URSA Major Minerals Withdraws From Proposed Business Combination With Canadian Arrow Mines - Quick Facts

URSA Major Minerals Inc.(UMJ.TO: News ) announced that it will not be proceeding with the proposed business combination with Canadian Arrow Mines Ltd. that was previously announced on May 25, 2009. URSA Major has not been able to reach an agreement with Canadian Arrow on certain matters.

Richard Sutcliffe, URSA Major's CEO stated ""With improving nickel prices, URSA Major will now focus efforts on preparations for resuming mining at Shakespeare and to revitalizing exploration on the companyPublish Post's advanced targets."

http://www.rttnews.com/Content/CanadianNews.aspx?Node=B1&Id=1018659

Canadian Arrow announces appointment of George E. Pirie to Board; Withdraws from business combination

    SUDBURY, ON, July 28 /CNW/ - Canadian Arrow Mines, Limited. (CRO: TSX-V) ("Canadian Arrow" or the "Company"), is pleased to announce the appointment of Mr. George Edward Pirie, B. Com (Hons), to the Board of Directors. Mr. Pirie is President, Chief Executive Officer and Director of Breakwater Resources Limited.     Mr. Pirie has 29 years experience in the mining business. In 1980 he was with Pamour Porcupine Mines, a division of Noranda, and then joined Dome Mines Limited in 1985. In 1991 he was transferred to Vancouver Corporate Offices of Placer Dome Inc. Mr. Pirie held various progressive positions in a number of Placer's divisions over approximately 20 years, including Chief Financial Officer, Placer Dome North America; Chief Financial Officer, Placer Dome Canada; President and CEO, Placer Dome Canada; and Executive Vice President, Placer Dome Inc. Mr. Pirie has served on a number of boards including the Mining Association of Canada.     Mr. Dean MacEachern, CEO and director of Canadian Arrow stated, "We are extremely pleased to have the support and enthusiasm of a man of Mr. Pirie's calibre. His accomplishments, reputation and leadership are well known in the industry and provide a tremendous vote of confidence in the Company's future growth plans."     He further stated, "Mr. Pirie's considerable depth and breadth of experience in the fields of corporate finance, strategic corporate development, exploration and executive management with major mining companies will considerably enhance Canadian Arrow's team as it develops its Kenbridge nickel project into production."     The Company also announced today that it will not be proceeding with the proposed business combination with Ursa Major Minerals Incorporated that was previously announced on May 25, 2009, as it has not been able to reach an agreement with Ursa on certain matters.      About Canadian Arrow Mines:      Canadian Arrow Mines Limited is an experienced exploration and mine operating team that is focused on acquiring and developing economically viable nickel sulphide deposits near existing infrastructure. Arrow operates in north-western Ontario, Canada, near the towns of Kenora and Dryden. The Company's main priority is the Kenbridge Nickel Project, a nickel-copper sulphide deposit containing over 44,000 tonnes of nickel in the measured & indicated classes, (Sedar, Aug. 19, 2008), as follows:      -   Measured Resource: 3,546,000 tonnes grading 0.45% nickel,         0.24% copper, 0.015% cobalt.      -   Indicated Resource: 3,593,000 tonnes grading 0.79% nickel,         0.42% copper, 0.018% cobalt.      The deposit remains open in three directions, is equipped with a 620 m shaft and has never been mined.      (*) National Instrument 43-101: Mr. E. Puritch, P. Eng.,         Ms. Tracy Armstrong, P.Geo., and Antoine Yassa, P.Geo. of P&E Mining         Consultants Inc. are the independent qualified persons for the         Kenbridge resource estimates.      Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, socio-political, marketing, or other relevant issues.     Additional information on Canadian Arrow is available on SEDAR at www.sedar.com.           If you would like to receive press releases via email please                          contact: julia@chfir.com.                  THIS PRESS RELEASE WAS PREPARED BY MANAGEMENT                WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS.       Neither TSX Venture Exchange nor its Regulation Services Provider          (as that term is defined in the policies of the TSX Venture        Exchange) accepts responsibility for the adequacy or accuracy of                                this release..      %SEDAR: 00008534E   

Have you had any losses lately?

How to Deal with Losses in the Stock Market

By Ken Little , About.com

You are going to lose money if you invest in stocks. Sooner or later, it’s bound to happen. If fact, it may have happened already and you don’t recognize it because losses can take several different forms.

In its simplest and perhaps most painful form, you buy a stock then watch the price go down and stay down. At some point, you decide to end the pain and sell. (See Knowing When to Sell a two-part series on understanding when the best time to sell a stock.)

This type of loss, which involves an actual dollar amount, is called a capital loss. You can use a capital loss to offset profits (capital gains) for tax purposes. Beyond that, they aren’t worth much other than a painful investing lesson.

Lost Opportunity

There’s another type of loss that is less painful, but very real. Say you bought $10,000 worth of a hot growth stock. One year later, after some ups and downs, the stock is very close to what you paid for it.

You might be tempted to tell yourself, ‘Well, at least I didn’t lose anything.’

Not true. You tied up $10,000 of your money for a year and received nothing in return. If you had bought a bank CD, you would have at least earned a little interest.

Every stock purchase begins with a measurement against a risk-free investment such as a U.S. Treasury Note. Knowing you could earn that return with no risk, how much more can you earn with some additional risk in purchasing a particular stock.

When a stock goes nowhere or doesn’t even match the risk-free return of a bond, you are losing money.

What you lost was the opportunity to invest your money is something that would have earned you a positive return over and above the risk-free return - and that is a true loss.

Missed Profit Loss

This loss results when you watch a stock make a significant run up and then fall back, which may happen with volatile stocks. Few people are successful at calling the top (or bottom) of a market or a stock. You may feel that the money you could have made had you sold at the top is lost money.

Many investors will sit tight and hope the stock will “recover” and regain the high.

The problem is that may never happen and, even if it does, too many investors hold on hoping for even greater profits only to see the stock retreat again.

The best cure for this type of loss is to be happy with a reasonable profit and don’t try to squeeze every penny out of a stock risking a retreat and a “missed profit loss.”

Paper Loss

“It’s only a paper loss.”

“If I don’t sell, I haven’t lost anything.”

You can tell yourself whatever fibs you want, but reality is the only way out of an investing mess. If you made a mistake or something unforeseen happened and you own a stock at loss, you need to decide what to do.

If you believe the company’s long-term prospects are still good, it may be a good time to add to your holdings.

On the other hand, if you believe this is where the stock is going to stay, then your paper loss is becoming a lost opportunity and every day you sit on your paper loss is a day you could have invested your money in something that is earning you a profit.

Conclusion

No one wants a loss, but if it happens, don’t let your ego get in the way of making the right decision. Most of the time, the best course of action is to cut your losses and move on to the next deal.