Baja Mining Corp (BAJFF) 0.0420 $BAJFF
Baja Provides an Update on the Boleo Project
Marketwire - Thu Sep 18, 2:41PM CDT
Baja Mining Corp. ("Baja" or the "Company"
(TSX VENTURE: BAJ) (OTCQB: BAJFF) wishes to provide an update regarding the Boleo Project, in which it holds a 10% interest, and the impact of Hurricane Odile that hit the Baja Peninsula earlier in the week. Baja understands that although the hurricane was downgraded to a tropical storm in the region of Santa Rosalia, heavy rains and high winds in the area knocked out electricity and communications. Baja has been informed by Minera y Metalúrgica del Boleo S.A. P.I. de CV. ("MMB" and Korea Resources Corporation that there has been no notable damage to the project site and communications have been restored at the site but that the activity at the Boleo Project remains halted while the site is inspected and until clean-up is completed.
Baja Mining Grants Stock Options
Marketwire - Thu Aug 28, 3:35PM CDT
Baja Mining Corp. ("Baja" or the "Company" (TSX VENTURE: BAJ) (OTCQB: BAJFF) announces that the Company has today granted an aggregate of 2,725,000 incentive stock options to the Company's directors, officers and employees (the "Options" , each exercisable for one common share of the Company at an exercise price of $0.05 per Option. The Options have a term of five years and vest immediately. The Options were conditionally approved by the Board of Directors in March 2013, to compensate directors, officers and employees at that time for past and future performance and commitment to the Company during its restructuring. Due to an extended blackout period imposed by the Company dating back to Q2 2012, it was not possible for these options to be granted at that time. The Board of Directors has now approved the granting of the Options in accordance with the Company's Incentive Stock Option Plan last approved by shareholders on June 25, 2013. Any shares issued on the exercise of the Options to directors and officers of the Company are subject to a hold period concluding on December 29, 2014. The grant of the Options is subject to the final approval of the TSX Venture Exchange.
MMB Secures US$50 Million Bank Loan to Progress With First Copper Production in Q4 2014
Marketwire - Mon Aug 25, 6:10PM CDT
Baja Mining Corp. ("Baja" or the "Company" (TSX VENTURE: BAJ) (OTCQB: BAJFF) announces that it has been advised by Minera y Metalúrgica del Boleo, S.A. P.I. de C.V. ("MMB" and Korea Resources Corporation ("KORES" that MMB has secured additional bank financing of US$50 million in the form of a corporate loan, repayable in one year and bearing interest at LIBOR plus 0.8% (the "Bank Loan" . As referenced in the Company's news release on August 15, 2014, MMB is working to secure additional external financing of up to US$200 million, including the Bank Loan, for completion of the Boleo construction and working capital until production reaches a normalized level.
KORES Provides US$20 Million Bridge Loan to MMB to Continue Boleo Construction; First Copper Production Expected During Q4 2014
Marketwire - Fri Aug 15, 7:10AM CDT
Baja Mining Corp. ("Baja" or the "Company" (TSX VENTURE: BAJ) (OTCQB: BAJFF) announces that it has been advised by Minera y Metalúrgica del Boleo, S.A. P.I. de C.V. ("MMB" and Korea Resources Corporation ("KORES" that KORES has provided a US$20 million bridge loan to MMB to fund the continuing construction of the Boleo Project (the "Bridge Loan" . The Bridge Loan is intended to provide interim funding to MMB while the company works to secure additional external financing of up to US$200 million required for completion of construction and working capital until production reaches a normalized level. The Bridge Loan is repayable within six months and bears interest at a rate of 10% per annum.
Aldrin Announces Director Appointment
Marketwire - Thu Aug 14, 8:31AM CDT
Aldrin Resource Corp. (TSX VENTURE: ALN) is pleased to announce the appointment of Mr. Peter Clausi as a director.
British Columbia Securities Commission: Securities Regulator Alleges That Analyst Engaged in Illegal Insider Trading and Tipping
Marketwire - Fri Jul 11, 12:45PM CDT
The Executive Director of the British Columbia Securities Commission has issued a notice of hearing alleging that an analyst for a global institutional investor tipped his sister and engaged in illegal insider trading.
Securities regulator alleges that analyst engaged in illegal insider trading and tipping
CNW Group - Fri Jul 11, 12:45PM CDT
The Executive Director of the British Columbia Securities Commission has issued a notice of hearing alleging that an analyst for a global institutional investor tipped his sister and engaged in illegal insider trading.
British Columbia Securities Commission: Princeton Mining Analyst Agrees to Sanctions for Illegal Insider Trading
Marketwire - Wed Jun 25, 12:15PM CDT
In a settlement agreement with the British Columbia Securities Commission (BCSC), Robert Launder has admitted that he sold shares of Baja Mining Corp. while in a special relationship with the company, and while in possession of material facts concerning a cost review that had not been generally disclosed. Launder lives in Princeton, B.C.
Princeton mining analyst agrees to sanctions for illegal insider trading
CNW Group - Wed Jun 25, 12:15PM CDT
In a settlement agreement with the British Columbia Securities Commission (BCSC), Robert Launder has admitted that he sold shares of Baja Mining Corp. while in a special relationship with the company, and while in possession of material facts concerning a cost review that had not been generally disclosed. Launder lives in Princeton, B.C.
Baja Issues Corporate Update and Provides Boleo Start-up Schedule Update
Marketwire - Mon Jun 23, 7:59AM CDT
Baja Mining Corp. ("Baja" or the "Company" (TSX VENTURE: BAJ)(OTCQB: BAJFF) is pleased to announce that further to its news release of May 13, 2014, Minera y Metalurgica del Boleo, S.A. P.I. de C.V. ("MMB" and Korea Resources Corporation ("KORES" have provided it with documentation confirming the termination of the 2010 Project Financing senior facilities, including the termination and/or release of all related Baja guarantees (US$160.6 million as at March 31, 2013, plus any overall completion guarantee), security interests and pledges. Accordingly, Baja is no longer liable as a guarantor of any amounts borrowed by MMB, nor is it liable in respect of any overall economic completion guarantee related to project finance for the Boleo Project. Baja remains a 10% shareholder of MMB and if the total costs to complete the Boleo Project exceed US$1,751 million and further equity funding is required, Baja must participate on a pro rata basis or Baja's current 10% interest in MMB will be further diluted.
Boleo Project Shareholder Loans Converted; Baja and KORES Agree Key Terms of New Shareholder Agreement
Marketwire - Wed Apr 02, 7:54AM CDT
Baja Mining Corp. (the "Company" or "Baja" (TSX VENTURE: BAJ)(OTCQB: BAJFF) announces that it is joining Korea Resources Corporation ("KORES" and the other members of the Korean Consortium in converting all of the outstanding shareholder loans of Minera y Metalurgica del Boleo S.A. P.I. de CV. ("MMB" into equity of MMB (the "Conversion" . The Conversion is intended to assist MMB in obtaining further financing for the Boleo Project and in its efforts to restructure its existing project financing. Baja and KORES have also agreed in principle on certain terms to be included in a new MMB shareholders agreement (the "New Shareholders Agreement" proposed to replace the current MMB shareholders agreement (the "2010 Shareholders Agreement" .
Baja Provides an Update on the Boleo Project
Marketwire - Thu Sep 18, 2:41PM CDT
Baja Mining Corp. ("Baja" or the "Company"
(TSX VENTURE: BAJ) (OTCQB: BAJFF) wishes to provide an update regarding the Boleo Project, in which it holds a 10% interest, and the impact of Hurricane Odile that hit the Baja Peninsula earlier in the week. Baja understands that although the hurricane was downgraded to a tropical storm in the region of Santa Rosalia, heavy rains and high winds in the area knocked out electricity and communications. Baja has been informed by Minera y Metalúrgica del Boleo S.A. P.I. de CV. ("MMB" and Korea Resources Corporation that there has been no notable damage to the project site and communications have been restored at the site but that the activity at the Boleo Project remains halted while the site is inspected and until clean-up is completed. Baja Mining Grants Stock Options
Marketwire - Thu Aug 28, 3:35PM CDT
Baja Mining Corp. ("Baja" or the "Company"
(TSX VENTURE: BAJ) (OTCQB: BAJFF) announces that the Company has today granted an aggregate of 2,725,000 incentive stock options to the Company's directors, officers and employees (the "Options" , each exercisable for one common share of the Company at an exercise price of $0.05 per Option. The Options have a term of five years and vest immediately. The Options were conditionally approved by the Board of Directors in March 2013, to compensate directors, officers and employees at that time for past and future performance and commitment to the Company during its restructuring. Due to an extended blackout period imposed by the Company dating back to Q2 2012, it was not possible for these options to be granted at that time. The Board of Directors has now approved the granting of the Options in accordance with the Company's Incentive Stock Option Plan last approved by shareholders on June 25, 2013. Any shares issued on the exercise of the Options to directors and officers of the Company are subject to a hold period concluding on December 29, 2014. The grant of the Options is subject to the final approval of the TSX Venture Exchange. MMB Secures US$50 Million Bank Loan to Progress With First Copper Production in Q4 2014
Marketwire - Mon Aug 25, 6:10PM CDT
Baja Mining Corp. ("Baja" or the "Company"
(TSX VENTURE: BAJ) (OTCQB: BAJFF) announces that it has been advised by Minera y Metalúrgica del Boleo, S.A. P.I. de C.V. ("MMB" and Korea Resources Corporation ("KORES" that MMB has secured additional bank financing of US$50 million in the form of a corporate loan, repayable in one year and bearing interest at LIBOR plus 0.8% (the "Bank Loan" . As referenced in the Company's news release on August 15, 2014, MMB is working to secure additional external financing of up to US$200 million, including the Bank Loan, for completion of the Boleo construction and working capital until production reaches a normalized level. KORES Provides US$20 Million Bridge Loan to MMB to Continue Boleo Construction; First Copper Production Expected During Q4 2014
Marketwire - Fri Aug 15, 7:10AM CDT
Baja Mining Corp. ("Baja" or the "Company"
(TSX VENTURE: BAJ) (OTCQB: BAJFF) announces that it has been advised by Minera y Metalúrgica del Boleo, S.A. P.I. de C.V. ("MMB" and Korea Resources Corporation ("KORES" that KORES has provided a US$20 million bridge loan to MMB to fund the continuing construction of the Boleo Project (the "Bridge Loan" . The Bridge Loan is intended to provide interim funding to MMB while the company works to secure additional external financing of up to US$200 million required for completion of construction and working capital until production reaches a normalized level. The Bridge Loan is repayable within six months and bears interest at a rate of 10% per annum. Aldrin Announces Director Appointment
Marketwire - Thu Aug 14, 8:31AM CDT
Aldrin Resource Corp. (TSX VENTURE: ALN) is pleased to announce the appointment of Mr. Peter Clausi as a director.
British Columbia Securities Commission: Securities Regulator Alleges That Analyst Engaged in Illegal Insider Trading and Tipping
Marketwire - Fri Jul 11, 12:45PM CDT
The Executive Director of the British Columbia Securities Commission has issued a notice of hearing alleging that an analyst for a global institutional investor tipped his sister and engaged in illegal insider trading.
Securities regulator alleges that analyst engaged in illegal insider trading and tipping
CNW Group - Fri Jul 11, 12:45PM CDT
The Executive Director of the British Columbia Securities Commission has issued a notice of hearing alleging that an analyst for a global institutional investor tipped his sister and engaged in illegal insider trading.
British Columbia Securities Commission: Princeton Mining Analyst Agrees to Sanctions for Illegal Insider Trading
Marketwire - Wed Jun 25, 12:15PM CDT
In a settlement agreement with the British Columbia Securities Commission (BCSC), Robert Launder has admitted that he sold shares of Baja Mining Corp. while in a special relationship with the company, and while in possession of material facts concerning a cost review that had not been generally disclosed. Launder lives in Princeton, B.C.
Princeton mining analyst agrees to sanctions for illegal insider trading
CNW Group - Wed Jun 25, 12:15PM CDT
In a settlement agreement with the British Columbia Securities Commission (BCSC), Robert Launder has admitted that he sold shares of Baja Mining Corp. while in a special relationship with the company, and while in possession of material facts concerning a cost review that had not been generally disclosed. Launder lives in Princeton, B.C.
Baja Issues Corporate Update and Provides Boleo Start-up Schedule Update
Marketwire - Mon Jun 23, 7:59AM CDT
Baja Mining Corp. ("Baja" or the "Company"
(TSX VENTURE: BAJ)(OTCQB: BAJFF) is pleased to announce that further to its news release of May 13, 2014, Minera y Metalurgica del Boleo, S.A. P.I. de C.V. ("MMB" and Korea Resources Corporation ("KORES" have provided it with documentation confirming the termination of the 2010 Project Financing senior facilities, including the termination and/or release of all related Baja guarantees (US$160.6 million as at March 31, 2013, plus any overall completion guarantee), security interests and pledges. Accordingly, Baja is no longer liable as a guarantor of any amounts borrowed by MMB, nor is it liable in respect of any overall economic completion guarantee related to project finance for the Boleo Project. Baja remains a 10% shareholder of MMB and if the total costs to complete the Boleo Project exceed US$1,751 million and further equity funding is required, Baja must participate on a pro rata basis or Baja's current 10% interest in MMB will be further diluted. Boleo Project Shareholder Loans Converted; Baja and KORES Agree Key Terms of New Shareholder Agreement
Marketwire - Wed Apr 02, 7:54AM CDT
Baja Mining Corp. (the "Company" or "Baja"
(TSX VENTURE: BAJ)(OTCQB: BAJFF) announces that it is joining Korea Resources Corporation ("KORES" and the other members of the Korean Consortium in converting all of the outstanding shareholder loans of Minera y Metalurgica del Boleo S.A. P.I. de CV. ("MMB" into equity of MMB (the "Conversion" . The Conversion is intended to assist MMB in obtaining further financing for the Boleo Project and in its efforts to restructure its existing project financing. Baja and KORES have also agreed in principle on certain terms to be included in a new MMB shareholders agreement (the "New Shareholders Agreement" proposed to replace the current MMB shareholders agreement (the "2010 Shareholders Agreement" . 
