Anglo Australian Resources NL (ASX:AAR) (PINK:AAURF) (AAR) is pleased to announce that it has arranged to place approximately 43,000,000 fully paid shares at a price of 3.5 cents per share to sophisticated and professional investors.
Victory West Moly Limited (ASX:VWM) (ETR:R1E) is pleased to announce the signing of a binding Memorandum of Understanding with China Guangshou Group Corp ("CGGC") that, subject to due diligence, is to acquire a 65% interest in the Malala Molybdenum Project.
In parallel with ongoing resource development and feasibility activities for the Cloncurry Copper Project, Exco Resources Limited (ASX:EXS) (PINK:EXRSF) recently commenced a program of exploration activities across a number of high priority targets within its portfolio of Cu-Au projects in North West Queensland.
Exco Resources Limited (ASX:EXS) (PINK:EXRSF) is pleased to announce that it has today issued 16,428,295 shares at 30 cents each (Securities) to Aus-Ore Investments Pty Ltd to raise A$4.9m before expenses. These Securities were issued pursuant to the agreement entered into between the Company and Sin-Tang Development Pte Ltd announced on 10 August 2010.
One of the world's lowest cost gold mines started production earlier today when Australian-listed Kingsrose Mining Limited (ASX:KRM) poured its first bars at the Way Linggo mine on the Indonesian Island of Sumatra. The four bars of dore weighing a total of 5.9kg (a mix of gold and silver) represent the culmination of a 12 month mine development and plant construction phase costing $US12 million.
Exco Resources Limited (ASX:EXS) (PINK:EXRSF) is pleased to announce that is has executed a Subscription Agreement to raise A$4.9m (before expenses) through the issue of approximately 16.4 million fully paid ordinary shares (5% of the total fully paid ordinary shares currently on issue) at 30 cents each ("Subscription Shares") to Aus-Ore Investments Pty Ltd ("Subscriber"), which is an investment vehicle for Sin-Tang Development Pte Ltd of Singapore.
The Board and management of Kingsrose Mining Limited (ASX:KRM) and its 85% owned operating subsidiary, PT Natarang Mining, are pleased to report that the commissioning of the process plant at the Way Linggo Gold/Silver Project is proceeding well and near completion.
