Royal Roads revises loan amount due by Acadian Mining subsidiary, ScoZinc Limited

Royal Roads Corp. announced that during the course of its year end audit activities, it determined that the inter-company advances between the Corporation and Acadian Mining Corporation and Acadian’s wholly-owned subsidiary, ScoZinc Limited , at November 28, 2008 was $362,052 more than previously reported (see News Release dated December 1, 2008). The documentation evidencing the loan has been... 

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Golden River Resources Takes Placement in Canadian Company Acadian Mining Corp

Golden River Resources Corporation announced that it has reached agreement with Acadian Mining Corporation to subscribe in a private placement transaction for up to 338,111,334 common shares in Acadian for aggregate gross investment of up to C$10 million. The Offering is contemplated to close in two or more tranches. Following closing of all tranches, Golden River will hold 68.45% of Acadian. The... 

Acadian Mining: ScoZinc has obtained order authorizing borrowing of up to $1.0 million

Acadian Mining Corporation announces that it has obtained an order from the Supreme Court of Nova Scotia granting ScoZinc Limited authority to borrow up to $1 million from TCE Capital Corporation. The DIP Order creates a priority charge and security interest in all of the property of ScoZinc as security for repayment of amounts advanced pursuant to the DIP Facility. On December 22, 2008, the Court... 

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Acadian Mining reports granting of security to Royal Roads Corp.

Acadian Mining Corporation announced that it granted security to Royal Roads Corp. to secure advances from Royal Roads to Acadian and its subsidiaries. The inter-company advances between Royal Roads and Acadian and its subsidiaries have fluctuated during the year and stood at $2,292,460 due to Royal Roads as at November 28, 2008. On November 28, 2008, the parties entered into formal documentation with... 

Royal Roads receives security from Acadian Mining Corporation

Royal Roads Corp. announced that it has filed on SEDAR its financial statements and management discussion analysis for the nine months ended September 30, 2008. The financial statements reflect that the inter-company advances between Royal Roads and Acadian Mining Corporation (“Acadian”) (ADA-TSX) and a wholly-owned subsidiary of Acadian have fluctuated during the year and stood at an amount...