Swift Resources Announces Financing With MineralFields Group

Swift Resources Inc. announce that it has negotiated a private placement with MineralFields Group to raise gross proceeds of up to $500,000. Under the terms of the Financing, the Company will issue 1,785,714 flow-through units (the “FT Units”) at a price of $0.28 per FT Unit. Each FT Unit will consist of one flow-through common share (the “FT Shares”) and one-half of a transferable... 

Tag: mineralsfields financing b c mining companies, mike elson

State shuts down mine, citing danger from Talon explosives

State inspectors have closed a preparation plant and part of a strip mine after finding explosives residue associated with the disposal of old munitions from defense contractor Talon Manufacturing. Magnum Coal’s Samples Mine cannot reopen those parts of its operation until company officials submit and receive approval of a cleanup plan. The mine’s preparation plan and an active pit had... 

Tag: mine talons, safety measures in mines using bombs, nelson brothers coal mines, explo systems inc minden la, dangerous dave xplosives