Active Stocks Investor’s Alert: Cliffs Natural Resources Inc (NYSE:CLF), Weatherford International Plc (NYSE:WFT) 

Cliffs Natural Resources Inc (NYSE:CLF), finished its Tuesday’s exchanging session with – 2.75% misfortune, and shut at $2.83.


Cliffs Natural Resources Inc., a mining and regular assets organization, produces iron mineral and metallurgical coal. It works five iron mineral mines that creates iron metal pellets in Michigan and Minnesota; Koolyanobbing complex arranged in upper east of the town of Southern Cross, which delivers protuberance and fines iron metal; and two metallurgical coal mines situated in Alabama and West Virginia.

In the first place Point Minerals Corp.(FPX.TO) is glad to proclaim that Monday, November 16, 2015 has been set as the date for the Special Meeting of Shareholders to sanction the earlier announced compulsory concurrence with related organizations of Cliffs Natural Resources Inc. (CLF) to buy Cliffs’ 60% responsibility for Company’s lead Decar nickel venture, at a procurement cost of US$4.75 million.

The Transaction constitutes a “related gathering exchange” in the setting of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions, (“MI 61-101”) on the grounds that Cliffs holds more than 10% of the voting securities of First Point. Regard of the Transaction by the Company’s minority shareholders and acknowledgment of the Transaction by the Toronto Stock Exchange will bring about First Point owning 100% of the Project, which includes 60 cases covering around 24,500 hectares situated in the Omineca Mining Division, northwest of the town of Fort St. James, in focal British Columbia.

The Record Date for persons qualified for vote at the Special Meeting will be Friday, October 9, 2015.

The Special Meeting will be held at 2:00 p.m. on November sixteenth in the Boardroom of Computershare Investor Services, situated at 510 Burrard Street, third Floor, Vancouver, British Columbia V6C 3B9. It is unsurprising that the Special Meeting materials will be sent to the enlisted shareholders and to budgetary delegates holding shares advantageously for Non-Objecting Beneficial Owners on October 20, 2015.

On Tuesday, Weatherford International Plc (NYSE:WFT)‘s shares slanted 10.70% to $9.31.

Weatherford International plc (WFT) pronounced that it has chosen not to seek after its already declared simultaneous open offerings of common shares of the Company and compulsorily interchangeable subordinated notes of Weatherford International Ltd., a Bermuda exempted organization and completely claimed auxiliary of the Company.

While financial specialist hobby was solid for this offering, we are unwilling to offer securities at costs that don’t mirror the worth we have made at Weatherford. The Company proceeds on its fearless course of concentrating on its center organizations and the proficiency of its operations. The Company likewise keeps on hoping to convey positive free trade stream out 2015 and years past, has plentiful liquidity, and stays concentrated on producing solid returns for our shareholders.

Weatherford International plc gives hardware and administrations utilized as a part of the penetrating, assessment, culmination, generation, and mediation of oil and common gas wells around the world. The organization offers oversaw weight boring administrations, tallying shut circle, air, oversaw weight, and underbalanced boring; boring administrations, for example, directional penetrating, logging while boring, estimation while boring, and rotating steerable frameworks; and tubular running administrations, which include tubular association and establishment administrations for the boring, finish, and work over of oil or common gas wells.

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About the Author

Tanya Jones
Tanya is a senior reporter for JBH News Sports & Tech section. She graduated from York College, City University of New York in 2012.