Tuesday, 6 March 2012
Daniel Stewart DAN.LN String of Good Results Lift Share Price
Daniel Stewart the leading London headquartered broker and investment banking group with representation offices in the US, Middle East and Asia has seen its share price lift following a string of successful fund raises over the last six months. The company is building a strong reputation in the oil and gas sector and is the lead broker for Naibu, one of the first major Chinese sports brands to IPO in London. We expect the company to turn in a good financial performance in 2012.
Sunday, 4 March 2012
Strategic Minerals SML:LSE, AIM Best Performing Iron Ore Play on AIM
Strategic Minerals SML:LSE, AIM has been the best performing iron ore play equity on London's AIM market over the last 12 months with their shares up by 59%
The company is mow earning cash from the Cobre Magnetite stockpile, has just secured a JORC on their Iron Glen project in Australia and it looks like they will fast track Iron Glen into production over the near term.
The company is mow earning cash from the Cobre Magnetite stockpile, has just secured a JORC on their Iron Glen project in Australia and it looks like they will fast track Iron Glen into production over the near term.
Saturday, 3 March 2012
URU Metals LSE:URU See UrAmerica Begin Extensive Drill Campaign
URU Metals LSE:URU, One of London AIM's few uranium exploration and development companies with large scale exploration stage uranium assets, is buoyed by the news UrAmerica a company that URU holds a 7.2% stake in and the largest private uranium exploration company in South America and strategic partner of Cameco, announces that it has begun a 30,000 meter drill campaign across its highly prospective uranium properties in Argentina's San Jorge Basin.
UrAmerica is looking to IPO on a major exchange over the next twelve months in a move that has potential to deliver a value realisation to URU and their shareholders.
www.urumetals.com
www.uramerica.co.uk
UrAmerica is looking to IPO on a major exchange over the next twelve months in a move that has potential to deliver a value realisation to URU and their shareholders.
www.urumetals.com
www.uramerica.co.uk
Friday, 2 March 2012
UrAmerica Commence Major 30,000 Meter Drill Campaign
UrAmerica, South America's Leading uranium exploration and development company announce the commencement of a massive drill campaign across their San Jorge Basin exploration area in Chubut, Argentina.
UrAmerica implements a 30,000 meter drill program, surrounding CNEA`s Cerro Solo Uranium Deposit in the San Jorge Basin, Province of Chubut, Argentina.
UrAmerica is pleased to announce the commencement of a 30,000 meter drill program on its uranium exploration licensed areas within the Province of Chubut, Argentina.
This drill program and the related budget have been prepared and approved by the Joint Technical Committee (“JTC”), in accordance to the Strategic Alliance Agreement, signed on October 12, 2011, between UrAmerica and Cameco Global South America Inc. (“Cameco”). The JTC consists of 2 members from UrAmerica and 2 members from Cameco.
The 30,000 meters drill target is a combined reverse circulation and diamond drilling program, covering 7 drill target areas, out of 16 target areas identified throughout UrAmerica’s land position in the Province of Chubut. These 7 drill targets are directly adjacent to the high grade Cerro Solo Deposit, the historic Los Adobes Open Pit and other mineralized bodies, all held by the National Commission of Atomic Energy (“CNEA”) and located within the same paleochannel system.
The objectives of the drill program are:
- To define the extensions of the CNEA’s mineralized bodies, as well as the Cerro Solo Deposit, onto UrAmerica’s licensed areas.
- To define new areas of mineralization within these targeted areas.
This only represents the first phase of a broader exploration plan that aims to test all drill targets and demonstrate the further presence of uranium mineralization. UrAmerica’s ultimate goal is to develop the area into a world class uranium district.
To date, more than 3,600 meters of this drill program have been completed and the down-hole radiometric gamma probe results are promising. Geochemical results from the drill hole sampling program are pending.
Omar Adra, Founder and CEO of UrAmerica Ltd., said:
“I am proud to say that after having signed the Strategic Alliance with Cameco on the 12th of October 2011, we were able to quickly and successfully kick off the drill program on the 5th of December. This was and is being carried out with the highest environmental and social standards, with the support and involvement of the local community, and in a safe, efficient and cost-effective manner. In addition, I am very pleased to note that the initial indications are positive.”
For further information:
UrAmerica Limited
+ (54) 11 4804 2115
info@uramerica.co.uk
This press release contains forward-looking statements and information within the meaning of applicable securities laws. When used in this press release, the words “potential”, “indicate”, “expect”, “intend”, “hopes,” “believe,” “may,” “will,” “if” and similar expressions are intended to identify forward-looking statements and forward-looking information. These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of UrAmerica to be materially different from any future results, performance or achievements expressed or implied by such statements. Such factors include, among others, the risks and hazards associated with the business of mineral exploration, development and mining, the speculative nature of mineral exploration and development, including the risks of obtaining necessary licenses and permits, changes in national and local government, legislation, taxation, controls or regulations and political or economic developments in Argentina, risks concerning UrAmerica’s title to properties; potential effects on UrAmerica’s operations of environmental regulations in Argentina; risks due to legal proceedings; risks relating to political and economic instability Argentina. Although UrAmerica has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking statements and forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Except as required by law, UrAmerica assumes no obligation to publicly update any forward-looking statements or forward-looking information, whether as a result of new information, future events or otherwise.
Strategic Minerals ADR Receipts, Brought to the Market by Deutsche Bank and Daniel Stewart
Strategic Minerals Plc (AIM: SML), the magnetite focused iron ore producer and exploration company, is pleased to announce their ADRs contained in the Company's ordinary shares will be traded on the Over-The- Counter ( "OTC") market in the US. Deutsche Bank and Daniel Stewart brought to the market
Magnolia Petroleum Confidence Growing, Investors Supportive, Daniel Stewart Take a Leading Role
Magnolia completes $2.1m fundraising, Daniel Stewart take Leading Role
Supported by Daniel Stewart, London's leading broker in the oil and gas sector,
AIM-listed Magnolia Petroleum has successfully raised £1.3 million ($2.1 million) as it announced plans to increase its acreage in the US.
AIM-listed Magnolia Petroleum has successfully raised £1.3 million ($2.1 million) as it announced plans to increase its acreage in the US.
Josh Lewis 02 March 2012 07:57 GMT
Magnolia raised the funds through the placement of more than 95.6 million new ordinary shares at 1.3 pence per share and the subscription of nearly 4.5 million shares to certain directors at the same price.
“Today’s fund raising will go towards our participation in further drilling in prolific plays such as the Three Forks-Sanish where earlier this week we reported our best ever initial production rate that has, on its own, increased our net barrels of oil per day by 50%,” Magnolia chief executive Rita Whittington said in a statement on Friday.
“In addition, we continue to evaluate opportunities to increase our acreage across all the formations in which we have a presence, particularly the reopening Mississippi oil play in Oklahoma where we recently acquired 1484 net acres with working interests of up to 100% and where we remain track to operate our first well later this year.”
Magnolia said it was planning to purchase further producing and non-producing interests in the Bakken and underlying Three Forks-Sanish formations in North Dakota as well as in the Woodford/Hunton reservoirs and the oil-rich Mississippi formation in Oklahoma.
The company currently holds stakes in 64 oil and gas producing properties in North Dakota and Oklahoma.
Thursday, 1 March 2012
BGC Strike Gold at Sao Jorge with 100% Acquisition from Talon Metals Corp
PRESS RELEASE
March 1, 2012, 8:00 a.m. EST
Brazilian Gold Acquires 100% Interest in Sao Jorge Gold Project
Brazilian Gold CorporationCA:BGC -7.69% ("Brazilian Gold" or the "Company") is pleased to announce that it has exercised the option to acquire a 100% interest in the Sao Jorge Gold Project ("Sao Jorge Project") from Talon Metals Corp. ("Talon") by accelerating its final payment under the option agreement dated June 14, 2010, as amended on February 17, 2012, (the "Agreement") between Talon, Brazilian Gold, Cabral Resources (B.V.I.) Limited, Seatrain Holdings Limited and Brazilian Resources Mineracao Ltda.
The Agreement was amended on February 17, 2012 to, among other things, provide that the final tranche of consideration payable under the Agreement would be $1,500,000 of Brazilian Gold shares based on the 20 day volume-weighted trading price of the Company calculated in accordance with the Agreement, in lieu of $750,000 in cash and $750,000 in Brazilian Gold shares.
To acquire the 100% interest in the Project, Brazilian Gold was required to pay Talon a total consideration of C$4,500,000 including C$1,500,000 in cash and C$3,000,000 in Brazilian Gold shares. Talon retains a 1% net smelter return royalty on the Sao Jorge Project. The net cost per resource ounce paid by Brazilian Gold to Talon was C$4.80/ounce based on the sum of the indicated mineral resource (11.365 million tonnes grading 1.0 g/t gold for 379,000 ounces of gold) and inferred mineral resource (20.673 million tonnes grading 0.8 g/t gold for 558,000 ounces of gold) at a 0.3 g/t cut-off (Coffey Mining, June 21 2011).
Ian Stalker, CEO of Brazilian Gold, stated, "Talon's willingness to exchange the cash consideration for shares of Brazilian Gold is a vote of confidence in the quality and potential of the Sao Jorge project, as well as our portfolio of nearby exploration projects in northern Brazil.
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