RBC Capital Markets cuts Silver Bear to sector perform
RBC Capital Markets cut Canada’s Silver Bear Resources Inc to sector perform from outperform, on account of slow progress at the company’s Russian mining project. For full story, click here
Articles Tagged "capital"
First Majestic Closes $21.2M Financing
First Majestic Silver (TSE:FR) announced today that they have closed the financing they announced on Feb. 19. CIBC World Markets, Blackmont Capital, GMP Securities, and Thomas Weisel Partners have invested over $21 million Canadian. The company said that the majority of the proceeds will be used for mill construction and mine improvements at the Company’s [...]
Macmin Silver placed in administration
Macmin said its flagship Twin Hills mine in SE Queensland used more working capital than expected and it could not raise further funds due to global credit turmoil. The company said: The delay in supply and commissioning of additional crushing capacity, and the slower than predicted leaching rate have meant that the mine consumed more working [...]
Aquiline reports private placement for up to $10 million
Aquiline Resources reports it intends to proceed with a non-brokered private placement financing for up to $10 million. A lead order for 2,000,000 units has been committed by an institutional investor. Each Unit will be comprised of one common share in the capital of the Company and one common share purchase warrant (a “Warrant”). Each Warrant [...]
Shoshone Silver reports sale of uranium claims to Bayswater
Shoshone Silver Mining Company reports that it has agreed to sell its California Creek claims, Elko, Nevada to Bayswater Uranium Corporation of Vancouver, BC. Upon completion and approval of this agreement by the TSX Venture Exchange, Shoshone Silver Mining Company will receive 200,000 shares of Bayswater common stock. Shoshone Silver’s President, Lex Smith states: “Shoshone’s sale [...]
