Archive for March, 2010

Vantage Drilling:Fourth Quarter 2009 Results

Vantage Drilling Company (NYSE Amex: VTG.U) (NYSE Amex: VTG) (NYSE Amex: VTG.WS) announced a net loss of ($4.3) million or ($0.02) per diluted share for the three months ended December 31, 2009 as compared to net loss of ($43.5) million or ($0.57) per diluted share for the three months ended December 31, 2008.

Franconia Minerals Obtains Receipt for Final Prospectus

Franconia Minerals Corp. (TSX:FRA) reported that the company has obtained a receipt on March 11, 2010 for a final prospectus, dated March 9, 2010, qualifying the distribution of 9,400,000 common shares and 4,700,000 common share purchase warrants of the Company, issuable upon the deemed exercise of the previously issued 9,400,000 special warrants of the Company.

Franconia Minerals update

Franconia Minerals Corp. (TSX:FRA) reported that, subject to receipt of the necessary disinterested shareholder approval, the company will adjust the terms of 3,667,626 warrants issued following the brokered private placement financing that closed on April 13, 2007.

Colossus Minerals:Environmental License approved for Serra Pelada

Colossus Minerals Inc. (TSX:CSI) reported that a Preliminary Environmental License has been issued for the Serra Pelada Project held by Serra Pelada Companhia de Desenvolvimento Mineral a joint venture company controlled by Colossus and of which COOMIGASP (Cooperative de Mineração dos Garimpeiros de Serra Pelada) is the minority shareholder.

Melkior Resources updates on Drilling Eldorado

Melkior Resources Inc. (TSX VENTURE:MKR) reported that the company has begun line cutting and ground geophysical surveying on seven grids designed to cover 9 separate electromagnetic conductors on its 100% owned Eldorado nickel property.

Gold Canyon Appoints Investor Relations Consultant

Gold Canyon Resources Inc. (TSX VENTURE:GCU)(PINK SHEETS:GDCRF) reporetd that, subject to regulatory approval, it has retained the services of Leo Karabelas of Frontline Communications of Toronto, Ontario, to provide various investor relations consulting services for, and on behalf of, the Company in connection with Gold Canyon’s interactions with media, broker-dealers, securities advisors, investment funds and members of the investment community.