Investor Tools for 2010- Investor Ideas Newswires and Stock Directories for Renewable Energy Stocks, Water Stocks and Mining Stocks
POINT ROBERTS, WA, Delta BC – January 5, 2010 -Investorideas.com, a leading global investor and industry research portal covering multiple industry sectors provides stock coverage for investors with newswires and stock directories in leading sectors.
Sectors covered on Investor Ideas include: renewable energy, natural gas, oil and gas, water, mining, tech, defense & Homeland Security, biotech, digital media, nanotech, RFID and more.
Green Energy investors can research stocks with the Renewable Energy Stocks Directory, one of the most comprehensive directories online. The directory has over 900 stocks and new stocks are added each month for investors following the sector. The directory is now available to investors in PDF format.
Investors also have the option to access the directory as part of the Investor Ideas Membership premium content that currently features an additional 9 stock directories.
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Investorideas.com and its water portal, www.Water-Stocks.com, are positioning to be a leading destination for cleantech investors researching the water space. The water news feed Water Stocks News at Investorideas.com and the global water stocks directory are two of the top tools available in addition to industry commentary and interviews.
Investors researching global water stocks can now purchase the Water Stocks Directory individually in a PDF format. The water stocks directory was previously only available as part of the Investorideas.com premium membership. Investorideas.com has broken down several of the stock directories and made them available to investors that are avid fans of specific sectors.
http://www.investorideas.com/Water-Stocks/Stock_List.asp
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www.InvestorIdeas.com, and its mining stocks portals www.Gold-MiningStocks.com and www.MiningSectorStocks.com have expanded the IR Tools for public companies and investors in the mining sector.
The recently launched mining stocks RSS news feed is fast becoming an investor favorite for traders following mining stocks news and commentary.
The syndicated feed features news and commentary from well known industry experts including Kitco.com and Doug Casey in addition to news releases and research reports on publicly traded mining companies trading on the TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
Mining and metals investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
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Mining companies wanting to reach avid investors in the sector can publish their recent press releases and news directly online at Investorideas.com at the news submission page: http://www.investorideas.com/News-Upload
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Tuesday, January 05, 2010
Wednesday, December 16, 2009
AFRICAN GOLD GROUP, INC. ANNOUNCES CLOSING OF CDN$6.0 MILLION BOUGHT
AFRICAN GOLD GROUP, INC. ANNOUNCES CLOSING OF CDN$6.0 MILLION BOUGHT
DEAL PRIVATE PLACEMENT FINANCING
TORONTO, CANADA, December 16, 2009 – African Gold Group, Inc. (“AGG” or the “Company”) announced today that it has closed the previously announced bought deal private placement offering (the"Offering"). AGG issued an aggregate of 10,000,000 units of the Company (the “Units”) at a price of CDN$0.60 per Unit, for aggregate gross proceeds of CDN$6,000,000. The aggregate number of Units issued included 1,600,000 Units issued pursuant to the full exercise of the Underwriter’s option granted to the Underwriter under the Offering. Each Unit is comprised of one common share and one-half of one
common share purchase warrant of the Company (each whole warrant, a “Warrant”). Each Warrantentitles the holder to purchase one additional common share of the Company at a price of CDN$0.90 per common share for a period of 18 months (the “Expiry Date”) following the closing of the Offering.
Macquarie Capital Markets Canada Ltd. (“Macquarie” or the “Underwriter”) acted as sole Underwriter in respect of the Offering. The Underwriter received a cash commission of 6.0% of the gross proceeds raised in the Offering and 800,000 compensation options (each a “Compensation Option”). Each Compensation Option entitles the Underwriter to purchase one Unit of the Company at a price of CDN$0.60 per Unit until the Expiry Date.
The net proceeds of the Offering are intended to be used to fund the continuing development of the Company’s Kobada, Mali Project, the resumption of exploration at the Company’s 456 sq km
Asankrangwa, Ghana holdings, of which the north west quadrant (the Asuowunu concession) is on strike and contiguous with the recently discovered 3.5 million oz Essase gold deposit controlled by Keegan Resources, and for general working capital and corporate purposes.
The securities described herein have not been registered under the U.S. Securities Act of 1933, as amended, or any State Securities Laws and may not be offered or sold in the United States or to U.S. persons unless an exemption from registration is available. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein in the United States.
All securities issued pursuant to the Offering are subject to a four month hold period commencing on the closing date of the Offering.
African Gold Group, Inc., based in Toronto, Canada, is engaged in the identification, acquisition and exploration of prospective gold projects that are situated along significant gold trends within West Africa.
To date, the Company controls a total of twelve gold concessions that are consolidated in five distinct standalone exploration projects, of which three projects are located in Ghana and the remaining two are located in Mali, West Africa.
Additional Information is available on the Company's website at: www.africangoldgroup.com Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISTRIBUTION IN THEUNITED STATES
___________________________________
Resource investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
Investors following mining stocks can purchase the directory in a PDF format with hyperlinks to stocks symbol(s), company’s url and company’s description. The mining stocks directory page features a Paypal link and buy now button for easy online purchase.
Investors also have the option to access the directory as part of the Investor Ideas Membership premium content. The full directory is now available to Investor Ideas members as part of the annual membership that currently features an additional 8 stock directories and investor newsletter.
DEAL PRIVATE PLACEMENT FINANCING
TORONTO, CANADA, December 16, 2009 – African Gold Group, Inc. (“AGG” or the “Company”) announced today that it has closed the previously announced bought deal private placement offering (the"Offering"). AGG issued an aggregate of 10,000,000 units of the Company (the “Units”) at a price of CDN$0.60 per Unit, for aggregate gross proceeds of CDN$6,000,000. The aggregate number of Units issued included 1,600,000 Units issued pursuant to the full exercise of the Underwriter’s option granted to the Underwriter under the Offering. Each Unit is comprised of one common share and one-half of one
common share purchase warrant of the Company (each whole warrant, a “Warrant”). Each Warrantentitles the holder to purchase one additional common share of the Company at a price of CDN$0.90 per common share for a period of 18 months (the “Expiry Date”) following the closing of the Offering.
Macquarie Capital Markets Canada Ltd. (“Macquarie” or the “Underwriter”) acted as sole Underwriter in respect of the Offering. The Underwriter received a cash commission of 6.0% of the gross proceeds raised in the Offering and 800,000 compensation options (each a “Compensation Option”). Each Compensation Option entitles the Underwriter to purchase one Unit of the Company at a price of CDN$0.60 per Unit until the Expiry Date.
The net proceeds of the Offering are intended to be used to fund the continuing development of the Company’s Kobada, Mali Project, the resumption of exploration at the Company’s 456 sq km
Asankrangwa, Ghana holdings, of which the north west quadrant (the Asuowunu concession) is on strike and contiguous with the recently discovered 3.5 million oz Essase gold deposit controlled by Keegan Resources, and for general working capital and corporate purposes.
The securities described herein have not been registered under the U.S. Securities Act of 1933, as amended, or any State Securities Laws and may not be offered or sold in the United States or to U.S. persons unless an exemption from registration is available. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein in the United States.
All securities issued pursuant to the Offering are subject to a four month hold period commencing on the closing date of the Offering.
African Gold Group, Inc., based in Toronto, Canada, is engaged in the identification, acquisition and exploration of prospective gold projects that are situated along significant gold trends within West Africa.
To date, the Company controls a total of twelve gold concessions that are consolidated in five distinct standalone exploration projects, of which three projects are located in Ghana and the remaining two are located in Mali, West Africa.
Additional Information is available on the Company's website at: www.africangoldgroup.com Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISTRIBUTION IN THEUNITED STATES
___________________________________
Resource investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
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Investors also have the option to access the directory as part of the Investor Ideas Membership premium content. The full directory is now available to Investor Ideas members as part of the annual membership that currently features an additional 8 stock directories and investor newsletter.
SILVER SPRUCE RESOURCES INC (TSXV: SSE)Private placement of up to $260,000 (non-flow-through)
SILVER SPRUCE RESOURCES INC (TSXV: SSE)Private placement of up to $260,000 (non-flow-through)
Bridgewater, Nova Scotia – December 16, 2009 - Silver Spruce Resources Inc. (TSXV: SSE)
Silver Spruce Resources Inc. (“Silver Spruce”) is pleased to announce it is arranging a nonbrokered private placement to raise gross proceeds of up to $260,000 (the “Offering”) on a nonflowthrough basis.
The Offering shall consist of the issuance of up to 4,000,000 non-flow-through units (“NFT
Units”) of Silver Spruce. Each NFT Unit shall be offered at a price of $0.065 per NFT Unit and
shall consist of one non-flow-through common share and one common share purchase warrant,
with each whole warrant exercisable at a price of $0.10 per non-flow-through common share for a
period of 24 months after the closing of the Offering. Closing is expected next week or before
December 31, 2009. No finder's or other fees shall be payable.
The gross proceeds raised from the issuance of the FT Units shall be used for general exploration
expenditures on Silver Spruce’s Mexico project and for general corporate purposes.
All securities issued in connection with the Offering shall be subject to a four-month hold period
in accordance with applicable securities requirements. The Offering is subject to fulfillment of the
requirements of the TSX Venture Exchange. This offering is in addition to the $700,000 flowthrough
offering announced on December 14, 2009.
ABOUT SILVER SPRUCE
Silver Spruce is a junior exploration company originally focused on uranium in the Central Mineral
Belt (CMB) and elsewhere in Labrador, Canada. With interests in more than 6,000 claims totaling
more than 1,500 square kilometers in Labrador, Silver Spruce is the second largest landholder in
one of the world’s premier emerging uranium districts. The company also has gold/silver projects
in Mexico and the island of Newfoundland, and base metal projects in central and western
Newfoundland making Silver Spruce a leading explorer in Canada and Mexico.
For Further Information Contact:
SILVER SPRUCE HEAD OFFICE INVESTOR RELATIONS
Gordon Barnhill, CFO & Director Hugh Oswald, Ascenta Capital Partners Inc.
Phone: 902.527.5700 Phone: 604.684.4743 ext. 243
Fax: 902.527.5711 Toll Free: 1.866.684.4743 ext. 243
E-mail: gbarnhill@silverspruceresources.com E-mail: hugh@ascentacapital.com
Web: www.silverspruceresources.com Web: www.ascentacapital.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
The Corporation seeks Safe Harbour.
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION
VIA U.S. NEWSWIRE
______________________________________
Resource investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
Investors following mining stocks can purchase the directory in a PDF format with hyperlinks to stocks symbol(s), company’s url and company’s description. The mining stocks directory page features a Paypal link and buy now button for easy online purchase.
Investors also have the option to access the directory as part of the Investor Ideas Membership premium content. The full directory is now available to Investor Ideas members as part of the annual membership that currently features an additional 8 stock directories and investor newsletter.
Bridgewater, Nova Scotia – December 16, 2009 - Silver Spruce Resources Inc. (TSXV: SSE)
Silver Spruce Resources Inc. (“Silver Spruce”) is pleased to announce it is arranging a nonbrokered private placement to raise gross proceeds of up to $260,000 (the “Offering”) on a nonflowthrough basis.
The Offering shall consist of the issuance of up to 4,000,000 non-flow-through units (“NFT
Units”) of Silver Spruce. Each NFT Unit shall be offered at a price of $0.065 per NFT Unit and
shall consist of one non-flow-through common share and one common share purchase warrant,
with each whole warrant exercisable at a price of $0.10 per non-flow-through common share for a
period of 24 months after the closing of the Offering. Closing is expected next week or before
December 31, 2009. No finder's or other fees shall be payable.
The gross proceeds raised from the issuance of the FT Units shall be used for general exploration
expenditures on Silver Spruce’s Mexico project and for general corporate purposes.
All securities issued in connection with the Offering shall be subject to a four-month hold period
in accordance with applicable securities requirements. The Offering is subject to fulfillment of the
requirements of the TSX Venture Exchange. This offering is in addition to the $700,000 flowthrough
offering announced on December 14, 2009.
ABOUT SILVER SPRUCE
Silver Spruce is a junior exploration company originally focused on uranium in the Central Mineral
Belt (CMB) and elsewhere in Labrador, Canada. With interests in more than 6,000 claims totaling
more than 1,500 square kilometers in Labrador, Silver Spruce is the second largest landholder in
one of the world’s premier emerging uranium districts. The company also has gold/silver projects
in Mexico and the island of Newfoundland, and base metal projects in central and western
Newfoundland making Silver Spruce a leading explorer in Canada and Mexico.
For Further Information Contact:
SILVER SPRUCE HEAD OFFICE INVESTOR RELATIONS
Gordon Barnhill, CFO & Director Hugh Oswald, Ascenta Capital Partners Inc.
Phone: 902.527.5700 Phone: 604.684.4743 ext. 243
Fax: 902.527.5711 Toll Free: 1.866.684.4743 ext. 243
E-mail: gbarnhill@silverspruceresources.com E-mail: hugh@ascentacapital.com
Web: www.silverspruceresources.com Web: www.ascentacapital.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
The Corporation seeks Safe Harbour.
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION
VIA U.S. NEWSWIRE
______________________________________
Resource investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
Investors following mining stocks can purchase the directory in a PDF format with hyperlinks to stocks symbol(s), company’s url and company’s description. The mining stocks directory page features a Paypal link and buy now button for easy online purchase.
Investors also have the option to access the directory as part of the Investor Ideas Membership premium content. The full directory is now available to Investor Ideas members as part of the annual membership that currently features an additional 8 stock directories and investor newsletter.
Eldorado Gold Corporation (TSX:ELD)(NYSE:EGO )(ASX:EAU ) Closes Acquisition of Sino Gold
Eldorado Gold Corporation (TSX:ELD)(NYSE:EGO )(ASX:EAU ) Closes Acquisition of Sino Gold
VANCOUVER, BRITISH COLUMBIA-- - Eldorado Gold Corporation (TSX:ELD)(NYSE:EGO )(ASX:EAU ) ("Eldorado" or "Company") is pleased to announce the closing of its acquisition of all of the outstanding securities (the "Sino Gold Securities") of Sino Gold Mining Limited ("Sino Gold"), not held by Eldorado, pursuant to a Scheme Implementation Deed dated August 26, 2009, as amended October 27, 2009 (the "Scheme Deed"), with Sino Gold, by way of schemes of arrangement (the "Schemes") under the laws of Australia (the "Transaction"). Pursuant to the Schemes, Eldorado, through its wholly owned subsidiary, Eldorado Pacific Pty Limited, acquired all of the outstanding ordinary shares of Sino Gold (the "Sino Gold Shares") not held by Eldorado that, together with the Sino Gold Shares already held by Eldorado, constitute 100% of the issued and outstanding Sino Gold Securities following the implementation of the Transaction. All outstanding options ("Sino Gold Options") to purchase Sino Gold Shares were cancelled pursuant to the Schemes in connection with the implementation of the Transaction. The Sino Gold Shares have been suspended from trading on the Australian Securities Exchange ("ASX") and the Hong Kong Stock Exchange, effective December 4, 2009, and the Sino Gold shares will be delisted from those exchanges. An application for Sino Gold to cease being a reporting issuer will also be made to the relevant Canadian securities authorities.
Eldorado has issued an aggregate of 131,772,777 common shares ("Eldorado Shares") in the capital of Eldorado, either directly or indirectly as CHESS Depository Interests ("CDIs"), through CHESS Depository Nominees Pty Limited ("CHESS"), to former shareholders and optionholders of Sino Gold pursuant to the Scheme Deed in connection with the implementation of the Transaction. Consideration for the Sino Gold Shares acquired was Eldorado Shares, with the number issued based on a share exchange ratio of 0.55 Eldorado Share for each Sino Gold Share. Consideration for cancellation of Sino Gold Options was Eldorado Shares, with the number issued calculated with reference to the share exchange ratio, the exercise price for such Sino Gold Options and whether the Sino Gold Options were "in the money" or not.
Eldorado previously acquired 57,968,029 Sino Gold Shares on July 27, 2009, pursuant to a Share Purchase and Sale Agreement (the "Share Purchase Agreement") dated June 3, 2009, as amended on July 10, 2009, with Gold Fields Australasia (BVI) Limited ("GFA"). In connection with the implementation of the Transaction, Eldorado has issued 4,057,762 Eldorado Shares to GFA pursuant to the purchase price adjustment provisions of the Share Purchase Agreement.
A total of 135,830,539 Eldorado Shares (including those issued to GFA) were issued in connection with the implementation of the Transaction and following completion of the implementation as of December 15, 2009, there are 537,101,235 Eldorado Shares issued and outstanding. The Eldorado Shares issued in connection with the implementation of the Transaction will begin trading on the Toronto Stock Exchange ("TSX") and the New York Stock Exchange on December 15, 2009.
In connection with the implementation of the Transaction, CDIs, each representing an interest in one common share of Eldorado, began trading on a deferred settlement basis on the ASX on December 7, 2009, under the symbol EAU. The CDIs will begin trading on the ASX on a normal settlement basis on December 16, 2009.
Under the terms of the Scheme Deed, subject to compliance with applicable Canadian and US securities law and regulatory requirements, a share sale facility (the "Sale Facility") has been made available to ineligible foreign securityholders of Sino Gold, who may not receive the Eldorado Shares or CDIs pursuant to the laws of the jurisdictions in which they reside, as well as to those securityholders of Sino Gold who were entitled to receive 55,000 or less Eldorado Shares under the Transaction and who validly elected to participate in the Sale Facility. Pursuant to the implementation of the Transaction, 781,845 Eldorado Shares were issued to the sales agent, Macquarie Capital Markets Canada Ltd. ("Sale Agent"), as nominee in trust for the Sale Facility participants. These Eldorado Shares will be sold by the Sale Agent through the Sale Facility within 15 trading days of December 15, 2009, following which the Sale Facility participants will receive their pro rata share of the proceeds of such sale, less applicable deductions for taxes and currency conversion costs.
Pursuant to the implementation of the Transaction, Eldorado also announces the appointment of two additional directors to the Eldorado board, James Askew and Peter Cassidy. Mr. Askew is the former non-executive chairman of the board of directors of Sino Gold and is a mining engineer with broad international experience as CEO for a number of Australian and international publicly listed mining, mining finance and other mining-related companies over twenty-one years, fifteen of which have been in the gold sector. Mr. Cassidy is a senior mining executive with over thirty-seven years exposure to the minerals industry, including public company experience, in Australia, Papua New Guinea, Indonesia and the USA, including more than fifteen years in the gold industry. Mr. Cassidy is a former non-executive director of Sino Gold.
Eldorado also announces the appointment of Robert R. Gilmore as the Chair of the Eldorado Board of Directors. Mr. Gilmore has been a Director of Eldorado since April 2003. He replaces Hugh C. Morris, who is stepping down from his position as Chair, effective today. The Company thanks Mr. Morris for his many contributions to the Company throughout his tenure as a Chair of the Eldorado Board. Going forward, Mr. Morris will continue to serve as a non-executive director of the Company.
The Transaction was previously approved by the holders of Sino Gold Securities at three separate meetings which were held in Sydney, Australia on December 2, 2009 and by the Federal Court of Australia in a hearing on December 4, 2009, with the final court order being filed with the Australian Securities and Investments Commission on December 4, 2009.
For further information on the Transaction (including the Sale Facility) see the Scheme Deed and the Schemes, which are available on SEDAR under Eldorado's name.
Following completion of the Transaction, Eldorado's market capitalization is approximately C$7.7 billion (based on a C$14.42 closing price of the Eldorado Shares on the TSX on December 14, 2009). Going forward, the combined entity is expected to be gold-focused and will have a significant presence in China and Turkey, including several mines in production, along with exposure in Greece and Brazil. Eldorado will continue to be headquartered in Vancouver, British Columbia.
With the acquisition of Sino Gold, Eldorado has acquired Sino Gold's interests in the Jinfeng Gold Mine in southern China's Guizhou Province (the second largest gold mine in China), the White Mountain Gold Mine in northeast China's Jilin Province and the Eastern Dragon Gold Project in northern China's Heilongjiang Province.
For further information of our properties, including our resources and reserves, see our website at http://www.eldoradogold.com/.
Eldorado is a gold producing, exploration and development company actively growing businesses in Brazil, China, Greece, and Turkey and surrounding regions. We are one of the lowest cost pure gold producers. With our international expertise in mining, finance and project development, together with highly skilled and dedicated staff, we believe that Eldorado is well positioned to grow in value as we create and pursue new opportunities.
ON BEHALF OF ELDORADO GOLD CORPORATION
Paul N. Wright, President and Chief Executive Officer
Cautionary Note Regarding Forward-Looking Statements
Certain of the statements made herein may contain forward-looking statements or information within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Such forward-looking statements or information include, but are not limited to statements or information with respect to the Transaction, production targets and the impact of the implementation of the Transaction on Eldorado, its operations, financial position, reserves and resources and gold production.
Forward-looking statements and forward-looking information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. We have made certain assumptions about the forward-looking statements and information, including assumptions about the implementation of the Transaction and its impact on our operations, financial position, reserves and resources and gold production, price of gold, anticipated costs and expenditures and the ability to achieve our goals. Although our management believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that the forward-looking statements or information will prove to be accurate. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. These risks, uncertainties and other factors include, among others, the following: the risk that the integration of the Eldorado and Sino Gold businesses taking longer than expected and the anticipated efficiencies and benefits of the integration may be less than estimated and the costs of acquisition higher than anticipated; risks of not meeting production and cost targets; gold price volatility; discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries; mining operational and development risk; litigation risks; regulatory restrictions, including environmental regulatory restrictions and liability; risks of sovereign investment and operating in foreign countries; currency fluctuations; speculative nature of gold exploration; global economic climate; dilution; share price volatility; competition; ability to complete acquisitions; loss of key employees; additional funding requirements; and defective title to mineral claims or property, as well as those factors discussed in the sections entitled "Forward-Looking Statements" and "Risk Factors" in the Company's Annual Information Form & Form 40-F dated March 31, 2009.
There can be no assurance that forward-looking statements or information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, you should not place undue reliance on the forward-looking statements or information contained herein. Except as required by law, we do not expect to update forward-looking statements and information continually as conditions change and you are referred to the full discussion of the Company's business contained in the Company's reports filed with the securities regulatory authorities in Canada and the U.S.
Cautionary Note Regarding Sino Gold Information
Information on Sino Gold was derived from Sino Gold's public disclosure prior to the implementation of the Transaction. For further information on Sino Gold, readers are directed to Scheme Booklet prepared by Sino Gold in connection with the Transaction available at http://www.sedar.com/ under Sino Gold's name.
Eldorado Gold Corporation's common shares trade on the Toronto Stock Exchange (TSX:ELD - News) and the New York Stock Exchange (NYSE:EGO - News). Eldorado CDIs trade on the Australian Securities Exchange (ASX:EAU - News).
Request for information packages: info@eldoradogold.com
Resource investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Investors following mining stocks can purchase the directory in a PDF format with hyperlinks to stocks symbol(s), company’s url and company’s description. The mining stocks directory page features a Paypal link and buy now button for easy online purchase.
Investors also have the option to access the directory as part of the Investor Ideas Membership premium content. The full directory is now available to Investor Ideas members as part of the annual membership that currently features an additional 8 stock directories and investor newsletter.
VANCOUVER, BRITISH COLUMBIA-- - Eldorado Gold Corporation (TSX:ELD)(NYSE:EGO )(ASX:EAU ) ("Eldorado" or "Company") is pleased to announce the closing of its acquisition of all of the outstanding securities (the "Sino Gold Securities") of Sino Gold Mining Limited ("Sino Gold"), not held by Eldorado, pursuant to a Scheme Implementation Deed dated August 26, 2009, as amended October 27, 2009 (the "Scheme Deed"), with Sino Gold, by way of schemes of arrangement (the "Schemes") under the laws of Australia (the "Transaction"). Pursuant to the Schemes, Eldorado, through its wholly owned subsidiary, Eldorado Pacific Pty Limited, acquired all of the outstanding ordinary shares of Sino Gold (the "Sino Gold Shares") not held by Eldorado that, together with the Sino Gold Shares already held by Eldorado, constitute 100% of the issued and outstanding Sino Gold Securities following the implementation of the Transaction. All outstanding options ("Sino Gold Options") to purchase Sino Gold Shares were cancelled pursuant to the Schemes in connection with the implementation of the Transaction. The Sino Gold Shares have been suspended from trading on the Australian Securities Exchange ("ASX") and the Hong Kong Stock Exchange, effective December 4, 2009, and the Sino Gold shares will be delisted from those exchanges. An application for Sino Gold to cease being a reporting issuer will also be made to the relevant Canadian securities authorities.
Eldorado has issued an aggregate of 131,772,777 common shares ("Eldorado Shares") in the capital of Eldorado, either directly or indirectly as CHESS Depository Interests ("CDIs"), through CHESS Depository Nominees Pty Limited ("CHESS"), to former shareholders and optionholders of Sino Gold pursuant to the Scheme Deed in connection with the implementation of the Transaction. Consideration for the Sino Gold Shares acquired was Eldorado Shares, with the number issued based on a share exchange ratio of 0.55 Eldorado Share for each Sino Gold Share. Consideration for cancellation of Sino Gold Options was Eldorado Shares, with the number issued calculated with reference to the share exchange ratio, the exercise price for such Sino Gold Options and whether the Sino Gold Options were "in the money" or not.
Eldorado previously acquired 57,968,029 Sino Gold Shares on July 27, 2009, pursuant to a Share Purchase and Sale Agreement (the "Share Purchase Agreement") dated June 3, 2009, as amended on July 10, 2009, with Gold Fields Australasia (BVI) Limited ("GFA"). In connection with the implementation of the Transaction, Eldorado has issued 4,057,762 Eldorado Shares to GFA pursuant to the purchase price adjustment provisions of the Share Purchase Agreement.
A total of 135,830,539 Eldorado Shares (including those issued to GFA) were issued in connection with the implementation of the Transaction and following completion of the implementation as of December 15, 2009, there are 537,101,235 Eldorado Shares issued and outstanding. The Eldorado Shares issued in connection with the implementation of the Transaction will begin trading on the Toronto Stock Exchange ("TSX") and the New York Stock Exchange on December 15, 2009.
In connection with the implementation of the Transaction, CDIs, each representing an interest in one common share of Eldorado, began trading on a deferred settlement basis on the ASX on December 7, 2009, under the symbol EAU. The CDIs will begin trading on the ASX on a normal settlement basis on December 16, 2009.
Under the terms of the Scheme Deed, subject to compliance with applicable Canadian and US securities law and regulatory requirements, a share sale facility (the "Sale Facility") has been made available to ineligible foreign securityholders of Sino Gold, who may not receive the Eldorado Shares or CDIs pursuant to the laws of the jurisdictions in which they reside, as well as to those securityholders of Sino Gold who were entitled to receive 55,000 or less Eldorado Shares under the Transaction and who validly elected to participate in the Sale Facility. Pursuant to the implementation of the Transaction, 781,845 Eldorado Shares were issued to the sales agent, Macquarie Capital Markets Canada Ltd. ("Sale Agent"), as nominee in trust for the Sale Facility participants. These Eldorado Shares will be sold by the Sale Agent through the Sale Facility within 15 trading days of December 15, 2009, following which the Sale Facility participants will receive their pro rata share of the proceeds of such sale, less applicable deductions for taxes and currency conversion costs.
Pursuant to the implementation of the Transaction, Eldorado also announces the appointment of two additional directors to the Eldorado board, James Askew and Peter Cassidy. Mr. Askew is the former non-executive chairman of the board of directors of Sino Gold and is a mining engineer with broad international experience as CEO for a number of Australian and international publicly listed mining, mining finance and other mining-related companies over twenty-one years, fifteen of which have been in the gold sector. Mr. Cassidy is a senior mining executive with over thirty-seven years exposure to the minerals industry, including public company experience, in Australia, Papua New Guinea, Indonesia and the USA, including more than fifteen years in the gold industry. Mr. Cassidy is a former non-executive director of Sino Gold.
Eldorado also announces the appointment of Robert R. Gilmore as the Chair of the Eldorado Board of Directors. Mr. Gilmore has been a Director of Eldorado since April 2003. He replaces Hugh C. Morris, who is stepping down from his position as Chair, effective today. The Company thanks Mr. Morris for his many contributions to the Company throughout his tenure as a Chair of the Eldorado Board. Going forward, Mr. Morris will continue to serve as a non-executive director of the Company.
The Transaction was previously approved by the holders of Sino Gold Securities at three separate meetings which were held in Sydney, Australia on December 2, 2009 and by the Federal Court of Australia in a hearing on December 4, 2009, with the final court order being filed with the Australian Securities and Investments Commission on December 4, 2009.
For further information on the Transaction (including the Sale Facility) see the Scheme Deed and the Schemes, which are available on SEDAR under Eldorado's name.
Following completion of the Transaction, Eldorado's market capitalization is approximately C$7.7 billion (based on a C$14.42 closing price of the Eldorado Shares on the TSX on December 14, 2009). Going forward, the combined entity is expected to be gold-focused and will have a significant presence in China and Turkey, including several mines in production, along with exposure in Greece and Brazil. Eldorado will continue to be headquartered in Vancouver, British Columbia.
With the acquisition of Sino Gold, Eldorado has acquired Sino Gold's interests in the Jinfeng Gold Mine in southern China's Guizhou Province (the second largest gold mine in China), the White Mountain Gold Mine in northeast China's Jilin Province and the Eastern Dragon Gold Project in northern China's Heilongjiang Province.
For further information of our properties, including our resources and reserves, see our website at http://www.eldoradogold.com/.
Eldorado is a gold producing, exploration and development company actively growing businesses in Brazil, China, Greece, and Turkey and surrounding regions. We are one of the lowest cost pure gold producers. With our international expertise in mining, finance and project development, together with highly skilled and dedicated staff, we believe that Eldorado is well positioned to grow in value as we create and pursue new opportunities.
ON BEHALF OF ELDORADO GOLD CORPORATION
Paul N. Wright, President and Chief Executive Officer
Cautionary Note Regarding Forward-Looking Statements
Certain of the statements made herein may contain forward-looking statements or information within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Such forward-looking statements or information include, but are not limited to statements or information with respect to the Transaction, production targets and the impact of the implementation of the Transaction on Eldorado, its operations, financial position, reserves and resources and gold production.
Forward-looking statements and forward-looking information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. We have made certain assumptions about the forward-looking statements and information, including assumptions about the implementation of the Transaction and its impact on our operations, financial position, reserves and resources and gold production, price of gold, anticipated costs and expenditures and the ability to achieve our goals. Although our management believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that the forward-looking statements or information will prove to be accurate. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. These risks, uncertainties and other factors include, among others, the following: the risk that the integration of the Eldorado and Sino Gold businesses taking longer than expected and the anticipated efficiencies and benefits of the integration may be less than estimated and the costs of acquisition higher than anticipated; risks of not meeting production and cost targets; gold price volatility; discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries; mining operational and development risk; litigation risks; regulatory restrictions, including environmental regulatory restrictions and liability; risks of sovereign investment and operating in foreign countries; currency fluctuations; speculative nature of gold exploration; global economic climate; dilution; share price volatility; competition; ability to complete acquisitions; loss of key employees; additional funding requirements; and defective title to mineral claims or property, as well as those factors discussed in the sections entitled "Forward-Looking Statements" and "Risk Factors" in the Company's Annual Information Form & Form 40-F dated March 31, 2009.
There can be no assurance that forward-looking statements or information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, you should not place undue reliance on the forward-looking statements or information contained herein. Except as required by law, we do not expect to update forward-looking statements and information continually as conditions change and you are referred to the full discussion of the Company's business contained in the Company's reports filed with the securities regulatory authorities in Canada and the U.S.
Cautionary Note Regarding Sino Gold Information
Information on Sino Gold was derived from Sino Gold's public disclosure prior to the implementation of the Transaction. For further information on Sino Gold, readers are directed to Scheme Booklet prepared by Sino Gold in connection with the Transaction available at http://www.sedar.com/ under Sino Gold's name.
Eldorado Gold Corporation's common shares trade on the Toronto Stock Exchange (TSX:ELD - News) and the New York Stock Exchange (NYSE:EGO - News). Eldorado CDIs trade on the Australian Securities Exchange (ASX:EAU - News).
Request for information packages: info@eldoradogold.com
Resource investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Investors following mining stocks can purchase the directory in a PDF format with hyperlinks to stocks symbol(s), company’s url and company’s description. The mining stocks directory page features a Paypal link and buy now button for easy online purchase.
Investors also have the option to access the directory as part of the Investor Ideas Membership premium content. The full directory is now available to Investor Ideas members as part of the annual membership that currently features an additional 8 stock directories and investor newsletter.
Saturday, December 12, 2009
CoalSectorStocks.com; Following Coal Stocks and the Coal Industry with New Updated Coal Stocks Directory for Investors
CoalSectorStocks.com; Following Coal Stocks and the Coal Industry with New Updated Coal Stocks Directory for Investors
POINT ROBERTS, WA, Delta B.C. December 12,2009 - www.CoalSectorStocks.com, a global investor and industry portal for coal sector stocks within the www.InvestorIdeas.com umbrella of investor portals has updated the coal stocks directory as renewed investor interest builds momentum in the sector and some it’s leading stocks.
www.CoalSectorStocks.com (CSS),within the InvestorIdeas.com content umbrella, offer investors research, news, blogs, RSS Feeds, and a directory of public companies within the coal industry .
Preview of Coal Stocks Directory:
http://www.investorideas.com/CSS/Stock_List.asp
ADA-ES (NasdaqCM: ADES) is a leader in clean coal technology and the associated specialty chemicals. The Company develops and implements proprietary environmental technology and specialty chemicals that enable coal-fueled power plants to enhance existing air pollution control equipment, maximize capacity and improve operating efficiencies. Through its largest segment, Mercury Emission Control, ADA-ES supplies activated carbon injection systems, mercury measurement instrumentation, and related services. To meet the needs of the power industry for mercury control, ADA-CS, the Company's joint venture with ECP, is developing state-of-the-art facilities to produce AC with the first plant projected to come on-line in 2010. Additionally, the Company is developing technologies for power plants to address issues related to the emissions of carbon dioxide.
Alliance Resource Partners LP ( NasdaqGS:ARLP) is a diversified producer and marketer of coal to major United States utilities and industrial users. ARLP, the nation's only publicly traded master limited partnership involved in the production and marketing of coal, is currently the fifth largest coal producer in the eastern United States. ARLP operates eight mining complexes in Illinois, Indiana, Kentucky, Maryland, and West Virginia. ARLP recently initiated mining operations at a new mining complex currently under construction in Kentucky and is also constructing a new mining complex in West Virginia. In addition, ARLP operates a coal loading terminal on the Ohio River at Mt. Vernon, Indiana. ARLP's mining activities are conducted in three geographic regions commonly referred to in the coal industry as the Illinois Basin, Central Appalachian and Northern Appalachian regions.
Alpha Natural Resources (NYSE:ANR) is one of America's premier coal suppliers with coal production capacity of more than 90 million tons a year. Alpha is the nation's leading supplier and exporter of metallurgical coal used in the steel-making process and is a major supplier of thermal coal to electric utilities and manufacturing industries across the country. The company, through its affiliates, employs approximately 6,200 people and operates more than 60 mines and 14 coal preparation facilities in the regions of Northern and Central Appalachia and the Powder River Basin.
Anglo American plc ( OTCPK:AAUKF; LSE:AAL.L) is one of the world's largest mining and natural resource groups. The coal business, Anglo Coal, is the world's sixth largest private sector coal producer and exporter, with operations in South Africa, Australia, South America and Canada.
Anhui Hengyuan Coal Industry & Electricity Power Co., Ltd (Shanghai:600971.SH) is principally engaged in the mining, processing and distribution of coal, as well as the generation of electricity. The Company distributes its products in domestic markets. As of December 31, 2008, the Company had two wholly owned subsidiaries engaged in the mining and sale of coal and one subsidiary engaged in the power generation with coal slurry and coal slack.
Aquila Resources Limited (ASX:AQA.AX) is a minerals exploration company focused on coal and iron ore exploration in Australia and overseas. AQA also produces coal from its Isaac Plains Project in the Bowen Basin, Central Queensland.
Arch Coal, Inc (NYSE:ACI) is the second largest U.S. coal producer. Through its national network of mines, Arch supplies cleaner-burning, low-sulfur coal to U.S. power producers to fuel roughly 8 percent of the nation's electricity. The company also ships coal to domestic and international steel manufacturers as well as international power producers.
Arrow Energy Ltd. (ASX:AOE.AX) is an emerging global leader in coal seam gas development with an expanding business presence in Australia, China, India, Vietnam and Indonesia. The relentless execution of our growth strategy is returning increasing value to our shareholders and host communities and building a company that's reaching new levels of performance in a dynamic international marketplace.
Aztec Oil & Gas Inc. (OTCPK:AZGS) is an oil and gas exploration, development and production company focusing on numerous areas throughout the U.S. It owns a minority interest in a 29-well oil and natural gas program in Pennsylvania. Aztec also owns a minority interest in two producing Deep Lake wells in Cameron Parish, Louisiana ranging from 13,600 feet to 14,300 feet in depth. Aztec additionally owns a minority interest in one Wharton County, Texas producer; and one Barnett Shale play area well located in Wise County, Texas which had good initial oil and gas shows, is producing, but is experiencing mechanical difficulties. Aztec has a minority interest in three producing gas wells in Oklahoma of which two are conventional wells, and the third is a horizontal, Coal Bed Methane (CBM) well.
Beard Co. (OTCBB:BRCO) has shifted its focus to three areas, all involving natural resources, that management believes have high growth and/or above-average profit potential. The Company is involved in oil and gas activities; coal reclamation activities; and minerals exploration and development through its Geohedral investment.
*To view the entire list you must be a member or purchase the directory in PDF
Investorideas.com has created some of the most comprehensive online stock directories for investors in leading sectors. The renewable energy stocks directory has an estimated 900 stocks and the oil and gas stock directories has over 500 stocks. Directories can all be purchased individually in PDF or as part of the Investor Ideas Membership via login access.
Investor Ideas Members can also access by login the Mining stocks directory, oil and gas stocks directory , Natural Gas Stocks Directory , Water Stocks Directory, Renewable energy stocks directory, Biotech Stocks Directory, Defense and Homeland Security Stocks Directory, Fuel cell stocks Directory, Environment Stocks Directory and the investor newsletter- The Insiders Corner, covering insider buying trends in small cap stocks.
About InvestorIdeas.com:
InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Disclaimer: Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising.
For more information contact:
Dawn Van Zant: 800-665-0411 - dvanzant@investorideas.com or cvanzant@investorideas.com
-Public companies please contact us with updates, corrections and additions.
Resource investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
Investors following mining stocks can purchase the directory in a PDF format with hyperlinks to stocks symbol(s), company’s url and company’s description. The mining stocks directory page features a Paypal link and buy now button for easy online purchase.
Investors also have the option to access the directory as part of the Investor Ideas Membership premium content. The full directory is now available to Investor Ideas members as part of the annual membership that currently features an additional 8 stock directories and investor newsletter.
POINT ROBERTS, WA, Delta B.C. December 12,2009 - www.CoalSectorStocks.com, a global investor and industry portal for coal sector stocks within the www.InvestorIdeas.com umbrella of investor portals has updated the coal stocks directory as renewed investor interest builds momentum in the sector and some it’s leading stocks.
www.CoalSectorStocks.com (CSS),within the InvestorIdeas.com content umbrella, offer investors research, news, blogs, RSS Feeds, and a directory of public companies within the coal industry .
Preview of Coal Stocks Directory:
http://www.investorideas.com/CSS/Stock_List.asp
ADA-ES (NasdaqCM: ADES) is a leader in clean coal technology and the associated specialty chemicals. The Company develops and implements proprietary environmental technology and specialty chemicals that enable coal-fueled power plants to enhance existing air pollution control equipment, maximize capacity and improve operating efficiencies. Through its largest segment, Mercury Emission Control, ADA-ES supplies activated carbon injection systems, mercury measurement instrumentation, and related services. To meet the needs of the power industry for mercury control, ADA-CS, the Company's joint venture with ECP, is developing state-of-the-art facilities to produce AC with the first plant projected to come on-line in 2010. Additionally, the Company is developing technologies for power plants to address issues related to the emissions of carbon dioxide.
Alliance Resource Partners LP ( NasdaqGS:ARLP) is a diversified producer and marketer of coal to major United States utilities and industrial users. ARLP, the nation's only publicly traded master limited partnership involved in the production and marketing of coal, is currently the fifth largest coal producer in the eastern United States. ARLP operates eight mining complexes in Illinois, Indiana, Kentucky, Maryland, and West Virginia. ARLP recently initiated mining operations at a new mining complex currently under construction in Kentucky and is also constructing a new mining complex in West Virginia. In addition, ARLP operates a coal loading terminal on the Ohio River at Mt. Vernon, Indiana. ARLP's mining activities are conducted in three geographic regions commonly referred to in the coal industry as the Illinois Basin, Central Appalachian and Northern Appalachian regions.
Alpha Natural Resources (NYSE:ANR) is one of America's premier coal suppliers with coal production capacity of more than 90 million tons a year. Alpha is the nation's leading supplier and exporter of metallurgical coal used in the steel-making process and is a major supplier of thermal coal to electric utilities and manufacturing industries across the country. The company, through its affiliates, employs approximately 6,200 people and operates more than 60 mines and 14 coal preparation facilities in the regions of Northern and Central Appalachia and the Powder River Basin.
Anglo American plc ( OTCPK:AAUKF; LSE:AAL.L) is one of the world's largest mining and natural resource groups. The coal business, Anglo Coal, is the world's sixth largest private sector coal producer and exporter, with operations in South Africa, Australia, South America and Canada.
Anhui Hengyuan Coal Industry & Electricity Power Co., Ltd (Shanghai:600971.SH) is principally engaged in the mining, processing and distribution of coal, as well as the generation of electricity. The Company distributes its products in domestic markets. As of December 31, 2008, the Company had two wholly owned subsidiaries engaged in the mining and sale of coal and one subsidiary engaged in the power generation with coal slurry and coal slack.
Aquila Resources Limited (ASX:AQA.AX) is a minerals exploration company focused on coal and iron ore exploration in Australia and overseas. AQA also produces coal from its Isaac Plains Project in the Bowen Basin, Central Queensland.
Arch Coal, Inc (NYSE:ACI) is the second largest U.S. coal producer. Through its national network of mines, Arch supplies cleaner-burning, low-sulfur coal to U.S. power producers to fuel roughly 8 percent of the nation's electricity. The company also ships coal to domestic and international steel manufacturers as well as international power producers.
Arrow Energy Ltd. (ASX:AOE.AX) is an emerging global leader in coal seam gas development with an expanding business presence in Australia, China, India, Vietnam and Indonesia. The relentless execution of our growth strategy is returning increasing value to our shareholders and host communities and building a company that's reaching new levels of performance in a dynamic international marketplace.
Aztec Oil & Gas Inc. (OTCPK:AZGS) is an oil and gas exploration, development and production company focusing on numerous areas throughout the U.S. It owns a minority interest in a 29-well oil and natural gas program in Pennsylvania. Aztec also owns a minority interest in two producing Deep Lake wells in Cameron Parish, Louisiana ranging from 13,600 feet to 14,300 feet in depth. Aztec additionally owns a minority interest in one Wharton County, Texas producer; and one Barnett Shale play area well located in Wise County, Texas which had good initial oil and gas shows, is producing, but is experiencing mechanical difficulties. Aztec has a minority interest in three producing gas wells in Oklahoma of which two are conventional wells, and the third is a horizontal, Coal Bed Methane (CBM) well.
Beard Co. (OTCBB:BRCO) has shifted its focus to three areas, all involving natural resources, that management believes have high growth and/or above-average profit potential. The Company is involved in oil and gas activities; coal reclamation activities; and minerals exploration and development through its Geohedral investment.
*To view the entire list you must be a member or purchase the directory in PDF
Investorideas.com has created some of the most comprehensive online stock directories for investors in leading sectors. The renewable energy stocks directory has an estimated 900 stocks and the oil and gas stock directories has over 500 stocks. Directories can all be purchased individually in PDF or as part of the Investor Ideas Membership via login access.
Investor Ideas Members can also access by login the Mining stocks directory, oil and gas stocks directory , Natural Gas Stocks Directory , Water Stocks Directory, Renewable energy stocks directory, Biotech Stocks Directory, Defense and Homeland Security Stocks Directory, Fuel cell stocks Directory, Environment Stocks Directory and the investor newsletter- The Insiders Corner, covering insider buying trends in small cap stocks.
About InvestorIdeas.com:
InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Disclaimer: Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising.
For more information contact:
Dawn Van Zant: 800-665-0411 - dvanzant@investorideas.com or cvanzant@investorideas.com
-Public companies please contact us with updates, corrections and additions.
Resource investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
Investors following mining stocks can purchase the directory in a PDF format with hyperlinks to stocks symbol(s), company’s url and company’s description. The mining stocks directory page features a Paypal link and buy now button for easy online purchase.
Investors also have the option to access the directory as part of the Investor Ideas Membership premium content. The full directory is now available to Investor Ideas members as part of the annual membership that currently features an additional 8 stock directories and investor newsletter.
Thursday, December 10, 2009
Consolidated Spire Ventures (TSX.V: CZS) Announces Winter Exploration Update At Prospect Valley
Consolidated Spire Ventures (TSX.V: CZS) Announces Winter Exploration Update At Prospect Valley
Consolidated Spire Ventures Ltd (TSX.V: CZS) is pleased to announce that the Altair Ventures Incorporated (“Altair") Prospect Valley exploration team (by re-evaluating past information on soil samples, trench results, drill logs, IP and MAG information) has uncovered 8 areas that they consider ‘hot spots’ and are in the process of uncovering and defining these areas in preparation of a proposed drill program.
Due to extreme snow conditions for this time of the year, the 6-man crew has switched from ATV's to snow machines for travel on the Prospect Valley lower road, and it’s actually faster to reach the North and South Discovery Zones than by truck or ATV. The weather has not hampered the efforts of completing the planned soil &pit program. The snow machines are pulling sleds that carry the supplies & equipment in each day, and then transport the soil & rock samples out at the end of the day.
The primary objective for the current ground work program (late fall/winter 2009) is to prioritize drill targets, both within the Discovery Zones and for gold showings in numerous other ‘hot spot’ areas of the property, such as the Ridgeline Target, the NW Dome, the Northeast Extension, the Southeast Trend Target and the Crown Target. This
current phase will include short trenching, soil & rock sampling and a re-evaluation of drill targets.
The next phase in the 2010 field exploration program is to include diamond drilling in the Discovery Zones and to test other targets identified by the current program.
Altair has an option to earn up to a 90% interest in the 107.9 sq km, Prospect Valley Gold Property, located within the Spences Bridge Gold Belt in southern British Columbia, approximately 3 hours driving time from Vancouver.
The property is road-accessible and in close proximity to good infrastructure from Merritt, BC.
FOR INFORMATION OR INVESTOR RELATIONS CONTACT THE COMPANY
AT (604) 662-7455 OR VISIT THE WEBSITE AT www.spireventures.com
ON BEHALF OF THE BOARD
Brian Buchanan
President and Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
Resource investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
Investors following mining stocks can purchase the directory in a PDF format with hyperlinks to stocks symbol(s), company’s url and company’s description. The mining stocks directory page features a Paypal link and buy now button for easy online purchase.
Investors also have the option to access the directory as part of the Investor Ideas Membership premium content. The full directory is now available to Investor Ideas members as part of the annual membership that currently features an additional 8 stock directories and investor newsletter.
Consolidated Spire Ventures Ltd (TSX.V: CZS) is pleased to announce that the Altair Ventures Incorporated (“Altair") Prospect Valley exploration team (by re-evaluating past information on soil samples, trench results, drill logs, IP and MAG information) has uncovered 8 areas that they consider ‘hot spots’ and are in the process of uncovering and defining these areas in preparation of a proposed drill program.
Due to extreme snow conditions for this time of the year, the 6-man crew has switched from ATV's to snow machines for travel on the Prospect Valley lower road, and it’s actually faster to reach the North and South Discovery Zones than by truck or ATV. The weather has not hampered the efforts of completing the planned soil &pit program. The snow machines are pulling sleds that carry the supplies & equipment in each day, and then transport the soil & rock samples out at the end of the day.
The primary objective for the current ground work program (late fall/winter 2009) is to prioritize drill targets, both within the Discovery Zones and for gold showings in numerous other ‘hot spot’ areas of the property, such as the Ridgeline Target, the NW Dome, the Northeast Extension, the Southeast Trend Target and the Crown Target. This
current phase will include short trenching, soil & rock sampling and a re-evaluation of drill targets.
The next phase in the 2010 field exploration program is to include diamond drilling in the Discovery Zones and to test other targets identified by the current program.
Altair has an option to earn up to a 90% interest in the 107.9 sq km, Prospect Valley Gold Property, located within the Spences Bridge Gold Belt in southern British Columbia, approximately 3 hours driving time from Vancouver.
The property is road-accessible and in close proximity to good infrastructure from Merritt, BC.
FOR INFORMATION OR INVESTOR RELATIONS CONTACT THE COMPANY
AT (604) 662-7455 OR VISIT THE WEBSITE AT www.spireventures.com
ON BEHALF OF THE BOARD
Brian Buchanan
President and Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
Resource investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
Investors following mining stocks can purchase the directory in a PDF format with hyperlinks to stocks symbol(s), company’s url and company’s description. The mining stocks directory page features a Paypal link and buy now button for easy online purchase.
Investors also have the option to access the directory as part of the Investor Ideas Membership premium content. The full directory is now available to Investor Ideas members as part of the annual membership that currently features an additional 8 stock directories and investor newsletter.
Gold Stocks News - Alamos Gold Inc. (TSX:AGI) Signs Agreement for the Purchase of Agi Dagi and Kirazli Gold Projects in Northwestern Turkey
Gold Stocks News - Alamos Gold Inc. (TSX:AGI) Signs Agreement for the Purchase of Agi Dagi and Kirazli Gold Projects in Northwestern Turkey
TORONTO, ONTARIO--- 12/09/09 - Alamos Gold Inc. (TSX:AGI) , Fronteer Development Group Inc.(TSX:FRG )(AMEX:FRG ), and Teck Resources Limited (TSX:TCK.B )(NYSE:TCK ) have signed a definitive share purchase agreement providing for Alamos to acquire 100% of the Agi Dagi and Kirazli gold projects through the purchase of certain Turkish subsidiaries held by Teck and Fronteer respectively.
This agreement replaces the memorandum of understanding signed by the parties on September 22, 2009. The transaction is subject to satisfaction of certain conditions precedent and is anticipated to close as early as December 17, 2009 and no later than January 31, 2010. Under the terms of the agreement, Alamos is to pay a total of US$40 million cash plus issue an aggregate of 4 million Alamos common shares on closing to Teck (as to 60%) and Fronteer (as to 40%) in total consideration for acquiring these two projects. The common shares will be issued on a private placement basis and will be subject to a four month hold period.
Agi Dagi and Kirazli are advanced-stage gold exploration projects that form part of the Biga Mineral District, a recently established gold-copper mineral district, which is located in the Biga Peninsula of northwestern Turkey. The Biga Mineral District features a growing number of high-sulfidation epithermal gold and associated porphyry copper-gold deposits, drawing comparisons to world-class districts such as Yanacocha, Pierina, and Alto Chicama in Peru. In addition to statutory compensation that may apply to the projects, a third party has a 2% Net Smelter Return Royalty on production from the Agi Dagi project.
About Alamos
Alamos is a Canadian-based gold producer with operations, exploration, and development activities in Mexico. The Company employs over 450 people in Mexico and is committed to the highest standards of environmental management, social responsibility, and health and safety for its employees and neighbouring communities. Alamos has over $170 million dollars on hand, is debt free, and unhedged to the price of gold. Alamos' common shares are traded on the Toronto Stock Exchange under the symbol "AGI".
Cautionary Note
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain "forward-looking statements". All statements other than statements of historical fact included in this release, including without limitation statements regarding forecast gold production, gold grades, recoveries, waste-to-ore ratios, total cash costs, potential mineralization and reserves, exploration results, and future plans and objectives of Alamos, are forward-looking statements that involve various risks and uncertainties. These forward-looking statements include, but are not limited to, statements with respect to mining and processing of mined ore, achieving projected recovery rates, anticipated production rates and mine life, operating efficiencies, costs and expenditures, changes in mineral resources and conversion of mineral resources to proven and probable reserves, and other information that is based on forecasts of future operational or financial results, estimates of amounts not yet determinable and assumptions of management.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements.
There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Alamos' expectations include, among others, risks related to international operations, the actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined as well as future prices of gold and silver, as well as those factors discussed in the section entitled "Risk Factors" in Alamos' Annual Information Form. Although Alamos has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Resource investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
Investors following mining stocks can purchase the directory in a PDF format with hyperlinks to stocks symbol(s), company’s url and company’s description. The mining stocks directory page features a Paypal link and buy now button for easy online purchase.
TORONTO, ONTARIO--- 12/09/09 - Alamos Gold Inc. (TSX:AGI) , Fronteer Development Group Inc.(TSX:FRG )(AMEX:FRG ), and Teck Resources Limited (TSX:TCK.B )(NYSE:TCK ) have signed a definitive share purchase agreement providing for Alamos to acquire 100% of the Agi Dagi and Kirazli gold projects through the purchase of certain Turkish subsidiaries held by Teck and Fronteer respectively.
This agreement replaces the memorandum of understanding signed by the parties on September 22, 2009. The transaction is subject to satisfaction of certain conditions precedent and is anticipated to close as early as December 17, 2009 and no later than January 31, 2010. Under the terms of the agreement, Alamos is to pay a total of US$40 million cash plus issue an aggregate of 4 million Alamos common shares on closing to Teck (as to 60%) and Fronteer (as to 40%) in total consideration for acquiring these two projects. The common shares will be issued on a private placement basis and will be subject to a four month hold period.
Agi Dagi and Kirazli are advanced-stage gold exploration projects that form part of the Biga Mineral District, a recently established gold-copper mineral district, which is located in the Biga Peninsula of northwestern Turkey. The Biga Mineral District features a growing number of high-sulfidation epithermal gold and associated porphyry copper-gold deposits, drawing comparisons to world-class districts such as Yanacocha, Pierina, and Alto Chicama in Peru. In addition to statutory compensation that may apply to the projects, a third party has a 2% Net Smelter Return Royalty on production from the Agi Dagi project.
About Alamos
Alamos is a Canadian-based gold producer with operations, exploration, and development activities in Mexico. The Company employs over 450 people in Mexico and is committed to the highest standards of environmental management, social responsibility, and health and safety for its employees and neighbouring communities. Alamos has over $170 million dollars on hand, is debt free, and unhedged to the price of gold. Alamos' common shares are traded on the Toronto Stock Exchange under the symbol "AGI".
Cautionary Note
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain "forward-looking statements". All statements other than statements of historical fact included in this release, including without limitation statements regarding forecast gold production, gold grades, recoveries, waste-to-ore ratios, total cash costs, potential mineralization and reserves, exploration results, and future plans and objectives of Alamos, are forward-looking statements that involve various risks and uncertainties. These forward-looking statements include, but are not limited to, statements with respect to mining and processing of mined ore, achieving projected recovery rates, anticipated production rates and mine life, operating efficiencies, costs and expenditures, changes in mineral resources and conversion of mineral resources to proven and probable reserves, and other information that is based on forecasts of future operational or financial results, estimates of amounts not yet determinable and assumptions of management.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements.
There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Alamos' expectations include, among others, risks related to international operations, the actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined as well as future prices of gold and silver, as well as those factors discussed in the section entitled "Risk Factors" in Alamos' Annual Information Form. Although Alamos has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Resource investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
Investors following mining stocks can purchase the directory in a PDF format with hyperlinks to stocks symbol(s), company’s url and company’s description. The mining stocks directory page features a Paypal link and buy now button for easy online purchase.
Tuesday, December 01, 2009
Mining Stocks and Gold Stocks Sector Close-Up; Gold Investors See New Highs
Mining Stocks and Gold Stocks Sector Close-Up; Gold Investors See New Highs
Gold Stocks on the Run; (NYSE: AEM), (NYSE: AU),( AMEX: EGO), (NYSE: ABX), (NYSE: KGC)
POINT ROBERTS, WA and DELTA, BC – December 1 , 2009, www.InvestorIdeas.com, and its mining stocks portals updates investors following gold and mining stocks with a sector close-up of leading stocks for December 1, 2009 as gold prices find new highs and reaches the $1200 mark.
Gold/Mining Stocks Sector Close – Up
Trading December 1, 2009
AGNICO EAGLE MINES (NYSE: AEM) trading at $ 65.94, up $ 3.28 (5.23%) 11:57am ET
ANGLOGOLD ASHANTI LT (NYSE: AU) trading at $ 46.61, up $ 2.57 (5.84%)
BARRICK GOLD CP (NYSE: ABX) trading at $45.83, up $ 3.14 (7.36%) 11:59am ET
ELDORADO GOLD CORP (AMEX: EGO) trading at $13.96, up $ 0.72 (5.44%) 11:59am ET
GOLDCORP INC (NYSE: GG) trading up at $44.47, up $ 2.47 (5.88%) 12:01pm ET
KINROSS GOLD CP (NYSE: KGC) trading at $21.27,up $ 1.25 (6.24%) 12:02pm ET
NEW GOLD INC (AMEX: NGD) trading at $ 3.73, up $ 0.15 (4.19%) 12:03PM ET
NEWMONT MINING CP (NYSE: NEM) trading at $ 56.10, up $ 2.46 (4.59%) 12:04pm ET
About our Mining Portals:
http://www.gold-miningstocks.com/ and http://www.miningsectorstocks.com/, portals within the InvestorIdeas.com® content umbrella, feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector. Industry participants are invited to submit news, articles and research.
Investorideas.com mining stocks directory currently features an estimated 1000 mining stocks for investors to research. The directory is also updated weekly and monthly as we source new companies in the sector.
Mining and metals investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading global Stock Exchanges.
Investors following mining stocks can purchase the directory in a PDF format with hyperlinks to stocks symbol(s), company’s URL and company’s description. The mining stocks directory page features a Paypal link and buy now button for easy online purchase.
Investors also have the option to access the directory as part of the Investor Ideas Membership premium content. The full directory is now available to Investor Ideas members as part of the annual membership that currently features an additional 8 stock directories and investor newsletter.
Investorideas.com has created some of the most comprehensive online stock directories for investors in leading sectors. The renewable energy stocks directory has an estimated 1000 stocks and the oil and gas stock directories has over 500 stocks.
Members can now access by login the Mining stocks directory, oil and gas stocks directory , Natural Gas Stocks Directory , Water Stocks Directory, Renewable energy stocks directory, Biotech Stocks Directory, Defense and Homeland Security Stocks Directory, Fuel cell stocks Directory, Environment Stocks Directory and the investor newsletter- The Insiders Corner, covering insider buying trends in small cap stocks.
Investors are also reminded to sign up for the launch of the new free investor newsletter – the next great investor idea! Investors can sign up for the new free newsletter on the pop- up box on the home page of http://www.investorideas.com/ or the newsletter sign up page.
Mining Stocks – Reach investors following mining stocks at Investorideas.com:
Submit Mining and Gold Stock News
Mining Stocks Investor Awareness Programs
About InvestorIdeas.com:
InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Disclaimer: Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising.
For more information contact:
Dawn Van Zant: 800-665-0411 - dvanzant@investorideas.com or cvanzant@investorideas.com
Gold Stocks on the Run; (NYSE: AEM), (NYSE: AU),( AMEX: EGO), (NYSE: ABX), (NYSE: KGC)
POINT ROBERTS, WA and DELTA, BC – December 1 , 2009, www.InvestorIdeas.com, and its mining stocks portals updates investors following gold and mining stocks with a sector close-up of leading stocks for December 1, 2009 as gold prices find new highs and reaches the $1200 mark.
Gold/Mining Stocks Sector Close – Up
Trading December 1, 2009
AGNICO EAGLE MINES (NYSE: AEM) trading at $ 65.94, up $ 3.28 (5.23%) 11:57am ET
ANGLOGOLD ASHANTI LT (NYSE: AU) trading at $ 46.61, up $ 2.57 (5.84%)
BARRICK GOLD CP (NYSE: ABX) trading at $45.83, up $ 3.14 (7.36%) 11:59am ET
ELDORADO GOLD CORP (AMEX: EGO) trading at $13.96, up $ 0.72 (5.44%) 11:59am ET
GOLDCORP INC (NYSE: GG) trading up at $44.47, up $ 2.47 (5.88%) 12:01pm ET
KINROSS GOLD CP (NYSE: KGC) trading at $21.27,up $ 1.25 (6.24%) 12:02pm ET
NEW GOLD INC (AMEX: NGD) trading at $ 3.73, up $ 0.15 (4.19%) 12:03PM ET
NEWMONT MINING CP (NYSE: NEM) trading at $ 56.10, up $ 2.46 (4.59%) 12:04pm ET
About our Mining Portals:
http://www.gold-miningstocks.com/ and http://www.miningsectorstocks.com/, portals within the InvestorIdeas.com® content umbrella, feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector. Industry participants are invited to submit news, articles and research.
Investorideas.com mining stocks directory currently features an estimated 1000 mining stocks for investors to research. The directory is also updated weekly and monthly as we source new companies in the sector.
Mining and metals investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading global Stock Exchanges.
Investors following mining stocks can purchase the directory in a PDF format with hyperlinks to stocks symbol(s), company’s URL and company’s description. The mining stocks directory page features a Paypal link and buy now button for easy online purchase.
Investors also have the option to access the directory as part of the Investor Ideas Membership premium content. The full directory is now available to Investor Ideas members as part of the annual membership that currently features an additional 8 stock directories and investor newsletter.
Investorideas.com has created some of the most comprehensive online stock directories for investors in leading sectors. The renewable energy stocks directory has an estimated 1000 stocks and the oil and gas stock directories has over 500 stocks.
Members can now access by login the Mining stocks directory, oil and gas stocks directory , Natural Gas Stocks Directory , Water Stocks Directory, Renewable energy stocks directory, Biotech Stocks Directory, Defense and Homeland Security Stocks Directory, Fuel cell stocks Directory, Environment Stocks Directory and the investor newsletter- The Insiders Corner, covering insider buying trends in small cap stocks.
Investors are also reminded to sign up for the launch of the new free investor newsletter – the next great investor idea! Investors can sign up for the new free newsletter on the pop- up box on the home page of http://www.investorideas.com/ or the newsletter sign up page.
Mining Stocks – Reach investors following mining stocks at Investorideas.com:
Submit Mining and Gold Stock News
Mining Stocks Investor Awareness Programs
About InvestorIdeas.com:
InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Disclaimer: Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising.
For more information contact:
Dawn Van Zant: 800-665-0411 - dvanzant@investorideas.com or cvanzant@investorideas.com
Monday, November 30, 2009
Kiska Reports Additional Results From Island Mountain Gold Discovery, Whistler Project, Alaska
Kiska Reports Additional Results From Island Mountain Gold Discovery, Whistler Project, Alaska
VANCOUVER, BRITISH COLUMBIA--- Nov. 30, 2009 - Kiska Metals Corporation (TSX VENTURE:KSK) ("Kiska") is pleased to report copper and silver results from the recently announced gold discovery at the Island Mountain target, located approximately 23 kilometres south of the Whistler deposit. As reported November 2, 2009 (KSKPR09-06), the first of five holes completed in the 2009 drilling program on the Whistler Project returned 0.68 g/t gold over 382.9 metres, including an upper copper and silver-bearing interval and a lower gold-only intersection. The upper interval of 150.0 metres in drilled length averaged 0.72 g/t gold (previously reported), 2.37 g/t silver and 0.16% copper (1.06 g/t gold equivalent). A second interval averaged 1.22 g/t gold (previously reported), 0.69 g/t silver and 0.05% copper over the bottom 106.9 metres of the drill hole. Island Mountain represents a porphyry target distinct from the Whistler deposit which hosts a NI43-101 compliant indicated resource of 1.31 million ounces gold-equivalent and an inferred resource of 4.44 million ounces gold-equivalent (see Appendix 1 for details).
"We are very encouraged by the discovery at Island Mountain," stated Mark Baknes, Vice President of Exploration for Kiska Metals. "The hole ended in a significant stretch of mineralization with surficial and magnetics data indicating further potential both at depth and laterally. We very excited about follow up drilling at Island Mountain next year."
The upper gold bearing intersection in IM09-001 (150.0 metres averaging 0.72 g/t gold, 2.37 g/t silver and 0.16% copper) corresponds to a breccia targeted on surface, consisting of an actinolite-magnetite-altered hydrothermal breccia with pyrrhotite-pyrite-chalcopyrite. The deeper gold-bearing zone (106.9 metres averaging 1.22 g/t gold), from 280.0 to the 386.9 metres (end of hole) consists of pyrrhotite veins and vein halos of net textured pyrrhotite surrounding veins. Average metal content over the entire hole for molybdenum (75% of samples below analytical detection), lead (26 ppm) and zinc (135 ppm) is low as are deleterious elements arsenic (57 ppm) and antimony (below analytical detection).
Island Mountain consists of Whistler-equivalent intrusive rocks, anomalous copper and gold rock and soil geoachemistry and associated gossans covering a 2.5 by 4.0 kilometre area. The discovery hole targeted a 150 metre diameter exposure of hydrothermal breccia at the southern end of Island Mountain where surface rock samples have returned values up to 1.19 g/t gold, 5.2 g/t silver and 0.2% copper. Similar gold and copper bearing breccias are noted 600 metres northeast and 500 metres southeast of the discovery hole and reconnaissance soil sampling extending 1.6 kilometres to the northeast from this hole is strongly anomalous in copper and gold. A second Island Mountain hole (IM09-002) was completed 1.7 kilometres to the north of the first hole. This hole targeted a broad zone of weak to moderate biotite altered monzonite porphyry and disseminated chalcopyrite, returning 0.13 g/t gold over 202.3 metres. Although anomalous in gold over its entire length, the hole was lost due to technical reasons prior to reaching target depth.
Island Mountain Diamond Drilling
IM09-001: Azimuth 085, Dip -50, Total Depth 386.9 m
From (m)
To (m)
Length (m)
Gold (g/t)1
Silver (g/t)
Copper (%)
Gold Eq. (g/t)2
4
386.9*
382.9
0.68
1.4
0.10
0.88
Including
44
194
150
0.72
2.37
0.16
1.06
Including
44
120
76
0.63
3.55
0.20
1.07
and
280
386.9*
106.9
1.22
0.69
0.05
1.32
IM09-002: Azimuth 135, Dip -60, Total Depth 214.3 m
11.9
214.3*
202.4
0.13
0.18
0.05
0.24
* End of Hole1 Previously reported2 Gold equivalent calculations based on full recoveries and $550 per ounce gold, $8 per ounce silver and $1.50 per pound copper.
A total of five holes were completed in the current program. The three remaining holes, for which any assay results have yet to be received, targeted the Lightning, Digger and Raintree West targets, all of which are in the Whistler Corridor (see Kiska website for a plan map outlining the location of these holes). A 2008 hole at Raintree West, located 1.5 kilometres east of the Whistler Deposit, returned 160 metres averaging 0.59g/t gold, 6.02g/t silver, 0.10% copper, 0.20% lead and 0.46% zinc. Results from the remaining three holes are expected to be released in early December.
A further 15 holes are planned to test regional targets in the Whistler corridor as part of a spring 2010 program. These holes will be targeted on the basis of an Induced Polarization ("IP") geophysical survey as well as geological mapping, geochemistry and previously collected airborne magnetic data. This work is conducted under an agreement with Kennecott Exploration Inc.to identify and drill test the multiple targets found property-wide Kennecott has the right to obtain a 51% interest in the project by refunding 200% of the exploration expenditures incurred by Kiska and its predecessors (an estimated $25 million payment) and by advancing the project to a positive prefeasibility study. Kennecott can obtain an additional 9% interest by advancing the project to a production decision.
Induced Polarization Survey UpdateKiska has finished groundwork at Whistler for the 2009 field season. In addition to drilling, Kiska was conducting a large 3D and 2D IP survey of up to 340 line kilometers. The 2D portion of the survey was finished in September whereas approximately 80% of the 3D survey was completed prior to shutting the program down due to frozen ground conditions that made the collection of high quality data difficult. IP geophysics is an electrical geophysical technique well suited in detecting sub-surface sulphide minerals such as copper-bearing chalcopyrite – a mineral closely associated with gold on the property.
About Kiska Metals Corp.Kiska Metals Corporation is a mineral exploration company with renowned technical expertise and sizable exploration portfolio containing the multi-million ounce Whistler gold deposit, numerous exciting early stage exploration opportunities around the world and partnerships with some of the world's largest and most successful gold and base metal producers. Kiska resulted from the merger of Rimfire Minerals Corporation and Geoinformatics Exploration in August 2009.
Qualified Person StatementThe content of this release has been reviewed and approved by Mark Baknes P. Geo., Vice President of Exploration of Kiska Metals Corporation. Mr. Baknes is a Qualified Person as defined under the terms of National Instrument 43-101. All drill core samples were analysed at Alaska Assay Laboratories in Fairbanks, Alaska.
On behalf of Kiska Metals Corporation
Jason Weber, P.Geo., President & CEO
CAUTIONARY STATEMENT: This News Release includes certain "forward-looking statements". Other than statements of historical fact, all statements included in this release, including, without limitation, statements regarding future plans and objectives of Kiska Metals Corporation, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Kiska's expectations are the risks detailed herein and from time to time in the filings made by Kiska Metals Corporation with securities regulators. Those filings can be found on the Internet at http://www.sedar.com and http://www.sec.gov/edgar/searchedgar/webusers.htm.
APPENDIX 1. Mineral Resource Statement for the Whistler Gold Deposit, Alaska Prepared by SRK Consulting (Canada) Inc February 2008.
Tonnes and Grades
Total Contained Metal
Resource Category
Tonnage (Mt)
Gold (g/t)
Silver (g/t)
Copper (%)
Gold Eq3g/t
Gold (Moz)
Silver (Moz)
Copper (Mlb)
Gold Eq3(Moz)
Indicated (open-pit1)
30
0.87
2.46
0.24
1.35
0.84
2.37
159
1.31
Total Indicated
30
0.87
2.46
0.24
1.35
0.84
2.37
159
1.31
Inferred (open-pit1)
123
0.59
2.07
0.19
0.98
2.33
8.19
515
3.86
Inferred (underground2)
11
1.16
3.55
0.24
1.66
0.41
1.26
58
0.59
Total Inferred4
134
0.64
2.18
0.20
1.05
2.74
9.44
573
4.44
1. Reported within a conceptual pit shell and based at a cut-off grade of 0.3 g/t gold equivalent adjusted for metallurgical recovery.2. Reported based on an underground bulk mining method using a cut-off grade of 1.1 g/t gold equivalent adjusted for metallurgical recovery;3. Total grade and Total Contained Metal gold equivalent grade and ounces estimated based on equal full recoveries, $550 per ounce gold, $8 per ounce silver and $1.50 per pound of copper;4. Totals may vary due to rounding.
KSKPR09-08
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
For more information, please contactKiska Metals Corporation
Investorideas.com mining stocks directory currently features an estimated 1000 mining stocks for investors to research. The directory is also updated weekly and monthly as we source new companies in the sector.
Mining and metals investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading global Stock Exchanges.
Investors following mining stocks can purchase the directory in a PDF format with hyperlinks to stocks symbol(s), company’s URL and company’s description. The mining stocks directory page features a Paypal link and buy now button for easy online purchase.
VANCOUVER, BRITISH COLUMBIA--- Nov. 30, 2009 - Kiska Metals Corporation (TSX VENTURE:KSK) ("Kiska") is pleased to report copper and silver results from the recently announced gold discovery at the Island Mountain target, located approximately 23 kilometres south of the Whistler deposit. As reported November 2, 2009 (KSKPR09-06), the first of five holes completed in the 2009 drilling program on the Whistler Project returned 0.68 g/t gold over 382.9 metres, including an upper copper and silver-bearing interval and a lower gold-only intersection. The upper interval of 150.0 metres in drilled length averaged 0.72 g/t gold (previously reported), 2.37 g/t silver and 0.16% copper (1.06 g/t gold equivalent). A second interval averaged 1.22 g/t gold (previously reported), 0.69 g/t silver and 0.05% copper over the bottom 106.9 metres of the drill hole. Island Mountain represents a porphyry target distinct from the Whistler deposit which hosts a NI43-101 compliant indicated resource of 1.31 million ounces gold-equivalent and an inferred resource of 4.44 million ounces gold-equivalent (see Appendix 1 for details).
"We are very encouraged by the discovery at Island Mountain," stated Mark Baknes, Vice President of Exploration for Kiska Metals. "The hole ended in a significant stretch of mineralization with surficial and magnetics data indicating further potential both at depth and laterally. We very excited about follow up drilling at Island Mountain next year."
The upper gold bearing intersection in IM09-001 (150.0 metres averaging 0.72 g/t gold, 2.37 g/t silver and 0.16% copper) corresponds to a breccia targeted on surface, consisting of an actinolite-magnetite-altered hydrothermal breccia with pyrrhotite-pyrite-chalcopyrite. The deeper gold-bearing zone (106.9 metres averaging 1.22 g/t gold), from 280.0 to the 386.9 metres (end of hole) consists of pyrrhotite veins and vein halos of net textured pyrrhotite surrounding veins. Average metal content over the entire hole for molybdenum (75% of samples below analytical detection), lead (26 ppm) and zinc (135 ppm) is low as are deleterious elements arsenic (57 ppm) and antimony (below analytical detection).
Island Mountain consists of Whistler-equivalent intrusive rocks, anomalous copper and gold rock and soil geoachemistry and associated gossans covering a 2.5 by 4.0 kilometre area. The discovery hole targeted a 150 metre diameter exposure of hydrothermal breccia at the southern end of Island Mountain where surface rock samples have returned values up to 1.19 g/t gold, 5.2 g/t silver and 0.2% copper. Similar gold and copper bearing breccias are noted 600 metres northeast and 500 metres southeast of the discovery hole and reconnaissance soil sampling extending 1.6 kilometres to the northeast from this hole is strongly anomalous in copper and gold. A second Island Mountain hole (IM09-002) was completed 1.7 kilometres to the north of the first hole. This hole targeted a broad zone of weak to moderate biotite altered monzonite porphyry and disseminated chalcopyrite, returning 0.13 g/t gold over 202.3 metres. Although anomalous in gold over its entire length, the hole was lost due to technical reasons prior to reaching target depth.
Island Mountain Diamond Drilling
IM09-001: Azimuth 085, Dip -50, Total Depth 386.9 m
From (m)
To (m)
Length (m)
Gold (g/t)1
Silver (g/t)
Copper (%)
Gold Eq. (g/t)2
4
386.9*
382.9
0.68
1.4
0.10
0.88
Including
44
194
150
0.72
2.37
0.16
1.06
Including
44
120
76
0.63
3.55
0.20
1.07
and
280
386.9*
106.9
1.22
0.69
0.05
1.32
IM09-002: Azimuth 135, Dip -60, Total Depth 214.3 m
11.9
214.3*
202.4
0.13
0.18
0.05
0.24
* End of Hole1 Previously reported2 Gold equivalent calculations based on full recoveries and $550 per ounce gold, $8 per ounce silver and $1.50 per pound copper.
A total of five holes were completed in the current program. The three remaining holes, for which any assay results have yet to be received, targeted the Lightning, Digger and Raintree West targets, all of which are in the Whistler Corridor (see Kiska website for a plan map outlining the location of these holes). A 2008 hole at Raintree West, located 1.5 kilometres east of the Whistler Deposit, returned 160 metres averaging 0.59g/t gold, 6.02g/t silver, 0.10% copper, 0.20% lead and 0.46% zinc. Results from the remaining three holes are expected to be released in early December.
A further 15 holes are planned to test regional targets in the Whistler corridor as part of a spring 2010 program. These holes will be targeted on the basis of an Induced Polarization ("IP") geophysical survey as well as geological mapping, geochemistry and previously collected airborne magnetic data. This work is conducted under an agreement with Kennecott Exploration Inc.to identify and drill test the multiple targets found property-wide Kennecott has the right to obtain a 51% interest in the project by refunding 200% of the exploration expenditures incurred by Kiska and its predecessors (an estimated $25 million payment) and by advancing the project to a positive prefeasibility study. Kennecott can obtain an additional 9% interest by advancing the project to a production decision.
Induced Polarization Survey UpdateKiska has finished groundwork at Whistler for the 2009 field season. In addition to drilling, Kiska was conducting a large 3D and 2D IP survey of up to 340 line kilometers. The 2D portion of the survey was finished in September whereas approximately 80% of the 3D survey was completed prior to shutting the program down due to frozen ground conditions that made the collection of high quality data difficult. IP geophysics is an electrical geophysical technique well suited in detecting sub-surface sulphide minerals such as copper-bearing chalcopyrite – a mineral closely associated with gold on the property.
About Kiska Metals Corp.Kiska Metals Corporation is a mineral exploration company with renowned technical expertise and sizable exploration portfolio containing the multi-million ounce Whistler gold deposit, numerous exciting early stage exploration opportunities around the world and partnerships with some of the world's largest and most successful gold and base metal producers. Kiska resulted from the merger of Rimfire Minerals Corporation and Geoinformatics Exploration in August 2009.
Qualified Person StatementThe content of this release has been reviewed and approved by Mark Baknes P. Geo., Vice President of Exploration of Kiska Metals Corporation. Mr. Baknes is a Qualified Person as defined under the terms of National Instrument 43-101. All drill core samples were analysed at Alaska Assay Laboratories in Fairbanks, Alaska.
On behalf of Kiska Metals Corporation
Jason Weber, P.Geo., President & CEO
CAUTIONARY STATEMENT: This News Release includes certain "forward-looking statements". Other than statements of historical fact, all statements included in this release, including, without limitation, statements regarding future plans and objectives of Kiska Metals Corporation, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Kiska's expectations are the risks detailed herein and from time to time in the filings made by Kiska Metals Corporation with securities regulators. Those filings can be found on the Internet at http://www.sedar.com and http://www.sec.gov/edgar/searchedgar/webusers.htm.
APPENDIX 1. Mineral Resource Statement for the Whistler Gold Deposit, Alaska Prepared by SRK Consulting (Canada) Inc February 2008.
Tonnes and Grades
Total Contained Metal
Resource Category
Tonnage (Mt)
Gold (g/t)
Silver (g/t)
Copper (%)
Gold Eq3g/t
Gold (Moz)
Silver (Moz)
Copper (Mlb)
Gold Eq3(Moz)
Indicated (open-pit1)
30
0.87
2.46
0.24
1.35
0.84
2.37
159
1.31
Total Indicated
30
0.87
2.46
0.24
1.35
0.84
2.37
159
1.31
Inferred (open-pit1)
123
0.59
2.07
0.19
0.98
2.33
8.19
515
3.86
Inferred (underground2)
11
1.16
3.55
0.24
1.66
0.41
1.26
58
0.59
Total Inferred4
134
0.64
2.18
0.20
1.05
2.74
9.44
573
4.44
1. Reported within a conceptual pit shell and based at a cut-off grade of 0.3 g/t gold equivalent adjusted for metallurgical recovery.2. Reported based on an underground bulk mining method using a cut-off grade of 1.1 g/t gold equivalent adjusted for metallurgical recovery;3. Total grade and Total Contained Metal gold equivalent grade and ounces estimated based on equal full recoveries, $550 per ounce gold, $8 per ounce silver and $1.50 per pound of copper;4. Totals may vary due to rounding.
KSKPR09-08
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
For more information, please contactKiska Metals Corporation
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ATAC Resources Ltd. Announces Closing of Private Placements Totalling $9,152,500
ATAC Resources Ltd. Announces Closing of Private Placements Totalling $9,152,500
VANCOUVER, BRITISH COLUMBIA-- Nov. 30, 2009 -
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
ATAC Resources Ltd. ("ATAC" or the "Company") (TSX VENTURE:ATC) is pleased to announce the closing of the following private placements, as originally announced by News Release dated November 5, 2009, as amended by News Release dated November 9, 2009:
(a) a 7,725,000 unit private placement at $0.90 per unit, for gross proceeds of $6,952,500, with each unit consisting of one common share and one-half (1/2) of one share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share at a price of $1.25 until November 26, 2011, provided that, in the event the closing price of ATAC's shares as traded on the TSX Venture Exchange is $1.40 or greater for 10 consecutive trading days, ATAC may give notice of an earlier expiry of the warrants, in which case they would expire 30 calendar days from the giving of such notice; and
(b) a 2,000,000 flow-through share private placement at a price of $1.10 per share, for gross proceeds of $2,200,000.
In connection with the closing of these private placements, ATAC has issued the following securities in payment of finders' fees:
(a) 213,887 finders' units, each consisting of the same securities as the units comprising the 7,725,000 unit private placement disclosed above; and
(b) 429,305 finders' warrants, each entitling the holder to purchase one common share at a price of $0.95 until November 26, 2011, subject to the same potential earlier expiry applicable to the warrants comprising a part of the 7,725,000 unit private placement disclosed above.
All of the securities issued in connection with the closing of these private placements, including the securities issued in payment of finders' fees, are subject to a hold period in Canada until March 27, 2010.
ATAC is a well-funded junior mining company focused on gold. For additional information concerning ATAC Resources Ltd. or its various exploration projects please visit ATAC's website at www.atacresources.com.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For more information, please contact
ATAC Resources Ltd.Graham DownsCEO 604-687-2522 604-687-2522
graham@nordacres.comwww.atacresources.com
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VANCOUVER, BRITISH COLUMBIA-- Nov. 30, 2009 -
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
ATAC Resources Ltd. ("ATAC" or the "Company") (TSX VENTURE:ATC) is pleased to announce the closing of the following private placements, as originally announced by News Release dated November 5, 2009, as amended by News Release dated November 9, 2009:
(a) a 7,725,000 unit private placement at $0.90 per unit, for gross proceeds of $6,952,500, with each unit consisting of one common share and one-half (1/2) of one share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share at a price of $1.25 until November 26, 2011, provided that, in the event the closing price of ATAC's shares as traded on the TSX Venture Exchange is $1.40 or greater for 10 consecutive trading days, ATAC may give notice of an earlier expiry of the warrants, in which case they would expire 30 calendar days from the giving of such notice; and
(b) a 2,000,000 flow-through share private placement at a price of $1.10 per share, for gross proceeds of $2,200,000.
In connection with the closing of these private placements, ATAC has issued the following securities in payment of finders' fees:
(a) 213,887 finders' units, each consisting of the same securities as the units comprising the 7,725,000 unit private placement disclosed above; and
(b) 429,305 finders' warrants, each entitling the holder to purchase one common share at a price of $0.95 until November 26, 2011, subject to the same potential earlier expiry applicable to the warrants comprising a part of the 7,725,000 unit private placement disclosed above.
All of the securities issued in connection with the closing of these private placements, including the securities issued in payment of finders' fees, are subject to a hold period in Canada until March 27, 2010.
ATAC is a well-funded junior mining company focused on gold. For additional information concerning ATAC Resources Ltd. or its various exploration projects please visit ATAC's website at www.atacresources.com.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For more information, please contact
ATAC Resources Ltd.Graham DownsCEO 604-687-2522 604-687-2522
graham@nordacres.comwww.atacresources.com
Investorideas.com mining stocks directory currently features an estimated 1000 mining stocks for investors to research. The directory is also updated weekly and monthly as we source new companies in the sector.
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Golden Goliath Samples 78.1 gm/tonne Gold & 204 gm/tonne Silver
Golden Goliath (TSX VENTURE:GNG) Samples 78.1 gm/tonne Gold & 204 gm/tonne Silver
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 30, 2009) - Golden Goliath Resources Ltd. (TSX VENTURE:GNG)(PINK SHEETS:GGTH-F)
The Company continued exploration efforts include additional sampling and prospecting in and around the Los Hilos ridge. This area is in the eastern portion of the Las Bolas property, about 1,100 metres from the entrance to the Las Bolas tunnel, and has been traced over a length of 1,400 metres with a width between 200 to 400 metres. Disseminated gold and silver mineralization has been found in a zone subparallel to the Los Hilos ridge called Filo De Oro. This large north northwesterly trending structure intersects the three main Las Bolas trends resulting in dilation and higher gold precipitation. The fact that Golden Goliath is finding high grade mineralization surrounded by lower grade material supports this concept and enhances the overall potential of the Las Bolas property. The Company is currently focused on detailed geological and structural mapping in order to better understand the controls on mineralization and assist in the selection of future drill sites.
The Company is pleased to announce that higher grade gold and silver assays have been received from the Los Hilos ridge area of the Las bolas property. Several old workings have been identified within the Los Hilos ridge and they occur over a vertical interval of 105 metres. The Filo de Oro is a disseminated gold and silver target zone running along the crest of the ridge. The new samples come from an old exploration pit on the west side of the ridge, about 150 metres west of the Filo de Oro trend (see section below). The high gold grade mineralization is hosted in structures trending 70 degrees azimuth cross cut by structures with 330 degrees azimuth. These high grade structures are surrounded by a low grade bulk-tonnage target at Filo de Oro.
The contiguous samples were taken two metres apart across a fracture system structure within an intensely silicified rhyodacite breccia. The results are shown in the table below.
Sample Goldgram/tonne Silvergram/tonne Width(metre) AverageWidth(m) AverageGoldgram/tonne AverageSilvergram/tonne 808007 4.21 122 0.55 1.5 5.81 130.9 808008 6.74 136 0.95 808009 78.1 204 0.5 1.6 24.70 84.4 808010 0.43 30 1.1
At the south end of the Los Hilos Ridge there is a small internal claim (400 metres by 700 metres), completely surrounded by Golden Goliath claims, that the Company could not acquire due to title issues. This claim went into the Mexican "lottery system" and the winner was Penoles' sister company, Fresnillo, which has an exciting new discovery located only a few kilometers from Las Bolas called Orisyvo, a 2.8 million ounces gold resource according to Fresnillo Mining's website (http://www.mineweb.net/mineweb/view/mineweb/en/page67?oid=82938&sn=Detail). In spite of the fact that the internal claim is much too small to develop on its own, the Golden Goliath field crew has seen a helicopter setting out sampling crews on this small piece of ground. The Company's own sampling done in this area prior to the lottery showed that there are gold bearing structures that run through it and onto Golden Goliath ground on both sides. The Company plans to extend the Los Hilos Ridge and Filo De Oro sampling to the south to cover this area.
The Company is very pleased with the continuing results and is integrating this new gold/silver zone with detailed surface and underground mapping to further test the Los Hilos ridge and the Filo de Oro target in the next phase of drilling.
About Golden GoliathGolden Goliath Resources Ltd. is a junior exploration company listed on the TSX Venture Exchange (symbol GNG). The Qualified Person who has reviewed this release is J. Paul Sorbara M.Sc., P.Geo. The Company is focused on exploring and developing the gold and silver potential of an historic mining camp located in the world famous Sierra Madre Occidental Mountains of northwestern Mexico. Golden Goliath's Uruachic claims are owned 100% by the Company and are fully paid for with no property option or purchase payments to make.
Note:
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
For more information, please contact
Golden Goliath Resources Ltd.J. Paul Sorbara, M.Sc., P.GeoPresident & CEO +1(604)-682-2950 +1(604)-682-2950+1(604)-685-3764 (FAX)jps@goldengoliath.comwww.goldengoliath.com
Investorideas.com mining stocks directory currently features an estimated 1000 mining stocks for investors to research. The directory is also updated weekly and monthly as we source new companies in the sector.
Mining and metals investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading global Stock Exchanges.
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 30, 2009) - Golden Goliath Resources Ltd. (TSX VENTURE:GNG)(PINK SHEETS:GGTH-F)
The Company continued exploration efforts include additional sampling and prospecting in and around the Los Hilos ridge. This area is in the eastern portion of the Las Bolas property, about 1,100 metres from the entrance to the Las Bolas tunnel, and has been traced over a length of 1,400 metres with a width between 200 to 400 metres. Disseminated gold and silver mineralization has been found in a zone subparallel to the Los Hilos ridge called Filo De Oro. This large north northwesterly trending structure intersects the three main Las Bolas trends resulting in dilation and higher gold precipitation. The fact that Golden Goliath is finding high grade mineralization surrounded by lower grade material supports this concept and enhances the overall potential of the Las Bolas property. The Company is currently focused on detailed geological and structural mapping in order to better understand the controls on mineralization and assist in the selection of future drill sites.
The Company is pleased to announce that higher grade gold and silver assays have been received from the Los Hilos ridge area of the Las bolas property. Several old workings have been identified within the Los Hilos ridge and they occur over a vertical interval of 105 metres. The Filo de Oro is a disseminated gold and silver target zone running along the crest of the ridge. The new samples come from an old exploration pit on the west side of the ridge, about 150 metres west of the Filo de Oro trend (see section below). The high gold grade mineralization is hosted in structures trending 70 degrees azimuth cross cut by structures with 330 degrees azimuth. These high grade structures are surrounded by a low grade bulk-tonnage target at Filo de Oro.
The contiguous samples were taken two metres apart across a fracture system structure within an intensely silicified rhyodacite breccia. The results are shown in the table below.
Sample Goldgram/tonne Silvergram/tonne Width(metre) AverageWidth(m) AverageGoldgram/tonne AverageSilvergram/tonne 808007 4.21 122 0.55 1.5 5.81 130.9 808008 6.74 136 0.95 808009 78.1 204 0.5 1.6 24.70 84.4 808010 0.43 30 1.1
At the south end of the Los Hilos Ridge there is a small internal claim (400 metres by 700 metres), completely surrounded by Golden Goliath claims, that the Company could not acquire due to title issues. This claim went into the Mexican "lottery system" and the winner was Penoles' sister company, Fresnillo, which has an exciting new discovery located only a few kilometers from Las Bolas called Orisyvo, a 2.8 million ounces gold resource according to Fresnillo Mining's website (http://www.mineweb.net/mineweb/view/mineweb/en/page67?oid=82938&sn=Detail). In spite of the fact that the internal claim is much too small to develop on its own, the Golden Goliath field crew has seen a helicopter setting out sampling crews on this small piece of ground. The Company's own sampling done in this area prior to the lottery showed that there are gold bearing structures that run through it and onto Golden Goliath ground on both sides. The Company plans to extend the Los Hilos Ridge and Filo De Oro sampling to the south to cover this area.
The Company is very pleased with the continuing results and is integrating this new gold/silver zone with detailed surface and underground mapping to further test the Los Hilos ridge and the Filo de Oro target in the next phase of drilling.
About Golden GoliathGolden Goliath Resources Ltd. is a junior exploration company listed on the TSX Venture Exchange (symbol GNG). The Qualified Person who has reviewed this release is J. Paul Sorbara M.Sc., P.Geo. The Company is focused on exploring and developing the gold and silver potential of an historic mining camp located in the world famous Sierra Madre Occidental Mountains of northwestern Mexico. Golden Goliath's Uruachic claims are owned 100% by the Company and are fully paid for with no property option or purchase payments to make.
Note:
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
For more information, please contact
Golden Goliath Resources Ltd.J. Paul Sorbara, M.Sc., P.GeoPresident & CEO +1(604)-682-2950 +1(604)-682-2950+1(604)-685-3764 (FAX)jps@goldengoliath.comwww.goldengoliath.com
Investorideas.com mining stocks directory currently features an estimated 1000 mining stocks for investors to research. The directory is also updated weekly and monthly as we source new companies in the sector.
Mining and metals investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading global Stock Exchanges.
Investors following mining stocks can purchase the directory in a PDF format with hyperlinks to stocks symbol(s), company’s URL and company’s description. The mining stocks directory page features a Paypal link and buy now button for easy online purchase.
Investors also have the option to access the directory as part of the Investor Ideas Membership premium content. The full directory is now available to Investor Ideas members as part of the annual membership that currently features an additional 8 stock directories and investor newsletter.
Mining Stocks News - Khan (TSX:KRI) Acquires 18% Stake in Macusani Yellowcake Inc.
Mining Stocks News - Khan (TSX:KRI) Acquires 18% Stake in Macusani Yellowcake Inc.
TORONTO, ONTARIO - Nov. 30, 2009 - Khan Resources Inc. (TSX:KRI) ("Khan") today announced that it has entered into a binding subscription agreement and has closed its subscription for 10.0 million common shares of Macusani Yellowcake Inc. (TSX VENTURE:YEL) ("Macusani") at a subscription price of Cdn.$0.20 per share. The subscription was part of a larger private placement, announced today by Macusani, of 14.15 million Macusani common shares for aggregate proceeds of Cdn.$2.83 million. Macusani now has approximately 55.9 million common shares outstanding (70.0 million on a fully-diluted basis), providing Khan with an ownership interest of approximately 17.9% of the outstanding Macusani common shares (on a non-diluted basis). Under separate agreement, Khan will have the right to maintain its pro rata ownership of Macusani in certain subsequent treasury issues for a period of 2 1/2 years.
This transaction is unrelated to the announcement on November 27 that Atomredmetzoloto JSC ("ARMZ") intends to make an unsolicited offer to purchase all of the outstanding shares of Khan. The negotiations with Macusani have been underway for some time, and, coincidentally, the subscription was expected to close on November 27 but the closing was delayed until today as certain closing conditions not within Khan's control were not met until today. Khan's Board of Directors considered its obligations under the subscription agreement in light of the unexpected ARMZ announcement and determined that it remained in the best interests of Khan to proceed with the Macusani investment at this time.
Khan has acquired the Macusani shares for investment purposes and does not presently have any further intention to acquire ownership of, or control over, any additional securities of Macusani, subject to its pre-emptive right to acquire additional Macusani shares to maintain its 17.9% ownership level in certain circumstances. A copy of Khan's early warning report relating to the private placement and prepared in accordance with National Instrument 62-103 will be filed on SEDAR at www.sedar.com and may be obtained by contacting 416.360.3405 416.360.3405.
Macusani controls over 20,000 hectares (2,000 km2) of land located on the Macusani Plateau in the Puno District of southern Peru, which include several significant advanced stage exploration properties. In December 2008, Macusani announced indicated resources of 1.3 million lbs of U3O8 at a grade of 0.37 lbs of U3O8 per short ton and inferred resources of 9.8 million lbs of U3O8 at a grade of 0.38 lbs per short ton on its Colibri II and Colibri III properties. In June 2009, Macusani acquired the Corapachi and Kihitian Concessions, two highly prospective properties on the Plateau where higher grade U3O8 has been identified. Khan understands that Macusani has conducted an exploration program on these properties subsequent to their acquisition and it is in the process of preparing a National Instrument 43-101 compliant resource estimate for these concessions.
Martin Quick, President and CEO of Khan stated "We are delighted to acquire this position in Macusani and be able to participate in what looks to be an exciting new major uranium district that hosts substantial amounts of near surface uranium amenable to low cost mining and milling techniques. This investment in Macusani represents a further step in fulfilling Khan's growth objectives." Mr. Quick added that "It is unfortunate that the prospective value associated with Khan's newly acquired interest in Macusani is somewhat overshadowed by the unsolicited offer that was announced by ARMZ, however, Khan was bound to proceed with the Macusani private placement notwithstanding the ARMZ offer and believes that its ownership in Macusani has the prospect of generating value for Khan shareholders in the long-term. We intend to give the ARMZ offer due consideration and will continue our efforts to identify value-enhancing opportunities for our shareholders. We will advise shareholders of the Board's position once a review of ARMZ's proposed formal offer and the terms and conditions of any such offer have been made publicly available."
Forward-Looking Statements and Information
This press release may contain forward-looking statements and forward-looking information, which are subject to certain risks, uncertainties and assumptions. Forward-looking statements and information are characterized by words such as "will", "plan", "expect", "project", "intend", "believe", "anticipate", "forecast", "schedule", "estimate" and similar expressions, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements and information are not historical facts and are based upon a number of estimates and assumptions and are inherently subject to significant business, social, economic, political, competitive and other risks and uncertainties, contingencies and other factors, including the impact of Mongolian and Canadian laws and regulatory requirements on ARMZ's proposed transaction and Khan's licenses, operations and capital structure, Khan's ability to re-register its existing licenses, political instability and obtaining governmental approvals, legislative, political, social and economic developments or changes in jurisdictions in which Khan, ARMZ and Macusani carry on business, the speculative nature of exploration and development, risks involved in the exploration, development and mining business, changes in market conditions, changes or disruptions in the securities markets and market fluctuations in prices for Khan securities, risks relating to the ARMZ offer not being formally commenced or not being made on terms and conditions acceptable to Khan, the lack of any alternative transactions, the terms and conditions of any alternative transactions not being acceptable, and uncertainty in the estimation of mineral reserves and resources. In addition, a number of other factors could cause actual results to differ materially from the results discussed in such statements and information, and there is no assurance that actual results will be consistent with them. For further details, reference is made to the risk factors discussed or referred to in Khan's annual and interim management's discussion and analyses and Annual Information Form on file with the Canadian securities regulatory authorities and available on SEDAR at www.sedar.com. Such forward-looking statements and information are made or given as at the date of this news release, and Khan assumes no obligation to update or revise them, either publicly or otherwise, to reflect new events, information or circumstances, except as may be required under applicable securities law. For information concerning specific risks or uncertainties related to Macusani, reference should be made to Macusani's continuous disclosure documents available on SEDAR at www.sedar.com.
Khan Resources Inc. (TSX:KRI) is a Canadian company engaged in the acquisition, exploration and development of uranium properties. Its current activities are focused on the Dornod area in northeastern Mongolia, the site of a former Russian open-pit uranium mine. Khan holds interests in the Main Dornod Property, licensed for mining, and in the Additional Dornod Property, licensed for exploration. The Company's website is www.khanresources.com.
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TORONTO, ONTARIO - Nov. 30, 2009 - Khan Resources Inc. (TSX:KRI) ("Khan") today announced that it has entered into a binding subscription agreement and has closed its subscription for 10.0 million common shares of Macusani Yellowcake Inc. (TSX VENTURE:YEL) ("Macusani") at a subscription price of Cdn.$0.20 per share. The subscription was part of a larger private placement, announced today by Macusani, of 14.15 million Macusani common shares for aggregate proceeds of Cdn.$2.83 million. Macusani now has approximately 55.9 million common shares outstanding (70.0 million on a fully-diluted basis), providing Khan with an ownership interest of approximately 17.9% of the outstanding Macusani common shares (on a non-diluted basis). Under separate agreement, Khan will have the right to maintain its pro rata ownership of Macusani in certain subsequent treasury issues for a period of 2 1/2 years.
This transaction is unrelated to the announcement on November 27 that Atomredmetzoloto JSC ("ARMZ") intends to make an unsolicited offer to purchase all of the outstanding shares of Khan. The negotiations with Macusani have been underway for some time, and, coincidentally, the subscription was expected to close on November 27 but the closing was delayed until today as certain closing conditions not within Khan's control were not met until today. Khan's Board of Directors considered its obligations under the subscription agreement in light of the unexpected ARMZ announcement and determined that it remained in the best interests of Khan to proceed with the Macusani investment at this time.
Khan has acquired the Macusani shares for investment purposes and does not presently have any further intention to acquire ownership of, or control over, any additional securities of Macusani, subject to its pre-emptive right to acquire additional Macusani shares to maintain its 17.9% ownership level in certain circumstances. A copy of Khan's early warning report relating to the private placement and prepared in accordance with National Instrument 62-103 will be filed on SEDAR at www.sedar.com and may be obtained by contacting 416.360.3405 416.360.3405.
Macusani controls over 20,000 hectares (2,000 km2) of land located on the Macusani Plateau in the Puno District of southern Peru, which include several significant advanced stage exploration properties. In December 2008, Macusani announced indicated resources of 1.3 million lbs of U3O8 at a grade of 0.37 lbs of U3O8 per short ton and inferred resources of 9.8 million lbs of U3O8 at a grade of 0.38 lbs per short ton on its Colibri II and Colibri III properties. In June 2009, Macusani acquired the Corapachi and Kihitian Concessions, two highly prospective properties on the Plateau where higher grade U3O8 has been identified. Khan understands that Macusani has conducted an exploration program on these properties subsequent to their acquisition and it is in the process of preparing a National Instrument 43-101 compliant resource estimate for these concessions.
Martin Quick, President and CEO of Khan stated "We are delighted to acquire this position in Macusani and be able to participate in what looks to be an exciting new major uranium district that hosts substantial amounts of near surface uranium amenable to low cost mining and milling techniques. This investment in Macusani represents a further step in fulfilling Khan's growth objectives." Mr. Quick added that "It is unfortunate that the prospective value associated with Khan's newly acquired interest in Macusani is somewhat overshadowed by the unsolicited offer that was announced by ARMZ, however, Khan was bound to proceed with the Macusani private placement notwithstanding the ARMZ offer and believes that its ownership in Macusani has the prospect of generating value for Khan shareholders in the long-term. We intend to give the ARMZ offer due consideration and will continue our efforts to identify value-enhancing opportunities for our shareholders. We will advise shareholders of the Board's position once a review of ARMZ's proposed formal offer and the terms and conditions of any such offer have been made publicly available."
Forward-Looking Statements and Information
This press release may contain forward-looking statements and forward-looking information, which are subject to certain risks, uncertainties and assumptions. Forward-looking statements and information are characterized by words such as "will", "plan", "expect", "project", "intend", "believe", "anticipate", "forecast", "schedule", "estimate" and similar expressions, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements and information are not historical facts and are based upon a number of estimates and assumptions and are inherently subject to significant business, social, economic, political, competitive and other risks and uncertainties, contingencies and other factors, including the impact of Mongolian and Canadian laws and regulatory requirements on ARMZ's proposed transaction and Khan's licenses, operations and capital structure, Khan's ability to re-register its existing licenses, political instability and obtaining governmental approvals, legislative, political, social and economic developments or changes in jurisdictions in which Khan, ARMZ and Macusani carry on business, the speculative nature of exploration and development, risks involved in the exploration, development and mining business, changes in market conditions, changes or disruptions in the securities markets and market fluctuations in prices for Khan securities, risks relating to the ARMZ offer not being formally commenced or not being made on terms and conditions acceptable to Khan, the lack of any alternative transactions, the terms and conditions of any alternative transactions not being acceptable, and uncertainty in the estimation of mineral reserves and resources. In addition, a number of other factors could cause actual results to differ materially from the results discussed in such statements and information, and there is no assurance that actual results will be consistent with them. For further details, reference is made to the risk factors discussed or referred to in Khan's annual and interim management's discussion and analyses and Annual Information Form on file with the Canadian securities regulatory authorities and available on SEDAR at www.sedar.com. Such forward-looking statements and information are made or given as at the date of this news release, and Khan assumes no obligation to update or revise them, either publicly or otherwise, to reflect new events, information or circumstances, except as may be required under applicable securities law. For information concerning specific risks or uncertainties related to Macusani, reference should be made to Macusani's continuous disclosure documents available on SEDAR at www.sedar.com.
Khan Resources Inc. (TSX:KRI) is a Canadian company engaged in the acquisition, exploration and development of uranium properties. Its current activities are focused on the Dornod area in northeastern Mongolia, the site of a former Russian open-pit uranium mine. Khan holds interests in the Main Dornod Property, licensed for mining, and in the Additional Dornod Property, licensed for exploration. The Company's website is www.khanresources.com.
Investorideas.com mining stocks directory currently features an estimated 1000 mining stocks for investors to research. The directory is also updated weekly and monthly as we source new companies in the sector.
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Investors following mining stocks can purchase the directory in a PDF format with hyperlinks to stocks symbol(s), company’s URL and company’s description. The mining stocks directory page features a Paypal link and buy now button for easy online purchase.
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Sunday, November 29, 2009
Century Mining (CMM: TSX-V) Announces C$4,000,000 Flow-Through Financing
Century Mining Announces C$4,000,000 Flow-Through Financing
Nov 26, - Century Mining Corporation (CMM: TSX-V) today announced that, subject to regulatory approval, it will complete a non-brokered private placement of up to C$4,000,000 comprised of units consisting of one common share issued on a flow-through basis and one half of a common share purchase warrant exercisable at a price of $0.30 for 18 months from the date of closing.
The Company will issue 20,000,000 units at an issue price of $0.20 per unit. The proceeds from this offering will be used for the underground drilling of the Lamaque project in Val-d'Or, Quebec. This financing comprises a portion of the $21,000,000 private placement described in the Company's November 2, 2009 press release.
The Company will pay Oberon Capital Corporation for introducing subscribers to the Company a finder's fee of cash equal to 4% of the aggregate gross proceeds, and broker warrants equal to 4% of the aggregate number of flow-through shares. Each broker warrant shall be exercisable for 18 months from the date of issue and shall entitle the holder to purchase a common share of the Company for a price of $0.20. The flow-through share issuance is subject to approval by the TSX Venture Exchange. All of the securities issued under this private placement will be subject to a four-month hold period.
Margaret Kent, President and CEO of Century commented, "This financing is part of the $21 million private placement, the balance of which we expect to close in early December."
About Century Mining Corporation
Century Mining Corporation is a junior gold producer. The Company owns and is working towards the start up of the Lamaque mine in Québec that historically has produced over 9.2 million ounces of gold. In Peru, Century wholly-owned subsidiaries own an 82.6% interest in the San Juan Mine where the Company accounts for 100% of gold production. Total gold production for 2007 and 2008 was 63,124 and 14,252 ounces of gold, respectively.
"Margaret M. Kent"
Chairman, President & CEO
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this press release.
Caution Concerning Forward-Looking Information
This press release contains forward looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of applicable Canadian securities laws. We use words such as "may", "will", "should", "anticipate", "plan", "expect", "believe", "estimate" and similar terminology to identify forward-looking statements and forward-looking information. Such statements and information are based on assumptions, estimates, opinions and analysis made by management in light of its experience, current conditions and its expectations of future developments as well as other factors which it believes to be reasonable and relevant. Forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied in the forward-looking statements and information and accordingly, readers should not place undue reliance on such statements and information. Risks and uncertainties that may cause actual results to vary include but are not limited to the speculative nature of mineral exploration and development, including the uncertainty of reserve and resource estimates; operational and technical difficulties; the availability to the Company of suitable financing alternatives; fluctuations in gold and other commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks arising from our South American activities; fluctuations in foreign exchange rates; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management's Discussion and Analysis included in this Annual Report, in our Annual Information Form and in other filings made by us with the Securities and Exchange Commission and with Canadian securities regulatory authorities and available at www.sedar.com.
While the Company believes that the expectations expressed by such forward-looking statements and forward-looking information and the assumptions, estimates, opinions and analysis underlying such expectations are reasonable, there can be no assurance that they will prove to be correct. In evaluating forward-looking statements and information, readers should carefully consider the various factors which could cause actual results or events to differ materially from those expressed or implied in the forward-looking statements and forward-looking information.
Investorideas.com mining stocks directory currently features an estimated 1000 mining stocks for investors to research. The directory is also updated weekly and monthly as we source new companies in the sector.
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Nov 26, - Century Mining Corporation (CMM: TSX-V) today announced that, subject to regulatory approval, it will complete a non-brokered private placement of up to C$4,000,000 comprised of units consisting of one common share issued on a flow-through basis and one half of a common share purchase warrant exercisable at a price of $0.30 for 18 months from the date of closing.
The Company will issue 20,000,000 units at an issue price of $0.20 per unit. The proceeds from this offering will be used for the underground drilling of the Lamaque project in Val-d'Or, Quebec. This financing comprises a portion of the $21,000,000 private placement described in the Company's November 2, 2009 press release.
The Company will pay Oberon Capital Corporation for introducing subscribers to the Company a finder's fee of cash equal to 4% of the aggregate gross proceeds, and broker warrants equal to 4% of the aggregate number of flow-through shares. Each broker warrant shall be exercisable for 18 months from the date of issue and shall entitle the holder to purchase a common share of the Company for a price of $0.20. The flow-through share issuance is subject to approval by the TSX Venture Exchange. All of the securities issued under this private placement will be subject to a four-month hold period.
Margaret Kent, President and CEO of Century commented, "This financing is part of the $21 million private placement, the balance of which we expect to close in early December."
About Century Mining Corporation
Century Mining Corporation is a junior gold producer. The Company owns and is working towards the start up of the Lamaque mine in Québec that historically has produced over 9.2 million ounces of gold. In Peru, Century wholly-owned subsidiaries own an 82.6% interest in the San Juan Mine where the Company accounts for 100% of gold production. Total gold production for 2007 and 2008 was 63,124 and 14,252 ounces of gold, respectively.
"Margaret M. Kent"
Chairman, President & CEO
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this press release.
Caution Concerning Forward-Looking Information
This press release contains forward looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of applicable Canadian securities laws. We use words such as "may", "will", "should", "anticipate", "plan", "expect", "believe", "estimate" and similar terminology to identify forward-looking statements and forward-looking information. Such statements and information are based on assumptions, estimates, opinions and analysis made by management in light of its experience, current conditions and its expectations of future developments as well as other factors which it believes to be reasonable and relevant. Forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied in the forward-looking statements and information and accordingly, readers should not place undue reliance on such statements and information. Risks and uncertainties that may cause actual results to vary include but are not limited to the speculative nature of mineral exploration and development, including the uncertainty of reserve and resource estimates; operational and technical difficulties; the availability to the Company of suitable financing alternatives; fluctuations in gold and other commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks arising from our South American activities; fluctuations in foreign exchange rates; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management's Discussion and Analysis included in this Annual Report, in our Annual Information Form and in other filings made by us with the Securities and Exchange Commission and with Canadian securities regulatory authorities and available at www.sedar.com.
While the Company believes that the expectations expressed by such forward-looking statements and forward-looking information and the assumptions, estimates, opinions and analysis underlying such expectations are reasonable, there can be no assurance that they will prove to be correct. In evaluating forward-looking statements and information, readers should carefully consider the various factors which could cause actual results or events to differ materially from those expressed or implied in the forward-looking statements and forward-looking information.
Investorideas.com mining stocks directory currently features an estimated 1000 mining stocks for investors to research. The directory is also updated weekly and monthly as we source new companies in the sector.
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South American Silver Corp. Completes $2.78 Million Financing
South American Silver Corp. Completes $2.78 Million Financing
VANCOUVER, BRITISH COLUMBIA--- Nov. 27, 2009 - South American Silver Corp. (TSX:SAC) is pleased to report that it has closed a private placement financing for gross proceeds of $2,778,500 (the "Financing") through the issuance of 6,946,250 units (the "Units") at a price of $0.40 per Unit. The issuance of 6,946,250 Units today is part of a larger offering by the Company of up to 8,126,250 Units. Additional closings may occur up to December 10, 2009.
Each Unit is comprised of one common share of the Company (a "Common Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder thereof to acquire one Common Share at an exercise price of $0.60 per Common Share for a period of two years.
In connection with the Financing, the Company paid $132,000 in cash to certain brokers and issued an aggregate of 330,000 non-transferable broker warrants entitling the holder to subscribe for Units at a price of $0.40 per Unit for a period of 18 months.
The Company plans to use the net proceeds from the Financing to accelerate infill drilling and engineering work related to the Pre-feasibility study at its Malku Khota silver-indium deposit and for general corporate purposes.
Ralph Fitch, President and CEO of the Company, stated "This infusion of cash allows us to aggressively pursue the Pre-feasibility program while maintaining a strong treasury. We believe that we have a strong project as indicated in our previously released Preliminary Economic Assessment and look forward to moving the project closer to production through the Pre-feasibility process. This is an exciting stage in which we start to transform our substantial resource into a mine." (Indicated Resource: 145 million oz. of silver and 845 tonnes of indium plus an Inferred Resource of 178 million oz. of silver and 968 tonnes of indium)
The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold in the United States of America (the "United States") or to or for the benefit of U.S. Persons (as such term is defined in Regulation S under the U.S. Securities Act) except in transactions exempt from the registration requirements of the U.S. Securities Act and applicable state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction.
SASC is a mineral exploration company that acquires, explores and develops mineral properties, primarily silver, gold and copper in South America. The Company presently holds interests in two material properties: the flagship Malku Khota silver-indium-gold property in Bolivia and the Escalones copper-gold-molybdenum property in Chile.
Certain statements in this press release constitute "forward-looking statements". These forward-looking statements include, but are not limited to, statements regarding the possibility of additional closings, the Pre-feasibility program, reported resource figures and the development of a mine on the Company's mineral properties. Forward-looking statements express, as at the date of this press release, the Company's plans, estimates, forecasts, projections, expectations, or beliefs as to future events or results. Forward-looking statements are based on certain assumptions, including the key assumptions and parameters on which such estimates are based, involve risks and uncertainties and there can be no assurance that such statements will prove to be accurate. Therefore, actual results and future events could differ materially from those anticipated in such statements. Factors that could cause results or events to differ materially from current expectations expressed or implied by the forward-looking statements, include, but are not limited to, the effect of capital market conditions and other factors on capital availability and the ability to complete additional closings; possible variations in mineral resources, grade or recovery rates, silver or indium prices, operating or capital costs; availability of sufficient financing to fund planned or further required work in a timely manner and on acceptable terms; changes in project parameters as plans continue to be refined; failure of equipment or processes to operate as anticipated; political, regulatory, environmental and other risks in the mining industry and other risks more fully described in the Company's Annual Information Form filed and publicly available on SEDAR at www.sedar.com. Readers are cautioned not to place undue reliance on the forward-looking statements contained in this press release. Subject to applicable laws, the Company assumes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or any other reason.
The Company's Preliminary Economic Assessment Study includes inferred mineral resources which are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as Mineral Reserves. Furthermore, there is no certainty that the results projected in the Preliminary Economic Assessment Study will be realized and actual results may vary substantially.
For more information, please contact
South American Silver Corp.Richard DoranExecutive Vice President (303) 512-0919 (303) 512-0919(303) 758-2063 (FAX)
Investorideas.com mining stocks directory currently features an estimated 1000 mining stocks for investors to research. The directory is also updated weekly and monthly as we source new companies in the sector.
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VANCOUVER, BRITISH COLUMBIA--- Nov. 27, 2009 - South American Silver Corp. (TSX:SAC) is pleased to report that it has closed a private placement financing for gross proceeds of $2,778,500 (the "Financing") through the issuance of 6,946,250 units (the "Units") at a price of $0.40 per Unit. The issuance of 6,946,250 Units today is part of a larger offering by the Company of up to 8,126,250 Units. Additional closings may occur up to December 10, 2009.
Each Unit is comprised of one common share of the Company (a "Common Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder thereof to acquire one Common Share at an exercise price of $0.60 per Common Share for a period of two years.
In connection with the Financing, the Company paid $132,000 in cash to certain brokers and issued an aggregate of 330,000 non-transferable broker warrants entitling the holder to subscribe for Units at a price of $0.40 per Unit for a period of 18 months.
The Company plans to use the net proceeds from the Financing to accelerate infill drilling and engineering work related to the Pre-feasibility study at its Malku Khota silver-indium deposit and for general corporate purposes.
Ralph Fitch, President and CEO of the Company, stated "This infusion of cash allows us to aggressively pursue the Pre-feasibility program while maintaining a strong treasury. We believe that we have a strong project as indicated in our previously released Preliminary Economic Assessment and look forward to moving the project closer to production through the Pre-feasibility process. This is an exciting stage in which we start to transform our substantial resource into a mine." (Indicated Resource: 145 million oz. of silver and 845 tonnes of indium plus an Inferred Resource of 178 million oz. of silver and 968 tonnes of indium)
The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold in the United States of America (the "United States") or to or for the benefit of U.S. Persons (as such term is defined in Regulation S under the U.S. Securities Act) except in transactions exempt from the registration requirements of the U.S. Securities Act and applicable state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction.
SASC is a mineral exploration company that acquires, explores and develops mineral properties, primarily silver, gold and copper in South America. The Company presently holds interests in two material properties: the flagship Malku Khota silver-indium-gold property in Bolivia and the Escalones copper-gold-molybdenum property in Chile.
Certain statements in this press release constitute "forward-looking statements". These forward-looking statements include, but are not limited to, statements regarding the possibility of additional closings, the Pre-feasibility program, reported resource figures and the development of a mine on the Company's mineral properties. Forward-looking statements express, as at the date of this press release, the Company's plans, estimates, forecasts, projections, expectations, or beliefs as to future events or results. Forward-looking statements are based on certain assumptions, including the key assumptions and parameters on which such estimates are based, involve risks and uncertainties and there can be no assurance that such statements will prove to be accurate. Therefore, actual results and future events could differ materially from those anticipated in such statements. Factors that could cause results or events to differ materially from current expectations expressed or implied by the forward-looking statements, include, but are not limited to, the effect of capital market conditions and other factors on capital availability and the ability to complete additional closings; possible variations in mineral resources, grade or recovery rates, silver or indium prices, operating or capital costs; availability of sufficient financing to fund planned or further required work in a timely manner and on acceptable terms; changes in project parameters as plans continue to be refined; failure of equipment or processes to operate as anticipated; political, regulatory, environmental and other risks in the mining industry and other risks more fully described in the Company's Annual Information Form filed and publicly available on SEDAR at www.sedar.com. Readers are cautioned not to place undue reliance on the forward-looking statements contained in this press release. Subject to applicable laws, the Company assumes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or any other reason.
The Company's Preliminary Economic Assessment Study includes inferred mineral resources which are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as Mineral Reserves. Furthermore, there is no certainty that the results projected in the Preliminary Economic Assessment Study will be realized and actual results may vary substantially.
For more information, please contact
South American Silver Corp.Richard DoranExecutive Vice President (303) 512-0919 (303) 512-0919(303) 758-2063 (FAX)
Investorideas.com mining stocks directory currently features an estimated 1000 mining stocks for investors to research. The directory is also updated weekly and monthly as we source new companies in the sector.
Mining and metals investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading global Stock Exchanges.
Investors following mining stocks can purchase the directory in a PDF format with hyperlinks to stocks symbol(s), company’s URL and company’s description. The mining stocks directory page features a Paypal link and buy now button for easy online purchase.
Killdeer Minerals Announces Financing With MineralFields Group
Killdeer Minerals Announces Financing With MineralFields Group
VANCOUVER, BRITISH COLUMBIA-- – Nov. 27, 2009 - Killdeer Minerals Inc. – (TSX VENTURE:KMI) is pleased to announce that it has negotiated a private placement (the "Financing") with MineralFields Group to raise gross proceeds of up to $750,000.
Under the terms of the Financing, the Company will issue 3,000,000 flow-through units (the "FT Units") at a price of $0.25 per FT Unit. Each FT Unit will consist of one flow-through common share (the "FT Shares") and one-half of a transferable non flow-through common share purchase warrant ("Warrants"). Each whole Warrant will entitle the holder to purchase one additional non flow-through common share at an exercise price of $0.35 per share during the first year and thereafter at $0.45 per share during the second year from the closing date of the Financing (the "Closing Date").
Provided that the Company's shares close on the TSX Venture Exchange at any time four months after their date of issue for twenty consecutive trading days at a price of $0.50 per share or higher during the first year of the exercise period and at a price of $0.65 per share or higher during the second year of the exercise period, the Company may accelerate the expiry time to 30 calendar days from the date of express written notice delivered to the Warrant holder by way of registered mail, or thereafter the unexercised Warrant will be forfeited and terminated.
"We are very pleased to be commencing this relationship with MineralFields Group," said Mike Elson, President and CEO. "This is an important milestone in the growth of Killdeer and we look forward to working with MineralFields Group as we develop our holdings in Canada."
Limited Market Dealer Inc. will be paid a cash finder's fee of 6% of the funds raised, and issued a finder's fee option to acquire Units (the "Compensation Units") equal to 8% of the total number of FT Units sold, exercisable at $0.25 per Compensation Unit for a term of two years.
About MineralFields, Pathway and First Canadian Securities (R)
MineralFields Group (a division of Pathway Asset Management), based in Toronto, Vancouver and Calgary, is a mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada as well as hard-dollar resource limited partnerships to investors throughout the world. Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds (including the Pathway Multi Series Funds Inc. corporate-class mutual fund series). Information about MineralFields Group is available at www.mineralfields.com. First Canadian Securities (R) is active in leading resource financings (both flow-through and hard dollar PIPE financings) on competitive, effective and service-friendly terms, and offers investment banking, mergers and acquisitions, and mining industry consulting, services to resource companies. MineralFields and Pathway have financed several hundred mining and oil and gas exploration companies to date through First Canadian Securities (R).
KILLDEER MINERALS INC.
Mike Elson, President & Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Mining and metals investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading global Stock Exchanges.
Investors following mining stocks can purchase the directory in a PDF format with hyperlinks to stocks symbol(s), company’s URL and company’s description. The mining stocks directory page features a Paypal link and buy now button for easy online purchase.
Investors also have the option to access the directory as part of the Investor Ideas Membership premium content. The full directory is now available to Investor Ideas members as part of the annual membership that currently features an additional 8 stock directories and investor newsletter.
Investorideas.com has created some of the most comprehensive online stock directories for investors in leading sectors. The renewable energy stocks directory has an estimated 1000 stocks and the oil and gas stock directories has over 500 stocks.
Members can now access by login the Mining stocks directory, oil and gas stocks directory , Natural Gas Stocks Directory , Water Stocks Directory, Renewable energy stocks directory, Biotech Stocks Directory, Defense and Homeland Security Stocks Directory, Fuel cell stocks Directory, Environment Stocks Directory and the investor newsletter- The Insiders Corner, covering insider buying trends in small cap stocks.
Investors are also reminded to sign up for the launch of the new free investor newsletter – the next great investor idea! Investors can sign up for the new free newsletter on the pop- up box on the home page of www.investorideas.com or the newsletter sign up page.
VANCOUVER, BRITISH COLUMBIA-- – Nov. 27, 2009 - Killdeer Minerals Inc. – (TSX VENTURE:KMI) is pleased to announce that it has negotiated a private placement (the "Financing") with MineralFields Group to raise gross proceeds of up to $750,000.
Under the terms of the Financing, the Company will issue 3,000,000 flow-through units (the "FT Units") at a price of $0.25 per FT Unit. Each FT Unit will consist of one flow-through common share (the "FT Shares") and one-half of a transferable non flow-through common share purchase warrant ("Warrants"). Each whole Warrant will entitle the holder to purchase one additional non flow-through common share at an exercise price of $0.35 per share during the first year and thereafter at $0.45 per share during the second year from the closing date of the Financing (the "Closing Date").
Provided that the Company's shares close on the TSX Venture Exchange at any time four months after their date of issue for twenty consecutive trading days at a price of $0.50 per share or higher during the first year of the exercise period and at a price of $0.65 per share or higher during the second year of the exercise period, the Company may accelerate the expiry time to 30 calendar days from the date of express written notice delivered to the Warrant holder by way of registered mail, or thereafter the unexercised Warrant will be forfeited and terminated.
"We are very pleased to be commencing this relationship with MineralFields Group," said Mike Elson, President and CEO. "This is an important milestone in the growth of Killdeer and we look forward to working with MineralFields Group as we develop our holdings in Canada."
Limited Market Dealer Inc. will be paid a cash finder's fee of 6% of the funds raised, and issued a finder's fee option to acquire Units (the "Compensation Units") equal to 8% of the total number of FT Units sold, exercisable at $0.25 per Compensation Unit for a term of two years.
About MineralFields, Pathway and First Canadian Securities (R)
MineralFields Group (a division of Pathway Asset Management), based in Toronto, Vancouver and Calgary, is a mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada as well as hard-dollar resource limited partnerships to investors throughout the world. Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds (including the Pathway Multi Series Funds Inc. corporate-class mutual fund series). Information about MineralFields Group is available at www.mineralfields.com. First Canadian Securities (R) is active in leading resource financings (both flow-through and hard dollar PIPE financings) on competitive, effective and service-friendly terms, and offers investment banking, mergers and acquisitions, and mining industry consulting, services to resource companies. MineralFields and Pathway have financed several hundred mining and oil and gas exploration companies to date through First Canadian Securities (R).
KILLDEER MINERALS INC.
Mike Elson, President & Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Mining and metals investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading global Stock Exchanges.
Investors following mining stocks can purchase the directory in a PDF format with hyperlinks to stocks symbol(s), company’s URL and company’s description. The mining stocks directory page features a Paypal link and buy now button for easy online purchase.
Investors also have the option to access the directory as part of the Investor Ideas Membership premium content. The full directory is now available to Investor Ideas members as part of the annual membership that currently features an additional 8 stock directories and investor newsletter.
Investorideas.com has created some of the most comprehensive online stock directories for investors in leading sectors. The renewable energy stocks directory has an estimated 1000 stocks and the oil and gas stock directories has over 500 stocks.
Members can now access by login the Mining stocks directory, oil and gas stocks directory , Natural Gas Stocks Directory , Water Stocks Directory, Renewable energy stocks directory, Biotech Stocks Directory, Defense and Homeland Security Stocks Directory, Fuel cell stocks Directory, Environment Stocks Directory and the investor newsletter- The Insiders Corner, covering insider buying trends in small cap stocks.
Investors are also reminded to sign up for the launch of the new free investor newsletter – the next great investor idea! Investors can sign up for the new free newsletter on the pop- up box on the home page of www.investorideas.com or the newsletter sign up page.
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