VANCOUVER, BRITISH COLUMBIA, Feb 28, 2012 (MARKETWIRE via COMTEX) — War Eagle Mining Company Inc. (“War Eagle” or the “Company”) proposes to raise gross proceeds of $194,250 by way of a non-brokered private placement offering of the Company’s common shares. Mr. Danny Wettreich will be the sole subscriber of the private placement.
Oremex Gold Inc. is pleased to announce that it received final approval from the TSX Venture Exchange regarding the Cerro del Oro Gold Project acquisition announced February 23, 2012.
Chesapeake Gold Corp. is pleased to announce that it has raised $35,241,240 from the exercise of 4,405,155 warrants at $8.00 per share prior to the expiry date on February 23, 2012. The warrants were issued on February 23, 2007 in connection with Chesapeake’s business combination with American Gold Capital Corporation.
Toronto, Ontario — Bell Copper Corporation (“Bell Copper” or the “Company”) (TSX-V: BCU) announces the resignation of Mr. Stan Bharti from the Board of Directors. Bell Copper remains a member of the Forbes & Manhattan Group of Companies and continues to receive all of the benefits of such membership, including access to a world-class team of geologists, advice from Mr. Bharti and other Forbes & Manhattan capital market professionals and strategic advice from the Forbes & Manhattan Board of Advisors.
Kootenay Silver´s flagship property is the former-producing Promontorio silver mine in Sonora State, Mexico. The company is also actively developing other mineral projects in Mexico and British Columbia, Canada.
Minefinders Corp, which in January agreed to be bought by Pan American Silver in a $1.5 billion deal, reported late Thursday that it swung to a fourth quarter profit as gold and silver production increased and precious metals prices rose.
Newstrike Capital, Inc. is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Cormark Securities Inc. and including GMP Securities L.P., Scotia Capital Inc., Euro Pacific Canada Inc., Desjardins Securities Inc., Macquarie Capital Markets Canada Ltd. and Raymond James Limited pursuant to which the Underwriters have agreed to purchase 8,000,000 common shares of the Company on a bought deal private placement basis at a price of $3.10 per Common Share.
Gold Resource Corporation declares its instituted monthly dividend of $0.05 per common share for February 2012 payable on March 23, 2012 to shareholders of record as of March 12, 2012. Gold Resource Corporation is a low-cost gold producer with operations in southern Mexico.
Alamos Gold Inc. reports financial results for the fourth quarter and year-ended December 31, 2011 and provides a review of its operations, exploration and development activities.
HIGHLIGHTS
Considerable growth in underlying EBITDA despite a volatile market environment
· Underlying EBITDA of EUR 265 million, up 26% in 2011 compared to 2010.
· Solid financial position with gearing1 of 35% as at 31 December 2011.
· Proposed distribution of EUR 0.16 per share via a share capital reduction.
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