Fortune Minerals engages BNP Paribas to arrange NICO Project debt facility

Fortune Minerals Limited announce that it has retained BNP Paribas to provide advice and financial services in connection with the arrangement of a US$ 200-250 million debt facility to finance the construction, start-up and operation of the Company’s NICO Gold-Cobalt-Bismuth-Copper development in the Northwest Territories. Based in Paris, France, BNP Paribas is a world class financial institution... 

Tag: nova scotia nickel mine, xs platinum ltd, what are the grades of base metal, manitoba nickel mining, xs platinum inc australia

Gold Hawk Signs a Share Purchase Agreement With Nyrstar for the Sale of an 85 Per Cent Interest in the Coricancha Mine

Gold Hawk Resources Inc. announced today that the Company has entered into a Share Purchase Agreement (the “Agreement”) with Nyrstar (“Nyrstar”) (NYSE Euronext Brussels: NYR), whereby Nyrstar will acquire an 85 per cent interest in Compania Minera San Juan (Peru) S.A. (CMSJ), Gold Hawk’s Peruvian operating subsidiary, for US$15 million. Nyrstar is a leading, well-financed,... 

Tag: coricancha mine nyrstar, nyrstar mining job, lithium mining public companies, publicly traded lithium mining companies, richard clark in san juan

Nuinsco Announces Restructuring of Bridge Loan

Nuinsco Resources Limited announced that it has entered into an oral agreement with its bridge loan lenders to extend the maturity date on the Company’s US$5 million bridge loan which was due and payable on December 15, 2008. As part of the agreement to extend the maturity date to June 15, 2009, the Company will increase the existing security, which is restricted to the Company’s shares... 

MMX Announces the Restructuring of Acquisition Debt and the Entering Into Long-Term Financing

MMX Mineração e Metálicos S.A. announces that the Company has entered into (i) restructuring agreements aiming at reducing the purchase price of the AVG acquisition and extending the payment dates of the Bom Sucesso acquisition and (ii) a long-term credit facility with Banco ItauBBA at the principal amount of US$120 million. With respect to the AVG acquisition, MMX will prepay and retire at a discount... 

Constellation Copper files an assignment in bankruptcy under the Bankruptcy and Insolvency Act

Constellation Copper Corporation announced that it has filed an assignment in bankruptcy under the Bankruptcy and Insolvency Act (Canada). The Lisbon Valley mine was originally financed with a $30.0 million collateralized loan package from Investec Bank (UK) Limited and a $3.0 million subordinated loan from Sempra Metals & Concentrates Corp.. The Investec financing facility was amended in February... 

Tag: mining companies in canada bankruptcy, constellation copper debentures, terrazas constellation copper chihuahua, constellation copper canada, bankruptcy lisbon valley

Precision Drilling Trust Provides Update on Acquisition Credit Facilities

Precision Drilling Trust announced the expected principal terms of the credit facilities with its banking syndicate, consisting of Royal Bank of Canada, RBC Capital Markets, Deutsche Bank AG Cayman Islands Branch, Deutsche Bank Securities Inc., HSBC Bank Canada, HSBC Bank USA, National Association and The Toronto-Dominion Bank. In conjunction with the proposed acquisition of Grey Wolf, Inc., and as... 

Eagle Rock Exploration Enters into Formal Agreements to Acquire Private Oil & Gas Companies

Eagle Rock Exploration Ltd. announces that it has entered into formal binding agreements for the arm’s length acquisition of the outstanding shares of three private oil & natural gas companies for an aggregate cash consideration of $4.5 million. The purchase price is comprised of approximately $4.1 million for petroleum and natural gas interests and $0.4 million for working capital. No debt... 

BPZ Energy Announces Senior Debt Funding of $15 Million from IFC

BPZ Resources, Inc. announced it has received funding of the $15 million tranche of senior debt with the International Finance Corporation (IFC). The IFC $15 million facility is the first tranche of two credit facilities totaling $215 million. As previously announced, Natixis, a French bank, has received credit committee approval to lead the second tranche of the senior debt consisting of a $200 million... 

BPZ Energy Announces Senior Debt Funding of $15 Million from IFC

BPZ Resources, Inc. announced it has received funding of the $15 million tranche of senior debt with the International Finance Corporation (IFC). The IFC $15 million facility is the first tranche of two credit facilities totaling $215 million. As previously announced, Natixis, a French bank, has received credit committee approval to lead the second tranche of the senior debt consisting of a $200 million... 

Tag: corvina oil field

Anooraq Provides Market Update on Financing Strategy for Lebowa Acquisition

Anooraq Resources Corporation announced that the Company and its controlling shareholder, the Pelawan Trust, are in advanced negotiations for the conclusion of a financing for the Company, in light of the current downturn in international equity markets. The successful conclusion of these negotiations will result in Pelawan completing the unconditional exercise of all of the Pelawan warrants, referred...