LIM signs new two year iron ore sales agreement with Iron Ore Company of Canada

Labrador Iron Mines Holdings Limited ("LIM" or the "Company") (TSX:LIM.TO - News) is pleased to report that it has entered into a new iron ore sales agreement with the Iron Ore Company of Canada ("IOC") for the sale of all of LIM's iron ore production for the next two calendar years 2013 and 2014.

At the same time, LIM is also pleased to announce that it has entered into an off-take financing agreement with RB Metalloyd Limited ("RBM"), a leading international commodity trading house, under which LIM will receive an advance payment of US$35 million to be credited against future sales of a minimum of 3.5 million tonnes of iron ore during 2013 and 2014.

Published: 14 May 2013
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Cline Mining announces entering into recapitalization agreement

Cline Mining Corporation ("Cline" or the "Company") (TSX:CMK) announced today that it has entered into the definitive recapitalization agreement (the "Recapitalization Agreement") with Marret Asset Management Inc., as agent for the bondholders and standby purchasers party thereto. The transactions contemplated by the Recapitalization Agreement were disclosed by the Company on December 27, 2012. Pursuant to the Recapitalization Agreement, the Company has filed a preliminary short form prospectus dated April 25, 2013 (the "Preliminary Prospectus") with respect to the rights offering and issuance of warrants to its shareholders, as described in greater detail in the Preliminary Prospectus.

Published: 26 April 2013
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Peabody Energy Announces Results For The Quarter Ended March 31, 2013

- First quarter revenues of $1.75 billion drive Adjusted EBITDA of $280 million
- Diluted Loss Per Share from Continuing Operations totals ($0.05)
- Cost containment initiatives benefit earnings and lead to additional $200 million indebt repayment
- U.S. generation on pace to recover up to 75% of lost 2012 demand
- China and India expected to import record coal volumes

Peabody Energy (BTU) today reported first quarter 2013 revenues of $1.75 billion, leading to Adjusted EBITDA of $280.1 million.  Loss from Continuing Operations totaled ($10.3 million) with Diluted and Adjusted Diluted Loss Per Share from Continuing Operations of ($0.05). 

Published: 18 April 2013
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Cline Mining proceeds with Marret Plan

Cline Mining Corporation ("Cline" or the "Company") (TSX:CMK) announced today that it has not received the $2.5 million deposit from Portpool Investments Ltd. by the 5:00 p.m. (EDT) deadline on April 10, 2013 pursuant to the subscription agreement with Portpool dated April 1, 2013.

Cline is currently proceeding with the alternative restructuring transaction (the "Marret Plan") that was previously negotiated with Marret Asset Management Inc., on behalf of certain funds advised by it, as first described in Cline's press release of December 27, 2012.  Pursuant to the Marret Plan, Cline expects to file a preliminary prospectus with respect to a rights offering as soon as possible.

Published: 11 April 2013
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Cline Mining Enters Into Agreement for Financial Restructuring

Cline Mining Corporation ("Cline" or the "Company") (CMK.TO) announced today that it has entered into an agreement with Marret Asset Management Inc. ("Marret"), on behalf of certain funds advised by it, providing for a financial restructuring (the "Restructuring") of the Company. Under the terms of the Restructuring, adjustments will be made to the terms of the Company''s outstanding 10% senior secured bonds (the "Bonds") and, subject to approval by the Toronto Stock Exchange (the "TSX"), the exercise price of the company''s outstanding share purchase warrants will be changed and additional securities of the Company will be issued as described below.

Published: 27 December 2012
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