AGORACOM News Flash

AGORACOM Wire - Wednesday February 15th, 2012

Breaking News ....

Lomiko (LMR: TSX-V) to Complete 43-101 Report on Previous Drilling at the Quatre Milles Graphite Property *CLIENT* Read More

Top Sector Stories ....

Strike Graphite Corp. (TSXV:SRK) Acquires Wagon Graphite Project in Quebec in Vicinity of Timcal's Lac des Iles Graphite Mine *CLIENT* Read More | Profile

Strike Graphite goes "Beyond the Press Release"

McLaren Resources (CNSX:MCL) Drills 7.0 Grams Gold Over 7.4 Metres at the TimGinn Property Located Adjacent to the Hollinger Mine *CLIENT* Read More | Watch Beyond the Press Release

DONNER METALS INTERVIEW: David Patterson Discusses the Bracemac-McLeod Mine Development Beyond the Press Release

AGORACOM Launches GraphiteStocksBlog.com

We're proud to announce the launch of GraphiteStocksBlog.com a website dedicated to the needs of investors and companies in the fast growing Graphite industry.

INAUGURAL GRAPHITE SPONSORS

Close

Message: Provides Update on US$240 Million Strategic Investment

Reply New Message

« Prev Message Back To Forum Go to Threaded View Next Message »

Clavis

Rank: [?]

President

Points: [?]

23899

Rating: [?]

Votes: 219 Score: 3.5

Currently 3.6/5 Stars.

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.

Provides Update on US$240 Million Strategic Investment

posted on May 04, 09 07:47AM

May 4, 2009

Consolidated Thompson Provides Update on US$240 Million Strategic Investment From Wuhan Iron and Steel Group

TORONTO, CANADA--(Marketwire - May 4, 2009) - Consolidated Thompson Iron Mines Limited (TSX:CLM) ("Consolidated Thompson" or the "Company") is pleased to provide this update on the previously announced strategic investment by Wuhan Iron and Steel (Group) Corporation ("WISCO"), one of China's largest steel producers, into Consolidated Thompson.

Both Consolidated Thompson and WISCO remain committed to completing the transaction as soon as possible. As closing remains subject to approval by the Chinese Government as well as approval of regulatory authorities in both countries, including the Toronto Stock Exchange, Consolidated Thompson has applied to the Toronto Stock Exchange to extend the price protection in respect of the issuance to WISCO of Consolidated Thompson common shares at a deemed price of CDN$2.00 to June 1, 2009. Consolidated Thompson and WISCO have agreed to extend the deadline to complete the transaction to June 1, 2009.

Information on Consolidated Thompson

Consolidated Thompson Iron Mines Limited is an exploration and development mining company. The Company believes that its updated positive Feasibility Study, based on the current understanding of the quality and size of the Bloom Lake deposit, reflects the potential to expand and advance the project and exploit other opportunities in the iron ore industry. The Company has approximately 155.0 million shares outstanding and trades on the TSX under the symbol CLM.

Reply New Message

« Prev Message Back To Forum Go to Threaded View Next Message »