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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USA Uranium Explores Comstock Royalty Plan and Pursues Additional Gold Properties

USA Uranium Corp. CEO Ken Berscht announce, “Our recent trip to visit the Comstock Lode in Nevada opens new areas of focus for USA Uranium as we expand our former gold producer and the Net Smelter Royalty (NSR) royalty acquisition model with strategic and early stage gold development projects which fit our business model of exploration and royalty development projects. The Comstock Lode Mining... 

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Minnesota State Building and Construction Trades Council United in Opposition to Anti-Mining Bill

The Minnesota Building and Construction Trades Council, one of the state’s most prominent labor groups, is in agreement with high profile elected officials from both sides of the political isle that there is no need for the non-ferrous mining legislation being pushed by the Friends of the Boundary Waters. Minnesota is facing the largest budget challenge in history and companies across the state... 

Drilling Underway at Gossan-Marathon’s Bird River Project

Gossan Resources Limited has been advised by its joint venture partner, Marathon PGM Corporation, that the planned winter drilling campaign at the Bird River Project is now underway. The drill program is designed to improve the size, grade and quality of the resources recently defined at the Page Block and Ore Fault zones and also to test three high priority geophysical targets located to the east... 

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Hecla Announces $21 Million Equity Transaction

Hecla Mining Company announced it has entered into a definitive agreement to sell securities to selected institutional investors for aggregate gross proceeds of $21 million. The offering will be made pursuant to Hecla’s existing Form S-3 shelf registration statement and base prospectus filed with the Securities and Exchange Commission (SEC). The offering is expected to close no later than December... 

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Avista Corp. Closes New $200 Million Line of Credit

Avista Corp. has closed on a $200 million, 364-day line of credit, which expires on Nov. 24, 2009. The credit facility is with a group of banks, including Union Bank of California, N.A., as administrative agent, Wells Fargo Bank, National Association, as syndication agent and JP Morgan Chase Bank, N.A., as documentation agent. “We are very pleased to have this credit facility in place, especially... 

Homeland Energy Finalizing Extension of Agreement Deadline for Appolo Mines and Diversified Energy

Homeland Energy Group Ltd. is finalizing an extension of the agreement deadline with the vendors of Appolo Mines and Diversified Energy of Middlesboro, Tennessee and Knoxville, Kentucky respectively as the current agreement expires today. Homeland Energy Group Ltd. is a coal producer with operations the Witbank area of South Africa. The company also has a large-scale development property in South... 

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Stillwater Mining Company and United Steel Workers Union Reach Tentative Agreement on Restructuring Plan at East Boulder Mine

Stillwater Mining Company, United Steel Workers and its Local 11-0001, East Boulder Unit announced today that they have reached a tentative agreement on changes to the current Collective Bargaining Agreement that are impacted by the Company’s restructuring plan. Eligible union members will vote on the tentative agreement on Wednesday, November 26, 2008 at their regularly scheduled Union meeting.... 

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Crowflight Obtains Conditional Approval to Trade on Toronto Stock Exchange

CROWFLIGHT MINERALS INC. announce it has received conditional approval to list its common shares on the Toronto Stock Exchange (TSX). The listing is conditional on the Company providing certain documents to the Exchange. Following graduation, the common shares of the Company will continue to trade under the stock symbol CML. Commented Mike Hoffman, President and CEO of Crowflight, “We feel that... 

Aspen Announces Interest in 6 Gas Wells in Oklahoma

Aspen Group Resources Corporation announced that it holds a working interest in 6 gas wells in Oklahoma that have been drilled by Conoco-Phillips. It was recently discovered that Aspen had retained a small interest in the leases from a previous sale, and upon further investigation Aspen received confirmation of its interest. These 6 gas wells were drilled in 2007 and 2008, and Aspen has been advised... 

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