Colossus Minerals Inc. (TSX:CSI,OTCQX:COLUF) announced a bought deal with aggregate gross proceeds of C$25,000,000 -comprised of 15,625,000 common shares of the Company at a price of C$1.60 per Common Share - with GMP Securities L.P. on its own behalf and on behalf of Dundee Securities Ltd. (together with GMP) and a syndicate of underwriters (together with the Co-Lead Underwriters).
Colossus Minerals Inc. (TSX:CSI,OTCQX:COLUF) announced voting results from the annual and special meeting of shareholders held on May 21st, 2013, and J. Alberto Arias, John Frostiak, David Garofalo, Greg Hall, Mel Leiderman, Claudio Mancuso, Douglas Reeson, and John S.M. Turner were elected as directors of the Company.
Colossus Minerals Inc. (TSX:CSI,OTCQX:COLUF) provided an update on its Brazil-based, 75-percent owned Serra Pelada gold-platinum-palladium mine, commenting that the mine is on track to begin production of 250 metric tons per day in Q3 2013.
The Globe and Mail reported that Raymond James analyst Alex Terentiew has downgraded North American Palladium Ltd. (TSX:PDL,AMEX:PAL) to "market perform" from "outperform," while Sam Crittenden, an analyst at RBC Dominion Securities, moved his rating from "sector perform" down to "underperform."
Stillwater Mining Company (TSX:SWC.U, NYSE:SWC) announced its first quarter income attributable to common stockholders, which amounts to $14.6 million, or approximately $0.12 per share.
Noront Resources Ltd (TSXV:NOT) announced that pursuant to a loan agreement between the company and Resource Capital Funds V L.P., it has paid interest for the first quarter of 2013 through the issuance of 474,941 common shares at a price of $0.2942/interest share to RCF.
Stillwater Mining Company (NYSE:SWC) announced that in the first quarter, the company produced 98,100 ounces of palladium, exceeding the company’s forecast.
Reuters reported that palladium dropped 0.8% on Wednesday on signs that the US Federal Reserve is moving closer to ending its stimulus program.
Minfocus Exploration Corp (TSXV:MFX) announced that assay results from a 750m diamond drilling program that’s been recently completed on the Chief Peter property showed near surface palladium.
Noront Resources Ltd (TSXV:NOT), a palladium developer, announced the appointment of Mr. Yuanqing Xu and Mr. Peter Mah to the board, and the resignation of Mr. Joe Hamilton and Mr. Lin, subject for approval by the TSX Venture Exchange.
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