Deeprock Minerals closes IPO and to trade on CSE

Deeprock Minerals Inc. (CSE: DEEP) closed IPO of 5,000,000 common shares at $0.10 for $500,000. Chippingham Financial Group Ltd. acted as agent. Deeprock shares are expected to commence trading on the CSE on November 16, 2018

Arena Minerals to acquire lithium brine project adjacent to Albemarle’s Antofalla project

Arena Minerals Inc. (TSX-V: AN) to acquire 100% of Antofalla Minerals S.A, which owns lithium brine projects located in Argentina, immediately south and adjacent to Albemarle Corporation’s Antofalla project.

TANTALEX Resources and International Cobalt announce merger of equals

TANTALEX Resources Corporation (CSE: TTX; FSE: 1T0) and International Cobalt Corp. (CSE: CO) proposed to merge as equals with resulting issuer continuing to list on Canadian Securities Exchange (CSE).


Palisade Global Investments to acquire up to 75% of Northern Uranium

Northern Uranium (TSX-V: UNO) to consolidate share on a 15-to-1 basis and $800K private placement of post-consolidation units at $0.05625, with Palisade Global Investments and a small group of investors gaining 57% stake.


Desert Lion Energy completes $690K 2nd tranche of private placement

Desert Lion Energy Inc. (TSX-V: DLI; OTCQB: DSLEF) closed second tranche of its previously announced non-brokered private placement, issuing 9,856,258 units at $0.07 for gross proceeds of $689,938.06

GoldSilver/Precious Metals

Eric Sprott invests additional $150K in Glen Eagle Resources

Glen Eagle Resources Inc. (TSX-V: GER) closed financing with Eric Sprott, an insider, of $150,000 convertible note bearing 12% per year, with maturity date December 12th, 2021


Zijin Mining extends offer for 10 days

Zijin Mining Group Co. Ltd. (SH: 601899; SEHK:2899) has taken up 276,820,575 shares (89.37%) of Nevsun Resources Ltd. (TSX/NYSE AMERICAN: NSU), will pay $1,660,923,450 for the deposited shares within three business days.


African Gold announces Andrew Cheatle new CEO and $1M private placement

African Gold Group (TSX-V: AGG) promoted Andrew Cheatle, VP of Exploration, as new CEO, and intends to complete a non-brokered private placement of units at $0.05 per unit for gross proceeds of up to $1M