Suncor not ruling out sweetening offer for Canadian Oil Sands
The takeover bid expires on Friday.
The takeover bid expires on Friday.
“In a short period of time we are seeing the results we wanted from this technology..."
Canadian merchant bank Aberdeen International (TSX:AAB) has purchased a lithium-potash project in Argentina through a share purchase agreement valued at CAD$5 million.
The Company intends to use the net proceeds of the Offering for expenditures on the Company's Pen Gold Project, located 75 km south west of Timmins, Ontario.
The company's co-founder James Moffett will step down as chairman and quit the board.
Mining executives tell The Gold Report that the most effective corporate social responsibility programs (CSR) are orchestrated cooperatively instead of applied prescriptively.
The miner said current market conditions are not supportive of a private placement on terms the company would find acceptable.
It expects to complete the sale of the Bald Mountain mine and its 50% interest in Round Mountain to fellow Canadian miner Kinross Gold by mid-January.
The miner, which began the year with an over $13 billion debt, has vowed to reduce the hefty figure by $3 billion before the end of 2015.