Marathon Gold Corporation (TSX:MOZ) announces that it has entered into an agreement with a syndicate of underwriters, led by Stonecap Securities Inc. and including Octagon Capital Corporation, whereby the Underwriters have agreed to purchase, on a bought deal basis, 1,945,000 flow-through common shares of the Company at a price of $1.80 per Flow-Through Common Share for gross proceeds of $3,501,000.
Luiri Gold Limited (TSX VENTURE:LGL)(ASX:LGM) has announced that the Attorney General of Zambia has informed the Ministry of Mines and Development that it has no objections to them entering into discussions with Luiri in order to find an amicable settlement on the issue of the cancelation of the Mining Licence LML48.
Antioquia Gold Inc. (TSX VENTURE:AGD) has announced that further to the January 21, 2011 news release it has closed a non-brokered private placement for 19,455,495 common shares of Antioquia at a price of Cdn$0.40 per common share for gross proceeds to Antioquia of Cdn$7,782,198. All of the securities are subject to a four month hold period from the date of closing.
Crystallex International Corporation (TSX:KRY)(NYSE Amex:KRY) announced today that it has received a letter from the Corporacion Venezolana de Guayana that states that the Company's Mine Operating Contract for the Las Cristinas Project in Bolivar State, Venezuela, has been "unilaterally terminated" by the CVG.
American Creek Resources Ltd. today announced that it will be offering on a non-brokered private placement basis up to 11,500,000 units for gross proceeds of $750,000 if the Offering is fully subscribed.
Vena Resources Inc. (TSX:VEM)(LIMA:VEM)(FRANKFURT:V1R)(OTCBB:VNARF), a Company with strong partnerships with some of the world's largest mining companies, has announced the commencement this month of the third major drill campaign on the Macusani properties of Minergia S.A.C., a uranium exploration company jointly owned by Vena and Cameco Corporation.
Exploration drilling at Salman South and Salman Central has intersected extensions to the sulphide ore zones below the oxide pits.
Great Basin Gold Limited is a Vancouver based company that is hunting for funds in Canada to develop its South African gold project. The company needs $75 million capital to move its Burnstone gold mine to full production capacity.
By Joel Scanlon
6 Feb 2011
Swiss mining giant Xstrata has had a good year and its record production figures for last year support that claim. CEO Mick Davis is naturally pleased with the results, with increased production in coking coal, semi-soft coking coal, nickel and refined nickel leading the way. The company also saw increases in mined copper, lead in concentrate and ferrochrome.
By Joel Scanlon
6 Feb 2011
Xstrata has acquired the remaining 25% stake from Cape Lambert Resources in the Lady Loretta lead zinc project for $30 million. The deal sees Xstrata as the 100% owner of the mining resource post approvals which are expected in the coming months.
The Indian Prime Minster Mr Manmohan Singh announced a Group of Ministers (GoM) headed by Finance Minister Pranab Mukherjee to resolve the “no go” areas in the coal blocks.
The decision was applauded by t...
By Dr. Cameron Chai
6 Feb 2011
Iluka Resources survived the global financial crisis on the basis of its mining royalties from BHP Billiton.
Fronteer Gold shareholders will see the world’s second largest gold producing company, Newmont Mining Corporation, take over the company in a Canadian $2.3 billion deal. This will result in a new company called Pilot Gold.
North Atlantic Resources Ltd. (TSX VENTURE:NAC) has reported that its wholly-owned subsidiary company in the Republic of Mali, North Atlantic Resources SARL, has completed the Convention d'Etablissement for a new 100% owned, convention called Lankafla.
Prodigy Gold Incorporated (TSX VENTURE:PDG) has provided the following update and project timeline for its 100% owned Magino Mine gold project located in Ontario.