Legumex Walker Reports Significantly Improved Financial Results for First Quarter 2013
- Special Crops Division Delivers Strong Quarter for EBITDA and Cash Flow As Pacific Coast Canola Prepares for Full Production -
Legumex Walker Inc. (TSX:LWP.TO ) (the "Company") today reported its financial results for the three months ended March 31, 2013. All figures are in Canadian dollars unless otherwise stated.
Highlights for the Three Months Ended March 31, 2013 (all growth metrics reflect comparison to the three months ended March 31, 2012):Improved financial results from the Special Crops division: Revenue increased 26% to $83 million on an increase in tonnes shipped of 19% to 97,500 tonnes; Adjusted gross profit increased 61% to $9.2 million with a commodity margin increase of 41% to $144 per tonne, reflecting the success of the Company's strategy to diversify into higher-margin products;
Asanko's Pre-Feasibility Study Confirms Robust Project Economics for Esaase Gold Project
Asanko Gold Inc. ('Asanko' or the 'Company') (TSX:AKG)(NYSE MKT:AKG) is pleased to announce that the Pre-Feasibility Study ('PFS') for its flagship Esaase Gold Project in Ghana, West Africa ('Esaase' or the 'Project'), has confirmed the technical and economic viability of the Project. All currency in this news release is quoted in United States Dollars unless otherwise stated.
Highlights of the PFS (based on $1,400 per ounce gold price) are, as follows:Proven & Probable Mineral Reserves of 2.37 million ounces of gold at 1.41 g/t. Robust project economics with an after-tax IRR of 23.2% and an NPV (5%) of $354.7 million.
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$35 million to be credited against future sales of a minimum of 3.5 million tonnes of iron ore during 2013 and 2014.
GASFRAC Announces First Quarter 2013 Results
MANAGEMENT'S DISCUSSION AND ANALYSIS
MARCH 31, 2013
Management's discussion and analysis ("MD&A") of the financial condition and the results of operations should be read in conjunction with the unaudited interim condensed consolidated financial statements for the three months ended March 31, 2013 and the consolidated financial statements for the year ended December 31, 2012 of GASFRAC Energy Services Inc. ("GASFRAC" or the "Company") (GFS.TO), together with the accompanying notes. The interim condensed consolidated financial statements have been prepared in accordance with International Financial Reporting Standards ("IFRS") including International Accounting Standard ("IAS") 34, "Interim Financial Reporting" as issued by the International Accounting Standards Board ("IASB").
Thompson Creek Metals Company Reports First Quarter 2013 Financial Results
Thompson Creek Metals Company Inc. (NYSE: TC) (TSX: TCM) (the "Company" or "Thompson Creek"), a growing, diversified North American mining company, today announced financial results for the three months ended March 31, 2013, prepared in accordance with United States generally accepted accounting principles ("US GAAP"). All dollar amounts are in United States ("US") dollars unless otherwise indicated. References to C$ refer to Canadian dollars.
Bankers Petroleum Announces 2013 First Quarter Financial and Operational Results
Realised Free Cash Flow and Record Production; Current Production 17,500 bopd
Bankers Petroleum Ltd. ("Bankers" or the "Company") (TSX: BNK, AIM: BNK) is pleased to provide its 2013 first quarter financial and operational results. During the quarter, Bankers achieved several key milestones, including its first quarter of free cash flow and record production levels.
Medicago successfully produces VLP vaccine candidate for H7N9 virus responsible for recent influenza outbreak in China
-Medicago Ready to Collaborate with Authorities to Further Study the Potential of this Vaccine to Protect Against H7N9-
Medicago Inc. (TSX: MDG; OTCQX: MDCGF), a biopharmaceutical company focused on developing highly effective and competitive vaccines based on proprietary manufacturing technologies and Virus-Like Particles (VLPs), today announced that it has successfully produced a new VLP vaccine candidate for the H7N9 virus that is responsible for the current influenza outbreak in China.
Timmins Gold Reports Record Profit From Operations of $19.3 million and Record Earnings Per Share of $0.10 for Q1 2013
Timmins Gold Corp. (TMM.TO)(NYSE MKT:TGD) (the "Company") is pleased to report its financial results for the first quarter ended March 31, 2013. The comparative period is the three months ended March 31, 2012. All results are presented in United States dollars ("US Dollars") unless otherwise stated. Readers should refer to the 2013 management discussion and analysis and consolidated financial statements for complete information.
WestJet reports record net earnings of $91 million, up 33 per cent
Airline announces it has entered into agreements to modernize its Boeing 737 fleet
WestJet (TSX: WJA) today announced its first quarter results for 2013. The airline reported record net earnings of $91.1 million, or $0.68 per diluted share, up from the net earnings of $68.3 million, or $0.49 per diluted share reported in the first quarter of 2012. These results mark WestJet's 32nd consecutive quarter of profitability. Based on the trailing twelve months, the airline achieved a return on invested capital of 14.3 per cent, up from the 13.7 per cent reported in the previous quarter.
Insignia Energy Ltd. Announces Receipt of Proposal for Going Private Transaction
Insignia Energy Ltd. ("Insignia" or the "Company") (ISN.TO) today announced that the independent members of the board of directors of the Company have received a proposal (the "Proposal") from Brookfield Capital Partners Ltd. ("Brookfield") to privatize Insignia. Under the Proposal, all shareholders of Insignia, other than those participating in the Proposal, would receive $1.35 cash for each of their common shares of Insignia ("Common Shares"). The proposed offer price translates into a premium of 95% based on the weighted average trading price of the Common Shares on the Toronto Stock Exchange ("TSX") for the previous twenty (20) trading dates ended May 3, 2013.
First Majestic Announces Completion of La Guitarra's Expansion to 500 tpd
FIRST MAJESTIC SILVER CORP. (TSX:FR)(NYSE:AG)(FRANKFURT:FMV) (the "Company" or "First Majestic") is pleased to announce that the expansion that commenced at the La Guitarra Silver Mine in November 2012 is now complete. The processing plant's capacity increased by 40% to 500 tpd from 350 tpd and commercial production is expected to reach 500 tpd during the month of May.
The construction of the new circuit was completed on budget and has been operating since April 24, 2013, without disrupting operations in the old 350 tpd circuit. This new circuit, resulting from the installation of a new ball mill and new flotation cells, is anticipated to produce approximately 1.2 million ounces of silver equivalent annually, representing over one million ounces of pure silver plus a modest amount of gold.
Redline Communications Lands First Wireless Digital Oil Field Project in South America
-- Deal with Major South American Oil Producer Expands Redline's Global Footprint--
Redline Communications (www.rdlcom.com Group Inc. TSX: RDL), a leading provider of broadband wireless solutions for machine-to-machine (M2M) communications, today announced that their rugged industrial wireless system was chosen to create a wireless infrastructure for a major oil producer in South America.
As in other parts of the world, the oil & gas industry in South America has turned to Enhanced Oil Recovery (EOR) techniques to increase production, safety, and to reduce the environmental impact in their mature oil fields.
Allied Nevada Announces US$150.5 Million Bought Deal Financing
Allied Nevada Gold Corp. ("Allied Nevada", "we", "us", "our" or the "Company") (TSX:ANV)(NYSE Amex:ANV)(NYSE MKT:ANV) announces that the Company has entered into an agreement with a syndicate of underwriters, led by Dundee Securities Ltd. and including Cormark Securities Inc. (collectively, the "Underwriters"), which have agreed to purchase, on a bought deal equity financing basis, 14,000,000 shares of common stock of the Company (the "Shares") at a price of US$10.75 per Share, for aggregate gross proceeds to the Company of US$150,500,000. The Underwriters will also have the option, exercisable in whole or in part at any time up to 30 days after the closing of the offering, to purchase up to an additional 2,100,000 Shares at a price of US$10.75 per share to cover over-allotments. In the event that the over-allotment option is exercised in its entirety, the aggregate gross proceeds of the offering to the Company will be US$173,075,000.
A&W Revenue Royalties Income Fund announces first quarter 2013 results
TRADING SYMBOL: The Toronto Stock Exchange - AW.UNSame store sales hit by winter weather Both distributable cash and net income grow
A&W Revenue Royalties Income Fund (the Fund) reported today results for the first quarter ended March 24, 2013. The Fund will hold a conference call to discuss the results on Tuesday, April 30, 2013 at 1:00 p.m. Pacific Time (4:00 p.m. Eastern Time). The call can be accessed by dialling toll-free 1-877-974-0445 or (416) 644-3414. A replay will be available until May 14, 2013, by dialling toll-free 1-877-289-8525 or (416) 640-1917 Passcode: 4616097#.
Transition Therapeutics Announces Results of Clinical Study of Type 2 Diabetes Drug Candidate TT-401
Transition Therapeutics Inc. ("Transition" or the "Company") (NASDAQ: TTHI, TSX: TTH) announced the results of a five-week proof of concept clinical study of TT-401 in type 2 diabetic and obese non-diabetic subjects. In the study, TT-401 a once-weekly administered peptide, demonstrated significant improvements in glycemic control and reductions in body weight.
The study enrolled diabetic patients at five dosing levels and non-diabetic obese patients at one dose level. All dosing cohorts received five doses over a five week period. Diabetic patients were on stable doses of metformin. At the end of the treatment period, TT-401-treated patients in the three highest dose groups experienced statistically significant reductions in mean fasting plasma glucose relative to placebo.
Perpetual Energy Inc. announces exercise of option for Warwick Gas Storage, approval of IETP funding for Panny Bitumen Project and credit facility renewal
Perpetual Energy Inc. ("Perpetual" or the "Company") is pleased to announce:
1) The exercise of its option to purchase an additional 20 percent interest in Warwick Gas Storage ("WGS LP"); 2) Confirmation of funding for the Panny Bitumen Project through the Government of Alberta's Innovative Energy Technologies Program ("IETP"); and 3) Renewal of Perpetual's credit facility with a revised borrowing base of $125 million.
Warwick Gas Storage
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.
Winstar Resources Ltd reaches an agreement for sale of the company to Kulczyk Oil Ventures Inc
Winstar Resources Ltd ("Winstar" or the "Company") (TSX:WIX.TO ) announces today that it has entered into an Arrangement Agreement (the "Agreement") whereby Kulczyk Oil Ventures Inc. ("KOV" or the "Purchaser") will acquire all of the issued and outstanding common shares of Winstar (the "Transaction").
Under the terms of the Agreement, each Winstar shareholder will receive, for each Winstar share, at the shareholder's election: i) C$2.50 in cash (the "Cash Consideration"); or ii) 7.555 KOV ordinary shares (the "Share Consideration"), subject to a maximum of C$35 million in cash being paid to Winstar shareholders in aggregate.
Paramount Gold and Silver Extends High Grade Gold and Silver Values Down Dip on Don Ese Vein at San Miguel Project, Mexico
DS-13-032 reports intercepts up to 42.5 g/T gold and 186 g/T silver within a 22.5 meter wide mineralized zone Paramount Gold and Silver Corp. (NYSE MKT:PZG)(PZG.TO)(P6G.F)(WKN:A0HGKQ) ("Paramount") today reported that a new drill program designed to test the depth potential of the high grade Don Ese Vein has intersected outstanding gold and silver grades over greater-than-expected widths, indicating that substantial additional resources could be developed below the current resource model.
Bengal's Drilling Campaign Continues to Show 100% Success Rate - Now 10 for 10 at Cuisinier in the Cooper Basin
Bengal Energy Ltd. (TSX:BNG.TO) ("Bengal" or the "Company") is pleased to announce that the Cuisinier 8 well ("Cuisinier 8"), the second well in the 2013 Cuisinier appraisal drilling campaign on the Barta sub-block ("Barta sub-block") portion of Authority to Prospect ("ATP") 752P in the Cooper-Eromanga Basin, in Queensland, Australia, has been cased as a future oil producer.
The Cretaceous Murta member, DC70 sand was the primary target and the well encountered approximately 7.6 metres of net sandstone with a preliminary estimate of 6.8 metres net pay.