Corporate Coups

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Special News Reports about corporate takeovers, mergers, acquisitions, buyouts, unsolicited offers, corporate coups, and corporate overthrows.

Stornoway overthrows Ashton diamonds....

Stornoway Diamond Corporation (Stornoway) has successfully overthrown Ashton Mining of Canada, Inc. (Ashton). The takeover was lead by Stornoway founder and President Eira M. Thomas. As a result a number of Storoway Allies will become Directors on Ashtons' Board of Directors, including, G. Bernard Coulombe, David DeWitt, Marcel de Groot, Brian C. Irwin, and Eira M. Thomas. Mr. Brian C. Irwin, a corporate attorney, was elected new Chairman of the Board of Directors of Ashton.

Ashton was founded by its former parent company Ashton Mining Corporation (Australia). Ashton of Australia is the owner of the Argyle "Super-Pit" in Australia. Argyle is one of the only diamond mines where Red diamond are found. A one carat Red diamond will sell for around $1 million. BHP is also an owner of Argyle "super-Pit".

Ashton of Canada doesn't actually have an operating diamond mine, however, its Renard cluster is expected to become the site of a diamond mining pit in the not too distant future. Ashton owns large parcels of mining property in the Coronation Gulf Diamond District, the "hottest" diamond mining area in Canada. Ashton also owns property in the Alberta Diamond District where Ashton has found diamonds.

There are at present 3 operating diamond mines in Canada: BHP Minerals,Inc. has Ekati diamond mine, right next to it is the Diavik Diamond Mine, and the DeBeers (Canada) diamond mine in New Brunswick.

Ashton owns the only operating diamond mine in the United States. Its' Superior Mine in the U.P. of Michigan. There are diamond prospects in the StateLine Diamond District in northern Colorado and Southern Wyoming. Kelsey Lake in Colorado has had a lot of gravel dug up and processed and the Lake George diamond mine, also, in Colorado just a short distance from Kelsey Lake has had a lot of gravel removed and processed, but, a large quantity of diamonds have not been recovered. The United State has laws that restrict diamond mining and make it difficult to obtain the proper licences to operate a diamond mine in the United States.

Both, Ashton and Stornoway are traded on the Vancouver Stock Exchange (VSE) and the Toronto Stock Exchange (TSE). There are several dozen small diamond prospecting companies in Canada and some of them own or control very large parcels of land in regulated dianomd districts. The Coronation Gulf Diamond District is developing at a frenzy pace. DeBeers is well know for the acquisition of smaller diamond mining companies in Canada which have made major discoveries. So, it wouldn't surprise opinion leaders in the Canadian diamond industry, if, Stornoway itself becomes a victim of overthrow by DeBeers (Canada).

This is not the first diamond mining operation that Ms Eira M. Thomas has overthrown. During the last five years Ms. Thomas has made the acquisition of other diamond mining companies and/or has negotiated joint venture partnerships with at least 5 other diamond mining companies in Canada. Ms. Thomas has organized a coalition of Canadian diamond mining companies.

Ashton is expected to be laying the foundation for and commencing the functioning of an operating diamond mine on its Renard property very soon.

(More news details about the Stornoway overthrow as they unfold).

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CLEAR CHANNEL: OVERTHROW FROM THE INSIDE OR OVERTHROW FROM THE OUTSIDE?

special report to follow.

Recently CLEAR CHANNELCOMMUNICATION, Inc. has been experience corporate turbulance with banks reducing their credit rating, swiss banks changing their asset valuation, and security brokerages reporting unfavorable securities reports.

Now, however, the radio and broadcast industries are abound with rumors of takeover, corporate coups, and management buyouts. Broadcast executives are even saying that KATZ MEDIA is secretively planning its owns coup of CLEAR CHANNEL.

I would expect Lowry Mays (founder) and Mark Mays to do a BUYOUT and take the company "private", but, is some media giant planning a corporate coup of CLEAR CHANNEL at this very moment?

CLEAR CHANNEL which trades on NYSE under the symbol CCU and CCO has experienced slumping stock values recently, however, in recent days the stock price has went up and went up dramatically. Now remember, CLEAR CHANNEL is not a NASDAQ security, but, a NYSE security ( a big difference). If, the sales of CLEAR CHANNELs' securities continue to increase, then, something has to be happening (like a takeover).

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BARRICK GOLD HAS COMPLETED ITS TAKEOVER OF PLACER DOME

(WATCH FOR NEW REPORT UPDATE).