Bristow Group Completes Sale of Gulf of Mexico Aircraft to Rotorcraft
Bristow Group Inc., a leading provider of helicopter services to the offshore energy industry, announced it has completed the previously announced sale of 53 single-engine aircraft and related assets operating in the U.S. Gulf of Mexico to Rotorcraft Leasing Company, L.L.C. for approximately $65 million. Bristow received approximately 20% of the purchase price at closing, with the remainder to be paid...
Anglo Announces the Launch of its Tender Offer
Anglo Ferrous Brazil S.A., formerly known as IronX Mineracao S.A. (BOVESPA: IRON3), informs its shareholders that Anglo American Participacoes em Mineracao Ltda. (the “Offeror”), a wholly owned subsidiary of Anglo American plc, announced today that it has commenced a tender offer to purchase any and all of the outstanding common shares, no par value (including common shares represented...
Storm Cat Energy Corporation Announces Default Under Subordinated Convertible Notes, Provides Update of Credit Facility and Engages Parkman Whaling LLC and Alvarez & Marsal
Storm Cat Energy Corporation reported that it failed to make its required quarterly interest payment when due on September 30, 2008, and such failure has continued for a period of 30 days, with respect to its Series A and Series B Subordinated Convertible Notes each due March 31, 2012. The failure of Storm Cat to make the required quarterly interest payment prior to the expiration of such 30 day grace...
Petaquilla Copper Announces Mailing of Special Meeting Information Circular
Petaquilla Copper Ltd. announced that it has mailed to shareholders and warrant holders and filed on the System for Electronic Document Analysis and Retrieval (SEDAR) a management information circular and related documents in connection with a special meeting of shareholders to be held on Wednesday, November 26, 2008. The special meeting has been called to approve, among other things, a plan of arrangement...
Galway options Colombian Coal project; drilling on project to commence shortly
Galway Resources Ltd. announce that it has entered into an option agreement with Rio Tinto Mining and Exploration Corporation (Rio Tinto) to acquire 100% interest in nine coal concessions totaling 7,500 hectares, roughly 50% of the previously drilled San Louis Coal basin located in Santander, Colombia. The project will be known as Carboluis. “We are pleased to announce the first project resulting...
Sharon announces acquisition of oil and gas leases on the Eagleford Shale trend in Texas
Sharon Energy Ltd. reported that the Company has acquired, over the last three months, approximately 5,400 gross acres in the Eagleford Shale play, located in Texas. Sharon and its partner have 4,250 net acres. Sharon has a 50 % working interest in the net acres and is the Operator of the project. Sharon’s acreage is on trend with the recently announced gas discovery by Petrohawk Energy Corporation...
First Reconnaissance Research on DIOS Uranium Chat Brun Project Yields 0,083% Uranium Oxide in Outcropping Rocks
DIOS EXPLORATION just received the first outcropping rock samples results from a two-day reconnaissance on its CHAT BRUN uranium property in the LaGuiche Basin, Quebec, Canada. Ten grab-samples from rock outcrops were collected by Dios geologists on their first visit of this new property. Two biotite-rich samples, located one kilometre apart, returned values of 710 ppm U. They were analysed at the...
Stingray Receives Acid Plant Cost Estimates for Feasibility Study at El Pilar Copper Project, Mexico
Peter Mordaunt, Chairman and CEO of Stingray Copper Inc. reports that the Corporation has received independent cost estimate proposals for the construction of a commercial acid plant capable of producing sulfuric acid, a necessary operating requirement at the El Pilar oxide copper project located in Sonora, Mexico. In the metallurgical process being studied for the El Pilar project, sulfuric acid is...
Redcorp Signs New Concession Agreement at Lagoa Salgada
Redcorp Ventures Ltd. and its wholly-owned subsidiary, Redcorp Empreendimentos Mineiros Unipessoal Lda, announce a new concession agreement with the Portugal Government for the Lagoa Salgada project. The new agreement, effective October 1, 2008, increases the concession area from 103 km2 to 208.4 km2 and reduces the minimum expenditures required to maintain the concession during the next two years,...
MMX Announces the Start-Up of MMX Sudeste Magnetic Concentration Plant
MMX Mineração e Metálicos S.A. informs its shareholders and investors that its subsidiary, MMX Sudeste, started-up the operations of its new magnetic concentration plant on this date. The start-up of the magnetic concentration plant concludes the first phase of MMX Sudeste Business Plan launched on last July 24th. Considering the start-up of this plant and the other investments already undertaken,...
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