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Gold Hawk Signs Term Sheet for a US$10 Million Loan Facility
Gold Hawk Resources Inc. (“Gold Hawk” or the “Company”) (TSX-VENTURE: CGK) is pleased to announce that it has signed an indicative term sheet for a US$10 million two year pre-production loan facility with Auramet Trading, LLC and Natexis Banques Populaires. Closing of the facility is subject to due diligence, negotiation, satisfactory documentation and regulatory approval.
Read moreOil prices retreat below $65
Oil prices fell in light trade Monday, eased by the end of a Nigerian oil workers’ strike over the weekend.
Light, sweet crude for July delivery dropped 34 cents to $64.86 (U.S.) a barrel on the New York Mercantile Exchange midmorning in Singapore. Trading volume was low because of the Memorial Day weekend in the U.S. [...]
International Coal Ventures Consider Picking Up Stake Mining Exploration in Australia, Canada, Africa and Mozambique
The special purpose vehicle (SPV), International Coal Ventures Ltd (ICVL), formed by SAIL, Rashtriya Ispat Nigam Ltd., NMDC, NTPC and CIL for scouting coal mines abroad, is now considering picking up stake in some mining companies in Australia, Canada, Indonesia, Africa and Mozambique.
Read moreCentury Petroleum Signs $5 Million Equity Financing Agreement
Century Petroleum Corp. (OTCBB: CYPE) (“Century Petroleum” or “the Company”) is pleased to announce that it has signed an equity financing agreement for $5,000,000.
“Since June 2006, Century Petroleum has raised over $3.3 million in equity financing which have funded exploration activities and acquisitions. This new equity financing agreement will help us fund Century’s 2007 exploration [...]
Petrolifera’s Argentina drilling success continues
Petrolifera Petroleum Limited (PDP – TSX) announced today that its RN.PM a-1032 well, situated southwest of the recently-tested 1019 oil well on the northern portion of its Puesto Morales Block in the Neuquén Basin, Argentina, is in the process of being cased as an indicated multi-zone oil discovery after completion of drilling and logging procedures. [...]
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