Resource Company News Directory

Flinders to Acquire Big North Graphite

Graphite – Big North Graphite (TSXV:NRT), together with Flinders Resources Limited (TSXV:FDR) have entered a binding letter of intent whereby Flinders will acquire all issued and outstanding shares of Big North via a plan of arrangement under the Business Corporations Act of British Columbia. Big North will become a 100 percent owned subsidiary of Flinders upon completion of the arrangement.

Arianne Phosphate Reports Management Changes, Q2 Financial and Corporate Results

Potash – Arianne Phosphate (TSXV:DAN,FWB:JE9N,OTCBB:DRRSF) reports that Brian Kenny will no longer serve as CEO of Arianne, and will stay on as a consultant in order to better advance the company towards its primary milestones including permitting and securing a strategic partner. The company reports that many of Mr. Kenny's responsibilities will now fall to COO Jean-Sebastien David, while Pierre Fitzgibbon will become Executive Chairman of Arianne to support this expanded role.