..the sooner someone comes,...less time it takes

Zitat:"“The sooner someone comes on board and wants to buy the mine, the less water is in there, the less time it takes to pump it out and off we go again.” " ENDE Zitat


www.capebretonpost.com/News/Local/...;height=400&width=700

Zitat:"....Under the arrangement, the outstanding shares of Erdene will effectively be split on a 50/50 basis, with half going to Erdene and half going to the newly formed Morien Resources Corp. The arrangement will result in two strategically positioned public companies, with Morien focused on North America (i.e. the Donkin coal project) and Erdene focused on metal exploration and development opportunities in Mongolia, a resource-rich country that currently has the world’s fastest growing economy.

The restructuring, seen by many as a transformational milestone for Erdene, is intended to unlock significant value for current shareholders and for those shareholders who purchase Erdene stock prior to the completion of the split. According to Erdene management, it is anticipated the company separation will be completed on or before October 31, subject to final shareholder approval.

The move comes several months after Xstrata Coal announced plans to sell its 75 per cent interest in the Donkin project. The Xstrata sale process is expected to be completed in 2012, resulting in a new Donkin ownership structure later this year, with coal production from the mine by 2014. Donkin is currently recognized as the largest undeveloped coking coal project in North America.

John Budreski, director of Erdene since January 2012 and former vice chairman of Cormark Securities Inc., will lead the new Morien Resources Corp. as its CEO,.... " ENDE Zitat

Quelle:www.obj.ca/Archives/Mining/2012-09-11/...wo-public-companies/1

2014-08-11 14:45 ET - News Release

Mr. John Budreski reports

Morien Resources Corp. has received notice from Glencore of the intended sale of Glencore's 75-per-cent interest in the Donkin coal project.

Donkin coal project: Morien holds a 25-per-cent minority interest, with a $9-million carried interest, in one of the largest undeveloped coal deposits in North America, located within 30 kilometres of a deep water port in Sydney, N.S. Approximately $43-million has been invested in the Donkin coal project since 2006, including $15-million by Morien.

www.stockwatch.com/News/...2201299&symbol=MOX&region=C

Zitat:"Morien Resources closes $1.44-milllion offering

2014-09-29 09:12 ET - News Release

Mr. John Budreski reports

MORIEN CLOSES OVERSUBSCRIBED PRIVATE PLACEMENT

Morien Resources Corp. has closed its non-brokered private placement with the issuance of 7,236,008 common shares priced at 20 cents per common share for gross proceeds of $1,447,201.60. The $1.35-million private placement previously announced on Sept. 8, 2014, was oversubscribed and was increased due to investor demand. Morien's management and directors subscribed to 27 per cent or $395,733 of the private placement. Net proceeds of the private placement will be used for general corporate purposes............................" ENDE Zitat

Quelle/Vollständige Meldung:
www.stockwatch.com/News/...2214961&symbol=MOX&region=C

Zitat:"HALIFAX, NOVA SCOTIA--(Marketwired - April 6, 2015) - Morien Resources Corp. ("Morien" or the "Company") (TSX VENTURE:MOX), is pleased to provide an update today with respect to its Normal Course Issuer Bid ("NCIB"), in place since January 2015. As reported by the Company on March 16, 2015, pursuant to the NCIB, Morien purchased a total of 1,190,000 common shares at a weighted average price of $0.20 per common share. As of April 1, 2015, these common shares were officially cancelled. As a result of this share cancellation, Atlantic Royalties LLC, a subsidiary of The Cline Group LLC, is now a 10.1% shareholder of Morien, by virtue of its holding of 5,950,000 common shares." Ende Zitat


Source:
www.marketwired.com/press-release/...x-venture-mox-2006792.htm

Zitat:"

HALIFAX, NOVA SCOTIA--(Marketwired - March 2, 2015) - Morien Resources Corp. ("Morien" or the "Company") (TSX VENTURE:MOX) is pleased to announce the closing of the transaction with Kameron Collieries ULC ("Kameron"), an affiliate of The Cline Group LLC, for the exchange of Morien's 25% working interest in the Donkin Coal Project ("Donkin" or "Project") in Cape Breton, Nova Scotia, for cash and a production royalty ("Transaction").

Approval of the Transaction was given at a special meeting of the Company's shareholders held on February 10, 2015, where shareholders voted 99.99% in favour of the Transaction. The consideration being paid for the interest is $5.5 million in cash and a gross production royalty of 2% to 4%. On closing, Morien received an initial cash payment from Kameron of $2 million. The remaining cash consideration of $3.5 million is to be paid in stages, with $2 million on the earlier of either first production from the Project and the 2nd anniversary of closing, and a further $1.5 million on the earlier of either first export sales from the Project and the 3rd anniversary of closing. In addition, Morien closed a private placement in December, 2014, with Atlantic Royalty LLC, a subsidiary of The Cline Group LLC, for 3.45 million common shares in Morien at $0.30 per share, a 58% premium to market, for gross proceeds of $1,035,000.

Kameron also agreed to pay Morien a gross production royalty of 2% on the first 500,000 tonnes of coal sales per calendar quarter and 4% on any coal sales from quarterly tonnage above 500,000 tonnes. Based on the current permitted production rate for the Project of 2.75 million sales tonnes per year, and on current and forecasted coal prices, Morien management and its Board of Directors ("Board") estimate that royalty payments could range from $4.6 million to $6.7 million annually....." Ende Zitat

Source:www.marketwired.com/press-release/...x-venture-mox-1996532.htm

Zitat:"...Expected catalysts for Morien in the first half of 2016 include:
– coal production at Donkin (where Morien has a 2%-4% production royalty), which will trigger a $2-million milestone payment;
– announcement of test burn by Nova Scotia Power;
– first export sales of Donkin coal, triggering a further $1.5-million payment;
– successful environmental permitting of the Black Point aggregate project, triggering an $800,000 payment from Vulcan Associates.

That’s $4.3 million in milestone payments that should land in the first half of the year. " ENDE Zitat

Source:ceo.ca/2015/11/18/...-budreski-navigates-stormy-resource-seas/