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Salida 'back from the abyss'

The Globe and Mail
Ryan Enn Hughes
Published August 13, 2009
This article was published more than 10 years ago. Some information in it may no longer be current.
The is an excerpted version of a Globe Investor Magazine online feature. It ran in Friday s Globe and Mail. To read the full version click here.
When Salida Capital Corp. beat all other bidders in a charity auction last month to score lunch with Warren Buffett, the $1.68-million (U.S.) win sent a signal to Bay Street: Salida is back.
Salida, the once high-flying, resource-focused hedge fund manager known for its appetite for risk, became one of Canada s high-profile victims of last year s market meltdown when its flagship Multi Strategy Fund plunged 67 per cent and three of its hedge funds got locked up in the Lehman Brothers Holdings Inc. bankruptcy. ....

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Castlebar Capital Corp. Announces Proposed Qualifying Transaction

Castlebar Capital Corp. Announces Proposed Qualifying Transaction
Castlebar Capital Corp.
(TSXV: CBAR.P) ( Castlebar or the Company ) is pleased to announce that it has entered into a non-binding letter of intent (the LOI ) dated December 9, 2020 with 1162832 B.C. Ltd. (the Assignor , a British Columbia corporation) respecting a proposed transaction (the Transaction ) pursuant to which Castlebar intends to assume all of 1162832 s right, title and interest, as optionee, in and to a property option agreement (the Option Agreement ) dated January 10, 2019, as amended September 10, 2020, respecting the Southern Spectrum mineral property (the Property ) in British Columbia. Under the LOI, Castlebar and the Assignor have agreed to act in good faith to draft, negotiate and execute a definitive agreement (the Definitive Agreement ) respecting the Transaction, which will supersede the LOI. ....

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