Close X Cookies are necessary for the proper functioning of By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
In the same category
Logan Announces Termination of Option Agreement With Ridgemont Iron Ore Corp.
Published : November 07, 2012
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
Keywords :   Iron | Market | Uranium | Volatility |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 7, 2012) - Logan Resources Ltd. (News - Market indicators) ("Logan" or the "Company") announces the termination of the Option Agreement (the "Agreement") dated July 27, 2010, between the Company and Ridgemont Iron Ore Corp. pursuant to which Logan granted Ridgemont an option to acquire a minimum of 50% and a maximum of 75% of its interest in the Redford property. As a result, Logan will retain its 100% interest in the Redford property located on Vancouver Island, British Columbia. With the termination of the option agreement, the Company will now evaluate its strategic options with respect to the Redford property.

About Logan

Logan Resources Ltd. is a mineral exploration company that specializes in acquiring, exploring and advancing Canadian mineral properties. Logan has a diversified portfolio of precious metal, base metal and uranium projects. For more information on the property portfolio and Logan, please visit


On behalf of the Board

Adrian Bray, President & CEO

Cautionary Note Regarding Forward-Looking Information

Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein including, without limitation; statements about the advancement of the Company's mineral properties are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; issues in obtaining required permits; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume and the additional risks identified in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with applicable Canadian securities regulators. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and Logan undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release, and no securities regulatory authority has either approved or disapproved of the contents of this release.

Logan Resources Ltd.
Konstantine Tsakumis
Investor Relations
604-681-8030 x 232
Companies Mentionned : Logan Resources | Reliance | Strategic | X-ore |
Data and Statistics for these countries :
Gold and Silver Prices for these countries :

Logan Resources Ltd

ISIN : CA5410953031
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
Projects & res.
Asset profile
Contact Cpy

Logan Resources is an exploration silver and gold company based in Canada.

Logan Resources holds various exploration projects in Canada.

Its main exploration properties are CHEYENNE, CASSIAR PLATEAU and REDFORD in Canada.

Logan Resources is listed in Canada and in United States of America. Its market capitalisation is CA$ 1.4 millions as of today (US$ 1.0 millions, € 923 978).

Its stock quote reached its highest recent level on September 22, 2000 at CA$ 9.60, and its lowest recent point on February 19, 2016 at CA$ 0.03.

Logan Resources has 15 100 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
Financings of Logan Resources Ltd
11/25/2010Private Placement Closed
10/26/2010Announces Private Placement of up to $1,000,000
2/5/2010Private Placement Closed
10/5/2009Private Placement Closed
8/20/2009First Tranche of Private Placement Closed
6/5/2009Announces $325,000 Private Placement
12/22/2008Closes Private Placement
12/9/2008Announces $200,000 Private Placement
Option Grants of Logan Resources Ltd
11/9/2010Grants Stock Options
3/11/2008Grants Stock Options
Nominations of Logan Resources Ltd
7/26/2013Announces Appointment of Chief Financial Officer
5/3/2011Appoints New Directors
Project news of Logan Resources Ltd
10/8/2013(Heidi)Announces Termination of Option Agreement on Heidi Property
11/23/2012(Heidi)Amends Heidi Property Option Agreement
10/15/2009(Redford)Completes Ground Magnetic Survey on Brynnor Iron Deposit
1/26/2009Preliminary Drilling Results on Brynnor Iron Project, Vancou...
11/26/2008Initial Drilling Results Confirm Historic Results on Brynnor...
9/9/2008(Redford)Announces Initial Resource Estimate and Preliminary Economic...
8/11/2008(Carswell Dome (cluff Lake)) sign agreement for Cluff Lake area property, in the West At...
6/18/2008(Redford)Update on Redford iron ore potential, Pacific west coast of ...
6/3/2008(Redford)Provides Update on Redford Iron Ore/Gold Project on Pacific ...
1/25/2008(Shell Creek)Results Of Exploration Program On The Shell Creek Copper-Go...
5/23/2007(Heidi)Diamond Drill Program at Logan's Heidi Gold Project Going We...
4/10/2007(Antler Creek Property)Completes EM Survey and Identifies Drill Targets At Antler C...
3/20/2007Diamond Drilling Confirms Gold Mineralization At Logan Resou...
Corporate news of Logan Resources Ltd
1/29/2016Logan Announces Termination of Share Exchange Agreement With...
9/15/2015CORRECTION FROM SOURCE: Logan Signs Definitive Agreement to ...
9/15/2015Logan Signs Definitive Agreement to Create Leading Wearable ...
7/8/2015IIROC Trading Halt - LGR
6/14/2013Announces Termination of Option Agreement With Premium Explo...
4/11/2013Announces Increased Mineral Resource Estimate at Idaho Gold ...
3/28/2013Signs Option and JV Agreement to Acquire Idaho Gold Property
11/7/2012Announces Termination of Option Agreement With Ridgemont Iro...
11/29/2010Option Agreement Completed with Ridgemont Capital
10/30/20102010 Annual General Meeting and Election of New Directors
7/28/2010Signs Option Agreement with Ridgemont Capital
4/22/2010Completes Ground Magnetic Survey
11/16/2009Results From Preliminary Ground Magnetic Survey on Brynnor I...
6/5/2009Announces New Director
3/4/2009s Resource Estimate for Brynnor Iron Project, Vancouver Isla...
11/21/2008Announces Resignation of Director
11/17/2008Begins Drilling on Brynnor Iron Project, Vancouver Island
11/14/2008Correction Re: Directors and Officers
7/16/2008Applies for Coal Permits South and West of Goldsource Discov...
6/19/2008and International KRL Resources Provide Update on Turn River...
12/20/2007Completes Second Tranche of Financing
12/20/2007International KRL Resources and Logan Resources Provide Upda...
5/8/2007Drill Turning At Logan Resources'Heidi Gold Project, Yukon
4/26/2007Mobilizing Diamond Drill to Heidi
4/20/2007Completes Earn In on Albert Creek Lead-Zinc-Silver Property
4/16/2007Acquires Englishman Uranium Project, Yukon
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
CA$ 0.090
05/24 12:08 -
Prev close Open
0.090 0.100
Low High
0.090 0.100
Year l/h YTD var.
0.030 -  0.100 80.00%
52 week l/h 52 week var.
0.030 -  0.100 125.00%
Volume 1 month var.
109,284 12.50%
24hGold TrendPower© : 44
Explores for
Interactive chart Add to compare
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
Annual variation
5 years chart
3 months chart
3 months volume chart
Mining Company News
Ormat technologiesORA
Ormat Technologies Secures $36 Million Supply EPC Contracts for a Geothermal Power Plant in New Ze
US$ 43.74+1.77%Trend Power :
Ivanhoe Mines(Ag-Au-Cu)IVN.TO
Kamoa Copper Project initiates major drilling program at the ne
CA$ 1.03-1.90%Trend Power :
Energy Fuels(Cu-Ni-Zn)EFR.TO
Announces Election of Directors and Results of Shareholder Meeting and Filing of Renewal of Prelimin
CA$ 2.95+2.43%Trend Power :
Claude Resources(Au-Cu-Ngas)CRJ.TO
Shareholders approve acquisition of Claude Resources by Silver Standard
CA$ 2.17-6.87%Trend Power :
Enters into $20.4 Million Deal with De Beers
CA$ 0.58-1.69%Trend Power :
Treasury MetalsTML.TO
Closing $4.0 Million Offering
CA$ 0.48-4.00%Trend Power :
American ManganeseAMY.V
CA$ 0.02+0.00%Trend Power :
Closes $7.25 Million Combined Flow-Through and Hard Dollar Private Placements
CA$ 0.22-6.52%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q1 2016 and Operations Update
CA$ 0.18-2.70%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Stornoway Announces Results From Annual General Meeting
CA$ 0.97+0.00%Trend Power :
Pure Gold.(Cu-Fe-Au)PGM.V
Intersects 10.9 g/t gold over 9.8 metres, Including 27.0 g/t gold over 3.8 Metres at the McVeigh Hor
CA$ 0.63-12.50%Trend Power :
Harvest Natural(Ngas-Oil)HNR
Announces 2016 First Quarter Results
US$ 0.45+2.27%Trend Power :
Premier Gold Mines(Au)PG.TO
Strengthens Senior Management
CA$ 3.00-8.81%Trend Power :
St Barbara(Au-Cu-Ni)SBM.AX
Presentation to Melbourne Mining Club
AU$ 2.60+3.17%Trend Power :
Cooper EnergyCOE.AX
Raises 18.4 millionin institutionnal placement
AU$ 0.21+0.00%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Stornoway Announces FY2016 First Quarter Results
CA$ 0.97+0.00%Trend Power :
US Geothermal.GTH.TO
CA$ 0.87+0.00%Trend Power :
Kinross Gold(Cu-Le-Ni)K.TO
Kinross Reports 2016 First Quarter Results
CA$ 5.71-12.15%Trend Power :
Largo Res.(Au-Cu-Mo)LGO.V
Approval for tradinb on the OTC Markets Group Listing
CA$ 0.61+3.39%Trend Power :
informs the end of MRN negotiations with Hydro
BRL 14.02-2.91%Trend Power :