Energy Fuels Signs Letter of Intent to Acquire Strathmore Minerals Creating One of the Largest Uranium Companies in the United States
Energy Fuels Inc. (TSX:EFR) ("Energy Fuels") and Strathmore Minerals Corp. (TSX:STM)(OTCQX:STHJF) ("Strathmore") are pleased to announce the signing of a Letter of Intent (the "LOI") pursuant to which Energy Fuels and Strathmore have agreed to pursue a transaction (the "Transaction") whereby Energy Fuels would acquire, by way of a plan of arrangement, all of the issued and outstanding common shares of Strathmore. Under the terms of the LOI, Strathmore shareholders would receive 1.47 common shares of Energy Fuels for each common share of Strathmore held, resulting in the shareholders of Strathmore owning approximately 21% of the issued and outstanding shares of Energy Fuels upon completion of the Transaction. The consideration represents a premium of 31% based on the 20-day volume weighted average prices on the TSX as of May 22, 2013.
Rainy River Resources Provides Project Update
Rainy River Resources Ltd. ("Rainy River" or the "Company" (RR.TSX)) is pleased to announce that it has made significant progress on key aspects of the development of its namesake Rainy River Gold Project ("RRGP" or "Project"). Details are provided below:
Technical:The Company has filed on SEDAR a Technical Report dated May 23, 2013 and entitled "Feasibility Study of the Rainy River Gold Project, Ontario, Canada", as summarized in the Company's press release of April 10, 2013, in compliance with National Instrument 43-101: Standards of Disclosure for Mineral Projects. The technical report will also be available on Rainy River's web site.
Tsakos Energy Navigation Reports Profits for the First Quarter of 2013 and Dividend Declaration
Tenfold Increase in Operating Income to $9.7 Million -- Net Income of $1.0 Million; 30.0% Increase in EBITDA to $34.1 Million From Q1 2012; 7.4% Reduction in Daily Operating Expenses; TEN Celebrates 20 Years in the Capital Markets
Tsakos Energy Navigation Limited (TEN) (NYSE: TNP)
FIRST QUARTER AND RECENT HIGHLIGHTSFleet consists of 28 product tankers, 19 crude carriers and two LNG vessels $9.7 million in operating income against $1.0 million in first quarter 2012 Net income of $1.0 million against a loss of $8.8 million in first quarter 2012 44 out of 47 vessels with positive EBITDA
Infoblox Reports Third Quarter of Fiscal 2013 Results
Infoblox (BLOX), the automated network control company, today reported its financial results for its third fiscal quarter ended April 30, 2013. Total net revenue for the third quarter of fiscal 2013 was a record $58.0 million, an increase of 34% on a year-over-year basis.
On a GAAP basis, the Company reported a net loss of $0.3 million, or $0.01 loss per fully diluted share, for the third quarter of fiscal 2013, compared with a net loss of $1.0 million, or $0.07 loss per fully diluted share, for the third quarter of fiscal 2012.
MTS concludes strategic review process with agreement to sell Allstream to Accelero Capital in transaction valued at $520 million
Manitoba Telecom Services Inc. (TSX:MBT) (the "Company", including its two operating subsidiaries "MTS" and "Allstream") today announced the conclusion of the wide-ranging strategic review to consider a full range of alternatives to enhance Allstream's growing competitiveness and improve the long-term position of the Company's stakeholders.
Following a comprehensive auction process and a review of other strategic alternatives, the Company today announced that it has signed a binding agreement to sell its Allstream business to Accelero Capital Holdings S.ὰ r.l. Group ("Accelero"), an investment and management group focused on telecommunication, digital media and technology in a transaction that values Allstream at $520 million, subject to certain customary adjustments, including assumed debt obligations and normalized working capital, as well as certain pension related obligations as described below.
Cline announces resignation of President, CEO and director and appointment of new director
Cline Mining Corporation ("Cline" or the "Company") (TSX: CMK) announced today that Mr. Kenneth Bates has resigned as President, CEO and director of the Company and its subsidiary, effective immediately. Mr. Bates has served as President, CEO and director of the Company since foundation.
The Company's Executive Chairman, Mr. Mark Haywood stated "We wish to thank and express our gratitude to Ken for his dedicated service and numerous contributions made to the Company under often challenging conditions. We wish him well in his future endeavours."
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:
PNG Gold Corporation-51.21 g/tonne Gold and 124.50 g/tonne Silver Over 2.50 Metres, Imwauna Main Structure, Papua New Guinea
PNG Gold Corporation ("PNG Gold" or the "Company") (TSX VENTURE:PGK) is pleased to announce gold and silver assay results from 11 diamond drill holes from Imwauna Main Structure. Several holes in Table #2 were previously announced on March 12, 2013 some of which contained only partial gold and silver assay results.
Table #1 highlights the assay results from hole IMH-272 which contain highly prospective gold grades, typical of low sulphidation epithermal deposits and known to occur along the Imwauna Main Structure from previous drilling programs. Since January 2013 the company has drilled 45 diamond drill holes for a total of 14,038.75 metres on the Imwauna Main Structure. Final assay results have been received for all of the holes noted in Table #2.
Nordion Enters into Agreement to Divest Targeted Therapies Business to BTG plc
Nordion Inc. (NDN.TO) (NDZ), a leading provider of products and services for the prevention, diagnosis and treatment of disease, announced that it has entered into an agreement to divest its Targeted Therapies business to BTG plc (BTG.L) (“BTG”), an international specialist healthcare company based in London, United Kingdom, for a cash purchase price of US$200 million. Net of cash taxes and transaction costs, Nordion expects to realize approximately US$185 million on closing. The transaction is anticipated to be completed by the end of June 2013.
Nordion manufactures and commercializes TheraSphere®, a targeted liver cancer therapy, the sole product in its Targeted Therapies business. Under the terms of the transaction agreements, BTG is expected to acquire TheraSphere and Nordion has agreed to continue manufacturing TheraSphere under a Manufacturing and Support Agreement with a contract term of three years, plus a two-year extension at BTG’s option. Approximately 40 Nordion employees are expected to join BTG following the completion of this transaction, which is subject to customary closing conditions and approval by BTG shareholders.
OCZ Launches the Next Generation Vertex 450 Series Solid State Drives
OCZ Technology Group, Inc. (NASDAQ: OCZ), a leading provider of high-performance solid-state drives (SSDs) for computing devices and systems, today announced the release of the Vertex 450 SATA III SSD Series featuring the company's proprietary Indilinx Barefoot 3 M10 Series controller. As part of the leading-edge Vertex series, Vertex 450 lives up to its name and bridges the gap between high performance and mainstream solid-state storage. With advanced storage performance, reliability, and quality, the Vertex 450 utilizes 20nm process geometry NAND flash to meet the needs of today's high-end consumer and client applications.
Highway Holdings Receives Multi-Year OEM Order for Vacuum Cleaner Components
Highway Holdings Limited (HIHO) today announced it received a multi-year order for vacuum cleaner components valued at approximately $400,000 per year from a leading international appliance manufacturer.
Production has already commenced, and an initial order of approximately three million components has been delivered to the customer for vacuum cleaner kits that require nine different plastic parts manufactured by Highway Holdings.
"We are gratified by this leading OEM's confidence in our capabilities and quality and look forward to additional opportunities to work together," said Roland Kohl, president and chief executive officer of Highway Holdings.
rue21 Enters Into Definitive Agreement to be Acquired by Funds Advised by Apax Partners for $42.00 Per Share in Cash
Represents 42% Premium to 90-Day Volume Weighted Average Price Independent Special Committee to Conduct "Go-Shop" Process Company Expects to Report First Quarter 2013 Diluted EPS of $0.44 per Share
rue21, inc. (RUE), a leading specialty apparel retailer of girls and guys apparel and accessories, and Apax Partners, a global private equity firm, today announced a definitive agreement under which funds advised by Apax Partners will acquire all outstanding shares of rue21 for $42.00 per share in cash. The transaction is valued at approximately $1.1 billion. The transaction price represents a premium of approximately 23% to yesterday's closing share price and approximately 42% to the 90-day volume weighted average price (VWAP).
Proposed Offer for Afferro Mining Inc.
The boards of Afferro Mining Inc. ("Afferro") and International Mining & Infrastructure Corporation plc ("IMIC") are pleased to announce that they have agreed terms in-principle, for the proposed acquisition of Afferro by IMIC, which Afferro's Board intends to recommend to its shareholders, subject to the completion of relevant documentation including satisfactory final financing arrangements, and the receipt of a fairness opinion from its financial adviser as to its terms of the proposed offer.
Under the agreed terms, IMIC will offer for each share of Afferro:80p in cash, plus a 2-year convertible loan note of with principal value of 40p.
Copper Mountain mine back in operation earlier than expected
Copper Mountain Mining Corporation (TSX:CUM ) (the "Company" or "Copper Mountain") announces that further to the Company's news release of May 17, 2013, the damaged SAG mill transformer was replaced late Friday and the mill was back in operation by 6 pm Friday May 17, 2013. Site maintenance personnel were able to successfully replace the damaged transformer with identical transformers from Ball Mill #1. Operations over the long weekend with the SAG mill and one ball mill was better than forecast and operated at an average rate of 1,100 tpoh or an average of 25,400tpd.
Zale Corporation Reports Third Quarter Fiscal 2013 Results
Net earnings of $5 million, or $0.13 per diluted share, compared to a loss of $5 million in the prior year quarter Gross margin of 52.6 percent, up 130 basis points from prior year quarter Operating margin of 2.2 percent, up 80 basis points from prior year quarter Comparable store sales up 1.4 percent; up 2.6 percent on a constant currency basis and excluding February 29, 2012 Zales branded stores up 3.0 percent; up 3.9 percent excluding February 29, 2012 Year-to-date net earnings of $18 million, or $0.45 per diluted share, compared to loss of $8 million, or $0.23 per diluted share, in the prior year
Zale Corporation (ZLC) today reported its financial results for the third quarter ended April 30, 2013.
NPS Pharmaceuticals Prices Public Offering of Common Stock
NPS Pharmaceuticals, Inc. (NPSP) today announced the pricing of an underwritten public offering of 6,000,000 shares of its common stock at a price of $14.53 per share to the public. All of the shares are being sold by NPS. The gross proceeds to NPS from this offering are expected to be approximately $87.2 million, before deducting underwriting discounts and commissions, and other estimated offering expenses payable by NPS. The offering is expected to close on or about May 24, 2013, subject to the satisfaction of customary closing conditions.
J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are acting as joint book-running managers for the offering. Canaccord Genuity Inc. and Leerink Swann LLC are acting as lead co-managers for the offering and Oppenheimer & Co. Inc. and Wedbush PacGrow Life Sciences are acting as co-managers for the offering.
Goodman Networks to Acquire Multiband
Goodman Networks Incorporated, a privately held leader in the design, engineering, deployment, integration and maintenance of wireless telecommunication networks, and Multiband Corporation, (MBND), a leading Home Service Provider (HSP) for DIRECTV and the nation's largest DIRECTV Master System Operator (MSO) for Multiple Dwelling Units (MDUs), today jointly announced that they have signed a definitive merger agreement, pursuant to which Goodman Networks will acquire Multiband.
Under the terms of the agreement, Goodman Networks will pay $3.25 per Multiband common share, redeem all of Multiband's outstanding preferred stock and repay Multiband's outstanding bank indebtedness in an all cash transaction totaling approximately $116 million.
Cleantech Solutions International Becomes Certified Supplier to China's Oil and Natural Gas Industry
Cleantech Solutions International, Inc. ("Cleantech Solutions" or "the Company") (CLNT), a manufacturer of metal components and assemblies, primarily used in the wind power, solar and other clean technology industries and dyeing and finishing equipment to the textile industry, today announced that it has become a certified supplier of components to China Petroleum and Chemical Corporation (Sinopec) and China National Petroleum Corporation (CNPC).
In May 2013, the Company delivered protoypes to Sinopec and CNPC of forged flanges and pipes, which are components used in oil and natural gas onshore and offshore drilling and refinery equipment. The Company's subsidiary, Wuxi Fulland Wind Energy Equipment Co., Ltd., has also received the necessary third party certifications, stating that its flanges and pipes are in conformity with the applicable standards in regard to axis shape, circular shape, tubular shape and forging processing.
Solvista Gold Reports Continued Drilling Success at Caramanta: New Results Include 456.3 Metres at 1.40 g/t Gold Equivalent and 323.4 Metres at 1.74 g/t Gold Equivalent
Solvista Gold Corporation ("Solvista" or the "Company") (TSX VENTURE:SVV)(OTCQX:SVVZF) is pleased to announce the completion of its 8,000 metre, Phase 1 drill program on three separate targets within the Caramanta Porphyry Cluster at its Caramanta Project. The Company is also pleased to release the results of seven additional drill holes on its El Retén gold-copper discovery (the first of the three targets drilled within the Caramanta Porphyry Cluster) completed as part of the Phase 1 drill program. These results further support the Company's model that the Caramanta Porphyry Cluster represents a cluster of related mineralized bodies and as such, has the potential to host significant new gold-copper porphyry discoveries in the Middle Cauca Belt of Colombia.
Premier provides additional drill results from Hardrock - Including 400.53 g/t Au across 5.0 metres (11.68 oz/t gold across 16.4 feet)
PREMIER GOLD MINES LIMITED (TSX:PG) is pleased to announce additional high-grade results from ongoing drilling at the Company's Trans-Canada Property in Northwestern Ontario. Drilling has discovered a parallel gold-bearing horizon within 250 metres of surface and continues to confirm extensions to several horizons. New highlight intercepts include:400.53 grams per tonne gold (g/t Au) across 5.0 metres (m) in hole HR156 including 2,000 g/t Au across 1.0 m drilled to upgrade resources in the deeper portion of the pit shell within the HGN-Zone.