Orbite Technologies Inc. (EORBF) - OTCQX
  • Thu, Mar. 31, 7:36 AM
    | Thu, Mar. 31, 7:36 AM | 2 Comments
  • Mar. 26, 2015, 7:15 PM
    • Timmins Gold (NYSEMKT:TGD) calls off a private placement worth up to $10M that had been announced on Feb. 17; the offering was priced at C$1.25/share, but shares currently are trading below C$1.
    • Also today, Orbite Aluminae (OTCQX:EORBF) called off an offering of debentures and warrants that was expected to raise as much as C$15.5M.
    • Six gold companies raised nearly $800M in the span of two days in January, but raising capital has been a challenge ever since; the one major offering that was announced in March - Silver Wheaton’s (NYSE:SLW) $800M bought-deal - was priced too high and led to big losses for the underwriters, and has put a chill in the mining financing market.
    | Mar. 26, 2015, 7:15 PM | 1 Comment
Company Description
Orbite Technologies Inc. (formerly Orbite Aluminae Inc.) is a Canadian cleantech company whose innovative and proprietary processes are expected to produce alumina and other high-value products, such as rare earth and rare metal oxides, at one of the lowest costs in the industry, and in a... More
Industry: Industrial Metals & Minerals
Country: Canada