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WOW CNXS was trading @ $2,700,000.00 just 8 years ago!!! What happened?? LOL
IP Geophysical Survey Identifies Four Exploration Targets at
Canarc’s Windfall Hills Property in Central BC
https://www.sec.gov/Archives/edgar/data/868822/000113717116000388/newsrelease.htm
Vancouver, Canada – November 28, 2016 – Canarc Resource Corp. (TSX: CCM, OTC-BB: CRCUF, Frankfurt: CAN) announces that a Volterra 3D Induced Polarization ( 3DIP ) survey recently completed at its Windfall Hills property in central BC was successful in identifying four geophysical anomalies, each with the potential to host epithermal gold mineralization. The Windfall Hills gold property is located 65 kilometers (km) south of Burns Lake and 90 km northwest of New Gold’s 10 million oz Blackwater-Davidson gold discovery.
The four geophysical anomalies cover areas of coincidental high resistivity and chargeability. One of the anomalies is adjacent to two diamond drill holes completed on the property in 2014 that intersected a broad zone of epithermal gold-silver mineralization, including a 28 m core length intercept grading 1.54 grams per tonne (gpt) gold equivalent (AuEq) (0.89 g/t Au & 39 g/t Ag) in hole WH-14-03 (silver:gold ratio 60:1). These two holes only tested the edge of the geophysical anomaly identified at this location.
Canarc is very encouraged by these positive geophysical results, not only because they define a much larger target area adjacent to the previously drilled mineralization but also because they outline three other high priority anomalies for future drilling. Management will now develop plans and permits for a Phase 2 drill program at Windfall Hill for next summer.
The 3DIP survey conducted by SJ Geophysics of Delta, BC in September 2016 covered an area of 3.8 km2, about 10% of the Windfall Hills property, was surveyed at 100 m intervals on 200 m spaced line to a depth of 350 meters below surface. A smaller infill grid at 50 m intervals on 100 m spaced lines was completed for greater detail in one area that showed strong conductivity and resistivity responses. The field data were inverted utilizing the UBC-GIF inversion method to develop the models for the resistivity and chargeability properties of this survey.
The main exploration targets on the property are low sulphidation epithermal, disseminated and stockwork gold-silver deposits associated with Tertiary rhyolite volcanic centers, similar to the nearby Blackwater-Davidson gold discovery. These deposits are characterized by pervasive, multiple phases of silica, pyrite and argillic alteration.
Gold mineralization is associated with quartz stock-works and alteration zones of silica, pyrite, K-feldspar, sericite and clay. Anomalous gold, silver, and arsenic values appear to be associated with areas of more intense multi-stage silicification and brecciation.
Garry Biles, P. Eng, President & COO for Canarc Resource Corp, is the Qualified Person who reviewed and approved the contents of this news release.
Catalin Chiloflischi”
____________________
Catalin Chiloflischi, CEO
CANARC RESOURCE CORP.
About Canarc Resource Corp. - Canarc is a growth-oriented, gold exploration and mining Company listed on the TSX (CCM) and the OTC-BB (CRCUF). The Company is currently focused on acquiring operating or pre-production stage gold-silver-copper mines or properties in the Americas and further advancing its gold properties in north and central BC.
For More Information - Please contact: ?
Catalin Chiloflischi, CEO
Toll Free: 1-877-684-9700?Tel: (604) 685-9700?Fax: (604) 685-9744?
Email: catalin@canarc.net ?Website: www.canarc.net
Cautionary Note Regarding Forward-Looking Statements
This news release contains “forward-looking statements” within the meaning of the United States private securities litigation reform act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities legislation. Statements contained in this news release that are not historical facts are forward-looking information that involves known and unknown risks and uncertainties. Forward-looking statements in this news release include, but are not limited to, statements with respect to the future performance of Canarc, and the Company's plans and exploration programs for its mineral properties, including the timing of such plans and programs. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "has proven", "expects" or "does not expect", "is expected", "potential", "appears", "budget", "scheduled", "estimates", "forecasts", "at least", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur" or "be achieved".
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, risks related to the uncertainties inherent in the estimation of mineral resources; commodity prices; changes in general economic conditions; market sentiment; currency exchange rates; the Company's ability to continue as a going concern; the Company's ability to raise funds through equity financings; risks inherent in mineral exploration; risks related to operations in foreign countries; future prices of metals; failure of equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals; government regulation of mining operations; environmental risks; title disputes or claims; limitations on insurance coverage and the timing and possible outcome of litigation. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, do not place undue reliance on forward-looking statements. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward-looking statements except as required under applicable securities laws.
MMMW charts do mask many trade-less weeks, as well as completely obscuring true average price on volume trading, and quite effectively. I suppose when there is absolutely nothing else available to twist into implying something positive, some folks that are stuck holding will post just about anything, just to mislead a few more new suckers into this looser POS ticker.
Charts can't mask the complete failure of MMMW management, or the fact that PPS have been declining by well over 50% each year on average over the last 7 years.
MMMW charts are somewhat misleading due to big upticks on very low volume EoD trades masking the factual truth of the many no trade days in a row and the days when trading down volumes tend to exponentially outpace any up volume. MMMW has no cash, no sales, no assets, an exhausted share structure, and weak management.
Here is a link to the agreement PR, don't think the actual agreement contract will be released any time soon, if ever.
http://www.prnewswire.com/news-releases/empire-diversified-energy-announces-master-services-agreement-with-waste-management-corporation-300364174.html
CRCUF Q3 financial report was released last Wednesday, quietly;
https://www.sec.gov/Archives/edgar/data/868822/000113717116000377/fins.htm
All appears in order with no significant changes to what has already been reported to date.
GGP-increased their dividend and "intends to pay a special dividend of about 25 cents a share".
"General Growth has been selling properties to pay down debt. It targets lowering its debt burden to about $18.5 billion by year's end. Company officials have said they expect to end the year with about $700 million to $800 million in cash and that they intend to set aside about $250 million of that to pay a special dividend of about 25 cents a share."
http://news.morningstar.com/all/dow-jones/us-markets/2016103113056/general-growth-properties-profit-benefits-from-asset-sales-but-revenue-falls-short.aspx
Earnings date and CC have not been announced yet, they should be around November 15 give or take a week. Last year's Q3 report was released 11/13 without a pre-anouncement or follow up CC, but I will attempt to encourage Catalin to hold a CC for us.
I don't disagree, Q3 report should be out in a couple of weeks and I'm not anticipating that will give us much more either. At least CRCUF is not currently dependent on further dilution, is trying to keep their shareholders informed and it sounds like Catalin is not only just sitting on his hands. I will be asking some questions during the conference call, if have any and want me to ask them, just let me know what they are, or please join us on the call.
The CNXS 10K or nt-10K was due a month ago and nothing filed... No Q reports filed for over a year either... Also a SEC ADMINISTRATIVE PROCEEDING cease and desist order agreed to last month too.
What is CNXS hiding from their common shareholders, why, and what the hell is going on???
Canarc Provides Update on Recent Achievements and Future Plans
Vancouver, Canada - October 31, 2016 - Canarc Resource Corp. (“Company”) (TSX: CCM, OTC-BB: CRCUF, Frankfurt: CAN) provides an update on recent achievements in the 3rd quarter 2016 and its plans for the 4th quarter 2016 and going forward.
Since the closing of the sale of Oro Silver in the 2nd quarter for $10.5M, Canarc has focused its efforts on three key objectives as follows:
1) Acquire or option new gold-silver exploration projects with existing gold resources and excellent exploration potential that are accretive to Canarc on a gold ounce per share basis
- In September 2016 Canarc closed an option to acquire a 75% interest in the FG Gold Project, BC on favorable terms. Additional exploration work at FG is planned to begin in 2017.
- During the quarter, the Company has reviewed several opportunities and completed three site visits to target projects that may lead to possible transactions in the near future.
- Going forward, the Company will continue to seek additional opportunities to acquire or option other advanced gold-silver assets that are accretive to Canarc.
2) Advance Windfall Hills Project through staged exploration to discovery and advance New Polaris Project by securing a new partner.
- In October 2016 Canarc successfully completed a 3D-IP Survey on the Windfall Hills property. Survey results should be available in November 2016.
- Based on the 3D-IP survey results, drill targets will be prioritized for drilling in 2017.
- New Polaris’ joint venture agreement with Panterra Gold was terminated in October 2016
- Canarc is currently seeking another joint venture partner interested in advancing the project through permitting and feasibility to production.
3) Acquisition of near term production assets in the Americas
- The company has been reviewing projects with near term producing potential located in Mexico, US and Canada. This work is expected to continue with a focus on projects on which our in house mine operating experience may be instrumental in uncovering and creating additional value.
Financial Update
Canarc is well funded with $10.6M cash and approximately $1.4M in marketable securities. The enhanced treasury allows the Company to pursue its growth strategies aimed to create additional value for shareholders.
Qualified Person
Garry Biles, P. Eng, President & COO for Canarc Resource Corp, is the Qualified Person who reviewed and approved the contents of this news release.
Catalin Chiloflischi”
____________________
Catalin Chiloflischi, CEO
CANARC RESOURCE CORP.
About Canarc Resource Corp. - Canarc is a growth-oriented, gold exploration and mining Company listed on the TSX (CCM) and the OTC-BB (CRCUF). The Company is currently focused on acquiring operating or pre-production stage gold-silver-copper mines or properties in the Americas and further advancing its gold properties in north and central BC.
For More Information - Please contact:
Catalin Chiloflischi, CEO
Toll Free: 1-877-684-9700 Tel: (604) 685-9700 Fax: (604) 685-9744
Email: catalin@canarc.net Website: www.canarc.net
Cautionary Note Regarding Forward-Looking Statements
This news release contains “forward-looking statements” within the meaning of the United States private securities litigation reform act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities legislation. Statements contained in this news release that are not historical facts are forward-looking information that involves known and unknown risks and uncertainties. Forward-looking statements in this news release include, but are not limited to, statements with respect to the potential strategic M&A transactions being contemplated by Canarc, the future performance of Canarc, and the Company's plans and exploration programs for its mineral properties, including the timing of such plans and programs. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "has proven", "expects" or "does not expect", "is expected", "potential", "appears", "budget", "scheduled", "estimates", "forecasts", "at least", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur" or "be achieved".
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, risks related to the uncertainties inherent in the estimation of mineral resources; commodity prices; changes in general economic conditions; market sentiment; currency exchange rates; the Company's ability to continue as a going concern; the Company's ability to raise funds through equity financings; risks inherent in mineral exploration; risks related to operations in foreign countries; future prices of metals; failure of equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals; government regulation of mining operations; environmental risks; title disputes or claims; limitations on insurance coverage and the timing and possible outcome of litigation. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, do not place undue reliance on forward-looking statements. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward-looking statements except as required under applicable securities laws.
Canarc Resource Corp.
Suite 301-700
West Pender Street
Vancouver, B.C., Canada, V6C 1G8
Email: catalin@canarc.net
Click here to unsubscribe from this list or email info@canarc.net indicating you wish to be unsubscribed.
Seems fact checking is not very important to some folks here;
Your unsupportable opinions as provided are just that, unsupportable. If you care to debate these FACTS as I have provided them, please link only signed documents, preferably filed with the SEC.
Here are some undisputable facts for you;
Did SOUM file a timely 8K report within 10 business days of a material event when Susan Sjo resigned on 4/27/15?
No o o o !
Has SOUM filed a 10Q quarterly financial report, audited or otherwise, that provides any information for any period after the August 3, 2015 1:1000 RS was executed?
No o o o !
Did SOUM file their audited annual form 10K on or before the fifteenth calendar day following the prescribed due date, as required by rules 12b-25(b) and (c)
No o o o !
Did the Western Grade acquisition LOI indicating 1,670,500 shares of convertible SOOUM Class D Preferred stock, equaling 6.6 Billion common shares upon conversion, match the MDA?
No o o o !
Did the Western Grade acquisition close on the date and time as described in the MDA?
No o o o !
Has SOUM provided any update or information relative to any agreed upon extension, as it was described may occur within the MDA?
No o o o !
Is it easy to find unsubstantiated information attempting to indicate that SOUM is "making money" or "is trading commodities" or "the company hasn't been selling shares" that has been provided by third parties?
Yes s s s !
Impressive! somebody dropped a whole $2.90 on green_paint...again,LOL
Apparently better than you do...Here is some help;
VVS-IG Post #55842 (only three days ago);
If more time was in fact agreed to by both parties, what is stopping SOUM from simply releasing a PR saying so? Since they had left that door open as a possibility in the definitive agreement PR, an announcement of an extension would be much more acceptable than no communication at all on the deal's current status.
I'm sure you must have seen plenty of good deals fall apart too, even after both parties have spent lots of time and plenty of effort trying to find common ground.
No, SOUM has only offered poisonous green baloney by stating "is in the final stages" when they had originally promised a fine prime rib meal by foolishly stating a date, time and place when a closing should have closed. As I have already said, for all shareholders now know at this point, the deal has completely collapsed, and that is that for that, and with no further updates (this scenario would not be considered a material event, as it would in fact be a non-event, so no reporting is required).
Why do you think this POS ticker has been not trading as though it has been halted over the last two trading sessions? I think you even said YOU were buying as of 4:02pm on 9/28. Well, well I don't see any trading to support that BS either, LOL.
"The final stages" could very well include the deal completely falling apart too, FYI.
It was the management of SOUM that foolishly provided a date and time for closing this acquisition, and that date and time has now passed without any word. Obviously if they had closed as they had projected, or alternatively come to terms on an extension, any management team with only a small amount of integrity at all would have updated their investors on what is now going on.
SOUM's silence on this matter is clearly a case where no news is is NOT good news for share holders, IMO and the trading volume over the last couple of days seems to support my POV too.
Thank you Renee, You provide a noble service to the public.
This has nothing to do with the SOUM filing history and the silly "up-listing to the QX" foolishness that is part of the more current subject matter I am reading here.
Now since you brought it up, was the offer in fact accepted "as is"? You may take note as per the date the post you quote was written, the "offer" was for the issuance of preferred shares, while common shares in fact were issued, and the agreement has not yet closed either. You might also take notice that the PR release date for the Definitive Agreement was exactly 21 days prior to the expiration of the 6 month hold requirement for the issued 440M insider shares.
I have now asked you about a half dozen times how SOUM not releasing their severely delinquent financial information benefits shareholders. Why avoid answering this question? What verifiable information will Western Grade be utilizing in their DD of SOUM? Has the agreement been formally finalized yet?
Please understand Carnac has wanted out of this agreement since Panerra had first announced their import issues with the DR's authorities. How is having a third party invest $1.5M into the NP project without giving anything up a bad thing? Now NP is no longer encumbered, allowing CRCUF many options that were not open to them, up until PanTerra was no longer involved.
If folks want to blame someone for this agreement falling through, they should look to blame the DR authorities first, then PanTerra, and not Carnac. Everything Carnac's management did pertaining to this deal was to diligently protect their asset, in a bad situation that they did not create, and that they had very little influence over.
PanTerra's option rights as per the 30 month earn in agreement would have expired on 7/25/17 anyway, unless they had already invested $10M by then, which both parties knew wasn't going to happen on time, as of last November.
Really? Unfortunately the SOUM filling history reflects a complete opposite "intent".
PanTerra Withdraws from the Option Agreement for New Polaris Gold Mine Project
Vancouver, Canada – September 27, 2016 – Canarc Resource Corp. (“Company”) (TSX: CCM, OTC-BB: CRCUF, Frankfurt: CAN) announces it has received notice from PanTerra Gold (British Columbia) Limited (“PanTerra”), a wholly owned subsidiary of PanTerra Gold Limited, Australia (ASX: PGI) that it intents to withdraw from the current option agreement (“Agreement”) on New Polaris Gold Mine Project (“New Polaris”).
PanTerra has informed Canarc that the commercial objectives of the parties, as stipulated in the Agreement, will not be able to be achieved based on the current negative attitude of the Dominican Republic Government’s Ministry of Energy and Mines to allow the importation of concentrate containing high levels of arsenic into the Dominican Republic for processing.
Canarc owns 100% of New Polaris and remains focused on advancing the project to feasibility. The Company plans to seek expressions of interest from possible joint venture partners on New Polaris.
Catalin Chiloflischi”
____________________
Catalin Chiloflischi, CEO
CANARC RESOURCE CORP.
About Canarc Resource Corp. - Canarc is a growth-oriented, gold exploration and mining Company listed on the TSX (CCM) and the OTC-BB (CRCUF). The Company is currently focused on acquiring operating or pre-production stage gold-silver-copper mines or properties in the Americas and further advancing its gold properties in north and central BC.
For More Information - Please contact:
Catalin Chiloflischi, CEO
Toll Free: 1-877-684-9700 Tel: (604) 685-9700 Fax: (604) 685-9744?
Email: catalin@canarc.net Website: www.canarc.net
Cautionary Note Regarding Forward-Looking Statements
This news release contains “forward-looking statements” within the meaning of the United States private securities litigation reform act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities legislation. Statements contained in this news release that are not historical facts are forward-looking information that involves known and unknown risks and uncertainties. Forward-looking statements in this news release include, but are not limited to, statements with respect to the potential strategic M&A transactions being contemplated by Canarc, the future performance of Canarc, and the Company's plans and exploration programs for its mineral properties, including the timing of such plans and programs. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "has proven", "expects" or "does not expect", "is expected", "potential", "appears", "budget", "scheduled", "estimates", "forecasts", "at least", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur" or "be achieved".
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, risks related to the uncertainties inherent in the estimation of mineral resources; commodity prices; changes in general economic conditions; market sentiment; currency exchange rates; the Company's ability to continue as a going concern; the Company's ability to raise funds through equity financings; risks inherent in mineral exploration; risks related to operations in foreign countries; future prices of metals; failure of equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals; government regulation of mining operations; environmental risks; title disputes or claims; limitations on insurance coverage and the timing and possible outcome of litigation. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, do not place undue reliance on forward-looking statements. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward-looking statements except as required under applicable securities laws.
Canarc Resource Corp.
Suite 301-700
West Pender Street
Vancouver, B.C., Canada, V6C 1G8
Email: catalin@canarc.net
Your not alone with concerns over FTR's dividend;
Frontier Could Cut Dividend in 2018 -- Barron's BlogFont size: A | A | A
3:47 PM ET 9/16/16 | Dow Jones
By Amey Stone
Michael Rollins of Citi Research now predicts that Frontier Communications (FTR), a dividend favorite with a 10% yield, will have to cut its payout in 2018.
That's still a ways off, but the problem will get more attention from investors, he believes.
Rising debt levels are the culprit, even though Frontier has enough free cash flow (FCF) to sustain the dividend.
Rollins writes:
Our focus on Frontier's financial outlook and the timing of dividend risk was largely based on the payout of FCF. However, we believe investors will increasingly focus on Frontier's gross leverage ratios given that "maintenance" covenants on some of its outstanding debt are set at 4.5x and could limit the company's financial flexibility.
Maintaining current dividend payments would push gross debt leverage to 4.6x by the end of 2018 using our forecasts. We see Frontier breaching the financial leverage test of 4.5x as a yellow flag and a possible wake-up call that the current direction of cash flow and leverage are unsustainable to support the current dividend.
Rollins recommends investors sell their Frontier stock. He has a $3 price target. Frontier fell 2.5% Friday to $4.25. The shares are down about 9% this year. Frontier traded as high as $5.80 in March.
More at Barron's Income Investing blog, http://blogs.barrons.com/incomeinvesting/
> Dow Jones Newswires
September 16, 2016 15:47 ET (19:47 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
0/23/16 MMMW posts new all-time LOW @ .0013
The accuracy of that article about Canarc is questionable to say the least. Although it is interesting, it was clearly poorly composed as more of a promotional piece to collar subscriptions, and it includes several false claims per the 9/23 release date because it was obviously not fact checked. Thanks for sharing it though.
Where I can reluctantly respect the opinions you have expressed, I have a difficult time believing they even amount to a small hill of dirt within the context of the experience of any individual of CRCUF's management team, especially when it comes down to investing in a precious metal mine venture.
Putting that aside, I have never had any difficulty accumulating a great many "on the house" Carnac shares, while also taking a minimum 20% profit on each purchased tranche along the way. I am sorry I can't share what I see as a bitter attitude, but that is because I have traded CRCUF effectively over the last three years to well exceed my +10% annual return investment objectives, while also still holding over $10K in untaken profit on a current $767 total in invested capital at risk.
Bottomline, Canarc is a penny stock, simply buy when others are bailing out and sell some while others are chasing a big run, no good reasons to fall in love or be bitter outside of one's own choices.
Even in the very unlikely scenarios of the $1.5M in exploration expenditures yielding no new finds, or better grades, AND gold moves sideways over the next 3-6 years, CRCUF will still be earning a controlling ownership over a 376,000 oz measured Au resource, forever, and at an invested cost of only ~$4.20 per measured oz (after completing the stage 1 option).
This agreement was clearly not pursued strictly on management's "hopes", or the shorter term investment returns some investors may have been "hoping" for, and it's investment cost vs the risk of complete failure over the longer term is in line with the reasonable potential of a decent upside return, IMO. Even if Carnac chooses not to pursue stage 2 of the agreement they will still already own ~192,000 Au ozs if/when the FG property is mined.
Those charts are a waste of space&time, if for no other reason, the only inputs are past price over time, and without any input factoring in of price change impact due to the recent CAPC RS.
My pleasure, glad I could help.
Did you miss this 8/30/16 announcement? Or what do you mean?
Bank of America Corporation BAC will begin trading ex-dividend on August 31, 2016. A cash dividend payment of $0.075 per share is scheduled to be paid on September 23, 2016. Shareholders who purchased BAC prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 50% increase over prior dividend payment. At the current stock price of $15.84, the dividend yield is 1.89%...
Read more: http://www.nasdaq.com/article/BAC-2016-08-30#ixzz4KdDmxsTY
CRCUF 8-K 9/12/16... The Strategy;
This agreement to acquire up to a 75% interest in the FG Gold Property represents a diversification of Canarc’s growth strategy to create value for shareholders. Firstly, Canarc can earn an interest in the existing gold resources for less than CDN$5 per oz. Secondly, Canarc views the property as having excellent exploration potential to significantly expand the gold resources. Thirdly, in a rising gold price environment, the FG Gold Property has the potential to become an attractive development project for future gold production.
Canarc management plans to continue pursuing new gold acquisitions that have potential to add immediate gold oz to our gold inventory, as well as potential for either near term production or expanding resources and new discoveries.
https://www.sec.gov/Archives/edgar/data/868822/000113717116000358/newsrelease.htm
Eureka Announces Closing of Grant of Option on the FG Property to Canarc
http://www.newswire.ca/news-releases/eureka-announces-closing-of-grant-of-option-on-the-fg-property-to-canarc-593077391.html
VANCOUVER, Sept. 12, 2016 /CNW/ - Eureka Resources Inc. ("Eureka" or the "Company") (TSXV: EUK) is pleased to announce that it has closed the grant of an option to Canarc Resource Corp. ("Canarc") (TSX: CCM) to earn up to a 75% interest in the Company's FG Property (the "Property") pursuant to the terms of an option agreement dated August 24, 2016 between the Company and Canarc.
As consideration for the grant of the option, Canarc has issued Eureka 250,000 common shares in the capital of Canarc and has purchased 750,000 units of Eureka at a price of $0.14 per unit for an aggregate purchase price of $105,000. For details of the conditions to be satisfied by Canarc in order to exercise the option and the terms of the Offering, see the Company's news release dated August 25, 2016.
FG Project
Eureka has held the FG Property (formerly called Frasergold) since 1982. To date, over $15.0 million of exploratory work has been completed by the Company, ASARCO, AMOCO and Hawthorne Gold Corp. The historical exploration has established a Measured and Indicated (376,000 ounces) gold resource at an average grade of 0.776 g/t gold, using a cut-off grade of 0.5 g/t, and an Inferred gold resource (634,900 ounces) at an average grade of 0.718 g/t gold, using a cut-off grade of 0.5 g/t. Mineralization has been outlined over a strike length of 3 kilometres, and has the potential for additional mineralization that could extend along an interpreted strike length of over 10 kilometres. Details of the gold resource can be found in "NI 43-101 Technical Report, Frasergold Exploration Project, Cariboo Mining Division, dated July 27, 2015" available on SEDAR or at the Company's website.
Gemini Lithium Project
Eureka owns a 50% participating interest in the Gemini lithium brine project, located in the western Lida Valley, located in Esmeralda County in south central Nevada, approximately 40 kilometres (26 miles) from North America's only producing lithium mine at Silver Peak. Gemini currently consists of 247 placer claims totaling 4,940 acres (2,000 hectares). The Gemini project is located in a flat, desert basin hosting two interpreted sub-basins and with a similar geological setting to the Clayton Valley. Recent geophysical work at Gemini has outlined conductive zones interpreted as brine horizons, which the Company plans to test by drilling.
John R. Kerr, P.Eng., is the Company's designated Qualified Person for this news release within the meaning of NI 43-101 and has reviewed and approved the technical information described in this news release.
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.
Cautionary Statement Regarding Forward-Looking Information
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation that are not historical facts. Forward-looking statements involve risks, uncertainties, and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements with respect to the Company's proposed financings, objectives, goals or future exploration plans at the FG Project and the Gemini Project, including with respect to the grant of the option on the FG Property to Canarc, the Offering and the business and operations of the Company. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic and social uncertainties; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; delay or failure to receive board or regulatory approvals; those additional risks set out in the Company's public documents filed on SEDAR at www.sedar.com; and other matters discussed in this news release. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
SOURCE Eureka Resources, Inc.
Image with caption: "Eureka Resources Inc. (CNW Group/Eureka Resources, Inc.)". Image available at: http://photos.newswire.ca/images/download/20160912_C8019_PHOTO_EN_770051.jpg
For further information: Further information on Eureka can be found on the Company's website at www.eurekaresourcesinc.com and at www.sedar.com, or by contacting Michael Sweatman, President and CEO, or Bob Ferguson by email at info@eurekaresourcesinc.com or by telephone at (604) 449-2273.
RELATED LINKS
www.eurekaresourcesinc.com
Nobody even cares if CNXS is in business, I guess...
... said SOUM's fish to Johnny the spider
Second time you have provided an erroneous MMMW AS count on this thread. Let us all know when you discover the truth...
MMMW is only successful at lying and failure. Any MMMW chart showing more than three years well exemplifies their consistent pattern of pump, dilute, followed by failure to deliver.
http://www.barchart.com/chart.php?sym=MMMW&t=BAR&size=M&v=1&g=1&p=WO&d=X&qb=1&style=technical&template=
This I can completely agree with;
(The)