Hekla

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Hekla

(hĕk`lä), volcano, 4,892 ft (1,491 m) high, SW Iceland. Since the early 11th cent. more than 20 eruptions have been recorded; the worst occurred in 1766 and the most recent in 1947. Hekla emits steam and has several crater lakes. In medieval Icelandic folklore Hekla was believed to be one of the gates to purgatory; it is also a legendary gathering place for witches.

Hekla

 

(Icelandic “cap” or “hood,” probably from the layer of mist that shrouds its top), an active volcano in the southern part of Iceland, 110 km east of Reykjavík. It is a stratovolcano 1,491 meters high, formed as the result of numerous eruptions along a fissure. From its top, streams of basalt lava, which poured out during the last big eruption in 1947-48, slope down on all sides. The volume of the magma ejected in 1947-48 is estimated at 0.4 cu km. The altitude of Hekla during that eruption increased from 1,447 m to 1,502 m, but later it was somewhat reduced as a result of the destruction of the crater’s rims. The first recorded eruption was in A.D. 1104. Hekla proper and the area around it have had in all more than 20 eruptions. The eruption in 1766, in which human lives were lost, was particularly destructive.

Hekla

a volcano in SW Iceland: several craters, subject to fairly frequent eruptions in recent times. Height: 1491 m (4892 ft.)
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As of September 6, 2017, pursuant to the ancillary rights agreement between Hecla Canada and Dolly Varden made September 4, 2012 (the ARA), Hecla Canada agreed to acquire from Dolly Varden in a private placement, an additional 1,000,000 Shares at a price of $0.
Earlier this month, Hecla Mining formally launched a takeover bid for all of the outstanding shares of Dolly Varden Silver not owned by Hecla and its affiliates for USD 0.
Hecla is also filing a letter to shareholders of Dolly Varden outlining the value of the premium cash offer and Hecla's opposition to a dilutive equity private placement proposed by Dolly Varden.
Details of Hecla's offer were set forth in an announcement dated March 4, stating that Hecla and Aurizon had entered into a definitive agreement pursuant to which Hecla would acquire all of the issued and outstanding common shares of Aurizon in a transaction having a total value of approximately C$796 million in cash and Hecla shares.
Separately, Aurizon today reiterated its recommendation that shareholders support the Hecla transaction and do not tender into the Alamos offer or withdraw tenders already made.
12 October 2011 - Scotia Capital and ING Capital have agreed to upsize a secured revolving credit facility they had extended to Hecla Mining Company (NYSE:HL) to USD100m (EUR72.
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30 June 2016 - Idaho-based precious and base metals deposits developer Hecla Mining Company (NYSE: HL) will make a takeover bid for all of the outstanding shares of Canada-based mineral exploration company Dolly Varden Silver Corp.
19 March 2013 -A US metals miner Hecla Mining Company (NYSE:HL) today called upon shareholders in Canadian gold producer Aurizon Mines Ltd (TSE:ARZ), which it agreed to acquire earlier this month, to reject the unsolicited, expiring takeover bid launched by Alamos Gold Inc (TSE:AGI), as it isA "inadequate".
COEUR D'ALENE, Idaho -- Hecla Mining Company (NYSE:HL) announced today that a wholly owned subsidiary of Hecla has entered into a subscription agreement to acquire 17,250,000 common shares of Brixton Metals Corporation ("Brixton").