HENDERSON, NV — (Marketwired) — 08/20/13 — Searchlight Minerals Corp. (OTCBB: SRCH) ("Searchlight" or the "Company") today announced that it has entered into a binding commitment with Luxor Capital Group ("Luxor") for the issuance of a $2,600,000 secured convertible note (the "Luxor Note"). The Luxor Note will bear interest at a rate of 7% per annum and shall be convertible at the holder-s option into common shares of the Company at a price per share o
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BURNABY, BRITISH COLUMBIA — (Marketwired) — 08/20/13 — Procon Resources Inc. ("Procon") announced today that, further to its press release dated July 25, 2013, earlier today it acquired 14,625,000 common shares of Fortune Minerals Limited ("Fortune") at a price of $0.40 per share for a total consideration of $5,850,000 (the "Second Placement").At the closing of the Second Placement, Procon has beneficial ownership of and control over 29,250,000 common shares of
VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 08/20/13 — Tigray Resources Inc. (TSX VENTURE: TIG) ("Tigray" or the "Company") has granted an aggregate of 4 million stock options to certain directors, officers, employees and consultants pursuant to the Company-s Stock Option Plan. The options have an exercise price of $0.105 per share and an expiry date of August 19, 2018.About TigrayTigray is a Canadian mineral exploration company focused on discovery through advancing e
VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 08/20/13 — True North Gems Inc. (TSX VENTURE: TGX) ("True North" or the "Company") is pleased to announce the completion of successful and productive Public Information Meetings in Qeqertarsuatsiaat, Paamiut and Nuuk, Greenland.All three meetings offered the local population a chance to meet Management from the Company and hear about the project in an informal environment."I would like to thank all of the local participa
VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 08/20/13 — East Africa Metals Inc. ("EAM" or the "Company") (TSX VENTURE: EAM) has granted an aggregate of 5 million stock options to certain directors, officers, employees and consultants pursuant to the Company-s Stock Option Plan. The options have an exercise price of $0.135 per share and an expiry date of August 19, 2018.About East Africa MetalsThe Company-s principal asset is the Handeni Property located in north-eastern
VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 08/20/13 — Canada Carbon Inc. (the "Company") (TSX VENTURE: CCB) is pleased to announce the following results from additional milling and flotation test work conducted at SGS Canada Inc. (Lakefield) on its 100% owned Miller hydrothermal lump/vein graphite property. The objective of this test work was to determine the effects of repeated grind and flotation in order to achieve a higher Graphitic Carbon ("Cg") grade in the conc
TORONTO, ONTARIO — (Marketwired) — 08/20/13 — Portage Minerals Inc. (CNSX: RKX) ("Portage" or the "Company") today announced that, further to its August 6th, 2013 announcement it has filed the information circular ("Circular") for the annual and special meeting (the "Meeting") of Portage shareholders to be held on September 12th, 2013, to approve, among other things, the proposed amalgamation with Tri-Star Resources Plc ("Tri-Star Resources"
VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 08/20/13 — Orex Minerals Inc. (TSX VENTURE: REX) ("Orex") is pleased to announce that the results from additional trench channel sampling along a 380 metres strike-length of the Impulsora structure have been received on the Coneto Gold-Silver Project in Durango, Mexico. A technical committee, with representation of Orex and its project partner Fresnillo plc (LSE: FRES) ("Fresnillo"), is managing the Coneto exploration program
VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 08/20/13 — Prospero Silver Corp (TSX VENTURE: PSL) (the "Company"): The Company is pleased to report the results of a 4,103 meter reverse circulation (RC) 16 drill hole program carried out by joint venture partner Minera Hochschild Mexico, SA de CV at its Baborigame project in southwestern Chihuahua state, Mexico.All holes were drilled in the northern Cebollas target area from readily accessible existing forestry roads, and all holes e
