TORONTO, ONTARIO — (Marketwire) — 12/07/12 — Platinex Inc. (TSX VENTURE: PTX), has entered into an agreement with Probe Mines Limited to sell 100% interest in its Ivanhoe property. The Company will receive $80,000 as well as 50,000 common shares, and grant a net smelter royalty ("NSR") of 1.5% on the property. The securities will be subject to a restricted period of four months and one day from the date of issuance. The purchase is subject to TSX Venture Exchange approval.The Ivan
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 12/07/12 — International Montoro Resources Inc. ("Montoro") (TSX VENTURE: IMT)(PINKSHEETS: IMTFF)(FRANKFURT: O4T) has given Notice of Termination to Electric Metals Inc. (TSX VENTURE: EMI) pursuant to the terms of the Mineral Option Agreement (the "Agreement") on the Chuchinka Property dated June 9, 2010.Several terms of the Agreement had not been fulfilled on July 12/12 and following Notice of Default provided on October 29/1
MONTREAL, QUEBEC — (Marketwire) — 12/07/12 — Stornoway Diamond Corporation (TSX: SWY) is pleased to announce that its wholly-owned subsidiary Les Diamants Stornoway (Canada) Inc. has completed a Financing Agreement with the Quebec Ministere des Finances et de l-Economie ("MFE") under which Stornoway will be financed to complete the construction of a mining-grade access road to the Renard Diamond Project (the "Renard Mine Road"). The Financing Agreement is pursuant to a F
DALLAS, TX — (Marketwire) — 12/07/12 — Southridge Enterprises Inc. (PINKSHEETS: SRGE) ("Southridge" or the "Company") is pleased to announce the completion of the drill program at Gran Cabrera property in Cinco Minas, Mexico. 37 holes totaling 3,246m have been completed at Gran Cabrera Mine and bringing the drill density to a higher level which is more suitable for a mineral resources estimation.Assay results have been received for the first sixteen holes from Gran Cabrer
MONTREAL, QUEBEC — (Marketwire) — 12/07/12 — Midland Exploration Inc. ("Midland") (TSX VENTURE: MD) is pleased to announce that it has signed an engagement letter with Laurentian Bank Securities Inc. to complete a private placement for gross proceeds of $2.5 million. The private placement will consist of 909,091 flow-through shares at $1.65 per share for an amount of $1,500,000 and 769,231 units at a price of $1.30 per unit, for an amount of $1,000,000. Each unit will be comprised
ST. PAUL, MINNESOTA — (Marketwire) — 12/07/12 — PolyMet Mining Corp. (TSX: POM)(NYSE MKT: PLM)(NYSE Amex: PLM) ("PolyMet" or the "Company") today reported that it has filed its financial results for the three months ended October 31, 2012. PolyMet controls 100% of the development-stage NorthMet copper-nickel-precious metals ore-body and the nearby Erie Plant, located near Hoyt Lakes in the established mining district of the Mesabi Iron Range in northeastern Minnesota.The
TORONTO, ONTARIO — (Marketwire) — 12/07/12 — Bold Ventures Inc. (TSX VENTURE: BOL) ("Bold" or the "Company") is pleased to announce that it is in receipt of the recently completed geological data compilation reports relating to two of the Company-s four projects located in the prolific Abitibi Greenstone Belt of Northwestern Quebec. The claim groups were acquired in areas that Bold management deemed to be prospective for base and precious metals due to the geological env
TORONTO, ONTARIO and VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 12/07/12 — Argonaut Gold Inc. ("Argonaut") (TSX: AR) and Prodigy Gold Inc. ("Prodigy") (TSX VENTURE: PDG)(FRANKFURT: KX3) are pleased to announce that their respective shareholders have approved the previously announced plan of arrangement whereby Argonaut will acquire all of the issued and outstanding common shares of Prodigy.At their respective special shareholders- meetings held earlier today, 99.93% of
TORONTO, ONTARIO — (Marketwire) — 12/07/12 — (All amounts expressed in Canadian Dollars unless otherwise stated)Torex Gold Resources Inc. (the "Company" or "Torex") (TSX: TXG) announced today its financial results for the three and twelve months ended October 31, 2012.FOURTH QUARTER 2012 REPORT HIGHLIGHTSFINANCIAL HIGHLIGHTSThe net loss for the three and twelve months ended October 31, 2012 increased to $17.2 million and $61.2 million, respectively, compared with a net lo
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 12/07/12 — Astur Gold Corp. (TSX VENTURE: AST)(FRANKFURT: CDC) ("Astur Gold" or the "Company") is pleased to announce that it has revised the processing design at its Salave gold project to eliminate the use of cyanide. The Company decided to discard the planned pressure oxidation and CIL circuits and instead produce a high grade flotation concentrate for shipment to a smelter. Astur Gold is currently in discussions with sever
