Friday, November 20, 2009 CBR GOLD CORP.
CBR Gold announced it is offering a non-brokered private placement of up to 4,000,000 units at $0.50 per unit for gross proceeds of $2,000,000 if fully subscribed. Each unit will consist of one common share of the company and one non-transferable share purchase warrant entitling the holder to acquire one additional common share at $0.65 per common share within 5 years from the date of issuance. (Complete Text - News Release) PDF
Friday, November 20, 2009 LINCOLN MINING CORP.
Lincoln Mining announced that its 100% owned U.S. subsidiary, Lincoln Gold US Corp., has executed in principle a Letter Agreement with ADGIS, Inc. to acquire 20 lode mineralization claims that cover the Oro Cruz gold deposit in Imperial County, California, USA. The Company has staked an additional 68 contiguous lode claims covering a total of approximately 1,800 acres. The proposed Letter Agreement involves advance royalty payments beginning at US$50,000 per year, upon signing of a formal agreement, and gradually increasing to $200,000 US per year in the 7th year. The NSR royalty has been set at 3% for the first 500,000 ounces and 4% thereafter. A buydown provision exists on the royalty. Property: ORO CRUZ PROJECT (Complete Text - News Release) PDF
Friday, November 20, 2009 TORO ENERGY LIMITED
Toro Energy announced it successfully completed a share purchase plan to raise approximately A$21.09 m at $0.15 per share. Funds raised from the recent capital raising initiative add up to approximately $61 m. The proceeds will be applied to the Bankable Feasibility Study and approvals for the Wiluna Uranium Project, Western Australia, exploration initiatives such as the recent discovery at Lake MacKay, Western Australia, and strategic corporate and project consolidation opportunities. Property: LAKE MACKAY PROJECT and WILUNA (LAKE WAY/CENTIPEDE) (Complete Text - News Release) PDF
Friday, November 20, 2009 IMPERIAL CORPORATION LIMITED and PEEL EXPLORATION LIMITED
Peel Exploration announced the company has completed the settlement of the acquisition of the May Day mining lease (ML1361), located in New South Wales, Australia. All conditions precedent to the settlement have been met. Accordingly, Peel Exploration has issued 2,750,000 ordinary shares to Imperial Corporation in consideration for the property, and paid $43,000 to the NSW Department of Primary Industries as bond relevant to ML1361. Property: MAY DAY-COBAR (Complete Text - News Release) PDF
Friday, November 20, 2009
