Host of BTV-Business Television, Taylor Thoen, recaps the business news of the week in under 4 minutes. Today, find out who spent $84 million to consolidate land holdings in Detour Lake? Who bought 3.7 million shares of Ivanhoe Mines? And is there any truth to the flurry of rumours surrounding Research in Motion?
Research in Motion (TSX.RIM) (NASDAQ: RIMM): shares fluctuated this week amid rumours.Rio Tinto (RIO:NYSE, RIO:ASX) resurrects plummeting Ivanhoe Mines (IVN:TSX,NYSE,NASDAQ) shares by purchasing 3.7 million shares.
GASFRAC Energy Services Inc. (TSX: GFS) signs 3 yr contract with Husky Energy (TSX: HSE).American Bonanza Gold Corp. (TSX:BZA) closed $6.1 million financing with National Bank Financial Inc. Queenston Mining Inc (TSX.V QMI) closes $25 million. Sea Dragon Energy (TSX.V: SDX) closed $51 million. Major Drilling Group International (TSX: MDI) closed $70 million. Paladin Energy (TSX:PDN, ASX:PDN) closed $69 million. Aurora Oil and Gas (ASX:AEF) secured $300 million in credit to develop more Texan wells.
Northern Superior Resources Inc. (TSX.V:SUP) recognized by the TSX Venture Exchange and by the Ontario Chamber of Commerce. AXMIN Inc. (TSX V: AXM) and Polo Resources Limited (TSX: POL)(AIM: POL) close a deal worth US$7.5 million. Detour Gold (TSX:DGC) to acquire Trade Winds Ventures (TSX.V: TWD) for C$84 mil.
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