Allana Resources Announces Closing of $2.0 Million Strategic Investment
Allana Resources Inc. announce that the Company has completed its previously announced Strategic Investment with China Minerals United Management Ltd. (see News Release dated November 4, 2009) by way of private placement financing of Common Shares of the Corporation for gross proceeds of $2,000,000 million through the issuance of 8,000,000 Common Shares at a price of $0.25 per Common Share (the “Offering...
Lions Gate Metals Inc.: New Staking for Poplar Project
Lions Gate Metals Inc. announce that the Company has completed additional staking of 7,785 hectares around the Poplar Project and now has a total of 9,255 hectares surrounding both the Poplar and China Creek deposits. These claims were staked to cover the entire potential porphyry copper body in the region, as a classic copper porphyry ore body usually covers a large area with a fairly uniform distribution...
China Shen Zhou Mining & Resources, Inc. to Ring the Opening Bell at the American Stock Exchange on June 16, 2008
China Shen Zhou Mining & Resources, Inc. (American Stock Exchange: SHZ; “China Shen Zhou”, or “the Company”), a leading company engaged in the exploration, development, mining and processing of fluorite, zinc, lead, copper, and other nonferrous metals in China, today announced that Ms. Jessica Yu, China Shen Zhou’s Chairwoman and CEO, will ring the American Stock...
Offshore Drilling: Just Over The Horizon
In December, when Congress moved the line on offshore drilling closer to Florida’s shores, it was touted as a major victory for Florida’s tourism-based economy because the measure preserved a significant no-drilling zone along Florida’s coastline. But the area opened to oil and gas drilling was just a fraction of the publicly-owned waters the industry hoped to gain access to in the...
Eldorado Gold Corp. Press Release
Eldorado Gold Corporation responded to press reports in Asia of a possible business combination between Eldorado and Centerra Gold Inc. From time-to-time Eldorado engages in discussions with industry participants involving possible transactions that may enhance shareholder value. Eldorado’s long-standing policy is not to comment on such discussions until such time as a transaction has sufficiently...
U.S. Energy Corp. / Crested Corp. and Kobex Resources Ltd. Enter Into Letter Agreement Involving Lucky Jack Molybdenum Property
U.S. Energy Corp. and Crested Corp. , d/b/a USECC, today announced the signing of a Letter Agreement with Kobex Resources Ltd. (TSX Venture Exchange: KBX.V – News) whereby Kobex can acquire a 50% interest in the Companies’ Lucky Jack (formerly known as Mt. Emmons) molybdenum deposit in west-central Colorado (the “Project”). On October 6, 2006, U.S. Energy Corp. (“USEG”),...
Magnus International Resources Acquiring African Mineral Fields to Explore Mineral Opportunities in Africa
Magnus International Resources, Inc. announced today that it has entered into a letter of intent to acquire African Mineral Fields, a company which holds an exclusive option to acquire 100% interests in four gold projects in Uganda. The acquisition comes as part of Magnus’ decision to expand its mineral portfolio into Africa, which holds 55% of the known global gold resource and is experiencing...
Minco Mining Cancels the Proposed Distribution of Minco Silver Shares
Minco Mining & Metals Corporation has decided not to proceed with the proposed distribution of up to 6.5 million Minco Silver Corporation (“Minco Silver”) common shares held by the Company (the “Proposed Distribution”). The Proposed Distribution has proven to be a complex and costly process, particularly to the Company’s US shareholder base, and would have subjected...
Australian Gold Mining Stocks Rise, Led by Lihir; Ansell Slumps
Australian gold stocks such as Newcrest Mining Ltd. and Lihir Gold Ltd. rose along with the price of the precious metal after North Korea fired missiles over the Sea of Japan. Ansell Ltd., the world’s biggest maker of surgical gloves, slumped after the company told analysts to cut their earnings forecasts for the second day in a row. The S&P/ASX 200 Index added 3.2, or 0.1 percent, to 5107.9...
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Philex Gold Receives Interim Order for Transaction With Philex Mining Corporation
Philex Gold Inc. announced that it has obtained an interim order from the Ontario Superior...
American Mining Corporation Signs LOI to Form Production Joint Venture on Terra Gold Project, Alaska
American Mining Corporation announce that it has signed a binding letter of intent to enter...
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