$ $ Royal Standard Minerals Der Mega-Report $ $


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7974 Postings, 6861 Tage louisanerUmsatz 27tsd$

 
  
    #51
1
20.04.10 19:02
...doch noch nicht tot?

Naja, wenn Sprott noch drin ist bleibe ich auch noch.

7974 Postings, 6861 Tage louisanerHm?

 
  
    #52
21.04.10 09:17
Bohrergebnisse?

7974 Postings, 6861 Tage louisanerSedar Juni

 
  
    #53
1
20.07.10 20:18
The Company has sufficient cash on hand to fund its committed and discretionary
exploration and operating activities for fiscal 2011 at current operating levels.
As at April 30, 2010, the Company had mineral properties valued at $20,046,964
compared to $19,799,686 as at January 31, 2010. The reason for the increase in the value
of the mineral properties is the Company spent $247,278 on deferred exploration
expenditure activities resulting in $202,646 deferred exploration expenditures on the
Gold Wedge Project, $11,325 on deferred exploration expenditure activities on the Pinon
Project and $33,307 on deferred exploration activities on the Kentucky Project.
As at April 30, 2010, the Company had working capital of $166,744 compared to
$529,435 as at January 31, 2010. The Company had cash and cash equivalents and other
current assets of $437,202 as at April 30, 2010, compared to $830,816 as at January 31,
2010, a decrease of 47.4%. The decrease is primarily due to the cash expenditures for the
Company’s exploration activities, discussed above, operating expenses and the effect of
translation on foreign currency.

3024 Postings, 7549 Tage MathouLousi Du gibts die Hoffnung wohl nie auf

 
  
    #54
1
28.07.10 20:00
einen gibts sicher den der Kurs nicht interessiert, das ist der Boss.

(meine Shares hab ich aber dummerweise nicht gegeben)  

213 Postings, 6575 Tage fletusso endlich, let´s rock this stock

 
  
    #55
2
07.09.10 16:31
Royal Standard Minerals, Inc. (RYSMF) Has Secured a Credit Facility and Completes a Private Placement Financing
Sep 7, 2010 8:35:00 AM
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MANHATTAN, NV -- (MARKET WIRE) -- 09/07/10 -- ROYAL STANDARD MINERALS, INC. (OTCBB: RYSMF) announces today that it has secured a financing, with an international private investment group and current management of the Company to include a "Credit Facility" that will consist of senior secured notes with an 8% per annum interest rate and warrants for $10-$20 million, representing 20-40 units at $500,000 per unit. Also, the funding includes 500,000 warrants per unit priced @ $0.10 per warrant. The term of the notes and warrants will be three years and include interest only payments during the first year of the notes commencing six months after the closing date. During years 2 and 3 the repayment of the notes will include equal monthly principal and interest payments until the notes are repaid. The notes will be secured by RYSMF's properties and physical assets. The documentation and release of funds for the initial funding of the credit facility is expected to be completed on or about October 15, 2010.

In conjunction with the credit facility as part of a separate transaction the Company has closed a $1.2 million private placement financing that includes 11.2 million units at $0.10/ unit. Each unit will consist of one common share and one common share purchase warrant priced at $0.10 per warrant of the Company. Each Warrant is exercisable into one common share in the capital of the Company (a "Common Share") for a period of three years from the date of the closing.
The use of proceeds will be to continue with the development of RYSMF's Nevada gold-silver properties and for working capital purposes. The Company may be subject to a structuring fee in connection with this financing.

RSM is a natural resource exploration and development company, www.royalstandardminerals.com

For further information contact Mr. Roland Larsen, (775) 487-2454 and/or Mr. Rich Kaiser, Investor Relations, 800-631-8127.



Royal Standard Minerals cautions that statements made in this press release
and other forward looking statements made on behalf of the Company may be
affected by such other factors including, but not limited to, volatility of
mineral prices, product demand, market competition, imprecision of mineral
estimates, and other risks detailed herein and from time to time in the
Securities and Exchange Commission filings of the Company, C.U.S.I.P. #
780919106

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Contact:
Roland Larsen
775-487-2452
Or

Rich Kaiser
800-631-8127  

7974 Postings, 6861 Tage louisaner15.000.000$ Financing

 
  
    #56
2
25.01.11 13:16
MANHATTAN, NV--(Marketwire - 12/28/10) - Royal Standard Minerals, Inc. (OTC.BB:RYSMF - News) is pleased to announce that it has signed a term sheet and is currently working toward the completion of a loan agreement with a private investment firm to fund up to US$15,000,000 senior secured loan facility that includes an initial 3 year term. The loan facility would consist of up to US$7.5 million as a senior secured gold loan facility and up to US$7.5 million as a convertible note facility and incur approximately a 7% per annum interest rate. Proceeds of the financing are intended to be used for the further development of the Company's Goldwedge project in Nye County, Nevada as well as the Company's other Nevada projects.

At Goldwedge in 2011, subject to completion of financing, the Company intends to pursue plant upgrades and changes to include a larger ball mill, another concentrator as well as a tailings dewatering system. The Company has secured all of the permits for the Rapid Infiltration Basin construction as part of the new mine dewatering system. In conjunction with the plant upgrades and changes the Company plans to commence the underground (decline) safety program to include rebolting
...http://finance.yahoo.com/news/...s-to-iw-1721379311.html?x=0&.v=1

7974 Postings, 6861 Tage louisanerInteressant

 
  
    #57
2
07.02.11 14:41
03.02.2011

20:07:37 0,08 200 712.089
20:07:33 0,08 99.900 711.889
20:07:29 0,08 99.900 611.989
19:50:06 0,08 500 512.089
19:49:58 0,08 10.000 511.589
19:49:55 0,08 20.000 501.589
19:49:44 0,08 20.000 481.589
19:44:06 0,08 20.000 461.589
19:43:30 0,08 20.000 441.589
19:43:05 0,08 20.000 421.589
19:43:01 0,08 20.000 401.589
19:42:59 0,08 20.000 381.589
19:31:51 0,08 20.000 361.589
19:30:43 0,08 20.000 341.589
19:30:38 0,08 20.000 321.589
19:30:35 0,08 20.000 301.589
19:30:32 0,08 20.000 281.589
18:51:34 0,082 1.000 261.589
18:08:47 0,082 4.000 260.589
16:55:25 0,08 20.000 256.589
16:55:25 0,08 7.500 236.589
16:44:03 0,08 50.000 229.089
16:44:00 0,08 50.000 179.089
16:43:14 0,08 50.000 129.089
16:11:14 0,08 1.000 79.089
15:53:33 0,082 4.500 78.089
15:53:29 0,082 27.500 73.589
15:51:29 0,082 1.089 46.089
15:50:31 0,082 5.000 45.000
15:50:19 0,082 5.000 40.000
15:49:00 0,083 10.000 35.000
15:48:57 0,083 25.000 25.000

7974 Postings, 6861 Tage louisanerGeht langsam los.

 
  
    #58
2
18.02.11 11:59
Die Kaufkurse heute sind natürlich zu hoch i.V. zu USA, aber hier kommt demnaechst was, verlasst euch drauf.

12394 Postings, 7729 Tage .Juergenes regt sich wida was... :-)

 
  
    #59
2
21.03.11 15:48
Angehängte Grafik:
21032011_crop.jpg (verkleinert auf 74%) vergrößern
21032011_crop.jpg

12394 Postings, 7729 Tage .Juergenund weiter gehts

 
  
    #60
2
08.04.11 16:00
Angehängte Grafik:
080411_crop.jpg (verkleinert auf 70%) vergrößern
080411_crop.jpg

12394 Postings, 7729 Tage .Juergenund...14..

 
  
    #61
1
08.04.11 16:10
Angehängte Grafik:
080411.jpg (verkleinert auf 74%) vergrößern
080411.jpg

7974 Postings, 6861 Tage louisanerRSM fällt und fällt...

 
  
    #62
19.05.11 09:51
...nicht weiter.
Wie machen die das nur?

MK seit Monaten ca 5 Mio €.

Ist wohl doch nicht nur heisse Luft und eine Aktiendilution gab es auch seit 2 Jahren nicht.

348 Postings, 5429 Tage Horst_ReibachNews release vom 30.06.2011

 
  
    #63
1
31.07.11 10:12
ROYAL STANDARD MINERALS INC.
C.U.S.I.P. # 780919106 OTCBB:RYSMF

NEWS RELEASE
June 30, 2011

ROYAL STANDARD ANNOUNCES ENTRY INTO US$8,000,000 CREDIT FACILITY
Toronto, Ontario – June 30, 2011 – Royal Standard Minerals Inc. (OTCBB: RYSMF) (the “Company” or “Royal Standard”) is pleased to announce that it has entered into a secured bridge loan agreement dated June 29, 2011 with Waterton Global Value, L.P. (“Waterton”) pursuant to which Waterton has agreed to make an US$8,000,000 bridge loan (the “Credit Facility”) available to the Company. The amounts drawn down under the Credit Facility will incur interest at 6% per annum, and the scheduled repayment date of the Credit Facility is 16 months after the initial closing date. The Credit Facility is
secured by, amongst other items, the Company’s real property assets in Nevada.
The Company may draw down up to US$4,000,000 on the Credit Facility immediately, and may draw down an additional US$4,000,000 upon completing certain operational milestones at the Company’s Goldwedge Property located in Nye County, Manhattan, Nevada.

Each of Royal Standard and Waterton intend to convert the Credit Facility into a longer-term gold stream debt facility within the next few months. It is currently contemplated that the maturity date of the gold stream debt facility will be 24 months after it is first entered into by the parties.

The Company is pleased to announce that it plans to use the proceeds of the Credit facility to pursue an underground drilling program at the Goldwedge Property as a part of a broader program to better develop the mine plan and generally further development. As a matter of first instance, the Company plans to complete the necessary monitoring wells required by the permits for the rapid infiltration basin
construction process as a part of the overall new mine dewatering system. In conjunction with broader Project upgrades, the Company is also planning the installation of a larger ball mill. The Company plans to have work on the foregoing, and certain other development items, initiated by mid-July, 2011.

In connection with the Credit Facility, the Company has agreed to pay Waterton a structuring fee, and has also provided Waterton with certain royalty interests relating to its Goldwedge Property. The Company and Waterton have also entered into a gold purchase agreement pursuant to which Waterton has agreed to purchase the Company’s production.

About Royal Standard
Royal Standard is a natural resource exploration and development company, with its principal mining assets being in Nye County, Nevada. For further information about this release, please contact Mr. Rich Kaiser, Investor Relations, 800-631-8127.

Disclaimer for Forward-Looking Information
This news release contains forward-looking statements, including about completion of the financing facility and current expectations on the timing of the commencement of further project development.

http://www.royalstandardminerals.com/sites/.../shared/rsmpr063011.pdf  

348 Postings, 5429 Tage Horst_ReibachRoland Larson scheint wieder zu erwachen

 
  
    #64
1
31.07.11 10:18

213 Postings, 6575 Tage fletuswird wieder interessant

 
  
    #65
1
02.08.11 09:56
wenn er mit dem neuen geld GW zum laufen bringt sind nach analysten einschaetzung * us dollar drin  

213 Postings, 6575 Tage fletusUPDATE 2-Bank of Korea buys gold, first time since

 
  
    #66
02.08.11 10:00
Mon Aug 1, 2011 11:21pm GMT  
Print | Single Page[-] Text [+] * Gold steady after Bank of Korea purchase
* Bank of Korea says it bought gold in June-July

* It declined to say if it plans to buy more gold

By Yoo Choonsik and Kim Yeonhee

SEOUL, Aug 2 (Reuters) - South Korea's central bank bought 25 tonnes of gold over the past two months in its first purchase in more than a decade, saying the time was ripe to boost its gold holding, but markets barely moved on the news.

A brittle global economic recovery and precarious debt situations in the United States and Europe have boosted the safe-haven appeal of gold, lifting bullion to a series of record highs in July, as investors and central banks chased prices higher.

The central bank of Asia's fourth-largest economy said that, with prices hovering near historic highs, gold looked less lucrative as an investment but it was the right time to buy gold because its foreign reserves had risen above $300 billion.

News of the Bank of Korea's purchase barely moved spot gold which was steady at $1,617.89 an ounce by 2236 GMT, but analysts said it was supportive of prices. Gold hit a record high of $1,632.30 on Friday.

"Any news about central banks buying gold reassures consumers and other major players who are already looking at gold as an investment," said Jeffrey Pritchard, analyst at California-based commodities futures and options brokerage Altavest Worldwide Trading.




The Bank of Korea said in a statement its latest gold purchase was valued at $1.24 billion. It did not say whether it had bought gold bullion or funds.

At 25 tonnes of gold, equivalent to 803,769 ounces, the average price paid comes to $1,543 an ounce, based on Reuters calculations.

A Bank of Korea official said it was the bank's first gold purchase since at least the 1997-1998 Asian financial crisis.

"South Korea's central bank seems a little late to the party, but gold investors should continue to expect price support as central bankers around the world are underinvested in the yellow stuff," said Sean McGillivray, head of asset allocation at Great Pacific Wealth Management.

"Government austerity and a return to normalized monetary policy will be the game changer for the gold bull market. Investors and central bankers are looking to protect purchasing power, but diversifying into the currency of last resort, gold."

The latest purchase lifted the central bank's gold holding to 39.4 tonnes. The BoK said the increased gold holding would put it in 45th position in the World Gold Council's list of central banks holding gold, up from 56th previously.

The United States has the biggest gold holding in its foreign reserves, at 8,133.5 tonnes, with China at No. 6 with 1,054.1 tonnes.
The BoK declined to disclose the purchase price but said it had entrusted all of its gold holding to the Bank of England for possible use in gold lending and other related transactions in future.

CONDITIONS RIPE FOR GOLD PURCHASE

During the 1997-98 Asian financial crisis, patriotic Koreans collected the precious metal as part of a campaign to boost the country's foreign reserves, when it was on the verge of a sovereign default.

"The country had too small an amount of foreign reserves to diversify into gold before 2004 and was not able to buy gold between 2005 and 2007 due to concerns about the central bank's annual losses," the Bank of Korea said.

"Now that our total reserves topped $300 billion and foreign exchange markets stabilised, we judged that conditions were ripe for us to increase gold holding," it said.

The Bank of Korea would not say whether it plans to buy more gold, adding that any comments could have an impact on global markets.

Valued in U.S. dollars, the new purchase increased its gold holding to $1.32 billion from a mere $0.08 billion previously, the bank said. Still, this represents only 0.4 percent of the country's total foreign reserves.

Including the gold, South Korea's foreign reserves rose by $6.55 billion in July to $311.03 billion, equivalent to about 30 percent of the country's annual gross domestic product of just more than $1 trillion in 2010.

Of the total reserves, 88.5 percent were invested in securities, followed by 9.2 percent deposited at financial institutions and 1.2 percent held as special drawing rights, the Bank of Korea said.

South Korean foreign reserves ranked seventh in the world as of the end of June, it added.  

213 Postings, 6575 Tage fletusquelle emfis

 
  
    #67
02.08.11 10:29
Wirtschaftsnews - von heute 08:18

Gold: Citigroup hält 5.000 Dollar pro Unze für möglich
New York 02.08.2011 (www.emfis.com) Die amerikanische Großbank Citigroup hat kürzlich eine detaillierte Studie zum Goldmarkt veröffentlicht und nennt in diesem Zusammenhang Kursziele für das gelbe Metall, die auf den ersten Blick fast schon abenteuerlich anmuten.

Die Analysten halten beim Metall der Könige Notierungen von 3.800 bis 5.000 Dollar je Feinunze für grundsätzlich möglich. Ein Zeitfenster, wann diese Höhen erklommen sein könnten, wurde nicht genannt, aber auf Sicht von ein bis zwei Jahren sind solche Kurse ganz sicher nicht zu erwarten. Triebfeder für derartige Preise sind die Zweifel am Papiergeld-System, die durch die Vorkommnisse in den zurückliegenden Monaten ganz bestimmt nicht weniger geworden sind. Entsprechend robust dürfte sich die Nachfrage nach Gold präsentieren und da die Förderkosten kontinuierlich steigen, sind die genannten Notierungen in zehn oder 15 Jahren zumindest nicht gänzlich ausgeschlossen.  

2.500 Dollar auf jeden Fall vorstellbar

Allerdings weist die Citigroup selbst darauf hin, dass die Wahrscheinlichkeit für Kurs-Anstiege in dieser Größenordnung nicht übermäßig hoch ist. Dessen ungeachtet sind aber in jedem Fall Preise von 2.500 US-Dollar in einigen Jahren vorstellbar. Sollte die Schulden-Problematik in den USA und Westeuropa weiter eskalieren, erwarten die Experten, dass Gold eine noch dynamischere Aufwärtsbewegung vollzieht als im Zeitraum zwischen 1970 und 1980. Kommt es dazu und rechnet man die Inflation ein, ergeben sich die erwähnten 2.500 Dollar als Kursziel.


Auch die 2.500 Dollar werden sich nicht kurz- bis mittelfristig realisieren lassen. Da der Goldmarkt bislang jedoch keine Anzeichen einer Blasen-Bildung aufweist, dürfte es tendenziell weiter nach oben gehen. Ob es zu 2.500 Dollar reicht, wird sich zeigen. Bis auf 2.000 Dollar könnte das gelbe Metall im besten Fall aber sogar noch bis Ende 2011 steigen.


Quelle: EMFIS.COM, Autor: (mon
Gute Aussichten
Grüße PHK  

213 Postings, 6575 Tage fletusBook Value To Over $0.35 Per Share

 
  
    #68
1
02.08.11 11:44
Rising Gold Prices Catapults Company’s
Book Value To Over $0.35 Per Share





OTCBB: RYSMF

No not New York … but from Manhattan , Nevada [in the Manhattan District], Royal Standard Minerals, Inc. (OTCBB: RYSMF) is nearing conclusion of their evaluation of the available geologic data for all of its current property holdings. These properties have become high priority projects for permitting and development as a feed source for the Goldwedge plant.

With over 300,000 ounces of gold and the potential for an additional 800,000 ounces, the assets of RYSMF far exceed the current value of the stock.

The Company has capitalized on the availability of high quality gold/ silver deposits and controls interests on properties consisting of over 17,000 acres located on the Carlin gold trend, an area which has produced over 50 million ounces of gold since the 1960s, and is estimated to hold an additional 100 million ounces of gold.

The Company’s Nevada projects are located near properties owned by major gold companies such as GoldCorp, Kenross, Newmont, Barrick and Placer Dome.



Royal Standard Minerals is an advanced-stage mining company engaged in locating, acquiring, exploring and developing gold and precious metal deposits in the state of Nevada , and coal in the state of Kentucky .



The Company owns a 100% interest in six projects in three goldsilver districts in Nevada .



These projects include the Goldwedge project in Nye County ; the Piñon and Dark Star projects in Elko County ; the Fondaway Canyon and Dixie-Comstock projects in Churchill, and the Campton project in Wolfe County , Kentucky .



The Company has two wholly owned subsidiaries, Kentucky Standard Energy Company Inc. and Manhattan Mining Co.  

213 Postings, 6575 Tage fletusnews out lass uns rocken

 
  
    #69
1
15.08.11 13:15
Royal Standard Minerals, Inc. (RYSMF) Advances Its Goldwedge Property for Near-Term Gold Production

2011-08-12 18:00 ET - News Release

MANHATTAN, NV -- (MARKET WIRE) -- 08/12/11

Royal Standard Minerals Inc. (OTCBB: RYSMF) announces that it has made substantial progress at its Goldwedge Property, Nye County, Nevada, with the purchase of a "new" ball mill, current construction of the concrete foundation and piers. Management plans to have the ball mill installed on the foundation by the end of August 2011. After the testing and completion of the new mill components, management expects the mill to be fully operational by end of September 2011.

Additionally, The Company is constructing a "Rapid Infiltration Basin" (RIB) that will be part of the mine dewatering program, and is expected to be near completion by the end of August 2011. Underground remedial work, in decline 'A' is progressing with the re-bolting and clean-up in preparation for continuing the underground development. This work has included plans for the construction of a secondary escape and major adjustments to the underground ventilation system on the property. Plans are being made to start underground drilling and development programs. The program is progressing on schedule, with most of the current work program expected to be completed by the end of September 2011.

Further, the Company announces the resignation of J. Alan Ringler as CFO, effective as of June 17, 2011. The Company is pleased to announce that the position has been filled by Mr. Ike Makrimichalos. Mr. Makrimichalos is a CA and LPA with a BA from the University of Toronto, with 27 years experience as a Senior-Audit and Assurance Manager with Deloitte & Touche LLP, and recently as Controller for a public company. We believe that he is well suited as RYSMF's part-time CFO. As the duties increase we may expand his function to a full-time position.

RYSMF is a natural resource exploration and development company. Visit our website at www.royalstandardminerals.com.

For further information about this release contact Mr. Rich Kaiser, Investor Relations, 800-631-8127.

Royal Standard Minerals cautions that statements made in press release and other forward looking statements made on behalf of the Company may be affected by such other factors including, but not limited to, volatility of mineral prices, product demand, market competition, imprecision of mineral estimates, and other risks detailed herein and from time to time in the Securities and Exchange Commission filings of the Company.

Add to DiggBookmark with del.icio.usAdd to Newsvine

Contact:
Rich Kaiser
Investor relations
757-306-6090  

7974 Postings, 6861 Tage louisanerTotgesagte leben länger...

 
  
    #70
2
31.08.11 11:27

ROYAL STANDARD TRANSITIONS EXISTING BRIDGE LOAN INTO US$8,000,000 GOLD STREAM DEBT FACILITY
Toronto, Ontario – August 29, 2011 – Royal Standard Minerals Inc. (OTCBB: RYSMF) (the “Company” or “Royal Standard”) is pleased to announce that, further to the disclosure provided in its press release of June 30, 2011, its subsidiary Manhattan Mining Co. (“Manhattan”) has now amended its existing senior secured bridge loan (the “Bridge Loan”) with Waterton Global Value, L.P. (“Waterton”) such that the Bridge Loan has been transitioned into a more permanent senior secured gold stream debt facility (the “Gold Stream Facility”) amongst the parties.
Under the Gold Stream Facility, Waterton will make US$8,000,000 (the “Principal Amount”) available to the Company. The Principal Amount will be payable by the Company to Waterton in monthly payments commencing in August 2012 and ending in August 2013. Under the Gold Stream Facility, each monthly repayment of the Principal Amount will be made by the delivery by the Company to Waterton of gold bullion ounces where the number of ounces to be delivered shall be based on the then current spot price of gold less an applicable discount or by the payment of the cash equivalent of such number of ounces. The Principal Amount will accrue interest at 9.0% per annum. The Gold Stream Facility is secured by, amongst other items, Manhattan’s real property assets in Nevada. The Company has agreed to guarantee Manhattan’s obligations under the Gold Stream Facility.
The Company is pleased to announce that it plans to use the proceeds of the Gold Stream Facility to continue to pursue an underground drilling program at the Goldwedge Mine as a part of a broader program to better develop the mine plan and to bring the Goldwedge Mine and the mill located on such property into commercial production.
Roland M. Larsen, Chief Executive Officer of the Company, stated, “We appreciate the support by Waterton and we are confident that our mutual efforts will provide the means to achieve the Company’s growth objectives over the next 12 months and beyond”.
Cheryl Brandon, Portfolio Manager at Waterton, stated, “We look forward to continue working with Royal Standard to provide the required capital to commission the Goldwedge Mine. In addition, we...

www.sedar.com/DisplayCompanyDocuments.do

www.sedar.com/DisplayProfile.do

213 Postings, 6575 Tage fletusjojo

 
  
    #71
2
02.09.11 12:40
StockGuru Shines its Spotlight on Royal Standard Minerals Inc. (OTCBB: RYSMF) As the Company Transitions Existing Bridge Loan Into $8 Million Gold Stream Debt Facility — August 30, 2011
Authored by editor August 30, 2011 at 5:04 am CT
Dallas, Texas (August 30, 2011) – StockGuru Shines its Spotlight on Royal Standard Minerals Inc. (OTCBB: RYSMF) (the “Company” or “Royal Standard”) announced yesterday that, further to the disclosure provided in its press release of June 30, 2011, its subsidiary Manhattan Mining Co. (“Manhattan”) has now amended its existing senior secured bridge loan (the “Bridge Loan”) with Waterton Global Value, L.P. (“Waterton”) such that the Bridge Loan has been transitioned into a more permanent senior secured gold stream debt facility (the “Gold Stream Facility”) amongst the parties.  The Company closed on August 29, 2011, at $0.14, hitting a new fifty-two week low, $0.14 – 0.055.

Under the Gold Stream Facility, Waterton will make US$8,000,000 (the “Principal Amount”) available to the Company. The Principal Amount will be payable by the Company to Waterton in monthly payments commencing in August 2012 and ending in August 2013. Under the Gold Stream Facility, each monthly repayment of the Principal Amount will be made by the delivery by the Company to Waterton of gold bullion ounces where the number of ounces to be delivered shall be based on the then current spot price of gold less an applicable discount or by the payment of the cash equivalent of such number of ounces. The Principal Amount will accrue interest at 9.0% per annum. The Gold Stream Facility is secured by, amongst other items, Manhattan’s real property assets in Nevada. The Company has agreed to guarantee Manhattan’s obligations under the Gold Stream Facility.

The Company is pleased to announce that it plans to use the proceeds of the Gold Stream Facility to continue to pursue an underground drilling program at the Goldwedge Mine as a part of a broader program to better develop the mine plan and to bring the Goldwedge Mine and the mill located on such property into commercial production.

Roland M. Larsen, Chief Executive Officer of the Company, stated, “We appreciate the support by Waterton and we are confident that our mutual efforts will provide the means to achieve the Company’s growth objectives over the next 12 months and beyond”.

Cheryl Brandon, Portfolio Manager at Waterton, stated, “We look forward to continue working with Royal Standard to provide the required capital to commission the Goldwedge Mine. In addition, we are pleased to have the opportunity to finance future exploration and development programs for the Company’s prospective portfolio of Nevada based assets.”

In connection with the Gold Stream Facility, the Company has agreed to pay Waterton a structuring fee, and has also provided Waterton with certain royalty interests relating to its Nevada properties. The Company and Waterton have also entered into certain gold purchase agreements pursuant to which Waterton has agreed to purchase the Company’s production.

About Royal Standard

Royal Standard is a natural resource exploration and development company, with its principal mining assets being in Nye County, Nevada. For further information about this release, please contact Mr. Rich Kaiser, Investor Relations, 800-631-8127, www.royalstandardminerals.com.

Disclaimer for Forward-Looking Information

This news release contains forward-looking statements, including about completion of the financing facility and current expectations on the timing of the commencement of further project development. These forward-looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. Such statements are based on current expectations, are subject to a number of uncertainties and risks, and actual results may differ materially. These uncertainties and risks include, but are not limited to, the strength of the Canadian and US economy; the price of gold; operational, funding, and liquidity risks; the degree to which mineral resource estimates are reflective of actual mineral resources; the degree to which factors which would make a mineral deposit commercially viable are present; the risks and hazards associated with underground operations. Risks and uncertainties are more fully discussed in the company’s disclosure materials filed with the securities regulatory authorities in Canada and the United States and available at www.sedar.com and www.sec.gov and readers are urged to read these materials. Royal Standard assumes no obligation to update any forward-looking statement or to update the reasons why actual results could differ from such statements unless required by law.  

33227 Postings, 5796 Tage GreenyDie Charts dazu:

 
  
    #72
1
11.11.11 09:41

33227 Postings, 5796 Tage GreenyBerlin

 
  
    #73
1
11.11.11 09:43

33227 Postings, 5796 Tage GreenyUS

 
  
    #74
1
11.11.11 09:44

33227 Postings, 5796 Tage GreenyEUR/US$

 
  
    #75
1
11.11.11 09:46

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