Colossus Minerals Inc. (TSX:CSI,OTCWX:COLUF) provided a development update for its 75% owned Serra Pelada gold-platinum-palladium Mine along with its financial results for the interim periods ended September 30, 2013. As of November 14, 2013, the Company had completed approximately 2,300 metres of total development on Serra Pelada.
Colossus Minerals Inc. (TSX:CSI,OTCQX:COLUF) announced that John S. M. Turner has resigned from the board of directors for personal reasons.
Colossus Minerals Inc. (TSX:CSI,OTCQX:COLUF) appointed David Massola as its Chief Financial Officer and Executive Vice President, effective October 21, 2013.
Pro-Or Inc. (TSXV:POI) appointed Euro Pacific Canada Inc. as lead Agent in what is now a brokered private placement. The size of the offering has been reduced from the previously announced amount of $2,300,000 to $2,295,000.
Colossus Minerals Inc. (TSX:CSI,OTCQX:COLUF) provided a development update for its 75% owned Serra Pelada Mine, which is a joint venture between Colossus and Cooperativa de Mineração dos Garimpeiros de Serra Pelada, located in Brazil. The Company is on track with its dewatering program expansion, underground development has progressed according to plan, the Company plans to continue the decline development to have multiple access drives ready for mining in 2014, and the first phase of ventilation expansion is complete.
Pro-Or Inc. (TSXV:POI) completed the processing of multiple batches for a total of 600 kg of ceramic catalytic converters at its demonstration plant in St-Augustin during the summer. In June 2013, a prefeasibility study estimated operating costs at $13.50/kg of processed material, including refining charges.
Colossus Minerals Inc. (TSX:CSI,OTCQX:COLUF) is to present at the Bank of America Merrill Lynch 19th Annual Canada Mining Conference. The conference is going to be held on September 12 and 13, 2013 at the Sheraton Center Hotel, in Toronto.
Colossus Minerals Inc. (TSX:CSI,OTCQX:COLUF) has entered into an underwriting agreement with a syndicate of underwriters, co-led by GMP Securities L.P. and Dundee Securities Ltd., together with Canaccord Genuity Corp., Clarus Securities Inc., and TD Securities Inc. to sell 44,000,000 units at $0.75 per unit, for aggregate gross proceeds of C$33,000,000. The Offering is expected to close on or about August 13, 2013.
Colossus Minerals Inc. (TSX:CSI,OTCQX:COLUF) filed and received a receipt for a preliminary short form prospectus in connection with an overnight marketed public offering of equity securities in the capital of the Company. The Offering will be conducted through a syndicate of underwriters co-led by GMP Securities L.P. and Dundee Securities Ltd. and is expected to close on or about August 13, 2013.
Colossus Minerals Inc. (TSX:CSI,OTCQX:COLUF) will be paying the semi-annual interest payment of $44.63 per $1,000 Note CUSIP is 19681LAA7 on June 28th, 2013 at the close of business.