Crowflight completes financing, announces CEO departure

TSX-listed Crowflight Minerals has appointed director Kevin Zhu as interim CEO, after chief executive Mark Trevisiol resigned with immediate effect, the firm said on Monday. Crowflight has also issued a C$10-million secured convertible debenture...

Crowflight loss widens, won't restart Bucko Lake before year-end

TSX-listed Crowflight does not expect to restart operations at its flagship Bucko Lake mine in Manitoba before the end of 2010, the company indicated on Tuesday. Crowflight said in early October that it would temporarily Bucko Lake to address...

Crowflight plans another stoppage at Bucko Lake, Jinchuan offer expired

Canadian nickel miner Crowflight has not received an extension to an offer letter from China's Jinchuan Group, and so considers the takeover offer received from Jinchuan to have expired, the company said on Friday. Crowflight also announced that...

Crowflight still battles issues at Bucko Lake

Nickel-miner Crowflight Minerals will miss its productiont target for this month at the Bucko Lake mine, in Manitoba, the company said on Friday. The mill was unavailable six days early in September for relining of the nickel concentrator rod...

Crowflight still talking to Jinchuan on offer

Nickel-miner Crowflight Minerals is still in negotiations with representatives from China's Jinchuan Group on a potential takeover of the company, Crowflight said on Friday. The offer technically expired on August 31, but talks continue and...

Crowflight Q2 loss widens, Jinchuan offer still on

Canadian nickel-miner Crowflight recorded a net loss of C$5,1-million for the second quarter of 2010, compared with a C$3,3-million loss a year earlier. The company said that it has received confirmation from Chinese suitor Jinchuan that its cash...

Crowflight won't meet cost, output forecasts for 2010

Canadian nickel-miner Crowflight Minerals does not expect to meet its 2010 guidance for production and costs, and will provide updated forecasts later in the year after reviewing its operating plans, the firm said late on Monday. Crowflight said...

Jinchuan offers C$150m for nickel miner Crowflight

China's Jinchuan Group has made a C$150-million cash offer for Toronto-based Crowflight Minerals, which operates the Bucko Lake nickel mine in Canada's Manitoba province. Shares in the Canadian company jumped 41,18% on Tuesday morning, to C$0,24...

Crowflight posts Q4 loss after write down

Canadian nickel miner Crowflight Minerals recorded a fourth-quarter net loss of C$22,3-million, compared with a C$28,9-million profit a year earlier, the company said on Thursday. The net loss figure included a C$33,7-million pre-tax write down...

Crowflight closes private placement

TSX-listed Crowflight Minerals raised C$11,55-million in a private placement financing, and will use the funds for the continued ramp-up of its Bucko Lake mine, in Manitoba, as well as for “general corporate and working capital purposes”, the...

Mark Trevisiol new Crowflight CEO

TSX-listed Crowflight Minerals, which owns the Bucko Lake nickel mine, in Manitoba, Canada, has appointed Mark Trevisiol as president and CEO. He replaces Mike Kelly, who has resigned, Crowflight said on Friday, without saying why.

Crowflight announces private placement to Pala

Canada's Crowflight Minerals, which owns the Bucko Lake nickel mine, in Manitoba, has arranged to sell 60-million shares and 30-million warrants to Pala Investment Holdings, in a C$15-million private placement, the firm reported on Wednesday. The...