Results from mineralized
prix sac a main and un-mineralized material samples, as well as selected representative samples collected from its Colombian projects ran higher than expected in gold, silver and copper, has given the precious metals acquisition, exploration, and development company Orofino four very strong targets and two extremely rich structures to target for gold and copper. Orofino will now implement an airborne magnetometer program, as well as begin site preparation for the diamond drilling planned to take place in the second quarter of 2010.
Gold has a lot of
magasin de sac uses besides as a currency, or medium of exchange, Gold is used for rings, watches, and necklaces, its main use is mostly jewelry, but gold leaf is used in some foods, gold also is used in a lot of high end electronics because it is a good conductor.
Gold is useful in
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Gammon Gold Inc. (NYSE: GRS)
jordan shoes 2010 is pleased to announce that it has entered into an agreement with Corex Gold Corporation to acquire 4,706,000 units of Corex pursuant to a non- brokered private placement. Each unit consists of one common share and one half of one share purchase warrant exercisable at CAD $0.90 for a period of 24 months from
jordan shoes shop the closing date of the transaction. The subscription price for the units is CAD $0.68 per unit for an aggregate purchase price of CAD $3,200,080. Corex will place an additional 1,694,000 units, with other qualified investors, for total proceeds of $4,352,000.
After giving effect to the private placement, Gammon Gold will hold approximately 12% of the issued and outstanding shares (approximately 14% on a fully diluted basis) of
jordan shoes store Corex. Gammon will have the right to participate in all future financings of Corex to maintain its proportionate shareholding. Gammon will also nominate one member to the Technical Advisory Board of Corex. Closing of the transaction is expected to be on or before July 16, 2010 and is subject to the approval of
jordan shoes for cheap the TSX Venture Exchange.
The investment in
discount jordan shoes Corex is part of Gammon's growth strategy of identifying and investing in quality companies and assets located throughout North America.
Corex is a TSX Venture
wholesale jordan shoes Exchange listed junior gold exploration company focused on advancing the Santana Gold Project in Sonora State, Mexico.mln
