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Lappland Goldminers AB Applies for Reconstruction for Subsidiary Owning Pahtavaara Mine

Friday, 24 May 2013 02:45am EDT

Lappland Goldminers AB announced that in order to secure shareholder value, the Company filed on May 24, 2014 an application for reorganization of the Finnish subsidiary that owns Pahtavaara mine in Finland. The Pahtavaara mine in Finland had a lower gold production than planned during the first quarter of 2013. The Company has therefore initiated mineralogical and technological research and decided on a temporary halt in the primary mining. To get the greatest possible freedom of action with the actions required to resume a profitable mining, the subsidiary Lappland Goldminers Oy applied for reconstruction. Lappland Goldminers Oy's largest creditor has given its consent to the reorganization proceedings. The Company's objective is to resume mining in the old part of the mine in August 2013 by selective mining of approximately 25,000 tons per month. Meanwhile, test drilling is to resume in the western part of the mine to investigate the possibility of mining in early 2014. Lappland Goldminers continues the structured process for Faboliden project and is currently in discussions with several interested parties. The purpose of the process is to sell or seek a partner for the project with the goal of finding an optimal balance between potential economic upside and risk for Lappland Goldminers' shareholders.

Anglo American Platinum Ltd To Sell, Shed Mines And Cut 14,000 Jobs-Reuters

Tuesday, 15 Jan 2013 06:59am EST

Reuters reported that Anglo American Platinum Ltd said it will mothball two South African mines, sell another and cut 14,000 jobs.

Atlatsa Resources Corp And Anglo Platinum Conclude First Phase Of Restructure Plan

Tuesday, 2 Oct 2012 09:01am EDT

Atlatsa Resources Corp announced that the transactions pursuant to the interim implementation agreement with Anglo American Platinum Limited have been closed and implemented. This series of transactions comprises the first phase of the Company's restructuring, recapitalization and refinancing plan, its wholly owned subsidiary, Plateau Resources Pty Ltd, as well as the Bokoni group of companies. The second phase of the Restructure Plan remains subject to finalization of definitive agreements with respect to such transactions, as well as obtaining the necessary shareholder and regulatory approvals, including from the Department of Mineral Resources, South Africa, applicable stock exchanges and other regulatory bodies.

Mawson Resources Limited Updates On Reorganization

Thursday, 1 Mar 2012 09:00am EST

Mawson Resources Limited announced that, as part of its series of proposed transactions that would reorganize the business and capital structure of Mawson into two separate public companies, the Company has completed the sale of T&M Resources AB (T&M) to Tournigan Energy Ltd. (Tournigan). Pursuant to the sale, Tourngian acquired all of the issued and outstanding shares of T&M, a former wholly owned subsidiary of Mawson holding all of Mawson's right, title and interest to certain non-core assets comprised of the Hotagen, Duobblon, Kapell and Aronsjö projects in Sweden and the Riutta, Asento and Nuottijärvi projects in Finland, and indebtedness of T&M in the amount of SEK 14,019,466.81 (approximately CAD2,126,750) for consideration of the issuance of 53,639,848 common shares of Tournigan (the TVC Shares), representing approximately 20.5% of Tournigan's issued and outstanding common shares as of February 29, 2012.

Dolly Varden Silver Corp Announces Completion Of Amalgamation Of Twin Glacier Resources Ltd. And Dolly Varden Silver Ltd. And Receive Conditional Approval To List On TSX Venture Exchange

Monday, 30 Jan 2012 07:00pm EST

Dolly Varden Silver Corp announced the completion of the amalgamation of Twin Glacier Resources Ltd. (Twin Glacier) and Dolly Varden Silver Ltd. (Dolly Varden) under the Business Corporations Act (British Columbia) to form the Company. On January 19, 2012, the TSX Venture Exchange issued its conditional approval of the listing of the Company on the Exchange as a Tier 1 Mining Issuer. The listing of the Company on the Exchange remains subject to the Company meeting the Exchange’s standard conditions for listing. It is anticipated that the Company will be listed and begin trading under the ticker symbol DV on or about February 14, 2012.

Solar Applied Materials Technology Corp to Merge with Subsidiary

Friday, 16 Dec 2011 05:02am EST

Solar Applied Materials Technology Corp announced that it will merge with its wholly owned subsidiary, a rare material industrial company, with the Company to survive and the subsidiary to be dissolved.

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Analyst Research

Report Title Price
MEDUSA MINING LTD - MORE AND MORE GOLD
Provider: Edison Investment Research
$10.00
Buy
GMA RESOURCES - EXPLORER WITH PRODUCTION
Provider: Edison Investment Research
$10.00
Buy
DIAMONEX - JUNE DIAMOND PRODUCTION
Provider: Edison Investment Research
$10.00
Buy
MEDUSA MINING - EXPANDING PRODUCTION
Provider: Edison Investment Research
$10.00
Buy
GMA RESOURCES - PRODUCTION UPDATE
Provider: Edison Investment Research
$10.00
Buy

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