Oil

Negotiations have been completed and the "Cross-Conveyed Pooling and Participation Agreement" has been signed to pool the P&NG rights in the Triassic Montney formation held by Blackbird Energy Inc. (TSXV:BBI) and partners. Blackbird will hold an undivided 12.5% pooled interest in the Pooled Lands and will participate as to a 12.5% working interest in the development of the Pooled Lands, which may potentially include drilling up to four extended reach Joint Wells on the Pooled Lands.

Zone Resources Inc. announced the results of diamond drill hole ZR11-05 on the company’s iron ore property in the Labrador trough of northern Québec. As quoted in the press release: The hole intersected iron formation with an average of 29.98% Fe over 85.20 metres. Click here to read the Zone Resources Inc. (TSXV:ZNR,,FWB:7ZR) press release [...]

ADIRA ENERGY LTD. (TSXV: ADL, OTCBB: ADENF, FWB: AORLB8). announced that it has engaged DS Apex Mergers & Acquisitions Ltd. to act as lead agent in Israel, of a private placement of securities, for gross proceeds of approximately Canadian Dollar equivalent of US$15 million or other amount dependent upon certain circumstances, to a maximum of [...]