Month: July 2014

Sutter Gold Mining Inc. is pleased to report that Sutter and Tyhee Gold Corp. have entered into an agreement with RMB Australia Holdings Limited whereby, subject to certain conditions, Tyhee will acquire: all of the issued and outstanding shares of Sutter currently held by RMB and/or its affiliates; all of the issued and outstanding shares of Sutter that are to be issued to RMB by Sutter upon the proposed conversion of US$8 million of RMB’s current debt exposure to Sutter; and approximately US$17 million of RMB’s additional debt exposure to Sutter. Upon completion of the Transaction, Tyhee will hold approximately 73% of Sutter’s issued and outstanding shares (on a non-fully diluted basis).

Almaden Minerals Ltd. is pleased to announce the re-election of its directors at the Company’s June 26, 2014 Annual General Meeting.

Quaterra Resources Inc. today announced that it has closed the previously announced non-brokered private placement of up to US$500,000 of units, each Unit priced at US$1,000 and comprised of one Non-Transferable Convertible Redeemable US$1,000 Principal Amount Promissory Note and 11,442 Non-Transferable Common Share Purchase Warrants. Quaterra received subscriptions aggregating US$500,000, which amount has been added to the Company’s working capital, and, accordingly, has issued Notes aggregating US$500,000 principal amount and 5,721,000 Warrants entitling the purchase of up to 5,721,000 fully paid common shares of Quaterra at CDN$0.16 per share until January 2, 2016, subject to the Company’s right to accelerate the expiry date in certain circumstances.

Quaterra Resources Inc. today announced that it has closed the previously announced non-brokered private placement of up to US$500,000 of units, each Unit priced at US$1,000 and comprised of one Non-Transferable Convertible Redeemable US$1,000 Principal Amount Promissory Note and 11,442 Non-Transferable Common Share Purchase Warrants. Quaterra received subscriptions aggregating US$500,000, which amount has been added to the Company’s working capital, and, accordingly, has issued Notes aggregating US$500,000 principal amount and 5,721,000 Warrants entitling the purchase of up to 5,721,000 fully paid common shares of Quaterra at CDN$0.16 per share until January 2, 2016, subject to the Company’s right to accelerate the expiry date in certain circumstances.

Mercator Minerals Ltd announces that it has received correspondence from the Russian Federal Anti-Monopoly Services in connection with the Company’s application made with FAS, which is in respect to the proposed business combination between Mercator and Intergeo MMC Ltd announced on December 12, 2013.