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Africo Resources Enters Into Definitive Agreement with Camrose Resources

May 13, 2016 | Africo Resources (TSX:ARL) has announced that it has entered into a definitive agreement with Camrose Resources under which Africo would be taken private pursuant to a plan of the arrangement.

As quoted in the press release:
Camrose currently owns 63.66% of the Africo common shares (“Common Shares”).

Under the Plan of Arrangement, Camrose  … Read More

Katanga Mining Announces First Quarter Financial Results for 2016

May 13, 2016 | Katanga Mining (TSX:KAT) has announced its financial results for the first quarter of 2016.

As quoted in the press release:
Financial

Profitability during Q1 2016, when compared to Q4 2015 and Q1 2015, was affected by:
Quality discounts of $25.4 million on finalisation of outstanding 2015 sales resulting in negative sales amounts;
Reduced operating expenditures  … Read More