Gentor Resources Inc. closes acquisition of APM Mining Limited

GENTOR RESOURCES, INC. announce the acquisition of APM Mining Limited pursuant to the closing under the Share Exchange Agreement dated February 23, 2010 between the Company, APM Mining and Arabian Peninsula Projects Ltd. As a result of the acquisition, the Company, through its wholly owned subsidiary, APM Mining, holds the earn-in rights to the Block 5 and Block 6 copper exploration projects located... 

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Northland Appoints Banks for Project Financing

Northland Resources S.A. announce that the Company has appointed and retained leading global mining finance and investment banks – Societe Generale, UniCredit Bank AG and WestLB AG as exclusive Mandated Lead Arrangers in the proposed project financing of the Kaunisvaara Iron Concentrate Project. The Facility will be subject to each Mandated Lead Arranger securing its internal credit approvals,... 

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Riverstone Completes Acquisition of Seajacks International

Riverstone Holdings LLC’s most recent renewable energy fund has successfully completed its previously announced acquisition of Seajacks International, for a total cash consideration of US$207 million. Seajacks is now wholly-owned by Riverstone and the management team. Seajacks currently owns and operates two self-propelled jack up vessels out of Great Yarmouth in the United Kingdom: the Seajacks... 

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Valencia Sells Interest in Cachinal Silver Project – Chile

Valencia Ventures Inc. announced that it has entered into an agreement to sell up to a 100% interest in its Cachinal Silver Project, Chile to Apogee Minerals Ltd. Under terms of the Agreement, Apogee will purchase 75% of Valencia’s interest in the Property by paying $200,000 in cash and issuing 3 million units of Apogee where each unit will comprise one Apogee share and one Apogee warrant with... 

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Endeavour Silver Files Amended MD&A

Endeavour Silver Corp. a small-cap silver mining company focused on the growth of its silver production, reserves and resources in Mexico announces that it has filed amended management’s discussion and analysis for the year ended December 31, 2008 (“Amended 2008 MD&A”) and for the six months ended June 30, 2009 (“Amended 2009 Q2 MD&A”) as a result of the review... 

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First Majestic to Acquire Normabec Mining Resources

First Majestic Silver Corp. and Normabec Mining Resources Ltd. have entered into a definitive agreement whereby First Majestic will acquire Normabec. The transaction will be an all-share transaction by way of plan of arrangement. The Agreement, among other things provides that First Majestic will acquire Normabec in exchange for the issuance directly to Normabec’s shareholders of 0.060425 First... 

Gabriel Reports Significant Progress in Public Recognition of its Rosia Montana Project at the Denver Gold Show

Speaking today at the 2009 Denver Gold Show, Mr. Keith R. Hulley, Gabriel’s Chief Executive Officer, reported that the Company has been very encouraged by the tangible improvement in the profile and public recognition of its 80%-owned Rosia Montana Project as a potential significant contributor to the national economy of Romania. With the conviction that developing the Rosia Montana Project is... 

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Dana Resources Evaluating Joint Venture Opportunities on Base Metals Assets

Dana Resources, a US-based precious metals exploration and development company, is pleased to announce it is meeting with joint venture candidates about Dana Resources’ base metals projects. Dana Resources currently owns and operates seven mining projects located in Peru’s most prolific mining regions. Dana Resources owns two advanced staged base metal projects, Las Horquetas and Turmalina.... 

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Ryland Oil Announces Completion of Third Bakken Well Drilled by Joint Venture Partner Triaxon Resources

Ryland Oil Corporation announce that its joint venture partner, TriAxon Resources Ltd., has drilled, completed and tested its third farm-in well on Ryland Bakken lands in the Flat Lake area of southeast Saskatchewan. The most recent horizontal well, located at 1-22-1-14W2, was multi-stage fracture stimulated. During clean-up of load fluid after the frac, the well flow tested light oil rates in excess... 

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Sierra Minerals Sets New Quarterly Production Record

Sierra Minerals Inc. announced today that the Company has produced 5,447 ounces of gold in the second quarter of 2009 (ended June 30, 2009) at its 100% owned Cerro Colorado mine in Sonora, Mexico. This represents an 18% increase over the fiscal quarter ended March 31, 2009 and on a year-to-date basis, a 6% increase over production in the first half of 2008. Gold production for the first six months... 

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