Top Mining News: Are you looking for news on Kria Resources Ltd., a base metal exploration and development company ? This is the news on metal exploration. Are you interested in this metal exploration? read the further news below:
Kria Resources Ltd., a base metal exploration and development company focused on high-quality, advanced-stage base metal assets announce that following the closing of its business combination (the “Reverse Take-Over”) with Beartooth Platinum Corporation (”Beartooth”), Kria common shares will commence trading on the TSX Venture Exchange under the stock symbol KIA at market open on Friday, July 24, 2009 and the common shares of Beartooth will be delisted.
In connection with the Reverse Take-Over, Beartooth consolidated its share capital on the basis of one new common share for every 20 old common shares and changed its name to Kria Resources Ltd.
Showing posts with label Mining Stocks. Show all posts
Showing posts with label Mining Stocks. Show all posts
Sunday, July 26, 2009
Friday, June 19, 2009
Unico, Inc. Chairman Reports Acquisition of Over 3.2 Million Shares of Common Stock
Unico, Inc. Chairman Reports Acquisition of Over 3.2 Million Shares of Common Stock
Unico is pursuing alternative processing methods for the extraction of silver and gold from concentrate at the Deer Trail Mine. The purpose of this initiative is to develop the most economical process and achieve the highest recovery of precious metals possible from material produced at the site.
Unico, Incorporated, a natural resource company in the precious metals mining sector, today announced that Chairman Ray C. Brown has filed statements with the Securities and Exchange Commission reporting the acquisition of over 3.2 million shares of common stock and the subsequent gifting of approximately 1.1 million of those shares.
Mr. Brown’s acquisition of shares was reported on two separate Form 4 Statements of Change in Beneficial Ownership of Securities filed on June 17, 2009. The Form 4 statements can be viewed by clicking the “SEC Filings” link on the Unico website at http://www.unicomining.com./IR/investorrelations.php.
The first Form 4 filed by Mr. Brown reported that on June 10, 2009, he acquired 1,838,235 shares of Unico common stock at a price of $0.0136 per share. On the same date, Mr. Brown gifted 735,294 shares of common stock to C. Wayne Hartle, who serves on the company’s Board of Directors and holds the position of Corporate Secretary. Mr. Hartle reported the acquisition of the shares gifted by Mr. Brown in a Form 4 statement filed on June 17, 2009. Mr. Brown also gifted 367,647 of his acquired shares to another individual.
The second Form 4 filed by Mr. Brown reported that on June 16, 2009, he acquired an additional 1,388,889 shares of Unico common stock at a price of $0.0144 per share. As a result of these acquisitions and the gifting of shares, Mr. Brown now owns 8,559,676 shares of Unico common stock.
“I am pleased to have made these recent acquisitions of Unico common stock at a time when the company is undertaking its program to pursue alternative processing methods for the extraction of silver and gold from concentrate at the Deer Trail Mine,” stated Mr. Brown. “I believe that the ongoing testing program being conducted in cooperation with Royal Mines And Minerals Corporation has the potential to increase the value that Unico will ultimately receive for the gold and silver contained in concentrate produced at the Deer Trail mill facility. I continue to support the job being done by Unico management and our staff out at the mine and look forward to additional advancements of our project at the site.”
Over the past several months, the company has shipped numerous samples of material from the Deer Trail Mine in Marysvale, Utah to Royal Mines And Minerals Corporation for testing of Royal Mines’ proprietary technology for the lixiviation of precious metals. More information on Royal Mines proprietary technology for the lixiviation of precious metals can be found at its website, www.royalmmc.com.
Unico is pursuing alternative processing methods for the extraction of silver and gold from concentrate at the Deer Trail Mine. The purpose of this initiative is to develop the most economical process and achieve the highest recovery of precious metals possible from material produced at the site.
Unico is pursuing alternative processing methods for the extraction of silver and gold from concentrate at the Deer Trail Mine. The purpose of this initiative is to develop the most economical process and achieve the highest recovery of precious metals possible from material produced at the site.
Unico, Incorporated, a natural resource company in the precious metals mining sector, today announced that Chairman Ray C. Brown has filed statements with the Securities and Exchange Commission reporting the acquisition of over 3.2 million shares of common stock and the subsequent gifting of approximately 1.1 million of those shares.
Mr. Brown’s acquisition of shares was reported on two separate Form 4 Statements of Change in Beneficial Ownership of Securities filed on June 17, 2009. The Form 4 statements can be viewed by clicking the “SEC Filings” link on the Unico website at http://www.unicomining.com./IR/investorrelations.php.
The first Form 4 filed by Mr. Brown reported that on June 10, 2009, he acquired 1,838,235 shares of Unico common stock at a price of $0.0136 per share. On the same date, Mr. Brown gifted 735,294 shares of common stock to C. Wayne Hartle, who serves on the company’s Board of Directors and holds the position of Corporate Secretary. Mr. Hartle reported the acquisition of the shares gifted by Mr. Brown in a Form 4 statement filed on June 17, 2009. Mr. Brown also gifted 367,647 of his acquired shares to another individual.
The second Form 4 filed by Mr. Brown reported that on June 16, 2009, he acquired an additional 1,388,889 shares of Unico common stock at a price of $0.0144 per share. As a result of these acquisitions and the gifting of shares, Mr. Brown now owns 8,559,676 shares of Unico common stock.
“I am pleased to have made these recent acquisitions of Unico common stock at a time when the company is undertaking its program to pursue alternative processing methods for the extraction of silver and gold from concentrate at the Deer Trail Mine,” stated Mr. Brown. “I believe that the ongoing testing program being conducted in cooperation with Royal Mines And Minerals Corporation has the potential to increase the value that Unico will ultimately receive for the gold and silver contained in concentrate produced at the Deer Trail mill facility. I continue to support the job being done by Unico management and our staff out at the mine and look forward to additional advancements of our project at the site.”
Over the past several months, the company has shipped numerous samples of material from the Deer Trail Mine in Marysvale, Utah to Royal Mines And Minerals Corporation for testing of Royal Mines’ proprietary technology for the lixiviation of precious metals. More information on Royal Mines proprietary technology for the lixiviation of precious metals can be found at its website, www.royalmmc.com.
Unico is pursuing alternative processing methods for the extraction of silver and gold from concentrate at the Deer Trail Mine. The purpose of this initiative is to develop the most economical process and achieve the highest recovery of precious metals possible from material produced at the site.
Saturday, April 18, 2009
Empire Applies for Additional Exploration Licenses in Tasmania
Top Mining News: Empire Energy Corporation International, has announced an investment in an African mining and mineral exploration company and the filing of applications for additional tenement licenses in Tasmania.
The Company has acquired the whole of the issued common shares of Grand Monarch Holdings Inc, a Delaware, fully reporting shell corporation, from Ballantyne Acquisition Corporation for 2,500,000 Empire Energy restricted shares. Ballantyne Acquisition Corporation is controlled by Tad Ballantyne, a Director of Empire Energy.
The Company has submitted tenement applications for the coal-bed methane horizons of the existing SEL 13/98 tenement and which would be tested commencing with the Bellevue #1 well, to be drilled shortly. Coal seams of Permian to Jurassic age occur throughout the Tasmanian Basin and are currently mined at several sites both by open pit and underground mining methods.
The Company has also submitted an application for a further 12,040 sq kilometres of tenement on the Eastern seaboard of Tasmania, which includes approximately 5,000 sq kilometres of offshore area, where 7 kilometres of onshore and 256 kilometres seismic operations were previously carried out by companies managed by Malcolm Bendall.
The Company will assign one third of the Eastern seaboard Tenement to its wholly owned subsidiary Grand Monarch Holdings Limited followed by a stock exchange agreement with Geominex Resources Limited, a UK private company, under which the Company will exchange 90% of Grand Monarch Holdings Limited for all of the issued and outstanding share capital of Geominex Resources. The Geominex Directors have estimated the value of their assets on a heavily discounted basis to be worth in the region of US$ 900 million.
Further to the recent filing of the 10K Report, the announced rights offering, if fully subscribed, may bring us the potential of an additional AUD$12 million to continue the drilling programs. Empire CEO Malcolm Bendall has stated, “The applications for further tenements in Tasmania confirm the Company’s new financial strength capability, and its commitment and belief that there are world class volumes of oil and gas in the State. At the same time, the Company has entered into a strategic alliance with Geominex Resources Limited to pursue this activity, and to expand the Company’s geographical spread into Africa where it will not only benefit from the existing mining operations, but also from the strong relationships of Geominex, and the potential for acquiring significant oil and gas tenements in Africa.”
Geominex Resources Chairman, Zamayi Sithole, stated that, “The strategic alliance with Empire is a significant step for Geominex, and will allow for the development of a substantial platform from which all parties will benefit significantly. The alliance combines the strength of Empire’s oil and gas and mining experience with the financial capacity of Geominex to establish a London-based natural resource company with an international focus and a direct access to the U.S. Capital markets.”
Empire Energy Corporation is an international oil and gas exploration company, focusing on developing assets in one of the world’s last virgin basins and becoming a leading low-cost finder of hydrocarbons. The company is currently operating in Tasmania’s central and northern basins.
Geominex Resources Limited is a private UK company with an address at Erskine House, 53 London Road, Maidstone, Kent ME16 8JH, United Kingdom, and which operates directly and indirectly through exploration and active mining in Africa, notably Geominex Mozambique Limitada, Geominex Niger S.A., Geominex Congo Limited, Geominex Burkina Faso S.A., Geominex Angola Limited and Geominex DRC Limited. All entities are owned from a minimal shareholding of 60% up to 100%. There is no interest in which the company owns less that 60% shares.
Revett Mineral Inc. Announcement on Silver Wheaton Exercising Participation Rights
Top Mining News: This is the news on Revett Mineral Inc. Announcement on Silver Wheaton Exercising Participation Rights. It is reported that Revett Minerals Inc., announce that Silver Wheaton has exercised its participation right to acquire 3,855,558 Revett Minerals common shares. The complete news is as follows:
Revett Minerals Inc., announce that Silver Wheaton has exercised its participation right to acquire 3,855,558 Revett Minerals common shares.
In connection with the recent exchange of 20,553,500 Revett Silver Class B common shares for Revett Minerals common shares, Silver Wheaton has taken up a portion of its pro-rata share of Revett Minerals common shares under the Participation Rights Agreement dated November 22, 2006. Revett Minerals now has 109,014,696 shares outstanding, of which, Silver Wheaton owns 16.4%.
John Shanahan, President and CEO, commented “We are pleased that Silver Wheaton continues to stand behind Revett Minerals as we advance our long term goals of increasing production at the Troy Mine and advancing the exploration stage Rock Creek project.”
Sunday, April 12, 2009
Agreement between Paragon Minerals Corporation and Crosshair Exploration & Mining Ltd. on Golden Promise Gold Project
Top Mining news: This is the news on The Agreement between Paragon Minerals Corporation and Crosshair Exploration & Mining Ltd. on Golden Promise Gold Project. The complete news is as follows
Paragon Minerals Corporation announce that it has entered into a new joint venture agreement with Crosshair Exploration & Mining Ltd. whereby Crosshair can acquire up to a 70% interest in the Golden Promise Gold Project located in central Newfoundland, Canada. The new agreement will result in the termination of the original property option earn-in agreement with Crosshair and the property sale agreement entered into last year.
“We are very pleased to renew our partnership with Crosshair on the Golden Promise Gold Project” said Michael Vande Guchte, President and CEO of Paragon. “Their work to date has demonstrated high-grade gold vein systems at Golden Promise that remain open along strike and to depth. We look forward to an aggressive drilling and bulk sampling campaign on the property with the objective of increasing the current NI43-101 compliant gold resource”.
Under the terms of the new joint venture agreement Crosshair will issue to Paragon, 2,655,000 of its common shares to earn a 60% interest in the Golden Promise Gold Project. Crosshair will provide Paragon with a $2.0 million carried interest in exploration expenditure to be completed prior to May 2013. Crosshair can extend this time frame by one year upon issuing a further 250,000 common shares to Paragon.
On completion of the initial $2.0 million in exploration expenditures, Crosshair can elect to earn an additional 10% interest (to 70%) in the Golden Promise Gold Project by providing Paragon with an additional $1.0 million carried interest in exploration expenditures within a one year period. Crosshair can extend this time frame by one year upon issuing a further 100,000 common shares to Paragon. If Crosshair does not complete the additional exploration expenditures, it can purchase the 10% interest by paying Paragon the difference between the incurred additional exploration expenditures and the $1.0 million or retain a 60% interest.
Monday, March 16, 2009
US$103 million public offering of common shares closeed by Pan American silver
Top Mining News: This is the mining new on Pan American Silver Corp. which has losed its previously announce public offering of common shares. Here is the news.
Pan American Silver Corp. has closed its previously announced public offering of common shares. Pursuant to the Offering, the Company today issued 6,371,000 common shares at a price of US$16.25 per share, for aggregate gross proceeds of US$103,528,750 and total proceeds, net of underwriting fees, of US$98,611,134, including the exercise in full of the underwriters’ over-allotment option.
The Company expects to use the net proceeds from the Offering to fund acquisitions, development programs on acquired mineral properties, working capital requirements and for other general corporate purposes.
Goldman Sachs Canada Inc. and CIBC World Markets Inc. acted as co-lead managers and joint book runners of the Offering and UBS Securities Canada Inc., Merrill Lynch Canada Inc., RBC Dominion Securities Inc., National Bank Financial Inc., Raymond James Ltd., Salman Partners Inc. and Canaccord Capital Corporation, acted as co-managers of the Offering.
Pan American Silver Corp. has closed its previously announced public offering of common shares. Pursuant to the Offering, the Company today issued 6,371,000 common shares at a price of US$16.25 per share, for aggregate gross proceeds of US$103,528,750 and total proceeds, net of underwriting fees, of US$98,611,134, including the exercise in full of the underwriters’ over-allotment option.
The Company expects to use the net proceeds from the Offering to fund acquisitions, development programs on acquired mineral properties, working capital requirements and for other general corporate purposes.
Goldman Sachs Canada Inc. and CIBC World Markets Inc. acted as co-lead managers and joint book runners of the Offering and UBS Securities Canada Inc., Merrill Lynch Canada Inc., RBC Dominion Securities Inc., National Bank Financial Inc., Raymond James Ltd., Salman Partners Inc. and Canaccord Capital Corporation, acted as co-managers of the Offering.
Saturday, March 14, 2009
Mirasol Options the Nico Silver-Gold Project to Coeur d’Alene Mines
Top Mining News: Here is the news from Santa Cruz province, southern Argentina. it is reported that Mirasol Resources Ltd. announces that it has signed an exploration option agreement with Coeur d Alene Mines to explore and develop Mirasol’s 100% owned Nico Project, located in the Deseado Massif gold-silver epithermal district of Santa Cruz province, southern Argentina. The complete news is as follows:
Mirasol Resources Ltd. announces that it has signed an exploration option agreement with Coeur d Alene Mines to explore and develop Mirasol’s 100% owned Nico Project, located in the Deseado Massif gold-silver epithermal district of Santa Cruz province, southern Argentina.
The terms of the agreement provide that Coeur spend US $2.3 million in exploration over four years to earn a 55% interest in the property, and a 65% interest on completion of a bankable feasibility study, at which time Mirasol may elect to maintain a 35% participation. Coeur may acquire a 75% interest by providing project development financing at commercial terms to Mirasol. Additionally, during the exploration period Coeur will make cash payments totaling US $250,000 to Mirasol and act as project operator.
Under the terms of the agreement, Coeur has a first year exploration commitment of US $250,000 and will pay US $50,000 on signing of the agreement. Exploration activities are projected to begin immediately, and include detailed prospect mapping, additional geochemical sampling, and drilling.
The Nico project was identified and staked by Mirasol geologists through the Company’s proprietary generative exploration program which has identified many new epithermal gold and silver systems in the Deseado Massif. The Nico mineral property comprises an area of 198 square kilometres and straddles a provincial road 40 kilometres north of Coeur’s producing bonanza-grade Martha silver mine. During exploration campaigns from 2005 to 2008, Mirasol conducted an integrated exploration program of geological mapping, 120 line kilometres of gradient array IP/resistivity geophysics, 552 line kilometres of high-resolution ground magnetics and 134 rock chip samples, which outlined highly prospective targets.
Initial exploration returned up to 8.5 g/t gold and 324 g/t silver in outcrop from the Nico Main zone (see press release dated October 11, 2007). Further exploration significantly extended the known mineralized trends and identified five discrete gold-silver prospect areas on a regional basis, defined by anomalous silver, gold or pathfinder elements and large chargeable / resistive geophysical anomalies. The principal targets of the Nico Main zone are the Tito vein zone and Carlos breccia zone, which host multi-gram gold values and multi-ounce silver values on surface (see press release dated May 26, 2008).
“We are very pleased to have Coeur as our partner for the Nico Project. We have an excellent relationship with Coeur, who are exploring and have recently drilled our Joaquin gold-silver property”, stated Mary Little, President and Chief Executive Officer of Mirasol Resources Ltd. “Coeur brings exceptional geological and local operational expertise to the Nico Project and we look forward to a productive venture.”
Mirasol Resources Ltd. announces that it has signed an exploration option agreement with Coeur d Alene Mines to explore and develop Mirasol’s 100% owned Nico Project, located in the Deseado Massif gold-silver epithermal district of Santa Cruz province, southern Argentina.
The terms of the agreement provide that Coeur spend US $2.3 million in exploration over four years to earn a 55% interest in the property, and a 65% interest on completion of a bankable feasibility study, at which time Mirasol may elect to maintain a 35% participation. Coeur may acquire a 75% interest by providing project development financing at commercial terms to Mirasol. Additionally, during the exploration period Coeur will make cash payments totaling US $250,000 to Mirasol and act as project operator.
Under the terms of the agreement, Coeur has a first year exploration commitment of US $250,000 and will pay US $50,000 on signing of the agreement. Exploration activities are projected to begin immediately, and include detailed prospect mapping, additional geochemical sampling, and drilling.
The Nico project was identified and staked by Mirasol geologists through the Company’s proprietary generative exploration program which has identified many new epithermal gold and silver systems in the Deseado Massif. The Nico mineral property comprises an area of 198 square kilometres and straddles a provincial road 40 kilometres north of Coeur’s producing bonanza-grade Martha silver mine. During exploration campaigns from 2005 to 2008, Mirasol conducted an integrated exploration program of geological mapping, 120 line kilometres of gradient array IP/resistivity geophysics, 552 line kilometres of high-resolution ground magnetics and 134 rock chip samples, which outlined highly prospective targets.
Initial exploration returned up to 8.5 g/t gold and 324 g/t silver in outcrop from the Nico Main zone (see press release dated October 11, 2007). Further exploration significantly extended the known mineralized trends and identified five discrete gold-silver prospect areas on a regional basis, defined by anomalous silver, gold or pathfinder elements and large chargeable / resistive geophysical anomalies. The principal targets of the Nico Main zone are the Tito vein zone and Carlos breccia zone, which host multi-gram gold values and multi-ounce silver values on surface (see press release dated May 26, 2008).
“We are very pleased to have Coeur as our partner for the Nico Project. We have an excellent relationship with Coeur, who are exploring and have recently drilled our Joaquin gold-silver property”, stated Mary Little, President and Chief Executive Officer of Mirasol Resources Ltd. “Coeur brings exceptional geological and local operational expertise to the Nico Project and we look forward to a productive venture.”
Sunday, November 30, 2008
The Results of the Tender Offer Made by IAMGOLD Corporation.
EURO Resources S.A. reports that the Autorité des Marchés Financiers has announced the preliminary results of the tender offer made by IAMGOLD Corporation. The total number of shares tendered is 43.4 million shares, representing 71.6% of the outstanding shares of EURO (69.4% on a fully-diluted basis): this is in excess of the minimum thresh-hold set by IAMGOLD of 50% plus one share of the fully diluted shares.
Accordingly, the takeover bid is expected to proceed and payment for the shares tendered will be made after the final tender results are published early this week. Under the timetable to be established by the AMF, the tender offer will re-open with the same conditions within 10 trading days of the publication of the final results and must remain open for a period of at least 10 further trading days.
Accordingly, the takeover bid is expected to proceed and payment for the shares tendered will be made after the final tender results are published early this week. Under the timetable to be established by the AMF, the tender offer will re-open with the same conditions within 10 trading days of the publication of the final results and must remain open for a period of at least 10 further trading days.
Monday, November 10, 2008
Epsilon Energy Ltd. Updates Its Shares Purchased to Date Under Its Normal Course Issuer Bid
Epsilon Energy Ltd., announced that it had purchased 1,000,000 of its Common Shares through a combination of open market and block trades at an average cost of $0.83 per Common Share between October 1, 2008 and November 7, 2008. Under terms of the Normal Course Issuer Bid approved by the Toronto Stock Exchange (”TSX”) on September 29, 2008, Epsilon may purchase up to a total of 2,000,000 of its Common Shares during a period of one year commencing on October 1, 2008.
Epsilon believes that the current market price of its Common Shares does not fully reflect the value of its business and its future business prospects and represents an attractive investment opportunity, and that subsequent purchases under the Normal Course Issuer Bid will enhance long-term value for its remaining shareholders. As such, Epsilon may purchase up to 1,000,000 additional Common Shares remaining under the terms of its Normal Course Issuer Bid, as warranted.
Epsilon is engaged in the acquisition, exploration, development and production of oil and natural gas reserves in the Middle East, Africa and North America:
- Republic of Yemen: Epsilon has a 57.14% paying interest and a 50% undivided interest in the Block 41 Production Sharing Agreement, which covers approximately 5,600 sq. km onshore.
- Democratic Federal Republic of Ethiopia: Epsilon has signed a study agreement covering 154,871.53 sq. km with the option to acquire oil & gas concessions for the entire area or portions thereof.
- North America: Epsilon has producing properties in West Virginia, New York and Ohio and is focused on additional exploration and development projects targeting the Marcellus Shale in the Appalachian Basin the United States, Bakken Oil Shale in the Saskatchewan province of Canada and the Utica Shale in the Quebec province of Canada.
Epsilon believes that the current market price of its Common Shares does not fully reflect the value of its business and its future business prospects and represents an attractive investment opportunity, and that subsequent purchases under the Normal Course Issuer Bid will enhance long-term value for its remaining shareholders. As such, Epsilon may purchase up to 1,000,000 additional Common Shares remaining under the terms of its Normal Course Issuer Bid, as warranted.
Epsilon is engaged in the acquisition, exploration, development and production of oil and natural gas reserves in the Middle East, Africa and North America:
- Republic of Yemen: Epsilon has a 57.14% paying interest and a 50% undivided interest in the Block 41 Production Sharing Agreement, which covers approximately 5,600 sq. km onshore.
- Democratic Federal Republic of Ethiopia: Epsilon has signed a study agreement covering 154,871.53 sq. km with the option to acquire oil & gas concessions for the entire area or portions thereof.
- North America: Epsilon has producing properties in West Virginia, New York and Ohio and is focused on additional exploration and development projects targeting the Marcellus Shale in the Appalachian Basin the United States, Bakken Oil Shale in the Saskatchewan province of Canada and the Utica Shale in the Quebec province of Canada.
Friday, September 26, 2008
Starfire Minerals Inc. announces closing of $810,000 financing substantially with the MineralFields Group
Starfire Minerals Inc. announce that further to its news release of September 5, 2008, the Company has closed the first tranche of its non-brokered private placement and has issued a total of 8,100,000 flow through units (the “FT Units”) at $0.10 per FT Unit. $750,000 of this financing was purchased by the MineralFields Group.
Each FT Unit consists of one flow-through common share and one-half of one two year non-flow-through warrant, with each whole warrant being exercisable at a price of $0.20 per share in the first year and $0.30 per share in the second year, subject to forced acceleration in the event the Company’s shares close at a price of $0.35 per share in the first year and $0.45 per share in the second year for 20 consecutive trading days.
In connection with this closing, the Company paid a finder’s fee of: (i) $22,500 cash; (ii) 150,000 non-flow-through shares; and (iii) 750,000 warrants. Each warrant is exercisable into one non-flow-through common share at a price of $0.20 per share in the first year and $0.30 per share in the second year, subject to forced acceleration in the event the Company’s shares close at a price of $0.35 per share in the first year and $0.45 per share in the second year for 20 consecutive trading days.
All securities issued pursuant to this private placement are subject to a Canadian hold period expiring January 26, 2009.
Starfire Minerals Inc. is a professionally managed exploration company based in Vancouver British Columbia. The Company is listed on the TSX Venture Exchange (TSXV: SFR) and the Frankfurt Exchange (WKN 784574). The Company’s focus is the exploration of prospects for uranium, nickel and gold/base metals in Quebec, Ontario and British Columbia. The Company has optioned or ownership in 13 properties: seven uranium properties in Quebec and Ontario, five nickel properties in Ontario and one precious metal property in British Columbia.
Each FT Unit consists of one flow-through common share and one-half of one two year non-flow-through warrant, with each whole warrant being exercisable at a price of $0.20 per share in the first year and $0.30 per share in the second year, subject to forced acceleration in the event the Company’s shares close at a price of $0.35 per share in the first year and $0.45 per share in the second year for 20 consecutive trading days.
In connection with this closing, the Company paid a finder’s fee of: (i) $22,500 cash; (ii) 150,000 non-flow-through shares; and (iii) 750,000 warrants. Each warrant is exercisable into one non-flow-through common share at a price of $0.20 per share in the first year and $0.30 per share in the second year, subject to forced acceleration in the event the Company’s shares close at a price of $0.35 per share in the first year and $0.45 per share in the second year for 20 consecutive trading days.
All securities issued pursuant to this private placement are subject to a Canadian hold period expiring January 26, 2009.
Starfire Minerals Inc. is a professionally managed exploration company based in Vancouver British Columbia. The Company is listed on the TSX Venture Exchange (TSXV: SFR) and the Frankfurt Exchange (WKN 784574). The Company’s focus is the exploration of prospects for uranium, nickel and gold/base metals in Quebec, Ontario and British Columbia. The Company has optioned or ownership in 13 properties: seven uranium properties in Quebec and Ontario, five nickel properties in Ontario and one precious metal property in British Columbia.
Sunday, September 21, 2008
Investor Day Held by GoldSpring, Inc. , on October 11th
GoldSpring, Inc. announced that it will host its first Investor Day at its Comstock property on October 11, 2008 from 10 am to 4 pm pacific time. The Day will consist of a comprehensive tour of its Comstock property, including the Hartford Complex, an overview of its mineral holdings and the property’s geologic setting and a discussion of the Company’s Preliminary Resource Report.
The new gold resource estimate, which includes 19 additional drill holes not included in the Company’s June 10, 2008 Preliminary Resource Report, is 510,000 ounces. This is an increase of approximately 30%, or 118,000 gold ounces, from the June report. Telesto Nevada, Inc., an independent engineering company, provided the estimate, and they are completing their formal report for GoldSpring. The Telesto report will be filed in an 8-K with the SEC upon receipt. The presentation will also include a demonstration of the computer modeling of the ore deposit at the Hartford Complex and a barbeque.
The Investor Day will also provide the opportunity to meet management and consultants for GoldSpring. Shareholders and potential investors are invited to attend at 1200 American Flat Road, Gold Hill, Nevada. The Company will be providing directions and general information about the Open House on its web page, http://www.goldspring.us/
“We are very excited about the recent global resource estimate, which showed a substantial increase in resources compared to the June 10th Preliminary Resource Report,” commented Jim Golden, GoldSpring’s Chief Operating Officer. “We are continuing our developmental drilling program at the Hartford Complex and are looking forward to receiving additional assay results. The upcoming Open House provides a great forum to showcase our land position and facility, elaborate on the vast opportunities discussed during our recent presentation in San Francisco, and to meet our investors. This is also a great chance for our investors to witness our progress first-hand.”
GoldSpring, Inc. is a North American precious metals mining company, focused in Nevada, with extensive, contiguous property in the Comstock Lode District. Our Company was formed in mid-2003, and we acquired two properties in the Comstock Lode before the end of the year. We secured permits, built an infrastructure and brought the exploration project into test mining production within a year of its acquisition. The Company, in 2005, began consolidating the Comstock Lode by acquiring additional properties in the district, expanding our footprint and creating opportunities for exploration and mining. We are an emerging company, looking to build on our success through the acquisition of other mineral properties in the Comstock Lode District with reserves or exploration potential. The Company’s objectives are to increase reserves through exploration, expand its footprint in the Comstock, resume mining, optimize its production, and maximize shareholder value.
The new gold resource estimate, which includes 19 additional drill holes not included in the Company’s June 10, 2008 Preliminary Resource Report, is 510,000 ounces. This is an increase of approximately 30%, or 118,000 gold ounces, from the June report. Telesto Nevada, Inc., an independent engineering company, provided the estimate, and they are completing their formal report for GoldSpring. The Telesto report will be filed in an 8-K with the SEC upon receipt. The presentation will also include a demonstration of the computer modeling of the ore deposit at the Hartford Complex and a barbeque.
The Investor Day will also provide the opportunity to meet management and consultants for GoldSpring. Shareholders and potential investors are invited to attend at 1200 American Flat Road, Gold Hill, Nevada. The Company will be providing directions and general information about the Open House on its web page, http://www.goldspring.us/
“We are very excited about the recent global resource estimate, which showed a substantial increase in resources compared to the June 10th Preliminary Resource Report,” commented Jim Golden, GoldSpring’s Chief Operating Officer. “We are continuing our developmental drilling program at the Hartford Complex and are looking forward to receiving additional assay results. The upcoming Open House provides a great forum to showcase our land position and facility, elaborate on the vast opportunities discussed during our recent presentation in San Francisco, and to meet our investors. This is also a great chance for our investors to witness our progress first-hand.”
GoldSpring, Inc. is a North American precious metals mining company, focused in Nevada, with extensive, contiguous property in the Comstock Lode District. Our Company was formed in mid-2003, and we acquired two properties in the Comstock Lode before the end of the year. We secured permits, built an infrastructure and brought the exploration project into test mining production within a year of its acquisition. The Company, in 2005, began consolidating the Comstock Lode by acquiring additional properties in the district, expanding our footprint and creating opportunities for exploration and mining. We are an emerging company, looking to build on our success through the acquisition of other mineral properties in the Comstock Lode District with reserves or exploration potential. The Company’s objectives are to increase reserves through exploration, expand its footprint in the Comstock, resume mining, optimize its production, and maximize shareholder value.
Saturday, September 20, 2008
The Board of Directors of CIC Energy Corp. Has Approved Open Market Share Purchases
CIC Energy Corp. announces that its Board of Directors has approved, subject to the approval of the Toronto Stock Exchange, open market share purchases of up to 5 percent of the common shares outstanding over a one year period, through a normal course issuer bid.
“In light of the good progress being made on our power station project and the CIC Energy’s strong cash position of $95 million to fund expenses, a share buyback can create value for shareholders at current share price levels,” said Mr. Gregory Kinross, President of CIC Energy.
Under the normal course issuer bid, CIC Energy will be permitted to purchase up to 2,688,288 of its common shares in the open market, representing 5 percent of the issued and outstanding shares as of September 17, 2008. The actual number of shares purchased, the timing of the purchases and the purchase price will be made in accordance with regulatory requirements.
CIC Energy is a TSX/BSE-listed company engaged in the advancement of the Mmamabula Energy Complex at its Mmamabula Coal Field in Botswana, Africa. This planned Complex consists of the Mmamabula Energy Project, the Coal-to-Hydrocarbons Project and the Export Coal Project. The Mmamabula Energy Project is envisaged as a power station and integrated coal mine project. The Coal-to-Hydrocarbons Project is intended to produce syngas from coal which can be converted to a variety of downstream products, including fuels and petrochemicals. The planned Export Coal Project is actively investigating ways to export A grade thermal coal from the Mmamabula Coal Field.
CIC Energy has a treasury of approximately C$95 million. For additional information on CIC Energy and Mmamabula, please visit CIC Energy’s website at http://www.cicenergycorp.com/
“In light of the good progress being made on our power station project and the CIC Energy’s strong cash position of $95 million to fund expenses, a share buyback can create value for shareholders at current share price levels,” said Mr. Gregory Kinross, President of CIC Energy.
Under the normal course issuer bid, CIC Energy will be permitted to purchase up to 2,688,288 of its common shares in the open market, representing 5 percent of the issued and outstanding shares as of September 17, 2008. The actual number of shares purchased, the timing of the purchases and the purchase price will be made in accordance with regulatory requirements.
CIC Energy is a TSX/BSE-listed company engaged in the advancement of the Mmamabula Energy Complex at its Mmamabula Coal Field in Botswana, Africa. This planned Complex consists of the Mmamabula Energy Project, the Coal-to-Hydrocarbons Project and the Export Coal Project. The Mmamabula Energy Project is envisaged as a power station and integrated coal mine project. The Coal-to-Hydrocarbons Project is intended to produce syngas from coal which can be converted to a variety of downstream products, including fuels and petrochemicals. The planned Export Coal Project is actively investigating ways to export A grade thermal coal from the Mmamabula Coal Field.
CIC Energy has a treasury of approximately C$95 million. For additional information on CIC Energy and Mmamabula, please visit CIC Energy’s website at http://www.cicenergycorp.com/
Thursday, September 18, 2008
The Announcement of additional 2,250,000 shares of common stock pursuant to the underwriters’ exercise
Xcel Energy today issued an additional 2,250,000 shares of common stock pursuant to the underwriters’ exercise in full of their over-allotment option. The over-allotment option was exercised in connection with the Company’s recently completed registered public offering of 15,000,000 shares of common stock sold on September 15, 2008. The additional shares were sold to the underwriters on the same terms as the initial 15,000,000 shares. Morgan Stanley and Citi acted as joint bookrunning managers for the offering.
The net proceeds of the of the over-allotment exercise are expected to be used to repay commercial paper.
This announcement does not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any jurisdiction. The offering is being made only by means of a prospectus and related prospectus supplement. A prospectus supplement related to the offering has been filed with the Securities and Exchange Commission. Copies of the prospectus and prospectus supplement relating to the offering may be obtained from the offices of Morgan Stanley at 180 Varick Street, Second Floor, New York, New York 10014, Attention: Prospectus Department or by telephone to (212) 761-6775. or from the offices of Citi, at Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, NY 11220, Attention: Prospectus Department, or by telephone to (800) 831-9146.
Xcel Energy is a major U.S. electricity and natural gas company with regulated operations in eight Western and Midwestern states. Xcel Energy provides a comprehensive portfolio of energy-related products and services to 3.3 million electricity customers and 1.8 million natural gas customers through its regulated operating companies. Company headquarters are located in Minneapolis.
The net proceeds of the of the over-allotment exercise are expected to be used to repay commercial paper.
This announcement does not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any jurisdiction. The offering is being made only by means of a prospectus and related prospectus supplement. A prospectus supplement related to the offering has been filed with the Securities and Exchange Commission. Copies of the prospectus and prospectus supplement relating to the offering may be obtained from the offices of Morgan Stanley at 180 Varick Street, Second Floor, New York, New York 10014, Attention: Prospectus Department or by telephone to (212) 761-6775. or from the offices of Citi, at Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, NY 11220, Attention: Prospectus Department, or by telephone to (800) 831-9146.
Xcel Energy is a major U.S. electricity and natural gas company with regulated operations in eight Western and Midwestern states. Xcel Energy provides a comprehensive portfolio of energy-related products and services to 3.3 million electricity customers and 1.8 million natural gas customers through its regulated operating companies. Company headquarters are located in Minneapolis.
BNP Paribas Gets An Exclusive Mandate to Act as Lead Arranger of a $US 66 Million Debt Financing Facility
Infinito Gold Ltd. announce that it has signed an engagement letter under which it has given BNP Paribas an exclusive mandate to act as lead arranger of a $US 66 million debt financing facility to complete the construction and start-up of Infinito Gold’s 100% owned Crucitas Gold Mine Project located in north central Costa Rica. The financing is subject to BNP Paribas completing its due diligence process, which has commenced, and settlement of the terms of the facility.
Infinito Gold is a gold exploration and development company based in Calgary, Alberta, in the process of transitioning from junior explorer to gold producer. The development of the Crucitas Gold Mine Project is underway in Costa Rica with gold production scheduled to begin in late 2009. This signifies a major step forward for Infinito Gold and its shareholders.
“We are pleased to be working with the BNP Paribas team to bring the Crucitas Gold Mine Project into production,” said John Morgan, President and CEO of Infinito Gold. Steven Dean, the Chairman of Infinito Gold, said “The combination of the proven financial capability of BNP Paribas coupled with the quality project team currently at work in Costa Rica gives us great confidence that this project will be developed in an environmentally and socially responsible manner to the benefit of our shareholders, employees and local stakeholders.”
On July 17, 2008 the Company announced the results of a feasibility study on the Crucitas Gold Mine Project prepared by Micon International Limited. The project economics set forth in this study are considered by the Company to be robust due to a number of factors including a low strip ratio of 0.6 tonnes of waste per tonne of ore, high gold recoveries averaging over 92 percent and a relatively low initial capital cost of $US 66.2 million. The mine operating costs are estimated to be below US$ 350 per ounce, net of silver credits. The feasibility study may be found with the Company’s filings at www.sedar.com. The forgoing scientific and technical information has been prepared under the supervision of Ian Ward P. Eng., a qualified person under NI 43-101, who is independent of the Company.
Construction has been underway since June of this year and several buildings have been completed on site along with access road improvements, bridge installation and site preparation. Most of the large mill components have been delivered to the site and the project is on schedule and on budget for completion in late 2009.
The Company announced on August 29, 2008 that it had completed a non-brokered private placement for an aggregate of $CDN 18 million with Exploram Enterprises Ltd. and Auro Investments Ltd. which funds are anticipated to supply the required funding for mine construction until the financing with BNP Paribas can be completed.
BNPP is an AA+ rated world class financial institution with a full range of product and distribution capabilities, including a dedicated group specializing in providing project finance services to the energy, metals and mining industries. A market leader, BNP Paribas ranked #1 global Mandated Lead Arranger in project finance by Thomson Financial in 2007.
Infinito Gold is a gold exploration and development company based in Calgary, Alberta, in the process of transitioning from junior explorer to gold producer. The development of the Crucitas Gold Mine Project is underway in Costa Rica with gold production scheduled to begin in late 2009. This signifies a major step forward for Infinito Gold and its shareholders.
“We are pleased to be working with the BNP Paribas team to bring the Crucitas Gold Mine Project into production,” said John Morgan, President and CEO of Infinito Gold. Steven Dean, the Chairman of Infinito Gold, said “The combination of the proven financial capability of BNP Paribas coupled with the quality project team currently at work in Costa Rica gives us great confidence that this project will be developed in an environmentally and socially responsible manner to the benefit of our shareholders, employees and local stakeholders.”
On July 17, 2008 the Company announced the results of a feasibility study on the Crucitas Gold Mine Project prepared by Micon International Limited. The project economics set forth in this study are considered by the Company to be robust due to a number of factors including a low strip ratio of 0.6 tonnes of waste per tonne of ore, high gold recoveries averaging over 92 percent and a relatively low initial capital cost of $US 66.2 million. The mine operating costs are estimated to be below US$ 350 per ounce, net of silver credits. The feasibility study may be found with the Company’s filings at www.sedar.com. The forgoing scientific and technical information has been prepared under the supervision of Ian Ward P. Eng., a qualified person under NI 43-101, who is independent of the Company.
Construction has been underway since June of this year and several buildings have been completed on site along with access road improvements, bridge installation and site preparation. Most of the large mill components have been delivered to the site and the project is on schedule and on budget for completion in late 2009.
The Company announced on August 29, 2008 that it had completed a non-brokered private placement for an aggregate of $CDN 18 million with Exploram Enterprises Ltd. and Auro Investments Ltd. which funds are anticipated to supply the required funding for mine construction until the financing with BNP Paribas can be completed.
BNPP is an AA+ rated world class financial institution with a full range of product and distribution capabilities, including a dedicated group specializing in providing project finance services to the energy, metals and mining industries. A market leader, BNP Paribas ranked #1 global Mandated Lead Arranger in project finance by Thomson Financial in 2007.
An Extension of Goldfield’s Stock Repurchase Plan
The Goldfield Corporation, a leading provider of electrical construction and maintenance services in the southeastern United States and a developer of condominiums on the east coast of Florida, announced that its Board of Directors approved an extension of Goldfield’s stock repurchase plan until September 30, 2009. As of September 15, 2008, the Company has repurchased 2,345,060 shares pursuant to the plan, at an average cost of $0.55 per share, and is authorized to purchase an additional 1,154,940 pursuant to the plan. Goldfield, as of September 15, 2008, had 25,451,354 shares outstanding.
Goldfield is a leading provider of electrical construction and maintenance services in the energy infrastructure industry in the southeastern United States. The company specializes in installing and maintaining electrical transmission lines for a wide range of electric utilities. Goldfield is also involved in the development of high-end condominium projects on Florida’s east coast. For additional information, please visit http://www.goldfieldcorp.com .
Goldfield is a leading provider of electrical construction and maintenance services in the energy infrastructure industry in the southeastern United States. The company specializes in installing and maintaining electrical transmission lines for a wide range of electric utilities. Goldfield is also involved in the development of high-end condominium projects on Florida’s east coast. For additional information, please visit http://www.goldfieldcorp.com .
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