Auryn Resources Inc. Increases Private Placement to $7.15 Million

VANCOUVER, Nov. 27, 2014  - Auryn Resources Inc. (TSX-V: AUG, "Auryn" or the "Company"), is pleased to announce that it has increased the non-brokered financing announced on October 16th, 2014 from $3,250,000 to $7,150,000 as a result of increased demand. The placement will now consist of up to 11 million common shares of the Company at a price of CAD$0.65 per share (the "Offering").

The Company intends to use the net proceeds, as well as its existing treasury to continue the pursuit of mineral property opportunities globally.  At this time, the Company has not entered into any definitive agreement with respect to any of these acquisitions.

Read more: Auryn Resources Inc ( AUG )

Auryn Resources Inc. To Raise up to $3,250,000

VANCOUVER, Oct. 16, 2014 Auryn Resources Inc. (TSX-V: AUG, "Auryn" or the "Company"), is pleased to announce that it intends to raise up to $3,250,000 through a non-brokered private placement. The placement will consist of up to 5 million common shares of the Company at a price of CAD$0.65 per share (the "Offering").

The Company intends to use the proceeds for mineral property acquisitions and general corporate purposes.

Read more: Auryn Resources Inc ( AUG )

Trevali Sells Non-Core Asset for USD$13.5 Million

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jul 2, 2014) - Trevali Mining Corporation ("Trevali" or the "Company") (TV.TO)(TREVF)(TV.TO)(4TI.F) announces that it has closed an agreement (the "Agreement") selling its wholly-owned Tingo run-of-river hydroelectric station ("Tingo") in Peru to Volcan Compañía Minera S.A. ("Volcan") for USD$13.5 million.

 

Through the Agreement the Company has monetized Tingo, a non-producing, non-core asset to its main business of mine development and metal production, and has strengthened its balance sheet.

Read more: Trevali Mining Corporation ( TV )

By Chris Berry

  • Precious metals roared higher yesterday.
  • This was presumably due to a confluence of events including Iraq dissolving into civil war, more unrest in the Ukraine, and Fed Chair Yellen's dovish remarks regarding keeping rates low for an extended period.
  • Lest we get too excited, base metals were left in the dust and bond yields fell precipitously.
  • These two reliable indicators of growth (and inflationary expectations) lead us to believe that what happened yesterday was either short covering or a profit taking opportunity and nothing more.

[ Read The Whole Blog Post ]

 

Canada Carbon Achieves Exceptional 99.7% C(t) Graphite Flotation Results Without Chemical Treatment

VANCOUVER, BRITISH COLUMBIA-- May 22, 2014 - Canada Carbon Inc. (the "Company") (TSX VENTURE:CCB) is pleased to provide the following update on the flotation concentration tests for the Company's past-producing Miller Mine Graphite Property hydrothermal graphite mineralization, being conducted by SGS Canada Inc. ("SGS") at their facilities in Lakefield, Ontario.

As previously reported by press release dated May 1st, 2014, SGS is conducting a metallurgical test program on a 50-kilogram composite sample of the Miller hydrothermal graphite, with the objective of developing a flotation concentration flow sheet which optimizes the preservation of the crystalline graphite structure, as well as particle size, in order to maximize the potential economic value of this high-purity graphite.

Read more: Canada Carbon Inc ( CCB )