Archive for April, 2010

2010 Exploration Program Advances at Minefinders La Virginia Project, Sonora State, Mexico

Thursday, April 29th, 2010
2010 Exploration Program Advances at Minefinders La Virginia Project, Sonora State, Mexico

Minefinders Corporation Ltd. report that drilling has begun on its 100% owned La Virginia Project following receipt of exploration permits and completion of road and drill pad construction. The La Virginia Project has never been drilled and contains six untested target areas located within an area 20 kilometres in length and 12 kilometres in width. The... readmore

Xinergy announces completion of acquisition of Raven Crest Mining, LLC

Thursday, April 29th, 2010
Xinergy announces completion of acquisition of Raven Crest Mining, LLC

Xinergy Ltd. through its wholly owned subsidiary, Shenendoah Energy, LLC, is pleased to announce that, effective yesterday, it completed the acquisition of the remaining 95% interest of Raven Crest Mining, LLC (“Raven Crest”) that Xinergy does not already own for US$40.0 million in cash, the assumption of US$18.8 million in debt, which was... readmore

Dagilev Capital and Lundin Mining Close Salave Gold Property Acquisition

Thursday, April 15th, 2010
Dagilev Capital and Lundin Mining Close Salave Gold Property Acquisition

Dagilev Capital Corp. announce that it has closed the acquisition of a 100% interest in the Salave Gold Deposit from Lundin Mining Corp. and other parties. TSX Venture Exchange has approved the Salave acquisition as Dagilev’s qualifying transaction. The company also announces that it will be renamed Astur Gold Corp. subject to shareholder approval... readmore

St. Eugene Mining Corporation Announces $1.1M Exploration Program on Amisk Gold Project, Saskatchewan

Tuesday, April 13th, 2010
St. Eugene Mining Corporation Announces $1.1M Exploration Program on Amisk Gold Project, Saskatchewan

St. Eugene Mining Corporation Ltd. announces that a $1.1 million drilling and exploration campaign is underway at the Amisk Gold Project, Saskatchewan, which includes 2,300 meters of diamond drilling (completed; assays pending) in an effort to expand the existing Amisk-Laural Gold Deposit, and to evaluate the bulk mining potential of the system. The... readmore

Pershimco Resources Announces Its Intent to Proceed With a Private Placement

Tuesday, April 13th, 2010
Pershimco Resources Announces Its Intent to Proceed With a Private Placement

Pershimco Resources Inc. announces its intent to realize a brokered arm’s length private placement for subscriptions amounting to a minimum of Cdn$1,000,000 and a maximum of Cdn$2,000,000 for a subscription price of $0.17 per unit, subject to the approval of the TSX Venture Exchange and regulatory authorities. Each unit will consist of one Class... readmore

Alternative Petroleum Technologies Receives Purchase Order from Refinery for Emulsified Fuel Oil

Monday, April 12th, 2010
Alternative Petroleum Technologies Receives Purchase Order from Refinery for Emulsified Fuel Oil

Alternative Petroleum Technologies S.A. (“APT”) announced it has received a purchase order from a refinery owned and operated by India’s largest oil company, the Indian Oil Corporation Limited (“IOC”). After several months of consideration under an arduous tender process, APT was awarded the right to deliver its heavy fuel... readmore

NiMin Energy Signs Term Sheet for Long-Term Financing

Monday, April 12th, 2010
NiMin Energy Signs Term Sheet for Long-Term Financing

NiMin Energy Corp. announced the execution of a preliminary term sheet for a senior secured loan (the “Loan”) in the amount of US$36 million from a large institutional private lender (the “Lender”). At the request of the Company and subject to approval by the Lender, the Loan may be increased up to US$75 million to provide additional... readmore