VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 12/20/12 — Belvedere Resources Ltd. (TSX VENTURE: BEL) ("Belvedere") is pleased to announce that it has produced its annual Resource statement for the Hitura Mine as presented in the table below.David Pym (CEO) comments "Since the last resource update, the mines total mineral reserves have remained largely static as the development of new reserves keeps pace with mining. Total 2P reserves remain at approximately three years of prod
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 12/20/12 — (All US$ unless otherwise specified)Mercator Minerals Ltd. (TSX: ML) ("Mercator" or "Company"), further to the Company-s September 28, 2012 press release, is pleased to announce that it has executed an agreement with RMB Australia Holdings Limited ("RMB") for a $30 million corporate debt facility ("Facility"), arranged by RMB Resources Inc., a resource financing division of the FirstRand Group of
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 12/20/12 — Gilby Len Hastman and Darcy Kim Hastman (the Concerned Shareholders) announce that on December 18, 2012 the British Columbia Supreme Court declined to find that article 14.10 of the Company is inoperative or of no effect with respect to the nominations of James E. Rainbird and Richard Alexander Defreitas at the Company-s upcoming AGM and declined to make an order that the AGM be adjourned until January, 2013. Consequently, the AGM is s
BOUCHERVILLE, QUEBEC — (Marketwire) — 12/20/12 — Strateco Resources Inc. ("Strateco" or the "Company") (TSX: RSC)(FRANKFURT: RF9) is pleased to announce that it has closed a $3 million bridge loan with an accredited investor, The Sentient Group ("Sentient"), an insider of the Company.The loan is secured and must be repaid within 10 business days from the receipt by Strateco of the 2012 tax credits for resources, or at the latest, by December 10, 2013. The loan
BOUCHERVILLE, QUEBEC — (Marketwire) — 12/20/12 — Strateco Resources Inc. ("Strateco") (TSX: RSC)(FRANKFURT: RF9) is pleased to announce that it completed the buyback today of the 2% NSR royalty on production from its Matoush property.Strateco paid Ditem Exploration Inc., the owner of the royalty, CA $1 million. In the current challenging financial context, this 2% buyback allows Strateco to consider non-equity modes of financing.Strateco owns 100% of the Matoush uranium property,
MONTREAL, QUEBEC — (Marketwire) — 12/20/12 — Dios Exploration Inc. (TSX VENTURE: DOS) reports to its shareholders preliminary results from channel diamond saw sampling from 2012 fall trenching on the AU33 WEST property, James Bay area, Quebec, optioned to Osisko Mining Corporation in 2011. Ten trenches were dug to test geochemical soil anomalies or to extend previous known showings. Best results were returned in T7 trench on the Heberto showing that assays 5.0 g/t gold over 5.25 m and 1.12
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 12/20/12 — Geodex Minerals Ltd. (TSX VENTURE: GXM)(FRANKFURT: G2W) ("Geodex") has closed the non-brokered private placement announced December 11, 2012. The offering consisted of 2,330,000 units (the "Units") at $0.09 per Unit, raising $209,700. Each Unit is comprised of one common share and one share purchase warrant (a "Warrant"). Each full Warrant is exercisable into one Geodex common share at $0.12 per share for
– Lower capex faster to production underground mining selected for Copper Creek – Open pit remains as a potential alternative – Underground M&I resources increase from 27 million tons to 153 million tons – Tighter block model and expanded M&I resource increases confidence – Objectives of 2011/2012 drill program fully accomplished – Preliminary Economic Assessment (PEA) based on new resource expected in Q1 2013
WILMINGTON, MA — (Marketwire) — 12/20/12 — (OTCQB: IMSC), a high technology supplier of systems and sensors for homeland security and defense markets, today announced it has received payment of approximately $5,654,000 or 95% of the amount due from the India Ministry of Defence. Implant Sciences announced the shipment of its Quantum Sniffer QS-H150 handheld explosives trace detectors to the Ministry on November 29, 2012. The funds will be applied to reduce the Company-s obligation for accru
MONTREAL, QUEBEC — (Marketwire) — 12/20/12 — Velan Inc. (TSX: VLN) today announced that on Tuesday, January 8, 2013, it will release third quarter results ended November 30, 2012.The company will hold an analyst call on Tuesday, January 8, 2013 at 4:30 p.m. (Eastern Daylight Time) to discuss the results. The call may be accessed by dialing 888-224-7971, and quoting the reservation number 21628978. There will be a PostView available for 7 days following this conference call. The numbers are
