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Ring of Fire Monitor

This site is the 'go to' place for information on the Ring of Fire. As contributing authors are added, we will provide you with some background information on the authors.

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Wednesday, October 5, 2011

An Open Letter to Mr. Dalton McGuinty, Mr. Tim Hudak, and Ms. Andrea Horwath

Healthcare and education use up about 80% of provincial revenues and yet we heard very little during the campaign. The Family Physicians are speaking up. Too little, too late?

COALITION OF FAMILY PHYSICIANS OF ONTARIO An Open Letter to Mr. Dalton McGuinty, Mr. Tim Hudak, and Ms. Andrea Horwath

KWG to buy back shares... smart move


News Release
Symbol on TSX-Venture :

KWG.V


Shares issued and outstanding:

636,878,941
      
KWG ANNOUNCES NORMAL COURSE ISSUER BID
Montreal, Canada – October 5, 2011 – The KWG Resources Inc. (TSXV: KWG) Board of Directors has authorized the purchase of up to 31.9 million of its common shares by way of normal course purchases on TSX Venture Exchange (“TSXV”), subject to regulatory approval.  KWG intends to file the required notice with the TSXV to obtain such approval as soon as practicable.  The common shares authorized to be purchased, represent 5% of the common shares presently outstanding.
KWG believes that its common shares currently trade in a price range that does not adequately reflect their underlying value based on KWG’s business prospects and strong financial position.  As a result, depending upon future price movements and other factors, KWG believes that its outstanding common shares represent an attractive investment and a desirable use of a portion of its corporate funds.
The purchases may commence two trading days after acceptance by TSXV of KWG’s notice of intention and will be undertaken by Jones Gable and Company Limited as KWG’s agent.  It is expected that the purchases will not presently exceed $500,000 and will terminate not more than one year after the purchases commence, or on such earlier date as KWG may complete its purchases.
Purchases will be made by KWG in accordance with applicable regulatory requirements and the price which KWG will pay for any such common shares will be the market price of such shares at the time of acquisition.  The common shares purchased will be cancelled.
To the knowledge of KWG, no director, senior officer or other insider of KWG currently intends to sell any common shares under this bid.  However, sales by such persons through the facilities of the TSXV may occur if the personal circumstances of any such person change or if any such person makes a decision unrelated to these normal course purchases.  The benefits to any such person whose shares are purchased would be the same as the benefits available to all other holders whose shares are purchased.
For further information, please contact:
BRUCE HODGMAN
Communications Director
416-642-3575
info@kwgresources.com
Follow Us On:
Facebook:  http://www.facebook.com/kwgresourcesinc
Twitter:       http://twitter.com/kwgresources
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Thursday, September 15, 2011

premier in TBay

Supporting Good Northern Ontario Jobs
Premier Visits Bombardier Plant in Thunder Bay
THUNDER BAY, ON, Sept. 15, 2011 /CNW/ - Premier Dalton McGuinty today highlighted the Ontario Liberal Plan to create and protect jobs in Northern Ontario during a stop in Thunder Bay.
"Ontario Liberals are committed to a strong Northern economy with good Northern Ontario jobs, including right here at Bombardier," said McGuinty. "Our Ontario Liberal Plan is all about creating jobs and strengthening Northern communities."
McGuinty made the comments at the Bombardier manufacturing plant, where the Ontario government's commitment to GO Transit has meant purchases of 150 new coaches between 2004 and 2011 and a recent purchase of 50 coaches.
On Monday, Premier McGuinty announced that the Ontario Liberals will expand GO train service to two-way, full-day service, on all corridors — more than doubling the current number of coaches. All of which supports good jobs for Ontario families living in Thunder Bay.
McGuinty, who was joined by Thunder Bay-Superior North candidate Mike Gravelle and Thunder Bay-Atikokan candidate Bill Mauro, took the opportunity to outline the Ontario Liberal Northern Platform, which includes many elements to create jobs and further strengthen the Northern economy:
  • Supporting Northern jobs by increasing the Northern Ontario Heritage Fund to $110 million and increasing the number of jobs it supports
  • Protecting jobs by reducing industrial electricity rates by 25% through the Northern Industrial Electricity Rate Program, which will be made permanent
  • Keeping the North moving by improving Northern road, rail, and air links
  • Opening new mines — at least eight in the next 10 years
  • Investing in Northern brainpower with a new law school at Lakehead University
  • Attracting new investment and jobs with the development of the Ring of Fire
The Harris-Hudak PCs gutted transit and made a mess of GO Transit in particular. First, they downloaded GO to the municipalities, then uploaded it again. When Tim Hudak was Northern Development Minister in that government, he helped the PCs download $3 billion in costs onto cities and towns, causing property tax hikes and massive cuts to public services. Today, the Hudak PCs have a $14 billion hole in their platform — that means deep cuts that will put our transit, education and health care at risk.
The NDP would introduce a crushing $9 billion in job-killing taxes and impose a moratorium on development north of 51, which would kill the Ring of Fire and destroy jobs in every Northern community.
Both opposition parties would take Ontario off track at the worst time.
"What we've accomplished in the North is nothing short of amazing," said McGuinty. "But there is much more to do and Ontario Liberals have a serious plan to keep building on the progress we've made, together."
For further information: Ontario Liberal Party Media Office:
416 961-3800 ext. 328

Tuesday, August 23, 2011

NORONT RESOURCES LTD. | Noront Announces Economic Mineral Reserve At Eagle's Nest

NORONT RESOURCES LTD. Noront Announces Economic Mineral Reserve At Eagle's Nest

Probe News... may not be ROF related

VANCOUVER, Aug. 23, 2011 /CNW/ - The following issues have been halted by Investment Industry Regulatory Organization of Canada (IIROC):
Issuer Name: Probe Mines Ltd.
TSX-V Ticker Symbol: PRB- V
Time of Halt: 8:45 am EST
Reason for Halt: Pending News
For further information:
IIROC Inquiries (416) 646-7299 - *Please note that IIROC is not able to provide any additional information regarding a specific trading halt. Information is limited to general enquiries only.

Wednesday, August 17, 2011

ROYAL CANADIAN MINT | Royal Canadian Mint introduces new bullion with 99999 pure gold “RCMP” and wildlife silver “Cougar” coins

ROYAL CANADIAN MINT Royal Canadian Mint introduces new bullion with 99999 pure gold “RCMP” and wildlife silver “Cougar” coins

Chris Hodgson may have some intersting comments

/R E P E A T -- Media Advisory - Presidents of the Mining Association of Canada and the Mining Association of Ontario to address Sudbury Chamber of Commerce/

OTTAWA, July 15, 2011 /CNW/ -
*Interview opportunity*

Event: Mr. Pierre Gratton, President & CEO of the Mining Association of Canada and Mr. Chris Hodgson, President of the Ontario Mining Association will share their insights into the tremendous opportunity facing the Canadian mining industry - an opportunity not seen in several generations. Their focus will be on:
  • economical impacts and regional presence
  • future direction of the global mining industry; mineral price drivers, role of China, industry investment and challenges
  • domestic and international policy challenges
Senior representatives from Vale and Xstrata will also be present and available for interview.
Date: Thursday, August 25th 2011
Time: 12:00 PM - 2:00 PM
Location:
Bryston's On The Park
5 Creighton Road- Copper Cliff
Sudbury, ON
Who: The Mining Association of Canada. Based in Ottawa, the Mining Association of Canada is the national organization for the Canadian mining industry. Its members are engaged in mineral exploration, mining, smelting, refining and semi-fabrication
The Ontario Mining Association supports and improves the competitiveness of the mining sector in the province while representing companies engaged in the environmentally responsible exploration, production and processing of minerals in Ontario
Media representatives wishing to attend the event are invited to pre-register with Cortney Lanteigne T: (705) 673-7133 ext. 224