Premier Gold Mines: McCoy-Cove delivers top drill results!
Premier Gold Mines will become a gold producer soon (together with Barrick Gold on its 40%-owned South Arturo gold project in Nevada). While it is closing in on that milestone it is also busy drilling away at its McCoy-Cove gold project, around 200km away. There, the company most recently intersected 14.2m grading 17.03g/t Au and 8.82g/t Ag. This was part of a much larger width – 124.1m – grading 3.54g/t Au and 3.05g/t Ag. These recent drillings are part of a campaign, which shall close a gap between two known gold zones. Should Premier Gold be able to prove that this gap also accommodates a significant gold and silver deposit, the company could sit on a multi-million ounce treasure.
EnWave signs royalty-bearing Commercial License Agreement and submits purchase order
EnWave recently announced that it has signed a royalty-bearing Commercial License Agreement with Kesito LLC, a company specializing in healthy snack production and global distribution. The agreement grants Kesito the right to use EnWave’s Radiant Energy Vacuum (“REV™”) technology exclusively in the country of Greece for the production of dried cheese snack products. Pursuant to the CLA, Kesito has submitted a purchase order for a commercial REV™ machine, which will allow Kesito to complete product development and initially enter the European market with a high-quality, shelf-stable dried cheese snack product. This agreement is the eighth license granted by the company to use REV™ technology for the production of cheese products and the third confirmed commercial European partner. Trend: upwards! Like the revenues of the company!
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Release of Wasabi-based health product
Klondex Mines: All matters presented for approval authorized and approved
A couple of days ago, Klondex mines announced, that all matters presented for approval at the special meeting of shareholders were duly authorized and approved, each by more than 98% of the participating shareholders.
This included the following points:
- election of all management nominees to the board of directors of the Company;
- appointment of PricewaterhouseCoopers LLP as auditors of the Company for the ensuing year and authorization of the directors to fix their remuneration;
- approval of the Company’s share option and restricted share unit plan and of all unallocated entitlements thereunder; and
- approval of a non-binding advisory resolution on the Company’s approach to executive compensation.
Therefore, the participating shareholders gave the management a positive testimonial and vocalized their trust in it.
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Klondex Mines Q1-2016 and more
Rye Patch Gold: Mega financing finished!
A few days ago, Rye Patch Gold announced that it has finished its mega financing of 49,114,393 CA$. Therefore the company issued 223,247,242 subscription receipts of the 0.22 CA$ per Subscription Receipt. Each Subscription Receipt will entitle the holder to receive one common share of Rye Patch, without additional payment or further action on the part of the holder, when all conditions precedent to the completion of the Acquisition, completion of a related 27 million US$ credit facility from Macquarie Bank Limited, and conversion of the Subscription Receipts are satisfied or waived by the applicable parties. The net proceeds from the Offering will be used to finance, in part, the purchase price under the Company’s agreement to acquire 100% ownership of the Florida Canyon gold mine (with the Standard gold mine) located in Pershing County, Nevada and related assets, as well as certain working capital and corporate requirements needed to redevelop and expand the Florida Canyon gold mine. Therefore, Rye Patch Gold has fulfilled the first step onto its way to become a significant gold producer.
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Rye Patch Acquires Florida Canyon Gold Mine