Australian initial public offerings may lose money for a second straight year in 2008 as investors retreat from unprofitable commodity explorers and financial companies infected by losses from subprime mortgages.
Bloomberg’s Australian IPO index of 243 companies that went public in the past year fell 2.2 percent in 2007 while the S&P/ASX 200 Index rose 17 […]
Champion Bear Resources Ltd. (”Champion Bear”) has received the final assay results from its recently completed drill program at its Halcyon property located in Parkin Township, northeast of Sudbury, Ontario. Anomalous nickel mineralization ranging from 147 to 611 ppm Ni was encountered at shallow depth in sheared mafic volcanics at or near the intersection of […]
Boart Longyear, a drilling company controlled by a Macquarie Bank-led group, plans to raise as much as 2.65 billion Australian dollars, or $2.1 billion, in Australia’s largest initial share sale in nine years.
It is offering shares between 1.76 dollars and 2.10 dollars each, the Sydney company said Thursday. The sale will be completed April 3, […]
Boart Longyear, a drilling company controlled by a Macquarie Bank-led group, plans to raise as much as 2.65 billion Australian dollars, or $2.1 billion, in Australia’s largest initial share sale in nine years.
It is offering shares between 1.76 dollars and 2.10 dollars each, the Sydney company said Thursday. The sale will be completed April 3, […]
Consolidated Abaddon Resources Inc. (TSX-V: ABN) (FWB: E2L) announce that Denison Mines Corp. (TSX: DML) has informed the Company that a diamond drill program on the Huard-Kirsch Lakes property is planned for March 2007. The Huard-Kirsch Lakes property is located in the eastern Athabasca Basin of northern Saskatchewan and is situated approximately 20 km to […]
Entree Gold Inc. (TSX: ETG)(AMEX: EGI)(FWB: EKA) (”Entree” or the “Company”) reports that results from the geophysical survey completed on its Sol Dos Property, Arizona have been received and evaluated. Drill targets have been identified and documentation has been submitted to the Bureau of Land Management (”BLM”) for permitting of the proposed follow-up exploration program. […]
Entree Gold Inc. (TSX: ETG)(AMEX: EGI)(FWB: EKA) (”Entree” or the “Company”) reports that results from the geophysical survey completed on its Sol Dos Property, Arizona have been received and evaluated. Drill targets have been identified and documentation has been submitted to the Bureau of Land Management (”BLM”) for permitting of the proposed follow-up exploration program. […]
Rockgate Capital Corp. (”Rockgate”) is pleased to announce that its joint venture partner Delta Explorations Inc. (”Delta”) has signed a contract with BLY Mali S.A. (”BLY”) a subsidiary of Boart Longyear Inc. to provide diamond drilling services on the Falea Uranium-Copper Property located in western Mali, West Africa.
Mobilization of the drilling equipment and technical team […]
Macquarie Bank Ltd., Australia’s largest securities firm, plans to raise about A$2 billion ($1.6 billion) in an initial public offering of mining equipment maker Boart Longyear Group, two people with knowledge of the sale said.
Shares in Salt Lake City, Utah-based Boart will start trading on the Australian Stock Exchange in April, said the people, who […]