Resource Company News Directory

International Montoro Resources Receives Drill Rig and is Set to Commence Drilling

Nickel – International Montoro Resources Inc. (TSXV:IMT) announced that Orbit Garant Drilling Services Inc. arrived Thursday at the Elliot Lake airport. Now the transportation of the drill rig and materials via helicopter to the Pecors Anomaly drill site is underway and setup to begin drilling should be completed by Saturday.

Allana Potash Enters into Arrangement Agreement with ICL

Potash – Allana Potash Corp. (TSX:AAA) announced that it has entered into a definitive arrangement agreement with Israel Chemicals Ltd. (NYSE:ICL) that will see ICL acquire, through an indirect wholly owned subsidiary, all of its outstanding common shares.The agreement provides that Allana shareholders will be entitled to received $0.50 in cash for each common share exchanged.

Tuya Obtains Final Approval for Arrangement with Colonial Coal International

Coal – Colonial Coal International Corp. (TSXV:CAD) and Tuya Energy Inc. announced that Tuya has obtained a final order of approval from the Supreme Court of BC for the arrangement that will see Colonial acquire all of the issued and outstanding common shares of Tuya. This announcement follows the approval the companies received from shareholders at meetings held on March 19, 2015.