GOLDCORP INC. today agreed to support the proposed transaction by which Northgate Minerals Corporation will acquire all of the issued and outstanding shares of Primero Mining Corp. The transaction will be effected through a plan of arrangement under the British Columbia Business Corporations Act. Goldcorp controls 35.5% of the outstanding shares of Primero, and has agreed to vote its shares in support of the arrangement. Upon completion of the arrangement,...
Spanish Mountain Gold Ltd. announce that it has closed its private placement offering (the “Offering”), previously announced on June 30, 2011. Pursuant to the Offering, 33,333,328 units (the “Units”) have been placed at a price of $0.60 per unit for total gross proceeds of approximately CAD$20,000,000. Due to stronger than expected investor demand, the size of the Offering was increased by 8,333,328 Units for additional proceeds...
Sandstorm Gold Ltd. announce the completion of a gold purchase agreement (the “Agreement”) with Donner Metals Ltd. (“Donner”) (TSX-V:DON – News) (via a back-to-back agreement with Sandstorm Metals & Energy Ltd. (“Sandstorm Metals & Energy”) to acquire an amount of gold and gold equivalent based on production at the Bracemac-McLeod development property located in Matagami, Quebec (the “Bracemac-McLeod...
Mammoth Energy Group Inc., a lithium and alternative energy mining company announced today that it is creating a non executive advisory board for strategic consulting to the company. The board will be comprised of an international mix of advisors focused on the strategic development of the company and potential joint partners. Mammoth Energy Group’s wholly owned subsidiary Compania Lithium Investments Limitada of Chile has acquired more than...
Strike Minerals Inc. wishes to announce that further to its press release dated June 20, 2011, the terms of the private placement have been revised to amend the Offering. Subject to regulatory approval, Strike proposes to complete, a non-brokered private placement of up to $1,000,000 consisting of up to $700,000 in Flow-Through Units (“FT Units”) and up to $300,000 in Non Flow-Through Units (“Normal Units”). The non-brokered...
Exit Only, Inc. announced that it has acquired Bayport Corporation, a Nevada corporation. With this acquisition, Bayport Corporation has obtained the controlling interest in the company. James L. Porter will serve as the President while Louis Porter will serve as the CEO of the surviving company. The new name of the company will be filed with FINRA to be changed to Bayport Corporation along with requesting a new stock symbol. Bayport has hired legal...
Pritchard Capital Partners, LLC , an independent securities firm focused on the energy sector, today announced that it had completed the sale of a minority ownership interest to selected institutional investors. The investment will assist in the growth of Pritchard Capital as it continues to expand its significant presence as a trusted advisor in the energy sector. Terms of the transaction were not disclosed. Tommy Pritchard, CEO and Managing Director...
World Wide Minerals Ltd. today commented on current developments in its long-running arbitration with Kazakhstan involving its investments in that country in 1996 – 1997. The issues in the arbitration relate to default by Kazakhstan in repaying loans made to Kazakhstan in 1996-1997 as well as losses suffered by World Wide in Kazakhstan and the net value of uranium deposits and related assets that World Wide had the right to acquire. The arbitration...
The upcoming earnings season may not be the time for investors to buy aggressively, because this year’s winners already reflect earnings optimism. The first-quarter reporting period, which begins Monday with results from aluminum company Alcoa Inc, follows three months of solid gains that have brought stocks close to two-and-half-year highs. Some gains have been in anticipation of a strong earnings season, particularly for the energy and other...
Commercial Metals Company headquartered in Irving, Texas, announced today that it and several of its subsidiaries have entered into a facility with Wells Fargo Bank, N.A to provide for a two year sale of accounts receivables. This new facility, which replaces the accounts receivable securitization program that expired in January 2011, is a two-year program which currently provides committed funding to $100 million and includes the flexibility to...
Pacific Energy Development and Blast Energy Services Sign Merger Agreement
Pacific Energy Development Corp. (“PEDCO”), a privately-held oil and gas company engaged...
Silvore Fox Updates Progress on Winston Lake and Coxheath
Silvore Fox is pleased to announce that they have received the results of the Geotech Ltd VTEM...
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