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Market: TSX-V
Sector: Gold Mining
Epic: TSX-V:BUF
News: Latest news
Web Site: Buffalo Gold
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Saturday March 13, 09:47Premium risk at Prudential

Insurance giant Prudential has stolen the headlines this week, after their decision to buy AIA, the Asian life business of US insurer AIG, has attracted a mixed response from shareholders.

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Friday March 12, 01:39Circadian Technologies to present at Ultimate Healthcare & Biotechnology Event, March 24

Robert Klupacs, CEO of Circadian Technologies, recommended by US Investment Bank Merriman Curhan Ford, as "the Cheapest Little Antibody Company on the Planet" will present in Sydney.

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Friday March 12, 08:51White Energy enters coal deal with China Guodian Group

White Energy Company (ASX: WEC; OTCQX: WECFY) has inked a non-binding heads of agreement with state owned Guodian Inner Mongolian Energy Sources Co Limited to develop a coal upgrading [...]

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Buffalo Gold

Buffalo Gold

Buffalo Gold has a portfolio of projects ranging from grassroots exploration in known gold regions of Australia, to a 1 million ounce advanced gold project in Papua New Guinea, and a gold deposit in Sardinia, Italy.
Monday, December 08, 2008

Buffalo Gold puts Sardinia Gold Mines into liquidation

Buffalo Gold (TSX-V: BUF) fell 15% after the company announced that a Memorandum of Understanding with China Railway Group to invest in the company and its projects in Papua New Guinea and Australia, had terminated.


Adding to investor's woes, Buffalo Gold also announced that it had placed its 90% owned subsidiary, Sardinia Gold Mines into liquidation.  Sardinia Gold Mines owns the Furtei Gold Operations, but will now lose the Furtei and Osilo mineral properties, processing plant and associated assets, though Buffalo Gold will retain exploration tenements over Monte Ollesteddu.  Buffalo Gold was forced to liquidate its subsidiary after it failed to secure funding and could no longer service debts at the operation.


Buffalo Gold's CEO, Brian McEwen, will be replaced by Damien Reynolds, Executive Chairman.

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