NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
TORONTO, June 15, 2021 (GLOBE NEWSWIRE) Fairfax India Holdings Corporation (“Fairfax India” or the “Company”) (TSX: FIH.U) announces that its Board of Directors has authorized, and the Company has formally commenced, a substantial issuer bid (the “Offer”), pursuant to which the Company will offer to repurchase for cancellation up to US$105 million of its subordinate voting shares (the “Shares”) from shareholders for cash.
“The Offer will allow us to return capital to our shareholders at what we view as an attractive price given our belief that the Company’s recent trading price does not fully reflect the value of our business and future prospects,” said Prem Watsa, Chairman of Fairfax India.
MIL-OSI: Fairfax India Announces US$105 Million Substantial Issuer Bid
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Fairfax India Announces US$105 Million Substantial Issuer
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Foran weighs drill program expansion for McIlvenna Bay on results, $100M investment June 1, 2021
Commodities
McIlvenna Bay. Credit: Foran Mining
Foran Mining (TSXV: FOM) is considering expanding the 30,000-metre drill program under way at its McIlvenna Bay project in Saskatchewan after receiving encouraging results and a deal with Fairfax Financial Holdings for a $100-million investment.
Drilling at McIlvenna Bay continues to define a band of thick, copper-rich mineralization in the Massive Sulphide (MS) and underlying Copper Stockwork zones (CSZ) at the project, including in Hole 216w1, which hit one of the widest high-grade copper intercepts to date.
The infill hole encountered all four zones of the VMS deposit with 40 metres of mineralization reported over a 45-metre length. That included 28.7 metres of continuous mineralization grading 2.05% copper equivalent crossing both the MS and CSZ. The bulk of the intercept, 25.3 metres of 1.72% copper eq
Foran weighs drill program expansion for McIlvenna Bay on results, $100M investment
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