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.
MGX Minerals (CSE: XMG; FSE: 1MG; OTCQB: MGXMF) intends to complete a non-brokered private placement of NFT units at $0.60 and FT units at $0.65 for aggregate gross proceeds of up to $8,020,750.
Noront Resources (TSX-V: NOT) closed $401K 2nd and final tranche of private placement, bringing the total amount to $4.15M. Major shareholder Resource Capital V Annex Fund L.P. participated in the financing.
Deep-South Resources (TSX-V: DSM) closed first tranche of non-brokered private placement, issuing 1,650,000 units at $0.10 per unit for gross proceeds of $165,000. Second tranche is expected to close within two weeks.
Greenstone Resources L.P. to acquire 13M additional Excelsior Mining (TSX: MIN; FSE: 3XS; OTCQX: EXMGF) shares for US $9.4M pursuant to exercise of its pro-rata right in connection with Triple Flag’s US $75M investment
Macarthur Minerals Limited (TSX-V: MMS) closed the second and final tranche of the non-brokered private placement, issuing 40,738,520 units at CDN $0.025 per unit for gross proceeds of CDN $1,018,463.