Kalimantan Gold Corporation Limited plans to raise up to $1,000,000 from a non-brokered private placement financing from the sale of up to 10,000,000 common shares at a price of $0.10 per share. The private placement is subject to compliance with applicable securities laws and to receipt of regulatory approval.
Rahman Connelly, Deputy Chairman and CEO of [...]

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 [...]

CityView Corporation Limited advises that following the recent turmoil in international financial markets, it has reviewed its strategy in Africa.
It had been the intention that Pensador Resources Inc. would fund the very large financing obligations required for the development of the offshore oil permits, together with the lesser financing requirements for the minerals and diamond [...]

BNK Petroleum Inc. announce that it has closed its previously announced US $30 million credit facilities (Capital One Facilities) with the Energy Banking division of Capital One, N.A. through its wholly owned subsidiary BNK Petroleum (US) Inc.
The Facility A is a senior revolving credit facility secured by a US $23 million certificate of deposit which [...]

CREDO Petroleum Corporation reported that its financial condition is sound and that the company is well positioned to capitalize on opportunities that may arise due to recent events in the U.S. and world financial markets.
In July CREDO completed a $16,675,000 stock sale. Working capital is approximately $27,400,000, consisting primarily of cash and short term investments, [...]

Gold Reserve Inc. announced it has agreed to sell one SAG mill, two ball mills (35,000 tonne per day through-put) and related motors currently being manufactured for the Company’s Brisas Project. The total value of this transaction is approximately $43 million. The Company will recover approximately $18 million of progress payments and the purchaser will [...]

Dumas Contracting Ltd, one of Canada’s largest underground mining contractors, and Pala Investments Holdings Limited, an international investment company focused on the mining sector, announced today that they have reached an agreement whereby Pala will acquire a controlling interest in Dumas. Daniel Dumas will remain a significant shareholder, and President and CEO of the company.
Commenting [...]

White Mountain Titanium Corporation reports that it has completed a private placement financing and raised $2.13 million. The Company issued 2.84 million common shares at a price of $0.75 per share. Third party advisory fees related to the financing total $131,946.
The Company will use the funds for general treasury purposes, as well as advancing the [...]

Arian Silver Corporation announces that it proposes to raise up to Cdn$2,000,000 by way of a non-brokered private placement of up to 20,000,000 common shares of the Company at Cdn$0.10 per common share. The placement is conditional upon receipt of TSX Venture Exchange approval.
The Company has received indications from potential subscribers that, if fulfilled, will [...]

Xtierra Inc. announce that planned step-out drilling has commenced at its Bilbao zinc-silver-copper-lead project in Zacatecas, Mexico. The drilling will comprise of approximately 4,000 metres to evaluate the continuity of the mineralization to the northwest of the existing deposit where recently completed hole X-42 identified significant mineralization. Drilling will also concentrate to the southwest where [...]