Archive for December, 2009

Prelim Capital Signs Agreement with Hudson River

Prelim Capital Inc. (TSX VENTURE:PLM.P) reported that it has signed a binding Amalgamation and Qualifying Transaction Agreement dated December 18, 2009, with Hudson River Minerals Ltd., relating to the Company’s proposed qualifying transaction under the policies of the TSX Venture Exchange originally announced on October 6, 2009 and referred to in the press release of December 7, 2009.

Shear Minerals & Takara Resources signs LOI

Shear Minerals Ltd. (TSX VENTURE:SRM) and Takara Resources Ltd. (TSX VENTURE:TKK) jointly reported that they have signed a letter of intent with whereby Shear can earn an option in all mineral rights including up to 70% in diamond rights on specific targets to the Miskamowin Project, Manitoba and that a VTEM airborne survey is currently underway.

International Millennium Amends Private Placement

International Millennium Mining Corp. (TSX VENTURE:IMI)(FRANKFURT:L9J) reported that, encouraging response to the Company’s private placement, initially announced December 9, 2009, has resulted in the placement being over subscribed by 2,217,237 units.

Colossus Minerals & COOMIGASP joint ventured approved

Colossus Minerals Inc. (TSX:CSI) and joint venture partner COOMIGASP reported that their joint-venture company, Serra Pelada Companhia de Desenvolvimento Mineral (“SPC”), has received approval by the Departamento Nacional de Producao Mineral (Brazilian Department of Mining and Energy) for the Final Exploration Report on the Serra Pelada Project.

Western Troy Capital completes private placement

Western Troy Capital Resources Inc. (TSX VENTURE:WRY) reported that the company has completed its previously announced non-brokered private placement of 4,000,000 Flow-Through Units at a price of $0.40 per Unit for gross proceeds of $1,600,000.

ACFAW Acquires 101 Platinum Group Mineral Claims

ACFAW.COM (CNSX:ACW) reported that the company has acquired important platinum and platinum group element land packages in Quebec from St-Georges Minerals Inc., and arranged a financing of a minimum of $250,000 up to a maximum of $750,000 of units. ACFAW.COM further announces that it has entered into agreements to acquire, subject to Shareholder and regulatory approval, a total of 101 claims for 50.5 km2 in Quebec’s Abitibi and North Shore regions.