Red Lake Haulage Drift crosses onto Rahill-Bonanza JV property - Drilling expands high grade gold including 60.01g/t Au across 2.6m

PREMIER GOLD MINES LIMITED (TSX:PG) is pleased to announce that the Cochenour-Red Lake Haulage Drift (Haulage Drift) that is being constructed to link the Red Lake Gold Mines complex to the Cochenour (Bruce Channel) complex has now crossed onto the Rahill-Bonanza Joint Venture Project.  Additionally, surface drilling at the JV Project continues to expand high-grade gold mineralization in the Wilmar Mine target area.  The Rahill-Bonanza Project is located in the heart of the main Red Lake "Mine Trend" and is being explored with joint venture partner Red Lake Gold Mines Limited ("RLGM"), an affiliate of Goldcorp Inc. (TSX:G, NYSE:GG).

The Rahill-Bonanza Project (PG:49% & G:51%) is strategically located between the Red Lake Gold Mines complex to the east, and the Cochenour (Bruce Channel) complex to the west.  Highlights include:

Published: 26 March 2012
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Read more: Premier Gold Mines Limited (TSX:PG)

Two-Thirds of Canadians Looking to 'Lock-In' to a Fixed Rate for Certainty of Mortgage Payments: BMO

- Leger report shows eight in ten Canadians seeking rate certainty for as long as possible - Half of Canadians would consider shortening the amortization on their mortgage - Locking in for a 5 or 10 year term provides certainty of payment and protection against higher rates - 25-year amortization helps build home equity faster - Current rates make home ownership affordable

With interest rate hikes potentially coming as early as next year, a BMO Bank of Montreal study shows Canadian homebuyers are looking for payment certainty for as long as possible and are considering a shorter amortization to build equity in their home.

Published: 15 March 2012
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UnionBanCal Corporation to Acquire Pacific Capital Bancorp

Combination to Substantially Enhance California Central Coast Presence

UnionBanCal Corporation (UNBC) and its primary subsidiary, Union Bank, N.A. (Union Bank), today announced that UNBC has entered into a definitive agreement to acquire Pacific Capital Bancorp (NASDAQ: PCBC - News), a bank holding company headquartered in Santa Barbara, California, for $46 per share in cash. The acquisition, which requires approval from banking regulators and subject to other customary closing conditions, is expected to be completed in the fourth quarter of 2012. Following entry by the companies into the agreement, SB Acquisition Company LLC, the holder of approximately 75 percent of the outstanding shares of common stock of Pacific Capital Bancorp, delivered to Pacific Capital Bancorp its action by written consent adopting and approving the agreement.

Published: 12 March 2012
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Cadence Bancorp, LLC Announces the Acquisition of Encore Bancshares, Inc.
Bank to Leverage Growth Opportunities in Texas

Cadence Bancorp, LLC announced today that it has entered into a definitive agreement to purchase Encore Bancshares, Inc. (Nasdaq:EBTX) in an all-cash transaction. Under terms of the definitive agreement, Cadence will pay $20.62 per share, or approximately $250 million for the approximately 12.1 million outstanding shares of Encore, equating to 2.4x price to tangible book value multiple. Certain members of the Board of Directors of Encore have provided proxies in support of the transaction.

"When we looked at potential partners in Houston, Encore Bancshares stood out," said Paul B. Murphy, Jr., Chief Executive Officer of Cadence Bancorp.   "Encore is a solid franchise with a strategically located branch network, experienced bankers and an enviable customer base. 

Published: 06 March 2012
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Read more: Encore Bancshares Inc ( EBTX )

Kimber Intercepts 7 Metres of 18.3 g/t Gold and 374.3 g/t Silver in New Structure Discovered at Monterde

New Cocos Structure Lies Northeast of Other Carmen Structures, Enlarges Area of Exploration Potential

Kimber Resources Inc. (TSX:KBR)(NYSE Amex:KBX) is pleased to announce ongoing drill results from an additional 14 drill holes at its Monterde gold/silver project in Mexico, including eight holes drilled at Carmen and six holes drilled at Veta Minitas. Of particular interest is drill hole MTC-142A, which intersected a new structure containing 7 metres of 18.3 g/t gold and 374.3 g/t silver. This wide and high-grade gold-silver intersection is located northeast of other known structures in the Carmen deposit and is believed to be a parallel or semi-parallel structure to the current structures that make up the Carmen deposit.

Published: 26 January 2012
Written by Editor
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Read more: Kimber Resources Inc ( KBX )
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