Posts by CNW Group:

Visible Gold Mines completes $2.87 million private placement

Visible Gold Mines Inc. (TSXV: VGD) (Frankfurt: 3V4) announces closing of its previously-announced private placement by issuing 9,583,333 "flow-through" units at a price of $0.30 per unit, for gross proceeds to Visible Gold Mines of approximately $2,875,000. Visible Gold Mines issued the "flow-through" units to "accredited investors" in Ontario and Québec.

Royal Canadian Mint now selling receipts for initial $250 million gold bars in Ottawa vault

The Royal Canadian Mint is pleased to announce its initial public offering of Exchange Traded Receipts (ETRs) under the Mint's new Canadian Gold Reserves program. Each ETR provides evidence of ownership in physical gold bullion held in the custody of the Mint at its facilities in Ottawa, Ontario. The Canadian Gold Reserves program marks the expansion of the Mint's successful core bullion and refinery business. Subject to market conditions, the initial offering of ETRs is targeting an issue size of approximately CAD$250 million.

Cline Mining sells its Lossan met-coal deposit to Xstrata Coal for Cdn$40 million

Cline Mining Corporation ("Cline Mining" or the "Company") (TSX:CMK) is pleased to announce that Xstrata Coal has agreed to acquire 100% of the Company's metallurgical coal deposit within Cline Mining's Lossan property ("Lossan") for CDN$40 million, subject to customary conditions. Closing is expected to occur on or about October 12, 2011. Lossan is located in the Peace River Coalfield of north eastern British Columbia, Canada and has an NI 43-101 compliant resource of 240 million tonnes. Lossan covers an area of approximately 3,800 hectares.

Alaska superior court confirms Pebble exploration permits

Alaska Superior Court Judge Eric Aarseth has ruled in favour of the State of Alaska and the Pebble Limited Partnership (the "Pebble Partnership" or "PLP") in a case brought by anti-Pebble activists who charged that the state's system for permitting mineral exploration activity is unconstitutional, and that PLP's exploration program has caused environmental harm.

North Atlantic Potash sells potash holdings for $110 million

North Atlantic Potash Inc., the Canadian subsidiary of JSC Acron, today completed the sale of eight of its potash permitted areas to the Yancoal Canada Resources Co. Ltd. of China for $110 million. The sale allows North Atlantic Potash to focus its activity on key areas of interest within its remaining potash permits in Saskatchewan. The infusion of cash means the prioritization of advanced exploration and drilling required to delineate resources can now proceed through a systematic and strategic capital expenditure program. This sale relates to North Atlantic Potash's potash permit holdings located north of Regina (see map on website: permits KP 374, 377, 392, 406, 506, 399, 378, and 507).

Silver Shield discovers additional high grade in New Shear Zone samples 1,799 g/t silver at the La Cumbre silver/gold property, Mexico

Silver Shield Resources (SSR-TSXV) is pleased to announce that it has sampled additional high grade silver near the previously announced north -easterly trending shear, which returned 1.79g/t Au, 4,031g/t Ag and 6.18% Cu over 0.5m, discovered as a result of a soil geochemistry survey at its 100% owned La Cumbre Silver-Gold Property.