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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J-Pacific Receives British Columbia Mining Exploration Tax Credit Refund

J-Pacific Gold Inc. announced today it has received Mining Exploration Tax Credit refunds totalling $634,323 from the Government of British Columbia, for exploration work conducted from 2006 to 2008 at the Company’s Blackdome Gold Mine and Elizabeth Gold Property. Over the past two months, J-Pacific has added $1,812,104 to its working capital from the B.C. and Quebec mineral exploration tax credit... 

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Paramount Gold and Silver Corp. Closes $9,000,000 Equity Financing

Paramount Gold and Silver Corp., has closed the previously announced non-brokered private placement of C$9,000,000 through the sale of 12,000,000 restricted units at C$0.75 per unit. Each unit is comprised of one common share and one share purchase warrant exercisable at a price of C$1.05 per share for a period of four years. The share purchase warrants cannot be exercised until after six months and... 

Golden Gate Capital Announces Acquisition of U.S. Silica

Golden Gate Capital (GGC), a San Francisco-based private equity firm, announced the closing of its acquisition of U.S. Silica Company (USS), the second largest U.S. miner and processor of industrial sand. U.S. Silica, tracing its origins back to 1900, operates 13 industrial sand and other mineral mines and processing plants in the Midwest and Eastern US. “This is a winning transaction for U.S. Silica’s... 

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General Mining Properties Ltd. announces closing of private placement of units

General Mining Properties Ltd. announce that it has closed its previously announced non-brokered private placement. The Corporation issued securities comprising 500,000 equity units at a price of $0.25 per Unit. Each Unit is comprised of one common share of the Corporation and one common share purchase warrant, each Warrant entitling the holder thereof to acquire one additional common share in the... 

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Diadem Engages International Fund for $6 Million Financing

Diadem Resources Ltd. announce that it has entered into an agreement to retain Wakabayashi Fund LLC of Tokyo, Japan to assist Diadem in structuring and arranging one or more financings over a six month period. This will provide the Company with funding for general corporate purposes and to carry out a drilling program at its Franklin Diamond Project located on the Parry Peninsula in the Canadian Arctic.... 

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Haber Inc. Agrees to a Joint Venture on Arizona Precious Metals Property

Haber, Inc.,, a Delaware corporation headquartered in Arlington, Mass., with proprietary technologies for the environmentally friendly processing of gold-bearing ores, announced today that it has agreed to enter into a joint venture with a private party (hereinafter referred to as “Owner”) to acquire certain patented claims in southern Arizona which will then be conveyed to a new joint venture... 

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U.S. Energy Corp. Completes Sale of Interest in Sutter Gold Mining Inc. to RMB Resources Ltd.

U.S. Energy Corp. (Nasdaq:USE) (“USE” or the “Company”) today announced that it has completed the sale of an aggregate of 39,062,720 common shares of Sutter Gold Mining Inc. representing approximately 49.9% of the outstanding common shares of SGMI to RMB Resources Ltd. (“RMB”), as trustee for the Telluride Investment Trust, for an aggregate purchase price of approximately... 

Severstal Resources Reaches Agreement to Acquire PBS Coals

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 billion. PBS is engaged in the mining, processing and... 

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Fortress Financial Group, Inc. – Potential Sale of Hunt Gold Corporation Stock

Fortress Financial Group, Inc. confirms that it is in advanced discussions to dispose of its 483,000,000 “free trading” shares of Hunt Gold Corporation Common Stock, with the Private Equity Group currently bidding for control of Hunt Gold Corporation with another unrelated party. Should the Company obtain a price of US$0.03 per share for these shares, that being the current bid price for... 

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