Habanero Resources Inc. , which closed yesterday at its 50-day and 200-day SMA of 7 cents but nearer to a year low of 5 cents, announced that it has increased its land position by approximately 11,000 acres on its 100 per cent owned Grande-Vallee North Aluminous Clay Prospect. Habanero now has approximately 6,700 contiguous hectacres (approximately 16,500 acres).
It said this prospect directly borders to the north Orbite Aluminae Inc.'s 6,441-hectare Grande-Vallee property, the site of an aluminous clay deposit located 32 km northeast of Murdochville, Quebec. According to Orbite's website: "A NI 43-101 compliant technical report on the disclosure of information relating to mineral projects in Canada indicates that the clay deposit at the Grande-Vallee property contains, conservatively estimating a density of 2 tonnes per cubic metre, 800 million to 1 billion tonnes of "indicated mineral resources" in the first 100 metres depth of the Marin sector alone. The property is strategically located near several deepwater ports and across the St. Lawrence River from the province's major aluminum smelters."
Craig Wireless Systems Ltd. today released its financial results for year ended Aug. 31, 2011. The company reported a net loss of $9.9-million ($0.20 per share) for the year compared to net income of $52.6-million ($1.05 per share) a year earlier. Last year, the company sold its Canadian operations and spectrum assets and received aggregate proceeds of $80-million from the sale, realized a pre-tax gain on the sale of $77.4-million, repaid all debts and paid a dividend to all shareholders totalling more than $20-million.
Athabasca Uranium Inc. reported that diamond drill hole AU4-1, part of a multi-hole winter drilling program at its Keefe Lake Project in northeast Saskatchewan, has intersected a large zone of strong and sustained alteration, beginning at approximately 172 meters true depth. It said Hole AU4-1 has now crossed 370 meters, at an 80-degree angle, bearing southeast towards a subtle subsurface EM anomaly identified through Aerotem interpretations. "The main alteration zone is a 25-meter thick interval of clay minerals at and below the unconformity; this overprints a 170+-meter multi-generational healed quartz stockwork, overprinting an older mylonite. At depth, the basement mylonite contains granitic pegmatite veins up to 50 centimeters thick. Select samples have been sent for PIMA and geochemical analysis," it said.
ARISE Technologies Corporation announced that it has today received notice from the Toronto Stock Exchange to delist the company's shares and warrants as of Dec. 23, 2011. It said this decision is the result of the previously announced delisting review which was initiated by the TSX and announced Oct. 21, 2011. "The TSX has concluded its review and has determined that the company currently does not meet the listing requirements under existing policies. ARISE is working toward listing its shares and warrants on an alternate exchange in order to minimize the impact on its shareholders," it said. In addition, the Investment Industry Regulatory Organization of Canada has initiated a temporary cease trade order on the ARISE's common shares and warrants. The 15-day temporary trading halt is in effect until such time as the company's third quarter interim financial statements and MD&A are completed, Arise said.
TSX said it is reviewing the common Shares of Crystallex International Corporation , a Canadian based mining company, with a focus on acquiring, exploring, developing and operating mining projects, with respect to it meeting the requirements for continued listing pursuant to the Expedited Review Process.
Indigo Books & Music Inc reportedly will in January start returning unsold books to publishers after just 45 days if the products are gathering dust on store shelves. Currently, the retailer waits 75 days to begin shipping back unsold books to publishers.
Shares of Dacha Strategic Metals Inc. could get some boost today from the company's announcement of a sharp increase in its net earnings for the six months ended Sept. 30, 2011. The investment company focused on the acquisition, storage and trading of strategic metals closed yesterday's session touching day low $0.495, but could get some lift after announcing that its net earnings were $70.8-million (U.S.) or $0.94 (U.S.) per basic share during the period from total revenue of $77.5-million. This compares to the previous year's net income of $3.6-million (U.S.) or $0.05 (U.S.) per basic share from total revenue of $7.5-million (U.S.).
Diversified acquisition-oriented company Exchange Income Corporation , which ended yesterday's session just a cent above day low $20.50, announced today that its subsidiary WesTower Communications, was selected by AT&T Mobility LLC, a North American provider of telecommunication services, to provide infrastructure services in five geographical regions in the United States. Mr. Mike Pyle, CEO of Exchange Income Corporation, said the contract "significantly extends the work that WesTower currently performs for AT&T and provides WesTower with a solid base of work in multiple regions over the next three years."
Space hardware and services provider Com Dev International Ltd. announced today that it has been awarded two follow-on contracts to provide equipment for a replacement commercial satellite. The company that closed down yesterday's session touching day high $1.99 said that under the contract, it will provide L, C, Ka, & Ku band switches, multiplexers, filters and microwave components for the satellite, which is designed for communications and broadcasting. The contracts are fully funded with a combined value in excess of $7-million.
Manitok Energy Inc. announced today its financial and production results as at and for the three-month period ended Sept. 30, 2011. The company said it had a net loss of $0.8-million, or $0.02 per diluted share, due mainly to non-cash items such as depletion and depreciation expense and stock-based compensation expense in the current quarter. Cash flow, however, was positive for the second straight quarter at $153,994. Production for the three months ended Sept. 30, 2011 averaged 414 boe/d, an increase of 160 per cent, as compared to average production of 160 boe/d in the three months ended Sept. 30, 2010.
Critical Control Solutions Corp. , which has been trading near a year low 25 cents, said late Wednesday that it has acquired all of the outstanding shares of oilpatch technology firm Vertex System Resources Ltd. Alykhan Mamdani, President and CEO of Critical Control, said "The addition of Vertex's software suite into our ProStream initiative is a transformational event, elevating our capability to being able to manage production data from the well head to the financial statement."
Winalta Inc. today reported its financial results for the three months ended Sept. 30, 2011. The oilfield service provider said it has achieved record revenues of $4.9-million and record EBITDA of $2.8-million for the period, compared to revenue of $3.2-million and EBITDA of $0.3-million for the three months ended Oct. 31, 2010. Net earnings were $1.3-million, reversing year-ago loss of $3.8-million.
Temex Resources Corp. reported today that prospecting has discovered several new surface gold zones on its Juby Joint Venture Property located near Gowganda in northeastern Ontario. The company said that these new zones occur approximately 1.5 kilometers southwest of the Juby Main Zone and appear to represent an important parallel structural trend to the main Tyrrell Structural Zone upon which the majority of the major gold occurrences in the area are centered.