Orbite Aluminae Inc. (TSX:ORT,OTCQX:EORBF) filed its unaudited Condensed Consolidated Interim Financial Statements for the quarter and the nine month period ended September 30, 2013. The Company reported a decrease in loss before net finance income and income and mining taxes of $2.8 million (56%) compared to the previous quarter in 2013.
Orbite Aluminae Inc. (TSX:ORT,OTCQX:EORBF) filed a preliminary short form prospectus of up to $16 million in Units comprised of Convertible Unsecured Debentures and Share Purchase Warrants of the Company. Orbite Aluminae also secured a binding subscription commitment for $40 million in additional Units in additional funding from Crede Capital Group, who has also agreed to purchase $10 million of Units under the Offering.
Orbite Aluminae Inc. (TSX:ORT,OTCQX:EORBF) provided an update on its financing initiatives. The Company plans to complete an equity offering within the coming weeks and is currently reviewing a number of financing options.
Orbite Aluminae Inc. (TSX:ORT,OTCQX:EORBF) removed the position of Vice President Corporate Development, which was held by Marc Johnson and the position of Vice President Sustainability, which was held by Guy-Louis Boucher, effective today.
Orbite Aluminae Inc. (TSX:ORT,OTCQX:EORBF) filed a preliminary short form prospectus with the securities regulatory authorities in each of the provinces of Canada. This prospectus is in connection with a “best efforts” marketed offering of class A shares and warrants of Orbite (the Offering). Euro Pacific Canada Inc. is set to lead the Offering together with National Bank Financial Inc.
Orbite Aluminae Inc. (TSX:ORT,OTCQX:EORBF) announced results from its Annual General Meeting, held in Quebec on June 20, 2013. Shareholders voted to appoint KPMG LLP as the Company’s auditor and authorized the directors to fix the remuneration of the auditor. All resolutions were passed and all nominated directors were re-elected to the board.
Orbite Aluminae Inc. (TSX:ORT,OTCQX:EORBF) entered into an offtake agreement with Glencore International AG, a subsidiary of Glencore Xstrata plc. The agreement is for the purchase of smelter-grade alumina from the Company’s proposed smelter-grade alumina (SGA) plant in Quebec. As quoted in the press release: The Agreement provides for the purchase by Glencore of 100% of [...]
Orbite Aluminae Inc. (TSX:ORT,OTCQX:EORBF) announced that its annual general meeting of shareholders will be held in Montréal on June 20, 2013.
Orbite Aluminae Inc. (TSX:ORT,OTCQX:EORBF) appointed Denis Arguin as Vice President of Operations and reported an updated capital cost and timeline estimates for completing its high-purity alumina (HPA) production plant in Cap-Chat, Quebec.
Orbite Aluminae Inc. (TSX:ORT,OTCQX:EORBF) adopted a majority voting policy for election of directors, which will allow the shareholders of the Company to vote in favour of or to withhold from voting for each director nominee separately. Orbite Aluminae also announced changes to its Board of Directors.