latest news releases from the newsroom
CanAm Uranium Corp.
CanAm Uranium JV to Start Drilling Bancroft Uranium Project
LAS VEGAS, March 27, 2007 (PRIME NEWSWIRE) -- CanAm Uranium Corp. ("CanAm" or the "Company") (OTCBB:CAUI) is pleased to announce that the first phase of the CDN $500,000 2007 Work Program will be commencing on the Bancroft Uranium Project with Joint Venture Partner El Nino Ventures Inc. ("El Nino") (TSX-V:ELN) (OTCBB:ELNOF) (Frankfurt:E7Q). This work program consists of 1650 meters of drilling on a property that was once home to four past producing mines, producing a total of 14,862,653 lbs. U3O8 between 1956 -- 1982. Subject to results, a follow up drill program is planned.
Elgin National Industries, Inc.
Elgin National Industries, Inc. Enters Into Agreement and Plan of Merger
DOWNERS GROVE, Ill., March 27, 2007 (PRIME NEWSWIRE) -- On March 19, 2007, Elgin National Industries, Inc. (the "Company") entered into an Agreement and Plan of Merger (the "Merger Agreement"), among the Company, SHC Investment Partnership, its affiliates, and third party buyers consisting of private equity funds with capital commitments aggregating in excess of $1,000,000,000. Pursuant to the Merger Agreement, ENI Merger Corp. will be merged (the "Merger") with and into the Company with the Company continuing as the surviving corporation.