Tiomin Provides Bridge Loan to Freegold Ventures

Tiomin Resources Inc. announce that it will provide a bridge loan of US$2 million to Freegold Ventures Limited (’Freegold’). The funds will be advanced by no later than August 25, 2008. This US$2 million loan completes a US$4 million bridge loan financing obtained by Freegold, which closed... Read more..

Gold Resource Corporation Mobilizing Equipment for Its El Aguila Project; Looks to First Quarter 2009 Start-Up

Gold Resource Corporation (GRC) report it has begun to mobilize equipment to the Mexico border in preparation for clearing customs and ultimate transport to its Aguila mill in the southern state of Oaxaca, Mexico. The El Aguila Project is targeting gold production first quarter 2009, subject to timely... Read more..

FUQI International Completes Acquisition of Shanghai Tian Mei Jewelry Co. Ltd. and Beijing Yinzhong Tian Mei Jewelry Co., Ltd.

FUQI International, Inc. announced that it has completed the purchase of two jewelry companies, Shanghai Tian Mei Jewelry Co. Ltd. and Beijing Yinzhong Tian Mei Jewelry Co. Ltd., collectively known as Temix (”Temix”) on August 7, 2008. FUQI has acquired 100% ownership of Temix an asset purchase... Read more..

Firstgold Corp. Arranges US $15.75 Million Secured Loan Facility

Firstgold Corp. is pleased to announce that it has arranged a $US 15.75 million senior secured note facility with two US-based investment funds , which is fundable in five tranches, the first of which closed today for aggregate gross proceeds of $6,742,625. Additional funding under the Loan is subject... Read more..

Fortress Financial Group, Inc. Updates Its Stockholders on Its Investment in Hunt Gold Corporation

Fortress Financial Group, Inc. confirms that the Private Equity Group currently bidding for Hunt Gold Corporation has indicated that they intend to raise their bid price for that Company from their current bid price of US$0.025 per share. They intend do so prior to the market open, on August 8, 2008. Fortress... Read more..

Tag: fortress financial mortgage investment

Golden Band Resources Arranges Non-Dilutive $3 Million Exploration Funding

Golden Band Resources Inc.announced that it has entered into an Option Agreement with Santoy Resources Ltd. (”Santoy”) whereby Santoy will expend $3,000,000 on several of the Company’s more-advanced projects in the La Ronge Gold Belt of northern Saskatchewan. The work, which will consist... Read more..

Anaconda Announces Option Agreement to Sell the Damoti Lake Gold Project

Anaconda Mining Inc. announces it has entered into an option agreement to sell its interest in the Damoti Lake gold project (”Damoti” or the “Project”) to Merc International Minerals Inc.. Terms of the option agreement provide for a cash payment to Anaconda of $250,000 and the... Read more..

Highfields to acquire 8 percent of Alcoa

Aluminum producer Alcoa Inc. has recently reported that it has received official notice from Highfields Capital Management of its intention to acquire up to 8 percent of the company’s common shares. The stake includes about 2 percent of Alcoa’s common shares that Highfields’ affiliated... Read more..

Tag: highfields mines

High River Gold Announces Strategic Investment Transaction With Alfa Group

High River Gold Mines Ltd. announced that it has entered into an arms-length strategic investment agreement with Veromart Securities Inc., an indirect wholly-owned subsidiary of the Alfa Group Consortium (the “Alfa Group”) which is one of Russia’s largest privately-owned financial/industrial... Read more..

Newmont Mining Corp to seek Resources

Newmont Mining Corp. one of the world’s largest unhedged gold producers, reported that Gold prices are skyrocketing due to higher demand, U.S. trade/budget/currency issues and global instability. Declining grades are pushing up mining costs prompting the company to cut costs. We set a target of... Read more..