Run by investors, for investors - Buffalo Gold puts Sardinia Gold Mines into liquidation

Additional information
Additional	Information
Market:	TSX-V
Sector:	Gold Mining
Epic:	TSX-V:BUF
News:	Latest news
Web Site:	Buffalo Gold
Other Articles:

RSS - Subscribe to the News Today on Proactive UK ▼

Friday July 03, 10:01Commercial property: The contrarian view

The global recession has hit commercial real estate companies hard, with capital values falling 43.6% from their peak in June 2007.

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive AU ▼

Friday July 03, 05:05White Canyon Uranium CEO to progress production at Daneros Uranium Mine in 2009

The company has a new Managing Director and CEO - Peter Batten - as of this week. The Daneros Mine has recently received its Permit to Mine in Utah - with production expected in 2009.

FULL ARTICLE ►

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.

Investors interested in Buffalo Gold recently viewed

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Proactive investors