UPDATE: Orbite Signs Option Agreement to Acquire a Kaolin Clay and Sand Property; Stocks Up 1%

By Midnight Trader,  November 14, 2012, 09:47:01 AM EDT

Orbite Aluminae Inc. (ORT.TO) has entered into an agreement granting the company an exclusive option for a period of 3 years to acquire a 100% undivided interest in the mineral claims and exploration rights of the Chaswood kaolin clay and sand property located in Halifax County, Nova Scotia, Canada.

The Chaswood Property consists of 163 claims encompassing 2,608 hectares (approximately 26.1 km2) in central Nova Scotia.

ORT went up by 1% to $2.66, moving closer to year high $3.93. Volume traded is over 68,000.




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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