TORONTO, CANADA -- (Marketwire) -- 03/26/13 -- Homeland Energy Group Ltd. (TSX: HEG) ("Homeland" or the "Company") wishes to announce that it has entered into an agreement dated March 25, 2013 to dispose of its 50% interest in the Eloff Property, through the sale of shares of Tshedza Mining Resource (Pty) Ltd., in consideration for the payment of [...]
Homeland Energy Group wishes to advise that, further to its press releases dated November 5, 2012 and January 3, 2013 mining operations at Kendal will not be resumed until further notice. Following a second tender process for a new mining contractor in January and February of 2013, several bids have been received. The Company is assessing these [...]
Homeland Energy Group Ltd. - TSX is reviewing the Common Shares (Symbol: HEG) of the Company with respect to meeting the continued listing requirements. The Company has been granted 120 days in which to regain compliance with these requirements, pursuant to the Remedial Review Process. About TMX Group (TSX-X) TMX Group's key subsidiaries operate [...]
TORONTO, CANADA -- (Marketwire) -- 01/03/13 -- Homeland Energy Group Ltd. (TSX: HEG) ("Homeland" or the "Company") wishes to advise that, further to its press release dated November 5, 2012, it is continuing the process of retaining a new mining contractor.
Following a tender process that occurred in December, the Company has been in [...]
Homeland Energy Group wishes to announce that effective December 20, 2012, the board of directors of Homeland has appointed Zeifmans LLP as the Company's new auditors, replacing MNP LLP. The decision to change auditors was not the result of any disagreement between the Company and MNP on any matter of accounting principals or practices, financial [...]
Homeland Energy Group wishes to advise that it has terminated its relationship with its mining contractor and is undertaking a new tendering process. Management has become concerned that the current mining contractor had not been effectively able to mobilize the equipment necessary to undertake the Company's new mining plan which was announced in [...]
Homeland Energy Group wishes to advise that it has recently completed a strategic review of its operations at its Kendal Colliery in South Africa. The operations at Kendal incurred losses during the 4 month period ended from April to July. It was determined that the losses had arisen as a result of inadequate production of coal for the wash plant [...]
Homeland Energy Group wishes to address the reports that have been circulating on the internet that the Company's controlling shareholder, GMR Energy Ltd. is seeking to dispose of its stake in the Company. Homeland has been advised that there is no basis for these statements or for any quotes attributed to representatives of GMR Energy Ltd [...]
Homeland Energy Group is pleased to announce that the BC Securities Commission and the Ontario Securities Commission have granted a full revocation of the cease trade order issued by each of the Commissions against the Company. The CTOs had been imposed by the Commissions for failure by the Company to file its audited financial statements for the [...]
Homeland Energy Group wishes to advise that there has been a delay in the filing of its audited financial statements, MD&A and AIF for the year ended December 31, 2011 which were due to be filed on or before March 30, 2012 pursuant to relevant securities laws. The delay has resulted from transition issues arising from the Company's change of [...]
Homeland wishes to provide shareholders with an update on the challenges that have been experienced at the Kendal mine in recent months. The Block E Boxcut suffered an inrush of water in August of 2011. As a result of this problem, mining activities had to be halted during Q4 of 2011 and into Q1 of 2012 which had a significant negative impact on [...]
Homeland Energy Group wishes to announce that Mr. BVN Rao has tendered his resignation as Chairman and Director of the Company. Mr. Rao's other responsibilities within the GMR Group have changed resulting in his being unable to devote the time required to his responsibilities with HEG. HEG wishes to thank Mr. Rao for his contributions to the [...]
