Friday, November 06, 2009 ROCKY MOUNTAIN RESOURCES CORP.
Rocky Mountain Resources announced that its wholly-owned subsidiary, RMP Resources Corp. has completed the sale of its interest in the Paris Hills Phosphate/Vanadium Property, located in Bear Lake County in Idaho, USA, to a subsidiary of Stonegate Agricom Ltd. As consideration for the sale, the company received $1,000,000 in cash and 6,000,000 common shares of Stonegate valued at $0.50 per common share. Property: PARIS HILLS (Complete Text - News Release) PDF
Friday, November 06, 2009 AFRICAN METALS CORPORATION
African Metals announced that it has executed a Letter of Intent with Chevalier Resources Incorporated, under which the company will acquire all of the outstanding securities of Chevalier, a private company incorporated in Canada, with offices in Montreal, Quebec. (Complete Text - News Release) PDF
Friday, November 06, 2009 ODIN MINING AND EXPLORATION LTD.
Odin Mining & Exploration announced a non-brokered private placement of up to 18,500,000 units of the company at a price of 8 cents per unit, for expected aggregate proceeds of up to C$1.48 million. Each unit will consist of one common share in the capital of the company and one non-transferable share purchase warrant entitling the holder to purchase one additional common share at a price of 10 cents, for the period of 12 months from the closing of the offering. (Complete Text - News Release) PDF
Friday, November 06, 2009 CAPITAL GOLD CORP
Capital Gold announced that gross proceeds were approximately $11.7 million on 11,733 ounces of gold sold in the 2010 Q1, ended October 31, 2009, at its El Chanate mine in Sonora, Mexico. The average sale price was approximately $995 per ounce. This represents an increase in gross proceeds of approximately 19% over the fiscal quarter ended July 31, 2009 and a 27% increase over the same period in the prior fiscal year. Monthly gold production is currently running at approximately 4,200 ounces.
Property: EL CHANATE (Complete Text - News Release) PDF
Friday, November 06, 2009 GOLD WORLD RESOURCES INC.
Gold World Resources announced it is progressing with an international financing of up to CDN$3,000,000, previously reported on September 4, 2009, which includes so far Canada, United Kingdom and Switzerland.
(Complete Text - News Release) PDF
Friday, November 06, 2009 TECTONIC RESOURCES NL
Tectonic Resources announced the completion of the independent Scoping Study on its 100% owned Phillips River Project located in Western Australia. Highlights include: an annual production of 800,000 tonnes with a 7.5 year mine life, Gross cash generation Life of Mine of $823 million, Gross operating cost LOM of $540 million and Net cash generated over LOM of $283 million, an IRR of 40% with a Net cash after capital cost of $158 million pre tax. Property: PHILLIPS RIVER (Complete Text - News Release) PDF
Friday, November 06, 2009 GREAT WESTERN MINERALS GROUP LTD.
Great Western Minerals Group announced that it has closed its previously announced private placement of special warrants. Pope & Company Limited of Toronto acted as exclusive agent for the Company with respect to the sale of 8,964,886 Special Warrants for gross proceeds of $2,510,168.08. (Complete Text - News Release) PDF
Friday, November 06, 2009
