UPDATE: Cap-Ex Signs Agreement with CN Rail; Both in the Green

By Midnight Trader,  August 10, 2012, 09:58:11 AM EDT

Cap-Ex Ventures Ltd. (CEV.V) has signed a collaboration framework agreement with Canadian National Railway Company (CNR.TO) to participate in the feasibility study of CN Rail's proposed rail line to serve the Quebec and Labrador Iron Ore Trough.

The company said this agreement also establishes and secures the parameters and process of a transportation agreement and a storage and handling services agreement if and when the rail line project goes forward.

CEV rose nearly 6% to the higher end of day range $0.37 - $0.38. CNR is also in the green at $89.66, with day range of $89.30 - $89.76.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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