Canplats Resources Corporation (TSX VENTURE:CPQ) announces that it has received a revised binding proposal from Minera Penmont, S. de R.L. de C.V. for the acquisition by Penmont of all of the outstanding common shares of Canplats by way of a plan of arrangement which is financially superior to the terms of the amended transaction with [...]
Alexco Resource Corp. (TSX:AXR)(NYSE Amex:AXU) announced that it has closed the flow-through private placement previously announced on December 14, 2009. The press release is quoted as saying: The gross proceeds of the Flow-Through Shares shall be used for exploration on Alexco’s properties in the Keno Hill silver district in Canada’s Yukon Territory. Click here to [...]
Silver Mines Limited(SVL) announced the drilling results form the recently completed 1,634m reverse circulation program at the 100% owned Webbs Silver Project. The press release is quoted as saying: Funds recently raised will be used to complete further drilling in March 2010 as well as progress the mining, metallurgical and other studies on the project. [...]
Canadian Zinc Corporation (TSX:CZN)(OTCBB:CZICF) reported that the company has acquired 3.4 million shares of Zazu Metals Corporation representing approximately 11.1% Zazu’s outstanding shares, for a consideration of $650,000. The press release is quoted as saying: The Company’s principal focus is its efforts to advance the Prairie Creek Mine, a zinc/lead/silver property located in the Northwest [...]
Hana Mining Ltd. (TSX VENTURE:HMG) (FRANKFURT:4LH) reported that the company has now closed the non-brokered private placement announced on December 18, 2009 for proceeds of $4,000,000. The press release is quoted as saying: The Ghanzi Project is located in the center of the Kalahari copper belt in northwestern Botswana. The Ghanzi property covers 2,200 sq. [...]
SNS Silver Corporation (TSX VENTURE:SNS) reported that due to oversubscriptions the non brokered private placement financing of flow-through units as announced in its news release of December 4, 2009 was increased from 3,750,000 units to 4,305,000 units, with 1,500,000 of the flow-through units placed being sold to subscribers associated with the MineralFields Group and that [...]
Oremex Resources Inc. (TSX VENTURE:ORM) has completed a private placement of 3,472,616 units, at $0.13 per unit, for aggregate gross proceeds of $451,440.08. The press release is quoted as saying: Oremex is a Canadian-based exploration company with a focus on the acquisition and development of mineral properties in Mexico. The Company’s most advanced project Tejamen [...]
Silver Quest Resources Ltd. (TSX VENTURE:SQI) reported closing of a private placement of 4,000,000 flow-through units at a price of $0.35 per Unit for total gross proceeds of $1,400,000. The press release is quoted as saying: Each Unit consists of one flow-through common share and one half of one non-transferable common share purchase warrant Each [...]
Prospero Silver Corp. reported the completion of its initial public offering of 5,142,856 units at a price of $0.35 per Unit, each consisting of one common share and one-half of one non-transferable common share purchase warrant,for gross proceeds of $1.8 million. The press release is quoted as saying: Prospero is a mineral exploration company. Prospero [...]
Southern Silver Exploration Corp. (TSX VENTURE:SSV)(FRANKFURT:SEG) has now closed the second tranche of the previously announced private placement (NR-06-09, Nov. 24, 09) consisting of 3,590,000 million units for proceeds of C$359,000. The press release is quoted as saying: Southern Silver Exploration Corp. is focused on the exploration and development of quality assets, in significant mineralized [...]
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