RXE Announces Vote Results from Annual and Special Meeting of Shareholders

RX EXPLORATION INC. announced the vote results of its Annual and Special Meeting of Shareholders, held earlier today in Toronto. At the meeting 143,513,099 shares or 89.5% of the total 160,438,980 common shares issued and outstanding were voted.

A total of 80,100,790 or 55.8% percent of all voted shares were cast for the election of the following directors nominated by management of the Corporation as set forth in the amendment to the management information circular dated June 12, 2011: Hugh Agro, Darren Blasutti, Alex Davidson, Louis Dionne, John F. O’Donnell, Paul Parisotto, John Ryan and Lorie Waisberg. These nominees were declared elected by the Independent Chairman of the Meeting, Philip C. Moore. [Read more...]

Silvercrest Announces Appointment of New Director, Reconfirmation of Shareholder Rights Plan and Grant of Stock Options

SilverCrest Mines Inc. is pleased to announce that at the Company’s Annual General Meeting of shareholders held on June 15, 2011, the shareholders of the Company re-elected J. Scott Drever, Barney Magnusson, George Sanders and Graham Thody to the Board of Directors, and elected Ross Glanville as a new member of the Board.

Mr. Glanville has over forty years of resource-related experience in numerous countries, and has been involved in the exploration, financing, development, and operation of a number of mines. Mr. Glanville has specialized in valuations, fairness opinions, and litigation support, often as expert witness, related to the mining and exploration industry. [Read more...]

Sheltered Oak Resources Corp. Grants Stock Options

Sheltered Oak Resources Corp. announces that on May 26, 2011 it granted stock options to directors and officers of OAK to purchase in the aggregate up to 2,705,000 common shares (“Common Shares”) in the capital of OAK at an exercise price of $0.11 per Common Share. The stock options will expire on May 26, 2016. The options were granted pursuant to OAK’s incentive stock option plan, under which a maximum of 10% of the issued and outstanding Common Shares are reserved for issuance. The vesting period is 1/3 immediately, 1/3 after 6 months and 1/3 after 12 months. [Read more...]

Red Rock Capital Corp. Announces Filing of Filing Statement on SEDAR and Anticipated Closing Date of Qualifying Transaction

NOT FOR DISTRIBUTION OR DISSEMINATION IN THE UNITED STATES

Red Rock Capital Corp., a capital pool company under the policies of the TSX Venture Exchange (the “Exchange”), is pleased to provide the following updates regarding its proposed qualifying transaction (the “Qualifying Transaction”) with Century Iron Ore Holdings Inc. (“Century Holdings”):

Filing Statement

The Company has filed its Filing Statement dated May 5, 2011 relating to the Qualifying Transaction. Investors may view the Filing Statement on SEDAR.

Exchange Approval and Anticipated Closing Date

The Company has received conditional approval to the Qualifying Transaction from the Exchange. The Company anticipates that the transactions contemplated in the Filing Statement (including the private placement purchase of common shares of the Company by WISCO International Resources Development & Investment Limited (“WISCO”)) will be completed and that the Qualifying Transaction will close on or about May 17, 2011. The Company anticipates that WISCO will purchase 24.99% of the common shares of the Company, as calculated on a non-diluted basis, upon completion of the Qualifying Transaction for a purchase price of approximately $60 million.

U.S. stocks Close unchanged, energy, materials, Down, Up Telecom

U.S. blue-chip stocks ended virtually unchanged, as investors dumped stocks and commodities and energy went for the safety of bonds and telecommunications companies.

The Dow Jones Industrial Average ended higher just 0.15 points, or 0.00%, to finish at 12,807.51 while the Standard & Poor’s 500-stock index 4.60 points, or 0.34%, to 1356.62 shed . The Nasdaq composite 22.46 points, or 0.78%, dropping to 2841.62.

Pfizer was the biggest rele on the Dow, slumping 58 cents, or 2.8%, to $ 20.44 per share after the pharmaceutical company topped earnings expectations, but reported revenue that fell shy of analysts’ views. [Read more...]

New Hana Grants Incentive Stock Options

New Hana Copper Mining Ltd. announces that it has granted Incentive Stock Options (the “Options”) to directors, employees and consultants of the Company to purchase up to an aggregate 3,300,000 common shares of the Company. The Options are exercisable at $0.50 per share and expire on May 6, 2016. All securities issued upon exercise of the Options are subject to a hold period expiring four (4) months after the date of grant. The subject Options will vest quarterly over 24 months, in 8 equal tranches, with the first tranche vesting on the date of grant. The Options are subject to the terms and conditions of the Company’s Stock Option Plan.

Ethos Completes $15 Million Private Placement

NOT FOR DISSEMINATION INTO THE UNITED STATED OR THROUGH U.S. NEWS WIRE SERVICES

Ethos Capital Corp. is pleased to announce that it has completed its previously announced fully marketed brokered private placement of 5,800,000 units (the “Units”) at a price of $1.00 per Unit and 4,920,000 flow-through shares (the “FT Shares”) at a price of $1.20 per FT Share for aggregate gross proceeds of $11,704,000 (the “Brokered Offering”). The Brokered Offering was completed by a syndicate of agents led by Canaccord Genuity Corp. and including Fraser Mackenzie Limited and Salman Partners Inc. (collectively the “Agents”). In addition, the Company completed a non-brokered private placement (the “Non-Brokered Offering”) of 2,450,000 Units and 600,000 FT Shares on the same terms as the Brokered Offering for gross proceeds of $3,170,000. The total gross proceeds of the Brokered Offering and the Non-Brokered Offering were $14,874,000. Each Unit is comprised of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share at a price of $1.35 per share until November 5, 2012. [Read more...]

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