Acadian Mining Corporation (TSX: ADA; “Acadian” or the “Corporation”) announced today that it has acquired 50% of the outstanding shares (”Shares”) of 6179053 Canada Inc. (”6179053″) as well as a shareholder’s loan in the amount of $68,745 for an aggregate purchase price of $1,068,745. 6179053’s only asset is the Fifteen Mile Stream gold property comprising [...]
Mengold Resources Inc. has closed a private placement through the sale of 2,000,000 units at a price of $0.25 per Unit, for gross proceeds of $500,000.
Each Unit consists of one flow-through common share and one transferable share warrant (each share purchase warrant a “Warrant” and collectively, the “Warrants”). Each Warrant entitles its holder thereof to [...]
Emerging nickel producer Nickelore Limited (ASX: NIO.AX) is pleased to announce completion of the Share Purchase Plan, which raised a total of $0.25 million via the issue of 3,621,467 fully paid ordinary shares. In addition, the Company has raised a further $0.27 million from the sale of listed investments at a profit.
The Company previously announced [...]
Universal Uranium Ltd. is pleased to announce that it has entered into an agreement with Crosshair Exploration and Mining Corp. under which Crosshair will acquire all of Universal’s interest in the Central Mineral Belt (CMB) of Labrador, which totals approximately 4,737 claims. Universal and its 40% partner Silver Spruce Resources issued news releases [...]
Houston Lake Mining Inc. is pleased to report it has completed the first $168,600 tranche of a $1.25 million offering that will be used to continue exploration activities at its West Cedartree Gold Project in Ontario.
The funds were raised through the sale of 281,000 flow-through units priced at $0.60 per unit in a non-brokered private [...]
Jade Technologies has raised S$9.6 million to fund a coal mining project in Indonesia.
The company placed out about 134 million new ordinary shares at 7.2 Singapore cents each to three investors – a UK Fund, CC Asia Advantage Master Fund; and two private investors, Jeffrey Hing Yih Peir and Ong Boon Kheng.
For Mr Hing and [...]
Uranium Resources, Inc., a uranium exploration, development, mining and production company, announced today the closing of a negotiated private placement transaction with institutional investors for shares of its common stock. The sale raised $14,304,300. The net proceeds of the offering are for the acquisition, permitting, exploration and development of additional properties in Texas and for [...]
A study by experts has negated fears of health hazards from mining of uranium in Meghalaya, even as the Uranium Corporation of India Limited (UCIL) sought to convince the local people that the proposed mining project would pave the way for a massive development of the state.
Having faced stiff opposition from [...]
The Company is pleased to announce that all of the warrants with an expiry date of April 11, 2008 have been fully exercised. These warrants were from the private placement announced on March 1, 2006. The total number of warrant shares exercised was 970,200 shares at an exercise price of $4.50 per share for total [...]
