VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 09/18/13 — Conifex Timber Inc. ("Conifex" or the "Company") (TSX VENTURE: CFF) announced today that it has completed its previously announced senior secured financing (the "Financing") pursuant to which the Company issued promissory notes to investment funds managed by Vertex One Asset Management Inc. in the aggregate principal amount of $30 million.The promissory notes will expire on September 18, 2017, subject to
VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 09/17/13 — Conifex Timber Inc. ("Conifex" or the "Company") (TSX VENTURE: CFF) announced today that, further to its prior news release, its wholly-owned subsidiary, Conifex Power Limited Partnership ("Conifex Power"), has accepted commitment letters from a syndicate of three institutional lenders led by a Canadian chartered bank for secured project financing (the "Project Financing") for its planned 36MW b
SCOTTSDALE, AZ — (Marketwired) — 09/17/13 — On Tuesday, September 17, Lithium Exploration Group Inc. (OTCQB: LEXG) updated shareholders on progress at its Morinville disposal facility. The well integrity testing has been completed, and bids for the site work required to resume operations are expected to arrive this week. The goal is to complete all work at the facility in the next few weeks. Initial discussions are taking place with local operators who could send produced water to the facili
VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 09/16/13 — Conifex Timber Inc. ("Conifex" or the "Company") (TSX VENTURE: CFF) announced today that its wholly-owned subsidiary Conifex Power Limited Partnership ("Conifex Power") has received oral confirmation that it shall receive a commitment for secured project financing (the "Project Financing") for its planned 36MW bioenergy power project in Mackenzie, British Columbia (the "Power Project")
VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 09/12/13 — West Fraser Timber Co. Ltd. ("West Fraser" or the "Company") (TSX: WFT) announced today that it is proceeding with a normal course issuer bid for up to 1,000,000 Common shares of the Company, representing approximately 2.5% of the issued and outstanding Common shares of the Company. On September 5, 2012, the Company had a total of 40,284,984 Common shares outstanding. The Company has received approval from the Toro
NILES, IL — (Marketwired) — 09/12/13 — (NASDAQ: MFRI)Sales increased 44% to $62 million in the current quarter from $43 million in the prior-year quarter. Piping systems sales increased 90% or $21 million in the quarter mainly due to sales growth in Saudi Arabia and the United Arab Emirates, ("U.A.E.") for major projects expanding the Grand Mosque in Mecca and the King Abdul-Aziz International Airport in Jeddah. Filtration products sales decreased by $2 million due primarily to red
SKIPPACK, PA — (Marketwired) — 09/12/13 — North Bay Resources Inc. (OTCQB: NBRI) ("North Bay" or the "Company") is pleased to announce that the Form S-1 filed on August 12, 2013 to register the next tranche of its $10M equity credit line with Tangiers Investors, LP ("Tangiers") has been declared effective by the United States Securities and Exchange Commission ("SEC").Among other general corporate uses, the Company expects to be able to draw upon this
WASHINGTON, DC — (Marketwired) — 09/11/13 — Virtual Sourcing, Inc. (OTC Pink: PGCX) subsidiary Allied Recycling Corp. has signed a letter of intent to purchase the assets of a holding company that includes a concrete products manufacturer with more than 20 years of operations. The concrete operation has historical sales exceeding $17 million annually in four of the last five years with discretionary earnings in excess of $3 million in its latest fiscal year ended in April 2013. The company h
VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 09/10/13 — The Board of Directors of West Fraser Timber Co. Ltd. (TSX: WFT) has declared a quarterly dividend of $0.14 per share on the Common shares and Class B Common shares in the capital of the Company, payable on October 15, 2013 to shareholders of record on September 30, 2013.Dividends are designated to be eligible dividends pursuant to subsection 89(14) of the Income Tax Act (Canada) and any applicable provincial legislation pertaining to
SKIPPACK, PA — (Marketwired) — 09/10/13 — North Bay Resources Inc. (OTCQB: NBRI) ("North Bay" or the "Company") is pleased to report that the Company has cleared the last remaining obstacle in the Ruby Tunnel at the 4900 vein and has crossed the Melones Fault to gain access to the Black Channel. This has always been one of the principle goals of the Ruby Tunnel Rehab project, and thus represents another significant milestone in the reopening of the Ruby Mine.As previously
