Coal
Cardero Resource Corp. (TSX:CDU) announced that it has extended its deadline to exercise the option to acquire shares of a private company. The private company holds four licenses that form part of the Carbon Creek Metallurgical Coal Project.
Fortune Minerals Limited (TSX:FT) announced its acknowledgement of the BC Government’s decision to restrict petroleum and natural gas development in the Klappan area of northwest BC. The Company reported that coal will remain unaffected by this decision.
Westcore Energy Ltd. (TSXV:WTR) announced that it has commenced a new six well drill program at the Riverside oil and gas property. The property is owned by Allstar Energy Limited, a subsidiary of 49 North Resources Inc. The Company anticipates the program to be completed by the end of December.
Fortune Minerals Limited (TSX:FT) announced the appointment of Mike Romaniuk as the Company’s new Vice President of Operations. Mr.Romaniuk will be based in the Company’s head office in London.
Westcore Energy Ltd. (TSXV:WTR) announced that it has completed the initial resource evaluation at its Black Diamond coal property. The resource evaluation was completed as a result of the first four drill programs at the property. The evaluation was carried out and completed by Heartstone Consulting Ltd.
Prophecy Coal Corp.(TSX:PCY) announced three new appointments to its team in Mongolia.
Cardero Resource Corp. (TSX:CDU) announced an increase in the amount of its previously announced private placement. The private placement, announced on October 23, 2012 will now consist of 22,500,000 common shares at a price of 0.55 CAD per share. The gross proceeds from the placement will be used for work on the Carbon Creek coal project and payments on the Sheini Hills Iron ore project.
Westcore Energy Ltd. (TSXV:WTR) announced that it has completed an initial coal resource evaluation for the Panther coal property. The evaluation was completed after the first two drill programs at the property.
Prophecy Coal Corp. (TSX:PCY) announced that it hopes to extend the expiry dates of its 2012 warrants by three years. The Company also wants to reprice the warrants to $0.18. Both changes are subject to the approval of the Toronto Stock Exchange.
Fortune Minerals Limited (TSX:FT) announced the results from an updated Definitive Feasibility Study carried out at its Arctos Anthracite project in conjunction with POSCO Canada Ltd. POSCO holds a 20% interest in the property.
