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Even Micro-Cap Companies Not Immune To Proxy Battles

Even Micro-Cap Companies Not Immune To Proxy Battles

Financial Post article published Monday, June 17th, 2013 By: Barry Critchley In one corner is Zara Resources, which is developing gold and nickel-copper projects in Ontario. In the other is the target, Visible Gold Mines, a company listed on the TSX Venture Exchange. Fotolia It seems that size, or lack thereof, is not a factor when one investor wants to initiate an action against a public company. In what is a rarity, two micro-cap companies, neither of which generate any ...

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Zara Requisition For A Special Meeting Of Shareholders Of Visible Gold Mines

Zara Requisition For A Special Meeting Of Shareholders Of Visible Gold Mines

Toronto, Ontario, June 11, 2013 - June 11, 2013 - Zara Resources Inc. (CNSX: ZRI) ("Zara") announces that, further to its offer to purchase up to 19.9% of the shares of Visible Gold Mines Inc. (TSXV: VGD) ("Visible") at a price of $0.03375 per Visible share, Danny Wettreich the CEO of Zara and a shareholder of Visible, has requisitioned a Special Meeting of shareholders of Visible. The purpose of the Special Meeting is to remove the ...

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Winston Announces Appointment Of Directors

Winston Announces Appointment Of Directors

Toronto, Ontario, June 12, 2013 - Winston Resources Inc. (CNSX: WRW) ("Winston" or the "Company") is pleased to announce that at the shareholders meeting held today, shareholders approved an increase in the number of directors to eight, and shareholders also approved the appointment of four additional directors, namely Shanali (Shawn) Bhagat, Aziz Hashim, Jeffrey Potwarka and Graham Murray. Shawn Bhagat is CEO of American Energy Distribution LP ("AED") a Dallas, USA based fuel distribution company which ...

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Zara Resources Announced An Offer To Purchase Shares Of Visible Gold

Zara Resources Announced An Offer To Purchase Shares Of Visible Gold

Zara Resources (CNSX ZRI) announced an offer to purchase shares of visible gold up to 19.9% of the outstanding shares, which trades on the TSX Venture Exchange under the symbol “VGD”, where its current price is $0.015. Shared via "Zara Resources (CNSX ZRI) announced an offer to purchase up to 19.9% of the outstanding shares of Visible Gold".

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Zara Responds To Visible Press Release

Zara Responds To Visible Press Release

Toronto, Ontario, June 11, 2013 - Zara Resources Inc. (CNSX: ZRI) ("Zara") announces its response to the press release made yesterday by the Directors of Visible Gold Mines Inc. (TSXV: VGD) ("Visible") which advised Visible shareholders to take no action in respect of the offer made by Zara to purchase shares of Visible (the "Offer"). The Visible press release does not address the main point that should concern all Visible shareholders, namely the 96% decline since ...

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Zara Announces Offer To Purchase Shares Of Visible Gold Mines Inc.

Zara Announces Offer To Purchase Shares Of Visible Gold Mines Inc.

Toronto, Ontario, June 10, 2013 - Zara Resources Inc. (CNSX: ZRI) ("Zara") is pleased to announce its offer (the "Offer") to purchase shares of Visible Gold Mines Inc. (TSXV: VGD) ("Visible") at a price of $0.03375 per Visible share. Zara will issue Zara shares to tendering Visible shareholders. The Offer is available only to Visible shareholders who are Accredited Investors. Upon acquiring up to 19.9% of the shares of Visible, Zara will press for board and ...

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Zara Converts Debt To Common Shares

Zara Converts Debt To Common Shares

Toronto, Ontario, June 6, 2013 - Zara Resources Inc. (CNSX: ZRI) ("Zara") is pleased to announce that it shall effect a conversion of $20,000 of its debt into common shares of Zara at $0.10 per share (the "Debt Conversion"). The Debt Conversion will result in the issuance of 200,000 common shares. No commission is payable in relation to the Debt Conversion. The total amount of Zara shares issued and outstanding is now 33,596,006. About Zara Resources Zara is ...

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Zara Converts Debt To Common Shares

Zara Converts Debt To Common Shares

Toronto, Ontario, May 27~ 2013 - Zara Resources Inc. (CNSX: ZRI) ("Zara") is pleased to announce that it shall effect a conversion of $10,000 of its debt into Units of Zara, each Unit comprising of one common share at $0.11 per share and one warrant exercisable at $0.1375 per share (the "Debt Conversion"). The Debt Conversion will result in the issuance of 90,909 common shares and 90,909 warrants. No commission is payable in relation to the ...

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Zara Resources Receives NI43-101 Technical Report On Forge Lake Gold Property

Zara Resources Receives NI43-101 Technical Report On Forge Lake Gold Property

Toronto, Ontario, May 21, 2013 - Zara Resources Inc (CNSX: ZRI) ("Zara") announces that it has received a NI43-101 Technical Report (the "Report") on its Forge Lake gold property. The Report was prepared by the Sibley Basin Group and authored by Alan Aubut P.Geo. The Report describes the geology and work done to date on Forge Lake and concludes that the property has very good potential for hosting an economic gold deposit that could be amenable to ...

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Winston Completes $200,000 Non-Brokered Private Placement

Winston Completes $200,000 Non-Brokered Private Placement

Toronto, Ontario, April 30, 2013 - Winston Resources Inc. (CNSX: WRW) ("Winston" or the "Company") is pleased to announce that it has completed a non-brokered private placement (the "Private Placement") of 4,000,000 pre-consolidation common shares (the "Shares") of Winston at a price of $0.05 per Share, for gross proceeds of $200,000. The securities will be issued pursuant to appropriate exemptions under the United States Securities Act of 1933, as amended, and will be subject to a ...

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Winston Approves One For Twenty Share Consolidation

Winston Approves One For Twenty Share Consolidation

Toronto, Ontario, April 25, 2013 - Winston Resources Inc. (CNSX: WRW) ("Winston") announces that its directors have approved a share consolidation of its common shares on the basis of one (l) "new" common share for twenty (20) "old" common shares to be effective May 15,2013. Winston anticipates that effective May 13,2013, the common shares of Winston will commence trading on the CNSX on a consolidated basis under the same stock symbol "WRW". Letters of transmittal describing the ...

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Nov
17

Opawica Deal Terminated

2011  Author:   

Opawica has announced that the private placement with Winston Mining LP, an affiliate of Churchill Natural Resource Partners, and the related changes to the Board of Directors of the Company will not be proceeding due to the inability of the parties to agree on certain matters related to the transaction.

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