law

News tagged with law on Mining Top News

Sonterra Resources Announces New Management Team

June 25th, 2008
Sonterra Resources Announces New Management Team

Sonterra Resources, Inc. (OTC Bulletin Board: SOTR) announced today that Donald Vandenberg has been named as Chief Executive Officer and President of Sonterra effective as of June 23, 2008. Gary Lancaster has been named as Vice President and Chief Legal Officer of Sonterra as of June 23, 2008.
Michael Pawelek, Sonterra’s current Chairman of the Board [...]

Tri-Valley Forms Well Services Alliance and Sells Its Production Services Equipment

June 24th, 2008
Tri-Valley Forms Well Services Alliance and Sells Its Production Services Equipment

-Tri-Valley Corporation announced that it has established an alliance with Excalibur Well Services, Inc of Bakersfield, California and has sold all of its 100% owned Great Valley Production Services production rigs and equipment to Excalibur as part of an advantageous arrangement. The sale price was not disclosed.
“We originally formed Great Valley Production Services LLP because, [...]

Quest Resource Announces Commencement of Public Offering of Common Stock

June 24th, 2008
Quest Resource Announces Commencement of Public Offering of Common Stock

Quest Resource Corporation announced today that it has commenced, subject to market conditions, an underwritten public offering of approximately 8.4 million shares of its common stock, par value $0.001 per share. Quest also intends to grant the underwriters a 30-day option to purchase up to approximately 1.26 million additional shares to satisfy any over-allotments.
Quest intends [...]

Congress Seeks Remedies to Rein In Speculators

June 24th, 2008
Congress Seeks Remedies to Rein In Speculators

Some lawmakers on Capitol Hill say investors have a role in rising oil prices, pointing out that speculation in crude futures has nearly doubled since 2000.
Pension funds, Wall Street banks and other large investors that have no intention of taking delivery of fuel have increasingly pumped money into contracts for oil and other commodities as [...]

Cabot Oil & Gas Corporation Announces Pricing and Upsizing of Public Offering

June 21st, 2008
Cabot Oil & Gas Corporation Announces Pricing and Upsizing of Public Offering

Cabot Oil & Gas Corporation announced that it has priced a public offering of 4,350,000 shares of its common stock at price to the public of $65.27 per share. The size of the offering represents an increase over the 3,600,000 shares that the Company had previously announced. Proceeds of the offering are expected to [...]

Russians Won’t Sell TNK-BP Stake

June 17th, 2008
Russians Won’t Sell TNK-BP Stake

Russian shareholders involved in a bitter public dispute with BP PLC over its TNK-BP joint venture have no intention of selling their stake.
Billionaire tycoon Mikhail Fridman says he and the other Russian partners in TNK-BP will press their demands for the ouster of its American chief executive and other changes in the oil company, which [...]

Targa Resources Partners LP Prices $250 Million of Senior Notes

June 16th, 2008
Targa Resources Partners LP Prices $250 Million of Senior Notes

Targa Resources Partners LP and its subsidiary Targa Resources Partners Finance Corporation announced an offering in the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), to persons outside of the United States pursuant to Regulation S under the Securities Act, and [...]

Silver Dragon Announces Payment of State Compensation Tax for Erbahuo Mining License Transfer

June 12th, 2008
Silver Dragon Announces Payment of State Compensation Tax for Erbahuo Mining License Transfer

Silver Dragon Resources Inc. announced today that the Company has duly paid the state compensation tax (royalty) for the privatization of the Erbahuo silver mine pursuant to applicable Chinese laws. The payment of RMB 4,468,600 (approx. US$650,000) was made to the local provincial department of China’s Ministry of Land and Resources, the agency responsible for [...]

Williams Industries, Inc. Announces Third Quarter 2008 Results

June 12th, 2008
Williams Industries, Inc. Announces Third Quarter 2008 Results

Williams Industries, Inc. (Other OTC:WMSI.PK) today announced results for the third quarter of Fiscal 2008, which ended April 30, 2008. The company had revenue of $9,491,000 and a loss of $465,000 or $0.13 per share, compared to the 2007 third quarter revenue of $11,474,000 and a loss of $660,000 or $0.18 per share. For the [...]

Liberty Star and Mayo Gold Joint Venture on Sonora Gold Property

June 11th, 2008
Liberty Star and Mayo Gold Joint Venture on Sonora Gold Property

Liberty Star Uranium & Metals Corp. (the “Company”)(OTCBB:LBSU) is pleased to announce that the CEO/President of the Company, James A. Briscoe, and the CEO/President of Mayo Gold Explorations Ltd. (“Mayo Gold”), Pedro Villagran Garcia, have signed a Letter of Intent to joint venture the El Papago Project (“El Papago”) in Sonora, Mexico and the Tombstone [...]