Precious Metals / Minerals
Midas Gold Corp Agrees To CAD9.8 Million Private Placement
Midas Gold Corp announced that it has agreed to undertake a C$9,809,800 million non-brokered private placement with Teck Resources Limited (Teck) whereby Teck will subscribe for 12,740,000 common shares of Midas Gold (Shares) at a price of $0.77 per Share, which represents a 10% premium to the 5-day volume-weighted average trading price of the Shares and a 5% premium to the closing price on June 28, 2013. Teck holds no shares of Midas Gold. It is anticipated that Teck will own approximately 9.9% of the shares outstanding upon closing of the Placement. Proceeds of the Placement will be used to continue the evaluation of Midas Gold's Golden Meadows Gold Project located in Idaho, USA, and for general working capital purposes.
Auplata SA Appoints Mr. Didier Tamagno as Chief Executive Officer
Auplata SA announced that it has appointed Mr. Didier Tamango as Chief Executive Officer. Mr. Jean-Francois Fourt, who had been the Company's Chairman and Chief Executive Officer, retains the post of Chairman.
Knick Exploration Inc Announces Proposed Non-Brokered Private Placement
Knick Exploration Inc announced a proposed non brokered private placement of a maximum of up to 200 Units at a price of $1,000 per Unit and up to 300 Flow-Through Units at a price of $1,000 per Flow-Through Unit for an aggregate amount of $500,000. Each Unit will be comprised of 20,000 common shares and 20,000 common share purchase warrants. All the shares, included in the Units, will be issued at a price of $0.05 per share. Common share purchase warrants comprised in the Units will entitle the holder thereof to purchase one additional common share at a price of $0.10 for te period of 18 months. This 18 months period will be restricted if and only if the common share's current rate be $0.20 or more for a 20 consecutive business day period. Each Flow-Through Unit will be comprised of 20,000 common flow-through shares and 20,000 common share purchase warrants. All the common flow-through shares, included in the Flow-Through Units, will be issued at a price of $0.05 per flow-through share. Common share purchase warrants comprised in the Flow-Through Units will entitle the holder thereof to purchase one additional common share at a price of $0.15 for the period of 12 months. Knick will use the proceeds from the placement of Flow-Through Shares to incur Canadian Exploration Expenses on its mining properties while the net proceeds from the Units will be use as working capital of Knick.
Hunter Bay Minerals plc Announces New Chief Executive Officer And Chairman
Hunter Bay Minerals plc announced that Mr. Derk Hartman, a member of Hunter Bay's board of directors, has been appointed Chief Executive Officer. Hunter Bay also announces that Dr. Christopher Wilson, who resigned as Chief Executive Officer, has been appointed as Chairman of Hunter Bay's board of directors and will continue to serve as a member of Hunter Bay's board of directors.
Troy Resources Ltd Declares Offer For Azimuth Unconditional
Troy Resources Ltd announced that it has declared its takeover offer for the shares in Azimuth Resources Limited (Azimuth) free from all conditions. As at 2.00pm (Sydney time) on July 2, 2013, Troy’s voting power (plus acceptance instructions under the Institutional Acceptance Facility) was 78.23%. As the offer has now been declared unconditional, Troy has a relevant interest and voting power in the shares in the Institutional Acceptance Facility. Processing of all acceptances received to date will now commence. Azimuth shareholders who have already accepted Troy’s offer, or who do so prior to 7.00pm (Sydney time)/ 5.00am (Toronto) time on Friday, July 5, 2013, will be issued their new Troy shares on July 11, 2013. Azimuth shareholders who accept after that date will be issued their Troy shares in accordance with the terms of the Troy offer. The offer continues to be unanimously recommended by the board and CEO of Azimuth and shareholders who have not accepted the Troy offer are encouraged to do so as soon as possible. The offer is scheduled to close at 7.00pm (Sydney time) / 5.00am (Toronto time) on July 12, 2013 (unless extended).
Kula Gold Ltd Announces Management Changes
Kula Gold Ltd announced that Managing Director and Chief Executive Officer, Mr Lee Spencer and Chief Financial Officer, Mr John Watkins will step down from their Executive roles and remain on the Board as Non Executive Directors. Stuart Pether, previously COO will be appointed Chief Executive Officer with immediate effect. Stuart, a qualified mining engineer with over 25 years of experience, started with the Company in February this year.
Saracen Mineral Holdings Ltd Announces Appointment Of Guido Staltari As Non-Executive Chairman
Saracen Mineral Holdings Ltd announced that effective July 1, 2013, Mr Guido Staltari will move from the role of Executive Chairman to Non-Executive Chairman. As noted in the Company’s ASX announcement of March 21, 2013, Mr Staltari, had performed the duties of both Managing Director and Chairman until the appointment of Mr Raleigh Finlayson as Managing Director from April 2, 2013 and would remain a part time executive during a transitionary period. The transitional period ended on June 30, 2013.
Tim Netscher To Set Up As Deep Yellow Ltd's Chairman From September 1, 2013
Deep Yellow Ltd announced that Mr. Tim Netscher will step up as Chairman of the Board on September 1, 2013 succeeding Mr. Mervyn Greene. Mr Greene has served on the Board since 2006 and as Chairman since 2007. Mr. Greene will continue as a non-executive Director of Deep Yellow.
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Analyst Research
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