Arctic Star Diamond Corp. - C.ADD
Pinetree aquires 2.5 million common shares of Arctic Star
Tuesday August 26 2008 - News Release
Mr. Larry Goldberg of Pinetree reports
PINETREE CAPITAL LTD. ACQUIRES SECURITIES OF ARCTIC STAR DIAMOND CORP.
Pinetree Capital Ltd. on Aug. 22, 2008, acquired ownership of 2.5 million common shares of Arctic Star Diamond Corp. ("Arctic Star") and 2,500,000 common share purchase warrants (the "Warrants"). Each Warrant entitles the holder thereof to acquire one additional common share until August 22, 2010, at a price of $0.15. In the event that the Warrants are fully exercised, these holdings represent approximately 2.9% of the total issued and outstanding common shares of Arctic Star as of August 22, 2008, calculated on a partially diluted basis assuming the exercise of the Warrants only. As a result of this transaction, Pinetree and its joint actors held, as at August 22, 2008, an aggregate of 18,064,091 common shares of Arctic Star, including the Common Shares, and convertible securities exercisable into 14,509,091 common shares of Arctic Star (the "Convertible Securities"), including the Warrants. Of these totals, Pinetree directly holds 12,564,091 common shares and convertible securities exercisable into 7,509,091 common shares, including the Warrants (the "Pinetree Convertible Securities") directly. If Pinetree and its joint actors were to exercise all of the Convertible Securities, their combined ownership would represent a total of 32,573,182 common shares of Arctic Star or approximately 17.4% of such shares outstanding as of August 22 2008, calculated on a partially diluted basis assuming the exercise of the Convertible Securities only. If Pinetree were to exercise all of the Pinetree Convertible Securities, its direct ownership would represent a total of 20,073,182 common shares of Arctic Star, or approximately 11.2% of such shares outstanding as of August 22, 2008, calculated on a partially diluted basis assuming the exercise of the Pinetree Convertible Securities only.
These transactions were made for investment purposes and Pinetree and each of its joint actors could increase or decrease their respective investments in Arctic Star depending on market conditions or any other relevant factor.
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Arctic Star drills 1.65 m of 1.68 Ni at 100% Owned Credit Lake Property
Wednesday August 13 2008 - News Release
Mr. Patrick Power reports
ARCTIC STAR EXPANDS NICKEL DISCOVERY AT CREDIT LAKE, PROVIDENCE LAKE GREENSTONE BELT NT.
Arctic Star Diamond Corp. has received assays results of 1.68 per cent nickel, 0.99 per cent copper, 0.17 per cent cobalt, 0.34 parts per million (ppm) platinum and 2.23 ppm palladium from 1.65 metres (m) of massive sulphides. These are the first results received from its continuing drilling program from a new nickel discovery on its 100-per-cent-owned Credit Lake property in Northwest Territories. Massive sulphide in lenses up to 5.1 m thick have now been intersected in seven of the nine holes completed in this program. Disseminated sulphide zones also exist in all holes drilled to date.
In April, 2008, Arctic Star discovered disseminated, stringer and massive sulphides with significant nickel, copper and cobalt values. In mid-July Arctic Star returned to Credit Lake to continue exploration on this new discovery. Exploration under way includes prospecting, soil sampling, geological mapping, geophysics and diamond drilling. Drilling has followed a 30m vertical and horizontal step out protocol in the discovery area. Arctic has now nine drill holes into this program and they are successfully defining the shape and extent of this komatiite and amphibolite hosted nickel mineralization.
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Austin Developments Corp.- C.AUL
Petrol One gains 5% of Nkani from Austin Developments
2008-08-20 16:27 ET - News Release
Mr. Chris Parent reports
CORPORATE REVIEW AND UPDATE
Petrol One Corp. has released an update on its Nkani property in Gabon.
The Nkani G4-222 property at Libreville, Gabon, in central West Africa, consists of approximately 2,200 square kilometres of oil and gas concessions which is crossed over by the Gabon estuary and is the subject of a production-sharing agreement with the Gabon Ministere des Mines, de L'Energie, de L'Ectricite et des Resources Hydrauliques.
In September, 2006, BeicipFranlab completed an engineering report on the property for the company, compliant with Canadian National Instrument 51-101 reporting standards. According to the BeicipFranlab report: "The block has a gas discovery and has a number of oil shows. The Ozoumboule gas field could contain up to 212 billion cubic feet of gas. The block also has the potential to hold up to 140 million barrels of oil from two prospects." The natural gas estimates are based on data to depths of only nine metres, with geology showing potential to 450 metres below surface. The property is also thought to be on trend with the hydrocarbon rich, but largely unexplored, Bay of Corisco immediately to the north. The bay is widely regarded as one of the world's most promising potential new oil fields.
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Austin closes 10.3 million units in financing
2008-08-12 13:41 ET - News Release
Mr. Patrick Power reports
AUSTIN CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT
Austin Developments Corp., further to its news release in Stockwatch on June 23, 2008, has closed 10.3 million units of the proposed private placement of 15 million units at a price of 10 cents per unit, subject to the approval of the TSX Venture Exchange. The securities issued under the private placement are subject to a hold period expiring on Dec. 13, 2008.
The units are non-flow-through units with each non-flow-through unit consisting of one common share and one share purchase warrant, each warrant entitling the holder to purchase one additional common share of the company for a period of two years at a price of 15 cents per share. The proceeds of the private placement will be used for new acquisitions as well as the company's oil and gas projects in Gabon and in Tennessee, U.S., and for general working capital.
A commission may be payable in either cash or securities in accordance with the policies of the TSX Venture Exchange Inc.
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Pennant Energy Inc.- C.PEN
Pennant to spud JV well at Badger on July 12
Thursday July 10 2008 - News Release
Mr. Jim Britton reports
PENNANT TO DRILL ON BADGER PROPERTY, SOUTHERN ALBERTA
Pennant Energy Inc. (TSX Venture Exchange PEN") is pleased to announce that it has been notified by its operating partner that it will spud a well on joint venture lands in southern Alberta approximately July 12, 2008. The well will be drilled to test the hydrocarbon potential of the Upper and Lower Mannville formations on lands earned through participation in a "Seismic Option Agreement" with Drumlin Energy Corp. announced in our press release of December 17, 2007. Through participating in and successful completion of the seismic program, the Company earned an undivided 25% working interest in 3 sections (1,920 acres) of land in the area and is not subject to further promotion. The Company will pay an undivided 25% of all costs associated with drilling and completion or abandoning the test well. The Company's share of the estimated costs to drill and case or abandon is $123,000. Operation progress will be announced as the information is made available by the operator.
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Pennant, Highpine's Pembina well capable of 758 boe/d
2008-06-26 15:39 ET - News Release
Mr. Thomas Yingling reports
PENNANT AND HIGHPINE - PEMBINA WELL TESTS CAPABLE OF 758 BOEPD
Pennant Energy Inc. (the "Company") (TSX.V-PEN) is pleased to announce that pursuant to our press release of June 9, 2008, the operator, Highpine Oil & Gas Limited, has provided the Company with the initial production test results from the well "Highpine et al Pembina 102/16-29-048-08W5/00". Though delayed by inclement weather and poor surface lease conditions, the well was completed and production test operations were successfully carried out. The well was shut-in on May 30 and the reservoir pressure build-up was monitored until June 13. We are very pleased to announce that the well flowed and sustained the maximum allowable restricted rate of 68 thousand cubic meters per day (E3m3/day) (or 2.45 million cubic feet per day (MMcf/day)) throughout the 7 hour flow test period, regulated by the EUB for sour gas wells in this area.
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