Stellar Biotechnologies, Inc. Announces US $12,000,000 Private Placement
Stellar Biotechnologies, Inc. ("Stellar" or "the Company") (OTCQB: SBOTF) (TSX VENTURE: KLH) announces its intent to close a private placement of up to 11,428,572 units (the "Units") to raise gross proceeds of up to US$12,000,000 (the "Private Placement"). Each Unit will have a purchase price of US$1.05 and will consist of one common share in the capital of the Company and one-half of a transferable share purchase warrant (a "Warrant"). Each whole Warrant will entitle the holder to purchase one additional common share in the capital of the Company at a purchase price of US$1.35 for a period three years from the date of issuance of the Warrants.
WestJet reports record second quarter net earnings
Airline achieves earnings per share of $0.34, up 10 per cent
WestJet (TSX:WJA.TO ) today announced its 33rd consecutive quarter of profitability, with record second quarter net earnings of $44.7 million, or $0.34 per diluted share. This compares with the net earnings of $42.5 million, or $0.31 per diluted share reported in the second quarter of 2012. These results include $8.4 million of one-time pre-tax transition costs associated with WestJet's business transformation initiative. Based on the trailing twelve months, the airline achieved a return on invested capital of 14.4 per cent, up from the 14.3 per cent reported in the previous quarter.
Ridgeline Reports 97% Increase in Annual Revenue and 275% Year-Over-Year Revenue Increase in Fourth Ridgeline Reports 97% Increase in Annual Revenue and 275% Year-Over-Year Revenue Increase in Fourth Quarter of Fiscal 2013
Achieves Fiscal 2013 Revenues of $30.5 Million Fourth Quarter 2013 Revenue of $12.5 Million
Ridgeline Energy Services Inc. ("Ridgeline" or the "Company") (TSXV: RLE, OTCQX: RGDEF, FSE: RL7) a water treatment and energy technology company, today announced financial results for the fourth quarter and fiscal year ending March 31, 2013.
Gahcho Kué Receives Environmental Impact Review Board Approval
Gahcho Kué Receives Environmental Impact Review Board Approval
De Beers Canada and Mountain Province Diamonds (TSX: MPV, NYSE MKT: MDM) are pleased to announce that the Mackenzie Valley Environmental Impact Review Board (MVEIRB) has concluded the Gahcho Kué Environmental Impact Review and has recommended approval of the proposed Gahcho Kué diamond mine subject to measures and follow-up programs. In a July 19, 2013 letter to the Minister of Aboriginal Affairs and Northern Development Canada, the Honourable Bernard Valcourt, the MVEIRB stated: "The Gahcho Kué Panel recommends, pursuant to sub-section 134(2) of the Mackenzie Valley Resource Management Act, that this development be allowed to proceed subject to implementation of the measures and follow-up programs described in this Report which are necessary to prevent potentially significant adverse impacts on the environment." A copy of the Report of Environmental Impact Review and Reasons for Decision is available at www.reviewboard.ca.
Continental Gold Drills 10.5 metres @ 108 g/t Gold in Yaragua and Hits with Step-out Drilling in the Yaragua and San Agustin Systems at its Buritica Project, Colombia
Continental Gold Limited (TSX:CNL)(OTCQX:CGOOF) ("Continental" or the "Company") is pleased to announce results for 13 diamond drill-holes in the Yaraguá and San Agustin vein systems, as part of the Company's ongoing exploration program at the Buriticá Project in Antioquia, Colombia. Nine drills are currently on site as part of the Company's Phase IV diamond drill program for 2013.
Bayfield Drills 16.0m of 10.47 g/t Gold and 34.68 g/t Silver on Intrepid Zone in Rainy River, NW Ontario
Bayfield Ventures Corp. (TSX VENTURE:BYV)(PINKSHEETS:BYVVF)(FRANKFURT:B4N) is pleased to announce additional assays from the continuing exploration of its 100% owned Burns Block gold-silver project located in the Rainy River District of north-western Ontario. The Company's Burns Block property is ideally situated adjacent to the east of Rainy River Resources' main multi-million ounce gold-silver deposit and to the west of their expanding Intrepid gold-silver zone.
Rainy River District Gold Zones:
Orefinders Intersects 14.50 m @ 8.10 g/t Au Including 5.90 m @ 32.5(i) g/t Au (uncut) at Mirado Gold Project, Kirkland Lake
Orefinders Resources Inc. (TSX VENTURE:ORX) reports additional high grade gold results from six more drill holes (1,866 m) from its phase II diamond drilling program at the Mirado Gold Project in Kirkland Lake, Ontario. Highlights include hole MD13-19 which intersected32.54* g/t Au (uncut) over 5.90 meters of consistent bonanza grade mineralization (see Table 1) within an interval of 14.50 meters at an average cut grade of 8.10 g/t Au. These latest results demonstrate good continuity of near surface high grade gold mineralization over broad widths in the South Zone, where recent drill results included 9.50m @ 59.2* g/t Au (Hole MD13-07) and 4.30 m @ 17.2* g/t Au (uncut) in hole MD13-06.
Cayden Resources Provides a Corporate Update
Cayden Resources Inc. (TSX VENTURE:CYD) ("Cayden" or the "Company") is pleased to provide a corporate update to its shareholders.
Cash position and sustainability
The Company currently has a strong cash position with over two years of operating capital. The current treasury including near-term receivables is approximately $15 million and Cayden is budgeting to have in excess of $9 million in the treasury in December, after the 2013 drill programs and property payments are completed.
Cayden has the unique opportunity to obtain additional non-dilutive funding with the potential future sale of its Las Calles concession. The concession represents a strip of land, located in between the operating Los Filos and El Bermejal pits that make up Goldcorp's (TSX-G) Los Filos mine.
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.
Orefinders Intersects 8.20 m @ 10.58 g/t Au within 30.20 m @ 4.03 g/t Au at Mirado Gold Project, Kirkland Lake
Orefinders Resources Inc. (TSX VENTURE:ORX) reports additional high grade gold results from an additional six drill holes (1,589 m) from its Phase II diamond drilling program. These latest results targeted the South Zone at the Mirado Gold project near Kirkland Lake, Ontario. All six holes being reported intersected significant high-grade and broad lower-grade gold zones.
Highlights of High-grade gold zones intersected near surface and at depth, include:
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.
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.
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.
Fortuna reports 992,218 ounces of Ag and 4,492 ounces of Au for first quarter 2013
Fortuna Silver Mines Inc. (NYSE: FSM) | (TSX: FVI) | (BVL: FVI) | (Frankfurt: F4S.F ) today announces production figures from its two operating mines in Latin America, the San Jose mine in Mexico and the Caylloma mine in Peru. In the first quarter of 2013, the company delivered 992,218 ounces of silver, 4,492 ounces of gold, 4.6 million pounds of lead and 5.9 million pounds of zinc. Fortuna is on schedule to produce 4.4 million ounces of silver and 23,300 ounces of gold or 5.7 million Ag Eq ounces in 2013.
Africa Oil Confirms Lower Lokhone Oil Discovery in Ngamia-1 Well and Provides Operational Update
Africa Oil Corp. (TSX VENTURE:AOI)(NASDAQ OMX:AOI) ("Africa Oil" or the "Company") is pleased to provide the following operational update on its projects in East Africa.
The first of six drill stem tests at the Ngamia-1 well has been concluded. This test was in the Lower Lokhone formation where up to 43m of potential pay had previously been identified by logging and MDT sampling. The well flowed 281 barrels of 30 degree API oil per day with the assistance of a Progressive Cavity Pump (PCP). The remaining 5 tests will be conducted in the Auwerwer (formerly Upper Lokhone) sandstones which are the highest quality reservoirs penetrated in the Ngamia well and which produced very well in the recent tests at the Twiga South-1 well. Results of these remaining Ngamia tests are expected to be announced by early June.
Petrobakken Announces Q1 2013 Operations Update With Average Production of 49,100 Boepd
PetroBakken Energy Ltd. ("PetroBakken" or the "Company") (TSX:PBN) is pleased to provide an update on our first quarter operations. Note that all well counts contained in this press release are net numbers.
Consistent with our capital plan, the first quarter of 2013 was very active as we drilled 53 wells, placed 40 wells on production and exited the quarter with an inventory of 30 wells waiting to be brought on-stream. Although well activity decreased from the fourth quarter of 2012, production continued to grow and averaged 49,079 barrels of oil equivalent per day ("boepd") (82% light oil and liquids weighted) during the first quarter.
First Majestic Produces Another Quarterly Record 2.73 Million Silver Eqv. Ounces
First Majestic Silver Corp. ("First Majestic" or the "Company") (TSX:FR)(NYSE:AG)(FRANKFURT:FMV) is pleased to announce that total production at its five operating mines in Mexico for the first quarter ending March 31, 2013, reached 2,731,792 equivalent ounces of silver, representing a 36% increase compared to the same quarter in 2012.
Total silver production for the quarter consisted of 2,437,664 ounces of silver, representing an increase of 33% compared to the same quarter in 2012. In addition, 4,058,114 pounds of lead and 1,679,378 pounds of zinc were produced representing an increase of 28% and 27%, respectively, compared to the same quarter of the previous year. Also, 1,584 ounces of gold was produced, representing an increase of 159% compared to the first quarter of 2012.
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.
Fission Energy Corp.: 23m of High Grade Uranium Including 2m of 12.4% U3O8 at PLS's R00E Zone
FISSION ENERGY CORP. (TSX VENTURE:FIS)(OTCQX:FSSIF) ("Fission" or "the Company), and its 50% Joint Venture partner Alpha Minerals Inc., are pleased to report further assay results from twelve holes in the R00E zone on its Patterson Lake South (PLS) Property. The Company is reporting on twelve holes from the R00E zone in which results show a continuous area of broad, relatively flat lying zone of uranium mineralization at shallow depths
These results are part of the recently completed Winter Drill program at PLS. They expand upon and delineate the R00E assay results previously reported (see news release dated Dec. 05, 2012) that outline a broad zone of uranium found at shallow depth.
Timmins Gold Reports Record Production of 28,328 Gold Ounces for the First Quarter of 2013
Timmins Gold Corp. (TSX:TMM)(NYSE MKT:TGD) is pleased to report preliminary production results for the Company's first quarter ended March 31, 2013. The Company achieved record gold production of 28,328 ounces for the quarter, an increase of 31.6% over the same period last year.