RMK Jv. PG Hardrock project - More cash for Hardrock PG again
THUNDERBAY, ON, Sept. 28 /CNW/ - PREMIER GOLD MINES LIMITED ("Premier") (TSX:PG) is pleased to announce that it has entered into an agreement - with Jones, Gable & Company Limited (the "Agent") in connection with abest-efforts private placement of "flow-through" common shares("Flow-Through Shares") of Premier at a price of $3.65 per Flow-ThroughShare for aggregate gross proceeds of up to $5.5 million.
TheFlow-Through Shares will be offered by way of private placement toaccredited investors in each of the provinces of Canada.
Premierplans to use the gross proceeds from the sale of the Flow-ThroughShares for exploration programs to be conducted on the Hardrockproject, Red Lake projects and PQ North project in Ontario.
"Premier will remain one of the industry's most active explorers with an exploration budget of approximately $20 Million over the next 15 months," stated Ewan Downie, President of Premier. "We expect our exploration program will include more than 100,000 meteres of drilling on four projects prior to the end of 2010."
The private placement is expected to close on or about October 15, 2009 and is subject to certain conditions typical for a transaction of this nature and the receipt of all necessary regulatory approvals including the approval of the Toronto Stock Exchange.
Premier Gold MinesLimited is a well financed Canadian-based mineral exploration and development company with several projects and deposits in Northwestern Ontario. In the Red Lake gold mining camp, two of these projects areoperated in joint venture with Red Lake Gold Mines.
Premier has active drill programs at its Hardrock Project and its PQ North Project which is strategically located on the main Musselwhite Gold Mine trend.
Thispress release contains "forward-looking information", within themeaning of Canadian securities legislation, which are based on theopinions and estimates of management and are subject to a variety ofrisks and uncertainties and other factors that could cause actualevents or results to differ materially from those projected in theforward-looking information. Such risks and uncertainties include, butare not limited to, risks associated with the mining industry, the riskof commodity price and foreign exchange rate fluctuations, the abilityof Premier to complete the offering and fund the capital and operatingexpenses necessary to achieve the business objectives of Premier, aswell as those risks described in public disclosure documents filed byPremier. Due to the risks, uncertainties and assumptions inherent inforward-looking information, prospective investors in securities ofPremier should not place undue reliance on the forward-lookinginformation.
The Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.
Roxmark Mines Ltd. ( RMK TSXV) is showing a bold V shaped pattern which is considered bullish. Average daily volume is 529,152 shares a day over the last three months. Yesterday it traded 1.15M shares for a total value of $264,000.
The research I conducted on Roxmark has a lot of drilling going on which means that the news stream is strong and when you are a junior mining company the value of the stock moves with new information based on activity.
While it is important to establish a solid land position and working agreements with other companies that have interest in a district, that type of news only goes so far. I would say until there is a new drilling program in the works it would be best to keep RMK on your close watch list at this point...
Roxmark Mines Ltd. ( RMK TSXV) is developing gold and molybdenum projects in the Geraldton- Beardmore Gold Camp of Ontario. I have had occasion to visit Geraldton, Ontario on business and would like nothing more than to see that community benefit from lots of new mining activity.
When I compare the two companies the dividing line is activity.
RMK is drilling and prospecting and working towards reopening a mine. When you look at the news stream for RMK in comparison to TWD its clear that they are at different stages in their development cycles. rmk2
The six month chart shows a nice spike last week on drill results reported on the Hardrock property where RMK has a 30% JV- owner interest. The stock has pulled back from the spike high and looks like it may test support at $0.20. Roxmark began a drilling program at its Northern Empire Mine in August so expect more news in the coming months. --
Roxmark's Gold is coming very soon maybe a golden opportunity
goldinground February 15, 2009 (more info)
Roxmark ready to move more gold out of the ground. The time is right. The price is right and the discovery is right. Put Roxmark Mines, RMK on the TSX Venture exchange on your watch list. Put Roxmark Mines, RMK on the TSX Venture exchange on your watch list. And watch the gold grow before your eyes. Goldinground. And watch...
Philip F. Cunningham has been a director of the company since August 2004 and Chairman since May 2005 and the major shareholder of Roxmark. Mr. Cunningham was formerly executive vice president of Mackenzie Financial Corporation and chairman of Mackenzie Financial Services Inc.
ROXMARK Video presentation by chairman Philip F. Cunningham - has been a director of the company since August 2004 - and Chairman since May 2005. Mr. Cunningham is executive vice president of Mackenzie Financial Corporation and chairman of Mackenzie Financial Services Inc. He joined the Mackenzie organization in 1982 -
Mackenzie - offers more than 100 investment funds in Canada and the United States - Mackenzie - manages more than $45 billion - for over 1,000,000 investors and their financial advisors... as major shareholder for Roxmark Mines Limited -
chairman Philip F. Cunningham - has bought more and more shares of Roxmark -
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