Buyback

Results 1 - 10 of about 26 news for the tag: Buyback.

Centenario Copper Completes Partial Copper Hedge Monetization for USD $26 Million of Net Proceeds

November 20th, 2008

On November 13, 2008 Centenario Copper Corporation reported that it had received the consent of the lenders under the Franke Credit Facility, to repurchase a portion of the 2010 copper hedge book to yield $26 million in net proceeds. On November 19, 2008, all relevant documentation was completed, and the Company repurchased 30.2 million pounds [...]

Aurelio Announces Amended Agreement to Sell Hill Copper-Zinc Project & 3% NSR in Gavilanes Gold Project for $4 Million

November 18th, 2008

Further to the proposed transaction announced on October 2, 2008, Aurelio Resource Corporation reports that it has executed amended agreements concerning the sale of its Bolsa Resources, Inc. subsidiary, which owns the Hill Copper-Zinc Project in Arizona , for $2.5 million in cash while retaining a 3% NSR (Net Smelter Return) to Telifonda (Cayman) Limited.
In [...]

Homeland Energy to Reacquire Full Ownership of South African Subsidiary

November 6th, 2008

Homeland Energy Group Ltd., announces that GMR of India has elected not to exercise the third of three options to purchase 40% of Homeland Mining & Energy, South Africa for US$135 million. Homeland intends to repurchase GMR’s current 10% ownership in accordance with the terms of the option agreement, a value of US$30 million.
With this [...]

Explor Increases Carnegie Land Position

October 25th, 2008

Explor Resources Inc. announce the acquisition of 12 mineral units (2) additional mineral claims to the 62 mineral units already owned (total units 74) and situated in Carnegie Township in the Porcupine mining division, district of Cochrane, province of Ontario.
Explor Resources inc., will pay $8,000 and issue 100,000 common shares for an Option to acquire [...]

Peabody Energy Doubles Size of Share Repurchase Program to $1 Billion

October 24th, 2008

Peabody Energy announced that its board of directors has doubled the size of the company’s existing share repurchase program, raising the total authorized amount to $1 billion. The company has been repurchasing shares under this program, which was first authorized in 2005.
“This expanded repurchase program reflects our ongoing commitment to deliver shareholder value,” said Peabody [...]

Rancher Energy Corp. Announces Extension and Revised Terms of GasRock Loan

October 23rd, 2008

Rancher Energy Corp. announced it has negotiated a six-month extension of its debt financing with GasRock Capital LLC, and as part of the extension has agreed to pay down $2.24 million of principal, resulting in a new loan balance of $10 million.
The loan remains a senior obligation at an annual interest rate of 12% or [...]

International Minerals to Repurchase Shares

October 14th, 2008

International Minerals Corporation has received approval from the Toronto Stock Exchange to commence a normal course issuer bid or share repurchase program to purchase 5.0 million of its common shares, representing 5.24% of IMZ’s public float of 95,366,301 Shares and 5.21% of IMZ’s 96,030,001 issued and outstanding Shares, as at October 8, 2008.
Pursuant to [...]

FieldPoint Petroleum Corporation Announces Stock Buyback

October 10th, 2008

FieldPoint Petroleum Corporation announced that on October 6, 2008, its Board of Directors authorized the Company to repurchase shares of its Common Stock at an aggregate cost not to exceed $150,000. Stock purchases may be made in open market or privately-negotiated transactions, if and when management determines to effect purchases. Repurchases shall occur subject to [...]

Big Red Diamond Corporation: TSX Approves the Bristol Acquisition Agreement

September 24th, 2008

Big Red Diamond Corporation reports that pursuant to an agreement entered with Larry Gervais and John Derweduwen, the TSX has approved the acquisition agreement of 7 new claims which consisting of 5 claims in the Bristol Township and 2 in the Carscallen Township for a total of 36 units measuring approximately 18 sq. km.
As consideration [...]

CIC Energy Announces TSX Approval of Share Buyback

September 24th, 2008

CIC Energy Corp. announces that the Toronto Stock Exchange has accepted the Company’s notice of its intention to purchase common shares pursuant to CIC Energy’s previously announced normal course issuer bid.
Under this share buyback, CIC Energy will be permitted to purchase up to 2,688,288 of its common shares in the open market over a twelve [...]