11:49 AM EST - Cardero Resource Corp. : announced that coal tenure application 414152, which covers a significant portion of the Carbon Creek metallurgical coal property, has been processed by the British Columbia Ministry of Energy and Mines resulting in the issuance of four coal licenses. These coal licenses cover an area of 3,680 hectares that is contiguous to the 10 Crown Granted District Lots leased by the Company (2,600 Ha), which area collectively contains a NI 43-101 measured and indicated resource of 166.7 million tonnes of metallurgical grade coal. Cardero Resource Corp.
shares T.CDU are trading up $0.07 at $0.88.
