TORONTO, ONTARIO — (Marketwire) — 12/20/12 — Moly Mines Limited (TSX: MOL)(ASX: MOL) is pleased to advise that the Company has conducted a review of its merger and acquisition strategy in consultation with its major shareholder, Hanlong Group (Hanlong).Hanlong has advised the Company that Hanlong maintains its support for the Company-s acquisition strategy and that it will be in a position to financially support an acquisition or project development by the Company from the second half of 20
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 12/20/12 — Cardero Resource Corp. (TSX: CDU)(NYSE MKT: CDY)(NYSE Amex: CDY)(FRANKFURT: CR5) ("Cardero" or the "Company") announces that it has re-priced and closed the first tranche of its non-brokered private placement announced October 31, 2012 to raise gross proceeds of $3,585,057.30. The Company has also arranged a private placement of 8,000,000 flow-through common shares at a price of $0.50 per share to raise gross procee
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 12/20/12 — Avino Silver & Gold Mines Ltd. (TSX VENTURE: ASM)(NYSE MKT: ASM)(BERLIN: GV6)(FRANKFURT: GV6) ("Avino" or "the Company") is pleased to announce that its Mexican subsidiary COMPANIA MINERA MEXICANA DE AVINO, S.A. DE C.V. has entered into a master credit facility with CATERPILLAR CREDITO, S.A. DE C.V., SOFOM, ENR ("Caterpillar Finance") for up to US $5 million.The credit facility bears interest at rates
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 12/20/12 — Prophecy Platinum Corp. (TSX VENTURE: NKL)(OTCQX: PNIKF) ("Prophecy" or the "Company") announces that it has received inquiries from the British Columbia Securities Commission (the"BCSC") with respect to the events leading up to the Company-s news release of July 14, 2011 (the "News Release"), which disclosed the findings of an independent mineral resource estimate (the "Resource Estimate&qu
MOUNT PEARL, NEWFOUNDLAND — (Marketwire) — 12/20/12 — Cornerstone Capital Resources Inc. ("Cornerstone") (TSX VENTURE: CGP) (FRANKFURT: GWN) (BERLIN: GWN) (OTCBB: CTNXF) announced today results from prospecting and geological mapping surveys carried out on its wholly owned Cana Brava property located in south-central Ecuador.Highlights:Brooke Macdonald, President of Cornerstone, stated "Exploration results to date on the Cana Brava property show good potential for significant
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TORONTO, ONTARIO — (Marketwire) — 12/20/12 — Continental Precious Minerals Inc. (TSX: CZQ) announced today that the members of the board of directors have tendered their resignations.Mr. Godin, who resigned as a director but remains the CEO of Continental, thanked the board for their dedicated service and wisdom over the years, noting that under the guidance of the board "Continental is one of only a handful in the junior mining exploration sector that has survived the ups and downs of
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DALLAS, TX — (Marketwire) — 12/20/12 — Fima Inc. (PINKSHEETS: FIMA), through the wholly owned subsidiary American Eagle Operating, LLC, announces it has signed a Purchase Agreement to acquire a drilling rig from Petro Star Oil Company for $275,000. The purchase price will be satisfied with cash and a promissory note. The purchase of the rig will enhance the drilling program that was previously referenced, to increase the production on the leases it purchased in Wichita County, Texas. Managem
FUQING CITY, CHINA — (Marketwire) — 12/20/12 — (NASDAQ: GPRC), China-s leading clean tech manufacturer of recycled low density polyethylene (LDPE), today reported the Company has been notified by the Nasdaq Stock Market ("Nasdaq") that Nasdaq has determined that for the last 10 consecutive business days, from December 5, 2012, through December 18, 2012, the closing bid price of the Company-s common stock has been at $1.00 per share or greater. Accordingly, the Company has regained