Around the North

Jeff Elgie, CEO and partner at Lucidia , a Sault Ste. Marie -based marketing firm, has announced he is leaving the company. In a letter to clients, Elgie said he made the decision during a recent three-month sabbatical.

Wallbridge Mining Company has secured financing to develop its Broken Hammer project in Sudbury . Callinan Royalties Corp.

Pre-qualified buyers can submit formal proposals to purchase, manage and operate Ontera , the first of he Ontario Northland Transportation Commission (ONTC) business lines to be put up for sale.

Long-time NOTO ( Nature and Outdoor Tourism Ontario ) executive director Doug Reynolds is stepping down. In an effort to become “leaner and more efficient,” Reynolds will help the board develop a transition plan.

Major industry and the large job generators in Northern Ontario could get an extend break on their power rates next spring.

North American Palladium Ltd. announced Dec. 13 Mr. Jeffrey Swinoga has resigned as vice-president of finance and chief financial officer, effective January 4.

Brigus Gold Corp. announced Dec. 13 that Daniel Racine has been promoted to president-chief operating officer, effective January 1, 2013. Wade Dawe will remain chairman and chief executive officer.

Detour Gold announced Dec. 11 has completed a bought deal public offering of common shares that's raised gross proceeds of $106 million. The offering was conducted by a syndicate of underwriters led by BMO Capital Markets.

Christmas came early for some North Bay area businesses through the Northern Ontario Heritage Fund Corporation (NOHFC). Howling with pride is the Ultimate Dawg House in North Bay, a leisure centre for dogs and owners, after receiving $75,000.

Ontario’s Feed-in Tariff program will once again accept applications for small projects, starting Dec. 14.