niko is excited about the potential for the block and is planning to commence operations immediately."
Biggest buyer today: MacQuarie 774,000 shares = $538,680.00
They got the increase in pp today...
"Vast Exploration Inc. has agreed to increase the size of the previously announced underwritten private placement of units to $30-million. The company has entered into a revised agreement with a syndicate of underwriters led by Canaccord Capital Corp. and including Macquarie Capital Markets Canada Ltd."
Vast Exploration signs Iraq exploration deal
2008-05-20 16:01 MT - News Release
Mr. Stan Bharti reports
VAST COMPLETES PRODUCTION SHARING CONTRACT IN THE KURDISTAN REGION-IRAQ
Vast Exploration Inc., with its consortium partner Niko Resources Ltd., as operator, has entered into a production sharing contract (PSC) with the Kurdistan Regional Government -- Iraq (KRG), for the exploration, development and production of petroleum resources in the 846-square-kilometre Qara Dagh block in the Sulaymaniya governorate of the Federal Region of Kurdistan -- Iraq.
The Kurdistan licence map can be found on-line.
The company has been involved in a competitive bidding process and advanced negotiations with the KRG over the past eight months. The final terms were agreed in principle late last year, subject to KRG approving the operator. Under the final agreement reached with the KRG, Niko Resources Ltd. shall act as operator for the block. Niko Resources Ltd., with a market capitalization in excess of $4.5-billion, was selected by the company as the operating partner due to its considerable international experience, including activities in India, Thailand and Bangladesh.
According to the terms of the PSC, the consortium has a 60-per-cent net participating interest, not subject to further dilution by the KRG. Vast and Niko Resources Ltd. each hold a 27-per-cent net participation interest in the block, and Groundstar Resources Ltd., the third member of the consortium will have a minority net participation interest of 6 per cent. The government will have a direct 20-per-cent interest which will be carried exclusively by the consortium. The remaining 20 per cent is reserved by the government to be assigned to a third party or parties within a period of eight months, with the requirement to pay back their share of petroleum costs incurred by the consortium.
The obligations under the PSC include a one-time signature bonus and initial capacity building bonus paid to the government within a period of 30 days from the execution date of the contract. Annual contributions to personnel, training, environmental and technological funds established by the government, as well as further community support contributions, are to be paid over a period of 15 months to assist with infrastructure projects in the region. The consortium will also be responsible for paying its proportionate share of certain production bonuses in the case of commercial discovery. The remaining minimum work program obligation represents an exploration commitment, expected to commence in the near future, which includes the acquisition, processing and interpretation of a minimum of 300 kilometres of 2-D seismic data and drilling of one well during the first exploration period. The company expects to spend in excess of $40-million over the next three years on the block. During the next 90 days, the company intends to evaluate its financing options to raise approximately $30-million, of which, it anticipates approximately $10-million will be spent on capital expenditures in 2008.
Stan Bharti, chairman of the board of directors, commented: "This transaction is a significant milestone for our company and its shareholders. We have been evaluating opportunities globally for Vast, and we are delighted to get involved in a region with relatively low geological risk, reasonable commercial terms and clearly established transparent contractual model and legal framework. The Qara Dagh block offers excellent potential for a major oil discovery, and it strongly positions the company to pursue further opportunities in the region. We look forward to an aggressive exploration campaign."
Preliminary geological studies including surface mapping and subsurface stratigraphical analysis have been initiated by the company. An independent evaluator engaged by the company has reviewed neighbouring oil and gas accumulations with recoverable reserves in the range of 30 million to 600 million barrels oil equivalent based on previously released public information.
Edward Sampson, chairman of Niko Resources Ltd., commented, "We are very pleased to partner with Vast on this world-class opportunity."
Conference call
The company will host a conference call to update shareholders on Wednesday, May 21, at 11 a.m. ET. Mr. Bharti, Ahmed Said and General (retired) Jay Garner will moderate the call.
Date: Wednesday, May 21, 11 a.m. ET. Local callers: 416-695-6320, North American callers: 1-888-818-4097, international callers: +1-416-695-6320.
Kurdistan region
The Kurdistan region is a semi-autonomous area located in the Federal Republic of Iraq, adjacent to Turkey, Iran and Syria. The KRG is a secular, democratically elected body that exercises executive power within the region. Due to historical political issues, this area has had very limited petroleum exploration and exploitation, despite being located in a prolific basin with giant discoveries such as the Kirkuk field.
Niko Resources signs Kurdistan production sharing deal
2008-05-20 14:45 MT - News Release
Mr. Edward Sampson reports
NIKO SIGNS FIRST PRODUCTION SHARING CONTRACT IN KURDISTAN
Niko Resources Ltd., as operator for a consortium, has entered into its first production sharing contract (PSC) with the Kurdistan regional government (KRG) for the exploration, development and production of petroleum resources in the 846-square-kilometre Qara Dagh block in Sulaymaniyah governorate of the federal region of Kurdistan, Iraq.
One of the members of the consortium has been in advance negotiations with the KRG over the past eight months. Forming an acceptable consortium with a qualified operator was one of the terms to be finalized.
The PSC provides that Niko will operate and have a 27-per-cent participating interest. The block lies on trend with existing discoveries, a portion of which covers a large unexplored 65-kilometre-long by six-kilometre-wide surface structure with existing oil seeps. Of interest, Qara Dagh translates to Black Mountain.
The consortium has a 60-per-cent participating interest that is not subject to further dilution by the KRG. The government will have a direct 20-per-cent interest and will be carried exclusively by the consortium. The remaining 20 per cent will be assigned by the government to a third party or parties, within a period of eight months, with the requirement to pay back the share of costs incurred by the consortium.
The obligations under the PSC include a one-time signature bonus and capacity-building bonus paid to the government within 30 days from the execution date of the contract. Annual contributions to personnel, training and technological funds established by the government, as well as community support contributions, are to be paid over a period of 15 months to assist with infrastructure projects in the area. The consortium will also be responsible for paying its proportionate share of certain production bonuses in the case of commercial discovery. The remaining minimum work program obligations represent an exploration commitment, expected to commence in the near future, which includes the acquisition, processing and interpretation of a minimum of 300 kilometres of 2-D seismic data and drilling of one well during the first exploration period.
Edward Sampson, chief executive officer, and Bill Hornaday, chief operating officer, were both in Erbil for the signing and stated, "Niko is excited about the potential for the block and is planning to commence operations immediately."
Vast Exploration signs Iraq exploration deal
2008-05-20 16:01 MT - News Release
Mr. Stan Bharti reports
VAST COMPLETES PRODUCTION SHARING CONTRACT IN THE KURDISTAN REGION-IRAQ
Vast Exploration Inc., with its consortium partner Niko Resources Ltd., as operator, has entered into a production sharing contract (PSC) with the Kurdistan Regional Government -- Iraq (KRG), for the exploration, development and production of petroleum resources in the 846-square-kilometre Qara Dagh block in the Sulaymaniya governorate of the Federal Region of Kurdistan -- Iraq.
The Kurdistan licence map can be found on-line.
The company has been involved in a competitive bidding process and advanced negotiations with the KRG over the past eight months. The final terms were agreed in principle late last year, subject to KRG approving the operator. Under the final agreement reached with the KRG, Niko Resources Ltd. shall act as operator for the block. Niko Resources Ltd., with a market capitalization in excess of $4.5-billion, was selected by the company as the operating partner due to its considerable international experience, including activities in India, Thailand and Bangladesh.
According to the terms of the PSC, the consortium has a 60-per-cent net participating interest, not subject to further dilution by the KRG. Vast and Niko Resources Ltd. each hold a 27-per-cent net participation interest in the block, and Groundstar Resources Ltd., the third member of the consortium will have a minority net participation interest of 6 per cent. The government will have a direct 20-per-cent interest which will be carried exclusively by the consortium. The remaining 20 per cent is reserved by the government to be assigned to a third party or parties within a period of eight months, with the requirement to pay back their share of petroleum costs incurred by the consortium.
The obligations under the PSC include a one-time signature bonus and initial capacity building bonus paid to the government within a period of 30 days from the execution date of the contract. Annual contributions to personnel, training, environmental and technological funds established by the government, as well as further community support contributions, are to be paid over a period of 15 months to assist with infrastructure projects in the region. The consortium will also be responsible for paying its proportionate share of certain production bonuses in the case of commercial discovery. The remaining minimum work program obligation represents an exploration commitment, expected to commence in the near future, which includes the acquisition, processing and interpretation of a minimum of 300 kilometres of 2-D seismic data and drilling of one well during the first exploration period. The company expects to spend in excess of $40-million over the next three years on the block. During the next 90 days, the company intends to evaluate its financing options to raise approximately $30-million, of which, it anticipates approximately $10-million will be spent on capital expenditures in 2008.
Stan Bharti, chairman of the board of directors, commented: "This transaction is a significant milestone for our company and its shareholders. We have been evaluating opportunities globally for Vast, and we are delighted to get involved in a region with relatively low geological risk, reasonable commercial terms and clearly established transparent contractual model and legal framework. The Qara Dagh block offers excellent potential for a major oil discovery, and it strongly positions the company to pursue further opportunities in the region. We look forward to an aggressive exploration campaign."
Preliminary geological studies including surface mapping and subsurface stratigraphical analysis have been initiated by the company. An independent evaluator engaged by the company has reviewed neighbouring oil and gas accumulations with recoverable reserves in the range of 30 million to 600 million barrels oil equivalent based on previously released public information.
Edward Sampson, chairman of Niko Resources Ltd., commented, "We are very pleased to partner with Vast on this world-class opportunity."
Conference call
The company will host a conference call to update shareholders on Wednesday, May 21, at 11 a.m. ET. Mr. Bharti, Ahmed Said and General (retired) Jay Garner will moderate the call.
Date: Wednesday, May 21, 11 a.m. ET. Local callers: 416-695-6320, North American callers: 1-888-818-4097, international callers: +1-416-695-6320.
Kurdistan region
The Kurdistan region is a semi-autonomous area located in the Federal Republic of Iraq, adjacent to Turkey, Iran and Syria. The KRG is a secular, democratically elected body that exercises executive power within the region. Due to historical political issues, this area has had very limited petroleum exploration and exploitation, despite being located in a prolific basin with giant discoveries such as the Kirkuk field.
Frightened Rabbit - Square 9
and if beet farmers are moving into grains how does that benefit Rogers?
possible to issue a commence trading order?
Ya think we need promoting?
Google "Potash":
page 1 Potash Corp, Agrium, Athabasca Potash
page 2 Potash Corp news release from July 2007
page 3 Potash Corp, BHP
page 4 Western Potash lol, BHP, Potash Corp, Intrepid Potash
...
...
...
...
...
page 10 Potash One lol
NATIONAL INSTRUMENT 44-101
SHORT FORM PROSPECTUS DISTRIBUTIONS
NOTICE DECLARING INTENTION
TO BE QUALIFIED UNDER
NATIONAL INSTRUMENT 44-101
SHORT FORM PROSPECTUS DISTRIBUTIONS
(“NI 44-101”)
May 12, 2008
To: Ontario Securities Commission
And to: British Columbia Securities Commission
Alberta Securities Commission
Autorité des Marchés Financiers
PharmaGap Inc. (the “Issuer”) intends to be qualified to file a short form prospectus under NI
44-101. The Issuer acknowledges that it must satisfy all applicable qualification criteria prior to filing a
preliminary short form prospectus. This notice does not evidence the Issuer’s intent to file a short
form prospectus, to enter into any particular financing or transaction or to become a reporting issuer
in any jurisdiction. This notice will remain in effect until withdrawn by the Issuer.
PHARMAGAP INC.
By:
Simon Goulet
Chief Operating
Officer
You will never make it as a board Nazi lol
Potash One's to conduct exploration on new licences
2008-05-14 04:57 MT - News Release
Mr. Paul Matysek reports
POTASH ONE REPORTS HISTORICAL DATA ON NEW PERMITS
Potash One Inc. has released the results of a preliminary review of existing historical data on the newly acquired permits, KP-355, KP-356 and KP-357 (NR08-13, April 11, 2008), located in Southern Saskatchewan and adjacent to the largest solution potash mine in the world.
Preliminary data obtained from commercial databases and files held by the Saskatchewan Ministry of Energy and Resources indicates that previous exploratory drilling has been conducted on the newly acquired ground, and limited examination indicates that all three potash-bearing members are present in varying thicknesses, grade and distribution within the Prairie evaporite basin.
Work on the newly acquired properties consisted of the collection and analysis of all available historical public data which included geophysical borehole logs from previously drilled test holes, historical potash core analyses, geological reports where available, the preparation of structural and stratigraphic cross-sections, examination of drill cores where available, a review of historical seismic maps and a preliminary investigation into solution-mining amenability.
Data collected to date shows that previous exploration and analysis within the new permits has been conducted by Imperial Oil, Sohio Petroleum Co., Dillman Oil Properties Ltd. and Francana Oil and Gas Ltd. in the 1950s and 1960s.
Publicly available data pertaining to the previous drill holes indicate that the principal potash-bearing beds of the Patience Lake, Belle Plaine and Esterhazy members are present as set out in the table entitled "Patience Lake, Belle Plaine and Esterhazy."
PATIENCE LAKE, BELLE PLAINE AND ESTERHAZY
Depth to
top of
uppermost Depth to base Thickness of
sylvinite bed of lowermost combined
in the sylvinite bed Patience Lake,
Patience in the Belle Plaine
Lake member, Esterhazy and Esterhazy
Well name Permit m (ft) member, m (ft) member, m (ft)
Imperial Lumsden
11-11-20-22 W2M 355 1,468 (4,816) 1,516 (4,973) 48 (157)
Dillman Tuxford No.
1 1-3-19-26 W2M 357 1,565 (5,132) 1,618 (5,308) 53 (176)
Francana Marquis 357 1,562 (5,124) 1,615 (5,298) 53 (174)
MINERALIZATION SUMMARY FOR THE IMPERIAL LUMSDEN 11-11
Wt. avg. Wt. avg.
Top, m Base, m Thickness, Wt. avg. Carnallite insolubles
Member/unit (ft) (ft) m (ft) K20% % %
Upper
Patience 1468.4 1473.6 5.2 22.48 1.10 14.90
Lake zone (4816.3) (4833.5) (17.2)
Lower
Patience 1480.1 1482.6 2.5 16.08 0.74 7.01
Lake zone (4854.6) (4862.9) (8.3)
Belle Plaine 1485.6 1493.8 8.2 20.29 0.78 3.53
zone (4872.8) (4899.7) (26.9)
Esterhazy 1510.2 1516.3 6.1 34.11 0.64 4.07
zone (4953.4) (4973.5) (20.1)
Maybe golfing in Ottawa next month...
... edit wrong board u can delete this post
thats a sad chart
apparently Paul will turn those options over to Potash One
In addition, Potash One has nominated Paul Matysek to the Timer board of directors to oversee Potash One's investment in Timer. Mr. Matysek has agreed that any personal economic benefit resulting from his appointment to the Timer board of directors will instead accrue to Potash One.
lol one day after .30 warrants expire it takes off
welcome to the adventure exchange
Potash One to invest in Saskatchewan potash junior
2008-05-13 12:04 MT - News Release
Also News Release (C-TES) Timer Explorations Inc
Mr. Paul Matysek of Potash One reports
POTASH ONE SUBSCRIBES FOR EQUITY OF NEW SASKATCHEWAN POTASH JUNIOR
Potash One Inc. has confirmed that the two potash permit applications (KP 416 and KP 417) sold by the company to 0821474 B.C. Ltd. (Numberco), a subsidiary of Peninsula Merchant Syndications Corp., a private company at arm's length to the company, and its directors and officers, have been sold by Peninsula to Timer Explorations Inc., a reporting issuer in British Columbia which common shares are listed on the TSX Venture Exchange and which is also at arm's length to the company, and its directors and officers.
To acquire the permits, Timer will purchase all of the outstanding shares of Numberco. This acquisition by Timer is part of a larger transaction pursuant to which Timer will also complete:
* A subdivision of its shares on a two new shares for one old share basis;
* An $8.4-million private placement of units at a price of 35 cents per unit, each unit consisting of one postsplit common share and one postsplit common share purchase warrant entitling the holder to purchase a further postsplit common share at a price of 50 cents per share for a period of two years;
* The change of the name of Timer to Potash North or another name reflective of the new business of Timer.
The appointment of new directors and officers to the board of Timer.
In connection with the sale, Timer will indirectly assume Numberco's obligations under the original agreement between Numberco and the company, including the obligation to pay the balance of the purchase price for the permits, being approximately $2.6-million. In addition, Potash One also holds rights to:
1. Purchase a sufficient number of units in the private placement such that it will hold approximately 13 per cent of the outstanding common shares of Timer, on a non-diluted basis;
2. Purchase up to 20 per cent of any equity securities, other than stock options, issued by Timer for cash after the closing of the acquisition of the permits and the private placement, until the earlier of such time as Potash One holds less than 5 per cent of the outstanding shares of Timer and such time as Timer has completed three further equity financings;
3. Nominate a director to the board of Timer until the later of one year following closing of the acquisition and private placement and such time as Potash one holds less than 5 per cent of the outstanding voting securities of Timer.
Potash One has determined that it will participate in the Timer private placement. The amount of Potash One's participation has not yet been finalized, but is expected to result in Potash One holding 13 per cent of the outstanding shares of Timer upon completion of the transaction. In addition, Potash One has nominated Paul Matysek to the Timer board of directors to oversee Potash One's investment in Timer. Mr. Matysek has agreed that any personal economic benefit resulting from his appointment to the Timer board of directors will instead accrue to Potash One.
Mr. Matysek, president and chief executive officer of Potash One, stated that, "The Timer transaction provides Potash One with an excellent opportunity to make a significant investment at the ground floor level, in a newly established Saskatchewan potash exploration company."
$25M would be a start!
Spin spin spin
from the release...
Mr. Matysek has agreed that any personal economic benefit resulting from his appointment to the Timer board of directors will instead accrue to Potash One.