Archive for 2009

Gold Price Set To Correct

By Kishori Krishnan Exclusive To Gold Investing News We would not like to be a party pooper, but the near term risk for gold remains very much on the downside. Throughout 2009, gold price has been pretty steady. No doubt, it ended the year 24 per cent stronger than from the start of the year, [...]

Eloro Resources closes non-brokered private placement

Eloro Resources Ltd. (TSX VENTURE:ELO) reported the completion of its previously announced non-brokered private placement, subject to final TSX Venture Exchange acceptance. The press release is quoted as saying: Eloro is a junior exploration company focused on discovering and developing precious and base metal quality resources in the James Bay region of northern Quebec, and [...]

Nebu Resources completes non-brokered private placement

Nebu Resources Inc. (TSX VENTURE:NBU) reported that the company has completed the previously announced non-brokered private placement of 2,183,333 units of the Company at an issue price of $0.30 per Unit for gross proceeds of $655,000. The press release is quoted as saying: Nebu is a junior exploration company now focused on gold exploration projects [...]

Galahad Metals arranged a non-brokered private placement

Galahad Metals Inc (TSX VENTURE:GAX) reported that the Company has arranged a non-brokered private placement of 2,000,000 flow-through units to the MineralFields Group at a price of $0.11 per FT Unit for total gross proceeds of $220,000. The press release is quoted as saying: Each FT Unit will consist of one flow-through common share and [...]

Bison Gold Resources completes private placement

Bison Gold Resources Inc. (TSX VENTURE:BGE) announced company’s plans to complete a non-brokered flow through private placement financing for gross proceeds of up to $1,100,000. The press release is quoted as saying: Bison Gold is a Canadian public company listed on the TSX Venture Exchange. Bison Gold is focused on gold exploration with property assets [...]

Skyline Gold Corporation update

Skyline Gold Corporation (TSX VENTURE:SK) announced that the MineralFields group of funds has agreed to purchase a non-brokered private placement of 2,500,000 flow-through common shares of the Company at a price of $0.10 per share for proceeds of $250,000. The press release is quoted as saying: The flow through shares will have a hold period [...]

Canadian Shield completes private placement

Canadian Shield Resources Ltd. (TSX VENTURE:EXP) reported that it has completed the previously announced non-brokered private placement offering of 2,250,000 Units at $0.80 per Unit and an over allotment of 250,000 Units for gross proceeds of $2,000,000. The press release is quoted as saying: Canadian Shield is a precious metals exploration and development company focused [...]

Dutch Gold Resources reported its 2010 plans

Dutch Gold Resources, Inc. (PINKSHEETS: DGRI) reported its plans going forward for 2010 and management changes to facilitate maximum growth in the coming year. The press release is quoted as saying: Dutch Gold Resources, Inc. is engaged in the production and development of gold reserves in North America. The company’s strategy is to focus on [...]

Centerra Gold appointed new Board of Directors

Centerra Gold Inc. (TSX:CG)reported the appointment of John W. Lill, Aleksei A. Eliseev and Iurii I. Kosvin to its Board of Directors. The press release is quoted as saying: Centerra is a growth-oriented, gold Company focused on acquiring, exploring, developing and operating gold properties primarily in Asia, the former Soviet Union and other emerging markets [...]

TSX approves Vangold’s Plan of Arrangement

Vangold Resources Ltd. (TSX VENTURE:VAN) reported that the TSX Venture Exchange has approved the Plan of Arrangement which was approved by Vangold’s shareholders on November 23, 2009. The press release is quoted as saying: On completion of the Arrangement, Vangold will operate as a pure gold company through a 100 percent ownership of Pacific Kanon [...]