Jinshan Gold Mines changed its name to China International Gold Resources Corp Ltd
gold
As of 17 June 2010, Mr. Xiang Dong Jiang was chosen as a director of the Company. Mr. Jiang is also a management capacity as the vice-president of production. Read more
Close Corex private placement to Gammon Gold
Corex Gold Corp. is pleased to announce a part of the non-brokered private placement closed originally announced on July 8 2010 Gammon Gold Inc. pursuant to which (TSX: GAM) (NYSE: GRS) has acquired 4,706,000 units of the Company at a price of $ 0.68 per unit for proceeds of $ 3,200,080. Corex anticipates the conclusion of the placement of additional 1.694 million units, with other qualified investors next week for total proceeds of $ 4,352,000.
Each unit consists of one common share of the Company (a “common share”) and one half of one transferable common share purchase warrant (each whole warrant, a “Warrant”). Each warrant entitles the holder to exercise this right to purchase additional common shares at a price of $ 0.90 for a period of 24 months after completion of the Offering. All securities issued in connection with the private placement will be subject to a minimum of four months to keep time. After giving effect to the private placement will Gammon Gold owns approximately 12% of the issued and outstanding shares (approximately 14% on a fully diluted basis) of Corex. Under certain conditions, Gammon will be entitled to participate in any future funding from Corex to prevent dilution of its shareholdings. Peter Drobeck, Senior Vice President of Exploration and Business Development for Gammon, was chosen to sit on the Technical Board of Corex. Read more
Permitting Progresses at Seabridge Gold’s KSM Project
Seabridge Gold announced that the environmental licensing process for its 100% owned KSM Project in northern British Columbia [BC] is on track. The Canadian Environmental Assessment Agency (CEAA) has its “proposed scope of Environmental Assessment” document and the public invited to comment on a period of 30 days. This document details the elements of the proposed KSM Project and the scope of the environmental impact assessment should address the “profound study regulation”, as stated in the Canadian Environmental Assessment Act.
Seabridge President Rudi Fronk stated that “The release of this document by the CEAA allows us to stay on track with the preparation of our environmental assessment application document which we intend to meet the federal and provincial governments to submit the end of 2010. We have worked hard with the federal regulators this document available since July 2009 of CEAA Notice the Commencement released an environmental assessment. We look forward to reviewing the comments from the public, such public participation in Canadian environmental assessments are extremely important policy challenge commitment by the federal government. The environmental assessment process that we have entered is identical to the process for releasing the final permits for the Morrison and Mount Milligan Copper-Gold project (including both located in Christ) and the proposed detour Lake gold mine in Ontario. ” Read more
Conway Resources Completes Acquisition of Rare Metals and Lithium Property Close to First Gold Exploration Discovery
Conway Resources Inc. is pleased to announce that the agreement announced on 02.08.2010, whereby the Company will be a 100% stake in 14 closed contiguous mining claims covering an area of 742 ha in East Main Township, just a few miles north of the first gold property.
The Company’s final terms of the agreement are fulfilled by the second payment of $ 20,000 (for a total of $ 40,000) and the issuance of 400,000 ordinary shares in exchange for the seller claims. Conway will also pay a 5% finder’s fee and the issuance of an additional 20,000 ordinary shares as part of the transaction. Read more
Australia Gold Miner Newcrest Mining to Complete Lihir Gold Takeover in September
Australia’s largest gold digger Newcrest Mining said Tuesday its due diligence on Lihir Gold Limited and is expected to complete the A $ 9,500,000,000 (7.75 billion U.S. dollars) takeover of its smaller compatriot complete in September.
The completion triggers a period of exclusivity that Lihir is required to cease all discussions with third parties on a competitive proposal, Newcrest said in a statement.
The merger implementation agreement signed on May 4 was allowed to Lihir existing discussions with third parties to continue until 06.08, but not to attract offers.
Local media had speculated that at least four other companies had warm acquire Lihir, Newcrest’s no competing offer arose.
The combined entity will be the capacity to produce approximately 2.5 million ounces per year of gold over 10 projects, Papua New Guinea, Australia, Indonesia and Ivory Coast in West Africa and a market capitalization of A $ 25 billion, making it the fourth-largest gold producer in the world by Newcrest. Read more
Key Gold Holding Announces Stock Options
Gold Key Holding Inc. announces that its Board of Directors approved June 8, 2010, the grant of 800,000 stock options to certain directors, officers and suppliers to acquire common shares of capital stock of Gold Key Holding Inc.. at an exercise price of $ 0.125 per share until June 8, 2015. This grant of options to purchase shares is made pursuant to the terms of the Option Plan to purchase shares of the Company currently in force.
About Gold Key Holding
Gold Key Holding is a junior exploration company listed on the mining side of the TSX Venture Exchange with a concentration in the gold sector.
Forward Looking Statements
This document contains certain forward-looking statements that involve known and unknown risks, delays and uncertainties that are beyond the control of the Company. The results, performance or achievements of the Company’s actual may differ materially from results, performance or expectations contained in such forward-looking statements. Read more
