Key Developments: Claude Resources Inc (CGR)
0.26USD
23 May 2013
$-0.00 (-1.14%)
$0.26
$0.26
$0.27
$0.25
438,575
608,493
$0.94
$0.25
Latest Key Developments (Source: Significant Developments)
Claude Resources Inc Closes Debt Financing with Crown Capital Partners Inc
Claude Resources Inc announced that it has closed the previously announced long-term debt facility of $25 million with Crown Capital Partners Inc. (CCP), in addition to its expanded credit facilities with Canadian Western Bank (CWB). Full Article
Claude Resources Inc Reaffirms FY 2013 Production Guidance
Claude Resources Inc announced that it remains confident that it will achieve its fiscal 2013 production guidance. Full Article
Claude Resources Inc Secures Debt Financing With Canadian Western Bank And Crown Capital Partners Inc.
Claude Resources Inc announced that it has expanded its current debt facilities with its existing bank, Canadian Western Bank (CWB) and, in addition, has come to an agreement with Crown Capital Partners Inc. (CCP) for a debt facility of $25 million. Full Article
Claude Resources Inc Reaffirms FY 2012 Production Guidance
Claude Resources Inc reaffirms fiscal 2012 production guidance and expects production to be in the range of 48,000 to 50,000 ounces. Full Article
Claude Resources Inc Reaffirms FY 2012 Production Guidance
Claude Resources Inc reaffirms fiscal 2012 production guidance and expects production to be in the range of 48,000 to 50,000 ounces. Full Article
Claude Resources Inc Issues FY 2012 Production Guidance-Conference Call
Claude Resources Inc announced that for fiscal 2012, it expects production to be in the range of 48,000 to 50,000 ounces. Full Article
Claude Resources Inc. Completes Acquisition Of St. Eugene Mining Corporation Limited
Claude Resources Inc. announced the closing of the previously announced transaction whereby Claude has acquired all of the outstanding shares of St. Eugene Mining Corporation Limited (St. Eugene) (that Claude does not already own). The transaction was accomplished pursuant to the terms of a court approved plan of arrangement completed under the Business Corporations Act (British Columbia) (the Arrangement). Under the Arrangement, Claude acquired all of the outstanding common shares of St. Eugene in exchange for the issuance of approximately 9.6 million common shares of Claude (Claude Shares). In addition to Claude Shares, former shareholders of St. Eugene also received 0.25 of a common share of Satori Resources Inc. (Satori). Claude will maintain the same pro-rata stake in Satori that it had in St. Eugene. Satori has received the necessary approvals for its common shares to commence trading on the TSX Venture Exchange effective February 2, 2012 under the trading symbol "BUD". Satori's primary asset will be a 100% interest in the Tartan Lake Mine Project, which is comprised of certain mineral property interests and related assets located in the Flin Flon Greenstone Belt in Manitoba. Full Article
Claude Resources Inc. Completes Sale Of 46% Interest In Nokomis Property, Flin Flon, Manitoba To Auriga Gold Corp
Claude Resources Inc. announced that it has completed the sale to Auriga Gold Corp. (Auriga Gold) of 46% minority interest in the Nokomis property, which was previously announced on November 3, 2011. Prior to the acquisition, Auriga Gold held a 54% interest in the Nokomis property, which is contiguous to the Puffy Lake Property, part of the Maverick Gold Project. The 2,200 hectare, Nokomis property comprises 39 staked claims and is located less than 8 kilometres northeast of the Puffy Lake Mill, near Flin Flon, Manitoba. Under the terms of acquisition, Auriga Gold has issued to Claude 3,428,571 common shares of Auriga Gold at an issue price of $0.35 per share. This represents approximately 7.8% of the outstanding shares of Auriga Gold. The issued shares are subject to a hold period of four months from November 14, 2011. Full Article
Claude Resources Inc. Updates FY 2011 Production Guidance; Issues Q4 2011 Production Guidance-Conference Call
Claude Resources Inc. announced that it expects fiscal 2011 production to be between 48,000 to 50,000 ounces. That would imply that it is expecting to produce 14,000 to 16,000 ounces in the fourth quarter Of 2011. Full Article
Claude Resources Inc. To Acquire St. Eugene Mining Corporation Limited
Claude Resources Inc. and St. Eugene Mining Corporation Limited jointly announced that they have entered into a definitive agreement pursuant to which Claude will acquire, by way of a court-approved plan of arrangement, all of the shares of St. Eugene that it does not already own. The consideration for purchase of 100% of the fully diluted in the money shares of St. Eugene is approximately $19 million plus Spinco, which will hold Tartan Lake Gold Mine Project. Under the terms of the transaction, each shareholder of St. Eugene will receive 0.0789 of a Claude share per St. Eugene share Additionally, at closing, each St. Eugene shareholder will receive 0.25 common shares of a newly formed, wholly-owned, subsidiary of St. Eugene (Spinco) in respect of each St. Eugene share. Spinco will be transferred St. Eugene's interests in the Tartan Lake Gold Mine Project and approximately $800,000 in cash. Claude will maintain its pro-rata stake in Spinco. Claude will reduce its existing net smelter return royalty on Tartan Lake Gold Mine Project from a sliding scale to 2%. The transaction is subject to affirmative vote of 66 2/3% of St. Eugene's shareholders and is expected to close prior to December 31, 2011. In the event that the transaction is not completed, St. Eugene has agreed to pay Claude a termination fee of $800,000, under certain circumstances. Dundee Securities Ltd. has acted as financial advisor to Claude and Primary Capital Inc. has acted as financial advisor to St. Eugene. Full Article
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