Cameco Corporation announced that the company and Centerra Gold Inc. have signed an agreement with the Kyrgyz government that resolves all outstanding issues with respect to the Kumtor gold mine. The agreement is expected to further align the parties’ business interests and provide additional certainty for continuing operations and future development of the Kumtor project. The Kyrgyz government... Read more..
Carlisle Goldfields Limited a Canadian based gold exploration and development company announce that, further to its press release dated February 26, 2009, Carlisle will be acquiring additional gold properties from Delta Uranium Inc. (”Delta”). This is pursuant to a proposed business combination (the “Transaction”) whereby Carlisle is to acquire all of the issued and outstanding... Read more..
Fronteer Development Group Inc. announced today that it has acquired all of the remaining common shares of Aurora Energy Resources Inc. (”Aurora”) pursuant to a going private transaction involving the amalgamation (the “Amalgamation”) of Aurora and a direct wholly-owned subsidiary of Fronteer. The Amalgamation was approved and adopted at a special meeting of Aurora shareholders... Read more..
Royal Roads Corp. announce that the Burtons Pond gold property ownership has reverted back 100% to Royal Roads. In December 2004 Buchans River Ltd. entered into a joint venture agreement which would enable Prominex Resource Corp. to earn a 70% interest in the Property by fulfilling certain obligations. Under the terms of the agreement, Prominex was required to make cash payments totaling $35,000,... Read more..
Brazauro Resources Corporation will seek approval from the TSX Venture Exchange to amend the 9,026,666 outstanding share purchase warrants of the Company (the “Warrants”) originally issued pursuant to private placements of Units of the Company. A total of 4,626,666 Warrants originally issued on March 22, 2007 and which currently entitle the holder to acquire one additional common share of the Company... Read more..
Franconia Minerals Corporation report that it has received all funds from the State of Minnesota related to its 2006 loan agreement, providing the Company with a total of US$2.0 million in loans and US$500,000 in the form of a non-repayable grant. According to the original terms of the 2006 loan agreement, the State – through its two economic development entities, Iron Range Resources and the... Read more..
Atlantic Industrial Minerals Incorporated announced that in connection with its previously announced agreement to sell its common shares of Kelly Rock Limited to Municipal Capital Incorporated, AIM has received an updated estimate valuation report from Grant Thornton LLP with respect to the value of the common shares of its subsidiary Kelly Rock Limited confirming that the common shares were estimated... Read more..
NovaGold Resources Inc. reminds its shareholders that, as previously disclosed in its press release dated January 2, 2009, the TSX de-listing review was triggered by NovaGold’s reliance on the financial hardship exemption under Section 604(e) of the TSX Company Manual. NovaGold applied to the TSX under the provisions of Section 604(e) of the Company Manual for an exemption from securityholder... Read more..
Central GoldTrust announce that CIBC World Markets Inc. has exercised its right to purchase an additional 148,000 Units at a price of US$33.83 per Unit, for additional gross proceeds of U.S.$5,006,840 to Central GoldTrust. CIBC World Markets Inc. agreed earlier this morning to underwrite 975,500 Units for gross proceeds of U.S.$33,001,165. The underwritten price of U.S.$33.83 per Unit was non-dilutive... Read more..
NovaGold Resources Inc. announced that it has entered into a definitive agreement with Electrum Strategic Resources LLC providing for the sale to Electrum on a private placement basis of 46,153,847 Units for a purchase price of US$1.30 per Unit, for aggregate gross proceeds of US$60 million. Each Unit consists of one common share of NovaGold and one common share purchase warrant of NovaGold (”Warrant”).... Read more..