Deals this week: Wexford Capital, T.B. Mining Ventures and more

16 August 2012 (Last Updated August 16th, 2012 18:30)

Wexford Capital has acquired approximately 60.8 million common shares of Oro Mining at $0.11 per share.

Wexford Capital has acquired approximately 60.8 million common shares of Oro Mining at $0.11 per share.

The acquisition will increase Wexford's stake to 52.73% of the issued and outstanding shares of Ora.

T.B. Mining Ventures has signed a letter of intent to purchase all the issued and outstanding securities of Sphere 3D.

It is intended that the transaction shall be completed by way of a three-cornered amalgamation of Sphere 3D, T.B. Mining and a wholly owned subsidiary of T.B. Mining to form a new company, which will be named Amalco.

Century Energy has entered into a definitive property option agreement with Pacific Iron Ore to acquire 51% of the St. Anthony Gold Mine and adjacent properties in the Kenora-Patricia Mining District of Ontario, Canada.

The agreement provides three earn-in options for Century to complete the acquisition.

Goldrich NyacAU Placer, a joint venture company between Goldrich Mining and NyacAU, has purchased a 2% royalty interest from certain Goldrich mining claims at the Chandalar property in Alaska.

Jumbo Basin Corporation sold the stake to Goldrich NyacAU for $250,000.

Micron Enviro Systems has executed a letter of intent with Britannia Mining to merge the companies in the fourth quarter of the 2012 fiscal year.

The merger is expected to bring value to the shareholders of Micron according to its company president Bradley Rudman.

Gunvor Group, through its 50:50 joint venture with Volga Resources, has acquired a 60% stake in Kolmar Management Company.

The remaining 40% stake is held by Bixcut Holdings and controlled by Anatoly Mitroshin.