Posts by Marketwire - Mining and Metals:

Eloro Resources Announces Closing of Previously Announced Private Placement

TORONTO, ONTARIO--(Marketwire - Oct. 21, 2011) - Eloro Resources Ltd. (TSX VENTURE:ELO)(FRANKFURT:P2Q) ("Eloro" or the "Company") is pleased to announce that it has closed the previously announced private placement of flow-through units (see Eloro news release dated September 1, 2011). Eloro closed the sale of 4,625,000 flow-through units at a price of $0.20 per unit for gross proceeds of $925,000. Eloro did not proceed with the sale of any non-flow-through units at a price of $0.18 per unit, as detailed in the September 1, 2011 press release.
Marketwire - Mining and Metals | October 21, 2011 | 8:10 pm

New Carolin Gold Announces Non-Brokered Private Placement and Enters Into Business Development Consulting Agreement

New Carolin Gold Corp. (TSX VENTURE:LAD) (formerly Module Resources Inc. TSX-V:MLE) is pleased to announce that, subject to regulatory approval, it intends to complete a non-brokered private placement with Mr. Bruce M. Rykiss of 300,000 units at a price of C$0.10 per unit for gross proceeds of C$30,000. VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 21, 2011) -
Marketwire - Mining and Metals | October 21, 2011 | 8:10 pm

Rio Alto Closes US$25 Million Financing for Mine Expansion

Rio Alto Mining Limited ("Rio Alto" or the "Company") (TSX VENTURE:RIO)(OTCQX:RIOAF)(BVLAC:RIO)(DBFrankfurt:MS2) is pleased to announce that it has completed definitive documentation for a US$25 million increase in its existing gold prepayment facility (the "Prepayment Facility") with Red Kite EXP 1 ("RKE") and concurrently drew down the full amount available under the Prepayment Facility.
Marketwire - Mining and Metals | October 21, 2011 | 4:31 pm

Gold miners send mixed signals regarding precious metals market

Gold stocks have been volatile of late as concerns regarding Europe's debt crisis resurfaced this week. While gold is traditionally seen as a safe haven in a slowing economy, Phillip Streible, a senior strategist with MF Global explains that "with renewed concerns that Europe will not have any progress any time soon, you are seeing investors take profits on the stock markets and that spills over to the metal markets."
Marketwire - Mining and Metals | October 21, 2011 | 12:16 pm

Osisko responds to TSX halt trade

MONTRÉAL, QUÉBEC--(Marketwire - Oct. 19, 2011) - Osisko Mining Corporation ("Osisko" or the "Company") (TSX:OSK)(FRANKFURT:EWX) was advised by Investment Industry Regulatory Organization of Canada on behalf of the Toronto stock exchange that its stock was halted based on recent trading activity. Osisko is not aware of any corporate developments to account for this activity.
Marketwire - Mining and Metals | October 19, 2011 | 7:41 pm
Big vote of confidence for promoter of Brazil's largest gold project

Carpathian stops building RDM Gold in Brazil after environment wobble, has to amend financing terms

("Carpathian" or the "Corporation") wishes to report that it has been advised of a decision by COPAM, one of the Brazilian environmental authorities having jurisdiction over its RDM gold project situated in Minas Gerais State, Brazil (the "Project"), to attach a condition to the recently granted Ad Referendum License to Install ("AR LI") to the effect that the Corporation's wholly owned subsidiary, Mineração Riacho dos Machados Ltda. ("MRDM"), should not start any installation work on the Project until the AR LI is ratified by COPAM, pending their further review of technical documents.
Marketwire - Mining and Metals | October 18, 2011 | 11:50 pm

Passport Potash Inc.: National Instrument 43-101 Status Update

Passport Potash Inc. (the "Company") (TSX VENTURE:PPI)(OTCQX:PPRTF) announces an update on the status of its NI 43-101 Technical Report ("Report"). As earlier announced the Report is being prepared by SRK Consulting (US) Inc. ("SRK"). SRK has advised that the Report should be finalized the last week of October 2011. Further, the Company has been informed that the Report will not include a current resource estimate.
Marketwire - Mining and Metals | October 18, 2011 | 11:15 pm