Latest Teras Resources Inc (TRARF) Headlines
Consolidated Goldfields Announces Share Exchange Agreement
Business Wire - Mon Feb 24, 7:00PM CST
Consolidated Goldfields Corporation ("Consolidated" or the "Company") (OTCQX: CDGF) announced that it entered into an agreement with John A. Swallow and Erin A. Swallow, shareholders of the Company (the "Holders"), on February 3, 2014 to acquire 1,075,000 shares of the common stock of the Company held by the Holders in exchange for 537,500 common shares of Teras Resources, Inc. held by the Company. The Company completed the final steps for consummating the transaction on February 19, 2014. The agreement also contained provisions relating to the voting of any remaining shares of the Company's common stock owned or controlled by the Holders in accordance with the recommendations of the Company's board of directors at the Company's 2014 annual meeting of shareholders and releases related to disagreements between the Company and the Holders over the strategic direction and management of the Company.
Teras Provides Update
ACCESSWIRE - Mon Feb 24, 7:42AM CST
Teras Resources Inc. ("Teras" or the "Company") (TRA.V): On February 21, 2014, the Alberta Securities Commission (the "ASC") released a copy of the settlement agreement it has entered into with Kris Sundell. The investigation itself was into Mr. Sundell and Strategic Capital International Inc. ("Strategic") and revolved around the trading of Teras shares in an account that was wholly-owned by Strategic and controlled by Mr. Sundell. Mr. Sundell was the sole director, shareholder and representative of Strategic. Mr. Sundell and Strategic were consultants to Teras at the time of the trading. Teras and its President and CEO, Peter Leger, fully cooperated with the ASC in its investigation of Mr. Sundell and Strategic, and, despite some untrue statements obviously made by Mr. Sundell to the ASC, neither Teras nor Mr. Leger were ever aware of the trading that was taking place, nor did Mr. Leger influence or direct such trading in any manner.
ASC settles with former investment adviser Kris Sundell
CNW Group - Fri Feb 21, 5:26PM CST
The Alberta Securities Commission (ASC) has concluded a Settlement Agreement (the Agreement) with Kris Sundell (Sundell) for breaches of Alberta securities laws relating to market manipulation. In the Agreement, Sundell admitted that he engaged in a course of conduct relating to the securities of Teras Resources Inc. (Teras) that he knew or reasonably ought to have known resulted in a false and misleading appearance of trading activity and in an artificial price.
Teras Provides Update for the Cahuilla Gold / Silver Project
ACCESSWIRE - Fri Feb 14, 7:35AM CST
Teras Resources Inc. ("Teras" or the "Company") (TRA.V - News): announces that the Company has engaged National Drilling Company to continue development of its Cahuilla project in Imperial County, California. National will initiate mobilization of an Atlas-Capco CS14 core drill this week to begin testing one of the linear west-northwest trending, high grade precious metal zones as reported in the January 14th, 2014 press release. Teras anticipates that the diamond drill will begin operations this weekend once all of the equipment has been mobilized to the project site.
Consolidated Goldfields resets 2014 annual meeting record date and share exchange agreement
M2 - Mon Feb 03, 6:32AM CST
Consolidated Goldfields Corporation (OTCQX:CDGF), a provider of copper and gold mining and production services, stated on Friday that it has reset the record date for the annual meeting to 10 February 2014, associated with its 2014 annual shareholders' meeting. All other dates remain unchanged.
Consolidated Goldfields Announces Updated Record Date for 2014 Annual Meeting and Share Exchange Agreement
Business Wire - Fri Jan 31, 5:35PM CST
Consolidated Goldfields Corporation ("Consolidated" or the "Company") (OTCQX: CDGF) announced that in connection with its 2014 Annual Meeting of Shareholders (the "Annual Meeting"), it has reset the record date for the Annual Meeting to Monday, February 10, 2014. The date of the Annual Meeting and the date of Public Announcement for the Annual Meeting have not changed.
Teras Schedules Core Drilling Program at Cahuilla Based on New Geologic Information
ACCESSWIRE - Tue Jan 14, 7:32AM CST
Teras Resources Inc. ("Teras" or the "Company") (TRA.V - News): is pleased to announce that development drilling will commence in February 2014 at the Cahuilla gold-silver project in Imperial County, California. As reported in the December 2013 press release, the new technical information obtained from the four deep core holes completed in the recent drill program has proven to be invaluable with respect to understanding the geology of the higher grade gold-silver veins.
Teras Receives Remaining Drill Results From Its 2013 Drilling Program Including 3.1m of 12.76 g/t Gold
Marketwire - Thu Dec 12, 8:03AM CST
Teras Resources Inc. ("Teras" or the "Company") (TSX VENTURE: TRA)(OTCQX: TRARF) announces the receipt of final assay results from its recent core and reverse circulation drill program at the Cahuilla gold-silver project in Imperial County, California. The results include the remaining two deep core holes situated in the main resource area and two reverse circulation drill holes located in the northeast project area outside of the existing resource. The most important findings from this drill program include the new geologic information derived from the four deeper core holes. This new data has advanced our understanding of the higher grade gold-silver veins, which we believe will lead to enhancing the grade and expanding the size of the precious metal resources at Cahuilla.
Teras Receives Results From the Second Core Hole at Cahuilla Including 3.1m of 10.27 g/t Gold
Marketwire - Thu Nov 21, 7:30AM CST
Teras Resources Inc. ("Teras" or the "Company") (TSX VENTURE: TRA)(OTCQX: TRARF) announces assay results from the second deep core hole along with four reverse circulation drill holes completed in the northeast project area at the Cahuilla gold-silver project in Imperial County, California. The second deep core hole, CAH-304, was drilled approximately 200m northeast of CAH-303, the first diamond drill hole, to continue testing a pronounced geophysical and structural target that occurs within the main resource area.
Consolidated Goldfields Announces That Teras Resources' Cahuilla Project Encounters 0.9m of 31.20 Gold and 1.8m of 373.6 g/t Silver with Anomalous Mineralization to Depths of 417.9 Meters
Business Wire - Wed Nov 20, 8:30AM CST
Consolidated Goldfields Corp. ("Consolidated" or the "Company") (OTCQX:CDGF) is pleased to announce that Teras Resources has received assay results for the first deep core hole along with five reverse circulation drill holes completed in the northeast project area at the Cahuilla gold-silver project in Imperial County, Calif. This drill campaign represents the first phase of our current reverse circulation and deep core program at Cahuilla, with the primary objective of reinforcing and validating our confidence that the precious metal-rich epithermal system continues at depth. Consolidated owns more than 20% of Teras Resources issued and outstanding stock.
Teras Receives Results From the First Deep Core Hole at Cahuilla Including 0.9m of 31.20 g/t Gold and 1.8m of 373.6 g/t Silver With Anomalous Mineralization to Depths of 417.9 Meters
Marketwire - Wed Nov 13, 7:31AM CST
Teras Resources Inc. ("Teras" or the "Company") (TSX VENTURE: TRA)(OTCQX: TRARF) is pleased to announce that assay results have been received for the first deep core hole along with five reverse circulation drill holes completed in the northeast project area at the Cahuilla gold-silver project in Imperial County, California. This drill campaign represents the first phase of our current reverse circulation and deep core program at Cahuilla with the primary objective of reinforcing and validating our confidence that the precious metal-rich epithermal system continues at depth.
Teras Provides Drill Program Update for Its Cahuilla Gold/Silver Project
Marketwire - Tue Nov 05, 10:28AM CST
Teras Resources Inc. ("Teras" or the "Company") (TSX VENTURE: TRA) (OTCQX: TRARF) (News): Teras is pleased to report that the Company has finished the first phase of its reverse circulation and deep core drill campaign at the Cahuilla project in Imperial County, California. A total of 1,348 m (4,422') of core and 2,932 m (9,620') of reverse circulation drilling have been completed during this initial phase, which is comprised of four deeper, pre-collared diamond drill and eleven reverse circulation holes.
Consolidated Goldfields Announces Approval of the Formation of a Trust to Facilitate Cash Distributions to Shareholders
Business Wire - Tue Oct 22, 8:30AM CDT
Consolidated Goldfields Corporation ("Consolidated" or the "Company") (OTCQX: CDGF) would like to announce that its board of directors has approved the creation of a trust (the "Trust") for the purpose of holding three million of the common shares (the "Teras Shares") of Teras Resources Inc. ("Teras") currently held by the Company. The sole purpose of the Trust will be to liquidate the Teras Shares and distribute the cash proceeds of the liquidation from time to time to record holders of common stock of Consolidated as of the close of business on December 16, 2013 (the "Record Holders"). No holders of Consolidated common stock other than the Record Holders will be entitled to any distributions from the Trust. The Trust will have no objective to continue or engage in the conduct of a trade or business.
Teras Receives Over $2.6 Million Dollars in Exercised Warrants
Marketwire - Thu Oct 17, 8:03AM CDT
Teras Resources Inc. ("Teras" or the "Company") (TSX VENTURE: TRA)(OTCQX: TRARF): Teras is pleased to report the final deposit of $2,613,996 received from the exercise of outstanding warrants. In October 2010 the company completed a financing whereby it issued 5,666,666 units at $0.30 which included a warrant to purchase one common share for a price of $0.55 with an expiry date of October 15th, 2013. The company is pleased to announce that the balance of the outstanding warrants have been exercised and the company has received full payment.
Teras Provides Drill Program Update and Expects Assay Results in the Near Term From Its Cahuilla Gold/Silver Project
Marketwire - Wed Oct 09, 7:31AM CDT
Teras Resources Inc. ("Teras" or the "Company") (TSX VENTURE: TRA)(OTCQX: TRARF): Teras is pleased to report that the Company continues to be very encouraged by the excellent progress of its reverse circulation and deep diamond core drill program at the Cahuilla project in Imperial County, California. We eagerly await the assay results which are anticipated to become available within approximately the next two weeks and will issue a news release announcing the results at such time.
Consolidated Goldfields Announces Share Exchange Agreement
Business Wire - Mon Feb 24, 7:00PM CST
Consolidated Goldfields Corporation ("Consolidated" or the "Company") (OTCQX: CDGF) announced that it entered into an agreement with John A. Swallow and Erin A. Swallow, shareholders of the Company (the "Holders"), on February 3, 2014 to acquire 1,075,000 shares of the common stock of the Company held by the Holders in exchange for 537,500 common shares of Teras Resources, Inc. held by the Company. The Company completed the final steps for consummating the transaction on February 19, 2014. The agreement also contained provisions relating to the voting of any remaining shares of the Company's common stock owned or controlled by the Holders in accordance with the recommendations of the Company's board of directors at the Company's 2014 annual meeting of shareholders and releases related to disagreements between the Company and the Holders over the strategic direction and management of the Company.
Teras Provides Update
ACCESSWIRE - Mon Feb 24, 7:42AM CST
Teras Resources Inc. ("Teras" or the "Company") (TRA.V): On February 21, 2014, the Alberta Securities Commission (the "ASC") released a copy of the settlement agreement it has entered into with Kris Sundell. The investigation itself was into Mr. Sundell and Strategic Capital International Inc. ("Strategic") and revolved around the trading of Teras shares in an account that was wholly-owned by Strategic and controlled by Mr. Sundell. Mr. Sundell was the sole director, shareholder and representative of Strategic. Mr. Sundell and Strategic were consultants to Teras at the time of the trading. Teras and its President and CEO, Peter Leger, fully cooperated with the ASC in its investigation of Mr. Sundell and Strategic, and, despite some untrue statements obviously made by Mr. Sundell to the ASC, neither Teras nor Mr. Leger were ever aware of the trading that was taking place, nor did Mr. Leger influence or direct such trading in any manner.
ASC settles with former investment adviser Kris Sundell
CNW Group - Fri Feb 21, 5:26PM CST
The Alberta Securities Commission (ASC) has concluded a Settlement Agreement (the Agreement) with Kris Sundell (Sundell) for breaches of Alberta securities laws relating to market manipulation. In the Agreement, Sundell admitted that he engaged in a course of conduct relating to the securities of Teras Resources Inc. (Teras) that he knew or reasonably ought to have known resulted in a false and misleading appearance of trading activity and in an artificial price.
Teras Provides Update for the Cahuilla Gold / Silver Project
ACCESSWIRE - Fri Feb 14, 7:35AM CST
Teras Resources Inc. ("Teras" or the "Company") (TRA.V - News): announces that the Company has engaged National Drilling Company to continue development of its Cahuilla project in Imperial County, California. National will initiate mobilization of an Atlas-Capco CS14 core drill this week to begin testing one of the linear west-northwest trending, high grade precious metal zones as reported in the January 14th, 2014 press release. Teras anticipates that the diamond drill will begin operations this weekend once all of the equipment has been mobilized to the project site.
Consolidated Goldfields resets 2014 annual meeting record date and share exchange agreement
M2 - Mon Feb 03, 6:32AM CST
Consolidated Goldfields Corporation (OTCQX:CDGF), a provider of copper and gold mining and production services, stated on Friday that it has reset the record date for the annual meeting to 10 February 2014, associated with its 2014 annual shareholders' meeting. All other dates remain unchanged.
Consolidated Goldfields Announces Updated Record Date for 2014 Annual Meeting and Share Exchange Agreement
Business Wire - Fri Jan 31, 5:35PM CST
Consolidated Goldfields Corporation ("Consolidated" or the "Company") (OTCQX: CDGF) announced that in connection with its 2014 Annual Meeting of Shareholders (the "Annual Meeting"), it has reset the record date for the Annual Meeting to Monday, February 10, 2014. The date of the Annual Meeting and the date of Public Announcement for the Annual Meeting have not changed.
Teras Schedules Core Drilling Program at Cahuilla Based on New Geologic Information
ACCESSWIRE - Tue Jan 14, 7:32AM CST
Teras Resources Inc. ("Teras" or the "Company") (TRA.V - News): is pleased to announce that development drilling will commence in February 2014 at the Cahuilla gold-silver project in Imperial County, California. As reported in the December 2013 press release, the new technical information obtained from the four deep core holes completed in the recent drill program has proven to be invaluable with respect to understanding the geology of the higher grade gold-silver veins.
Teras Receives Remaining Drill Results From Its 2013 Drilling Program Including 3.1m of 12.76 g/t Gold
Marketwire - Thu Dec 12, 8:03AM CST
Teras Resources Inc. ("Teras" or the "Company") (TSX VENTURE: TRA)(OTCQX: TRARF) announces the receipt of final assay results from its recent core and reverse circulation drill program at the Cahuilla gold-silver project in Imperial County, California. The results include the remaining two deep core holes situated in the main resource area and two reverse circulation drill holes located in the northeast project area outside of the existing resource. The most important findings from this drill program include the new geologic information derived from the four deeper core holes. This new data has advanced our understanding of the higher grade gold-silver veins, which we believe will lead to enhancing the grade and expanding the size of the precious metal resources at Cahuilla.
Teras Receives Results From the Second Core Hole at Cahuilla Including 3.1m of 10.27 g/t Gold
Marketwire - Thu Nov 21, 7:30AM CST
Teras Resources Inc. ("Teras" or the "Company") (TSX VENTURE: TRA)(OTCQX: TRARF) announces assay results from the second deep core hole along with four reverse circulation drill holes completed in the northeast project area at the Cahuilla gold-silver project in Imperial County, California. The second deep core hole, CAH-304, was drilled approximately 200m northeast of CAH-303, the first diamond drill hole, to continue testing a pronounced geophysical and structural target that occurs within the main resource area.
Consolidated Goldfields Announces That Teras Resources' Cahuilla Project Encounters 0.9m of 31.20 Gold and 1.8m of 373.6 g/t Silver with Anomalous Mineralization to Depths of 417.9 Meters
Business Wire - Wed Nov 20, 8:30AM CST
Consolidated Goldfields Corp. ("Consolidated" or the "Company") (OTCQX:CDGF) is pleased to announce that Teras Resources has received assay results for the first deep core hole along with five reverse circulation drill holes completed in the northeast project area at the Cahuilla gold-silver project in Imperial County, Calif. This drill campaign represents the first phase of our current reverse circulation and deep core program at Cahuilla, with the primary objective of reinforcing and validating our confidence that the precious metal-rich epithermal system continues at depth. Consolidated owns more than 20% of Teras Resources issued and outstanding stock.
Teras Receives Results From the First Deep Core Hole at Cahuilla Including 0.9m of 31.20 g/t Gold and 1.8m of 373.6 g/t Silver With Anomalous Mineralization to Depths of 417.9 Meters
Marketwire - Wed Nov 13, 7:31AM CST
Teras Resources Inc. ("Teras" or the "Company") (TSX VENTURE: TRA)(OTCQX: TRARF) is pleased to announce that assay results have been received for the first deep core hole along with five reverse circulation drill holes completed in the northeast project area at the Cahuilla gold-silver project in Imperial County, California. This drill campaign represents the first phase of our current reverse circulation and deep core program at Cahuilla with the primary objective of reinforcing and validating our confidence that the precious metal-rich epithermal system continues at depth.
Teras Provides Drill Program Update for Its Cahuilla Gold/Silver Project
Marketwire - Tue Nov 05, 10:28AM CST
Teras Resources Inc. ("Teras" or the "Company") (TSX VENTURE: TRA) (OTCQX: TRARF) (News): Teras is pleased to report that the Company has finished the first phase of its reverse circulation and deep core drill campaign at the Cahuilla project in Imperial County, California. A total of 1,348 m (4,422') of core and 2,932 m (9,620') of reverse circulation drilling have been completed during this initial phase, which is comprised of four deeper, pre-collared diamond drill and eleven reverse circulation holes.
Consolidated Goldfields Announces Approval of the Formation of a Trust to Facilitate Cash Distributions to Shareholders
Business Wire - Tue Oct 22, 8:30AM CDT
Consolidated Goldfields Corporation ("Consolidated" or the "Company") (OTCQX: CDGF) would like to announce that its board of directors has approved the creation of a trust (the "Trust") for the purpose of holding three million of the common shares (the "Teras Shares") of Teras Resources Inc. ("Teras") currently held by the Company. The sole purpose of the Trust will be to liquidate the Teras Shares and distribute the cash proceeds of the liquidation from time to time to record holders of common stock of Consolidated as of the close of business on December 16, 2013 (the "Record Holders"). No holders of Consolidated common stock other than the Record Holders will be entitled to any distributions from the Trust. The Trust will have no objective to continue or engage in the conduct of a trade or business.
Teras Receives Over $2.6 Million Dollars in Exercised Warrants
Marketwire - Thu Oct 17, 8:03AM CDT
Teras Resources Inc. ("Teras" or the "Company") (TSX VENTURE: TRA)(OTCQX: TRARF): Teras is pleased to report the final deposit of $2,613,996 received from the exercise of outstanding warrants. In October 2010 the company completed a financing whereby it issued 5,666,666 units at $0.30 which included a warrant to purchase one common share for a price of $0.55 with an expiry date of October 15th, 2013. The company is pleased to announce that the balance of the outstanding warrants have been exercised and the company has received full payment.
Teras Provides Drill Program Update and Expects Assay Results in the Near Term From Its Cahuilla Gold/Silver Project
Marketwire - Wed Oct 09, 7:31AM CDT
Teras Resources Inc. ("Teras" or the "Company") (TSX VENTURE: TRA)(OTCQX: TRARF): Teras is pleased to report that the Company continues to be very encouraged by the excellent progress of its reverse circulation and deep diamond core drill program at the Cahuilla project in Imperial County, California. We eagerly await the assay results which are anticipated to become available within approximately the next two weeks and will issue a news release announcing the results at such time.
