Tag Archives: TSX

Midway Gold Appoints New CFO

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Midway Gold Appoints New CFO

DENVER–(BUSINESS WIRE)– Midway Gold Corp. (MDW:TSX-V; MDW:NYSE-AMEX) (“Midway”) is pleased to announce that Mr. John Labate will be joining the Midway team as the new Chief Financial Officer. Mr. Labate will work with Mr. Fritz Schaudies, the Company’s current CFO, to ensure a seamless transition of his Chief Financial Officer duties.

Ken Brunk, the Company’s Chairman, President and CEO stated, “First, we would like to thank Fritz for his work at Midway. His advancement of the company’s financial systems has been very valuable and is extremely appreciated. While we are sad to see him go, we all wish him the very best in health and happiness. As we move forward, we are delighted to welcome John Labate to Midway. John brings a wealth of financial experience gained from his many years in the mining industry and we believe he will be a great fit for the company.”

Mr. Labate brings over 30 years of financial experience to the Midway team having been CFO of dually listed mining companies since the mid-90s. Mr. Labate is joining Midway from Behre Dolbear where he has been Managing Director in the management-consulting group. Prior to his consultancy, he was Senior Vice President and CFO of Golden Star Resources. While SVP and CFO of Golden Star, Mr. Labate established lines of credit, including revolving debt and reclamation bonding, implemented strong spending controls and analysis, and strengthened supply chain functions. Prior to his tenure with Golden Star, Mr. Labate was Vice President and CFO of Constellation Copper Corporation where he was responsible for all financial and administrative activities for the TSX-listed copper/zinc mining and development company. John holds a B.S. in Accounting from San Diego State University.

ON BEHALF OF THE BOARD

“Kenneth A. Brunk”
Kenneth A. Brunk, Chairman, President and CEO

About Midway Gold Corp.

Midway Gold Corp. is a precious metals company with a vision to explore, design, build and operate gold mines in a manner accountable to all stakeholders while assuring return on shareholder investments. For more information about Midway, please visit our website at www.midwaygold.com or contact Jaime Wells, Investor Relations Analyst, at (877) 475-3642 (toll-free).

Neither the TSX Venture Exchange, its Regulation Services Provider (as that term is defined in the

From: http://www.dailyfinance.com/2013/04/17/midway-gold-appoints-new-cfo/

Orko and Coeur Announce Election Report

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Orko and Coeur Announce Election Report

VANCOUVER, British Columbia & COEUR D’ALENE, Idaho–(BUSINESS WIRE)– Orko Silver Corp. (“Orko”) (TSX-V: OK) (Frankfurt: OG3) (OTCUS: OKOFF) and Coeur d’Alene Mines Corporation (“Coeur”) (NYS: CDE) (TSX: CDM) are pleased to provide an update regarding the consideration to be received by Orko shareholders pursuant to the previously announced plan of arrangement (the “Arrangement”) whereby Coeur will acquire all of the issued and outstanding common shares of Orko (the “Orko Shares”). As previously announced, the Arrangement was approved by Orko shareholders yesterday.

Orko and Coeur received an election report from Computershare Trust Company of Canada setting out the number of common shares of Coeur (the “Coeur Shares“), warrants to purchase Coeur Shares (the “Coeur Warrants“) and/or cash consideration that each Orko shareholder will be entitled to receive pursuant to the Arrangement, after proration, as follows:

  • Orko shareholders who have elected or are deemed to have elected to receive the cash and share consideration will receive $0.70 cash, 0.0815 of a Coeur Share and 0.01118 of a Coeur Warrant for each Orko Share held;
  • Orko shareholders who have elected to receive the share consideration will receive 0.1118 of a Coeur Share and 0.01118 of a Coeur Warrant for each Orko Share held; and
  • Orko shareholders who have elected to receive the cash consideration will receive $0.74 cash, 0.0797 of a Coeur Share and 0.01118 of a Coeur Warrant for each Orko Share held.

The cash consideration alternative was oversubscribed, and pursuant to the proration methodology established under the Arrangement, Orko shareholders who have elected to receive the cash consideration will receive the cash, Coeur Shares and Coeur Warrants as described above.

Pursuant to the Arrangement, Orko shareholders will receive total cash consideration of CAD$100 million, 11,572,918 Coeur Shares and 1,588,768 Coeur Warrants. Following the completion of the Arrangement, the current Orko shareholders will hold approximately 11% of the issued and outstanding Coeur Shares (prior to the exercise of the Coeur Warrants). The Coeur Warrants will trade under the symbol “CDE.WS” on the NYSE and “CDM.WT” on the TSX. Trading is expected to commence on April 17, 2013 on both exchanges.

Orko will apply for a final order of the Supreme Court of British Columbia approving the Arrangement on Friday, April 12, 2013 and, assuming receipt of court approval and the satisfaction

From: http://www.dailyfinance.com/2013/04/11/orko-and-coeur-announce-election-report/

United Mine Services, Inc. Secures Contract for Mine Services with ABM Mining Corporation

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United Mine Services, Inc. Secures Contract for Mine Services with ABM Mining Corporation

VANCOUVER, British Columbia–(BUSINESS WIRE)– United Silver Corp. (“United Silver Corp.”, the “Company”, or “USC“: TSX; USC: OTC; USCZF: Frankfurt: UM8) is pleased to announce that its subsidiary, United Mine Services, Inc. (UMS) has secured a contract to provide ongoing mine services for ABM Mining Corporation, a subsidiary of ASX and AIM listed Black Mountain Resources Limited, at their New Departure Mine near Dillon, Montana. Services will include rehabilitation of existing workings as well as new tunneling and related support services. Crews have mobilized to the site and work on the project has started.

Greg Stewart, CEO of United Mine Services, Inc. says ” UMS is very pleased to provide mine services to ABM. We look forward to building a long standing working relationship going forward.”

ABOUT UNITED SILVER CORP.

USC is a vertically integrated Canadian mining company with operations in Idaho, USA. It has an 80% interest in the Crescent Silver Mine project in the Silver Valley‘s prolific Silver Belt – directly between two of the district’s historically largest silver producing properties, the Sunshine and Bunker Hill mines. USC also offers a full suite of mining services including contract mining and providing a complete fabrication shop and service for building and repairing mining equipment to silver miners in the district. USC‘s common shares trade on the Toronto Stock Exchange under the symbol “USC“. For more information about USC, please visit: www.unitedsilvercorp.com

ON BEHALF OF UNITED SILVER CORP.


“Graham Clark”


Chairman and CEO

Investor Relations
Tel. (855) 238-0202

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

United Silver Corp.
Investor Relations
Graham Clark, 855-238-0202
Chairman and CEO

KEYWORDS:   North America  Canada

INDUSTRY KEYWORDS:

From: http://www.dailyfinance.com/2013/04/11/united-mine-services-inc-secures-contract-for-mine/

CIBT Division Signs Global Recruitment Agreement with Bemidji State University and Affiliated School

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CIBT Division Signs Global Recruitment Agreement with Bemidji State University and Affiliated Schools

VANCOUVER, British Columbia–(BUSINESS WIRE)– CIBT Education Group Inc. (NYSE MKT: MBA and TSX: MBA) (“CIBT Group”) is pleased to announce that its newly formed division, Global Education Alliance (“GEA“), has entered into an agreement with Bemidji State University, Northwest Technical College, and Itasca Community College (“Northwoods Consortium“), under which GEA was appointed as their global recruitment partner.

Under the terms of the agreement, GEA will assist Northwoods Consortium with marketing, promotion and recruitment for the international market with a focus on the China market. GEA will provide student services and recruitment by tapping into CIBT Group’s existing infrastructure and referral network at 50+ locations in 18 countries. Currently, over 9,000 international students from 42 countries and approximately 3,000 domestic students from Canada are enrolled with CIBT Group.


About Bemidji State University:

Founded in 1919, Bemidji State University (“BSU“) is a public state university located in Bemidji, Minnesota, USA. It is one of the seven state universities in Minnesota to be fully accredited by the Minnesota State Colleges and Universities System. In 2009, 2010 and 2011, BSU was recognized as a top-tier Midwest university by the US News and World Report. Approximately 5300 students from 36 U.S. states and 38 countries are enrolled in BSU.


About Northwest Technical College:

Northwest Technical College (“NTC“) was founded in the 1960s as Bemidji Area Vocational Technical Institute, a two-year college offering two programs: carpentry and automotive mechanics. Today Northwest Technical College is the fastest growing two-year college amongst Minnesota State Colleges and Universities. More than 1600 students are currently enrolled with NTC in business, health, human and protective services, environmental, and industrial technology career programs. It offers associate degrees, diplomas and certificate programs that meet the evolving needs of regional and global employers.


About the Itasca Community College:

Itasca Community College (“ICC”), founded in 1922 with the …read more

Source: FULL ARTICLE at DailyFinance

Polo Resources Limited: Listing on the Bermuda Stock Exchange

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Polo Resources Limited: Listing on the Bermuda Stock Exchange

Voluntary TSX Delisting

TORONTO–(BUSINESS WIRE)– Polo Resources Limited (AIM, TSX: POL) (“Polo” or the “Company“), the natural resources investment company with interests in gold, oil and gas, coal and iron ore, today announces that it has received approval for the listing of its ordinary shares on the Bermuda Stock Exchange (“BSX“). The Company’s ordinary shares commenced trading on the BSX on 4 April 2013 under the symbol POL:BH.

Following the receipt of approval to list on the BSX, the Company has also applied for a voluntary delisting from the Toronto Stock Exchange (“TSX“). Following the listing on BSX and delisting from the TSX, Polo’s ordinary shares will be listed for trading on the AIM market of the London Stock Exchange (“AIM“) and listed on the BSX.

The BSX is listed as a recognised exchange under the United Kingdom Income Tax Act, 2007 enabling Polo shares to be held by Individual Saving Accounts (“ISAs”).

Neil Herbert, Executive Co-Chairman and Managing Director, said: “We believe that the ability to hold shares through ISAs is very attractive to our many retail shareholders and that was a key factor in our decision to list on the BSX, where they can continue to do so.”

Voluntary delisting from the TSX

The Company’s board has decided that the costs of maintaining the TSX listing are not in the best interests of the Company’s shareholders. Subject to the application being accepted by the TSX, it is expected that the ordinary shares will be delisted from the TSX at the close of trading on 5 April 2013.

No change will occur to Polo’s ordinary shares on AIM, which will continue to be listed and trade as normal under the symbol “POL”. Following delisting from the TSX, the Company may apply to the applicable securities commissions in Canada for cessation of the Company’s reporting issuer status and the Canadian register will be closed.

Implications of the delisting for shareholders on the Canadian branch register only

As a consequence of the TSX delisting, and prior to the closing of the Canadian branch register, shareholders currently on the Canadian branch register …read more

Source: FULL ARTICLE at DailyFinance

Houston Lake Mining Raises $433,000 in Financing Oversubscribed by 189%

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Houston Lake Mining Raises $433,000 in Financing Oversubscribed by 189%

SUDBURY, Ontario–(BUSINESS WIRE)– Houston Lake Mining Inc. (TSX.V: HLM), is a mining exploration company which is actively exploring for rare metals lithium, cesium, tantalum, and rubidium by currently focusing on its 100% owned and optioned Pakeagama Rare Metals Project in northwestern Ontario, Canada. On March 13th, 2013 HLM proposed a non-brokered private placement offering of 2.5 million units (“Units”) of the Company priced at $0.06 per Unit, for total gross proceeds of $150,000. The private placement financing has been oversubscribed by $283,000 by successfully selling 7.2 million Units at the price of $0.06 per Unit.

Each Unit consists of one (1) Common Share of the Company and one (1) share purchase warrant (the “Warrant”) (each full Warrant shall entitle the holder thereof to purchase one (1) additional common share of HLM at an exercise price of $0.10 for a 24 month period from closing (the “Offering”).

All of the Shares and Warrants issued pursuant to the private placement are subject to a 4-month hold period. Proceeds from the financing will be used to advance Houston Lake‘s 100% owned and optioned Pakeagama Rare Metal project located in northwestern Ontario, and for general working capital purposes.

No finder’s fees or options were necessary for the offering.

About the PAK Rare Metals Project

The Pakeagama Lake pegmatite has a exposed strike length of approximately 200m with a width up to 150m at surface with mineralization that is open in all directions. In September 2012, Peter J. Vanstone, P.Geo. the qualified person for the project, conducted a 91 sample channel sampling program on the exposed Pakeagama Lake pegmatite in order to confirm historical results and to add additional channel samples while further sampling by distinct geologic zones. The results of the program have so far identified high grade lithium up to 4.74% Li2O over 15 meters in three distinct pegmatite zones, and high grade tantalum up to 192ppm Ta2O5 over 14 meters in one of these zones. A diamond drill program has been independently recommended and on March 1, 2013, the Company announced that a Phase I, 6 hole, 1,000 meter drill program commenced.

About Houston Lake Mining Inc.

HLM is a mining exploration company that is actively exploring for the rare metals cesium, tantalum, lithium and currently …read more
Source: FULL ARTICLE at DailyFinance

Recall Alert: Acura MDX, RL And TSX Models

By Kurt Ernst

2005 Acura MDX

2005 Acura MDX

Do you drive a 2005-06 Acura MDX, a 2005 Acura RL or a 2004-08 Acura TSX? If you answered yes to this question, be prepared to receive a recall notice on your vehicle from Honda. MDX and RL models are being recalled for an unintended braking issue, while TSX models sold or currently registered in snow belt states are being recalled for a corrosion issue that could affect the car’s ECU.

The braking issue on MDX and RL models (which also affects 2005 Honda Pilot SUVs) ties back to a capacitor that may have damaged during Vehicle Stability Assist (VSA) control module assembly. Vehicles with the damaged capacitor may show intermittent, light application of the brakes without driver assist. If the driver applies the brakes while the VSA system is malfunctioning, the brakes may bring the vehicle to a sudden stop.

To remedy this, Acura and Honda dealers will install a new partial wiring harness that includes a replacement capacitor. As a loose ground may further complicate matters on Honda Pilots included in this recall, Honda dealers will tighten ground wires as well.

The TSX recall affects vehicles in states that use salts for de-icing. Drivers can track in road salts, which leach through the footwell carpeting and can cause a short in vehicle’s Electronic Control Unit (ECU), leading to potential stalling.

To remedy this, Acura dealers will inspect affected vehicles and replace ECU assemblies (under warranty) as needed. All cars in the recall will also get a waterproof cover for the ECU, designed to prohibit re-occurrence of the issue.

Owners with questions or concerns can contact Honda’s customer service at (800) 999-1009, or the National Highway Traffic Safety Administration’s Vehicle Safety Hotline at (888) 327-4236.

…read more
Source: FULL ARTICLE at Automotive Addicts

Acura recalling 76,000 TSX sedans in certain cold-weather states

By Seyth Miersma

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Parent company Honda is issuing a recall for Acura TSX vehicles from model years 2004 to 2008, for a rather interesting fault with the electrical systems (well, kind of). It seems that TSX made between during that range have carpeting that degrades when it becomes saturated with “corrosive materials for deicing.” The carpeting is in contact with each Acura’s electronic control unit, which may in turn rust or become corroded as a result. All of that business could cause the engine to stall.

Acura is singling out cars registered in states that use these corrosive deicing materials (presumably road salt): Connecticut, Delaware, Illinois, Indiana, Iowa, Kentucky, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, Vermont, Virginia, West Virginia, Wisconsin and the District of Columbia.

Owners of affected vehicles will be notified by Honda and instructed to bring their cars into the nearest Acura dealership. Dealers will inspect the ECU for damage, replace if needed, and cover with a waterproof piece; all free of charge. Check out the official recall notice below.

Continue reading Acura recalling 76,000 TSX sedans in certain cold-weather states

Acura recalling 76,000 TSX sedans in certain cold-weather states originally appeared on Autoblog on Sun, 24 Mar 2013 09:00:00 EST. Please see our terms for use of feeds.

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Source: FULL ARTICLE at Autoblog

Gold Reserve Inc. Further Updates Shareholders on U.S. Listing Status

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Gold Reserve Inc. Further Updates Shareholders on U.S. Listing Status

SPOKANE, Wash.–(BUSINESS WIRE)– Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) (the “Company”) announces that effective March 15, 2013 the Company anticipates its common shares will begin to trade on the OTCQB Marketplace under the ticker symbol “GDRZF“. Investors will be able to view the Real Time Level II stock quotes for “GDRZF” at http://www.otcmarkets.com/stock/GDRZF/quote.


CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This release contains forward-looking statements that state Gold Reserve’s or its management’s intentions, hopes, beliefs, expectations or predictions for the future. In this release, forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies.

We caution that such forward-looking statements involve known and unknown risks, uncertainties and other risks that may cause the actual outcomes, financial results, performance, or achievements of Gold Reserve to be materially different from our estimated outcomes, future results, performance, or achievements expressed or implied by those forward-looking statements.

Numerous factors could cause actual results to differ materially from those in the forward-looking statements, including without limitation: our ability to continue to satisfy the continued listing requirements of the TSX.V or other ongoing listing standards which may result in the delisting of the Company’s Class A common shares from the relevant exchange; the outcome of our arbitration under the Additional Facility Rules of the International Centre for Settlement of Investment Disputes of the World Bank, in Washington, D.C. to determine compensation claimed by us resulting from our claims against the Venezuelan government and its agents and agencies; corruption and uncertain legal enforcement; political and social instability; requests for improper payments; competition with companies that are not subject to or do not follow Canadian and U.S. laws and regulations; regulatory, political and economic risks associated with Venezuela including changes in laws and legal regimes; impact of currency, metal prices and metal production volatility; our dependence upon the abilities and continued participation of certain key employees; potential volatility of our Class A common shares, including dilution as a result of the conversion of the convertible notes …read more
Source: FULL ARTICLE at DailyFinance

Gold Reserve Inc. Updates Shareholders on U.S. Listing Status

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Gold Reserve Inc. Updates Shareholders on U.S. Listing Status

SPOKANE, Wash.–(BUSINESS WIRE)– Gold Reserve Inc. (TSX.V:GRZ) (NYSE-MKT:GRZ) (the “Company”) announces that as of the close of business today the Company’s common shares will be suspended from trading on the NYSE MKT (GRZ). The Company anticipates that the common shares will begin to trade on the OTCQB Marketplace thereafter. Once a trading symbol is issued investors will be able to view the Real Time Level II stock quotes.


CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This release contains forward-looking statements that state Gold Reserve’s or its management’s intentions, hopes, beliefs, expectations or predictions for the future. In this release, forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies.

We caution that such forward-looking statements involve known and unknown risks, uncertainties and other risks that may cause the actual outcomes, financial results, performance, or achievements of Gold Reserve to be materially different from our estimated outcomes, future results, performance, or achievements expressed or implied by those forward-looking statements.

Numerous factors could cause actual results to differ materially from those in the forward-looking statements, including without limitation: our ability to continue to satisfy the continued listing requirements of the TSX.V or other ongoing listing standards which may result in the delisting of the Company’s Class A common shares from the relevant exchange; the outcome of our arbitration under the Additional Facility Rules of the International Centre for Settlement of Investment Disputes of the World Bank, in Washington, D.C. to determine compensation claimed by us resulting from our claims against the Venezuelan government and its agents and agencies; corruption and uncertain legal enforcement; political and social instability; requests for improper payments; competition with companies that are not subject to or do not follow Canadian and U.S. laws and regulations; regulatory, political and economic risks associated with Venezuela including changes in laws and legal regimes; impact of currency, metal prices and metal production volatility; our dependence upon the abilities and continued participation of certain key employees; potential volatility of our Class A …read more
Source: FULL ARTICLE at DailyFinance

Atlas Announces Exercise of Underwriters Option in US IPO

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Atlas Announces Exercise of Underwriters Option in US IPO

CHICAGO–(BUSINESS WIRE)– Atlas Financial Holdings, Inc. (NASDAQ: AFH; TSX.V: AFH) (“Atlas” or the “Company”) today announced that the underwriters of the Company’s recently completed initial public offering have purchased an additional 451,500 ordinary shares from the Company, pursuant to their over-allotment option, at the initial public offering price of $5.85 per share, less underwriting discounts and commissions.

Sandler O’Neill + Partners, L.P. acted as the book-running manager for the offering. Sterne, Agee & Leach, Inc., EarlyBirdCapital, Inc. and Sidoti & Company LLC acted as co-managers for the offering in the United States. Canaccord Genuity Corp. acted as lead underwriter in connection with the offering in Canada.

Atlas filed a registration statement on Form S-1 (File No. 333-183276), including a prospectus, with the SEC for the offering, which was declared effective by the SEC on February 11, 2013. The offering was also made in Canada pursuant to a short form prospectus filed in the provinces of Ontario, Alberta and British Columbia. Prospective investors should read the prospectus in the registration statement and other documents that the Company has filed for more complete information about the Company and the offering. Investors may obtain these documents without charge by visiting EDGAR on the SEC or SEDAR websites at www.sec.gov and www.sedar.com, respectively. Alternatively, copies of the U.S. written prospectus may be obtained from Sandler O’Neill + Partners, 1251 Avenue of The Americas, 6th Floor, New York, NY 10020, (866) 805-4128, and copies of the Canadian short form prospectus may be obtained from Canaccord Genuity Corp., 161 Bay Street, 30th Floor, Toronto, Ontario, Canada, M5J 2S1.

The offering was made only by means of a written prospectus forming a part of the effective registration statement.

This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

About Atlas Financial Holdings, Inc.

The primary business of Atlas is commercial automobile insurance in the United States, with a niche market orientation and focus on insurance for the “light” commercial automobile sector including taxi cabs, non-emergency paratransit, limousine/livery and business auto. The business of Atlas is carried on through its …read more
Source: FULL ARTICLE at DailyFinance

Houston Lake Mining Announces $150,000 Financing

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Houston Lake Mining Announces $150,000 Financing

SUDBURY, Ontario–(BUSINESS WIRE)– Houston Lake Mining Inc. (TSX.V: HLM), is a mining exploration company which is actively exploring for the rare metals lithium, cesium, tantalum, and rubidium by currently focusing on its 100% owned and optioned PAK Rare Metals Project in northwestern Ontario, Canada. HLM is proposing a non-brokered private placement offering of up to a maximum of 2,500,000 common shares (“Common Shares“) of the Company.

The Common Shares are to be issued under a unit offering whereby up to a maximum of 2,500,000 units (“Units”) at a subscription price of $0.06 per Unit are to be offered. Each Unit shall consist of one (1) Common Share of the Company and one (1) share purchase warrant (the “Warrant”) (each full Warrant shall entitle the holder thereof to purchase one (1) additional common share of HLM at an exercise price of $0.10 for a 24 month period from closing (the “Offering”).

All of the Shares and Warrants issued pursuant to the private placement are subject to a 4-month hold period. Completion of the private placement is subject to the final approval of the TSX Venture Exchange. Proceeds from the financing will be used to advance Houston Lake‘s 100% owned and optioned PAK Rare Metals project located in northwestern Ontario, and for general working capital purposes.

HLM reserves the opportunity to grant to eligible persons a finder’s fee of a maximum 8% of the gross proceeds of the Offering and finder options of a maximum of 8% of the total number of Units sold under the Offering. Each finder option will be exercisable at an exercise price of $0.10 into one common share and one Warrant for a period of two years from closing.

About the PAK Rare Metals Project

The Pakeagama Lake pegmatite currently has a strike length of approximately 200m with a width up to 150m at surface with mineralization that is open in all directions. In September 2012, Peter J. Vanstone, P.Geo. the qualified person for the project, conducted a 91 sample channel sampling program on the exposed Pakeagama Lake pegmatite in order to confirm historical results and to add additional channel samples while further sampling by distinct geologic zones. The results of the program have so far identified high grade lithium up to 4.74% Li2O over 15 meters in three distinct pegmatite zones, and high grade tantalum up to 192ppm Ta2O5 over 14 meters in one of these zones. A diamond drill program …read more
Source: FULL ARTICLE at DailyFinance

CIBT Division Signs Global Recruitment Agreement with Academy of Holy Angels

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CIBT Division Signs Global Recruitment Agreement with Academy of Holy Angels

VANCOUVER, British Columbia–(BUSINESS WIRE)– CIBT Education Group Inc. (NYSE MKT: MBA and TSX: MBA) (“CIBT Group”) is pleased to announce that its newly formed division, Global Education Alliance (“GEA“), has entered into an agreement with Academy of Holy Angels (“AHA“), a highly respected high school and college preparatory school located in Richfield, Minnesota. GEA has been appointed as AHA‘s exclusive recruitment partner for the China market with plans to expand GEA‘s recruitment territory into other countries.

Under the terms of the agreement, GEA will assist Academy of Holy Angels with marketing, promotion and recruitment for the international market with a focus on the China market where GEA has exclusivity. GEA will provide student services and recruitment by tapping into CIBT Group’s existing infrastructure and referral network at 50+ locations in 18 countries. Currently, CIBT Group is enrolling over 9,000 international students from 42 countries per year and approximately 3,000 domestic students per year from Canada.

“We are honored to be working with Academy of Holy Angels, being a highly respected and prestigious high school in the United States”, commented Toby Chu, President, Chief Executive Officer and Vice Chairman of CIBT Group. “With nearly two decades of operating experience in the global education market, we believe our presence and infrastructure will add substantial value to our academic partners in terms of diversity, cultural integration and increased capital resources available to our partner schools.”

“After nearly a year of study, we are excited to introduce EPIC International and our global partner, CIBT Group, to the Academy of Holy Angels community and the greater Twin Cities metro area”, commented Thomas Shipley, President of Academy of Holy Angels. “The Academy will be the first U.S. secondary school to align itself with CIBT Group’s global education network. Benefits of this relationship will enhance each student’s experience here at Holy Angels. International students have always been a part of our fabric. The addition of a global partner, whose educational programs are as strong as their ability to place students in an educational setting, makes this program a truly remarkable opportunity.”


About the Academy of Holy Angels:

Academy of Holy Angels (“AHA“) is a Catholic coeducational, college preparatory high school in Richfield, Minnesota. AHA educates more than 820 students of diverse ethnic and religious backgrounds each …read more
Source: FULL ARTICLE at DailyFinance

Atlas To Present at The NYSSA 17th Annual Insurance Conference on March 19, 2013

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Atlas To Present at The NYSSA 17 th Annual Insurance Conference on March 19, 2013

CHICAGO–(BUSINESS WIRE)– Atlas Financial Holdings, Inc. (NASDAQ: AFH; TSX.V: AFH) (“Atlas” or the “Company”) today announced Company’s President and CEO, Scott D. Wollney, will present at the New York Society of Security Analysts (NYSSA) 17th Annual Insurance Industry Conference in New York City on Tuesday, March 19, 2013 at 8:30 AM ET.

Atlas’ presentation materials will be available on the Company’s website at www.atlas-fin.com prior to the presentation.

More information on the NYSSA Conference can be gathered from the NYSSA website at www.nyssa.org, or by calling the organization at (212) 541-4530.

About Atlas Financial Holdings, Inc.

The primary business of Atlas is commercial automobile insurance in the United States, with a niche market orientation and focus on insurance for the “light” commercial automobile sector including taxi cabs, non-emergency paratransit, limousine/livery and business auto. The business of Atlas is carried on through its insurance subsidiaries American Country Insurance Company, American Service Insurance Company, Inc. and Gateway Insurance Company. Atlas’ insurance subsidiaries have decades of experience with a commitment to being an industry leader in these specialized areas of insurance.

Forward-looking Statements

This release includes forward-looking statements regarding Atlas and its insurance subsidiaries and businesses. Such statements are based on the current expectations of the management of each entity. The words “anticipate”, “expect”, “believe”, “may”, “should”, “estimate”, “project”, “outlook”, “forecast” or similar words are used to identify such forward looking information. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting the Company and its subsidiaries, including risks regarding the insurance industry, economic factors and the equity markets generally and the risk factors discussed in the “Risk Factors” section of the Company’s Form 10-K for the year ended December 31, 2011 and its recent prospectus. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Atlas and its subsidiaries undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

Neither exchange on which the Company’s stock is listed nor their regulation services providers (as that term is defined …read more
Source: FULL ARTICLE at DailyFinance

Resources pull TSX lower; U.S. budget cuts imminent

Toronto Stock Exchange logo is seen in Toronto

TORONTO (Reuters) – Canada's main stock index fell on Friday, as energy and materials shares followed commodity prices lower and Washington failed to cut a deal to prevent U.S. budget cuts that could threaten the recovery of Canada's largest trading partner. Investor sentiment was further dampened by weak economic data from Europe and the political stalemate in Italy. Meanwhile, data showed Canada's economy grew at a sluggish pace in the final quarter of 2012 after a similarly disappointing third quarter. The U.S. …

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Source: FULL ARTICLE at Yahoo Business

The Continental: BMW Sells Husqvarna, An Electric City Car, Goodbye to the C6, and a Bad VW Group Decision

By Jens Meiners

The Continental

Each week, our German correspondent slices and dices the latest rumblings, news, and quick-hit driving impressions from the other side of the pond. His byline may say Jens Meiners, but we simply call him . . . the Continental.

BMW C evolution

BMW has sold off Husqvarna to the Austrian Pierer Industrie AG, which owns motorcycle-maker KTM. The Bavarians had bought the (originally) Swedish company in 2008 and never achieved the sales and financial targets that were set with the purchase. Now BMW is serving up a politically correct explanation, saying that the realignment of its motorcycle business without Husqvarna will focus on “urban mobility and e-mobility.” It kind of reminds me of the reasoning in 2009 for pulling out of F1, in which reasons of “sustainability and environmental consciousness” were cited.

BMW has announced it is expanding its remaining motorcycle presence with an electric scooter called C Evolution and also talks of “further innovative vehicle concepts.” Perhaps the time is right for something like BMW’s C1, the Bertone-built city scooter sold between 2000 and 2003. It offered partial weather protection and was conceived as an alternative to city cars, but only sold in low numbers and was yanked from the market prematurely.

Technical University of Munich Visio.M

Meanwhile, work is progressing on the Visio.M, an electric city vehicle developed by the Technical University of Munich with assistance from consortial leaders BMW, Daimler, and a number of suppliers and public entities. The passenger cell will be made of carbon fiber, and it will be powered by a asynchronous electric motor coupled to an extremely lightweight transmission. Anti-lock brakes are standard, as is a torque-vectoring system. It is an interesting project, but I know for a fact that it does not rank highly on BMW’s list of priorities. The Visio.M is a tiny vehicle, and as of today, there are no plans to integrate it into BMW’s model range—ever.

Citroën C6

Adieu, C6! 

It has been over a month, but this deserves mention: The Citroën C6 is history, and the last one rolled off the assembly line in December. Based on the smaller C5 sedan, the C6 was a car that was compromised in many ways. I have tested several of them over the years, and while the air suspension provided a generally good ride, it was jittery over smaller bumps; the steering was utterly overboosted, Cadillac XTS–style; and the frameless side windows tended to be pulled out of their guides at over 130 mph. To get them fully up again, you needed to slow down to 80 mph. In 2009, the C6′s gasoline V-6 was killed, somewhat disingeniously leaving the luxurious Citroën only with diesel engines.

Citroën C6 interior

What’s more, the C6 is a prime example of how not to launch a car. The C6 Lignage—which previewed the design of the production C6—was shown in 1999, a full six years before the car went on sale. Offered at a far higher price point, it never matched the success of its predecessor, the angular and futuristic XM.

On the plus side, the C6 was a daring design, evoking memories of the classic Citroën DS and CX sedans. Its interior was stunning, with details such as gliding covers in the doors, and generously applied Mukonto wood, the sort used by the Zulu tribe to make spears. Far from perfect, the C6 had character. I liked it.

SEAT Ibiza Cupra

SEAT’s Flawed Hot Hatch

The hot hatch segment is in full bloom again in Europe. The latest entry is the SEAT Ibiza Cupra, a sister model to the Volkswagen Polo GTI with a 180-hp, turbocharged and supercharged 1.4-liter engine and a seven-speed dual-clutch automatic. Sadly, no manual is offered. Come on, in this class? Surely, there should be enough volume in the sporty versions of the Ibiza (and the architecturally similar Audi A1, Škoda Fabia, and VW Polo), to justify the application of a six-speed manual, like in their lesser siblings. It’s a good thing that PSA still offers two vehicles in this class with a manual: The Citroën DS3 Racing and the Peugeot 208 GTi. I’ll take one of those over an automatic VW Group car any time.



2013 Honda Accord

Sampling an American Favorite

It was interesting to spend some time behind the wheel of the U.S.-market Honda Accord. For over a decade, the European and American Accord models have been different vehicles. American customers get a variation of the European Accord in the form of Acura’s TSX. I sampled the U.S. Accord in all available engine and transmission configurations, and my hands-down favorite, unsurprisingly, was the V-6 coupe equipped with the manual transmission. It handled so well and sounded so sweet that I would consider it against a 3-series coupe or Audi A5. It’s less of a love affair with the CVT, which seems to reflect a little too long before actually performing the belt adjustments needed for acceleration. The standard inline-four is surprisingly silky, the body is tight, and the suspension is competent, almost BMW-like, under spirited driving.

2013 Honda Accord interior

When you look closely at the Accord, you can see some cost-cutting, like the exposed trunk hinges. And I don’t get the instrument panel, which is a garbled assemblage of buttons and monitors. There are many ways to enter data into the navigation system, none of which works intuitively. And the styling? It is better than the previous generation, which displayed a jarring disconnect between the front end and the rest of the car, but I wouldn’t call it exciting. Nevertheless, I am not surprised at the Accord’s popularity among Americans. The too-innocent skin hides a chassis and an engine that tease you to play.

Source: FULL ARTICLE at Car & Driver

Updated Acura NSX Concept Graces Detroit Adding to Extended Anticipations

By Darryl

The Acura NSX Concept is undoubtedly a highly anticipated vehicle to inject a bit of true sports and exotic aptitude into the Acura and Honda brand. Being that the Acura NSX is still years off until it drops at your local dealership, engineers and designers have plenty of time make changes improvements to it. With that said, Acura brings the latest iteration of the NSX Concept to the North American International Auto Show in Detroit today.

What we get to see for the first time in the Acura NSX Concept is an interior. Aside from the surprising interior, a few minor changes have been made including the wheels selection. The Acura NSX Concept still carries its sexy looks and only adds to our eager anticipation. I am not sure if we can all wait two or so more years before this baby is officially released.

Hit up the updated press release from Acura on their latest NSX ‘Hybrid’ Concept and be sure to view the new interior shots.

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2014 Acura RLX

Acura Unveils Next Evolution of NSX Concept at 2013 North American International Auto Show
Acura provides first look at possible NSX interior design concept

01/15/2013 – DETROIT, Mich

Acura today unveiled a new NSX Concept that showcases the evolution of the next-generation supercar’s styling and design, including a first-ever look at one possible direction for the next-generation NSX interior design.

“This further evolution of the Acura NSX Concept design is remarkably true to the original concept styling,” said Mike Accavitti, vice president of national marketing operations. “We’re making great progress in delivering on the expectations we created a year ago, with advanced technology that will bring new levels of performance and a unique, dynamic experience to the exotic sports car market.”

The new Acura NSX Concept is based on the expected underpinnings of the vehicle Acura will bring to market. Still, the new NSX Concept maintains its low and wide stance with the dynamic and alluring proportions that debuted in the original NSX Concept at the 2012 North American International Auto Show — highlighted by clean, modern and simple surfacing, and edgy details that communicate supercar attitude and a high-tech feel.

The new NSX Concept also features a first-ever look at one potential direction for the next-generation Acura NSX interior design. The design concept is founded on a “Human Support Cockpit” theme, a strong expression of Acura’s product direction focused on “the synergy between man and machine.” The interior package boasts outstanding visibility, an exotic driving position, and an intuitive “Simple Sports Interface” that minimizes interior clutter, allowing the driver to focus on the driving experience.

“Consistent with the spirit of the original NSX, our intention is to support the psychological and emotional aspects of driving a super car at the limit, because we are insistent about delivering on the synergy between man and machine,” said Jon Ikeda, chief designer, Acura Design Studio. “Importantly, this will be true of all Acura vehicles moving forward.”

With the aim of delivering a new sports car experience that combines next-generation supercar dynamic capabilities with advanced environmental performance, Acura announced a year ago that the Acura NSX will be powered by a mid-mounted, direct-injected V-6 engine mated to Acura’s Sport Hybrid SH-AWD® (Super Handling All-Wheel Drive) system.

Acura Sport Hybrid SH-AWD is an all-new, three-motor high-performance hybrid system that combines torque vectoring all-wheel drive with advanced hybrid efficiency through the use of three electric motors – one motor integrated with the V-6 engine and two motors driving the front wheels – along with an all-new dual-clutch transmission (DCT). The system enables instant delivery of negative or positive torque to the front wheels during cornering to achieve a new level of driving performance unparalleled by current AWD systems.

As previously announced, the new NSX is being developed by a global R&D team led by designers and engineers at Honda R&D Americas, Inc. located in Los Angeles, California, and Raymond, Ohio. The new NSX will also be manufactured at a new production facility in central Ohio.

About Acura
Acura is the fastest growing automotive luxury brand in America, having posted a 26.7% year-over-year gain in 2012, its best annual sales result since 2007. Acura offers a full line of technologically advanced performance luxury vehicles through a network of 272 dealers within the United States. The Acura lineup features six distinctive models: the TL performance luxury sedan, the TSX sports sedan and Sport Wagon, the ILX luxury compact sedan, the 5-passenger RDX crossover SUV, the 7-passenger MDX luxury SUV, and the all-new Acura RLX flagship sedan, launching in March 2013.

Source: FULL ARTICLE at Automotive Addicts