Trading in Dakota Mining has been halted on the Toronto Stock Exchange (TSE) as a result of the company’s failure to file its annual financial statements.
The Denver-based company has been battling insolvency for the past few months, and was forced to renegotiate its debt at the troubled Illinois Creek gold mine in Alaska. The company owes its creditors more than US$15 million.
Dakota was delisted from the American Stock Exchange earlier this year.
* A cease-trading order levelled against Adex Mining by the TSE in late May was extended past June 8. The company failed to submit documents under Part 18 of the Securities Act, which covers filings of disclosure, material changes and financial statements.
* Platinum explorer Platexco (PTX-T) has secured a TSE listing. The company, which already trades on the Canadian Dealing Network, holds a large land position in the Bushveld complex of South Africa, where it also intends to exercise an option to acquire 100% of the Winnaarshoek property. Measured resources at Winnaarshoek stand at 6.2 million tonnes grading 6.61 grams platinum group metals (PGMs) per tonne in the Merensky reef and 3.7 million tonnes of 6.44 grams PGM in the UG-2 reef.
Platexco has 16.7 million shares outstanding.
* Gold Hawk Resources (CGK-M) has been given a roost on the Montreal Exchange. The company, which holds gold properties in northwestern Quebec and Peru, has more than 18.2 million shares outstanding.
* First Dynasty Mines (FDM-T) has been bumped from the Nasdaq board for failure to meet minimum bid requirements. The company continues to trade on the TSE.
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