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Tag "mdn-inc"

MDN Reports Its Financial Results for the Fiscal Year Ended December 31, 2012 0

MONTREAL, QUEBEC — (Marketwire) — 03/27/13 — MDN Inc. ("MDN") (TSX: MDN) is pleased to report its financial results for the fiscal year ended December 31, 2012. The management discussion and analysis and the annual report will be available on the Company-s website () and on SEDAR ().The Company is reporting a net loss attributable of $12,862,510 or $0.127 per share to owners of the Company, compared to net income of $1,675,414 or $0.016 per share for the same period in 2011. The c

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Ikungu Project: MDN Signs an Option Agreement With Metalinvest 0

MONTREAL, QUEBEC — (Marketwire) — 02/25/13 — MDN Inc. ("MDN") (TSX: MDN) is pleased to announce the signature of an agreement with Metalinvest Capital Corporation ("Metalinvest"), pursuant to which MDN is grantong an option tp Metalinvest to acquire a 55% undivided interest in its interest in the prospecting licences of the Ikungu property to Metalinvest. The Ikungu property covers 17.9 km2 and lies 17 km southwest of Musoma and 135 km northeast of Mwanza, Tanzania-s sec

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MDN Announces Tulawaka Year-End 2012 Operational Results 0

MONTREAL, QUEBEC — (Marketwire) — 02/13/13 — MDN Inc. ("MDN") (TSX: MDN) notifies its shareholders that African Barrick Gold plc (ABG), the project operator of the Tulawaka gold mine in Tanzania in which MDN has a 30% participating interest, announced fourth quarter and annual operational results.ABG have successfully extended the life of this operation consistently in the last three years; however as part of ABG Operational Review, ABG have taken the decision not to further exten

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MDN Corporate Restructuring Focused on Exploration in Tanzania 0

MONTREAL, QUEBEC — (Marketwire) — 01/28/13 — Serge Savard, Chairman of the Board of MDN Inc. (TSX: MDN) ("MDN"), is pleased to announce a corporate restructuring of MDN in connection with its exploration activities and the future development of the Crevier project.(CMI)For 2013, the Company will focus all of its exploration efforts on Tanzania, primarily the Ikungu gold project. The Crevier niobium-tantalum project will be developed through Crevier Minerals Inc. (CMI), a private c

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MDN Acquires Ground at the Ikungu Gold Project in Tanzania 0

MONTREAL, QUEBEC — (Marketwire) — 03/14/12 — MDN Inc. ("MDN") (TSX: MDN) is pleased to announce that it has acquired the entire control of a 133.33 km(2)area to the east of its Ikungu property in Tanzania. The request for the prospecting licences was been granted to MDN by the United Republic of Tanzania Ministry of Energy and Minerals.MDN-s geological compilation of available information and interpretation of data suggests that the Ikungu gold-bearing structure continues towards

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MDN Inc. Receives Payment of US $6.17 Million 0

MONTREAL, QUEBEC — (Marketwire) — 03/06/12 — MDN Inc. (MDN)(TSX: MDN) is pleased to inform its shareholders that African Barrick Gold plc (ABG), which operates the Tulawaka gold mine in Tanzania, has announced the total royalty payment of cash available for distribution attributable to 2011. MDN has a 30% participation interest in the Tulawaka mine. The total amount received by MDN for 2011 is US $6.17 million, including payment of US $1.2 million that was remitted at the end of the first h

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