September 24, 2016 11:43 PM ET

Metals and Mining

Company Overview of Claude Resources, Inc.

Company Overview

Claude Resources Inc. engages in the acquisition, exploration, and development of precious metal properties in northern Saskatchewan, Canada. The company owns 100% interests in Seabee property, which includes two producing gold mines and various exploration properties covering an area of approximately 23,300 hectares located at Laonil Lake, northern Saskatchewan; and the Amisk property, a gold and silver exploration property, which covers an area of approximately 40,400 hectares located in the province of Saskatchewan. It also produces and markets minerals. Claude Resources Inc. was founded in 1980 and is based in Saskatoon, Canada. As of May 31, 2016, Claude Resources, Inc. operates as a su...

200 - 219 Robin Crescent

Saskatoon, SK S7L 6M8

Canada

Founded in 1980

Phone:

306-668-7505

Fax:

306-668-7500

Key Executives for Claude Resources, Inc.

Chief Executive Officer, President and Director
Age: 40
Chief Financial Officer and Vice President of Finance
Manager of Investor Relations
Compensation as of Fiscal Year 2016.

Claude Resources, Inc. Key Developments

Claude Resources, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2016

Claude Resources, Inc. reported earnings results for the first quarter ended March 31, 2016. The company reported net earnings for the first quarter ended March 31, 2016 were CAD 6.01 million, or CAD 0.03 per share, compared to CAD 5.12 million, or CAD 0.03 per share, for the same quarter ended March 31, 2015. Revenue for the first quarter ended March 31, 2016 was CAD 34.03 million, compared to CAD 26.18 million for the same quarter ended March 31, 2015. Earnings before income tax for the first quarter ended March 31, 2016 were CAD 7.91 million, compared to CAD 5.12 million for the same quarter ended March 31, 2015.

Claude Resources To Be Deleted From Other OTC

Claude Resources, Inc. Ordinary Shares (Canada) will be deleted from Other OTC, effective June 7, 2016. The deletion was due to Acquisition/Merger/Amalgamation.

Claude Resources Expects To Be Delisted From TSX

Silver Standard Resources Inc. and Claude Resources Inc. announced that Silver Standard's acquisition of Claude Resources is complete. Silver Standard acquired all of the outstanding common shares of Claude Resources for total consideration of approximately 37.4 million Silver Standard common shares and cash consideration of $0.2 million. Silver Standard now has approximately 118.4 million shares issued and outstanding. Claude Resources shares are expected to be delisted from the Toronto Stock Exchange (TSX) and cease to trade on the OTCQB on or about the close of trading on June 6, 2016.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 7, 2016
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