TRKP News TurkPower Corporation Announces Issuance of

New Post Public Reply Private Reply Replies (0) Message Board
lucyinthesky

TRKP News

TurkPower Corporation Announces Issuance of Shares and Debt Conversion

2012-10-01 12:17 ET - News Release

 

 

 

NEW YORK , Oct. 1, 2012 /PRNewswire/ -- TurkPower Corporation ( TRKP ) (the "Company") announced today that it has issued the first tranche of shares to Ouro do Brasil Holdings ("OBH") and IMS Engenharia Mineral Ltda. ("IMS") shareholders according to the Binding Agreement signed August 14, 2012 between the Company, OBH and IMS.

The Company also announced that $2,328,661.20 of its outstanding debt has been converted into common shares at $0.10 , resulting in new issuance of common shares of 23,286,612. The Company expects more of its debt to be converted in the near future.

About TurkPower Corporation / Zinco do Brasil, Inc.

TurkPower Corporation is a publicly listed company (Ticker: TRKP) in the process of changing its name to Zinco do Brasil, Inc. The Company recently acquired 99.9% of Zinco do Brasil Mineracao Ltda., which owns 30 mineral rights for a total of 44,665 hectares in the Brazilian state of Minas Gerais. The mineral rights are split between two projects: "Salobro", which consists of 2 mining rights for an area of 1,685 hectares; and "Gorutuba" with 28 mining rights for an area of 42,980 hectares.

TurkPower has mining interests in Russia as well as a minority interest in the Kuluncak mine, an iron ore mine in Turkey formerly owned by Exxaro. TurkPower is currently in the process of evaluating its options and defining its strategy regarding its asset in Russia and Turkey .

Zinco Do Brasil Inc. (ZNBR) Stock Research Links

ZNBR Board Company Profile Buy Rating Time & Sales News Filings Financials
Scroll down for more posts ▼

Top 10 Most Recent News Articles

Orthopedic Expert Highlighting Midwest Pain Access Gaps

Updated Category News Views 5

Over in the vast sprawl of rolling plains and prairie winds, folks in the Upper Midwest are grappling with an ironic reality. As technological advancements blaze trails, people suffering from vertebrogenic pain are finding themselves up against a wall of limited access to specialized care. We’ve got Dr. James T. Brunz, the man of the hour, one of only about 15 Intracept...

Continue Reading
TWP & Commbi Unveil Exclusive Pony Clog Collaboration

Updated Category News Views 3

A Fusion of Fashion and Functionality Walk down the streets of New York or hustle your way through an airport without worrying about your footwear weighing you down. That's the promise coming from the fresh alliance between TWP and Commbi with their new Pony Clog Collaboration. A blend of high fashion and everyday utility, these clogs aren't just keeping up with the...

Continue Reading
Mutare Sharpens Security for Webex Calls with Precision

Updated Category News Views 4

Control Dialed In: Tailored Call Screening Kicking things up a notch, Mutare is redefining call security by fine-tuning their Voice Security for Webex Calling. Imagine this—custom rules now let organizations shape a security policy down to the very last detail, ensuring unwanted calls don’t slip through the cracks. Wave goodbye to the broad-strokes approach. Precision...

Continue Reading
Inovonics Duress Card Enhances Safety for K-12 and Beyond

Updated Category News Views 5

A New Dawn for Safety in Schools and More It's about time we talk about something more substantial than just beefing up security cameras or tightening door locks. Real-world problems require nimble solutions, and that's where Status Solutions steps in with the Inovonics Duress Card. It's not just another gadget; it's a lightweight, wrist-mounted lifeline designed to say,...

Continue Reading
FC2 Condom Educates NYC on Health and Wellness

Updated Category News Views 8

Union Square Becomes a Hub of Interactivity The heart of NYC pulsed with purpose as FC2 Female Condom set up shop in Union Square, using the iconic location as a stage for a different kind of celebration. Clear Future, the manufacturer behind FC2, marked Global Female Condom Day with an event unlike any other. It wasn't just about the product—it was a call to educate...

Continue Reading
Postal Connections Expands with New Hillsboro Opening

Updated Category News Views 4

Expanding Horizons in Hillsboro In the world of postal and office services, Annex Brands, Inc. is making headlines by launching yet another Postal Connections spot, this time planting its flag in the tech-centric town of Hillsboro, Oregon. Spearheaded by Jason Rautenkranz, this expansion is more than just another dot on a map—it's a strategic push into one of the...

Continue Reading
CSS Revamps Identity, Emphasizing Senior Living Tech

Updated Category News Views 4

CSS Takes a Bold Step with a Fresh Brand Identity Every now and then, you see a company shake off the old coat and put on a polished new one. That's what CSS is doing with its updated brand, staking its claim as a heavyweight tech player in the senior living sector. No small feat, given the challenges stacked against these aging communities—tasked with keeping...

Continue Reading
Perk's U.S. Expansion: A Bold Move in Spend Control

Updated Category News Views 4

Perk Aims for U.S. Growth: Will It Pay Off? Amidst the cacophony of market chatter, Perk's announcement to bring its spend platform stateside is echoing louder than usual. This move is not just another step in its expansion but rather a leap considering the competition and market needs. In Europe, where they've already captured a chunk of the market with their Travel and...

Continue Reading
MSP360 Unveils Free Proxmox Backup: A Game Changer?

Updated Category News Views 7

Backing Up: New Paths for Proxmox Users Ever get that feeling of uncovering something truly worth its weight in gold? That's what MSP360 just dropped on us, with their new backup solution for Proxmox that won’t cost you a dime upfront. They're calling it the Community Edition, and it’s not only free, but it comes with all the bells and whistles for protecting those...

Continue Reading
MasterBrand's 2027 Kitchen Trends: Embrace Warmth

Updated Category News Views 4

Wood Finishes and the Warm Embrace Alright folks, let's cut through the fluff and get to the heart of the matter: wood finishes are making a roaring comeback in 2027 kitchens. And it's not just some passing phase, we're talking a comprehensive shift toward warmer and more natural kitchen designs. MasterBrand, Inc. isn't just throwing darts at a board here. They surveyed a...

Continue Reading

Top 5 Most Recently Viewed Articles

Wall Street Analysts Revise ABM Industries Q3 Earnings Outlook

Updated Category News Views 196

Exciting Times Ahead for ABM Industries ABM Industries Incorporated (NYSE: ABM) is set to unveil its earnings results for the third quarter in the near future. Analysts are eagerly anticipating this announcement, with expectations running high. Analyst Forecasts for ABM's Earnings The consensus among experts is that ABM will report earnings of 95 cents per share, slightly...

Continue Reading
Supremex Sets Conference Call for Q4 Results Announcement

Updated Category News Views 89

Supremex Schedules Fourth Quarter Results Conference Call Supremex Inc., a respected name in North America for manufacturing and marketing envelopes, is preparing for an important event. The company will announce its results for the fourth quarter soon, scheduled for release before the markets open on a Thursday in the near future. This is an exciting time for both the...

Continue Reading
Total Play Achieves 12% EBITDA Growth in Recent Quarter

Updated Category News Views 140

Total Play Achieves 12% EBITDA Growth in Recent Quarter Total Play Telecomunicaciones, S.A.P.I. de C.V. has reported impressive financial results for the third quarter of 2024, showcasing a 12% growth in EBITDA, reaching Ps.5,390 million. This marks the highest EBITDA margin at 48%, indicating enhanced operational efficiency. Financial Performance Highlights The quarter...

Continue Reading
Understanding SS&C GlobeOp's Redemption Trends for October

Updated Category News Views 85

SS&C GlobeOp Forward Redemption Indicator Overview The SS&C GlobeOp Forward Redemption Indicator serves as a crucial metric for assessing fund performance and investor sentiment in the industry. As part of their ongoing analysis, SS&C Technologies Holdings, Inc. has reported the latest figures that illustrate shifts in redemption patterns amongst investors. Redemption...

Continue Reading
QuadReal and T5 Join Forces for Major Data Centers Expansion

Updated Category News Views 622

QuadReal Partners with T5 for Strategic Growth In a significant move pushing the data center sector forward, QuadReal Property Group and T5 Data Centers are embarking on a new journey to elevate their platform, aiming for an expansive growth strategy valued at $8.0 billion. This exciting partnership symbolizes both companies' commitment to meeting the surging demand for...

Continue Reading