latest news releases from the newsroom
Tekron, Inc. Announces Letter of Intent in Russian Oil Fields
FORT LAUDERDALE, Fla., July 24, 2003 (PRIMEZONE) -- Tekron, Inc. (OTCBB:TKRN) announced that following initial due diligence, it has entered into an exclusive and comprehensive Letter of Intent with Mikasoil International to acquire a 25% equity stake of five oilfields within Russia. Under the terms of the agreement, Tekron will have 90 days to complete its due diligence, and then raise US$5 million to fund the initial phase of the project.
Miramar Mining Corporation
Miramar Mining Announces $30 Million 'Bought Deal' Financing
VANCOUVER, British Columbia, July 24, 2003 (PRIMEZONE) -- Miramar Mining Corporation (TSX:MAE)(AMEX:MNG) today announced that a Canadian broker on behalf of a syndicate of underwriters (collectively the "Underwriters") has agreed to purchase 14,300,000 Common Shares at a price of $2.10 per share for gross proceeds of $30,000,000. The Underwriters also have an option to purchase up to an additional 2,400,000 Common shares at the offering price to raise a further $5,000,000 exercisable up to 48 hours before the closing. Miramar plans to use the net proceeds of this financing to advance its Hope Bay project and for general corporate purposes.
Boliden Concentrates British Brass Production
STOCKHOLM, Sweden, July 24, 2003 (PRIMEZONE) -- Boliden's (TSE:BLS) (Other OTC:BDNNF) British brass company, Boliden MKM Limited, proposes to concentrate production of brass rods to its production site in Aldridge, Birmingham. The production site in West Bromwich will therefore be closed. The concentration of production to one site will create annual cost synergies of GBP 3 million.
Consumers Financial Corporation
Consumers Financial Corporation Executes a Memorandum of Understanding
CEDARHURST, N.Y., July 24, 2003 (PRIMEZONE) -- Consumers Financial Corporation (the "Company") (OTCBB:CFIN) announced today that through its subsidiary, P.E.T. Centers of America, LLC, it has entered into a memorandum of understanding with Dr. Azad K. Anand, M.D., to identify, build and operate P.E.T. scan technology medical centers in the Tri-State area. Dr. Anand is one of New York's leading radiologists and a recognized authority in his field.
Royal Dutch/Shell Group of Companies -- Video Interview
LONDON, July 24, 2003 (PRIMEZONE) -- Cantos.com presents an indepth interview now available free on http://www.cantos.com with Sir Philip Watts, Chairman of the Committee of Managing Directors for Royal Dutch (NYSE:RD), in video, audio and text. He discusses: