Posts From King World News

Polar Securities commits to not redeeming Central GoldTrust units for at least eight months

[PR Newswire] – NYSE MKT:GTU) today committed that if Polar’s proposed unit redemption feature is adopted by CGT, Polar will not redeem its units in 2015. “We hope this commitment to our fellow unitholders to forgo redemptions from the Trust for a period of at least eight months, demonstrates that Polar is looking out for the best interests of all unitholders. We believe that our proposal also improves the probability

Tuesday, April 21: Today in Gold and Silver

NEW YORK (TheStreet) — The gold price didn’t do much, or wasn’t allowed to do much—take your pick—in morning trading in the Far East on Monday.  The low tick over there came at 1 p.m. Hong Kong time.  From that point it rallied to its high tick at the 8:00 a.m. BST London open—and JPMorgan et al were waiting.  The low tick came about fifteen minutes before the London close. 

Gas prices rise as colder weather increases demand

British gas prices inched up on Tuesday as demand stabilised after temperatures fell again following last week’s mild weather. Britain’s Met Office forecast temperatures would be between 7 to 10 degrees on Tuesday across the country, with the skies expected to be cloudier across parts of northern and eastern Britain at night. National Grid data showed supply was forecast at 203 million cubic metres (mcm) on Tuesday, while demand was

U.S. court hears Chevron's fraud claims in $9.5 billion Ecuador dispute

Chevron Corp urged a U.S. appeals court on Monday to uphold a ruling finding that an American lawyer used corrupt means to secure a $9.5 billion pollution judgment in Ecuador.A lawyer for Chevron told the 2nd U.S. Circuit Court of Appeals in New York that Steven Donziger, a U.S. lawyer who represented a group of Ecuadorians that sued the oil giant, pursued a case “shot through with fraud.” “What happened

AuRico Gold Closes Previously Announced Private Placement

[PR Newswire] – TORONTO, April 20, 2015 /PRNewswire/ – AuRico Gold Inc. (AUQ) (AUQ),(“AuRico” or the “Company”) today announced the closing of its previously announced non-brokered private placement pursuant to which Alamos Gold Inc. subscribed for approximately 27.9 million common shares of AuRico, representing approximately 9.9% of AuRico’s outstanding common shares after giving effect to the private placement. The common shares were acquired at a price of US$2.99 per share,