News / Finance
WhisperfromWallStreet.com "Morning Gainers AMEX" - UEnvironmental Tectonics Corp.,ETC - WESTERN GOLDFIELDS,WGW - NEW GOLD INC,NGD
Environmental Tectonics Corp - Western Goldfields Inc. - New Gold Inc.
Environmental Tectonics Corp.,ETC
Environmental Tectonics Corporation, together with its subsidiaries, engages in the design, manufacture, and sale of software driven products and services to recreate and monitor the physiological effects of motion on humans and equipment, and to control, modify, simulate, and measure environmental conditions. The company operates in two segments, Training Services Group (TSG) and Control Systems Group (CSG).
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WESTERN GOLDFIELDS,WGW
Western Goldfields Inc., together with its subsidiaries, engages in the exploration and production of precious metals primarily gold in North America. It holds interest in the Mesquite Mine located in Imperial County, California. As of December 31, 2008, the company had 2.57 million ounces of proved and probable gold reserves. The company was formerly known as Bismarck Mining Inc. and changed its name to Western Goldfields, Inc. in July 2002. Western Goldfields was incorporated in 1924 and is headquartered in Toronto, Canada.
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NEW GOLD INC,NGD
New Gold Inc. and Western Goldfields Inc. are pleased to announce the receipt of the final order from the Ontario Superior Court of Justice approving the business combination between Western Goldfields and New Gold.
The completion of the Transaction is on schedule to close on June 1, 2009. The Transaction is structured as a Plan of Arrangement under the Business Corporations Act (Ontario).
Upon completion of the transaction, the combined company is expected to produce between 330,000 and 360,000 ounces of gold in 2009, growing to over 400,000 ounces in 2012 and have significant reserves and resources with a strong portfolio of mining, development and exploration assets in mining friendly jurisdictions. For more information, please see the respective company websites at www.newgold.com and www.westerngoldfields.com.
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