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Orbite Technologies Inc EORBF

Orbite Technologies Inc is a Canada-based mineral-processing and resource development company. The firm is organised into the following segments; Specialty Products, Waste Monetization and Commodity Minerals. It produces alumina, silica, hematite, magnesium oxide, titanium oxide, smelter-grade alumina, rare earth oxides and rare metal oxides. The operation plant is based in Canada.


GREY:EORBF - Post by User

Bullboard Posts
Post by Kooleron Nov 29, 2011 1:36pm
493 Views
Post# 19275282

Still don't understand why it's halted

Still don't understand why it's halted
Orbite Responds to Halt Trading and Postpones Conference Call

MONTREAL, QUEBEC--(Marketwire - Nov. 29, 2011) - Orbite Inc. ("Orbite") (TSX:ORT) was advised by Investment Industry Regulatory Organization of Canada on behalf of the Toronto stock exchange that its stock was halted following the release of the news of this morning.

About Orbite

Orbite owns 100% of the mining rights on approximately 6,441 hectares of a Grande-Vallee property, the site of an aluminous clay deposit located 23 km to the south of Grande-Vallee, and a 2 600 sq. m. full scale pilot plant in Cap Chat, in the Gaspe region. The NI 43-101 report issued in August 2011 has identified an Indicated Resource of about 1 Billion tonnes of aluminous clay in part of the deposit. The Company also owns the intellectual property rights to a unique Canada and U.S.-patented process for extracting alumina from aluminous ores and for which patents are also pending in other countries. www.orbitealuminae.com

FOR FURTHER INFORMATION PLEASE CONTACT: MEDIAFrederic Berard Vice-President HKDP Communications and public affairs 514-395-0375, ext. 259Jacques Bedard Vice-President Finance and Chief Financial Orbite Aluminae Inc. 514-744-6264Louis Morin Investor Relations Orbite Aluminae Inc. 514-591-3988Jason Monaco Managing Partner First Canadian Capital Corp. 416-742-5600Nicole Blanchard Investor Relations Sun International Communications 450-973-6600 Source: Orbite Aluminae Inc.

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What news this morning are they referring to? Anyone has an explanation??

Bullboard Posts