Tungsten Mining NL on Tungsten Investing News

Resource Investing News is pleased to announce the launch of Tungsten Mining NL on Tungsten Investing News.

Tungsten Mining NL is an Australian based resources company listed on the Australian Stock Exchange, that has an experienced management team with a proven track record of tungsten mine development. The Company’s prime focus is its high-grade, fully permitted Kilba project in Western Australia.

 

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
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Allegheny Technologies Announces Webcast of Conference Call

PITTSBURGH--Allegheny Technologies Incorporated will provide live Internet listening access to its conference call with investors and analysts scheduled for Wednesday, January 23, 2013, at 1:00 p.m. ET. The conference call will be conducted after the Company's planned release of fourth quarter and full-year 2012 results. To access the broadcast, go to the home page and select "Conference Call". Replay of the conference call will be available on the ATI website.

Building the World's Best Specialty Metals Company

Allegheny Technologies Incorporated is one of the largest and most diversified specialty metals producers in the world with revenues of approximately $5.2 billion for the last twelve months. ATI has approximately 11,300 full-time employees world-wide who use innovative technologies to offer global markets a wide range of specialty metals solutions. Our major markets are aerospace and defense, oil and gas/chemical process industry, electrical energy, medical, automotive, food equipment and appliance, machine and cutting tools, and construction and mining. Our products include titanium and titanium alloys, nickel-based alloys and superalloys, grain-oriented electrical steel, stainless and specialty steels, zirconium, hafnium, niobium, tungsten materials, forgings, castings, and fabrication and machining capabilities.

 

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
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Premier African Minerals Receives Gold Exploration Permits in Togo

 Aim-listed Premier African Minerals on Tuesday said it had secured two gold exploration permits that cover 400 km2 in the highly prospective Dapaong area, in Togo, West Africa.

The miner indicated that the permits were valid for an initial period of three years and that it intended to immediately commence exploration to quantify the full potential of the area, which added to its portfolio of mineral assets in Southern and West Africa.

CEO George Roach highlighted that the permits underlined Premier African Minerals’ development strategy that was aimed at advancing its existing portfolio, which comprised a number of preproduction assets, and increasing its asset base.

“The Dapaong project in northern Togo is an exciting addition to Premier’s diversified multicommodity portfolio. Given the substantial size of the project, the presence of Birimian-aged mineralisation, which has been proven to host commercial gold deposits across Western Africa, and the significant levels of artisanal activity, we consider Dapaong to have excellent development potential,” Roach said.

Substantial gold mineralisation had previously been discovered within Birimian-aged formation belts located in Ghana, Côte d’Ivoire, Mali, Guinea and Burkina Faso.

Major gold mines in the region include GoldFields’ Tarkwa mine, in Ghana, AngloGold’s Oubasi mine, also in Ghana, and Etruscan Resources’ Youga mine, in southern Burkina Faso.

“We expect to be active in 2013, as we look to continue with the development of our RHA and Katete projects [both in Zimbabwe], which are highly prospective for tungsten and rare-earth elements respectively,” Roach indicated.

 

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
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JAG Closes $340,000 Private Placement

MONTREAL, QUEBEC - Jan. 8, 2013 - J.A.G. MINES LTD. has completed the private placement announced in November 2012 for a total amount of $340,000. This placement was offered to "Accredited Investors" in units of $5,000, the share price was $0.10 per share. 3,400,000 Class A shares were issued under this private placement including 2,720,000 in the form of flow-through shares. In addition, 1,700,000 warrants were also issued, each warrant will entitle the holder thereof to acquire one share of the Issuer (on a non-flow-through basis) at a price of $0.20 for a period of twelve (12) months following the Closing date.

Shares issued pursuant to the offering will be subject to a four (4) month hold period. No commissions or finder's fees were paid under the offering.

The proceeds (80%) will be used for exploration expenditures on JAG's Properties in Belleterre-Temiscamingue and St-Robert-Beauce. A drilling campaign is presently underway in St-Robert. The objective is to drill a minimum of 2,500 meters on this property where historic values have been identified in tungsten,gold, silver, and zinc.

 

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
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Colt Resources Strengthens Balance Sheet with $8M Financing Led

Colt Resources Inc. ("Colt" or the "Company") is pleased to announce that it has secured firm commitments to sell on a non-brokered private placement basis to Asian and Portuguese based investors as well as a number of the Company's directors up to 17,777,778 common shares at a price of $0.45 per share for total gross proceeds of up to $8,000,000 (the "Non-Brokered Private Placement"). The majority of the net proceeds from the Non-Brokered Private Placement will be applied towards the Company's Boa Fé Montemor gold project and for general corporate working capital purposes.

The Non-Brokered Private Placement is scheduled for two closings, one today and one on or about January 11, 2013 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange. The securities to be issued under the Non-Brokered Private Placement will be subject to a four-month hold period in accordance with applicable Canadian securities laws. Today, the Company will complete an initial closing for 6,000,000 common shares for total gross proceeds of $2,700,000 and is expecting to complete a final closing on or about January 11, 2013. The Company will pay a finders' fee of up to 6 per cent cash and 6 per cent non-transferable compensation warrants. Each compensation warrant entitling the holder to purchase one additional common share of Colt at CAD $0.55 per share up to and including the 7th day of January 2014.

Each of the subscriptions in the Non-Brokered Private Placement by the Company's directors constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101") and Policy 5.9 - Protection of Minority Security Holders in Special Transactions of the TSX Venture Exchange. However, the directors of the Corporation who voted in favour of the Non-Brokered Private Placement, with the directors subscribing in the Non-Brokered Private Placement abstaining, have determined that the exemptions from formal valuation and minority approval requirements provided for respectively under subsections 5.5(a) and 5.7(1)(a) of MI 61-101 can be relied on as neither the fair market value of the common shares of the Company issued to nor the fair market value of the consideration paid by such directors exceed 25% of the Company's market capitalization. None of the directors of the Company has expressed any contrary views or disagreement with respect to the foregoing. As previously-indicated, the directors who will subscribe to common shares of the Company in the Non-Brokered Private Placement have abstained from voting on the foregoing.

About Colt Resources Inc.

Colt Resources Inc. is a Canadian junior exploration company engaged in acquiring, exploring, and developing mineral properties with an emphasis on gold and tungsten.  It is currently focused on advanced stage exploration projects in Portugal, where it is one of the largest lease holders of mineral concessions.

 

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Tungsten News & Tungsten Prices, WML Version: http://m.chinatungsten.com

 

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