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Latest Raytec Stories

2009-08-25 10:30:00

TSX.V-RAY VANCOUVER, Aug. 25 /PRNewswire-FirstCall/ - Raytec Metals Corp. (the "Company" or "Raytec") (TSX.V - RAY) announced today that it has entered into a binding Letter of Intent ("LOI") with Lion Petroleum Corp. ("Lion"), subject to certain conditions and completion of due diligence process. Lion is a privately held oil and gas exploration company based in Vancouver, British Columbia, with an exploration office in Nairobi, Kenya. Lion's principal assets are Blocks 1 and 2B, both highly...

2008-11-03 15:00:16

Raytec Metals Corp. (the "Company") (TSX VENTURE: RAY) announces that it has acquired 15 per-cent (15%) of the issued and outstanding Common Shares in Sulphur Solutions Inc. ("SSI"), a privately held company based in Calgary, Alberta. As reported in a press release on June 11th, 2008, Raytec negotiated the right to acquire 15% of SSI by making staged payments totaling $1.5-million upon SSI achieving specific technical milestones, which SSI has met. The agreement with SSI further provides...

2008-07-15 03:00:28

By Burns, Patrick Raytec, a 55-year-old rain-gutter-components manufacturer in Martindale, knows how to hang in there. It all started when founder Paul Zimmerman took a temporary winter construction job in 1953, putting duties on hold at his small farm. But that job, helping to erect a building for a Lancaster metal company, would indirectly lead the Zimmerman family to launch Raytech, which last week opened the doors of its new home in the former Bareville Garment factory, 544 Gristmill...

2008-07-01 12:00:49

By Patrick Burns, Lancaster New Era, Pa. Jun. 27--Raytec, a 55-year-old rain-gutter-components manufacturer in Martindale, knows how to hang in there. It all started when founder Paul Zimmerman took a temporary winter construction job in 1953, putting duties on hold at his small farm. But that job, helping to erect a building for a Lancaster metal company, would indirectly lead the Zimmerman family to launch Raytec, which last week opened the doors of its new home in the former...


Word of the Day
tesla
  • The unit of magnetic flux density in the International System of Units, equal to the magnitude of the magnetic field vector necessary to produce a force of one newton on a charge of one coulomb moving perpendicular to the direction of the magnetic field vector with a velocity of one meter per second. It is equivalent to one weber per square meter.
This word is named for Nikola Tesla, the inventor, engineer, and futurist.