OREX EXPLORATION INC. announce the closing of a private placement of $547,000, consisting of 7,300,000 units. On this amount, MineralFields Group, through First Canadian Securities® (a division of Limited Market Dealer Inc.), has subscribed for 5,600,000 units representing $420,000.
Each unit at a price of $0.075 per unit consists of one flow-through share and one warrant [...]

Precious Metal Capital Corp. announces that it has filed motion material in its action in the Ontario Superior Court of Justice Commercial List (Court File No. 07-CL-7224) against International Consolidated Minerals Inc. et al., to add as defendants “redemption rights” holders and secured creditors of ICMI, including Platinum Partners Value Arbitrage Fund L.P., and for [...]

Alexco Resource Corp. reports it has been advised that NovaGold Resources Inc. has reduced its shareholding in Alexco from approximately 16% to less than 2%. This reduction was accomplished by way of private sale transactions, with the shares acquired by multiple unrelated purchasers.
As a consequence of this reduction in its shareholding, NovaGold is [...]

Conquest Resources Limited reports that it has received conditional approval from the TSX Venture Exchange of its previously announced non-brokered private placement of 10,000,000 Units at a subscription price of $0.05 per unit for total proceeds of $500,000. Each Unit will be comprised of one flow-through common share and one common share purchase warrant. Each [...]

Rocmec Mining Inc. announces that it has closed a non-brokered private placement with accredited investors of 3,300,000 units, at a price of $0.10 per unit, for gross proceeds of $330,000. Each unit is comprised of one flow-through common share and one-half of one common share purchase warrant. Each whole common share purchase warrant entitles the [...]

Gulf Resources, Inc., a leading manufacturer of bromine, crude salt and specialty chemical products in the People’s Republic of China, today announced that one of its wholly-owned subsidiaries Shouguang City Haoyuan Chemical Company Limited has signed an agreement with three individual residents of the People’s Republic of China, Fenqiu Yuan, Han Wang and Yufen [...]

NovaGold Resources Inc. announced that the Company has increased its financing by the full $15 million bringing the total to US$75 million. NovaGold has entered into binding agreements with the additional institutional investors referred to in the Company’s previous news release providing for the sale to such investors, on a private placement basis, of [...]

Luna Gold Corp. announce that Eldorado Gold Corporation and Brascan Recursos Naturais SA, a wholly owned subsidiary of Brascan Brasil, have agreed to defer for up to one year the payments due on the second anniversary of the closing of its agreement to acquire 100% of the issued shares of Aurizona Goldfields Corporation.
The terms [...]

Medallion Resources Ltd. announces the closure of two non-brokered Flow-Through private placements of the Company’s shares. The gross proceeds raised totals $397,632.00, which will be used to fund exploration at the Romaine Iron-Titanium Project.
The first placement involved the issue of 1,266,999 flow-through common shares at $0.15 per share to raise gross proceeds of $190,049. Two [...]

American Bonanza Gold Corp. announces that it has completed the sale of the Taurus Property to Hawthorne Gold Corp. and on December 31, 2008, received 6.75 million common shares of Hawthorne, representing 12.7% of the outstanding shares of Hawthorne. Bonanza now owns 6,828,947 common shares of Hawthorne representing 12.9% of the issued and outstanding [...]