CityView Announces Diamond Processing Plants Supplier for Nhefo

CityView Corporation Limited announces that Canzar Resources Limited, the Operator of the Nhefo and Luachisse diamond concessions in Angola, has engaged International Progress & Design of South Africa to supply Dense Medium Separator (DMS) mobile plants for installation at Nhefo. The combined plants... Read more..

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Apollo Gold to close of Unit offering

Apollo Gold Corporation told the press that it has closed the previously announced offering of units (”Units”). A total of 40,806,500 Units were subscribed for at a price of Cdn$0.50 per Unit (US$0.495 per Unit for purchasers residing in the United States), for total gross proceeds of $20,215,750... Read more..

Wolverine Tube Sells Canadian Plumbing Tube Unit for $42 Million

Wolverine Tube, Inc. announced the sale of its Canadian plumbing tube unit for US $42 million in cash. Steven S. Elbaum, Chairman of Wolverine, stated, “The sale of this unit is in line with Wolverine’s strategy of focusing its business and capital on the development and sale of value added,... Read more..

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Abitex assays 2.15% U3O8 and 17.25 g/t gold on new discovery in Otish Mountains, Quebec

Abitex Resources Inc. announce a significant new Uranium-Gold discovery on its 100% owned Epsilon property in the Otish Mountains region of Quebec. The new surface outcrop discovery is located approximately 15 km West of Abitex’s Lavoie property under option from AREVA Resources Canada (”ARC”)... Read more..

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Central GoldTrust Increases Equity Offering to U.S.$38,008,005 as Underwriter Exercises its Right to Purchase Additional Units

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... Read more..

NovaGold Announces US$60 Million Financing With Electrum Strategic Resources

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... Read more..

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IAMGOLD Options Merrex Gold’s Siribaya Gold Project in Mali and Confirms Equity Position in Merrex Gold

IAMGOLD Corporation has entered into a definitive Option Agreement to earn a 50% interest in the Siribaya Gold project in Mali, West Africa, which is 100% controlled by Merrex Gold Inc. . IAMGOLD can earn its interest by spending Cdn$10.5 million over four years. As part of the Agreement, IAMGOLD completed... Read more..

Merrex Increases Ownership of Siribaya to 100% and Closes $12,000,000 Option and Private Placement With IAMGOLD

Gregory Isenor, P.Geo., President and CEO of Merrex Gold Inc. announces that Merrex has closed its Private Placement and Option Agreement with IAMGOLD Corporation for 50% of Merrex’s Siribaya Gold Project in West Mali, Africa. “We are pleased to have increased our control of Siribaya to 100%... Read more..

Exploration Orbite V.S.P.A. Inc.: Private Placement of a Maximum of $200,000

Exploration Orbite V.S.P.A. Inc. wishes to annouce that it is proceeding with a private placement of a maximum of 20 units at $10,000 per unit. That private placement is addressed to “qualified investors” only. Each unit is made up of 56,250 class “A” flow-through shares at $0.16... Read more..

Alcoa and ORKLA ASA Agree to Exchange Equity Stakes

Alcoa announced it has agreed with ORKLA ASA to exchange their stakes in a Norwegian smelting partnership and a Swedish extrusion joint venture in order to focus on their respective areas of expertise and best practices. Alcoa will receive Orkla’s 50 percent stake in Elkem Aluminum ANS while Orkla... Read more..