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
Darnley Bay Announces Private Placement and Management Appointments

TORONTO, ONTARIO -- (Marketwire) -- 01/31/13 -- Darnley Bay Resources Limited (TSX VENTURE:DBL) (the "Company" or "Darnley Bay") is pleased to announce that it intends to complete a non-brokered private placement of up to 13,000,000 units at a price of $0.05 per unit, for aggregate gross proceeds of up to $650,000. Each unit will consist of one common share in the capital of the Company (a "Common Share") plus one warrant. Each warrant will entitle the holder thereof to purchase one Common Share for a period of three years from the date of issuance of the warrants at an exercise price of $0.10 per Common Share. The private placement is being made on a best-efforts basis and is subject to regulatory approval.

Darnley Bay is also pleased to announce that the Board of Directors has appointed Jamie Levy as President, Chief Executive Officer and a Director of the Company. Mr. Levy has been involved in finance over a 20-year career, beginning as a financial advisor and more recently as Vice-President of Pinetree Capital, an investment and venture capital firm focused on investing in early stage micro and small-cap resource companies.

The Company further announces that Kerry Knoll, a Director of the Company since 2009, has been appointed to the position of non-executive Chairman of the Board of Directors. Mr. Knoll is well known in the mining industry and is currently non-executive Chairman of Canada Lithium Corp. which is completing construction of Canada's only lithium mine near Val d'Or, Quebec. He is also non-executive co-chairman of Stonegate Agricom Ltd. which is advancing a phosphate project in Idaho into production. Previously, Mr. Knoll was co-founder of a number of successful mining companies, including Wheaton River Minerals Ltd., Thompson Creek Metals Company and Glencairn Gold Corporation.

The funds from the private placement will be used to make the final payment (with interest) to the Inuvialuit Regional Corporation under the mineral concession agreement signed December 22, 2009, as well as property access fees, and for general working capital. Once the payment has been made the Company must incur $242,000 in exploration expenditures in 2013 on the property and a further $1,000,000 per year thereafter until a total of $13,000,000 has been spent. A total of $6,758,000 has been spent under the 2009 agreement.

The Darnley Bay property hosts North America's strongest isolated gravity anomaly which has been favourably compared by the Geological Survey of Canada (the "GSC") to other prominent gravity anomalies such as those at the prolific mining camps of Noril'sk in Russia and Sudbury Basin in Ontario. It is located near Paulatuk, Northwest Territories on the Arctic Coast. The Darnley Bay anomaly is larger and stronger than any of these comparatives by a wide margin, measuring100 kilometres long north to south and about 80 kilometres wide. The GSC discovered the anomaly in 1969 and its source has never been explained. The Company has 100% control of its exploration and potential development subject to certain back-in and other rights of the Inuvialuit Regional Corporation on whose land it occurs.

Extensive geophysical work by the Company has identified 41 gravity, magnetic and electromagnetic targets widely distributed over the extent of the anomaly, in addition to larger zones of exploration significance. Previous attempts to drill the property have been hampered by difficult overburden and other ground conditions, and the Company intends to consult drilling specialists in order to overcome this in the future. A 43-101 report prepared by Stephen Reford, P. Eng., and filed March, 2012 recommends an exploration and drilling strategy to fully test the base and precious metal potential of the property at an estimated cost of $5,200,000. The Company continues to discuss various financing and joint venture proposals in order to undertake this work.

Darnley Bay also announces that 2,500,000 options to purchase Common Shares at a price of $0.05 per Common Share have been issued to directors, expiring on January 30, 2018.

Forward-Looking Information

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that Darnley Bay expects are forward-looking statements. Although Darnley Bay believes the expectations expressed in such statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the statements. There are certain factors that could cause actual results to differ materially from those in forward-looking statements. These include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on Darnley Bay, investors should review registered filings at www.sedar.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts:
Darnley Bay Resources Limited
Jamie Levy
President and CEO
(416) 862-7885
(416) 862-7889 (FAX)
jamie.levy@darnleybay.com
www.darnleybay.com

About Marketwired .
Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Cloud Developer Stories
This independent report from Info-Tech evaluates and scores 14 companies in the Virtual Machine Backup market. It can help you understand what's new in the virtual backup market, evaluate virtual backup vendors and products for your needs and determine which products are most app...
Avaya has escalated its efforts to get customers to fast-track to the cloud with the first of several sweeping initiatives that will optimize solutions and processes for delivery of collaboration as a service (CaaS) via the Avaya Collaborative Cloud. Strong demand for Avaya commu...
CodeFutures, a provider of agile Big Data technologies, on Tuesday announced the release of Cory Isaacson’s newest book, “Understanding Big Data Scalability.” Isaacson is the CEO/CTO for CodeFutures and an industry-leading innovator of data management software. “Understanding Big...
We are reaching the end of the beginning with WebRTC and real systems using this technology have begun to appear. One challenge that faces every WebRTC deployment (in some form or another) is identity management. For example, if you have an existing service – possibly built on a ...
Cloud Computing is evolving into a Big Three of Amazon Web Services, Google Cloud, and Microsoft Azure. Cloud 360: Multi-Cloud Bootcamp, being held Nov 4–5, 2014, in conjunction with 15th Cloud Expo in Santa Clara, CA, delivers a real-world demonstration of how to deploy and co...
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

Breaking Cloud Computing News

Juniper Networks (NYSE: JNPR), the industry leader in network innovation, today rep...