Galantas Gold Corporation announced a proposed private placement to finance full commercial production and increase high grade resource at Cavanacaw mine in Omagh, Northern Ireland. PLACEMENT The private placement consists of a minimum of 17 to 22 million units at C$0.30 (17p) per unit, where each unit comprises one common share and one warrant. The […]
Tag: extractive industries
Galantas to appoint Brent Omland as a director
Galantas Gold Corporation is to appoint Brent Omland to the board of directors on the closing date of a private placement announced today. Mr Omland is a Canadian chartered accountant and is currently chief financial officer of metals trading company Ocean Partners. He has 15 years’ experience in the mining, metals and trading sectors and […]
Galantas new CEO to bolster Cavanacaw operations
Galantas Gold Corporation’s proposed new chief executive announced he would introduce a stronger operational team for the Canadian company at Cavanacaw mine in Omagh, Northern Ireland. Mario Stifano will replace current CEO Roland Phelps who is to retire on the closing date of a private placement announced today. The Canadian mining executive has previously raised […]
Helium One raises £10m
Helium One Global Ltd has raised £10 million via a “significantly oversubscribed” subscription and placing of 100m ordinary shares each at 10p, representing a 14.5% discount. Proceeds will be used to continue the fast-track development programme of the Rukwa project in Tanzania. The fundraise involved institutional and other investors while Helium One directors participated in the […]
Chesterfield starts percussion drilling in Cyprus
Chesterfield Resources plc announced that it had started percussion drilling as part of its 2021 enlarged and integrated base and precious metals exploration campaign in Cyprus. Following a diamond drill programme at the end of 2020, the miner is exploring for further deposits of copper, gold, zinc and silver with a current focus on its […]
Oriole confirms visible gold at Lawa prospects
Oriole Resources plc announced that visible free gold mineralisation had been identified in multiple holes at its 51%-owned Bibemi gold project in Cameroon. The miner’s current diamond drill programme for 3,080 metres in 28 holes is testing the depth extension of surface gold mineralisation identified at four key prospects: Bakassi Zone 1, Bakassi Zone 2, Lawa West and Lawa East. […]