Nord Resources Cp (NRDS) 0.0080 $NRDS
Nord Resources Announces Appointment of Receiver
PR Newswire - Mon Nov 24, 5:38PM CST
Nord Resources Corporation (OTCQB: NRDS), which is producing copper at its Johnson Camp Mine in Arizona, today announced that effective November 18, 2014, with the agreement of Nord, the principal secured lender of Nord has appointed Christopher G. Linscott of Keegan, Linscott & Kenon, PC as the receiver of Nord Resources Corporation.
Nord Resources Enters Into a Forbearance and Loan Modification Agreement with Nedbank Limited
CNW Group - Wed Sep 10, 1:30PM CDT
Nord Resources Corporation (OTCQB: NRDS), which is producing copper at its Johnson Camp Mine in Arizona, is pleased to announce that it has entered into a Forbearance and Loan Modification Agreement with Nedbank Limited dated September 9, 2014. Under the Agreement, Nedbank has agreed to forbear from the exercise of its rights and remedies, as specified in the Second Amended and Restated Credit Agreement by and between Nedbank and Company dated March 31, 2009, in respect of approximately $52 million (the "Indebtedness"
due and owing to Nedbank and its affiliates under the Company's secured term loan facility, copper hedge program and interest rate swap program, for a period of up to 45 days. In addition Nedbank has agreed to lend the Company up to $350,000 in new advances through a revolving credit facility in order to help fund critical budgeted operating expenses at the Johnson Camp Mine during the forbearance period. The new advances will bear interest at LIBOR plus 8.5% per annum. All advances and interest thereon shall mature and become due and payable upon the termination or expiry of the forbearance period under the Forbearance Agreement, and are secured against the Company's assets.
Additional Expressions of Interest in Liberty Star's Copper-Gold-REEs Hay Mountain Project, Southeast Arizona and Uranium Assets at North Pipes, Arizona
Business Wire - Tue Aug 05, 12:20PM CDT
Liberty Star Uranium & Metals Corp. ("Liberty Star" or the "Company" (OTCQB: LBSR) is pleased to announce that one international mining entity and three domestic investing groups have expressed interest in continuing due diligence and possible negotiations for financing Phase 1 drilling, on the Company's Hay Mountain Project in Cochise County, southeast Arizona. Another company has expressed an interest in the North Pipes Project for uranium and other minerals in northern Arizona. In all cases, these are preliminary expressions of interest but these discussions are underway.
AR: 40.34 (+0.69)
Nord Resources Announces Appointment of Receiver
PR Newswire - Mon Nov 24, 5:38PM CST
Nord Resources Corporation (OTCQB: NRDS), which is producing copper at its Johnson Camp Mine in Arizona, today announced that effective November 18, 2014, with the agreement of Nord, the principal secured lender of Nord has appointed Christopher G. Linscott of Keegan, Linscott & Kenon, PC as the receiver of Nord Resources Corporation.
Nord Resources Enters Into a Forbearance and Loan Modification Agreement with Nedbank Limited
CNW Group - Wed Sep 10, 1:30PM CDT
Nord Resources Corporation (OTCQB: NRDS), which is producing copper at its Johnson Camp Mine in Arizona, is pleased to announce that it has entered into a Forbearance and Loan Modification Agreement with Nedbank Limited dated September 9, 2014. Under the Agreement, Nedbank has agreed to forbear from the exercise of its rights and remedies, as specified in the Second Amended and Restated Credit Agreement by and between Nedbank and Company dated March 31, 2009, in respect of approximately $52 million (the "Indebtedness"
due and owing to Nedbank and its affiliates under the Company's secured term loan facility, copper hedge program and interest rate swap program, for a period of up to 45 days. In addition Nedbank has agreed to lend the Company up to $350,000 in new advances through a revolving credit facility in order to help fund critical budgeted operating expenses at the Johnson Camp Mine during the forbearance period. The new advances will bear interest at LIBOR plus 8.5% per annum. All advances and interest thereon shall mature and become due and payable upon the termination or expiry of the forbearance period under the Forbearance Agreement, and are secured against the Company's assets. Additional Expressions of Interest in Liberty Star's Copper-Gold-REEs Hay Mountain Project, Southeast Arizona and Uranium Assets at North Pipes, Arizona
Business Wire - Tue Aug 05, 12:20PM CDT
Liberty Star Uranium & Metals Corp. ("Liberty Star" or the "Company"
(OTCQB: LBSR) is pleased to announce that one international mining entity and three domestic investing groups have expressed interest in continuing due diligence and possible negotiations for financing Phase 1 drilling, on the Company's Hay Mountain Project in Cochise County, southeast Arizona. Another company has expressed an interest in the North Pipes Project for uranium and other minerals in northern Arizona. In all cases, these are preliminary expressions of interest but these discussions are underway. AR: 40.34 (+0.69)
