Bending Lake to go Public

A company with plans for the former Steep Rock Iron Ore mine at Atikokan is looking to go public.

Tom Ungar, a vice-president with Bending Lake Iron Group, says a move to the Toronto Stock Exchange will help raise the over $900-million for the project.

"We're well underway to hopefully raising and locking up that funding that needed," says Ungar. "When you can also offer someone the liquidity that a public company provides, it helps you."

Ungar says the company could begin trading on the Stock Exchange later this year.

Atikokan Hydro Bill Dropping Slightly

Hydro users in Atikokan may see a decrease in their bills in May.

The Ontario Energy Board has approved new rates for Atikokan Hydro.

The decrease amounts to about 26 cents per month on the average bill.

The drop takes into account a 10 per cent cut in hydro costs imposed earlier this year by the province.

Solar Project Up for Discussion

Fort Frances town councillors are expected to hear today from the company interested in helping set up solar panels on some municipal buildings.

Officials with Solar Logix are scheduled to be at tonight's budget meeting.

The project was discussed by Councillors at their last meeting, but some expressed concern with the maintenance of the panels and the sustainability of a contract to sell the power back to the grid.

Safeway Scam

Canada Safeway has issued a warning about a telephone scam involving an automated or live caller posing as a representative of the company.

The caller seeks personal credit card information under the pretext that the person has won a large prize.

A number of calls have been received in Western Canada.