HudBay Minerals Inc. announced today it has successfully acquired the 2,562,313 remaining common shares of Norsemont Mining Inc. not already owned by it, representing approximately 2.2% of the issued and outstanding common shares, pursuant to a compulsory acquisition carried out under the provisions of the Business Corporations Act (British Columbia) following its previously announced successful tender offer. As a result of the acquisition of such shares, HudBay now owns 116,103,244 common shares of Norsemont, representing 100% of the issued and outstanding common shares. [Read more...]

Silvercorp Metals Inc. intends to commence a Normal Course Issuer Bid to acquire up to 10 million common shares from June 29, 2011 to June 28, 2012, representing 5.7% of the Company’s 175,047,941 common shares currently issued and outstanding. The Company is taking this action because it believes that prevailing market conditions have resulted in Silvercorp’s shares being undervalued relative to the immediate and long term value of Silvercorp’s portfolio of producing and development properties in China and Canada. [Read more...]

Laurion Mineral Exploration Inc. is pleased to announce a proposed non-brokered private placement (the “Offering”) of up to 7,500,000 flow-through units (each a “Unit”) at a price of $0.10 per Unit for aggregate gross proceeds of up to $750,000.

Each Unit shall consist of: (i) one common share of Laurion (each a ” FT Share”), which will qualify as a flow-through share pursuant to the Income TaxAct (Canada); and (ii) one common share purchase warrant (each a “Warrant”). Each whole Warrant shall entitle the holder thereof to purchase, for a period of 24 months (the “Term”) from the closing of the Offering (the “Closing”), one common share of Laurion issued on a non-flow through basis (each a “Common Share”) upon payment of $0.16 in the first year of the Term or $0.18 in the second year thereof. [Read more...]

Today, www.GlobalEquityReporter.com announced its research report highlighting Portage Resources, Inc. and Sagebrush Gold, Ltd.. Full report download is available at www.GlobalEquityReporter.com/access.php.

In response to the uncertainty surrounding the American dollar due to recent events, many investors have sought out precious metals and other commodities as safe havens for protecting their money. This has been great news for the Gold Sector as increased demand drove up the price of gold to a record high on May 2nd. Getting more per ounce of gold has made mining operations much more lucrative. [Read more...]

Radisson Mining Resources Inc. is pleased to announce it has closed on a $375,000 non-brokered private placement of flow-through units and a $90,000 non-brokered private placement of hard units with the MineralFields Group.

The placement consisted of 2,500,000 flow-through units (the “Flow-Through Units”) in the capital of the Corporation issued at a price of $0.15 (Canadian) per Flow-Through Unit raising aggregate proceeds of $375,000. Each Flow-Through Unit is comprised of one common share of the Corporation issued on a flow-through basis and one-half of one transferable non flow-through common share purchase warrant. Each whole warrant is exercisable into one non flow-through common share for a period of 24 months from the date of closing at an exercise price of $0.30 (Canadian). [Read more...]