Richmont Mines Inc. announced that they have entered into a definitive agreement for Richmont to acquire all of Patricia Mining’s outstanding shares through a combination of cash and stock. Patricia Mining shareholders will receive $0.15 in cash and 0.055 of one Richmont share for each Patricia Mining share held. The transaction values Patricia Mining at [...]
Noront Resources Ltd. and Rosseau Asset Management Ltd. announce that they have agreed to a jointly determined single slate of directors for election at Noront’s annual and special meeting of shareholders to be held on October 28, 2008 (the “Meeting”). The new Board will have a strong mandate to move the Company forward in the [...]
FNX Mining Company Inc. announced that, due to low commodity prices and low provisional metal accountabilities along with high operating costs at its Levack nickel contact deposits, the Company has suspended “commercial” production from that part of its Levack Complex.
However, mining from the Levack nickel deposits will continue during the fourth quarter to produce about [...]
MinQuest Fund I, L. P. announced its acquisition on October 7, 2008, of 2,005,500 common shares of Globestar Mining Corporation. Combined with the GMI common shares previously owned, MinQuest now owns a total of 11,265,800 common shares, representing approximately 10.71% of the total issued and outstanding common shares of GMI. The common shares were acquired [...]
GILLA INC., has entered into a definitive agreement effective October 3, 2008 to acquire all the shares of Terra Merchant Resources Corporation, a private company incorporated in Ontario, Canada. Terra has secured rights to a gold exploration property in Angola, known under the name of Salutar Commercio Mining Concession, located some 120 km north of [...]
Kinross Gold Corporation announced today that it has taken up and paid for an additional 15,165,279 common shares of Aurelian Resources Inc. following the extension of Kinross’ previously announced offer to acquire all of the issued and outstanding common shares of Aurelian, dated July 28, 2008, since the initial expiry date of September 3, 2008, [...]
San Anton Resource Corporation announced today that it is progressing with its study work on the Cerro de Gallo Project in Mexico which will result in the completion of a more detailed pre-feasibility study rather than a scoping study The study work for the Cerro de Gallo project has been proceeding well over the past [...]
Kinross Gold Corporation announced today it has been successful in its bid to acquire Aurelian Resources Inc. under its previously announced offer. A total of 108,524,181 common shares of Aurelian were validly deposited at the expiry time of the offer. Kinross now owns a total of 123,524,181 common shares of Aurelian. At the time of [...]
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 [...]
Coeur d’Alene Mines Corporation announced the appointment of Humberto Rada as the new President of Coeur’s Bolivian subsidiary, Empresa Minera Manquiri, S.A., and of Coeur South America. Mr. Rada will lead all the Company’s activities in South America, including its existing activities in Bolivia, Chile and Argentina. Coeur recently began operations at its new San [...]
