Cardero Resource Corp. (CDU.TO) 0.08 $CDU.TO
Cardero Withdraws from Peace River Partnership Coal Lease
CNW Group - Mon Jun 02, 11:58AM CDT
Cardero Resource Corp. ("the Company" or "Cardero"
announces that it has withdrawn from the Coal Lease (the "Lease" between the Peace River Partnership ("PRP" and Cardero Coal Ltd. ("Cardero Coal" with respect to certain freehold coal rights forming part of the Carbon Creek Project. The withdrawal from the Lease does not impact the Carbon Creek Joint Venture Agreement (the "Joint Venture" between Carbon Creek Partnership ("CCP" and Cardero Coal, which continues to be the basis for Cardero's 75% interest in the Carbon Creek coal licenses (the "Licenses".
Cardero Receives Confirmation of $3.7M Tax Refund
CNW Group - Mon Mar 03, 9:10AM CST
Cardero Resource Corp. ("Cardero" or the "Company" (TSX: CDU, OTCBB: CDYCF) announces that it has received written confirmation from the Canada Revenue Agency that the anticipated British Columbia Mineral Exploration Tax Credit ("METC", amounting to CAD $3,734,023, has been processed and should be received by Cardero Coal Ltd. shortly.
Access to Information Online Requests Expanded
Marketwire Canada - Wed Jan 15, 9:20AM CST
Treasury Board Secretariat
Cardero Announces Completion of Debt Settlements
Marketwire - Tue Dec 17, 9:25AM CST
Cardero Resource Corp. ("Cardero" or the "Company" (TSX: CDU)(OTCBB: CDYCF)(FRANKFURT: CR5) announces that it has completed debt settlements with a number of arm's length creditors. Pursuant to such settlements, on December 12, 2013, the Company settled an aggregate of $2,690,473 of outstanding trade debts in consideration of the payment, either on closing or over time, of an aggregate of $1,038,367 in cash plus the issuance of 3,219,617 common shares at a deemed price of $0.16 per share.
Gold Investment Letter New Blog Report: "Cardero Resource Corp: The Resurrection"
Marketwire - Mon Dec 16, 8:26AM CST
The Gold Investment Letter helps sophisticated investors maximize profits in mining stocks with unbiased, specific, and actionable recommendations. In today's blog update we have focused on Cardero Resources (TSX: CDU) (OTCQB: CDYCF).
Cardero's Sheini Ironstone Produces Pig Iron Grading 93.2% from Highly Metallized DRI Product
Marketwire - Tue Sep 17, 7:04AM CDT
Cardero Resource Corp. ("Cardero" or the "Company" (TSX: CDU)(NYSE MKT: CDY)(FRANKFURT: CR5) is pleased to announce that metallurgical test work has progressed to successful production of pig iron. Test work at Cardero Materials Testing Laboratory ("CMTL", a wholly owned subsidiary of the Company), previously demonstrated that a highly metallized Direct Reduced Iron ("DRI" product could be produced from Sheini Ironstone. Recent work has utilized highly metallized DRI product (+95% metallic iron) to produce a pig iron grading 93.2% iron. The results from the described metallurgical tests strongly suggest that a finely disseminated iron resource, such as Sheini Ironstone, can be successfully utilized as feedstock to a process whereby a value added iron product can be produced at low cost using inexpensive raw materials.
Cardero Provides Update on Metallurgical Coal Quality at the Carbon Creek Deposit, Northeast British Columbia
Marketwire - Thu Aug 15, 7:02AM CDT
Cardero Resource Corp. ("Cardero" or the "Company" (TSX: CDU)(NYSE MKT: CDY)(FRANKFURT: CR5) is pleased to provide an update on coal quality results from the Company's flagship Carbon Creek Metallurgical Coal deposit. Cardero has completed 42,000 metres of drilling and coal quality sampling over the past 24 months. Compilation and analysis of the extensive coal quality database has been completed. Simulated product specifications have been completed and supplied to Wood Mackenzie who completed a comprehensive benchmarking study (the "Study", examining how Carbon Creek metallurgical coal products fit into the existing global seaborne metallurgical coal market. The results of Wood Mackenzie's analysis are positive, as outlined below.
NYSE-MKT Accepts Cardero's Plan of Compliance
Marketwire - Wed Aug 14, 8:03AM CDT
Cardero Resource Corp. ("Cardero" or the "Company" (TSX: CDU)(NYSE MKT: CDY)(FRANKFURT: CR5) reports that it pursuant to the deficiency letter received from the NYSE-MKT LLC ("NYSE-MKT" or the "Exchange" on June 25, 2013 (see press release dated July 1, 2013), the Company received notice from the NYSE MKT Staff indicating that the Company is below certain of the Exchange's continued listing standards due to its financial condition becoming so impaired that it appears questionable, in the opinion of the Exchange, as to whether the Company will be able to continue operations and/or meet its obligations as they mature, as set forth in Section 1003(a)(iv) of the NYSE-MKT Company Guide. The Company was afforded the opportunity to submit a plan of compliance to the Exchange and on July 12, 2013 presented its plan to the Exchange. On August 9, 2013 the Exchange notified the Company that it accepted the Company's plan of compliance and granted the Company an extension until November 29, 2013 to regain compliance with the continued listing standards. The Company will be subject to periodic review by Exchange Staff during the extension period. Failure to make progress consistent with the plan or to regain compliance with the continued listing standards by the end of the extension period could result in the Company being delisted from the NYSE MKT LLC.
Cardero Announces USD 5.7M Secured Note Financing and Payment of Luxor Debt
Marketwire - Fri Aug 09, 7:01AM CDT
Cardero Resource Corp. ("Cardero" or the "Company" (TSX: CDU)(NYSE MKT: CDY)(FRANKFURT: CR5) announces that it has closed a USD 5,700,000 private placement of senior secured notes and has paid in full the outstanding indebtedness (the "Indebtedness" to certain affiliates of Luxor Capital Group, LP. (collectively, "Luxor", secured creditors of the Company, as demanded by Luxor on July 24, 2013.
Cardero Acknowledges Luxor Capital Group News Release
Marketwire - Thu Aug 08, 7:02AM CDT
Cardero Resource Corp. ("Cardero" or the "Company" (TSX: CDU)(NYSE MKT: CDY)(FRANKFURT: CR5) announces that it has become aware of a news release issued by Luxor Capital Group of New York on August 6, 2013 with respect to certain matters involving the Company and the planned USD 5,700,000 private placement of senior secured notes announced by the Company on August 6, 2013. The Luxor news release states that a letter was sent to the Company as set out in the news release, but no such letter was received.
Cardero Announces Financing to Fund Payment to Secured Creditors
Marketwire - Tue Aug 06, 7:03AM CDT
Cardero Resource Corp. ("Cardero" or the "Company" (TSX: CDU)(NYSE MKT: CDY)(FRANKFURT: CR5) announces that it has arranged a USD 5,700,000 private placement of senior secured notes to pay certain outstanding indebtedness (the "Indebtedness" to certain affiliates of Luxor Capital Group, LP. (collectively, "Luxor", secured creditors of the Company.
Cardero Announces Demand for Payment From Secured Creditors
Marketwire - Mon Jul 29, 7:01AM CDT
Cardero Resource Corp. ("Cardero" or the "Company" (TSX: CDU)(NYSE MKT: CDY)(FRANKFURT: CR5) announces that it has received a demand for payment of certain outstanding indebtedness (the "Indebtedness" to certain affiliates of Luxor Capital Group, LP. (collectively, "Luxor", secured creditors of the Company. Luxor are the holders of senior secured notes of the Company (the "Notes", the issuance of which was announced by the Company on April 23, 2013. Cardero Coal Ltd., the Company's wholly-owned subsidiary, was also served with a demand for payment for the Indebtedness in its capacity as guarantor in connection with Notes. The demand is in the amount of $5,668,513.90, and payment is to be on or before August 5, 2013. The default upon which the demand is based is the alleged failure by Cardero to pay legal costs in the amount of USD 48,136.91 incurred by Luxor in connection with the Notes.
Cardero Withdraws from Peace River Partnership Coal Lease
CNW Group - Mon Jun 02, 11:58AM CDT
Cardero Resource Corp. ("the Company" or "Cardero"
announces that it has withdrawn from the Coal Lease (the "Lease" between the Peace River Partnership ("PRP" and Cardero Coal Ltd. ("Cardero Coal" with respect to certain freehold coal rights forming part of the Carbon Creek Project. The withdrawal from the Lease does not impact the Carbon Creek Joint Venture Agreement (the "Joint Venture" between Carbon Creek Partnership ("CCP" and Cardero Coal, which continues to be the basis for Cardero's 75% interest in the Carbon Creek coal licenses (the "Licenses". Cardero Receives Confirmation of $3.7M Tax Refund
CNW Group - Mon Mar 03, 9:10AM CST
Cardero Resource Corp. ("Cardero" or the "Company"
(TSX: CDU, OTCBB: CDYCF) announces that it has received written confirmation from the Canada Revenue Agency that the anticipated British Columbia Mineral Exploration Tax Credit ("METC", amounting to CAD $3,734,023, has been processed and should be received by Cardero Coal Ltd. shortly. Access to Information Online Requests Expanded
Marketwire Canada - Wed Jan 15, 9:20AM CST
Treasury Board Secretariat
Cardero Announces Completion of Debt Settlements
Marketwire - Tue Dec 17, 9:25AM CST
Cardero Resource Corp. ("Cardero" or the "Company"
(TSX: CDU)(OTCBB: CDYCF)(FRANKFURT: CR5) announces that it has completed debt settlements with a number of arm's length creditors. Pursuant to such settlements, on December 12, 2013, the Company settled an aggregate of $2,690,473 of outstanding trade debts in consideration of the payment, either on closing or over time, of an aggregate of $1,038,367 in cash plus the issuance of 3,219,617 common shares at a deemed price of $0.16 per share. Gold Investment Letter New Blog Report: "Cardero Resource Corp: The Resurrection"
Marketwire - Mon Dec 16, 8:26AM CST
The Gold Investment Letter helps sophisticated investors maximize profits in mining stocks with unbiased, specific, and actionable recommendations. In today's blog update we have focused on Cardero Resources (TSX: CDU) (OTCQB: CDYCF).
Cardero's Sheini Ironstone Produces Pig Iron Grading 93.2% from Highly Metallized DRI Product
Marketwire - Tue Sep 17, 7:04AM CDT
Cardero Resource Corp. ("Cardero" or the "Company"
(TSX: CDU)(NYSE MKT: CDY)(FRANKFURT: CR5) is pleased to announce that metallurgical test work has progressed to successful production of pig iron. Test work at Cardero Materials Testing Laboratory ("CMTL", a wholly owned subsidiary of the Company), previously demonstrated that a highly metallized Direct Reduced Iron ("DRI" product could be produced from Sheini Ironstone. Recent work has utilized highly metallized DRI product (+95% metallic iron) to produce a pig iron grading 93.2% iron. The results from the described metallurgical tests strongly suggest that a finely disseminated iron resource, such as Sheini Ironstone, can be successfully utilized as feedstock to a process whereby a value added iron product can be produced at low cost using inexpensive raw materials. Cardero Provides Update on Metallurgical Coal Quality at the Carbon Creek Deposit, Northeast British Columbia
Marketwire - Thu Aug 15, 7:02AM CDT
Cardero Resource Corp. ("Cardero" or the "Company"
(TSX: CDU)(NYSE MKT: CDY)(FRANKFURT: CR5) is pleased to provide an update on coal quality results from the Company's flagship Carbon Creek Metallurgical Coal deposit. Cardero has completed 42,000 metres of drilling and coal quality sampling over the past 24 months. Compilation and analysis of the extensive coal quality database has been completed. Simulated product specifications have been completed and supplied to Wood Mackenzie who completed a comprehensive benchmarking study (the "Study", examining how Carbon Creek metallurgical coal products fit into the existing global seaborne metallurgical coal market. The results of Wood Mackenzie's analysis are positive, as outlined below. NYSE-MKT Accepts Cardero's Plan of Compliance
Marketwire - Wed Aug 14, 8:03AM CDT
Cardero Resource Corp. ("Cardero" or the "Company"
(TSX: CDU)(NYSE MKT: CDY)(FRANKFURT: CR5) reports that it pursuant to the deficiency letter received from the NYSE-MKT LLC ("NYSE-MKT" or the "Exchange" on June 25, 2013 (see press release dated July 1, 2013), the Company received notice from the NYSE MKT Staff indicating that the Company is below certain of the Exchange's continued listing standards due to its financial condition becoming so impaired that it appears questionable, in the opinion of the Exchange, as to whether the Company will be able to continue operations and/or meet its obligations as they mature, as set forth in Section 1003(a)(iv) of the NYSE-MKT Company Guide. The Company was afforded the opportunity to submit a plan of compliance to the Exchange and on July 12, 2013 presented its plan to the Exchange. On August 9, 2013 the Exchange notified the Company that it accepted the Company's plan of compliance and granted the Company an extension until November 29, 2013 to regain compliance with the continued listing standards. The Company will be subject to periodic review by Exchange Staff during the extension period. Failure to make progress consistent with the plan or to regain compliance with the continued listing standards by the end of the extension period could result in the Company being delisted from the NYSE MKT LLC. Cardero Announces USD 5.7M Secured Note Financing and Payment of Luxor Debt
Marketwire - Fri Aug 09, 7:01AM CDT
Cardero Resource Corp. ("Cardero" or the "Company"
(TSX: CDU)(NYSE MKT: CDY)(FRANKFURT: CR5) announces that it has closed a USD 5,700,000 private placement of senior secured notes and has paid in full the outstanding indebtedness (the "Indebtedness" to certain affiliates of Luxor Capital Group, LP. (collectively, "Luxor", secured creditors of the Company, as demanded by Luxor on July 24, 2013. Cardero Acknowledges Luxor Capital Group News Release
Marketwire - Thu Aug 08, 7:02AM CDT
Cardero Resource Corp. ("Cardero" or the "Company"
(TSX: CDU)(NYSE MKT: CDY)(FRANKFURT: CR5) announces that it has become aware of a news release issued by Luxor Capital Group of New York on August 6, 2013 with respect to certain matters involving the Company and the planned USD 5,700,000 private placement of senior secured notes announced by the Company on August 6, 2013. The Luxor news release states that a letter was sent to the Company as set out in the news release, but no such letter was received. Cardero Announces Financing to Fund Payment to Secured Creditors
Marketwire - Tue Aug 06, 7:03AM CDT
Cardero Resource Corp. ("Cardero" or the "Company"
(TSX: CDU)(NYSE MKT: CDY)(FRANKFURT: CR5) announces that it has arranged a USD 5,700,000 private placement of senior secured notes to pay certain outstanding indebtedness (the "Indebtedness" to certain affiliates of Luxor Capital Group, LP. (collectively, "Luxor", secured creditors of the Company. Cardero Announces Demand for Payment From Secured Creditors
Marketwire - Mon Jul 29, 7:01AM CDT
Cardero Resource Corp. ("Cardero" or the "Company"
(TSX: CDU)(NYSE MKT: CDY)(FRANKFURT: CR5) announces that it has received a demand for payment of certain outstanding indebtedness (the "Indebtedness" to certain affiliates of Luxor Capital Group, LP. (collectively, "Luxor", secured creditors of the Company. Luxor are the holders of senior secured notes of the Company (the "Notes", the issuance of which was announced by the Company on April 23, 2013. Cardero Coal Ltd., the Company's wholly-owned subsidiary, was also served with a demand for payment for the Indebtedness in its capacity as guarantor in connection with Notes. The demand is in the amount of $5,668,513.90, and payment is to be on or before August 5, 2013. The default upon which the demand is based is the alleged failure by Cardero to pay legal costs in the amount of USD 48,136.91 incurred by Luxor in connection with the Notes. 
