Month: June 2013

Geologix Explorations Inc. announced today that it intends to carry out a private placement of up to 10 million common shares at a price of $0.10 per share for aggregate gross proceeds of up to $1,000,000. Geologix may increase the size of the placement if warranted and priority in the placement will be given to existing shareholders. Eligible finders will be paid a 5% cash fee.

As you know, Formation Metals Inc. (“Formation”) is under attack by a dissident shareholder, Dundee Corporation (“Dundee”). At the upcoming meeting on Friday June 21, 2013 we ask for your support to re-elect the current directors for the ensuing year. Your board and management team have a clear and realistic vision that we believe puts Formation in the best position to create long-term shareholder value.

NWM Mining Corporation is pleased to announce that it has reached an agreement on terms for an extension of the due date on the Company’s current debt facility of $18,500,000 USD from June 2013 to September 2014 and reduced the effective interest rate on the principal from 15% to 12.5% per annum. The revised interest rate has the potential to reduce interest payments over the period by approximately $500,000 USD. In order to fully extend the loan until September 30, 2014, there are several conditions which must be satisfied by September 30, 2013.

Aurcana Corporation announces that the Company will be amending theterms of certain outstanding common share purchase warrants which were issued as part of a private placement of unitsthat closed in June and July of 2010. An aggregate of 293,750 Warrants are outstanding, each of which, on a pre-amendment basis,entitles the holder thereof to acquire one common share of theCompany at an exercise price of 3.20 until June 30, 2013.

Goldex Resources Corporation has entered into a loan agreement with JER Enterprises Ltd.

Minaurum Gold Inc. is pleased to announce that further to its news release of April 12, 2013, it has closed the first tranche of its non-brokered private placement of 2,104,400 Units at a price of $0.10 per Unit for gross proceeds of $210,440. A four month hold has been placed on these securities expiring on October 13, 2013. Insiders of the company have subscribed for a total of 76% of the financing.