Canada Energy Partners (CE-X), which was down by almost 7 per cent yesterday announced today that it has acquired all of the outstanding shares of Hudson’s Hope Gas Ltd., the wholly-owned subsidiary of GeoMet Inc. As a result of the acquisition, the company will effectively assume GeoMet’s share of the abandonment liabilities associated with the CBM Project.
European Uranium Resources Ltd. (EUU-X), which was down by 2 per cent yesterday announced today that it has intersected double the expected grade in its first of 3 planned metallurgical drill holes at Kuriskova. This drill program is designed to collect additional metallurgical samples as part of the ongoing feasibility study on the company’s flagship property, the high-grade Kuriskova uranium project in Slovakia.
Burnstone Ventures Inc. (BVE-X) which closed 3 per cent higher yesterday announced today the initial resource estimate on its Tomichi copper-molybdenum porphyry project. The resource contains 2.5-billion lbs copper, 552-million lbs molybdenum, and 30-million oz silver.
Paget Minerals Corp. (PGS-X) announced today that it has entered into a definitive agreement with Blue Gold Mining Inc. (BGX.V) whereby Blue Gold has the option to earn up to a 65 per cent interest in 3 porphyry targets within Paget’s 100 per cent-owned Ball Creek Project. David F. Volkert, Paget CEO, said: “This transaction brings significant funds to aggressively explore the three gold-rich porphyry targets at Ball Creek.”
Catch the Wind Ltd. (CTW-X), providers of Optical Control Systems (OCS) for the wind industry, today announced an agreement with Availon GmbH, to provide sales representation, installation and maintenance services in the German market.
Aeterna Zentaris Inc. (AEZ-T), which fell 5 per cent yesterday, today announced that final phase 3 results for its oral ghrelin agonist, AEZS-130, show that the drug is safe and effective in diagnosing adult growth hormone deficiency (AGHD).
Mandalay Resources Corporation (MND-T), which is trading near a year low 52 cents, announced today that it has reached a new three-year labour agreement with the workforce at its 100 per cent owned Cerro Bayo silver-gold mine in Aysen, Chile, on June 20, 2012.
Helix BioPharma Corp. (HBP-T) named Robert Verhagen as CEO. Helix also approved the voluntarily delisting of it common shares from the NYSE MKT.
Catalyst Paper Corporation (CTL-T) announced that the company has received the necessary creditor approval for its second amended plan of arrangement under the Companies Creditors Arrangement Act in Canada.
The board of directors of Rainmaker Entertainment Inc. (RNK-T), which is trading at year lows, announced that its president and executive producer, Catherine Winder will leave the company effective June 30, 2012 in order to pursue other business opportunities.