Mediterranean Resources Ltd. announced today that it has signed a Letter of Intent with Golden Touch Resources Corp. to acquire all of the issued and outstanding shares of Golden Touch Resources Australia Pty Ltd., Golden Touch's wholly owned subsidiary.
International Northair Mines Ltd. , which almost hit year lows on Friday, announced today assay results from seven core holes recently completed in the Las Carolinas Zone of its La Cigarra silver project, located in north-central Mexico.
Labrador Iron Mines Holdings Ltd. , which was just 2 cents above year lows on Friday, announced today that its first shipment and sale of iron ore has been recorded in 2012 after the successful re-start of full-scale mining operations at its James Mine on April 2.
Thompson Creek Metals Company Inc. , which is trading close to a year low $3.57, reported over the long weekend that on May 15, 2012, a wall slough occurred in the Phase 7 mining area of the Thompson Creek mine. Management will continue to evaluate the potential impacts, if any, to the company's 2012 production and cost guidance for the mine.
Transat A.T. Inc. , which hit a year low $4.88 on Friday, announced that it has reached an agreement for the sale of airport services company Handlex, the ground handling unit of Transat A.T. Inc., to Servisair Holding Canada Inc. No financial details were provided.
Tiger Resources Ltd. announced a "significant" increase in Measured and Indicated Resources at the company's Kipoi Copper Project, in the Democratic Republic of Congo (DRC).
Sterling Resources Ltd. was informed by the Breagh field operator, RWE Dea U.K. of a probable cost and schedule overrun on its Breagh development project. The probable cost and schedule overrun relates to modification works being carried out at the existing Teesside Gas Processing Plant so that the Breagh production can be received and processed at TGPP.
Discovery Air Technical Services Inc., a wholly-owned subsidiary of Discovery Air Inc. , announced it was recently awarded two contracts, one with ATR launch customer PASCAN Express and the other with Air Guyane Express. It has also signed an agreement with Peninsula Airways (PenAir) of Alaska for the maintenance of PenAir's SAAB340 aircraft.
Hart Stores Inc. announced the appointment of Pat Filippelli as interim chief financial officer.
Wescan Goldfields Inc. , which is trading at year lows, announced it intends to seek the approval of the shareholders at an annual general and special meeting to be held June 20, 2012, to consolidate of all of the common shares in the capital of the company.