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Random News from Mining Top News

Orex Closes Flow-Through Private Placement for its Phase 2 Exploration Program at Goldboro

Orex Closes Flow-Through Private Placement for its Phase 2 Exploration Program at Goldboro

…  of one flow-through share and one warrant giving the right to buy one non-flow-through share at a price of $0.10 per share for a period of …  12 months. Each flow-through share will entitle the holder to both the 100% CEE deduction and 15% Federal Tax credit for grassroots …

January 9th, 2009

PMCC Moves to Set Aside Security Granted by ICMI

PMCC Moves to Set Aside Security Granted by ICMI

…  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 a …

January 9th, 2009

Index Oil and Gas Announces Production Begins From Cochran No. 1 Discovery in South Texas

Index Oil and Gas Announces Production Begins From Cochran No. 1 Discovery in South Texas

…  Oil and Gas Inc. announced that the Cochran #1 exploratory well in the Garwood prospect located in Colorado County, Texas has …  in this program. Drilling of the well began in late October 2008 and is part of an ongoing exploration program in South Texas. “We …

January 8th, 2009

Phoenix Coal Inc. secures permits for Radio Hill section of Briar Hill surface mine

Phoenix Coal Inc. secures permits for Radio Hill section of Briar Hill surface mine

…  Coal Inc., a leading producer and consolidator of thermal coal reserves in the Illinois Basin, announced the Company has received a …

January 8th, 2009

High Desert Gold Corporation Announces Results of Its Substantial Issuer Bid

High Desert Gold Corporation Announces Results of Its Substantial Issuer Bid

…  announced the results of its substantial issuer bid to purchase for cancellation a maximum of 36,000,000 common shares of the …  Cdn.$0.27 per HDG Share. The Offer expired at 9:00 p.m. (Toronto time) on January 7, 2009. There were 33,862,870 HDG Shares validly …

January 8th, 2009

NovaGold Completes Disposition of Alexco Shareholding

NovaGold Completes Disposition of Alexco Shareholding

…  reduced its shareholding in Alexco from approximately 16% to less than 2%. This reduction was accomplished by way of private sale …  NovaGold’s CEO, remains on Alexco’s board of directors. Alexco’s business is to unlock value and manage risk at mature, closed …

January 8th, 2009

Weststar Receives NI 43-101 Technical Report on Saskatchewan Tobin Lake 18 Meter Coal Property

Weststar Receives NI 43-101 Technical Report on Saskatchewan Tobin Lake 18 Meter Coal Property

…  received a NI 43-101 Technical Report on the Saskatchewan Tobin Lake 18 Meter Coal property. The report, dated January 6, 2009, is authored by Marvin A. …

January 8th, 2009

Cloudbreak Receives Additional Coal Permits

Cloudbreak Receives Additional Coal Permits

…  that Saskatchewan Energy and Resources has delivered to The Company additional coal permits encompassing 8 full or partial townships. To date, Cloudbreak …  or partial townships, or approximately 410,000 acres of coal permits in Saskatchewan and approximately 350,000 acres for the rights to …

January 8th, 2009

Intrepid Reports on Regulatory Developments Regarding its HB Solar Solution Mine

Intrepid Reports on Regulatory Developments Regarding its HB Solar Solution Mine

…  that an Environmental Impact Statement will be required to evaluate the environmental impacts of Intrepid’s proposed HB Solar …  ponds rather than having to burn natural gas or coal. Potash solution mining is a widely used and accepted technology. The oil …

January 8th, 2009

Conquest Raised $500,000 in Private Placement Financing

Conquest Raised $500,000 in Private Placement Financing

…  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 …  purchase warrant. Each Warrant will entitle the holder to purchase one common share of Conquest at an exercise price of $0.10 per …

January 8th, 2009