Articles Tagged "new guinea gold"

New Guinea, New Gold

According to United States Geological Survey base estimates, Papua New Guinea has approximately 20 percent more extensive gold resources than Canada. Last year, gold production for the nation was only 65 percent of the total extracted in Canada. Projects in the area may be worthwhile for opportunistic bullish investors as demand for gold has recently pushed its price beyond the much vaunted $1300 per ounce threshold.

New Guinea Gold ends Private Placement Financing

New Guinea Gold Corporation (TSX VENTURE:NGG)today announced that the company to complete a non-brokered private placement pursuant to which the company will issue up to 41,666,666 common shares at a price of $0.12 per share to raise aggregate gross proceeds of up to approximately $5,000,000. The press release is quoted as saying: In connection with [...]