Welcome To The Lion Energy Corp, formally Raytec Metals Corp. HUB On AGORACOM

Edit this title from the Fast Facts Section

Free
AGORACOM NEWS FLASH

Dear Agoracom Family,

I want to thank all of you for your patience with us over the past 48 hours and apologize for what was admittedly a botched launch of our new site.

As you can see, we have reverted back to the previous version of the site while we address multiple forum functionality flaws that inexplicably made their way into the launch.

To this end:

1.We have identified 8 fundamental but easily fixable flaws that will be corrected in the coming week, so that you can continue to use the forums exactly as you've been accustomed to.

2.Additionally we will also be implementing a couple of design improvements to "tighten up" the look and feel of the forums.

Sincerely,

George et al

Message: Raytec Increases Ownership in Sulphur Solutions

Raytec Increases Ownership in Sulphur Solutions

posted on Apr 30, 2009 06:04AM
April 30, 2009
Raytec Increases Ownership in Sulphur Solutions
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 30, 2009) - Raytec Metals Corp. (the "Company "or "Raytec") (TSX VENTURE:RAY) announces that it has increased its stake to 20% of the issued and outstanding Common Shares in Sulphur Solutions Inc. ("SSI"), a privately held company based in Calgary, Alberta. The original agreement with SSI provided Raytec with a right of first refusal to participate in future SSI financings. Raytec has been encouraged by SSI's recent progress towards production and has elected to exercise its right by making an additional investment of $740,000.

SSI, a fertilizer company developing state-of-the-art patented technology for the production of micronized sulphur fertilizer, has moved closer to production by signing a Letter of Intent with a mid-stream gas producer which operates a permitted site that includes an accessible sulphur supply. When completed this agreement will allow SSI to take advantage of existing permits for sulphur storage and handling, as well as reduced operating costs associated with transportation to off-site processing facilities. SSI management has also identified prospective customers (domestic and international) and is presently in the process of negotiating off-take agreements for SSI's anticipated sulphur fertilizer production.

About Raytec:

Raytec Metals Corp. is a well-financed Canadian exploration company focused on the acquisition of near-term precious metals assets. The Company holds over 180,000 acres of potash permits in Saskatchewan, Canada - the largest producing region for potash in the world. The Company also holds a 20% interest in Sulphur Solutions Inc., an emerging fertilizer company developing state-of-the-art patented technology for the production of micronized sulphur fertilizer. The Company is further diversified with iron ore projects in Ontario, and uranium joint venture projects in the Athabasca Basin of Saskatchewan.

On behalf of the Board,

RAYTEC METALS CORP.

Brian Thurston, President and CEO
Share
New Message
Please login to post a reply