Posts by Marketwire - Mining and Metals:

Cadillac announces $7 million brokered private placement financing

Cadillac Ventures Inc. (TSX VENTURE:CDC) ("Cadillac" or the "Company") is pleased to announce that it has engaged a syndicate of agents led by NCP Northland Capital Partners Inc. and including Stifel Nicolaus Canada Inc. and Secutor Capital Management Corporation (the "Agents") to complete a private placement financing, on a reasonable efforts basis, of units (the "Units") at a price of $0.21 per Unit and flow-through common shares (the "Flow-Through Shares") at a price of $0.23 per Flow-Through Share, in any combination, for aggregate gross proceeds of up to $7,000,000.

Passport Potash signs LOI to acquire 50% ownership interest in HNZ Potash, LLC

Passport Potash, Inc. (TSX VENTURE:PPI)(OTCQX:PPRTF) has signed a letter of intent to enter into binding agreements under which NZ Potash, LLC will sell to Passport its 50% ownership interest in HNZ Potash, LLC. Passport and HNZ Potash will strive to jointly develop their combined potash properties in the Holbrook Basin. When combined the properties will contain over 200,000 acres of mineral rights and will cover over 300 square miles. Following the release of Passport's NI 43-101 from SRK containing an exploration potential, the Company intends to jointly prepare an NI 43-101 resource report with HNZ Potash. Exploration activities of the combined companies that have been completed to date consist of over 50 drilled wells and over 100 lines miles of 2D seismic.

Manitoba’s Gossan Resources investing in Greece, undertaking private placement

Gossan Resources Limited (TSX VENTURE:GSS)(FRANKFURT/FREIVERKEHR & XETRA:WKN 904435) has signed a Letter of Intent (LOI) with East Mining Company SA ("EMC") of Athens, Greece, to investigate and examine the possibilities of acquiring mineral projects within Europe, on a non-exclusive basis, and initially to assess three potential projects in Greece. Additional projects may be pursued.

Cascadero Copper Corporation Options Powerline Gold Prospect Sudbury, Ontario

Cascadero Copper Corporation (TSX VENTURE:CCD) has entered into an Option Agreement that enables it to earn a 100% interest in the Powerline gold prospect (the "Property") in Street and Scadding Townships in the Sudbury Mining District, Ontario. The Property consists of 31 contiguous units in four claims blocks. The agreement provides for cash, shares and an exploration commitment over a four-year term. The Property is subject to a 3% net smelter return royalty (the "NSR"), 50% of which can be purchased for cash.

Concordia Resource to buy Swala Resources in 12,400 square kilometre Africa land grab

Concordia Resource Corp. (TSX VENTURE:CCN) ("Concordia") is pleased to announce that, further to its news release dated September 6, 2011, it has signed an arrangement agreement (the "Agreement") with Swala Resources Inc. ("Swala"), dated October 20, 2011. Under the Agreement Concordia has agreed to acquire all of the issued and outstanding Swala securities pursuant to a plan of arrangement. Swala brings to Concordia an extensive exploration portfolio in the resource endowed regions of Burkina Faso, Gabon, the Democratic Republic of Congo (the "DRC"), Zimbabwe and Mozambique with a land package totaling over 12,400 km2, as well as an experienced management team and board of directors with extensive expertise in Africa. Completion of the plan of arrangement transaction is expected by December 2011.

Silvercorp Receives Clear Forensic Accountants Report

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 24, 2011) - Silvercorp Metals Inc. (TSX:SVM)(NYSE:SVM) ("Silvercorp" or the "Company") advises that it has received the report of KPMG Forensic Inc. ("KPMG"), commissioned by its Special Committee (the "KPMG Report") to review the allegations issued by two anonymous sources in September respecting the Company's financial position.

Harmony Terminates Option to Acquire Purisima Project

Harmony Gold Corp. (TSX VENTURE:H) (the "Company") announces that it has terminated the option agreement (the "Agreement") with ECI Exploration and Mining Inc. ("ECI") pursuant to which it had been granted an option to acquire up to a 70% interest in ECI's Purisima Project located in the state of Nayarit, in west-central Mexico.