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Zachary Reichard | zreichar@mlive.com
The Bay City Times
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NEW YORK — John Tortorellas brief, mostly snarky, often caustic encounters with the media covering these playoffs have become an ongoing, mildly amusing sideshow.
While the media may not like it, theyre not the story. And how the New York Rangers head coach treats them or mistreats them, as the case may be, is really moot when it comes to the outcome of this series with the New Jersey Devils, which is now tied at one game apiece.
What is not moot, however, is the high-stakes game of poker Tortorella is playing with his lineup as he tries to coax more offense and fewer mistakes out of his crew. Specifically, Tortorella is squarely on the line because of his decision to bench the teams highest-paid player (in terms of annual cap hit), Marian Gaborik, for most of the third period after a costly turnover led to the Devils tying goal in Game 2.
Of course, on the line is exactly where Tortorella has spent most of his coaching career. And its not as if Tortorella doesnt have a history of coming down on his players for miscues.
Go back to his days with the Tampa Bay Lightning, with whom he won a Stanley Cup in 2004, and the Lightnings biggest stars, Martin St. Louis, Vincent Lecavalier and his current go-to guy in New York Brad Richards, werent spared time stapled to the bench for various misdeeds.
Thats life with Tortorella, and hell make no apologies for the way he conducts his business.
I think all coaches do it. Youre trying to put players into situations that are going to try to help you to win games or help you in certain situations and momentum swings. Conversely, some guys when you just dont think its working, they dont see the ice or they dont get the minutes. So those are decisions that we make every game, Tortorella said Thursday during one of his more loquacious encounters with the media this playoff year.
You guys like calling them benchings and all that stuff, but as coaches were trying to find a way to win a hockey game, and we make decisions accordingly.
Tortorella made a point of saying the blame for Game 2s loss doesnt lie with any one player. Yet, he also pointed to the Devils second goal as a key moment in the game.
Gaborik failed to clear the puck from the Rangers zone and moments later fourth-line center Ryan Carter deflected home a Bryce Salvador shot to tie the game at 2-2 with 1:51 left in the second period.
I thought the second goal they scored at the end of the period to tie it up was a really big play in that game, and thats not an offensive play, thats a defensive play and we get hurt there, Tortorella said.
Gaborik went more than half the third period before getting his first shift. He played 3:07 later in the third period, but was not on the ice in the final moments with netminder Henrik Lundqvist on the bench for an extra attacker.
The sniper acknowledged to reporters after the game that he has to be better in that situation. He also indicated he wants to be on the ice during those critical situations late in games.
These kinds of decisions are a high-wire act at the best of times. In the playoffs, where every loss is another step toward watching from the sidelines, you cant afford to be wrong.
As a coach, and especially the coach of a team whose work ethic is part of its DNA, making a statement that soft play wont be tolerated has to be balanced against hampering your teams ability to win.
Had Gaborik played more, would the Rangers chances of tying and winning Game 2 have gone up?
No one can answer that definitively, but a man who scored 41 times during the regular season and has shown flashes of that talent in the postseason, where he has scored four more including a triple-overtime game winner, would seem to be the kind of guy who would enhance your chances of finding a much-needed goal.
The Rangers have not scored more than three goals in any game since their first outing against Ottawa, a stretch of 15 games. And when youve got other weapons that are struggling — like captain Ryan Callahan, who has just one goal in his last 12 games — maybe there was a better way to make such a stand.
But if your coaching philosophy is based on consistency and you have consistently shown that players will be treated in a certain manner if they fail to get the job done, then maybe Tortorella had no other option but to do as he did.
When you have a potential game-breaker on the bench in a one-goal game, thats a pretty clear message, former Lightning captain Dave Andreychuk told ESPN.com Thursday.
Not that any of this is a surprise to Andreychuk, who was the first to hoist the Cup in June 2004 when the Lightning defeated Calgary in seven games.
We went through that here with Vinny [Lecavalier]. He was hard on him. He demanded a lot of him and I truly believe he got the best out of him, Andreychuk said of Tortorella.
But its always truly about the team. Hes not going to cover anything up or let things slide. Thats what I respected more than anything else about him.
As for Tortorellas running skirmish with the media, Andreychuk said he and St. Louis talked about it while playing golf Thursday. They both believe it is purely an effort by Tortorella to take pressure off the players by creating a distraction.
Andreychuk recalled the war of words between then-Philadelphia Flyers head coach Ken Hitchcock and GM Bob Clarke and Tortorella during the 2004 Eastern Conference finals. The Lightning understood then that this was a way of deflecting attention and giving the team breathing room.
Thats John. Thats what he does, Andreychuk said.
Although he wasnt speaking about Gaborik specifically, Tortorella did address the balance between adjusting the Rangers game plan and simply finding more will to win with Game 3 set for Saturday afternoon in Newark, NJ
I think as youre involved in the playoffs and the further you go in it, youre looking for big plays at key times, Tortorella said. We have found our way. One of the most important ingredients for us to be consistent and to be able to play at this time of the year is really to play as a team and not have any one specific guy be the guy.
So to answer your question, I think its not just one person that were looking to get hot. Were looking for the group of them to continue to play under our team concept, but also someone step up each and every period or each and every game or a key time to make a big play, and I think thats where you find your way.
In a short stint one summer, I worked as a reporter at The Buffalo News, a paper owned by Warren Buffett. The News operates from a small, squat building downtown, a modernist structure with thick stone and jutting overhangs. The newsroom inside seems to contain more empty desks than full ones. When a reporter passed away a few years back, dropping dead from an unexpected heart attack, his friend placed the potted plants he kept at the office on the now-empty desk. They’ve continued to grow from that spot ever since, cared for by that friend.
You see, The News didn’t need the desk. It never hired anyone to fill it. Like all local newspapers, it’s faced years of cutbacks and buyouts. Still, folks at The News did not seem as down on the business as other newspaper people. Somewhere, in the back of their minds, I think Buffett’s ownership offered a measure of security.
When Buffett announced yesterday he had bought a collection of 63 newspapers from Media General, I wondered how many empty desks exist in those newsrooms. And how many there are in the other newspapers in Buffett’s company, Berkshire Hathaway: Back in December, Buffett bought his hometown Omaha World-Herald. He’s the largest shareholder of the Washington Post Co., with a 23% stake, and owns some Gannett shares.
These newspapers bring as much red ink as black. Media General posted a $83 million loss last year; it last turned a profit in 2007. While the Post Co. as a whole is profitable, its newspaper business is certainly not. That division’s first-quarter loss nearly doubled, from $12.8 in 2011 to $22.6 million this year. And Gannett’s net income has been halved in five years, to $459 million.
Considering the numbers, it’s hard to understand why Buffett stays such a bull.
“In towns and cities where there is a strong sense of community, there is no more important institution than the local paper,” Buffett said in a statement yesterday. “The many locales served by the newspapers we are acquiring fall firmly in this mold and we are delighted they have found a permanent home with Berkshire Hathaway.”
The moves certainly lacks his hallmark strategy. Buffett ascribes great importance to a company’s moat, a measure of how well it can withstand pressure and keep growing. He’ll take stakes when he senses a strong barrier to entry in an industry. He’s known for investing in companies with a durable competitive advantage–businesses that can’t be tossed around by rivals.
Does this sound like the newspaper business? Weakened from the Internet era, newspapers have an incredibly small moat. At The News, it was a standing joke that it seemed like the competing TV and radio stations read our stories word-for-word on air. “Newspapers, while they once had a moat, no longer have one,” says Paul Larson, Morningstar’s chief equities analyst who oversees its moat-rating system. “The Internet has certainly lowered the barrier to entry. It costs essentially nothing to start a blog and write, ‘So-and-so’s dog is dead. A tragedy.’ “
Morningstar gives Gannett a No Moat rating. Ditto for The New York Times Co. It assigned the Post Co. a Narrow Moat rating, a notch up from its rivals. But that was due to the Post Co.’s Kaplan education business.
ACAPULCO, Mexico (Reuters) – If Greece leaves the euro zone it could detonate a global financial crisis even worse than the 2008 credit crunch, dry up global trade financing and spur another US recession, former Mexican central bank governor Guillermo Ortiz said on Friday.
Heavily-indebted Greece is heading toward a snap election next month and global financial markets have swooned on fears the country could reject terms of an international bailout and pull out of the euro.
NEW YORK (MainStreet) — Car buyers who take possession of a new vehicle before the financing is complete are at risk of getting blind-sided financially.
Dealers can repossess the vehicle and only offer it back under onerous terms. How can you beat the yo-yo syndrome? One major online car trading website has a few answers.
No doubt, consumers are starting to line up to buy cars again, after several years of soft sales.
According to JD Power amp; Associates, new vehicle sales were up 5% in Feb. 2012 compared to the year earlier period.
PARSIPPANY, N.J., May 03, 2012 (BUSINESS WIRE) –
Pacira
Pharmaceuticals, Inc.
/quotes/zigman/3627855/quotes/nls/pcrx PCRX
-5.60%
today announced that it has
secured a $27.5 million debt financing facility through Oxford Finance.
Pacira will use the proceeds from this financing to refinance the
remaining principal of its outstanding term loan and for general
corporate purposes. The refinancing allows Pacira to defer the first
monthly payment of principal until December 1, 2013. In addition, the
refinancing was achieved at a lower interest rate compared to the
existing term loan rate and the interest rate is fixed, eliminating any
future interest rate risk.
“This debt refinancing, coupled with our recently announced equity
financing that resulted in $63.2 million of net proceeds, secures the
strong balance sheet that we need to fully leverage the value-generating
opportunities inherent in EXPAREL(R) (bupivacaine liposome
injectable suspension),” said James S. Scibetta, chief financial officer
of Pacira. “We recently launched EXPAREL in the United States, and we
will have six quarters of sales behind us by the time our initial
monthly principal obligation begins at the end of 2013. Our reinforced
balance sheet should also allow us to expand the indications for EXPAREL
and pursue potential ex-U.S. partnerships from a position of strength.”
The facility includes an interest rate of 9.75% and requires monthly
interest-only payments until December 2013, followed by a 30-month
principal amortization period. In addition, Oxford Finance will receive
warrants to purchase an aggregate of 162,885 shares of Pacira common
stock at an exercise price of $10.97.
The description of the debt financing in this press release does not
purport to be a complete description. The statements in this press
release are qualified in their entirety by reference to the description
of the debt financing transaction contained in a Current Report on Form
8-K filed by Pacira with the Securities and Exchange Commission and the
debt financing documents that will be attached as exhibits to the
Quarterly Report on Form 10-Q that will be filed by Pacira with the SEC.
About Pacira
Pacira Pharmaceuticals, Inc.
/quotes/zigman/3627855/quotes/nls/pcrx PCRX
-5.60%
is an emerging specialty
pharmaceutical company focused on the clinical and commercial
development of new products that meet the needs of acute care
practitioners and their patients. The company’s current emphasis is the
development of non-opioid products for postsurgical pain control, and
its lead product, EXPAREL(R) (bupivacaine liposome injectable
suspension), was commercially launched in the United States in April
2012. EXPAREL and two other commercially available products have
utilized the Pacira proprietary product delivery technology DepoFoam(R),
a unique platform that encapsulates drugs without altering their
molecular structure and then releases them over a desired period of
time. Additional information about Pacira is available at
http://www.pacira.com .
Forward-looking Statements
Certain of the statements made in this press release are forward
looking, such as those, among others, relating to expanding the
indications for EXPAREL and entering into potential ex-U.S.
partnerships. Actual results or developments may differ materially from
those projected or implied in these forward-looking statements. Factors
that may cause such a difference include, without limitation, the
adequacy of available cash and available amounts under our credit
facilities to meet our future liquidity needs, our ability to
successfully research, develop and obtain and maintain regulatory
approvals for our product candidates and general economic and industry
conditions. Additional risks and uncertainties relating to the proposed
offering, Pacira and our business are discussed in the “Risk Factors”
section of our most recent Annual Report on Form 10-K for the fiscal
year ended December 31, 2011 and in other filings that we periodically
make with the SEC. In addition, the forward-looking statements included
in this press release represent our views as of the date of this press
release. We anticipate that subsequent events and developments will
cause our views to change. However, while we may elect to update these
forward-looking statements at some point in the future, we specifically
disclaim any obligation to do so. These forward-looking statements
should not be relied upon as representing our views as of any date
subsequent to the date of this press release.
SOURCE: Pacira Pharmaceuticals, Inc.
Company Contact:
Pacira Pharmaceuticals, Inc.
James S. Scibetta, 973-254-3570
or
Media Contact:
Pure Communications Inc.
Dan Budwick, 973-271-6085
Copyright Business Wire 2012
/quotes/zigman/3627855/quotes/nls/pcrx
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PCRX
Pacira Pharmaceuticals Inc.
US
: U.S.: Nasdaq
$
9.94
-0.59
-5.60%
Volume: 204,259
May 17, 2012 4:00p
P/E RatioN/A
Dividend YieldN/A
Market Cap$340.28 million
Rev. per Employee$147,586
/quotes/zigman/3627855/quotes/nls/pcrx
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PCRX
Pacira Pharmaceuticals Inc.
US
: U.S.: Nasdaq
$
9.94
-0.59
-5.60%
Volume: 204,259
May 17, 2012 4:00p
P/E RatioN/A
Dividend YieldN/A
Market Cap$340.28 million
Rev. per Employee$147,586
Financial Glossary
Words used in this article:
RYE BROOK, N.Y., May 03, 2012 (BUSINESS WIRE) –
Full Circle Capital Corporation
/quotes/zigman/119626/quotes/nls/full FULL
-4.03%
announced the closing of
a $4.25 million senior secured credit facility with Matt Martin Real
Estate Management LLC, a provider of real property management and
marketing services based in Arlington, Virginia. The credit facility
consists of a senior term loan to be used for debt refinancing, funding
of growth opportunities and working capital.
About Full Circle Capital
Full Circle Capital Corporation
/quotes/zigman/119626/quotes/nls/full FULL
-4.03%
is a Rye Brook, New York
based closed-end investment company that has elected to be treated as a
business development company under the Investment Company Act of 1940.
Full Circle Capital lends to and invests in senior secured loans and, to
a lesser extent, mezzanine loans and equity securities issued by smaller
and lower middle-market companies that operate in a diverse range of
industries. Full Circle Capital’s investment objective is to generate
both current income and capital appreciation through debt and equity
investments. For additional information visit the company’s web site
www.fccapital.com .
Forward-Looking Statements
This press release contains forward-looking statements which relate to
future events or Full Circle Capital’s future performance or financial
condition. Any statements that are not statements of historical fact
(including statements containing the words “believes,” “plans,”
“anticipates,” “expects,” “estimates” and similar expressions) should
also be considered to be forward-looking statements. These
forward-looking statements are not guarantees of future performance,
condition or results and involve a number of risks and uncertainties.
Actual results may differ materially from those in the forward-looking
statements as a result of a number of factors, including those described
from time to time in Full Circle Capital’s filings with the Securities
and Exchange Commission. Full Circle Capital undertakes no duty to
update any forward-looking statements made herein.
SOURCE: Full Circle Capital Corporation
Company:
Full Circle Capital Corporation
John E. Stuart, CEO
914-220-6300
Jstuart@fccapital.com
or
Investor Relations:
Lippert/Heilshorn & Associates
Stephanie Prince/Jody Burfening
212-838-3777
sprince@lhai.com
Copyright Business Wire 2012
/quotes/zigman/119626/quotes/nls/full
Add to portfolio
FULL
Full Circle Capital Corp.
US
: U.S.: Nasdaq
$
7.15
-0.30
-4.03%
Volume: 34,889
May 17, 2012 3:58p
P/E Ratio10.85
Dividend Yield12.82%
Market Cap$46.33 million
Rev. per EmployeeN/A
/quotes/zigman/119626/quotes/nls/full
Add to portfolio
FULL
Full Circle Capital Corp.
US
: U.S.: Nasdaq
$
7.15
-0.30
-4.03%
Volume: 34,889
May 17, 2012 3:58p
P/E Ratio10.85
Dividend Yield12.82%
Market Cap$46.33 million
Rev. per EmployeeN/A
Financial Glossary
Words used in this article:
When Heidi Krieger, who recently purchased a one-bedroom co-op in Cleveland Park, first started looking at co-ops and condos, her first concern was to find a home she loved. Her second priority was to make sure the monthly fees were affordable.
I fell in love with Cleveland Park, the Tudor-style co-op building and, most important, the unit itself, Ms. Krieger said. Once I did the research and understood how co-op financing works, I was ready to buy.
Co-op ownership differs from condominium ownership in one essential way: The homes are not owned by individuals. Instead, the co-op owners are members of a nonprofit corporation, known as the cooperative association, which owns the property. Members own co-op shares according to the size of their homes.
Co-op owners dont really own real estate; it is more like a lease, said John Heithaus, chief marketing officer of Metropolitan Regional Information Systems (MRIS) in Rockville. The co-op shares have the potential to appreciate, and homeowners still have the ability to deduct their mortgage interest in the co-op loan.
Susan Isaacs, a Realtor with Coldwell Banker Residential Brokerage in the Dupont Circle office, said there are approximately 120 co-op buildings in the city. Her website (www.susanisaacsre.com, click on Tools2Use) provides extensive information about purchasing a co-op and lists co-op buildings in the District.
While some buyers assume that buying a co-op is complicated, the process is actually not nearly as scary as it sounds, Ms. Isaacs said. Co-ops tend to a have a lower price per square foot than condos, and even though they often have higher co-op fees, those fees include property taxes, and some even include utilities and a maintenance staff.
Financing a co-op purchase is similar to paying for any other property, except that not all lenders offer co-op loans. Financing a co-op requires approving both the borrower and the building, so lenders need to review the buildings assets in addition to qualifying the borrower, Mr. Heithaus said.
Buyers need to find out which lenders provide co-op loans, but most co-op buildings have a list of lenders who have approved other loans in the building, said Charles Vance, an area sales manager for Wells Fargo Home Mortgage in the District.
Lenders who provide co-op loans usually have a list of buildings that have already been approved for a loan, but if the building isnt on the list, the lender will need to review the co-ops financial information and insurance. Approving a building can add a few weeks to the loan process.
Mr. Vance said Federal Housing Administration loans are not available on co-ops.
Only conventional loans are available on co-ops, and they are limited to owner-occupants, he said. Borrowers will have to make a minimum down payment of 10 percent for a co-op.
Other than the larger down payment, Mr. Vance said co-op borrowers will need qualifications similar to those of conventional-loan borrowers, including a solid credit score and sufficient income and assets to handle the mortgage payments.
While Ms. Isaacs and Ms. Krieger said interest rates on a co-op mortgage may be slightly higher than for a condo, Mr. Vance said interest rates are close to the same on both types of loans.
As Ms. Krieger found out, buying a co-op requires not only financial approval from a lender, but also personal approval from the co-op board.
My interview with the co-op board went really well, and then I was elected to the board as soon as I moved in, Ms. Krieger said. The building has just 13 homes, and it seems like a pretty relaxed group of homeowners.
Story Continues rarr;
View Entire Story
BOISE, Idaho, May 3, 2012 /PRNewswire via COMTEX/ –
Thunder Mountain Gold, Inc. (the Company)
/quotes/zigman/243561 CA:THM
0.00%
(otcqb:THMG), a junior gold exploration mining company is pleased to announce that it has consummated a US$1.0 million convertible promissory note (the “Convertible Note”) as part of the financing agreement with Idaho State Gold Company, LLC an Idaho Limited liability company (“ISGC”). The Closing took place on May 1, 2012 and the Company received US$1,000,000.
The Convertible Note associated with the Project financing provides working capital required to advance the Company’s projects and achieve some of its near-term milestones. The Company’s President, Eric Jones, said “The Board and management are grateful to our partner – Idaho State Gold – for believing in our vision and ability to achieve our goal of developing the South Mountain Project. We are looking forward to the coming months of project development.”
Drafting of the Joint Venture Agreement is underway, following the execution of a Letter of Intent (the “Letter of Intent”) with the Boise Idaho-based private equity group, as announced in the Company’s April 18, 2012 news release. The Letter of Intent outlines a plan where Idaho State Gold can earn up to a 75% participating interest in the project with an investment of US$18.0 million in the project. The objective of the Joint Venture Agreement will be to advance the South Mountain property toward production, subject to completion of a positive feasibility study on the project.
Prior to its maturity date, the Convertible Note is convertible only upon the occurrence of certain events and during certain periods (“Mandatory Conversion”), and thereafter, at any time at the discretion of ISGC (“Voluntary Conversion”). Mandatory Conversion will occur when the Company and ISGC enter into and consummate a Joint Venture Agreement, and then the entire principal and accrued interest under the Convertible Note will be deemed a capital contribution under any Joint Venture Agreement. The Convertible Note will be secured by a first priority security interest over all of the Company’s assets and will pay interest at a rate of 8.00% annually. The Convertible Note is due and payable on or before the earlier of the following dates: (i) June 30, 2012, or (ii) fourteen business days following the date on which the parties mutually agree that they will not finalize a Joint Venture Agreement. If ISGC and the Company do not execute and consummate a Joint Venture Agreement prior to the maturity date of the Convertible Note, then ISGC can voluntarily convert any or all of the unpaid principal and interest due under the Convertible Note. Upon voluntary conversion, ISGC will receive shares of the Company’s common stock equal to a conversion price of $0.08 per share.
There were no finder’s fees payable in connection with transaction and no registration rights were granted in conjunction with the Convertible Note or securities issuable under the Convertible Note.
The proceeds of the Convertible Note are required to be used for the following purposes:
general corporate purposes,
initiation of continued exploration work at the South Mountain project, and
advancement of the Company’s other exploration projects, including Trout Creek, West Tonopah, Iron Creek/ CAS and Clover Mountain
The Convertible Note is subject to the approval of the TSX Venture Exchange.
In addition, the Convertible Note and securities issuable under the Convertible Note, are “restricted securities” under the United States Securities Act of 1933, as amended (the “Act”), and unless so registered, may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Act and applicable state laws.
Private Placement
The Company also announces that has approved a new non-brokered private placement of up to 4,000,000 units (each a “Unit”) at a price of US$0.12 per Unit for aggregate gross proceeds of US$500K (the “Private Placement”). Each Unit will be comprised of one share of common stock and one-half of one common stock purchase warrant (each a “Warrant”) entitling the holder to purchase one additional share of common stock of the Company for a period of one year following the closing of the Private Placement at a price of US$0.20 per share. The Warrants will be subject to an accelerated exercise period in the event that the Company’s shares trade at a price of greater than US$0.25 per share for 10 consecutive trading days at any time during the period following six months after the closing of the Private Placement. The Company may pay cash finders’ fees and issue finders’ warrants in connection with the sale of Units attributable to arms-length finders, as permitted under the policies of the TSX Venture Exchange. The proceeds raised pursuant to the Private Placement will be used for the following:
exploration on the newly completed option on the Iron Creek cobalt gold project,
initiation of exploration on the Thunder Mountain Gold/ Newmont Mining Trout Creek joint venture, and
professional and other expenses relating to the negotiation of a definitive Joint Venture Agreement
The private placement remains subject to the approval of the TSX Venture Exchange. The securities issued in the private placement will be subject to a four-month hold period in accordance with the policies of the TSX Venture Exchange and applicable Canadian securities legislation. In addition, the securities will be “restricted securities” under the United States Securities Act of 1933, as amended.
The Company further announces that it will not be proceeding with the private placement of up to 2,500,000 common shares at a price of C$0.20 per share originally disclosed in its news releases dated December 9, 2011 and December 12, 2011.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Notes, nor shall there be any sale of these securities, in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state.
About Thunder Mountain Gold, Inc.
Thunder Mountain Gold, a junior gold exploration company founded in 1935, holds a 100% interest in several U.S. gold projects. The Company’s principal assets are The South Mountain Project – a historic former producer of gold, silver, zinc, lead, and copper, located in southern Idaho, just north of the Nevada border, and their Trout Creek Project – a grass roots gold target in the Eureka-Battle Mountain trend of central Nevada, currently under Joint Exploration Agreement with Newmont Gold. For more information on Thunder Mountain, please visit the Company’s website at
www.Thundermountaingold.com .
U.S. Securities Act of 1933
This press release does not constitute an offer of any securities for sale or a solicitation of an offer to purchase any securities.
Forward-Looking Statements
This press release contains forward-looking statements that are based on the beliefs of management and reflect the Company’s current expectations. The forward-looking statements in this press release also include information relating to the intention of the Company to complete a Joint Venture Agreement with ISGC pursuant to the Letter of Intent with ISGC previously disclosed. The forward-looking statements are based on certain assumptions, which could change materially in the future, including the assumption that the Letter of Intent and/or Convertible Note will lead to a definitive Joint Venture Agreement, that the transactions contemplated in the Letter of Intent will be completed, and that the Company will successfully consummate the intended Joint Venture. By their nature, forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include the risk that the transaction contemplated in the Letter of Intent may not result in a binding definitive agreement and any agreement may have terms and conditions different from those contemplated in the Letter of Intent that the Joint Venture may not be completed, and the Company may not advance the Projects contemplated in this press release. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on forward-looking information. Forward-looking information is provided as of the date of this press release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required in accordance with applicable laws.
The risks and uncertainties that could affect future events or the Company’s future financial performance are more fully described in the Company’s quarterly reports (on Form 10-Q filed in the US and the financial statements and Form 51-102F1 filed in Canada), the Company’s annual reports (on Form 10-K filed in the US and the financial statements and Form 51-102F1 filed in Canada) and the other recent filings in the US and Canada. These filings are available at
www.sec.gov in the US and
www.sedar.com in Canada. For all such forward-looking statements, the Company claims the safe harbor for forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All information in this release is as of May 2, 2012. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company’s expectations.
Cautionary Note to Investors
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The United States Securities and Exchange Commission (“SEC”) permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce.
For further information, please contact:
Thunder Mountain Gold Inc.
Eric Jones, President and C.E.O.Email: eric@thundermountaingold.comPhone: (208) 658-1037
Jim Collord, Vice President and C.O.O.Email: jim@thundermountaingold.com
SOURCE Thunder Mountain Gold, Inc.
Copyright (C) 2012 PR Newswire. All rights reserved
/quotes/zigman/243561
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CA:THM
Thunder Mountain Gold Inc.
CA
: Canada: TSX Venture
$
0.09
0.00
0.00%
Volume: 2,000
March 28, 2012 12:00a
P/E RatioN/A
Dividend YieldN/A
Market Cap$2.58 million
Rev. per EmployeeN/A
Financial Glossary
Words used in this article:
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