Junior roundup: Condor Resources, Mirasol, Unigold, Royal Road
Peru-focused Condor Resources closed a previously announced Cdn$500,000 (US$381,170) private placement of units with Sandstorm Gold, to be used for exploration and general corporate purposes, Vancouver-based Condor said in a statement.
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Vancouver's Mirasol Resources received notice from Cerro Vanguardia (CVSA), majority-owned by AngloGold Ashanti, of termination of an exploration and option agreement for Mirasol's Claudia gold-silver project in Santa Cruz province, Argentina.
Mirasol remains committed to advancing exploration at the Claudia project and will undertake a comprehensive review of all new technical information generated by CVSA before reporting on further plans, a press release said.
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Toronto-based Unigold said it has applied for a new exploration concession for the Neita property in the Dominican Republic as the firm's current license is due to expire on March 7.
The authority to grant the concession resides with the country's energy and mines ministry, and the company expects to receive a decision by mid-March, a statement said.
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Toronto's Royal Road Minerals formally started an offer to shareholders of Caza Gold to acquire all of the issued and outstanding shares of Caza in exchange for ordinary shares of Royal Road Minerals, a press release said.
Holders of Caza that accept the offer will receive 0.16 of a Royal Road share in exchange for each Caza share acquired by Royal Road Minerals under the offer. The offer will be open for acceptance until February 27.
Caza has properties in Nicaragua while Royal Road has properties in Colombia.
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News in: Mining & Metals (Argentina)
Junior exploration roundup: Silver Mountain, Cabral, C3 Metals and more
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The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
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