Company Announcement: $4M placement to accelerate ramp-up of silver production

Alcyone Resources Limited is pleased to announce that it has finalised arrangements to raise $4 million through a share placement to accelerate the ramp-up of silver production, reduce operating costs and fund new exploration initiatives at its...

Canada Lithium to raise another C$30m, shares slide

Shares in Canada Lithium lost over 10% of their value on Tuesday, after the company said it would sell C$30-million in stock to complete the mine it is building near Val d'Or in Québec. The TSX-listed company filed a preliminary short-form...

Marengo eyes C$30m capital raising for Yanderra

ASX- and TSX-listed Marengo Mining was expected to raise some C$30-million through a share offering to finalise the feasibility study at its Yanderra copper-molybdenum-gold project, in Papua New Guinea. Shares would be offered at C$.25c a share,...

St Andrews Goldfields takes off on Trapeze valuation comments

Shares in St Andrews Goldfields, which produces the yellow metal from three mines near Timmins, gained over 20% this week, after its biggest shareholder called the company “ridiculously undervalued”, and investors anticipated good news when...

Western Copper seeks C$5,38m in flow-through offering

TSX-listed Western Copper plans to sell flow-through shares and warrants in a private placement to raise about C$5,38-million, the company said on Friday. The firm has appointed Casimir Capital to act as agent in connection with the placement,...