Gentor Resources Inc. closes acquisition of APM Mining Limited
GENTOR RESOURCES, INC. announce the acquisition of APM Mining Limited pursuant to the closing under the Share Exchange Agreement dated February 23, 2010 between the Company, APM Mining and Arabian Peninsula Projects Ltd. As a result of the acquisition, the Company, through its wholly owned subsidiary, APM Mining, holds the earn-in rights to the Block 5 and Block 6 copper exploration projects located...
Natural Resource Partners L.P. Acquires Coal Reserves and Infrastructure From Cline Group in Illinois Basin
Natural Resource Partners L.P. announced that it had acquired coal reserves and infrastructure assets related to the Shay No. 1 mine in Illinois from Macoupin Energy, LLC, an affiliate of the Cline Group, for $143.7 million. Upon closing, NRP paid $83.7 million and will make three subsequent payments of $20 million each in 2009 based upon performance measures associated with the development of a new...
Timberline Receives Positive Hydrogeologic Test Results At Its Butte Highlands Gold Project
Timberline Resources Corporation announced the completion of a hydrogeologic study at its 100-percent owned, royalty-free Butte Highlands Gold Project in southwestern Montana. The positive results of the study represent a significant milestone in the permitting process and the proposed underground exploration and development schedule. The study was a requirement for permit application and Timberline...
Lighthouse Petroleum, Inc. Announces Closing of 25% Working Interest in 3,300 Gross Acres in Fremont County, Wyoming
Lighthouse Petroleum, Inc. announce the acquisition of a 25% working interest in G2 Petroleum LLC’s Diamond Springs Prospect, located within the prolific Wind River Basin. The Diamond Springs Prospect comprises 3,300 gross acres of prospective oil and natural gas property in Fremont County, Wyoming. Independent geologic work has concluded that the property has the potential for 4.3 million barrels...
Atlas Energy Resources’ Production of Natural Gas from Marcellus Shale Wells Exceeds 4 Bcf
Atlas Energy Resources, LLC announced that it has completed the drilling of 98 wells to the Marcellus Shale formation, of which 90 wells, some of which have been online for two years, currently have normalized production approaching 25 million cubic feet (“Mmcf”) per day into a pipeline. The remaining 8 wells will be turned into line by the end of year. The aggregate production from these wells...
Acquisitions of shares of Geoinformatics Exploration Inc. by Geologic Funds
Geologic Resource Partners LLC announced that it has acquired, through purchases made by funds controlled by it, by way of private placement, an aggregate of 586,560,000 common shares of Geoinformatics Exploration Inc. at a price of C$0.05 per share. In addition, Geoinformatics has issued an additional 31,977,209 common shares at a deemed price of C$0.0295 to certain of the Funds in respect of accrued...
Geoinformatics Closes Private Placement with Geologic Resource Partners
Geoinformatics Exploration Inc. announce that it has completed the private placement with Geologic Resource Partners LLC (“GRP”) raising gross proceeds of Cdn$29,328,000 by issuing 586,560,000 common shares at a price of $0.05 per common share. The proceeds from this financing are being used to (i) repay the convertible loan facility in the amount of US$20 million held by GRP, (ii) repay...
Investment of Geologic Resource Partners LLC in Zincore Metals Inc.
Geologic Resource Partners LLC announced that in connection with purchases made through the facilities of the Toronto Stock Exchange it has acquired an aggregate 1,510,300 common shares of Zincore Metals Inc., for its own account and on behalf of client accounts over which it has discretionary trading authority. Prior to these purchases, Geologic held 7,000,000 common shares of Zincore. Geologic’s...
Tri-Valley Corporation on Three Subsidiary Officers
Tri-Valley Corporation has published a report saying that the company has promoted three of its Tri-Valley Oil & Gas Co. subsidiary officers to support its expanding petroleum and mineral exploration and production projects. Joseph R. Kandle, former president and chief operating officer of Tri-Valley Oil & Gas Co., has been promoted to senior vice president of corporate development of the publicly...
EnerCom, Inc. Announces Presenting Companies for The Oil & Gas Conference(R) August 10-14, 2008
EnerCom, Inc., announced today the lineup and schedule for The Oil & Gas Conference®, http://www.theoilandgasconference.com. In its 13th year, the Conference, held in Denver Aug. 10-14, is the oldest and largest energy investment conference hosted in Denver, showcasing more than 70 companies with a combined enterprise value of more than $500 billion. This premier forum offers institutional investors,...
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