Solid Resources Ltd. (TSXV:SRW) completed its non-brokered private placement consisting of 10,541,667 units, for gross proceeds of $1,265,000.
Solid Resources Ltd. (TSXV:SRW) is a Canadian junior exploration company focused in Spain. The Company is in the late stages of re-opening the Cehegin Iron Ore Mine in south-eastern Spain and applying for an exploration permit on its Alberta-1 Tin/Tantalum & Lithium property in north-western Spain.
Cardero Resource Corp. (TSX:CDU,NYSE:CDY,FWB:CR5) closed its $5,700,000 private placement of senior secured notes, and paid in full its debt to certain affiliates of Luxor Capital Group, LP., secured creditors of the Company, as demanded by Luxor on July 24, 2013.
Cardero Resource Corp. (TSX:CDU,FWB:CRS) arranged a USD $5,700,000 private placement of senior secured notes to pay its debt to certain affiliates of Luxor Capital Group, LP. who are secured creditors of the Company. The Company anticipates closing of the financing today.
Cardero Resource Corp. (TSX:CDU,NYSE:MKT,FWB:CR5) received a demand for payment of certain outstanding indebtedness to certain affiliates of Luxor Capital Group, LP., who are secured creditors of the Company, and are the holders of senior secured notes of Cardero.
Cap-Ex Iron Ore Ltd. (TSXV:CEV,FWB:X0V,OTCQX:CPXVF) entered into two additional non-exclusive agreements to find strategic partners or investors for its Block 103 project. The Company entered into an agreement with Intercedent Limited and Pridolian Limited.
West African Iron Ore Corp. (TSXV:WAI) issued a total of 2,415,000 common shares to non-executive directors pursuant to the previously announced settlement of $241,500 in accrued directors’ fees.
West African Iron Ore Corp. (TSXV:WAI) arranged a $2 million unsecured convertible debenture financing agreement with Sky Alliance Resources Inc. (SARI), a privately owned, international mining and consulting firm based in Hong Kong and registered in the British Virgin Islands.
Canadian International Minerals Inc. (TSXV:CIN) approved all items tabled at its Annual General and Special Meeting held on May 17, 2013. Michael Schuss, Tor Bruland, Garth Evans, J. Casey Forward, and Christopher Verrico were elected as directors, and Mackay LLP were appointed as auditors. A 2013 stock option plan was approved, and so was a special resolution of disinterested shareholder approving the repricing of stock options held by insiders of the Company. The Company also repriced certain stock options.
Cardero Resource Corp. (TSX:CDU,NYSE:CDY,FWB:CR5) received positive iron metallurgical test work results from its Sheini Hills Iron Project in Ghana. Cardero confirmed a highly-metallized DRI product, with a grade of 81% metallic iron at 89% iron-unit recovery.