Levon Resources Ltd. is pleased to announce that it has today closed a previously announced financing, pursuant to which the Company has issued 20,600,000 common shares at a price of $1.95 per share for gross proceeds of $40,170,000.
DENVER, May 18, 2011 /PRNewswire/ — Vista Gold Corp. (TSX & NYSE Amex Equities: VGZ) (“Vista” or the “Corporation”) announces the appointment of Ms. Terri Eggert as Interim Chief Financial Officer of Vista, effective immediately. Ms. Eggert replaces our former Chief Financial Officer, Mr. Greg Marlier, who is no longer with the Corporation.
CALGARY, ALBERTA–(Marketwire – May 18, 2011) -BACANORA MINERALS LTD. (TSX VENTURE:BCN) (the “Corporation” or “Bacanora”) is pleased to announce the completion of its recently announced private placement financing, pursuant to which it has issued an aggregate of 14,113,760 units of the Corporation at a price of $0.50 per unit for aggregate gross proceeds of $7,056,880. Each unit consists of one common share and one-half of one common share purchase warrant, with each whole warrant being exercisable into one common share at a price of $0.80 for a period of eighteen (18) months.
Goldgroup Mining Inc. is pleased to announce that it has hired Mr. Rick Irvine, P.Eng, as the General Manager of the Caballo Blanco gold project in Veracruz, Mexico. The Company also announces that it has promoted Francisco Escandon, Geol. Eng. MMSA, from his former position as Director of Operations of Caballo Blanco to Technical Director of Goldgroup and hired the following: Dustin VanDoorselaere as Projects Manager, Dr. Roger Newell as a Consulting Geologist in charge of Northern Mexico exploration (all of whom will report to Keith Piggott, President and CEO) and Brigitte McArthur as Corporate Secretary. These appointments are consistent with the Company’s growth strategy of increasing its gold production significantly in Mexico over the next three years.
Silvermex Resources Inc. is pleased to announce the appointment of Lisa Dea, CA as its Vice President, Finance and Chief Financial Officer.
Lincoln Mining Corporation is pleased to announce that it has appointed Mr. Robert Elton and Mr. Robert Cruickshank as directors of the Company.
CLEVELAND, May 16, 2011 /PRNewswire/ — Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) today announced the launch of a multi-language, international corporate advertising campaign dubbed “Together. It Starts Here.” The campaign commemorates the completion of Cliffs’ approximately C$4.9 billion (including net debt) acquisition of Consolidated Thompson Iron Mines Limited with a broad-reaching placement schedule including full-page and digital advertisements in the Wall Street Journal, Financial Times, The Globe and Mail, The West Australian, Chutian Dushi Bao (the daily newspaper in Wuhan, China) and other business and trade media outlets. The acquisition was announced in January and closed on May 12, 2011.
Musgrove Minerals Corp. is pleased to announce that further to the news release dated April 26, 2011 announcing the establishment of the Advisory Committee, the Company is pleased to announce the appointment of Dr. Chris Wilson as a member of the Advisory Committee.
Cliffs Natural Resources Inc (NYSE:CLF) slid -3.23%, to close at $84.37 and its overall traded volume was 4.23M shares in the last trading session. CLF shares were trading within the range of $84.03-$87.96 while its opening price was $87.24. The 52-week range of the stock is $44.20 $102.48.
Vancouver, B.C.: Bell Copper Corporation (“Bell Copper” or the “Company”) (TSX-V Symbol: BCU) is pleased to announce that further to its news release dated April 28, 2011, the Company has completed the first tranche of its brokered private placement with D&D Securities Inc. and Delano Capital Corp. and has issued 14.55 million units at a price of $0.20 per unit for gross proceeds of $2,910,000. Each unit consists of one common share and one common share purchase warrant, with each warrant entitling the holder to purchase an additional common share of the Company for an 18 month period at a price of $0.35 per share. Insiders of the Company have subscribed for $521,000 of this first tranche of the placement. All common shares issued in connection with the units are subject to a regulatory hold period restricting them from being traded until September 7, 2011. The Company expects to close on the $1.59 million balance of the private placement by the end of this week.
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