Company News: Page (1) of 1 - 02/28/13
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TSX Top Traders: (BB), (BTO), (CMK), (ORT)

February 28, 2013 --

TSX Top Traders: (BB), (BTO), (CMK), (ORT)

Category: Investment

Visit: Cline Mining Corp.

New York, New York - February 28, 2013 (www.investorideas.com newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector research for independent investors reports on the top traders on the TSX for February 28th, 2013.


Research In Motion Limited (TSX:BB) trading at $14.080 showed a gain of $0.500 or 3.68% on a volume of 3,636,712 shares, making it today's top trader on the TSX.

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B2Gold Corp., (TSX:BTO) trading at $3.120 lowered by $-0.050 or -1.58% on a volume of 3,593,820 shares.

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Cline Mining Corp., (TSX:CMK) trading at $0.120 rose by $0.020 or 20.00% on a volume of 3,338,071 shares.

Cline Mining Corporation announced earlier today that it has entered into a non-binding letter of intent with respect to a potential recapitalization that would result in a minimum of Cdn. $35 million of gross cash proceeds to Cline. The implementation of the Cline Transaction is subject to, among other things, Cline entering into a definitive agreement and the obtaining of certain approvals from the Toronto Stock Exchange.

As announced on December 27, 2012 , Cline previously entered into an agreement with Marret Asset Management Inc., providing for a financial restructuring of the Company. The entering into of the Non-binding LOI satisfies the first of three conditions that must be satisfied for Cline to implement an alternative transaction to the Restructuring. The Restructuring with Marret will not be implemented if Cline completes a binding agreement with respect to the Cline Transaction by March 31, 2013, or completes the Cline Transaction by April 30, 2013.

Orbite Alumni Inc., (TSX:ORT) trading at $1.840 gained $0.130 or 7.60% on a volume of 3,158,008 shares.

Orbite Aluminae Inc. was pleased to announce last week that it has been recently issued patents in China and Russia covering processes for producing alumina from aluminous ores such as clay, bauxite and other sources. These protect the same processes as those used in Orbite''s high-purity alumina plant in Cap-Chat, Quebec as well as processes that will be used in its first smelter-grade alumina plant, currently at the Feasibility Study stage.

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