Pacific Iron Ore Corporation (TSX VENTURE:POC) today announced that on November 26, 2009 it closed an equity offering of common shares for aggregate gross proceeds of $3,505,875.15. The press release is quoted as saying: The Corporation completed the brokered financing through Blackmont Capital Inc. and Acumen Capital Finance Partners Limited (the “Agents”), on a syndicated [...]
Read the full article: "Pacific Iron Ore reports Closing of Financing"
Thursday, November 26, 2009
New Millennium Capital Corp. (TSX VENTURE:NML) today reported company’s financial results for the third quarter ended September 30, 2009. The press release is quoted as saying: New Millennium controls the emerging Millennium Iron Range, located in the Province of Newfoundland and Labrador and in the Province of Quebec, which holds the world’s largest undeveloped magnetic [...]
Read the full article: "New Millennium Capital releases Third..."
Wednesday, November 25, 2009
Xstrata (XTA.L) moves into the iron ore sector. Xstrata is funding an exploration project in the Republic of Congo. The news release is quoted as saying: Anglo-Swiss Xstrata will pay at least $50 million towards prospecting and a pre-feasibility study of the Zanaga project in the Lekoumou district of the Republic of Congo, also known [...]
Read the full article: "Xstrata moves into iron ore"
Friday, November 20, 2009
Quest Uranium Corporation (TSX VENTURE:QUC)reported that a new rare earth discovery has been made on its Misery Lake property. The press release is quoted as saying: Values in excess of 0.97% TREO represent 40% of the total samples collected on the property. Mineralization is associated with magnetite-rich magmatic segregation layers and zones of iron-enrichment within [...]
Read the full article: "Quest updates on Misery Lake Property"
Wednesday, November 18, 2009
Pacific Iron Ore Corporation (TSX VENTURE:POC) (POC) announced that the company previously announced $3.0 million financing (refer press release of October 21, 2009) has been over-subscribed. The press release is quoted as saying: Due to this strong demand, POC has determined that it would be in the best interests of the Corporation to increase the [...]
Read the full article: "Pacific Iron Ore Increases Previously..."
Wednesday, November 11, 2009
Gabriel Resources Ltd., (TSX:GBU) today announced that the company has entered into a subscription agreement for a private placement of 30 million Units with BSG Capital Markets PCC Limited, a part of the Beny Steinmetz Group (“BSG”). The press release is quoted as saying: BSG’s mining arm, BSG Resources (“BSGR”) operates successfully in Africa and [...]
Read the full article: "Gabriel Enters Into Private Placement"
Wednesday, November 11, 2009
By Kishori Krishnan Exclusive To Iron Investing News The world’s eighth-largest steel maker, India’s Tata Steel Ltd (TISC.BO), has said it expects its European unit Corus to be operating at full capacity by the end of the fiscal year in March. Corus, Europe’s second-largest steelmaker, operated at 80 per cent capacity in October. In a [...]
Read the full article: "India’s Iron Fist Thumps In Canada"
Tuesday, November 10, 2009
Apella Resources Inc. (TSX VENTURE:APA)(FRANKFURT:NWN) announced that the company has now successfully completed its initial drilling program on the Iron-T Vanadium-Iron-Titanium Project. The press release is quoted as saying: The Iron-T Project is located near Matagami, Quebec, approximately 250 km west of Chibougamau, the location of Apella’s Lac Dore and Lac Dore North Iron-Vanadium-Titanium Projects. [...]
Read the full article: "Apella Resources Completed Iron-T Project"
Monday, November 9, 2009
CHAMPION MINERALS INC. (TSX VENTURE:CHM) reported the grant of options to consultants and a director to purchase 380,000 common shares of Champion. This options are exercisable at $0.405 per share at any time on or before November 9, 2014. The press release is quoted as saying: Champion is an exploration Company focused on discovering and [...]
Read the full article: "Champion minerals reports Grant of Stock..."
Friday, November 6, 2009
New Millennium Capital Corp. (TSX VENTURE:NML) reported today that the company and Tata Steel’s 100% owned subsidiary Tata Steel Global Minerals Holdings Pte Ltd of Singapore have signed a Joint Venture Agreement to advance the development of the DSO Project. The press release is quoted as saying: New Millennium controls the emerging Millennium Iron Range, [...]
Read the full article: "New Millennium Capital Joint Venture with..."
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Friday, November 27, 2009