News / Business
Speak with other shareholders about: (Pinksheets: DMXC), (TSX: MNG; NYSE: MDG), (NYSE: RTI), (NYSE: POT)
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Delta Mining and Exploration Corp. (OTC BB: DMXC)
Delta Mining and Exploration Corp. (OTC: DMXC) announced that it agreed to terms with a private funding company and is scheduled to receive up to nine hundred thousand (US$900,000) dollars in cash. These funds will be fully utilized for the third phase of exploration. Management is very excited about this development since it will be able to continue on to the Phase 3 while retaining full control over the company. Delta had been actively seeking a joint venture partner to share the costs of the project but was able to secure enough funding to continue on their own. A work program is currently being negotiated with Apex GeoScience who performed the first two stages of exploration for Delta and determined that a bulk sample was necessary. Based on the Phase 2 reports, Apex has recommended a program of sampling for macro-diamonds utilizing large samples (30 tons) on the Homestead, Three Buttes, Teigen Butte and Rattlesnake Butte targets.
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Meridian Gold Inc. (TSX: MNG; NYSE: MDG) was advised that Yamana Gold Inc. filed documents with the U.S. Securities and Exchange Commission and Canadian securities authorities formally commencing an unsolicited tender offer to acquire all of the outstanding common shares of Meridian Gold on the basis of 2.235 Yamana common shares and Cdn$3.15 in cash for each common share of Meridian Gold. Consistent with its fiduciary duties, Meridian Gold's Board of Directors will carefully review and consider the offer and will advise Meridian Gold shareholders of the Board's recommendation with respect to the offer and the reasons for its recommendation within the next ten business days.
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RTI International Metals, Inc., (NYSE: RTI) will host a live conference call on Wednesday, August 1, 2007, at 10:00 a.m. Eastern Time to discuss the 2007 second quarter financial results which will be released after market on Tuesday, July 31, 2007. o participate in the call, please dial toll free (USA/Canada) 866-672-2663 or (International) 973-582-2772 a few minutes prior to the start time and specify the RTI International Metals Conference Call. Replay of the call will be available until 11:59 p.m., Eastern Time, on Wednesday, August 8, 2007, by dialing (USA/Canada) 877-519-4471 or (International) 973-341-3080 and Digital Pin Code 8967843.
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On Friday, Potash Corporation of Saskatchewan Inc. (NYSE: POT) announced plans for a new 2-million-tonne potash mine and expanded milling operations in New Brunswick, which will raise the company's projected total annual potash capacity to 14.9 million tonnes by 2011. The four-year construction project will begin once necessary regulatory approvals are obtained and has an estimated cost of US $1.6 billion, which includes US $100 million for additional upgraded granular production capability.
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