Barrick Announces Bought Deal Increased to $3.5 Billion

Barrick Gold Corporation announced today that it, in response to strong investor demand, has entered into an agreement to increase the size of its previously announced bought deal equity offering of approximately $3.0 billion (81.2 million common shares) to approximately $3.5 billion (94.8 million common shares) at a price of $36.95 per share. The offering is being led by a syndicate of underwriters,... 

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Pan American silver closes US$103 million public offering of common shares

Pan American Silver Corp. has closed its previously announced public offering of common shares. Pursuant to the Offering, the Company today issued 6,371,000 common shares at a price of US$16.25 per share, for aggregate gross proceeds of US$103,528,750 and total proceeds, net of underwriting fees, of US$98,611,134, including the exercise in full of the underwriters’ over-allotment option. The... 

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Severstal Resources extends offer for shares of PBS Coals Limited

OAO Severstal, one of the world’s leading metals and mining companies, announced that 7027940 Canada Limited, an affiliate of Severstal, has extended the expiration date for its offer to purchase all outstanding shares of PBS Coals Limited (formerly, Penfold Capital Acquisition Corporation), at an offer price of C$8.30 cash per share, to 11:59 p.m. (Toronto time) on October 20, 2008. The Offer... 

Severstal Resources Reaches Agreement to Acquire PBS Coals

Through its mining division Severstal Resources, OAO Severstal announced that it intends to acquire the business of PBS Coals Corporation by way of an acquisition of Penfold Capital Acquisition Corporation following a business combination of PBS and Penfold for an all cash purchase price of C$8.30 per share, implying an enterprise value of US$1.3 billion. PBS is engaged in the mining, processing and... 

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Quest Resource Corporation Announces Pricing of Public Offering

Quest Resource Corporation (NasdaqGM:QRCP) (“Quest”) announced today the pricing of a follow-on public offering of 8,800,000 shares of its common stock at a price of $10.25 per share. Quest has also granted the underwriters a 30-day over-allotment option to purchase up to an additional 1,320,000 shares of its common stock. The offering is expected to close on or about July 8, 2008. Quest... 

Quest Resource Announces Commencement of Public Offering of Common Stock

Quest Resource Corporation announced today that it has commenced, subject to market conditions, an underwritten public offering of approximately 8.4 million shares of its common stock, par value $0.001 per share. Quest also intends to grant the underwriters a 30-day option to purchase up to approximately 1.26 million additional shares to satisfy any over-allotments. Quest intends to use approximately... 

Inmet Mining presentation at RBC Capital Markets’ 2008 Global Mining and Materials Conference

Mr. Jochen Tilk, President and Chief Operating Officer of Inmet Mining Corporation (IMN-TSX), will be speaking on Wednesday, June 11, 2008 at 9:30 a.m. (Eastern Time) at the RBC Capital Markets’ 2008 Global Mining and Materials Conference being held in Toronto, Ontario, at the Four Seasons Hotel. A webcast link and slides of the presentation will be available on Inmet’s website beforehand. About... 

Caledonia Mining Accepts Offer of C$3.81 Million for Eersteling Gold Mine

Caledonia Mining Corporation is pleased to announce it has accepted an offer for the purchase of the entire issued share capital of Eersteling Gold Mining Company Limited (“Eersteling”) in South Africa by a private Canadian company for C$3.81 million. The offer is to be settled in cash on or before July 31, 2008 and a refundable deposit of C$0.4 million is to be placed in trust upon signing... 

Global Uranium Fund Inc. Announces Separation of Units

Global Uranium Fund Inc. is pleased to announce that the equity shares and warrants which currently trade as stapled units on the TSX under the ticker symbol GUR.UN, will separate and trade independently on Friday July 6, 2007 in connection with the closing of the over-allotment. The ticker symbols for the equity shares and warrants will be GUR and GUR.WT respectively. The warrants may be exercised... 

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Allis-Chalmers Energy Closes Acquisition of Assets of Oil & Gas Rental Services, Inc.

Allis-Chalmers Energy Inc. announced the completion of its acquisition of substantially all the assets of Oil & Gas Rental Services, Inc., a Louisiana-based corporation that provides rental tools to both offshore and onshore exploration and production companies. The purchase price consisted of $291.0 million in cash and 3.2 million shares of Allis-Chalmers common stock. In connection with this...