Oilsands Quest Inc. (NYSE Amex: BQI) ("Oilsands Quest," "OQI" or "the Company") has requested and obtained approval from the Alberta Court of Queen's Bench (the "Court") to conduct a process to solicit offers to acquire, restructure or recapitalize the Company (the "Solicitation Process"). The Company is also pursuing Debtor-in-Possession financing to provide liquidity as it conducts the Solicitation Process.
China Valves Technology receives purchase orders from China Guangdong Nuclear Power Group and Shanghai Electric
China Valves Technology, Inc. (NASDAQ: CVVT), a leading Chinese metal valve manufacturer, today announced that one of the company's subsidiaries, Henan Kaifeng High Pressure Valve Co., Ltd., received two purchase orders from China Guangdong Nuclear Power Group for gate valves, check valves and globe valves worth $2.0 million in total. Read more
Ritchie Bros. Auctioneers (NYSE and TSX: RBA), the world's largest industrial auctioneer, will conduct a multi-million dollar unreserved public auction at the company's permanent auction site in Houston, Texas on Wednesday and Thursday, June 22 - 23, 2011. Read more
China Valves Technology signs a strategic cooperation agreement with Sinopec International Petroleum Service Corporation
China Valves Technology, Inc. (NASDAQ: CVVT), a leading Chinese metal valve manufacturer, today announced that the company has signed a strategic cooperation agreement with Sinopec International Petroleum Service Corporation. Under the agreement, the company would supply various valve products for Sinopec Petroleum Service's international projects. Read more
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Proto Resources & Investments Ltd (“Proto”, “the Company”) has acquired rights over a nickelcobalt development project located in Saxony, Germany. The Kiefernberg project area is within the Granitulite Mountains licence that Proto has entered into […]
MetaPower International receives purchase orders totaling $1,777,320 for management services with a major oil sands energy company
MetaPower International, Inc. (OTCPK: MTPR) is pleased to announce that the Company's subsidiary, MetaPower Canada, Ltd, has received additional purchase orders totaling $1,777,320 CD from a Canadian Energy Company's facility in the Oil Sands Region of Northern Alberta, Canada. The orders are for 1) Continued work on development, calculation and reporting of key performance indicators, 2) On-going work on the Process Safety Management project, 3) Work on the Business Process Management initiative.
Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) today announced that it is offering to sell, subject to market and other conditions, 9,000,000 common shares through an underwritten offering. In connection with the offering, the underwriters have been granted an over-allotment option to purchase an additional 1,350,000 common shares.
Vancouver-based copper mining company Capstone Mining Corp. reported Tuesday a $18.9m profit for the first quarter, up from the Q1 2010 figure of $14.76m. Cash flow from operating activities was $6.7m, helping the company end the quarter with cash on hand of $181.2m. Darren Pylot, Capstone President and CEO said in a statement that the proposed acquisition of Far West Mining is expected to give the company 200% growth in anticipated copper production from 2011 to 2016 from its Santo Domingo project in Chile. The transaction, if approved by Capstone and Far West shareholders, is expected to close in mid-June.
Silver Wheaton Corp. ("Silver Wheaton" or the "Company") (TSX:SLW)(NYSE: SLW) is pleased to announce that its Board of Directors has declared its second quarterly cash dividend payment for 2011 of US$0.03 per common share. The quarterly dividend will be paid to holders of record of its common shares as of the close of business on June 20, 2011, and will be distributed on or about June 30, 2011. The Company's dividend qualifies as an 'eligible dividend' for Canadian income tax purposes.