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| Thu Dec 11, 2008 Channel Appoints IBK Capital Corp to Lead Private Placement Financing; Corporate Update Channel reports that it has entered into an agreement with IBK Capital Corp. for the arrangement of a private placement equity financing, on a best efforts basis, for up to C$1,000,000. At the Fox Creek Lithium project, a due diligence program has commenced, and at the Tanlouka Gold project, Channel and the project optionor have agreed to extend the term of the option agreement to March 4, 2011. In Ecuador, Channel has determined that in light of the marked recent deterioration of economic and political conditions globaly and locally, it is not in the best interests of the Company to continue investing in the Mozo project and the Company is terminating the option agreement on the property. | Read Online | |
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| Wed Nov 12, 2008 Channel Resources Enters Into Letter of Intent for Option to Acquire Alberta Lithium Project Channel announces that it has entered into a Letter of Intent with Polaris Capital Ltd., a private company, for the acquisition of a 100% interest in the Fox Creek Lithium Project, located approximately 200 kilometres west of Edmonton, Alberta.
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| Fri Oct 24, 2008 Channel Announces Change in Board of Directors, Provides Update Channel reports that the Honourable D. Ross Fitzpatrick has retired from the Board of Directors of the Company. The Company continues work to enhance the value in its project portfolio and has reviewed numerous candidates for potential acquisition. Channel continues to monitor political events in Ecuador as the country works to finalize its new mining law, and hopes to capitalize on its existing assets there. In Burkina Faso, the Company has outlined a discrete geophysical anomaly associated with strong geochemistry anomalies at the Tanlouka Gold Project and intends to continue exploration, including a drill program, as market conditions improve.
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| Wed Aug 20, 2008 Channel Vends Remaining Interest in Bombore Gold Project Channel reports that it and Solomon Resources Ltd. have reached an agreement with Orezone Resources Inc. to vend their remaining interests in the Bombore Gold Project, Burkina Faso, to Orezone. Consideration for the remaining interest in Bombore is for 1,000,000 fully paid and non-assessable common shares in Orezone shared between Channel (550,000 shares) and Solomon (450,000 shares), subject to a four month hold period. The Company also reports that it has filed its third quarter financial statements for the period ended June 30, 2008 on the SEDAR system, together with its management discussion and analysis for the same period.
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| Wed Jul 30, 2008 Channel Resources Update Channel reports on field programs recently completed on the Tanlouka Gold Project in Burkina Faso and on the West Bienville Uranium Project in Quebec. The Company also announces that Colin McAleenan, President and CEO of Channel, has been appointed Chairman of the board of directors.
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| Wed May 21, 2008 Channel Expands & Advances West Bienville Uranium Project, Completes Geophysics at Tanlouka Gold Project Channel reports that it has extended the West Bienville Uranium Project license area in northern Quebec following a trend of uranium anomalies spatially associated with a regional scale fault. Field follow-up investigations of these anomalous trends will commence shortly. At the Tanlouka Gold Project, 30 line kilometers of IP and ground magnetometry surveys have now been completed and are expected to aid in the definition of drill targets. The Company also reports that its second quarter financial statements have been filed.
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| Tue Apr 22, 2008 Channel Defers Exploration Activities in Ecuador
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| Fri Feb 29, 2008 Channel Reports on Mozo Project Drilling and Metallurgical Results Channel Resources Ltd. announces that it has received assay results from a six-hole core drilling program totaling 1,784 meters which was completed late in 2007 on the Mozo Gold Project in Azuay Province, Ecuador, together with results from leach response and diagnostic tests conducted on sulphide mineralization from the Indira Zone.
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| Thu Feb 14, 2008 Initial Resource Estimate Issued for Bombore Gold Project, Burkina Faso Channel Resources Ltd. reports that Orezone Resources Inc. has released the results of a NI 43-101 compliant gold resource estimate (576,000 oz Indicated and 501,000 oz Inferred Resources) for the Bombore Project in Burkina Faso, West Africa, in which the Company holds a significant interest. Channel also reports the filing of its financial report for the first quarter ended December 31, 2007
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| Fri Jan 18, 2008 Channel Issues Options, Files Annual Financial Statements Channel Resources Ltd. announces that it has granted stock options to certain directors and officers of the Company to purchase an aggregate of 100,000 common shares at an exercise price of $0.115 per share. The Company also advises that it has filed its audited annual financial statements for the year ended September 30, 2007 on the SEDAR system, together with its management discussion and analysis (MD&A) for the same period. | Read Online | |
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