February 3, 2012 / 2:43 PM / 6 years ago

UPDATE 1-URSA Major Minerals halts Ontario mine operations

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Feb 3 (Reuters) - Canada’s URSA Major Minerals Inc said it is temporarily suspending operations at its Shakespeare Nickel mine in Ontario, sending its shares down as much as 8 percent in early morning trade.

“Our previous processing agreement expired in December 2011 and we have not been able to conclude a new processing agreement for Shakespeare ore,” Chief Executive Richard Sutcliffe said in a statement.

Shares of the company were trading at 6 Canadian cents on Friday on the Toronto Stock Exchange. (Reporting by Shounak Dasgupta in Bangalore; Editing by Sriraj Kalluvila)

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