Iron – Cardero Resource Corp. (TSX:CDU,NYSE:CDY,FWB:CR5) received positive iron metallurgical test work results from its Sheini Hills Iron Project in Ghana. Cardero confirmed a highly-metallized DRI product, with a grade of 81% metallic iron at 89% iron-unit recovery.
Coal – Cardero Resource Corp. (TSX:CDU,NYSEMKT:CDY,FWB:CR5) reported that all motions for approval at its 2013 Annual General Meeting were passed, including re-election of directors and an amendment to the Articles of the Company which implements a requirement for advance notice in connection with the nomination of individuals for election as director of the Company.
Coal – Cardero Resource (TSX:CDU,NYSEMKT:CDY,FWB:CR5) successfully completed a private placement financing of Senior Secured Notes to raise net proceeds of $5,077,000 (USD 5,000,000). The Company also announced that Cardero Coal Ltd. exercised its option to acquire the shares of a private company that holds 4 coal licenses which form part of the Carbon Creek Metallurgical Coal Project.
Coal – Cardero Resource Corp. (TSX:CDU) announced that it has extended its deadline to exercise the option to acquire shares of a private company. The private company holds four licenses that form part of the Carbon Creek Metallurgical Coal Project.
Coal – Cardero Resource Corp. (TSX:CDU,NYSEMKT:CDY,FWB:CR5) thru its subsidiary, Cardero Coal Ltd., has signed a non-binding letter of intent with Conifex Timber Inc. on a proposed lease of land located within the Industrial Zone at Mackenzie, BC.
Coal – Cardero Resource Corp. (TSX:CDU,NYSEMKT:CDY,FWB:CR5) signed a letter of intent with Canadian Forest Products Ltd. for the MV Williston Transporter to transport metallurgical coal from Carbon Creek to the railhead at Mackenzie, BC in 2014. Under the LOI, the Companies will enter into two definitive agreements, being a Charter Party relating to the MV Williston Transporter and a Timber Harvesting Agreement relating to mine site logging before mine construction.
Iron – Cardero Resource Corp. (TSX:CDU,NYSE:CDY,AMEX:CDY,FWB:CR5) announced the resignation of Michael Hunter as the Chief Executive Officer, President, and Director of the Company. His resignation is effective as of March 19, 2013. Hendrik van Alphen was appointed as the new Chief Executive Officer and President of the Company.
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Coal – Cardero Resource Corp. (TSX:CDU,NYSEMKT:CDY,NYSEAMEX:CDY,FWB:CR5) closed the last tranche of its non-brokered private placement previously announced on October 31, 2012 to raise additional gross proceeds of $1,112,500.
Iron – Cardero Resource Corp. (TSX:CDU,NYSE:CDY,FWB:CR5) announced that the RCMP has decided to take no further action and close the investigation on the Company's activities in regards to the Sheini Project in Ghana.
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