Almonty Industries has acquired direct ownership and control of $1,000,000 in principal amount of convertible unsecured subordinated debentures of Woulfe Mining.
Almonty concurrently has acquired the ownership of Woulfe from Dundee and Dundee Resources at a deemed price of $0.056 per share.
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As a result of the acquisition, the company directly owns and controls 29,497,229 Woulfe Shares, representing around 8% of the outstanding Woulfe Shares.
Pure Energy Minerals has signed an agreement with Nevada Alaska Mining (NAM) whereby NAM has granted the company a license to conduct mineral exploration and development testing on certain unpatented placer mining claims in Esmeralda County, Nevada.
NAM has also granted Pure Energy the option to acquire a 100% interest in the property.
Under the terms of the option, Pure Energy is entitled to buy a 100% interest in the property.
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By GlobalDataPaladin has announced the acquisition of strategically important tenements containing the Carley Bore uranium deposit from Energia Minerals for A$1.6m in cash.
The company will issue EMX 40 million Paladin fully paid shares and make a cash payment of A$1.6m million for the purchase of EMX’s EL 08/1645 and EL 08/1646, a land package which covers a sedimentary basin hosting the Carley Bore uranium deposit in Western Australia.
The acquisition is subject to Australian Foreign Investment Review Board approval.
Premier Gold Mines has completed its acquisition of Goldcorp 40% interest in the South Arturo Mine project.
The project is located 8km north-west and along strike from Barrick Gold’s Goldstrike operations, within the Carlin Trend in Nevada.
Premier paid $20m and has transferred to Goldcorp 5% of its interest in the Rahill-Bonanza JV in Red Lake. It also granted a right of first refusal to Goldcorp for a period of three years.
Tasman Metals has completed the previously announced acquisition of 100% interest in the Akanvaara and Koitelainen chromite projects in north-eastern Finland.
Under the terms of the letter of agreement with Kipu Metals the company has acquired the portfolio in exchange for a one-time cash payment of C$45,529.
The projects lie 75km apart in north-eastern Finland.
Image: Several companies have signed deals this week. Photo: courtesy of adamr/FreeDigitalPhotos.net.
