Precious Metals / Minerals

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Besra Gold Inc receives signed subscription agreement from Victory Corporation Group

Friday, 11 Jul 2014 05:54pm EDT

Besra Gold Inc:Says, further to media releases of June 20, 2014 and July 04, 2014, it is now in receipt of signed subscription agreement from Victory Corporation Group (VCG).Subscription agreement provides for purchase by VCG, or one or more of its affiliates, of 250 mln common shares in Besra Gold Inc. (Besra or company) at price of $0.057 per share for aggregate gross proceeds of $14.25 mln.Closing is scheduled for July 31, 2014.

Jet Metal announces $2 mln financing

Friday, 11 Jul 2014 06:30am EDT

Jet Metal Corp:Intends to undertake a non-brokered private placement to raise up to a total of $2,000,000.Intends to undertake a non-brokered private placement to raise up to a total of $2,000,000 through the issuance of 12,121,212 units at a price of $0.165 per Unit.Each Unit will consist of one common share and one half of one common share purchase warrant.Each Warrant shall be exercisable to acquire one common share for a period of 24 months at an exercise price equal to $0.30.Intends to use the net proceeds of the Offering to continue to advance its mineral exploration properties, for potential acquisitions of new mineral properties, and for general corporate and working capital purposes.

Metaliko Resources Ltd announces ownership interest of Waterton Global Value, L.P.

Friday, 11 Jul 2014 02:48am EDT

Metaliko Resources Ltd:Says Waterton Global Value, L.P. holds 33,333,333 ordinary shares representing 26.49 pct (based on 125,847,775 ordinary shares currently on issue) of the total voting power.

Sovereign Gold Co Ltd's bid reaches 99 pct. of Mount Adrah Gold

Thursday, 10 Jul 2014 07:57pm EDT

Sovereign Gold Co Ltd:Says further acceptances for Sovereign Gold Co Ltd's offer for its Mount Adrah shares and options has increased Sovereign Gold's interest in Mount Adrah Gold Ltd to 99.2 pct.Says its offer is for full acquisition of Mount Adrah Gold Ltd.Sovereign Gold is offering Mount Adrah shareholders four Sovereign Gold shares (at A$0.048 on offer date) for each Mount Adrah share including options held by them.Offer value is A$0.192 per Mount Adrah share including options.Consideration for total acquisition would be issue of up to 64.7 mln Sovereign Gold shares with cash value of A$3.1 mln.

San Antonio Ventures Inc signs letter of intent to acquire R2 Energy Ltd

Thursday, 10 Jul 2014 12:39pm EDT

San Antonio Ventures Inc:Entered into a non-binding letter of intent dated July 4, 2014 with R2 Energy Ltd.Pursuant to which the parties propose that San Antonio will acquire all of the issued and outstanding common shares of R2 in exchange for common shares of San Antonio on a one-for-one post-consolidation basis.

Orex Exploration Inc announces extension of delay to close private placement

Thursday, 10 Jul 2014 10:43am EDT

Orex Exploration Inc:Extends to Aug. 25, 2014, proposed non-brokered private placement of units for maximum amount of $500,000.Each unit will comprise one common share of the Corporation at a price of $0.05 and one whole common share purchase warrant, at an exercise price of $0.05 per share, valid for a three-year period.Insiders of the corporation may subscribe for more than 25 pct of the offered units.Subscribed securities will be subject to hold period of four months from the closing date.

Aurcana Corp announces new President and CEO

Thursday, 10 Jul 2014 09:09am EDT

Aurcana Corp:Says that Lenic Rodriguez, President and CEO, will be leaving his management position with the company, effective July 19.Says that Kevin Drover has been appointed as the new President & CEO.

St Andrew Goldfields reaffirms FY 2014 production guidance

Thursday, 10 Jul 2014 08:45am EDT

St Andrew Goldfields Ltd:Says gold production remains on track to meet the FY 2014 guidance of between 75,000 to 85,000 ounces.

Kingsgate Consolidated Ltd announces appointment of CEO

Wednesday, 9 Jul 2014 08:15pm EDT

Kingsgate Consolidated Ltd:Says appointment of Geoff Day as chief executive officer (CEO).Says Geoff Day will commence duties following completion of his contractual obligations at Newcrest during current quarter.

Golden Rim Resources Ltd issues shares to Aurora Minerals Ltd as part repayment of convertible loan

Wednesday, 9 Jul 2014 07:43pm EDT

Golden Rim Resources Ltd:Says that it has issued to Aurora Minerals Ltd 206,250,000 fully paid ordinary shares in the company (Shares) at deemed issue price of A$0.008 per share.Issue is made in part repayment of a A$3 mln convertible loan issued by Aurora Minerals Ltd to the company.As stated in notice, A$1.65 mln of loan shall be converted into 206,250,000 shares at a deemed issue price of A$0.008 per share.

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