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.
Colossus Minerals Inc. (TSX:CSI) announced that the company intends to issue a final reminder that the unexercised common share purchase warrants at $2.70 have been accelerated to expire at 4:00pm (Eastern Standard Time) on November 27, 2009.
Colossus Minerals Inc. (TSX:CSI) today announced that metallurgical test work has been commenced on the Central Mineralised Zone of the Serra Pelada Project, the Colossus-COOMIGASP joint venture located in Para State, Brazil.
Colossus Minerals Inc. announced today the closing of its bought deal offering saying that a total of $24.7 million has been raised including 1.5 units of the over-allotment. Proceeds of the financing will mainly be used to advance the Serra Pelada gold and platinum group metal project in Brazil.
Colossus Minerals announced today a $21 million bought deal at $2.15/share with a half warrant at $2.75. The underwiting is being led by Macquarie Capital Markets and also includes Canaccord Capital, GMP, Dundee, Haywood, and Blackmont. An over allotment option could take the total up to $24.725 million.
Colossus Minerals Inc. announced results including 7.88 metres of 406g/t gold, 98.4g/t platinum, 115.7g/t palladium, 2.74g/t rhodium, and 1.52g/t iridium at a depth of 252 metres. The Serra Pelada project is located in Para State, Brazil. These results are not true width and the release indicates that true width is not known.
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