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.
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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.
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By GlobalDataAustralia-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.
