TORONTO, ONTARIO -- (Marketwire) -- 10/14/10 -- Vaaldiam Mining Inc. ('Vaaldiam' or the 'Company') (TSX: VAA) is pleased to report results of Sample 2 of the diamond bulk sample program at the Brauna 3 kimberlite pipe ('B3'), situated on its Brauna property in Bahia State, Brazil.
Vaaldiam Mining is pleased to provide the results of the first phase of its diamond bulk sample program at the Brauna 3 kimberlite pipe at its Brauna property. The program recovered 1,953 diamonds with a total weight of 411 carats and a preliminary sample grade of 22.4 carats per hundred tonnes from 1,831 dry tonnes of kimberlite extracted from [...]
TORONTO, ONTARIO -- (Marketwire) -- 08/17/10 -- Vaaldiam Mining Inc. ('Vaaldiam' or the 'Company') (TSX: VAA) reports that, for the second quarter ended June 30, 2010, it incurred a net loss of $1,682,000 or $0.02 per share compared to a net loss of $2,231,000 or $0.05 for the same period in 2009.
Vaaldiam Mining has sold the Kwale Mineral Sands Project to Base Iron of Australia for US$3 million in cash and a cash royalty of 1.5% on all gross revenue from Kwale. Vaaldiam CEO Robert Jackson said 'This is a good transaction for both companies. We receive cash now and a royalty when Kwale enters production that we can sell later if we wish. We [...]
Vaaldiam Mining and Base Iron are pleased to announce that BIL has received firm commitments for its A$4.6 million share issue to finance its acquisition of Vaaldiam's Kwale Project. A number of the investors have also undertaken to subscribe to BIL's A$3.42 million rights issue, which is fully underwritten. The financing and the acquisition are [...]
Tiomin Resources and Vaaldiam Resources jointly announced today the closing of the previously announced plan of arrangement, pursuant to which Tiomin acquired all of the outstanding common shares of Vaaldiam Resources in consideration of 0.08 Tiomin common shares for each Vaaldiam Resources common share. In connection with the completion of the [...]
Tiomin Resources shareholders today voted to issue approximately 215 million pre-consolidation common shares of Tiomin to acquire Vaaldiam Resources. Vaaldiam Resources shareholders will receive 0.8 of a pre-consolidation Tiomin common share for each Vaaldiam Resources share owned. Shareholders of Tiomin also approved a change of name from Tiomin [...]
Tiomin Resources and Vaaldiam Resources jointly announced today that RiskMetrics Group and Glass, Lewis and Co. have each formally recommended that their subscribers vote "FOR" the proposed plan of arrangement agreement for Tiomin to acquire, all of the outstanding common shares of Vaaldiam in an all-share transaction on the basis of 0.80 of a [...]
tiomin Resources and Vaaldiam Resources will hold an investor conference call at 10.00 EST on Thursday, Jan 28, 2010 to discuss the proposed business combination of the two companies. In order to best accommodate the participants, those interested in joining the call should dial in at least 10 minutes prior to the scheduled time of the meeting. A [...]
Tiomin Resources and Vaaldiam Resources jointly announced today that they have entered into a definitive arrangement agreement for Tiomin to acquire, via a plan of arrangement, all of the outstanding common shares of Vaaldiam in an all-share transaction on the basis of 0.80 Tiomin common share for each Vaaldiam common share. Following completion of [...]
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