Precipitate Gold Corp. is pleased to announce that, with respect to the agreement announced July 2, 2014, it has completed its due diligence review of the Richard and David concession applications and notified Gexplo S.R.L. and Santo Mining Corp. of its decision to proceed with the agreement to acquire a 100% interest in both the "Richard" and "David" concession applications in the Dominican Republic.
Sabina Gold & Silver Corp. reported today the results of its recently completed infill definition and expansion drilling program at the Echo deposit, at the Company's 100% owned Back River Gold Project, Nunavut, Canada.
Powertech Uranium Corp. announces that, further to its News Release of February 26, 2014, wherein it announced that it will acquire all of the issued and outstanding common shares of Azarga Resources Limited in exchange for common shares of Powertech pursuant to a Share Purchase Agreement dated February 25, 2014, it has entered into an Amendment to Share Purchase Agreement dated July 31, 2014 with Azarga, whereby the parties agreed to amend the Original Agreement by extending the closing date from July 31, 2014 to September 15, 2014, or such other date as agreed to by the parties. In all other respects, the terms of the Original Agreement remain the same.
The Silver Institute released a report titled "The Outlook for New Electrical and Electronic Uses of Silver." The report identifies three key potential growth areas for silver demand: flexible electronics; light emitting diodes (LEDs); and interposers.
A new Timetric survey finds that 30% of Australian mine and procurement managers expect to cut back spending on plant and heavy equipment over the remainder of 2014 and early 2015. This share is higher than in other areas of purchasing, such as parts, maintenance and consumables.
Avino Silver & Gold Mines Ltd. and Bralorne Gold Mines Ltd.: Further to their joint news release dated June 30, 2014, Avino and Bralorne have executed a binding arrangement agreement whereby Avino will acquire all of the outstanding common shares of Bralorne which Avino does not already own by way of a plan of arrangement under the Business Corporations Act (British Columbia).
Robex Resources inc. ("Robex" or the "Company") confirms the closing of a CDN$3.5 million temporary credit facility (the "Credit Facility") provided by Mr. Georges Cohen, President and CEO of the Company.
Burnstone Ventures Inc. ("Burnstone") is pleased to announce that it has entered into a binding letter agreement (the "Letter Agreement") with Abacus Mining & Exploration Corporation ("Abacus"), to be followed by a definitive Arrangement Agreement, whereby Abacus will acquire all of the issued and outstanding securities of Burnstone by way of a statutory court-approved plan of arrangement (the "Arrangement").
Castle Mountain Mining Company Limited: is pleased to announce, further to its press release dated July 7, 2014, that it has selected M3 Engineering and Technology Corp. (M3) to be the lead consultant on the feasibility study for its Castle Mountain Mine. M3 has provided services for over 9500 projects for some 1000 clients in its 28-year history, including 500 major mine facility studies.
BE Resources Inc. ("BE" or the "Company") is pleased to announce that it has entered into a Letter of Intent ("LOI") with Cunningham Energy, LLC ("Cunningham"), of Charleston, West Virginia to acquire approximately 425 acres of oil leases in the Stringtown, Rock Creek, and Green Creek oil fields (collectively known as the "Oil Leases") within the Smithfield District in West Virginia, and not less than approximately 400 additional acres to be agreed upon, contiguous to the Oil Leases.
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