Northland Appoints Banks for Project Financing

Northland Resources S.A. announce that the Company has appointed and retained leading global mining finance and investment banks – Societe Generale, UniCredit Bank AG and WestLB AG as exclusive Mandated Lead Arrangers in the proposed project financing of the Kaunisvaara Iron Concentrate Project. The Facility will be subject to each Mandated Lead Arranger securing its internal credit approvals,... 

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Chesapeake Energy Corporation Announces $2.25 Billion Barnett Shale Joint Venture with Total E&P USA, Inc.

Chesapeake Energy Corporation announced the execution of an agreement for a $2.25 billion joint venture with Total E&P USA, Inc., a wholly-owned subsidiary of Total S.A. (NYSE:TOT, FP:FP) (“Total”), whereby Total will acquire a 25% interest in Chesapeake’s upstream Barnett Shale assets. Total will pay $800 million in cash at closing and will pay an additional $1.45 billion by funding 60%... 

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Mines Management Withdraws Public Offering of Common Shares

MINES MANAGEMENT, INC. announced today that it has withdrawn its previously announced public offering of 6,000,000 shares of common stock. The terms presented by the underwriters did not meet the minimum expectation of net proceeds. The Company’s President and Chief Executive Officer, Mr. Glenn M. Dobbs, stated, “While we were gratified with the strong support for the offering, potential pricing... 

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Crosstex Energy Acquires Eunice Natural Gas Liquids Processing Plant, Fractionation Facility for $42 Million

The Crosstex Energy companies, Crosstex Energy, L.P. and Crosstex Energy, Inc., announced that the Partnership has acquired the Eunice natural gas liquids (NGLs) processing plant and fractionation facility from Phillip Morris for approximately $42 million, which includes $18 million of assumed debt. Previously, Crosstex managed the plant and facility, which are located in south central Louisiana, under... 

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Wolf Haldenstein Investigating NovaGold Resources, Inc.

Attorney Advertising. The law firm of Wolf Haldenstein Adler Freeman & Herz LLP is investigating possible misconduct relating to the securities of NovaGold Resources, Inc.. American investors who purchased NovaGold securities between January 24, 2006 through November 25, 2007, inclusive, (the “Class Period”) may have legal claims under the Canadian securities laws. Specifically, Wolf Haldenstein... 

Credo Petroleum Announces Drilling on Its First Horizontal Bakken Well

Credo Petroleum Corporation, an oil and gas exploration and production company with significant assets in the Mid-Continent and Rocky Mountain Regions, today provided an update on its horizontal Bakken drilling project. Credo entered the horizontal Bakken oil play in 2008 as part of its ongoing strategy to focus on developing oil production and reserves. To date, the company has acquired 6,100 gross... 

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U.S. Canadian Minerals, Inc. Secures Permits For Processing Plant

U.S. Canadian Minerals, Inc. announces that the Company’s wholly owned subsidiary, Noble Technologies Corp (“Noble”), has secured both a Building Permit and a temporary Business License from Storey County, Nevada (the “Permits”). The Permits allow Noble to commence the assembly of the equipment that is essential to the efficient execution of Noble’s business plan, specifically the processing,... 

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Uranium One Enters into Definitive Agreement to Acquire Christensen Ranch and Irigaray in Wyoming

Uranium One Inc. announced that it has entered into a definitive agreement to acquire 100% of the MALCO Joint Venture (“MALCO”) from wholly-owned subsidiaries of AREVA and EDF for US$ 35 million in cash. The assets of MALCO include the licensed and permitted Irigaray ISR central processing plant, the Christensen Ranch satellite ISR facility and associated U(3)O(8) resources located in... 

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Dozens of cranes sold at US$20 million Ritchie Bros. auction in Chicago

Ritchie Bros. Auctioneers, the world’s largest industrial auctioneer, sold more than US$20 million of heavy equipment and trucks – including 61 cranes – at its unreserved public auction in Chicago, Illinois last week (July 16 17, 2009). More than 2,200 people from 49 U.S. states and 27 other countries registered to bid in person or online on more than 2,700 used equipment items, including... 

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InterOil Closes U.S.$70.4 Million Registered Direct Common Stock Offering

InterOil Corporation announced it has closed its previously announced 2,013,815 share common stock “registered direct” offering. InterOil has received gross proceeds of U.S.$70,443,249 before deducting offering expenses. Phil Mulacek, Chief Executive Officer of InterOil, commenting on the transaction said, “The opportunity presented by the Elk/Antelope discovery and surrounding prospects...