TomaGold Hits Three High-Grade Gold Intersections at Monster Lake, Including 42 g/t Au Over 7.2 m at a Vertical Depth of 278 m

TomaGold Corporation (TSX VENTURE:LOT) ("TomaGold" or the "Company") and Quinto Real Capital Corporation ("Quinto") are pleased to announce the results of the three first holes of the 2,500-metre drilling program on the Monster Lake property, located 44 km southwest of Chibougamau, Quebec.

These first holes were drilled on Sections 1230E to 1265E of the 325 Zone, on the same 290° azimuth. The holes were drilled at dips of -50°, -60° and -70° to intersect the mineralized zone at vertical depths of 175 to 275 metres. AGATLabs of Mississauga, Ontario, reported the following results:

Keegan Resources Inc.: PMI and Keegan Agree to Terminate Merger Plans

PMI Gold Corporation ("PMI") (TSX:PMV)(FRANKFURT:PN3N)(ASX:PVM) and Keegan Resources Inc. ("Keegan") (TSX:KGN)(NYSE MKT:KGN) jointly announced today that they have terminated the arrangement agreement (the "Arrangement Agreement") they entered into on December 5, 2012 in accordance with its terms. This decision comes as a result of the mutual determination of PMI and Keegan that it is unlikely that PMI's shareholders will approve the transactions contemplated by the Arrangement Agreement. The termination of the Arrangement Agreement is not on account of any differences arising between the respective boards about valuation issues or on account of any new facts having come to their attention.

Entree Gold Secures US$55 Million Financing Package From Sandstorm Gold

Entrée Gold Inc. (TSX:ETG)(NYSE MKT:EGI)(FRANKFURT:EKA) ("Entrée" or the "Company") announces that it has entered into a comprehensive financing package with Sandstorm Gold Ltd. (TSX:SSL)(NYSE MKT:SAND) ("Sandstorm") for immediate gross proceeds of approximately US$55 million.

The financing package consists of three key components:

• Equity participation and funding agreement ("Funding Agreement") that provides for a US$40 million upfront deposit and ongoing payments from Sandstorm. In return, Entrée will use future payments that it receives from its mineral property interests to purchase and deliver metal credits, in amounts that are primarily indexed to Entrée's share of gold and silver by-products and, to a lesser extent, copper production from the Company's joint venture property in Mongolia

  Published: 15 February 2013

  Written by Editor

  TSX   Mining   Financing   Interesting News  

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Orko Announces Superior Proposal

Orko Silver Corp. ("Orko" or the "Company") (TSX VENTURE:OK)(PINKSHEETS:OKOFF)(FRANKFURT:OG3) announces that it has received a binding proposal from Coeur d'Alene Mines Corporation ("Coeur") for the acquisition by Coeur of all of the issued and outstanding common shares of Orko (the "Orko Shares") by way of a plan of arrangement (the "Coeur Proposal"). The Board of Directors of Orko (the "Orko Board") has unanimously determined, after receiving the advice of its financial and legal advisors, that the Coeur Proposal constitutes a "Superior Proposal" pursuant to the arrangement agreement between Orko and First Majestic Silver Corp. ("First Majestic") originally announced on December 16, 2012 (the "First Majestic Agreement") and has provided notice of such determination to First Majestic.