Specialty Mining & Metals

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Arcotech Ltd receives order from India Government Mint

7:53am EDT

Arcotech Ltd:Has bagged an order from India Government Mint (IGM), Mumbai for supply of 3000 MT Nickel Brass Coils worth 1.57 bln Indian Rupees with an option of another 25 pct order making it an aggregate order of 1.96 bln Indian Rupees.

L'sea Resources International Holdings Ltd announces resignation of executive director and chairman of board

4:16am EDT

L'sea Resources International Holdings Ltd:Says Chen Zhenliang has tendered his resignation as executive director and chairman of the board with effect from Sept. 30.

Deutsche Rohstoff AG announces sale of Wolfram Camp Mine to Almonty Industries Inc completed

2:06am EDT

Deutsche Rohstoff AG:Says sale of Deutsche Rohstoff's Wolfram Camp tungsten mine in Queensland/Australia has been completed.Says sold all shares of 100 pct owned subsidiaries Wolfram Camp Mining and Tropical Metals.Says buyer is Canadian company Almonty Industries.Says purchase price amounts to 18 million Canadian Dollar (CAD), which converts to approx. 12.7 million euros at current exchange rates.

Discovery Metals Ltd confirms Robert (Bob) Fulker as chief executive officer

Monday, 22 Sep 2014 08:00pm EDT

Discovery Metals Ltd:Announces that Robert (Bob) Fulker has been confirmed as chief executive officer of the company, with effect from Sep. 18.

Millrock Resources Inc announces financing

Monday, 22 Sep 2014 04:30pm EDT

Millrock Resources Inc:Says it plans to raise gross proceeds of up to $3,500,000 through the sale of 70,000,000 units priced at $0.05 per unit.Each unit consists of one common share and one share purchase warrant, with each Warrant entitling holder thereof to purchase one additional common share at price of $0.07 per share for period of two years, and thereafter at price of $0.10 per share for an additional period of three years.Securities issued under this financing will be subject to hold period of four months from closing date.Proceeds from financing will be used for project generation, project marketing to partners and for general corporate purposes.

Paragon Resources PLC announces potential transaction to acquire MRE Mining (Mauritius) Ltd and issue of convertible loan note

Monday, 22 Sep 2014 02:00am EDT

Paragon Resources PLC:Says that it has entered into MOU relating to potential transaction.MOU is between Paragon Resources plc and Tana Minerals Pty Ltd.Tana management has been involved for several years with a potentially high grade rare earth (REE) project in central Madagascar which it wholly owns through its subsidiary MRE Mining (Mauritius) Ltd (MRE).Says potential transaction will involve Paragon acquiring MRE in exchange for issue of new Ordinary shares in Paragon and raising new equity capital to develop project.Says that in connection with potential transaction, the company has agreed a new convertible loan note financing facility with various parties, to provide working capital funding.Terms of facility are as follows: total facility amount of up to 150,000 pounds, 20,000 pounds of which has been drawn down; interest payable at 8 pct. per annum on all drawn balances; and unsecured.

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