AuEx Ventures, Inc.: Pequop South Gold Exploration Property Optioned

AuEx Ventures, Inc. a TSX listed precious metals exploration company that has a current portfolio of twenty three exploration projects in Nevada, one project in Spain and two projects in Argentina announce that it has entered into an Exploration Earn-in Agreement (“Agreement”) with Golden Dory Resources, Corp. (“GDR”) of Gander, Newfoundland, Canada concerning the Company’s... 

Tag: south gold explorations, pequop nevada, newfoundland gold exploration, ounces gold dore pour yukon nevada, fronteer pequop

Eagle Hill Enters Into $30 Million Financing Arrangement With IBK Capital Corporation

Eagle Hill Exploration Corp., a Canadian mineral exploration company focused on the exploration and development of gold and precious metal prospects announce it has entered into an arrangement with IBK Capital Corp. (“IBK Capital” or the “Agent”) through which IBK Capital will use its best efforts to secure private placements of up to $30 million by the issuance of common and... 

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Agnico-Eagle increases credit lines to over US$900 million

Agnico-Eagle Mines Limited, a long established Canadian gold producer with operations located in Quebec and Finland and exploration and development activities in Canada, Finland, Mexico and the United States, announced that it has executed a new non-amortizing US$600 million revolving credit facility, maturing June 2012. The new facility replaces a pre-existing US$300 million tranche of the Company’s... 

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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... 

Search and Rescue in Process for Missing Plane Conducting Geophysics Survey for U3O8 Corp.

U3O8 Corp., a Canadian uranium exploration company, regrets to report that an aircraft that was undertaking a geophysical survey for Prometheus Resources Limited, a wholly owned subsidiary of U3O8 Corp., has been reported missing with three people on board in Guyana. The last communication from the aircraft was on the afternoon of Saturday, November 1, 2008. Search and rescue efforts are being lead... 

Marathon Board Approves Deepwater Gulf of Mexico Droshky and Ozona Development Projects

Marathon Oil Corporation announced that its Board of Directors has sanctioned two Gulf of Mexico development projects, Droshky and Ozona. The Board approved a total project cost of $1.3 billion for the Droshky development and $300 million for the Ozona development. “As we continue to strengthen Marathon’s Gulf of Mexico portfolio, the Droshky development will add profitable production and... 

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Vault Minerals expands Goldbanks property in the Kirkland Lake Gold Camp

VAULT MINERALS INC announces that it has entered into option agreements to acquire two strategic claim units, contiguous to its Goldbanks property in the Kirkland Lake gold camp, Ontario. As previously announced, the Goldbanks property is situated in western Teck Township, 800 m west of the high-grade Macassa mine, which is currently operated by Kirkland Lake Gold Inc. The Macassa mine is the western-most... 

Agnico-Eagle doubles credit lines to US$600 million

Agnico-Eagle Mines Limited announced that it has executed a new non-amortizing US$300 million revolving credit facility, maturing September 2010. Including its pre-existing credit facility, the Company now has US$600 million of credit lines. The pre-existing facility is also a non-amortizing US$300 million revolving credit line, maturing January 2013. Both credit facilities are unsecured. The new facility... 

Precision Drilling Trust and Grey Wolf, Inc. Announce Definitive Merger Agreement

Precision Drilling Trust and Grey Wolf, Inc. announced that their Board of Trustees and Board of Directors, respectively, unanimously approved a definitive merger agreement pursuant to which Precision will acquire Grey Wolf. The combination of Precision and Grey Wolf will have land drilling operations in virtually every conventional and unconventional oil and gas basin in the lower 48 United States... 

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Canadian Royalties Obtains Mine Leases for 3 Sites at its Nunavik Nickel Project

Canadian Royalties Inc. announced that it has obtained Mine Leases from the ministère des Ressources naturelles et de la Faune du Québec for its Mesamax, Ivakkak and Mequillon deposits. With this latest delivery of Mine Leases for each of the Mesamax, Ivakkak and Mequillon sites, together with the Mine Lease for the Expo site delivered in June 2008, Canadian Royalties has now obtained the mining...