Portex Minerals announces that the current board of directors has resigned and the new board will consist of Matthew Bassett, Christopher Bilz and Peter Chodos. Mr. Bassett is the interim President and Chief Executive Officer and Mr. Bilz is the Interim Chief Operating Officer. The Company is in the process of changing its strategic direction and [...]
Portex Minerals announces that it is seeking consent of creditors to convert substantially all the outstanding debt of the Company and its subsidiaries into common shares by issuing 100 Common Shares of the Company, based on a share price of $0.01, for each $1 of debt owing. The conversion rate was determined between the Company and certain of the [...]
Portex Minerals announces that, after many discussions with the Minerals & Petroleum Branch of the Department of Enterprise, Trade and Investment of Northern Ireland, the Department has caused all existing mineral exploration licenses held by its wholly-owned subsidiary, Metallum Resources Ltd. to terminate effective October 31, 2014. In addition [...]
Portex Minerals is pleased to announce that it has begun to receive the proceeds of the sales of its shares in the Global Resources Investment Trust, a trust listed on the London Stock Exchange. Portex acquired these shares in exchange for the issuance of Portex shares in March 2014. To date, Portex has sold approximately 526,000 GRIT shares for [...]
Portex Minerals announces that it will not proceed with the previously announced merger agreement with European Uranium Resources Portex is an exploration and development company with zinc properties in Spain, Portugal, Ireland and Northern Ireland as well as two gold licences in Northern Ireland. Portex will continue with its strategy of building [...]
European Uranium Resources has today delivered notice to Portex Minerals Inc. that the December 20, 2013 arrangement agreement between Portex and EUU is incapable of performance and is frustrated and of no further force or effect. EUU has further notified Portex that in any event, the Arrangement Agreement is terminated. Accordingly, EUU will not [...]
Portexis pleased to announce that the financing previously announced with Global Resources Investment Limited has closed. Portex is an exploration and development company with zinc properties in Spain, Portugal, Ireland and Northern Ireland. The Company is also pleased to welcome Larry Segerstrom to the Board of Directors. For additional [...]
European Uranium and Portex Minerals provide an update on the status of the merger which was the subject of their joint December 23, 2013 news release. The Merger will be effected through a plan of arrangement under which EUU will acquire all of the outstanding common shares of PAX in exchange for EUU common shares. The merged company will be named [...]
Portex Minerals is pleased to announce that it has secured a bridge financing in the amount of $75,000 to provide working capital prior to the completion of the previously announced financing transaction with Global resources Investment Limited and the expected sale of Global Resources Investment Trust, Plc. (GRIT or the TRUST) shares to generate [...]
European Uranium and Portex Minerals are pleased to announce that, as contemplated by the binding letter of intent announced on December 9, 2013, they have executed an arrangement agreement dated December 20, in respect of the proposed merger of EUU and PAX through a plan of arrangement under which EUU will acquire all of the outstanding common [...]
European Uranium and Portex Minerals announce that they have entered into a binding Letter of Intent dated December 6, to merge through a plan of arrangement under which EUU will acquire all of the outstanding common shares of PAX in exchange for EUU common shares. The merged company will be named European Minerals and will be a Europe-focused [...]
Portex is pleased to provide an update on the proposed concurrent acquisition and financing it announced on September 24, 2013. Portex has agreed to acquire 1,443,348 units of Global Resources Investment, at a price of £1 per unit. GRIL is conditionally approved for listing on the London Stock Exchange. GRIL will be registered as a public company [...]
