11:47 AM EST - Cardero Resource Corp. : and Coalhunter Mining Corporation announced that the companies have entered into a letter of intent whereby Cardero will acquire all of the outstanding securities of Coalhunter not held by Cardero. Cardero currently holds approximately 45.5% of the common shares of Coalhunter, a private British Columbia company, which holds a 75% interest in the Carbon Creek Metallurgical Coal Deposit, located in northeast British Columbia, and historically estimated to contain 132.8 million short tons (120.47 metric tonnes) of coal. Cardero Resource Corp.
shares T.CDU are trading up $0.10 at $2.00.
