Virginia Mines Inc.: $2.4 M Flow-Through Private Placement Financing

Virginia Mines Inc. announces that it has negotiated a private placement that consists of 279,124 flow-through common shares at a price of $8.67 per share, which represents 69% premium to the last 10 days volume weighted average price for gross proceeds of CA$2,420,000. Casimir Capital L.P. (“Casimir”) acts as the agent for the financing. At the closing, Virginia agrees to pay Casimir a... 

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Virginia Finalizes the Sale of Two Properties

Virginia Mines Inc. is among the most active mining exploration companies in Quebec announces that it has sold the Lac Dufault property to Breakwater Resources Ltd., and has finalized the sale to Rukwa Uranium Inc. of the Uranium Nord property, initiated in May 2007. Lac Dufault Property Following the signing of an agreement where Breakwater acquired a 100% interest in three (3) claims located in the... 

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Cliffs Natural Resources Inc. Takes Actions to Reduce Metallurgical Coal Production

Cliffs Natural Resources Inc., citing a continuing softness in the demand for metallurgical coal used by the steel industry, announced that it is taking a number of steps at its mines in West Virginia and Alabama to align its 2009 production with customer demand. In West Virginia, its wholly owned subsidiary Pinnacle Mining Company LLC , has indefinitely idled its Green Ridge No. 1 mine. In addition,... 

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Virginia: Acquisition of a 100% Interest in the Coulon JV Property

Virginia Mines Inc. announces the execution of an agreement with Breakwater Resources Ltd pursuant to which Virginia will acquire Breakwater’s 50% undivided interest in the Coulon JV property in consideration for the issuance of 1,666,666 shares of Virginia to Breakwater. Under the terms of this agreement, Breakwater does not retain any interest or royalty in the property. Virginia thus becomes... 

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Breakwater Sells Interest in Coulon JV Property to Virginia

Breakwater Resources Ltd. has entered into an agreement to sell its interest in the Coulon JV Property to Virginia Mines Inc. The Coulon JV Property, which the Company owns 50% of through a joint venture agreement with Virginia, is located in the James Bay region of Quebec. Virginia will purchase the interest by issuing 1,666,666 common shares of Virginia. Virginia has undertaken to secure, at closing,... 

North American Gem Inc. receives additional coal prospecting permits north of Hudson Bay, Saskatchewan

North American Gem Inc. announce that the Company has received an additional 98 Coal Prospecting Permits from Saskatchewan Energy and Resources, near the most recent coal discovery by Goldsource Mines Inc. . This now brings the total to 433 Coal Prospecting Permits covering an area of 906,748 acres (366,948 hectares) that have been approved by Saskatchewan Energy and Resources. North American Gem would... 

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North American Gem Inc. receives additional Coal Prospecting Permits north of Hudson Bay, Saskatchewan

North American Gem Inc. announce that the Company has received an additional 85 Coal Prospecting Permits from Saskatchewan Energy and Resources, near the most recent coal discovery by Goldsource Mines Inc.. This now brings the total to 335 Coal Prospecting Permits covering an area of 720,767 acres (291,684 hectares) that have been approved by Saskatchewan Energy and Resources. North American Gem would... 

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Cliffs Natural Resources Inc. to Idle Three Iron Ore Pellet Furnaces

Cliffs Natural Resources Inc, a global mining and natural resources company, today reported that it has initiated production curtailments at two of its six North American Iron Ore mines. Cliffs indicated that the curtailments were necessary to bring production levels in line with demand. Cliffs will temporarily idle two small pellet furnaces at Northshore Mining and one small pellet furnace at United... 

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North American Gem Inc. receives additional coal prospecting permits north of Hudson Bay, Saskatchewan

North American Gem Inc. announce that the Company has received an additional 154 Coal Prospecting Permits from Saskatchewan Energy and Resources, near the most recent coal discovery by Goldsource Mines Inc.. This now brings the total to 223 Coal Prospecting Permits covering an area of 422,135 acres (200,832 hectares) that have been approved by Saskatchewan Energy and Resources. North American Gem would... 

Cleveland-Cliffs Inc Is Now Cliffs Natural Resources Inc.

Cleveland-Cliffs Inc, an international mining company, announced that it has changed its name to Cliffs Natural Resources Inc. Its ticker symbol will remain the same. In addition to the name change, the Company also announced the formal adoption of “Cliffs,” the one-word name by which it is commonly known, and introduced a new visual identity, including a new corporate logo. The new blue and green... 

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