Jinshan Gold Mines to get loans from the China National Gold Group. Value of loans approved for U.S. $ 40 million. Loan facility must obtain approval from the Toronto Stock Exchange. The proceeds will be used by Jinshan Gold Mines to pay the bill draft which was published in December, 2006 valued at CDN $ 30 million and promissory notes issued in June, 2007 valued at CDN $ 12.5 million. Read more
Regency Energy Partners LP announced today a cash distribution of 44.5 cents per outstanding common unit for the third quarter ended September 30, 2009. The distribution will be paid on November 13, 2009, to unitholders of record at the close of business on November 6, 2009. This distribution is equivalent to $1.78 on an annual basis.
Regency will hold a quarterly conference call to discuss third-quarter 2009 results on Monday, November 9, 2009, at 10 a.m. Central Time (11 a.m. Eastern Time). Read more
Lithium Corporation is pleased to announce that it has completed a share exchange and amalgamation with private company Nevada Lithium Corporation. The share exchange and amalgamation was filed with the Securities and Exchange Commission on October 23, 2009. Nevada Lithium Corporation holds two lithium properties in Nevada and recently completed a $500,000 private placement.
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Company’s Foundation Underwrites Steel Magnolia Awards
WEST CHESTER, Ohio, Oct. 15 /PRNewswire/ — In recognition of women who have overcome obstacles to make a difference in the lives of others, the AK Steel Foundation is underwriting the inaugural Steel Magnolia Awards – honoring eight women who reside in the vicinity of the company’s corporate headquarters and plant operations. The awards are worth $1,000 each, and will be presented in the form of a grant made to an eligible nonprofit selected by each recipient.
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Trilliant Exploration Corp. announced that it is pleased that Ecuadorian President Rafael Correa appointed Germanico Pinto to the cabinet and welcomes him to his new role as the Oil And Mining Minister of Ecuador.
“Minister Pinto will play a crucial role in helping mining companies, including Trilliant, and we look forward to working with the Ministry in every possible way. As a good standing tax payer in Ecuador we are committed to the long term of building the Mining sector of the country and we see this as a very positive step moving forward,” said William Lieberman, President of Trilliant Exploration.
The Ecuadorian government has said the new mining law approved early this year will open the door to a potentially lucrative and underdeveloped industry in the country and that the country’s mineral potential could amount around $110 billion. Read more
press release:
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 06/10/09 — Alberta Star Development Corp. (the “Company”) (TSX VENTURE: ASX)(OTCBB: ASXSF)(FRANKFURT: QLD), reports that it has filed a “Notice of Appearance and Request for Special Notice” with the United States Bankruptcy Court for the District of Idaho regarding the Sterling Silver Mining Company and its corporate assets (OTCBB: SRLQE) situated in the Coeur d’Alene, Idaho mining district.
The Company maintains a strong balance sheet and has no long term debt. The Company continues to search for additional cost cutting measures, while maintaining seasoned and qualified management and fulfilling its stated mandate of acquiring a world class advanced stage exploration project. As a result of the severity of the global financial crisis, the Company expects there to be a serious shortage of available capital and exploration risk capital that is available to the resource industry in the foreseeable future. The Company intends to continue to conserve its working capital and review new business opportunities that are being presented to management. The Company’s working capital is invested in short term instruments and are not exposed to any repayment risks associated with short term commercial paper or asset-backed commercial paper. These instruments comply with the Company’s strict investment criteria and policy of utilizing only investment guaranteed instruments that are paid promptly on maturity and are redeemable on demand. Read more
Hana Mining Ltd. announces that the Board of Directors has approved and adopted a Shareholder Rights Plan (the “Plan”). The Plan entitles shareholders to severable rights to purchase additional shares of the Company upon the occurrence of a take-over bid (i.e. an offer to purchase 20% or more of the issued shares, when aggregated with the offeror’s shareholdings), which fails to meet certain conditions. Bids which meet these conditions (“Permitted Bids”) do not trigger the rights to purchase additional shares. Permitted Bids are offers which meet all of the following conditions:
1. The offer is made to all shareholders and includes shares issuable upon exercise of share purchase warrants, stock options and other convertible securities;
2. The offer must contain an irrevocable and unqualified provision that no shares will be taken up or paid for prior to the close of business on a date less than 60 days following the date of the Bid, and only if at such date more than 50% of the shares held by independent shareholders have been deposited or tendered and not withdrawn;
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