Canasil Resources Inc. announces a non-brokered private placement of up to 5,000,000 units at an exercise price of $0.20 per unit for total proceeds of up to $1,000,000. A commission or finders fee may be paid with respect to all or part of this placement. The terms of the placement are subject to acceptance by the TSX Venture Exchange.
Kimber Resources Inc. has announced its financial results for the three months ended September 30, 2012. All amounts in this news release are in Canadian dollars. The Company’s unaudited condensed consolidated interim financial statements have been prepared in accordance with International Financial Reporting Standards. Kimber’s condensed consolidated interim financial statements and management’s discussion & analysis for the three months ended September 30, 2012 are now available on SEDAR at www.sedar.com and on EDGAR at www.sec.gov/edgar.com .
MAG Silver Corp. (MAG), which explores for precious metals in Mexico, fell the most in almost four years after saying it was expelled from a project in Chihuahua state.
War Eagle Mining Company Inc. proposes to raise up to $500,000 by way of a non-brokered private placement offering of units of the Company.
Almaden Minerals (TSE:AMM) saw its shares advance Monday after the company announced final drill results to included in its maiden resource estimate for the Ixtaca property.
Oroco Resource Corp. announces that it has entered into a Term Sheet with Waterton Global Value L.P. whereby Waterton has committed to provide a secured $5 million convertible debt facility to Oroco.
International Millennium Mining Corp. reports its 3rd Quarter 2012 financial statements and MD&A for the Quarter ended September 30, 2012 (BC Form 51-102F1). Pursuant to the requirements of National Instrument 54-102, this news release provides a summary of the information contained in the Quarterly Report.
Pan American Goldfields Ltd. is pleased to announce the production results for the last two months of operation at its 80% owned Cieneguita project, Chihuahua, Mexico. The Cieneguita project is currently being operated on a pilot basis under an agreement between The Company and Minera Rio Tinto, a private Mexican company. The terms of the agreement were recently re-negotiated as discussed in The Company’s release on September 12th -2012. The Cieneguita project as operated by MRT produces a bulk sulfide flotation concentrate or pre-concentrate at the Cieneguita plant. This concentrate is then shipped to Choix where it is treated to produce a lead concentrate that contains the majority of the valuable metals gold and silver. This lead concentrate is then sold under contract to Trafigura who then ships the concentrate to various smelters for final metal recovery.
NWM Mining Corporation announced today that Mr. John Van De Beuken has resigned as the COO of the Company following the completion of the initial commissioning phase for the Lluvia de Oro project. He will remain as a director of NWM.
Energold Drilling Corporation, a leading worldwide operator and manufacturer of mineral exploration and energy drilling rigs, today announced the appointment of Mr. Craig Geier as Managing Director, Dando Drilling Services, effective immediately. DDS is an affiliate of the Company’s wholly owned rig manufacturer Dando Drilling International based in the United Kingdom and will be initiating the Energold Groups global water drilling services business segment. Mr. Geier was previously the Company’s Chief Financial Officer and Vice President of Corporate Development. In parallel with Mr. Geier’s appointment, the Company has appointed Mr. Steven Gold as interim CFO, who was previously Director — Corporate Development. The Company has initiated an external search for a permanent replacement of the Chief Financial Officer.
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