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Strike Minerals, GeneNews, Shoreline, Century Iron, Red Tiger news briefs

Contributed by eResearch

Strike Minerals has adjusted the price of its recently announced non-brokered private placement of up to $500,000 in common share units and flow-through units. The Company will offer a combination of up to 4,117,647 flow-through units at $0.085 per flow-through unit, and up to 2,142,860 common share units at $0.07 per common unit.

GeneNews has entered into a strategic alliance with Shanghai Biochip Co. Ltd. (SBC), a Chinese engineering centre for advanced microarray and gene expression profiling technologies. GeneNews and SBC will establish the first Sentinel Centre for Personalized Medicine (to be based in Shanghai) to co-develop and commercialize additional products based on GeneNews’ proprietary platform technology, the Sentinel Principle®.

Shoreline’s CEO Trevor Folk presented at the Oil and Gas Investment Symposium Conference in San Francisco on September 26, 2012. The conference is an opportunity for publicly-traded independent exploration and production, service and supply, and MLP companies (master limited partnerships) to present their company profiles to the investment community.

Century Iron and WISCO International Resources Development & Investment Limited have completed the formation of their joint venture for Century Iron’s Attikamagen iron property (Quebec/Newfoundland and Labrador), with WISCO International concurrently completing its $20 million investment in the JV. Century Iron’s interest in the Attikamagen project is held by its subsidiary Labec Century Iron Ore Inc., which holds a 56% interest in the project pursuant to a JV agreement with Champion Iron Mines Inc.

Red Tiger has completed a first tranche of its US$2.5 million non-brokered private placement. In this first tranche, US$2 million was subscribed for by insiders of the company, and US$20,000 by non-insiders.