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Extorre Gold Mines announces C$25 million bought deal private placement financing

VANCOUVER, March 7, 2012 /CNW/ - Extorre Gold Mines Limited (AMEX: XG; TSX: XG; Frankfurt:E1R, "Extorre" or the "Company") is pleased to announce that it has entered into an agreement pursuant to which Canaccord Genuity Corp. (the "Underwriter"), has offered to purchase, on a bought deal private placement basis, 3,530,000 common shares (the "Shares") of the Company at a price of C$7.10 per Share for total gross proceeds of C$25,063,000 (the "Offering").

KI First Nation set to block Canadian company from prospecting for gold on their land

Despite the Ontario government’s efforts to avoid a confrontation between Kitchenuhmaykoosib Inninuwug (KI) community members and God's Lake Resources representatives during the world’s leading mining exploration Convention, PDAC, the conflict keeps escalating. Today, KI Chief Donny Morris released a video, shot at Sherman Lake site yesterday, where he is settled to stop any advance from small Canadian mining exploration company God’s Lake Resources (GLR).

Indonesia rule change rattles foreign mine owners

Indonesia will take more of the profits from its vast mineral resources by limiting foreign ownership of mines in a move likely to scare off new investment in the world's top exporter of thermal coal and tin.