Archive for 2009

Oriental Minerals completes private placement

Oriental Minerals Inc. (OTL – TSX Venture, OZ4 – FWB, OMNLF – OTCBB_Pink_Sheets)reported that the company has completed a partially brokered private placement of 82,500,000 units at a price of $0.08 Canadian per Unit, generating gross proceeds of CAD$6.6 million.

Geodex Minerals corporate update

Geodex Minerals Ltd. (TSX VENTURE:GXM)(PINK SHEETS:GXMLF)(FRANKFURT:G2W) announced that Teck Resources Limited has not elected to exercise its option to acquire an interest in Geodex’s Mount Pleasant West Project in New Brunswick.

International Wayside update

International Wayside Gold Mines Ltd. (TSX VENTURE:WYG)(FRANKFURT:IWUB) reported that the Company has now entered into a revised term sheet in order to retain the tax losses for Wayside.

Largo Resources Closes Private Placement

Largo Resources Ltd. (TSX VENTURE:LGO) reported that the company has closed its previously announced flow-through private placement financing through the issuance of 5,555,555 flow-through shares at a price of $0.18 per flow-through share for total gross proceeds of approximately CAD$1,000,000.

Oriental Minerals update

Oriental Minerals Inc. (OTL – TSX Venture)(OZ4 – FWB)today announced that as a result of the Company filing its audited financial statements and Management’s Discussion and Analysis for the year ending June 30, 2009, the BC Securities Commission issued a revocation to the Cease Trade Order initiated on November 5, 2009, and the TSX Venture Exchange has today issued a bulletin advising that trading in the Company’s securities will be reinstated effective at the opening on December 10, 2009.

TSX approves Sultan’s acquistion

Sultan Minerals Inc. (TSX VENTURE:SUL)(FRANKFURT:RZN) today announced that the TSX Venture Exchange has accepted for filing documentation of Sultan’s acquisition of the Aspen Silver-Lead-Zinc Property located approximately six kilometres southeast of Salmo, British Columbia, Canada.

Largo Resources Update

Largo Resources Ltd. (TSX VENTURE:LGO) updated on the company’s activities including the Maracas Vanadium Project in Bahia State, Brazil, the Northern Dancer Tungsten-Molybdenum project in the Yukon Territory, Canada, and the new acquisition of tungsten assets in Currais Novos, Rio Grande de Norte, Brazil.