Bear Lake Gold LTD NEW : Aus 2 mach 1!
2012-01-31 12:33 ET - News Release
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.
Here is a sample of this item:
Mr. Francois Viens reports
BEAR LAKE GOLD ANNOUNCES CORRECTION TO OPTION PRICE
Bear Lake Gold Ltd. announced on Dec. 16, 2011, the grant of 1.32 million incentive stock options to officers and employees of the company at a price of eight cents per share. The company announces that the exercise price of these options was increased to 10 cents per share in compliance with the policies of the TSX Venture Exchange. The other terms and conditions remain the same.
Feb 2/12 | Jan 31/12 | Pinetree Capital Ltd. | Indirect Ownership | Common Shares | 10 - Acquisition in the public market | 45,000 | $0.080 |
Feb 2/12 | Jan 30/12 | Inwentash, Sheldon | Control or Direction | Common Shares | 10 - Acquisition in the public market | 235,000 | $0.080 |
Feb 1/12 | Jan 30/12 | Pinetree Capital Ltd. | Indirect Ownership | Common Shares | 10 - Acquisition in the public market | 235,000 | $0.080 |
10 535,000 0.070-0.090
§
ASK Price Range Volume Orders
0.095-0.130 189,000 8
11 741,000 0.005-0.070
§
ASK Price Range Volume Orders
0.085-0.110 205,000 7
11 786,000 0.005-0.075
§
ASK Price Range Volume Orders
0.085-0.115 227,000 8
16 410,000 0.030-0.075
§
ASK Price Range Volume Orders
0.085-0.115 254,000 13
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.
Here is a sample of this item:
Mr. Francois Viens reports
BEAR LAKE GOLD ANNOUNCES NEW SHAREHOLDER MEETING DATE AND UPDATE ON PROJECTS
Bear Lake Gold Ltd.'s board of directors has set April 16, 2012, as the new record date for its annual meeting of shareholders, which is scheduled for May 23, 2012. The previous record date of Feb. 13, 2012, and meeting date of March 28, 2012, have been cancelled. Shareholders of record as of April 16, 2012, will be entitled to vote at the meeting.
The Company currently has one drill active on its Larder project testing the resource extensions on the Bear Lake zone. Of the 15,000m drill program initiated in September 2011, 14,241m have been drilled so far: 16 holes totalling 8,318 meters have been completed at Cheminis, 6 holes totalling 4,232 meters have been completed on the Bear Lake zone, and 2 holes totalling 1,691 meters have been completed at Fernland. The objectives of the program are to test the extensions of the mineralized zone at Cheminis and Bear Lake, and investigate the Fernland area. Initial assay results were released in November 2011. Drill core is sampled at site and sent to the assay lab regularly. Due to backlog at site, many holes are in the sampling process and many assay results are still pending.
The remainder is available to Stockwatch subscribers. Click the yellow link above for a free
trial subscription.
http://www.stockwatch.com/News/...19&symbol=BLG&news_region=C
BID Orders Volume Price Range
11 291,000 0.040-0.070
§
ASK Price Range Volume Orders
0.075-0.100 57,000 14
BEAR LAKE AND GOLD FIELDS ENTER INTO AN OPTION AND JOINT VENTURE AGREEMENT TO ACQUIRE 60% OF THE LARDER LAKE GOLD PROJECT BY SPENDING $40 MILLION OVER 5 YEARS
Bear Lake Gold Ltd. has entered into an option and joint venture agreement with Gold Fields Abitibi Exploration Corp., a 100-per-cent-owned subsidiary of Gold Fields Ltd. Subject to certain conditions, Gold Fields has the option to earn an interest of up to 60% on the Company's 100%-held Bear Lake, Cheminis and Fernland properties and on the 75%-held Swansea property (the "Projects") by sole funding $40 million in exploration and development expenditures on the Projects. The Projects are part of the Company's Larder Lake gold project located in northeastern Ontario.
Gold Fields can earn an initial 51% interest by spending $25 million on the Projects over a period of 36 months, including a firm commitment of $5 million during the first 12 months. Gold Fields can earn an additional 9% interest by spending a further $15 million over a period of 24 months following the initial term. If a development decision is made, Bear Lake will have the option to finance its share of the development costs through a loan arranged by Gold Fields with it receiving an additional 5% interest in the Projects against the payment of a nominal strike price. If the Company arranges its own financing, it will retain a 40% interest in the Projects.