Archive for April, 2010

Premium Exploration Announces Brokered Private Placement

Premium Exploration Inc. (TSX VENTURE:PEM) reported that the company has engaged Byron Securities Ltd. as lead agent, in a syndicate which also includes Industrial Alliance Securities Inc, for a brokered private placement with the intent of raising $7,000,000 for ongoing exploration and development activities on Premium’s projects.

Stillwater Mining: Norilsk Nickel’s Schedule 13-D Filing

STILLWATER MINING COMPANY (NYSE: SWC) commented on certain reports concerning yesterday’s Schedule 13-D filing by Norilsk Nickel and certain of its affiliates, which collectively hold approximately 51.3% of Stillwater’s common shares, wherein Norilsk Nickel said that they are exploring potential strategic alternatives regarding their investment in Stillwater.

Nortec Minerals: U.S. OTC Trading Market to Pink Sheet Status

Nortec Minerals Corp. (TSX VENTURE:NVT)(FRANKFURT:WMQ)(PINK SHEETS:NMNZF) announced that in addition to continuing to trade its shares on the TSX Venture Exchange under the symbol NVT, the Company has recently upgraded its current OTC listing so that its shares will now be reported on the Pink OTC Markets in the U.S., under the symbol “NMNZF”.

Melkior update on West Timmins

Melkior Resources Inc. (TSX VENTURE:MKR) updated shareholders on the ongoing 20,000 metre diamond drill program on its 100% owned Carscallen Gold property, located approximately 25 kilometres west of Timmins, Ontario, 5 kilometres west of the Lake Shore Gold Corp Timmins Mine and adjacent to Lake Shore’s West Timmins land holdings.

Gold Canyon updates on Springpole Gold Project

Gold Canyon Resources Inc. (TSX VENTURE:GCU)(PINK SHEETS:GDCRF) reported results for the first two drill holes of its Winter Drill Program 2010 at its 100% controlled Springpole Gold Project located in the Red Lake Mining District of Ontario, Canada.