Key Developments: Fort St James Nickel Corp (OARFF.PK)
0.03USD
8 Feb 2013
$-0.02 (-33.33%)
$0.05
$0.03
$0.03
$0.03
11,000
1,621
$0.65
$0.03
Latest Key Developments (Source: Significant Developments)
OroAndes Resource Corp Purchases 100% Of Kilometre 26 Project; Announces Name Change
OroAndes Resource Corp announced that it has completed the acquisition (the Acquisition) from Eastfield Resources Ltd. (Eastfield) of a 100% interest in the Kilometre 26 Property (the Property). Pursuant to the terms of the purchase agreement between the Company and Eastfield, the Company has issued to Eastfield 20,000,000 common shares in the capital of the Company (the Payment Shares) and Eastfield has agreed that it will, forthwith upon expiration of the four month and one day hold period (being April 2, 2012), distribute the Payment Shares to Eastfield's shareholders pro-rata in accordance with the number of common shares of Eastfield held by each such shareholder. The Company also announced that As accepted by the TSX Venture Exchange and approved by shareholders at the shareholder meeting held October 28, 2011, the Company has changed its name. At open of trading on Friday, December 2, 2011, the Company's common shares will commence trading on the TSX Venture Exchange in the name Fort St. James Nickel Corp. under the trading symbol FTJ. Full Article
OroAndes Resource Corp Announces Oversubscription Of Private Placement
OroAndes Resource Corp announced that it has closed its non-brokered private placement amounting to 4,400,000 flow-through units (the "FT Units") of the Company at a price per FT Unit of $0.125 and 4,200,000 non-flow-through units (the "Non-FT Units") of the Company at a price per Non-FT Unit of $0.10 for aggregate proceeds of $970,000 (as opposed to 3,000,000 FT Units and 3,750,000 Non-FT Units for aggregate proceeds $750,000, as announced in the Company's September 16, 2011 news release). Each FT Unit will consist of one flow-through common share in the capital of the Company and one non-transferable share purchase warrant (a "Warrant") and each Non-FT Unit will consist of one non-flow-through common share in the capital of the Company and one Warrant. Each Warrant entitles the holder to purchase one common share of the Company at a price of $0.15 per share until November 17, 2013. Cash finder's fees in the aggregate amount of $22,000 were paid to persons who introduced the Company to investors. Full Article
OroAndes Resource Corp Announces 100% Purchase of Kilometre 26 Project From Eastfield Resources Ltd.
OroAndes Resource Corp announced that it has entered into an agreement (the "Purchase Agreement") with Eastfield Resources Ltd. (Eastfield) to acquire (Proposed Acquisition) a 100% interest in the Kilometre 26 Property (Property). The Property is comprised of 22 map staked mineral claims covering 9,819 hectares located in the Omineca Mining Division of British Columbia, in which the Company has had an option to acquire from Eastfield a 60% interest since September 2009, when it commenced exploration of the Property. The Purchase Agreement provides that the option agreement between the Company and Eastfield related to the Property and all of the obligations on the part of both the Company and Eastfield under the option will terminate upon closing of the Proposed Acquisition. The parties have also extended the Company's obligations to make cash and share payments and incur exploration expenditures on the Property from September 21, 2011 to December 21, 2011. The Purchase Agreement provides that the Company will, issue to Eastfield 20,000,000 common shares in the capital of the Company (Payment Shares) and Eastfield has agreed that it will, forthwith upon expiration of the four month and one day hold period from the date of issuance of the Payment Shares, distribute the Payment Shares to Eastfield's shareholders pro-rata in accordance with the number of common shares of Eastfield held by each such shareholder. Full Article
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
