Key Developments: Anthem Resources Inc (AYN.V)

AYN.V on TSX Venture Exchange

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11 Sep 2014
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Latest Key Developments (Source: Significant Developments)

Anthem Resources Inc announces Boss Power closes settlement with government
Monday, 2 Jun 2014 10:04am EDT 

Anthem Resources Inc:Boss Power Corp closes settlement agreement with province of British Columbia dated Oct. 19, 2011.As result, province paid $30,356,422.67 in full and final settlement of Boss Power's lawsuit against province for deemed expropriation of Blizzard uranium deposit and related claims.Settlement proceeds were paid out pursuant to binding letter agreement announced April 1 between Boss Power and Morning Star Resources Ltd., Magic Dragon Ventures Ltd and Anthony Beruschi, which required settlement proceeds be disbursed.  Full Article

Anthem Resources Inc reaches agreement with Beruschi Parties
Tuesday, 1 Apr 2014 01:28pm EDT 

Anthem Resources Inc:For setting out terms and conditions upon which parties will settle all of legal disputes between them.Complete divisive reorganization of Boss Power pursuant to plan of arrangement.  Full Article

Anthem Resources Inc. Closes $600,000 Private Placement-Canada Stockwatch News
Thursday, 27 Dec 2012 06:23am EST 

Canada Stockwatch News reported that Anthem Resources Inc. has closed the non-brokered private placement financing to raise up to $600,000, subject to regulatory acceptance, and has issued 2,915,000 flow-through units for gross proceeds of $408,100. Each flow-through unit will comprise one common share at a price of 14 cents per share and one-half of a non-flow-through share purchase warrant exercisable for two years at 20 cents per common share. Shares issued under this financing will be subject to a hold period of four months and one day from the closing date of the offering. In accordance with exchange regulations, finders' fees will be payable to accredited agents on that portion of the funds raised by third parties. The gross proceeds from the flow-through common shares must be used to incur Canadian exploration expenses as defined by the Income Tax Act (Canada) by December 31, 2013, to be renounced effective December 31, 2012. Funds from this financing will be used to advance the Athabasca basin uranium exploration projects. Anthem will also be receiving the second payment from Nickel North Exploration Corp. of $500,000 in cash and $250,000 of NNX common shares by December 31, 2012, as part of the option agreement on the Hawk Ridge project (see news release dated April 10, 2012).  Full Article

Anthem Resources Inc. Reduces Private Placement To $600,000-Canada Stockwatch News
Thursday, 13 Dec 2012 09:50am EST 

Canada Stockwatch News reported that Anthem Resources Inc. (formerly Virginia Energy Resources Inc.) has repriced the private placement terms of the previously announced non-brokered private placement financing (see news release of November 14, 2012). The Company has decided to reduce the amount of the private placement to now raise up to $600,000 of flow-through (FT) units, subject to regulatory approval. Each FT unit will comprise one common share at a price of 14 cents per share and one-half of one full non-flow-through (NFT) warrant exercisable for two years. Each whole warrant will entitle the holder to purchase one common share of the Company at 20 cents per share for a period of 24 months. Shares issued under this financing will be subject to a hold period of four months and one day from the closing date of the offering. In accordance with exchange regulations, finder's fees may be payable to accredited agents on that portion of the funds raised by third parties. Funds from this financing will be used to advance the Athabasca basin uranium exploration projects.  Full Article

Anthem Resources Inc. Arranges $1 Million Private Placement-Canada Stockwatch News
Wednesday, 14 Nov 2012 01:44pm EST 

Canada Stockwatch News reported that Anthem Resources Inc. proposes to raise up to $1-million, on a best-efforts basis, through a non-brokered private-placement financing by the issuance of $500,000 of flow-through units and $500,000 of non-flow-through units, subject to regulatory approval. Each flow-through unit will comprise one common share at a price of 20 cents per share and one-half of one full non-flow-through warrant exercisable for two years. The warrant exercise price in the first year will be 25 cents and in the second year will be 30 cents per common share. Each non-flow-through unit will comprise one common share at a price of 15 cents per share and one-half of one full warrant exercisable for two years. The warrant exercise price in the first year will be 20 cents per common share and in the second year will be exercisable at 25 cents per common share. Shares issued under this financing will be subject to a hold period of four months and one day from the closing date of the offering. In accordance with exchange regulations, finders' fees may be payable to accredited agents on that portion of the funds raised by third parties. Funds from this financing will be used to advance the Athabasca basin uranium exploration projects and for general working capital.  Full Article

WellPoint medical cost ratio drives second-quarter profit beat

- U.S. health insurer WellPoint Inc on Wednesday reported a decline in second-quarter profit, but its closely watched medical costs as a percentage of premiums ratio improved and it beat Wall Street estimates.

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