F. Ross Johnson Press Releases
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Sentry Select Capital Corp. is pleased to announce the launch of Bank of Montreal Sentry Select Global Dividend Growth Notes Total Return Class, Series 1 and 2 and Bank of Montreal Sentry Select Global Dividend Growth Notes R.O.C. Class™, Series 1 and 2 (the "Notes").
The Portfolio
Bank of Montreal Sentry Select Global Dividend Growth Notes Total Return Class, Series 1 and 2 and Bank of Montreal Sentry Select Global Dividend Growth Notes R.O.C. Class™, Series 1 and 2 are Deposit Notes, issued by Bank of Montreal. The performance of the Notes is based on the return of a basket of assets comprised of a portfolio of global dividend-paying equities (the "Portfolio") and a Notional Bond Portfolio. The Portfolio will initially be comprised of 20 equally weighted diversified equities and will be adjusted quarterly by the Manager in accordance with investment guidelines, strategies, criteria and restrictions described in the Information Statements.
Issue price and minim...
Premium Petroleum Corp. (PINK SHEETS: PPTL) is pleased to announce that a successful test well was drilled on the Boyne Lake Prospect to TD (total depth) of 561 meters (1,841 feet). Both the primary target "Upper Grand Rapids" zone as well as the up hole secondary target "Viking" zone were encountered and were prolific.
"Upper Grand Rapids" zone: Management was anticipating that the primary target "Upper Grand Rapids" zone would contain natural gas reserves, similar to nearby wells. This zone was perforated, and gas was absent so a temporary cap was placed on the well. After 5 or 6 days the well was checked again, and much to the delight of management, an approximate 250 meters (800 foot) head of oil was present in the well bore - evidence that we had encountered OIL SANDS, but even more significant, FLOWING OIL SANDS. In accordance with Alberta Energy's designation, our project is categorized OIL SANDS; located in the Cold Lake Oil Sands district.
The significance of FLOWING O...
Nevada Copper Corp. (TSX VENTURE: NCU)(FRANKFURT: ZYT) ("Nevada Copper") is pleased to announce the results of a step-out hole drilled to the northeast of the high-grade East copper deposit at its 100% owned Pumpkin Hollow Property in Nevada.
Drill Hole NC07-05 intersected a major high grade zone that extends the northeastern portion of the East deposit, which remains open to expansion. Only two holes have previously been drilled northeast of this portion of the East deposit, and these are over 200 meters from NC07-05 and they are 200 meters apart. NC07-05 indicates that copper grades are increasing to the Northeast. The data suggests that the high grade mineralization may trend between the historic drill holes.
NC07-05 encounte...
Garda World Security Corporation (TSX: GW), one of the most trusted consulting, investigation and security firms in the world, announced today it has signed a contract with the Canada Border Services Agency.
Garda will provide physical security services for Agency operations during the application process for immigrants awaiting Canadian citizenship status. The value of the contract totals over $9.9 million for at least a two-year period.
Garda also provides security services for the Canadian Air Transport Security Authority (CATSA), for passenger and baggage screening operations at 28 airports across Canada.
"Over the past years, we have provided security services to the Federal government which enabled us develop a strong expertise and a proven track record," commented Luc Dupont, Vice President, Business Development at Garda. "Garda feels privileged to p...
Aastra Technologies Limited - (TSX: AAH) ("Aastra" or the "Corporation") today announced the implementation of a Shareholder Rights Plan (the "Rights Plan"). Aastra has no knowledge of any take-over bid, or any intended take-over bid, from any person and the Rights Plan does not in any way alter the financial condition of Aastra or its current business plans.
The Rights Plan is designed to ensure fair treatment of the shareholders of Aastra in any transaction involving a take-over bid, and its primary objective is to provide the Board of Directors of Aastra sufficient time to explore and develop alternatives for maximizing shareholder value if a take-over bid is made to the Corporation and to provide every shareholder an equal opportunity to participate in such a bid.
The Rights Plan is effective immediately subject to approval by the Corporation's shareholder...
Kinross Gold Corporation (TSX: K)(NYSE: KGC) ("Kinross" or the "Company") completed the acquisition of Bema Gold Corporation ("Bema") on February 27, 2007. The Company is pleased to provide an update to its previously released 2007 guidance to include the assets acquired in the transaction. Kinross now expects to produce approximately 1.65 million gold equivalent ounces at a cost of sales in the range of $330 - $340 per ounce in 2007 compared to the previously disclosed 1.5 million ounces of gold equivalent at cost of sales of $320 - $330 per ounce. Kinross gold reserves are now 45.3 million ounces compared with the December 31, 2006 gold reserves reported previously of 27.9 million ounces. Also, silver reserves are now 69.5 million ounces and copper ...
Sandvine (TSX: SVC)(AIM: SAND), a leading provider of intelligent broadband network solutions for DSL, FTTH, cable, and wireless carriers, grew first quarter 2007 revenue to $15.4 million, 121% higher than $6.9 million in Q1 2006, and grew fully diluted earnings per share to $0.045 from $(0.002) in Q1 2006. The record results were driven by strong sales in the quarter and increased gross margins due to higher follow-on software sales in Q1 2007 from the Company's existing customers. All figures are in Canadian dollars unless otherwise noted.
"While we are pleased to report strong earnings to our shareholders, Sandvine is still primarily focused on making increased investments with the goals of gaining market share and building on our technology ...
Lundin Mining Corporation (TSX: LUN)(AMEX: LMC)(SSE: LUMI) (Lundin Mining) and Tenke Mining Corp. (TSX: TNK) ("Tenke") announced today that they have entered into a definitive agreement to combine the two companies to form a leading intermediate base metals company with a global portfolio of world-class production, development and exploration assets.
The transaction will be completed by way of a Plan of Arrangement (the "Arrangement"). At closing, all Tenke common shares will be automatically exchanged on the...
CN said today management officers are ready to perform the work of striking United Transportation Union (UTU) employees in Canada who engage in rotating labour action against the company.
CN announced its contingency plan following UTU members' rejection of a tentative one-year settlement agreement with the company. The UTU leadership informed the company last week that it planned to launch renewed strike action against CN, including rotating strikes, if the membership failed to ratify the agreement.
UTU members in Canada have been on strike at CN since Feb. 10, 2007, but suspended strike action and returned to work during the ratification process for the tentative settlement, which was signed by the company and union on Feb. 24. The UTU represents 2,800 conductors and yard service employees at CN in Canada.
E. Hunter Harrison, president and chief executive officer, said: "CN is disappointed with the contract rejection announced today by the UTU. We believe the settlement w...
Entree Gold Inc. (TSX: ETG)(AMEX: EGI)(FRANKFURT: EKA) ("Entree" or the "Company") learned today that Ivanhoe Mines Ltd. (TSX: IVN)(NYSE: IVN)(NASDAQ: IVN) ("Ivanhoe") and its strategic partner, Rio Tinto (NYSE: F. Ross Johnson
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