AbitibiBowater Inc., doing business as Resolute Forest Products has reduced the minimum tender condition of its offer to acquire all of the issued and outstanding shares of Fibrek Inc and extended its offer to April 11. Fibrek, which rose 5 per cent on Friday, urged shareholders to continue to not take any action with respect to their shares in order to benefit from the superior $1.30 Mercer offer.
Great Canadian Gaming Corporation announced that it has received notice from the Ontario Lottery and Gaming Corporation that the OLG will terminate the site holder agreements with the company's Georgian Downs Ltd. and Flamboro Downs Ltd. subsidiaries effective March 31, 2013.
Claude Resources Inc. , which rose nearly 2 per cent on Friday in moving further away from a year low $1.03, said net profit for 2011 was $9.5-million or $0.06 per share compared to $10.3-million or $0.08 per share, for 2010.
GoGold Resources Inc. announced that it has entered into a letter agreement with Absolute Gold Holdings Incorporated effective March 30, 2012, relating to a transaction that will see GoGold acquiring all of the issued and outstanding common shares of Absolute in exchange for the issuance of 0.81 of a common share of GoGold by way of a share exchange, merger, amalgamation, arrangement, share purchase or other similar form of transaction.
Goldgroup Mining Inc. , which gained 4.5 per cent in moving away from year lows on Friday, reported a full year net loss of $16.96-million (U.S.) or 15 cents per share basic and diluted compared to a net loss of $13.22-million or 16 cents per share in the year earlier period.
IC Potash Corp. announced that Yara International ASA has agreed to make a strategic investment of approximately $40-million in ICP at a price of $1.32 per common share and has entered into a committed off-take agreement for the purchase of 30 per cent of all products produced by ICP's Ochoa project in New Mexico for a period of 15 years. ICP and Yara have also agreed to discuss the possibility of establishing a jointly held entity for the purpose of marketing products produced by the Ochoa project.
Western Wind Energy Corp. recorded a net loss for the year ended Dec. 31, 2011 of $4.9-million (U.S.) compared to net income of $568,783 for the year ended Dec. 31, 2010. Basic and diluted loss per share was $(0.08) for the year ended Dec. 31, 2011 compared to earnings of $0.01 per share for the year ended Dec. 31, 2010.
Talon Metals Corp , which fell 7 per cent and touched a year low 36 cents on Friday, reported a net loss from continuing operations in the fourth-quarter of $2-million or $0.02 per share basic and diluted compared to net income of $1.4-million or $0.02 per share basic and diluted a year earlier.
Marathon Gold Corporation , which slipped 2.5 per cent and closer to a year low 69 cents on Friday, reported a fourth-quarter loss of $795,825 compared to a loss of $1.22-million a year earlier.