On Wednesday, New Gold Inc. (USA) (NYSEMKT:NGD)’s shares declined -4.41% to $3.25.
On April 7, New Gold Inc. (USA) (NGD), declares that it will host its Annual and Special Meeting of Shareholders on Wednesday, April 29, 2015. New Gold has filed its 2014 audited financial statements, administration’s talk about and analysis (MD&A), and administration information circular, and these documents are accessible on the company’s website at www.newgold.com.
The Annual and Special Meeting will start on Wednesday, April 29, 2015 at 4:00 p.m. Eastern time and will be held at St. Andrew’s Club & Conference Centre, 150 King Street West, 27th Floor, Toronto, Ontario, Canada. Participants may listen to the webcast by registering on our website at www.newgold.com.
New Gold Inc., a gold mining company, engages in the acquisition, exploration, development, and operation of mineral properties. It primarily explores for gold, silver, and copper deposits. The company’s operating properties comprise a 100% interest in the New Afton gold-copper mine in British Columbia, Canada; the Mesquite gold mine in California; the Peak gold-copper mines in New South Wales, Australia; and the Cerro San Pedro gold-silver mine in the state of San Luis Potosí, Mexico.
AuRico Gold Inc (NYSE:AUQ)’s shares dropped -4.40% to $3.48, during the last trading session on Wednesday.
On April 20, AuRico Gold Inc (AUQ), declared the closing of its formerly declared non-brokered private placement following which Alamos Gold Inc. subscribed for about 27.9 million common shares of AuRico, representing about 9.9% of AuRico’s outstanding common shares after giving effect to the private placement. The common shares were attained at a price of US$2.99 per share, equal to AuRico’s closing price on the New York Stock Exchange on April 10, 2015, for total gross proceeds to AuRico of about US$83.3 million.
The net proceeds from the private placement will be used by the Company for the advancement of its exploration and development projects and for general working capital.
The common shares issued following the private placement are subject to the Canadian resale rules which comprise a four-month restricted period before the common shares may become freely-tradeable within Canada.
AuRico Gold Inc. operates as a gold producer with mines and projects in North America. Its principal projects comprise the Young-Davidson gold mine comprising of contiguous mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada; and the El Chanate mine comprising 22 mineral concessions that cover an area of about 4,618 hectares located in Sonora State, Mexico. The company was formerly known as Gammon Gold Inc. and changed its name to AuRico Gold Inc. in June 2011. AuRico Gold Inc. was founded in 1986 and is headquartered in Toronto, Canada.
At the end of Wednesday’s trade, Rubicon Minerals Corp. (USA)(NYSEMKT:RBY)‘s shares dipped -4.35% to $1.10.
On April 14, Rubicon Minerals Corp. (USA)(RBY), declare that the development and construction of the Phoenix Gold Project (“Project”) in Red Lake, Ontario, Canada remains on plan for projected initial production in mid-2015. The mill commissioning process has commenced ahead of plan and is predictable to continue throughout the second quarter of this year.
“I am happy to declare that the Phoenix Gold Project is now on the homestretch to projected initial production,” stated Michael A. Lalonde, President and Chief Executive Officer of Rubicon. “We have begun commissioning the mill circuit ahead of plan. We expect commissioning to continue throughout the second quarter, counting the limited processing of low-grade development material. The stockpiling of mill feed continues. We expect that all remaining underground development prior to projected initial production will be accomplished by the end of May.”
Rubicon Minerals Corporation engages in the acquisition, exploration, and development of gold properties in Canada and the United States. It primarily holds a 100% interest in Phoenix Gold project comprising of 16 patented mining claims, 25 licenses of occupation, 1 mineral lease, and 1 unpatented mining claim located in Bateman Township, Municipality of Red Lake, Ontario. The company was founded in 1996 and is headquartered in Toronto, Canada.
Resolute Energy Corp (NYSE:REN), ended its Wednesday’s trading session with -4.23% loss, and closed at $1.36.
Resolute Energy Corp (REN), declared that it has reached a definitive contract to sell certain non-core assets in the Midland Basin portion of the Permian Basin in west Texas. The properties will be sold to a private party for a purchase price of about $42 million. The proceeds of the sale will be used to reduce debt, initially by reducing amounts outstanding under the Company’s revolving credit facility.
The transaction, which is predictable to close on or about May 1, 2015, has an effective date of March 1, 2015, and is subject to customary conditions and purchase price adjustments, counting for title and environmental defects. The assets comprise of operated and non-operated properties primarily located in Howard County, Texas.
Nicholas J. Sutton, Resolute’s Chairman and Chief Executive Officer said: “This transaction represents the first step in our formerly declared plan to pursue non-core asset sales to reduce debt and improve our liquidity. We look forward to closing this transaction in the coming weeks, at which time we will provide a more detailed breakdown of the assets sold, and the production and cost influence on Resolute for the calendar year 2015.”
Resolute also declared that William H. Cunningham and Robert M. Swartz resigned from their positions on the Board of Directors effective March 25, 2015. Both Dr. Cunningham and Mr. Swartz had served on the Board of the Company since 2009.
As of the date of these resignations, the number of Directors constituting the Board was reduced to six, counting four independent directors.
Resolute Energy Corporation, an independent oil and gas company, acquires, explores for, develops, and produces oil, gas, and hydrocarbon liquids. It holds interest in the Aneth Field covering approximately 43,000 gross acres located in the Paradox Basin in southeast Utah; and 36,500 gross acres in the Permian Basin of Texas and southeast New Mexico. The company also owns leases covering approximately 47,400 net acres in the Powder River Basin; and approximately 34,700 net acres in the Big Horn Basin in Wyoming.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
