Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Expo on Google News
SYS-CON.TV
Cloud Expo & Virtualization 2009 East
PLATINUM SPONSORS:
IBM
Smarter Business Solutions Through Dynamic Infrastructure
IBM
Smarter Insights: How the CIO Becomes a Hero Again
Microsoft
Windows Azure
GOLD SPONSORS:
Appsense
Why VDI?
CA
Maximizing the Business Value of Virtualization in Enterprise and Cloud Computing Environments
ExactTarget
Messaging in the Cloud - Email, SMS and Voice
Freedom OSS
Stairway to the Cloud
Sun
Sun's Incubation Platform: Helping Startups Serve the Enterprise
POWER PANELS:
Cloud Computing & Enterprise IT: Cost & Operational Benefits
How and Why is a Flexible IT Infrastructure the Key To the Future?
Click For 2008 West
Event Webcasts
Vena Completes Sale of Azulcocha Mining to Trafigura

TORONTO, Nov. 8, 2012 /CNW/ -  Vena Resources Inc. ("Vena" or the "Company") (TSX: VEM, LIMA: VEM, Frankfurt: V1RA, OTC-BB: VNARF, Xetra®: V1RA.DE), is pleased to announce that it has complied with all the requirements set out in the share purchase agreement with Trafigura Beheer B.V. ("Trafigura") that was announced on September 28, 2012, including receipt of the first US$2.5 million tranche payment.  The second tranche of payments totaling an additional US$2.5 million will begin in October 2013.

This transaction has substantially improved the Company's working capital position.  The third quarter financial statements and management's discussion and analysis will be filed on November 15, 2012 and will reflect the positive effect of this transaction.

In accordance with the terms of the share purchase agreement and a related assignment agreement, Trafigura has agreed to pay an aggregate purchase price of US$5 million to Vena as well as a 10% Net Profit Interest ("NPI") on future production, such NPI can be purchased for an additional US$2 million at any time.  The Company will not bear any further costs in connection with the future development and operation of Azulcocha (including previously disclosed accrued liabilities aggregating approximately US$20 million).  Vena will retain its 100% ownership over the significant exploration areas nearby the milling operations, where a multi-million exploration investment has already been made.

Vena intends to continue its efforts to advance its extensive exploration portfolio with Esquilache being the core silver development asset.  Geological campaigns, including metallurgical tests of near-surface mineralization have already been started at Esquilache.

For further information on Vena Resources, please visit the Company website at www.venaresources.com, its Facebook page or contact Juan Vegarra, Chairman and CEO at (416) 364-7739, ext. 120 or jvegarra@venaresources.com.

This news release contains forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward- looking statements include, but are not limited to, statements about the timing of the receipt of regulatory and governmental approvals for our projects; the availability of financing for the development of our properties and planned production on reasonable terms; the ability to complete corporate transactions; and the ability to procure ore in sufficient quantities and on a timely basis. In some cases, you can identify forward-looking statements by terms such as "may", "will", "should", "could", "would", "expect", "plan", "anticipate", "believe", "estimate", "project", "predict", "intend", "potential", "continue" and similar expressions intended to identify forward-looking statements. Forward-looking statements reflect our current views with respect to future events and are based on assumptions and subject to risks and uncertainties. Given these risks and uncertainties, the forward-looking events and circumstances discussed in this news release may not transpire, and you should not place undue reliance on these forward-looking statements. We discuss many of these risks in greater detail under the heading "Risk Factors" current Annual Information Form and its other filings with applicable Canadian securities regulators, which is available online at www.sedar. Also, these forward-looking statements represent our estimates, intentions, plans and assumptions only as of the date of this news release. We undertake no obligation and do not intend to update or revise these forward-looking statements, unless required by law. We qualify all of the information presented in this release, and particularly our forward-looking statements, with these cautionary statements.

SOURCE Vena Resources Inc.

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Cloud Developer Stories
When an enterprise builds a hybrid IaaS cloud connecting its data center to one or more public clouds, security is often a major topic along with the other challenges involved. Security is closely intertwined with the networking choices made for the hybrid cloud. Traditional net...
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the c...
Want to enable self-service provisioning of application environments in minutes that mirror production? Can you automatically provide rich data with code-level detail back to the developers when issues occur in production? In his session at DevOps Summit, David Tesar, Microsoft...
DevOps is all about agility. However, you don't want to be on a high-speed bus to nowhere. The right DevOps approach controls velocity with a tight feedback loop that not only consists of operational data but also incorporates business context. With a business context in the deci...
Some developers believe that monitoring is a function of the operations team. Some operations teams firmly believe that monitoring the systems they maintain is sufficient to run the business successfully. Most of them are wrong. The complexity of today's applications have gone fa...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021



SYS-CON Featured Whitepapers
ADS BY GOOGLE