Red Eagle Mining Corporation today announced that the company's common shares will now be trading on the Toronto Stock Exchange (TSX) on an ex-rights basis
The early payment is the result of what Ecopetrol called a “solid cash position" that left it with more than $6 billion USD on hand at the end of the first quarter.
Moody's cited Ecopetrol's "improving credit metrics and strong liquidity," but recognized the remaining risk associated with its low 6.7 years of reserve life.
The new director is an executive at Newmont Mining Corporation, which acquired a board seat following a recent $109 million USD investment in Continental Gold.