Probe Resources Announces Filing of Its August 31st, 2010-2011 Year End Audited Financial Statements and MD&A
VANCOUVER, BRITISH COLUMBIA–(Marketwire – Dec. 31, 2011) – Probe Resources Ltd. (TSX VENTURE:PBR.H) (the “Company” or “Probe”) announces that it has filed its August 31, 2011 year end audited Financial Statements and Management Discussion and Analysis. These documents can be retrieved electronically from SEDAR (www.sedar.com) This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the Companies securities in the United States. The Companies securities…continued
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Wescast Industries Inc. Comments on Memorandum of Understanding
BRANTFORD, ONTARIO–(Marketwire – Dec. 31, 2011) – Wescast Industries Inc. (TSX:WCS.A) (“Wescast”) today noted that the previously-announced Memorandum of Understanding (“MOU”) between Wescast and Sichuan Bohong Industry Co., Ltd. (“Bohong”) of China regarding a possible acquisition of Wescast (the “Acquisition”) provides that it will automatically terminate if Bohong has not obtained by December 30, 2011 (the “Expiration Date”) a financing commitment letter from its proposed lender, the China Deve…continued
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Prophecy Coal Obtains Credit Facilities Totaling $7 Million To Advance Chandgana Project
VANCOUVER, BRITISH COLUMBIA–(Marketwire – Dec. 30, 2011) – Prophecy Coal Corp. (“Prophecy” or the “Company”) (TSX:PCY)(OTCQX:PRPCF)(FRANKFURT:1P2) is pleased to announce that it has executed a term sheet for a secured debt facility of up to $5 million (the “Debt Facility”) with a leading resource lender and a $2 million inter-company loan facility agreement (the “Inter-Co Facility”) with its controlled affiliate, Prophecy Platinum Corp. The Debt Facility is currently subject to completion of the…continued
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Prophecy Platinum and Prophecy Coal Enter into $2 Million Intercompany Loan Facility
VANCOUVER, BRITISH COLUMBIA–(Marketwire – Dec. 30, 2011) – Prophecy Platinum Corp. (“Prophecy Platinum” or the “Company”) (TSX VENTURE:NKL)(OTCQX:PNIKF)(FRANKFURT:P94P) is pleased to announce that Prophecy Platinum and Prophecy Coal have entered into an intercompany loan facility (the “Inter-Co Facility”) whereby each company can request a loan from the other company of up to $2 million at an interest rate of 14.4% per annum, compounded annually. The Inter-Co Facility would allow either company …continued
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NorRock Realty Finance Corporation and Partners Real Estate Investment Trust remind NorRock Shareholders of changed NorRock special meeting date and changed court hearing date
Not for distribution to U.S. newswire services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. securities laws. TORONTO, Dec. 30, 2011 /CNW/ – NorRock Realty Finance Corporation (” NorRock “) (TSX: RF.A) (TSX: RF.PR.A) and Partners Real Estate Investment Trust (” Partners REIT “) (TSXV: PAR.UN) jointly remind NorRock shareholders that the special meeting being held to consider the previously announced proposed tra…continued
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Los Andes Announces Closing of Private Placement
VANCOUVER, BRITISH COLUMBIA–(Marketwire – Dec. 30, 2011) – Los Andes Copper Ltd. (“Los Andes”, or the “Company”) (TSX VENTURE:LA)(PINKSHEETS:LSANF) is pleased to announce the Company has closed its previously announced non-brokered private placement of 2,000,000 shares priced at $0.38 per share for gross proceeds of $760,000. All securities issued pursuant to the private placement will be subject to a hold period of four months and one day expiring on May 1, 2012. The proceeds of the private …continued
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Nordic Oil and Gas Ltd. Announces Final Closing of Private Placement Offering
/THIS PRESS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES/ WINNIPEG, Dec. 30, 2011 /CNW/ – Donald Benson, Chairman and Chief Executive Officer of Nordic Oil and Gas Ltd. (the “Corporation”), today announced the final closing of the Corporation’s previously announced private placement offering of flow-through units (the “Offering”). The Corporation issued 1,500,000 flow-through units (the “Units”) at a price of $0.075 per Unit for gross proc…continued
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Nordic Oil and Gas Ltd. Announces Final Closing of Private Placement Offering
/THIS PRESS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES/ WINNIPEG, Dec. 30, 2011 /CNW/ – Donald Benson, Chairman and Chief Executive Officer of Nordic Oil and Gas Ltd. (the “Corporation”), today announced the final closing of the Corporation’s previously announced private placement offering of flow-through units (the “Offering”). The Corporation issued 1,500,000 flow-through units (the “Units”) at a price of $0.075 per Unit for gross proc…continued
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Forest Gate Withdraws Offer To Acquire Oil and Gas Assets
SYMBOL & EXCHANGE: FGE-V CALGARY, Dec. 30, 2011 /CNW Telbec/ – Forest Gate Energy Inc. (TSXV: FGE) reports that its energy group has withdrawn its offer to acquire oil and gas assets from Sandbox Energy Corp. of Calgary. The decision follows due diligence. Forest Gate says it believes it can pursue a new deal with Sandbox, but likely on the basis of revised terms. “The original deal (see news release, Dec.13, 2011) was complicated,” said Michael Judson, President and CEO of Forest Gat…continued
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Franchise Services of North America Inc. Announces Financial Results for the Fiscal Year Ended September 30, 2011, Announces Six New Franchise Locations
CALGARY, ALBERTA–(Marketwire – Dec. 30, 2011) – FRANCHISE SERVICES OF NORTH AMERICA INC. (TSX VENTURE:FSN) (“FSNA” or the “Company”) announced today its financial results for the fiscal year ended September 30, 2011 and new franchise locations. Revenue and the net loss for the year ended September 30, 2011 were $15,888,701 and $316,940 respectively, as compared to revenue of $16,212,522 and a net loss of $732,595 for year ended September 30, 2010. Tom McDonnell, the Company’s Co-Chairman …continued
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GWR Grants Options and Announces Consulting Agreement
GWR Grants Options and Announces Consulting Agreement Lac La Hache, British Columbia CANADA, December 30, 2011 /FSC/ – GWR Resources Inc. (GWQ – TSX Venture),(the “Company”) is pleased to announce the grant of 2,325,000 incentive stock options under its incentive stock option plan to certain directors, officers and employees pursuant to stock option agreements dated December 28, 2011. The options are exercisable at $0.25 for a period of five years from the date of grant. The Company also announces t…continued
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Delayed Progress on Construction of the DMS Plant, Spirals Bank and Ancillary Plant Equipment at the Luisha South Project, Katanga Provence, Democratic Republic of Congo
VANCOUVER, BRITISH COLUMBIA–(Marketwire – Dec. 30, 2011) – Editors Note: There is a photo associated with this Press Release. African Metals Corporation (TSX VENTURE:AFR) (FRANKFURT:OWW) (“AFR”) reports a delay in progress of the construction of the Dense Media Separation (DMS) plant, spirals bank and ancillary equipment (the DMS Plant) at the Luisha South Project. Construction M&J Investments Sprl (“M&J”) have progressed construction of the DMS Plant at the Luisha South Pro…continued
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Upper Canada Gold Corporation announces private placement and appointment of Patrick Cronin to board of directors
TORONTO, Dec. 30, 2011 /CNW/ – Upper Canada Gold Corporation (“Upper Canada” or the “Company”) (TSXV: UCC) is pleased to announce that it has closed the non-brokered private placement first announced on December 12, 2011 pursuant to which it issued 12,000,000 units (“Units”) at a price of $0.05 per unit for gross proceeds of $600,000 (the “Offering”). Each Unit comprises one common share and one common share purchase warrant (“Warrant”). Each Warrant entitles the holder to acquire a furth…continued
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Grasslands Entertainment Inc. (Now Lakeside Minerals Inc.) Announces Completion of Reverse Take-Over With Lakeside Minerals Corp. and Closing of A $1,752,400 Financing
TORONTO, ONTARIO–(Marketwire – Dec. 30, 2011) – Grasslands Entertainment Inc. (TSX VENTURE:GEE), now Lakeside Minerals Inc. (the “Company”), is pleased to announce the completion of the reverse take-over (“RTO”) with Lakeside Minerals Corp. (“Lakeside”) and the name change from Grasslands Entertainment Inc. to Lakeside Minerals Inc. Concurrent with the RTO, on December 20, 2011, Lakeside closed a brokered private placement with aggregate gross proceeds of $1,752,400. Subject to final approval by t…continued
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Nuvolt Coporation Announces the Deposit of Its Annual Financial Results as Well as the Date of Its Annual General Meeting
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Ridgeline Closes DHS Acquisition and Bought-Deal Private Placement
CALGARY, Dec. 30, 2011 /PRNewswire/ – Ridgeline Energy Services Inc. (TSX-V: RLE; OTCQX: RGDEF) ( “Ridgeline” or the “Company” ) is pleased to announce that it has closed its previously announced 100% acquisition of Danzik Hydrologic Sciences, LLC (” DHS “) pending the approval by the TSX Venture Exchange. DHS, a private Delaware limited liability company holds the worldwide rights to certain intellectual property developed by Dennis M. Danzik, an investor resident in the U.S.A. DHS also holds a 50…continued
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Ridgeline Closes DHS Acquisition and Bought-Deal Private Placement
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S. CALGARY, Dec. 30, 2011 /CNW/ – Ridgeline Energy Services Inc. (TSX-V: RLE) (OTCQX: RGDEF) ( “Ridgeline” or the “Company” ) is pleased to announce that it has closed its previously announced 100% acquisition of Danzik Hydrologic Sciences, LLC (” DHS “) pending the approval by the TSX Venture Exchange. DHS, a private Delaware limited liability company holds the worldwide rights to certain intellectual pr…continued
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Carmen Energy Inc. Announces Closing of First Tranche of Prospectus Offering and Concurrent Private Placement
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Epsilon Energy Ltd. Provides Update on Pennsylvania Marcellus Production and Saskatchewan Oil Development
CONCORD, ONTARIO–(Marketwire – Dec. 30, 2011) – Epsilon Energy Ltd. (TSX:EPS) (“Epsilon” or “the Company”) is pleased to announce the following developments: Substantial increase in Marcellus gas production, in line with 2011 exit guidance Acceleration of drilling activity in Saskatchewan oil projects Continued build-out of 400 MMCF/D gas gathering system of which Epsilon owns 35% Expectation for continued strong growth in production of oil and gas in 2012 Pennsylvania This y…continued
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African Queen Sets Drilling Plans For Ghana and Kenya Gold Properties; Abandons Two Diamond Prospects
(via Thenewswire.ca) Vancouver, British Columbia — AFRICAN QUEEN MINES LTD. (the “Company”) is pleased to announce that it has now completed a thorough review of its portfolio of exploration properties in Southern, West and East Africa, in order to prioritize projects for development in 2012 while at the same time paring down its portfolio to eliminate certain early-stage projects which have not generated sufficiently promising initial results to warrant continued exploration. A decision has now bee…continued
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African Queen Sets Drilling Plans For Ghana and Kenya Gold Properties; Abandons Two Diamond Prospects
(via Thenewswire.ca) Vancouver, British Columbia — AFRICAN QUEEN MINES LTD. (the “Company”) is pleased to announce that it has now completed a thorough review of its portfolio of exploration properties in Southern, West and East Africa, in order to prioritize projects for development in 2012 while at the same time paring down its portfolio to eliminate certain early-stage projects which have not generated sufficiently promising initial results to warrant continued exploration. A decision has now bee…continued
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RedWater Energy announces oversubscription of financing and final closing
/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN./ OKOTOKS, AB, Dec. 30, 2011 /CNW/ – RedWater Energy Corp. (” RedWater “) (TSXV:RED) announces that the second tranche of a previously announced (December 14, 2011) non-brokered private placement of “flow-through” common shares at $0.41 per share for aggregate gross proceeds of $800,000 has closed. In addition, RedWater is pleased to ann…continued
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Pan Terra Industries Provides Update on Congo Namibia Acquisition and Private Placement
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, Dec. 30, 2011 /CNW/ – Pan Terra Industries Inc. (“Pan Terra” or the “Company”) (TSX.V: PNT) is pleased to announce that it will be closing in January its previously announced acquisition of 80% of the common shares of Congo Namibia Trading (PTY) Limited (see October 7, 2011 news release) as the Company has now received approval from the Namibian Competition Commission. …continued
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THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, Dec. 30, 2011 /CNW/ – Pan Terra Industries Inc. (“Pan Terra” or the “Company”) (TSX.V: PNT) is pleased to announce that it will be closing in January its previously announced acquisition of 80% of the common shares of Congo Namibia Trading (PTY) Limited (see October 7, 2011 news release) as the Company has now received approval from the Namibian Competition Commission. …continued
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Viridis Energy Partners With National Transport Companies to Establish Operations in New England
Partnership Enables Company to Ship in Bulk, Reducing Freight Costs VANCOUVER, BRITISH COLUMBIA–(Marketwire – Dec. 30, 2011) – Viridis Energy Inc. (“Viridis” or the “Company”) (TSX VENTURE:VRD), announced today that, in an effort to reduce the costs of transporting wood pellets to the New England states, it has entered into a partnership with the Grafton Upton Railroad, a local short-line railroad, and Dana Transport, a national carrier and transportation service company. The partnership will en…continued
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