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2012
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Public spin-off from TSX:ERD
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2013
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Sold USA land holdings for $395k
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2014
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Monetized Black Point with U.S.’s largest aggregate producer for $1.8 mln & 50 year production royalty
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2014
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Worked with prospective buyers, NS govn’t, & Glencore to initiate a change in ownership at Donkin
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2014
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Received first royalty payment from Yellow Giant gold project
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2014
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Waived ROFR on sale of Glencore’s 75% Donkin interest in favor of third party buyer, The Cline Group
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2014
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Completed financing for $1.45 mln at $0.20
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2014
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The Cline Group purchased Glencore’s 75% interest in Donkin
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2014
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Signed Agreement with Cline for $5.5 mln & 2-4% production royalty
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2014
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Completed private placement with Cline subsidiary for $1 mln at $0.30
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2015
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Received $2 mln on closing with Cline
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2015
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Submitted Environmental Impact Statement for Black Point
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2015
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Adopted Shareholder Rights Plan
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2015
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Odd-lot program removed small and odd-lot shareholders (327,000 common shares; 0.6% of shares o/s)
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2016
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Played out land reversion strategy in Georgia resulting in retention of 1,020 surface acres
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2016
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Black Point receives positive environmental permitting decision; Morien receives $400,000
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2017
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Cline commences production at Donkin Coal project
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2017
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Morien receives first royalty payment from Cline
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2017
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Morien receives first minimum royalty payment from Vulcan Materials
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2017
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Announced inaugural dividend and initiated quarterly dividend policy
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2018
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Cline signs multi-year coal offtake agreement with local power utility, Nova Scotia Power, to supply a portion of Donkin coal production to NSP’s nearby Lingan Generating Station.
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2018
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Cline adds Flexible Conveyor Train to mining fleet; expected to significantly increase production volumes
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2019
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Provincial Energy Ventures announces plans to proceed with first phase of a $75 million expansion of its coal export facility in Sydney, Cape Breton.
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2019
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Sold remaining USA land holdings for $935,000, after deducting for transaction related costs
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2020
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Morien management dedicate fullest efforts to the restart of the Donkin Mine
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2020
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Suspension of quarterly dividend to conserve capital
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2021
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Purchased/cancelled 23% of shares outstanding since 2015 as part of Normal Course Issuer Bid
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2022
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Donkin Mine reopens
