Agnico Eagle announces additional investment in Belo Sun
- Published: 11 March 2016
- Written by Editor
VANCOUVER, March 7, 2016 - Silver Standard Resources Inc. (NASDAQ:SSRI ) (TSX:SSO.TO ) ("Silver Standard") and Claude Resources Inc. (TSX:CRJ.TO ) ("Claude Resources") are pleased to announce that they have entered into a definitive agreement (the "Agreement") whereby Silver Standard will acquire all of the outstanding common shares of Claude Resources pursuant to a plan of arrangement (the "Transaction") to create a high-quality intermediate precious metals producer with assets in the Americas.
Under the terms of the Agreement, all of the Claude Resources issued and outstanding common shares will be exchanged on the basis of 0.185 of a Silver Standard common share and C$0.001 in cash per Claude Resources share, representing total consideration of C$1.65 per share of Claude Resources based on the value of Silver Standard's common shares as of the close of business on March 4, 2016. This implies an equity valuation of C$337 million for Claude Resources.
TORONTO, ONTARIO--(Mar 4, 2016) - Unigold Inc. ("Unigold" or the "Company") (TSX VENTURE:UGD) is pleased to announce recent results from exploration drilling at the Candelones Extension deposit, within the Company's 100% owned Neita Concession in the Dominican Republic.
The Company has completed four holes at Target B; the second of three targets selected for drill testing (Ref. Figure 1.0). The drilling at Target B included four holes, centered on previous hole LP28 (16.4 g/t Au; 26.7 g/t Ag; 0.3% Cu; 2.4% Zn over 15.0 metres ("m")).
INCREASES RESERVES BY 310% AND GRADE BY 63% -- ANNOUNCES 2016 DRILL PROGRAM
Key Highlights Pilar Gold Mine
172,000 ounces of gold in Proven and Probable Reserves, up 310% compared to 2014
Proven and Probable gold grade of 4.39 g/t increased 63% compared to 2014
514,000 ounces of gold in Measured and Indicated Resources, up 56% compared to 2014
Significant increase to life of mine to the end of 2019 at current production levels
Latest drilling results and improved block modeling have confirmed three significant mineralized banded iron formations (BA, BF, and BFII)
2016 definition drill program is planned with 10,725 metres (61 holes) from underground
GEORGE TOWN, Grand Cayman, March 4, 2016 (GLOBE NEWSWIRE) -- Endeavour Mining (EDV.TO) (EDVMF) is pleased to announce that it has entered into a definitive arrangement agreement with True Gold Mining Inc. ("True Gold") (TGM.V) pursuant to which Endeavour Mining will acquire all of the issued and outstanding common shares of True Gold via a court-approved plan of arrangement (the "Arrangement Agreement"). In conjunction with the acquisition, Endeavour Mining is pleased to announce that La Mancha Holding S.ar.l., its largest shareholder with 30% ownership, intends to exercise an anti-dilution right that will result in an approximate CDN$82.6 million (US$61.5 million) new equity placement in Endeavour Mining.