Okay die Zukunft spielt sich hier ab!
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Medoro Resources Announces Completion of Private Placement
Nov. 3, 2009 (Canada NewsWire Group)
TORONTO, Nov. 3 /CNW/ -- Medoro Resources Ltd. (TSX-V: MRS) ("Medoro" or the "Company") announced today the closing of its private placement of 128,700,000 special warrants representing the initially announced offering of 125,000,000 special warrants plus the agents' exercise of a portion of their over-allotment option to arrange for the purchase of an additional 3,700,000 special warrants. The special warrants were issued at a price of $0.80 per special warrant for aggregate gross proceeds of $102,960,000.
The offering was made through a syndicate of agents led by GMP Securities L.P. and including Canaccord Capital Corporation, Thomas Weisel Partners Canada Inc., Haywood Securities Inc., Salman Partners Inc. and TD Securities Inc. For their services in connection with the offering, the agents received a cash commission equal to 5.5% of the gross proceeds of the offering. The funds raised, net of fees and expenses, will be used principally for exploration, drilling, debt repayment, social work related to the Zona Alta of the Marmato Mountain acquired in its recently completed acquisition of Colombia Goldfields, and for working capital and general corporate purposes.
Each special warrant entitles the holder thereof to receive one unit of the Company on the exercise or deemed exercise of the special warrant, each unit being comprised of one common share of the Company and one-half of one common share purchase warrant. Each whole common share purchase warrant will entitle the holder thereof to purchase one common share of the Company at a price of $1.25 for a period of two years following the closing date.
The special warrants issued pursuant to the offering, and the securities issuable upon the exercise thereof are, or will be, as the case may be, subject to a four month hold period in Canada commencing on the closing date and expiring on March 4, 2010, except where the distribution thereof is qualified by a prospectus. The Company shall use its reasonable best efforts to obtain a receipt for such (final) prospectus within 60 days of the closing date.
The offering was made in compliance with the rules of the TSX Venture Exchange.
Dann lasst uns mal einen genialen Thread starten
Nur meine Meinung keine kauf oder Verkaufsempfehlung
P.S. bin aber auch investiert und hoffe auf baldigen Anstieg aber nicht solch einen Quark...
Auf viele grüne Wochen!!
Ich geb nicht auf... Und bei den News die da in kürze noch anstehen, ist das nur ein minimaler Anfang.
Medoro offers $180m for Colombia's Frontino Gold Mines
Friday, 12 February 2010 08:18 Hannah Stone
gold mine, colombia
Representatives of Canadian gold company Medoro Resources formally declared their intention to buy Colombia's troubled Frontino Gold Mine company, with an offer of over $180 million.
The gold company's representatives met with the governor of the central Colombian department of Antioquia, where the Frontino mine is located, Caracol Radio reported on Friday.
Negotiations have been ongoing for some time.
"We hope that the signing of the purchase commitment is made in a month," said Juan Manuel Pelaez, president of Medoro's Colombian branch.
The Canadian company plans to invest $50 million in the first phase of exploration, and another $50 million in improving the mines' infrastructure.
The mines are located between Segovia and Remedios, around 200 kms from department capital Medellin.
Medoro also recently aquired Colombia Gold , and owns mineral rights to the Zona Alta and Echandia properties in Colombia's Caldas department. Frontino Gold Mines has been in liquidation since 2004.
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Medoro in Negotiations Regarding Frontino Gold Mines
Wed Jan 13, 9:23 AM
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TORONTO, Jan. 13 /CNW/ - Further to the statement issued earlier today by Frontino Gold Mines Limited ELO through its liquidator and legal representative, Luis Fernando Alvarado, Medoro Resources Ltd. (TSX-V: MRS.V) confirms his remarks that Medoro is in negotiations to acquire Frontino. Mr. Alvarado has been appointed by the Colombian government by the Superintendencia de Sociedades (as the arbiter of the liquidation process), and is supported by the Colombian government, the Ministry of Mines and Energy, the Ministry of Social Protection and Colombia's Presidency.
The Frontino mine has been in continuous operation since 1852 and is one of the largest gold mining operations in Colombia, located in the Segovia - Remedios mineral district, approximately 227 kms from Medellin. Frontino Gold Mines Limited ELO has been in liquidation since September 2004.
Medoro will provide further information on these negotiations as they develop.
About Medoro Resources Ltd.
Medoro Resources Ltd. is a gold exploration and development company focused on acquiring gold properties of merit to bring to production, with a primary emphasis on Colombia. The Company owns the rights to interests in the Zona Alta in the Marmato region, located in Colombia, and recently announced the execution of: (i) a non-binding letter of intent to acquire all of the issued and outstanding common shares of Mineros Nacionales S.A.; and (ii) a support agreement regarding an offer to acquire the securities of Colombia Gold plc, each of which has properties located in the Marmato District of Colombia. Medoro also holds a 100% interest in the Lo Increible 4A and 4B concessions in Venezuela and interests in other gold exploration areas outside of South America. Additional information on Medoro Resources Ltd. can be found by reviewing the Company's profile on SEDAR at www.sedar.comwww.sedar.com.
This press release contains forward-looking statements based on assumptions, uncertainties and management's best estimates of future events. Actual results may differ materially from those currently anticipated. Investors are cautioned that such forward-looking statements involve risks and uncertainties. Important factors that could cause actual results to differ materially from those expressed or implied by such forward looking statements are detailed from time to time in the company's periodic reports filed with the British Columbia Securities Commission and other regulatory authorities. The company has no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts
John Hick
President & CEO
(416) 603-4653
Acquisition includes a producing underground gold mine and mill on the Zona Baja property
TORONTO, Feb. 15 /CNW/ - Medoro Resources Ltd. (TSX-V: MRS) is pleased to announce that it has acquired all of the issued and outstanding ordinary shares of Mineros Nacionales S.A. from its parent company, Mineros S.A., for total cash consideration of US$35 million.
With this acquisition, Medoro has acquired 100% of Mineros Nacionales' interests in the Zona Baja concession (the "Zona Baja property") which is located directly beneath and contiguous with Medoro's Zona Alta property at Marmato in Colombia.
Highlights:
- With this acquisition, Medoro has consolidated the three primary gold
properties at Marmato and now owns most of the interests in the Zona
Alta, as well as Echandia and Zona Baja, which combined constitute
most of this historically prolific gold district.
- This acquisition includes an operating underground gold mine and mill
on the Zona Baja property which, based on information provided by
Mineros Nacionales, produces approximately 25,000 ounces of gold per
year.
- The combined NI 43-101 compliant measured and indicated resource
estimate for the Zona Alta and Echandia properties is approximately
3.4 million ounces of gold . In addition, the combined NI 43-101
inferred resource estimate for both properties is approximately
1.3 million ounces of gold . (See the resource estimate summary table
below.) The Company expects to complete and file a NI 43-101 technical
resource estimate report for the Zona Baja property by the end of
February 2010.
"Medoro already has a substantial gold resource at the Zona Alta area of Marmato and the Echandia area, and the addition of Zona Baja will allow the Company to explore and develop the region on a large scale. The indications are that the gold mineralization on these three properties are part of the same geological formation and we believe that exploring them as one will significantly increase the potential to expand and upgrade their gold resources," said John Hick, CEO of Medoro Resources Ltd.
"In a very short time frame, Medoro has added a producing gold operation and further exploration ground to its already significant exploration properties in Colombia. We are actively exploring and infill drilling the Zona Alta at Marmato and expect to expand and develop the potential of our gold assets with the same focus that we demonstrated in completing our consolidation strategy at Marmato," he added.
Medoro's immediate priorities on Zona Baja are to review the operating Mineros Nacionales underground mine to assess the potential for improving production efficiency, and to commence underground exploration drilling to complement the drilling from surface on the Zona Alta above.
Five drill rigs are currently in operation on the Zona Alta property conducting an exploration and infill drilling program. The drilling program commenced in mid-January 2010, with approximately 2,890 metres of drilling completed to date. Assay results are pending.
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ZONA ALTA MEASURED AND INDICATED GOLD MINERAL RESOURCE
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Measured Resource
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Cut off Type Tonnes (000s) Grade Au g/t Ounces (000s)
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0.30 Gold 13,065 0.87 364
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Indicated Resource
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0.30 Gold 75,142 0.81 1,955
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Total Measured and Indicated Resource
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0.30 Gold 88,207 0.82 2,319
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ZONA ALTA INFERRED GOLD MINERAL RESOURCE
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0.30 Gold 27,609 1.21 1,075
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ECHANDIA MEASURED AND INDICATED GOLD MINERAL RESOURCE
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Measured Resource
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0.30 Gold 8,744 0.76 215
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Indicated Resource
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0.30 Gold 39,828 0.68 865
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Total Measured and Indicated Resource
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0.30 Gold 48,572 0.69 1,080
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ECHANDIA INFERRED GOLD MINERAL RESOURCE
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0.30 Gold 10,637 0.80 274
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The Zona Alta estimate was based on 42,913 metres of diamond hole samples in 201 holes and using a cut off grade of 0.3 g/t. The Echandia estimate was based on 17,144 metres of diamond drilling in 96 holes and using a cut off grade of 0.3 g/t.
About Medoro Resources Ltd.
Medoro Resources Ltd. is a gold exploration and development company focused on acquiring gold properties of merit to bring to production, with a primary emphasis on Colombia. The Company owns the rights to interests in the Zona Alta, Echandia and Zona Baja exploration properties, including the operating underground Mineros Nacionales gold mine located on the Zona Baja Property, all in the Marmato District of Colombia. Medoro also holds a 100% interest in the Lo Increible 4A and 4B concessions in Venezuela and interests in other gold exploration areas outside of South America. Additional information on Medoro Resources Ltd. can be found by reviewing the Company's profile on SEDAR at www.sedar.com.
Qualified Person:
The Zona Alta and Echandia NI 43-101 Technical Reports were prepared by Scott E. Wilson Consulting, Inc. of Englewood, Colorado and are available on SEDAR at www.sedar.com and on the Company's website at www.medororesources.com.
Scott E. Wilson, of Scott E. Wilson Consulting, Inc. is the independent qualified person as defined by National Instrument 43-101 and has prepared or reviewed the preparation of the information which forms the basis of this press release. He is a Certified Professional Geologist and member of the American Institute of Professional Geologists (CPG No.10965) and a Registered Member (No.4025107) of the Society of Mining and Metallurgy and Exploration, Inc., a professional association and designation recognized by the Canadian regulatory authorizes. The samples were prepared by Inspectorate (ISO 9001:2000 and 9002:2004) certified) at sample preparation facilities in Medellin, Colombia, and Reno Nevada, and were assayed at their laboratories in Reno and Lima, Peru. Gold was assayed by fire assay with gravimetric or AAS finish. Silver was assayed by AAS finish or analyzed by ICP with a suite of multi-elements. Additional laboratories used were SGS in Medellin, Colombia (preparation) and Lima, Peru (analysis), and ALS Chemex in Reno, Nevada (analysis) using the same analytical methods. Blank, standard and duplicate samples were routinely inserted for quality assurance and quality control.
This press release contains forward-looking statements based on assumptions, uncertainties and management's best estimates of future events. Actual results may differ materially from those currently anticipated. Investors are cautioned that such forward-looking statements involve risks and uncertainties. Important factors that could cause actual results to differ materially from those expressed or implied by such forward looking statements are detailed from time to time in the company's periodic reports filed with the British Columbia Securities Commission and other regulatory authorities. The company has no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Ich behalte die Aktie weiter im Auge damit ich mich jeden Tag auf ein neues Ärger :-(((
Ungepusht, ehrlich und sauber verdientes Geld!