MacDonald Mines Exploration announced its intention to acquire complete ownership of the Soocana Claims, covering 437.3 acres in Northern Ontario, Canada, from Sage Gold.
MacDonald is a mineral exploration company, while Sage Gold is engaged in mineral exploration and development. Both the companies involved in the transaction are based in Canada.
Under the acquisition, Sage will receive four million units of class A common shares and warrants of MacDonald along with a 1% NSR (net smelter return) royalty.
Canada-based uranium exploration and development company NexGen Energy is planning to raise $60m by issuing unsecured convertible debentures to CEF Holdings Limited (CEF) under a binding term sheet.
With a 7.5% a year coupon rate and a five-year term, the debentures can be converted into common shares at a price of $2.69 each.
The company also intends to raise $50m through a private placement of common shares.
Australia-based Clancy Exploration Limited has agreed to acquire 10% stake initially in the Leogang Co Ni Cu Sulphide Project in Austria from Cadence.
As part of the agreement, Cadence will issue 73.75 million ordinary shares worth A$0.464m ($0.356m) to Clancy.
Clancy is engaged in mineral exploration and development.
Canada-based silver mining company Santacruz Silver Mining has agreed to sell 100% interest in Gavilanes project located in Durango, Mexico, to a gold and silver producer for $3.5m.
The project includes ten mining concessions spread over a total area of 8,832ha.