Revett Elects Tony Alford as New Director at Recently Concluded AGM

Revett Minerals Inc. announce that at its annual and special meeting of the shareholders held on June 16, 2009, shareholders of the company approved all resolutions put before them by management. Directors elected at the AGM are, John G. Shanahan, David R. Lewis, Timothy R. Lindsey and new director Tony L. Alford. Mr. Alford is the Founder and President of PBA Consultants, Inc. since April 1996, a... 

Golden Star Announces Agreement for Revolving Loan Facility

Golden Star Resources Ltd. announced it has signed an agreement for a revolving credit facility with Standard Chartered Bank. All currency in this news release is expressed in U.S. dollars, unless otherwise noted. The Facility calls for a fully committed revolving credit line of $30 million, consisting of $15 million of available credit immediately upon signing, and an additional $15 million at the... 

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Eagle Rock Exploration Enters into Formal Agreements to Acquire Private Oil & Gas Companies

Eagle Rock Exploration Ltd. announces that it has entered into formal binding agreements for the arm’s length acquisition of the outstanding shares of three private oil & natural gas companies for an aggregate cash consideration of $4.5 million. The purchase price is comprised of approximately $4.1 million for petroleum and natural gas interests and $0.4 million for working capital. No debt... 

Uranium One Provides Update on Kazakhstan Operations

Uranium One’s assets in Kazakhstan consist of a 70% interest in the Betpak Dala LLP joint venture, which owns and operates the Akdala uranium mine and the South Inkai uranium project, and a 30% interest in the Kyzylkum LLP joint venture, which owns and operates the Kharasan uranium project. Uranium One is pleased to report that it received in November a dividend of US$40 million (net of Kazakh... 

AngloGold Ashanti Announces Signing of US$1 Billion Loan Facility

AngloGold Ashanti Limited announces that it has entered into a US$1 billion term loan facility agreement with Standard Chartered Bank to refinance its convertible bond. The Term Facility is available to be drawn during February 2009 for the purpose of repaying the US$1 billion convertible bond due on 27 February 2009 issued by AngloGold Ashanti Holdings plc and guaranteed by AngloGold Ashanti. The... 

Search and Rescue in Process for Missing Plane Conducting Geophysics Survey for U3O8 Corp.

U3O8 Corp., a Canadian uranium exploration company, regrets to report that an aircraft that was undertaking a geophysical survey for Prometheus Resources Limited, a wholly owned subsidiary of U3O8 Corp., has been reported missing with three people on board in Guyana. The last communication from the aircraft was on the afternoon of Saturday, November 1, 2008. Search and rescue efforts are being lead... 

Anooraq Provides Market Update on Financing Strategy for Lebowa Acquisition

Anooraq Resources Corporation announced that the Company and its controlling shareholder, the Pelawan Trust, are in advanced negotiations for the conclusion of a financing for the Company, in light of the current downturn in international equity markets. The successful conclusion of these negotiations will result in Pelawan completing the unconditional exercise of all of the Pelawan warrants, referred... 

U3O8 Corp. Receives One-Year Extension on Its Reconnaissance Permits for Uranium Exploration in Guyana

U3O8 Corp. announce that the Guyana Government has granted U3O8 Corp’s wholly owned subsidiary, Prometheus Resources Inc., a one-year extension on the company’s Reconnaissance Permits for uranium exploration in Guyana. The Reconnaissance Permits (technically termed “Permission for Geological and Geophysical Surveys”) provide U3O8 Corp. with exclusive exploration rights for uranium... 

Vermilion Energy Trust Announces Notice of Verenex Energy’s Strategic Review

Vermilion Energy Trust wishes to inform unitholders that the board of directors of Verenex Energy Inc. (“Verenex” or the “Company”) has initiated a process to identify, examine and consider a range of strategic alternatives available to Verenex to maximize shareholder value. Background – Vermilion holds approximately 18.8 million shares of Verenex, representing approximately... 

Higher Oil Prices Could Lead to Higher Overall and Core Inflation Rates: St. Louis Fed Analysis

Although the price of petroleum has moderated recently, a permanent increase to $150 per barrel by the end of 2008 could have a significant negative effect on the rate of real gross domestic product (GDP), at least in the short run, based on an analysis from the Federal Reserve Bank of St. Louis. Kevin L. Kliesen, an economist with the St. Louis Fed, analyzed the price of oil and the U.S. macroeconomy...