RedHawk Energy Acquires Xxtreme Group for $66.0 Million

RedHawk Energy Corporation announced that it has acquired 100% of the membership interests of Texas-based Xxtreme Pipe Services, LLC, Xxtreme Pipe Storage, LLC, Xxtreme Tubular Processors, LLC and Wolf Pack Rentals, L.L.C. (collectively, the “Xxtreme Group”) for $66.0 million in cash, preferred stock and assumed debt. The purchase price is subject to certain post-closing adjustments. Headquartered... 

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Universal Holdings Closes Acquisition and Enters Domestic North American Oil and Gas Market

Universal Holdings announced that on September 21, 2009, the company purchased 100% of the outstanding membership units of Coronado Acquisitions, LLC. In connection with this acquisition, Universal has satisfied a promissory note issued by Coronado Acquisitions, LLC in the principal amount of $3,250,000 by issuing 2,100,000 restricted shares of its common stock to the Noteholders. Coronado is a development... 

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Global Industries Awarded US$ 70 Million Project in Brazil

Global Industries, Ltd. announced that its Brazil Business Unit has signed a contract with Petroleo Brasileiro S.A. (Petrobras) for diving, ROV and construction services to be performed offshore Brazil, in the areas of Campos, Santos and Espirito Santo basins. The 180-day contract is valued at approximately US$ 70 million and has an option for an extension of up to six additional months. John Clerico,... 

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New Gold Completes Cdn$1.2 Billion Business Combination with Western Goldfields

New Gold Inc. and Western Goldfields Inc. announce that they have completed their previously announced business combination (the “Transaction”). The Transaction was completed by way of a plan of arrangement (the “Plan of Arrangement”) that was approved by the New Gold and Western Goldfields shareholders on May 13 and 14, 2009, respectively and which received final court approval... 

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Apex Silver Emerges From Chapter 11 as Golden Minerals Company

Apex Silver Mines Limited reported that the Joint Plan of Reorganization filed by the Company and its wholly owned subsidiary, Apex Silver Mines Corporation became effective on March 24, 2009 and that the Company and ASMC have emerged from Chapter 11 proceedings. Under the Plan, Golden Minerals Company, a newly-formed Delaware corporation, is the successor to the Company’s assets. The Company’s... 

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Significant Monetary Policy Changes Announced in Zimbabwe

New Dawn Mining Corp. commented on the recent Monetary Policy Statement released by the Governor of the Reserve Bank of Zimbabwe (“RBZ”) and the encouraging impact that the new policy statement potentially has to New Dawn’s mining operations in Zimbabwe. In general, the proposed changes detailed in the new MPS are far reaching and are expected to have a significant and positive impact... 

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Blast Energy Services Jets Horizontally in the Austin Chalk

Blast Energy Services Inc. announced that its lateral jetting rig successfully completed several separate horizontal penetrations in a well operated by Reliance Oil and Gas, in the Austin Chalk play outside of Luling, Texas. At a depth of approximately 2,500 feet and using a 15% acid-based solution, the rig drilled multiple horizontal laterals into the target zones up to ninety feet in length. “We... 

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Compass Minerals Announces Agreement to Trade Great Salt Lake Leases in Long-Range Plan to Produce More Sulfate of Potash Specialty Fertilizer

Great Salt Lake Minerals Corp., a subsidiary of Compass Minerals, announced that it has agreed with the state of Utah to exchange undeveloped existing leases in navigable areas of the Great Salt Lake for leases covering 37,000 acres in highly saline regions of the lake that are preferable for production of sulfate of potash specialty fertilizer. “This lease exchange agreement is part of our long-term... 

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Mercator Minerals Commences Producing Copper-Moly Concentrates at Its Mineral Park Mine

Mercator Minerals Ltd. announce that its new 25,000 ton per day mill has started producing copper and molybdenum concentrates at its Mineral Park Mine in Arizona, less than two years from completion of its December 29, 2006 Technical Report. “In less than two years from completion of pre feasibility, Mercator has financed, engineered, procured equipment, and constructed one of the largest and... 

Farallon Updates G-9 Production Status While Managing Project Expenditures

Dick Whittington, President and CEO of Farallon Resources Ltd. provide an update of activities at the Company’s G-9 polymetallic (zinc, copper, lead, silver, gold) operation on the Campo Morado property in Guerrero State, Mexico, as well as a general corporate update. As announced in August 2008 mining at G-9 has proceeded based on a 17-month plan, with an initial production rate of 20,000 tonnes... 

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