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Wed Dec 15, 2004
Workover Operations Begin On JB Henry #1 Gas Well, Texas
ITL Capital Corporation, (the Company) announces that initial operations have commenced on the JB Henry #1 natural gas well located in McMullen County, Texas. The engineering, surveying, and geological work have been completed on the project and within the next week a workover rig will arrive on location to start the preliminary work on the well. This operation should last for 5 days and will prepare the well for horizontal drilling operations. The drilling rig has been scheduled to arrive the 3... (2 KB) |
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Wed Nov 10, 2004
ITL Capital To Participate In Gas Well
ITL Capital Corporation (ICL.V) announces that the Company has secured the right to participate in the Henry Dome gas development prospect located in McMullen County, Texas. The prospect area contains approximately 947 leased acres, including two currently producing Edwards's wells that are excellent re-entry candidates for horizontal lateral re-completions. The Company plans to participate in the re-entry and completion of the first well. If the well is an economic well, the re-entry of the sec... (2 KB) |
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Fri Nov 5, 2004
ITL Capital To Seek Participation In Oil & Gas Sector
ITL Capital Corporation (the Company) announces its intentions to seek opportunities and participation in the oil and gas sector. Given the favorable political climate and the global increase in demand for energy it is the Company's opinion that the potential for new discoveries throughout North America has increased dramatically. The Company will look for participation in lower risk, developmental projects concentrating on the gas sector.
ITL Capital is currently in negotiations to particip... (1 KB) |
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Wed Jul 21, 2004
Audited Financial Statements For Year Ended May 31, 2004
Fourth Quarter Report
ITL Capital Corporation has released its BC Form 51-901F Fourth Quarter Report containing audited financial statements in Canadian funds, for the year ended May 31, 2004 (the "Quarterly Report"). Pursuant to the requirements of National Instrument 54-102, this news release provides a summary of the information contained in the Quarterly Report. Concurrently with this news release the Company is filing the Quarterly Report with the regulatory authorities through SE... (2 KB) |
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Thu May 20, 2004
Skyharbour Increases Interest in HB Heyson Property, Red Lake, Ontario
Pursuant to the terms of the Option and Joint Venture Agreement between ITL Capital Corporation ("ITL") and Skyharbour Resources Ltd. ("Skyharbour") in connection with the HB Property located in the Heyson and Byshe Townships, Red Lake District, Kenora Mining Division Ontario (the "Property"), the parties recently agreed to dilute ITL's interest to offset ITL's expenditures incurred on the Property. As a result of the dilution, the Company will hold a 39.03% interest and Skyharbour will hold a 6... (0 KB) |
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Tue Apr 27, 2004
Third Quarter Report
Third Quarter Report
ITL Capital Corporation has released its BC Form 51-901F Third Quarter Report containing financial statements in Canadian funds, prepared without audit, for the nine months ended February 29, 2004 (the "Quarterly Report"). Pursuant to the requirements of National Instrument 54-102, this news release provides a summary of the information contained in the Quarterly Report. Concurrently with this news release the Company is filing the Quarterly Report with the regulat... (2 KB) |
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Fri Mar 5, 2004
New President appointed, Convertible Notes repaid and Private Placement cancelled
The Company announces the resignation of Robert J. Paul as the President and a Director of the Company. Mr. James G. Pettit, a current director of the Company, has been appointed President.
The Company is pleased to announce that it has repaid its convertible promissory notes in the principal sum of $250,000, plus interest accrued, to Lenders of the notes. The convertible promissory notes were issued in connection with a private placement which closed on July 31, 2003.
The Company also an... (0 KB) |
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Thu Feb 26, 2004
5900 ft. diamond drill program completed on HB Property
Skyharbour Resources (the operator) announces that a 5900 foot diamond drill program has been completed on the Skyharbour Resources Ltd (51%) / ITL Capital Corp (49%) joint venture HB property in the Red Lake area of northwestern Ontario. A high-grade gold intercept (59.4 grams /ton over 0.4 meters) that was associated with a brecciated, hematite-epidote altered system was encountered in a drilling program conducted on the HB property in 2003.
The 2003/2004 winter drill program was designed t... (1 KB) |
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Wed Feb 4, 2004
Second Quarter Report
ITL Capital Corporation has released its BC Form 51-901F Second Quarter Report containing financial statements in Canadian funds, prepared without audit, for the six months ended November 30, 2003 (the "Quarterly Report"). Pursuant to the requirements of National Instrument 54-102, this news release provides a summary of the information contained in the Quarterly Report. Concurrently with this news release the Company is filing the Quarterly Report with the regulatory authorities through SEDAR (... (2 KB) |
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Tue Jan 27, 2004
Agreement made to amend notes
The Company has outstanding convertible promissory notes in the aggregate principal amount of $250,000 that bear interest at the rate of 1% per month and currently mature on January 31, 2004. The Company has reached agreement with the note holders to amend the notes by extending maturity and the conversion feature until March 31, 2004. As a result, the notes will now mature on March 31, 2004 and up until the close of business on that date will be convertible as to principal into units of the Com... (0 KB) |
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Fri Jan 23, 2004
Non-Brokered Private Placement of 1,775,000 Flow-Through Units
The Company wishes to announce a non-brokered private placement of 1,775,000 flow-through units (the "Units"). The Units are being offered at a price of $0.07 per Unit. Each Unit will consist of one flow-through share and one share purchase warrant entitling the holder to purchase an additional flow-through share at a price of $0.10 for a period of one year. A finder's fee in the maximum amount allowable will be paid in connection with this private placement offering.
The Company intends to... (0 KB) |
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Wed Jan 14, 2004
Progress on HB (Heyson) Property
Mr. Donald C. Huston reports on the progress made on the HB (Heyson) Property located in Red Lake Ontario.
Drilling in late 2003 clarified several aspects of a large hematite-epidote breccia system. A high-grade gold intercept was encountered in vein material within the hematite-epidote breccia during drilling in mid 2003 (59.0 grams over 0.4 meters). The initial 1000 meter, four-hole drill program completed in December 2003 has clarified the continuity, strike, and dip of existing anomalous ... (1 KB) |
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