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..

Timberline Forms 50/50 Joint Venture At Butte Highlands With SMD, Agrees to Cancel Acquisition of SMD, and Completes $10-Million Debt/Equity Financing to Retire Bridge Loan Facility

Timberline Resources Corporation announced that it and Ron Guill have mutually agreed to cancel the agreement to acquire Small Mine Development, LLC (“SMD”), while simultaneously agreeing to form a 50/50 joint venture with SMD at Timberline’s 100-percent owned, royalty-free Butte Highlands... Read more..

Providential Holdings Announces Successful Merger of Vietnamese Specialty Steel Company

Providential Holdings, Inc., which operates in merger and acquisitions consultancy, financial services, energy and resources, real estate development and invests in special opportunities, has successfully completed the reverse merger of Nam Kim Joint Stock Co., a Vietnam-based company, (”NAKISCO”)... Read more..

Tornado Gold Closes Over Four Million ($4,000,000 USD) in Equity Financing to Date

Tornado Gold International Corp announced that is has closed over four million ($4,000,000) in equity financing to date, at an average cost of $0.20. Proceeds will be used for continued land acquisition and exploration. Further, Tornado Gold is very pleased to announce the appointment of Mr. Larry Kornze,... Read more..

Beadell Drops Acquisition Of Carcow Gold Mine On Failure Of Equity Raising

Friday, gold mining company Beadell Resources Ltd. said it was withdrawing the proposed buyout of Carcow mine from gold explorer Newcrest Mining Ltd., as it failed to complete raising the required funds through an equity offering. The A$280 million Carcow mine is owned on a 70 – 30 percentage basis... Read more..

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..

Tag: 10 tonnes per hour capacity dms plant for mineral processing, city view mining angola, diamond plant mining, city view gold, nhefo

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..

Tag: electrum strategic resources ceo, gold mining companies offering warrants, gold mining financing, electrum strategic, electrum price

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..

Fronteer Announces Intention to Acquire Aurora Energy Resources Inc.

Fronteer Development Group Inc. announced that it intends to make an offer to acquire all of the outstanding common shares of Aurora Energy Resources Inc. that it does not already own. Pursuant to the Offer, Aurora shareholders will receive 0.825 of a Fronteer common share for each Common Share. The... Read more..