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Archive for the 'Press Releases' Category

06 Jan

Sentry Select Diversified Income Trust (TSX:SDT.UN) Announces Name Change to Sentry Select Diversified Income Fund

TORONTO, ONTARIO–(Marketwire - Jan. 6, 2009) - Sentry Select Capital Inc. (”Sentry Select” or the “Manager”) announces that Sentry Select Diversified Income Trust (TSX:SDT.UN) has been renamed Sentry Select Diversified Income Fund (the “Fund”). The Fund’s units are expected to begin trading under the new name on January 8, 2009. The Fund’s units will continue to trade on the TSX under the symbol SDT.UN.

The Manager believes the new name more accurately reflects the broad mandate under which the Fund operates. Since October 2006, when the federal government announced its Tax Fairness Plan, the Manager has steadily increased the Fund’s holdings of dividend-paying equities. As of September 30, 2008, the Fund’s investment portfolio held 19.18% of its net assets in equities with the remainder of the portfolio primarily comprised of income trust securities.

06 Jan

SNS Silver Provides 2008 Summary Report and Proposes New Board Members

VANCOUVER, BRITISH COLUMBIA–(Marketwire - Jan. 6, 2009) - SNS Silver Corporation (”SNS” or the “Company”) (TSX VENTURE:SNS) provides a summary of the developments at the Crescent Mine during the 2008 year and is proposing a new slate of directors at the annual general meeting.

2008 Summary

Significant progress was made on the Crescent Mine in 2008 with exploration drilling, infrastructure development and modification.

Exploration drilling

Surface exploration was completed in 2008 with an additional 27,026 feet of drilling on the South Vein and Upper Alhambra structures for a total of 68,100 feet. Underground drilling within the Crescent Mine began in late Dec. 2007 and continued thru Dec. 10th of 2008. A total of 43,240 feet of underground exploration drilling was completed on the Hooper level (main haulage level) with drill stations positioned 1,000 feet apart ranging from East to West. The grand total of drilling on the Crescent property by SNS is 111,347 feet. Drill dat

06 Jan

Mexican Silver Mines Ltd. Extends Expiry Date of Outstanding Warrants

CALGARY, ALBERTA–(Marketwire - Jan. 6, 2009) - Mexican Silver Mines Ltd. (”Mexican Silver”) (TSX VENTURE:MSM)(FRANKFURT:MS2)(WKN:A0MSLE) is pleased to announce that it has extended the expiry date of certain of its outstanding common share purchase warrants. The term of the 420,000 warrants expiring on January 10, 2009 and the 4,380,000 warrants expiring on May 7, 2009, both having exercise prices of $0.50 per common share, and the 6,420,750 warrants expiring June 29, 2009, having an exercise price of $1.30 per common share, have been extended to May 30, 2010. The extension of the terms of these warrants have been approved by the TSX Venture Exchange. For further information on the original issuance of the warrants, please refer to the press releases of Mexican Silver dated January 10, 2007, May 8, 2007 and July 3, 2007 filed on SEDAR.

06 Jan

Barrick Gold Corporation Fourth Quarter 2008 Results Release, Conference Call and Webcast

TORONTO, ONTARIO–(Marketwire - Jan. 6, 2009) - Barrick Gold Corporation (NYSE:ABX)(TSX:ABX) -

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Fourth Quarter Results Release February 20th before market open

Conference Call and Webcast February 20th 9:30 am ET

North American callers dial: 800-920-0677

International callers dial: 212-231-2900

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A live webcast of the Conference Call will be accessible on Barrick’s website
at www.barrick.com.

The Conference Call will be available for replay until March 6, 2009 by calling 800-633-8284 for North American callers and 402-977-9140 for International callers, Reservation #21410852.

06 Jan

Northern Superior Discovers New Gold Showing, Gold-Bearing Ductile Shear Zones at Ti-pa-haa-kaa-ning Gold Project

TORONTO, ONTARIO–(Marketwire - Jan. 6, 2009) - Northern Superior Resources Inc. (”Northern Superior” or the “Company”) (TSX VENTURE:SUP) today announced the discovery of a new gold showing and several gold-bearing ductile shear zones at the head of the gold grain-in-till dispersal apron in the Big Dam area of the Company’s 50%-owned Ti-pa-haa-kaa-ning project in Northwestern Ontario. The new gold showing, discovered from work completed during the summer drill program, consisted of several separate quartz-veins hosted by granodorite that returned 3.34 g/t Au and 8.9 g/t Au, both over 0.34 metres. Additionally, gold-bearing ductile shear zones were intersected during Northern Superior’s 2008 Fall drill program. As part of the Fall program, a total of 33 diamond drill holes (6,086 meters) were drilled, 25 holes (3,925 meters) completed over the easternmost, or Ti-pa-haa-kaa-ning (Rowlandson Lake), area of the property and eight (2,161 meters) completed at the head of the gold grain-in-ti

06 Jan

Northern Continental Announces Closing of Private Placement

VANCOUVER, BRITISH COLUMBIA–(Marketwire - Jan. 6, 2009) - Northern Continental Resources Inc. (”Northern Continental”) (TSX VENTURE:NCR) has closed a non-brokered private placement of $305,500 through the sale of 3,055,000 units at $0.10 per unit. Each unit consisted of one flow-through common share and one half of a non flow-through share purchase warrant, with each full warrant entitling the holder to purchase one additional common share at a price of $0.15 cents until January 6, 2011.

In connection with the closing of this private placement, Northern Continental has issued finder’s fees in the amount of $16,485 in cash and 21,000 finders’ units, each consisting of one non flow-through common share and one half of one common share purchase warrant, with each warrant entitling the holder to purchase one additional common share at a price of $0.15 cents until January 6, 2011.

06 Jan

TSX Venture Exchange Closing Summary for January 6, 2009

VANCOUVER, BRITISH COLUMBIA–(Marketwire - Jan. 6, 2009) -

The following report is available on tsx.com at the following web page:
http://www.tsx.com/en/news_events/media_kit.html

TSX Venture Exchange Closing Summary for January 6, 2009

Trading was very heavy on a volume of 197.2 million shares worth 42.3 million dollars.

There were 431 advances, 241 declines and 473 issues unchanged.

The S&P/TSX Venture Composite Index closed up 38.62 at 913.11

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Most Active Issues by Volume

06 Jan

Solara Announces Recent and Planned Activities

CALGARY, ALBERTA–(Marketwire - Jan. 6, 2009) - Solara Exploration Ltd. (”Solara” or the “Company”) (TSX VENTURE:SAA.A) (TSX VENTURE:SAA.B) is pleased to announce that it is currently tieing-in an operated natural gas well for production in the Provost area of Alberta. The Company previously announced the initial test well results of the well on November 19, 2008. The well is expected to initially add approximately 40 BOE/d of net production. Solara has plans to drill an additional well on the section which has potential for gas in two other zones based on management’s assessment of drilling and geophysical data. Solara is currently optimizing several of its operated oil wells on the Sounding Lake Project in eastern Alberta with the objective of enhancing daily production. The Company also has plans to drill two development wells on its operated projects in the Dewberry and Youngstown areas of Alberta.

06 Jan

West Hawk Company Update

DENVER, COLORADO–(Marketwire - Jan. 6, 2009) - West Hawk Development Corp. (TSX VENTURE:WHD) (the “Company”) would like to announce that it is acting on a restructuring plan as agreed upon by the Company’s Board of Directors (the “Board”). The Board has decided to preserve cash through a substantial downsizing of the Company’s staff and offices. The Company will remain focused on the Groundhog coal project in British Columbia, Canada, the West Hawk Energy (U.S.A.), LLC, Chapter 11 restructuring and the Demand for Arbitration and the action filed against EnCana.

06 Jan

TSX Venture Exchange Daily Bulletins for January 6, 2009

VANCOUVER, BRITISH COLUMBIA–(Marketwire - Jan. 6, 2009) -

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TSX VENTURE COMPANIES

BLUE PARROT ENERGY INC. (”BPA”)
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: January 6, 2009
TSX Venture Tier 1 Company

TSX Venture Exchange has accepted for filing the Company’s proposal to
issue 4,940,000 shares to settle outstanding debt for $247,000.

Number of Creditors: 2 Creditors

Insider / Pro Group Participation:

Insider equals Y / Amount Deemed Price
Creditor Progroup equals P Owing per Share # of Shares
W

06 Jan

IIROC: Resume, Schwabo Capital Corporation and Freeport Capital Inc.

VANCOUVER, BRITISH COLUMBIA–(Marketwire - Jan. 6, 2009) - The following issue(s) will resume trading on the TSXV:

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Company: Schwabo Capital Corporation
TSXV Symbol: SBO.P
Resumption Time: January 7, 2008
9:30AM EDT

Company: Freeport Capital Inc.
TSXV Symbol: F.H
Resumption Time: January 7, 2008
9:30AM EDT

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