On Friday, Shares of Enerplus Corp (USA) (NYSE:ER), lost -0.78% to $6.34.
Enerplus Corporation, advised that Mr. Ray J. Daniels, Senior Vice President, Operations, will provide an update on Enerplus’ activities via a presentation at EnerCom’s Oil & Gas Conference in Denver, Colorado on Tuesday, August 18, 2015 at 2:45 pm MT (4:45 pm ET). Investors are invited to listen to a live webcast of the presentation at:
Enerplus is a North American energy producer with a portfolio of high quality oil and gas assets in resource plays that offer organic growth potential. We are focused on creating value for our investors through the execution of a disciplined capital investment strategy that supports the successful development of our properties and a monthly dividend to shareholders. We are a responsible developer of resources that strives to provide investors with a competitive return comprised of both growth and income.
Enerplus Corporation, together with auxiliaries, engages in the exploration and development of crude oil and natural gas in the United States and Canada. The company primarily has interests in about 162,000 net acres of lands comprising about 77,000 net acres targeting the Stacked Mannville zones and 85,000 net acres targeting the Duvernay formation in the Deep Basin region, Canada.
Shares of VMware, Inc. (NYSE:VMW), inclined 1.61% to $88.49, during its last trading session.
VMware, declared that VMware is placed in the Leaders Quadrant of Gartner, Inc.’s 2015 Magic Quadrant for x86 Server Virtualization Infrastructure for the sixth year in a row.
According to Gartner, “Virtualization (in the form of VMs and containers) is a fundamental enabler to IaaS, and it will be used to establish private cloud services, public cloud services and interoperable hybrid cloud services. Effectively, all IaaS offerings will rely on VMs or container technology.”
VMware, Inc. provides virtualization infrastructure solutions in the United States and internationally. The company’s virtualization infrastructure solutions comprise a suite of products designed to deliver a software-defined data center (SDDC), run on industry-standard desktop computers and servers, and support a range of operating system and application environments, in addition to networking and storage infrastructures.
At the end of Friday’s trade, Shares of Denison Mines Corp (NYSEMKT:DNN), gained 3.37% to $0.512.
Denison Mines Corp., stated its results for the six months ended June 30, 2015. All amounts in this release are in U.S. dollars unless otherwise stated.
Highlights
- Executed agreement with Fission Uranium Corp. to create a Canadian focused and diversified uranium company: On July 27, 2015, Denison reached a contract to combine its business with Fission by way of a court approved plan of arrangement. The combined company will feature an exploration and development portfolio that will comprise Fission’s 100% owned Patterson Lake South Project (host to the Triple R deposit) and Denison’s 60% owned Wheeler River Project (which hosts the Phoenix deposit and Gryphon discovery). The combined company will also have a strong exploration foothold in both the historically prolific eastern Athabasca Basin and the emergent western Athabasca Basin, with a combined land package of over 430,000 hectares and a sizeable base of mineral resources.
- Under the terms of the Arrangement, Fission common shareholders will receive 1.26 common shares of Denison for each common share of Fission held plus CAD$0.0001 per each Fission share in cash. Upon completion of the transaction, the combined company will be named “Denison Energy Corp.” and will be about 50% owned by the existing Denison and Fission shareholders on a fully-diluted in-the-money basis. The Company also plans to complete a 2-for-1 share consolidation upon completion of the transaction. The projected transaction, name change, share consolidation and shareholders’ approval are predictable to be accomplished in October 2015.
- Agreed to the sale of Mongolian interests: On July 29, 2015, Denison reached a definitive share purchase agreement with Uranium Industry a.s. (“UI”), of the Czech Republic, whereby UI will acquire all of Denison’s interest in mining assets and operations located in Mongolia in exchange for cash consideration of $20 million (“the GSJV sale”). Following the terms of the agreement, Denison will receive an initial payment of $250,000 on closing, predictable to occur on or about September 8, 2015, and a deferred payment of $19,750,000 by November 30, 2015.
- Accomplished CAD$15 million flow-through financing to fund Canadian exploration activities in 2016: In May 2015, the Company accomplished a private placement offering of 12,000,000 common shares issued on a flow-through basis, at a price of CAD$1.25 per share, for aggregate proceeds to Denison of CAD$15 million.
- Stream of toll milling revenue continued to grow in the first half of 2015: The McClean Lake mill, in which Denison holds a 22.5% interest, packaged about 3.1 million pounds U3O8 in the first half of 2015 for the Cigar Lake Joint Venture (“CLJV”), generating toll milling revenues for Denison of $0.9 million. Production ramped up significantly in the early part of the second quarter and is on track to meet the target of six to eight million packaged pounds of U3O8 this year. The Company’s share of toll milling revenues for the year is predictable to be about $2.1 million.
- Continued Exploration Success at the Wheeler River Property: The summer drilling program is presently in progress with 36 drill holes planned, totaling about 24,000 metres. The Gryphon zone of uranium mineralization has the potential to add significantly to the estimate of mineral resources at Wheeler River, which already comprises the high grade Phoenix uranium deposit.
Denison Mines Corp. engages in uranium mining and related activities in Canada, Mali, Namibia, Zambia, and Mongolia. The company is involved in the acquisition, exploration, and development of uranium properties; and extraction, processing, and sale of uranium. Its principal assets comprise a 22.50% interest in the McClean Lake uranium processing facility and uranium deposits; a 25.17% interest in the Midwest uranium project; and a 60% interest in the Wheeler River project in northern Saskatchewan.
Finally, SunCoke Energy Inc (NYSE:SXC), ended its last trade with -2.79% loss, and closed at $11.13.
SunCoke Energy Partners, declared that its outstanding 7.375% Senior Notes due 2020 are now freely tradable without restrictions by non-associates of SXCP. The 2020 Notes were issued in non-registered private offerings in January 2013 and May 2014, and were subject to restrictions on transfer under the indenture governing the 2020 Notes. The Restricted Notes were issued under CUSIP numbers 86723C AA6, 86723C AC2, U86660 AA2, and U86660 AB0.
The freely tradable 2020 Notes are represented by the CUSIP number 86723C AD0 and by a global security without restrictive legends that is held by the trustee for the 2020 Notes, The Bank of New York Trust Company, N.A., as custodian for The Depository Trust Company. The Unrestricted Notes are now eligible at DTC.
Beneficial owners of the 2020 Notes who wish to exchange their Restricted Notes for Unrestricted Notes should contact their respective DTC participants.
SunCoke Energy, Inc. operates as an independent producer of coke in the Americas. The company offers metallurgical and thermal coal for use as a raw material in the blast furnace steelmaking process.
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