Gold – Canadian International Minerals Inc. (TSXV:CIN) approved all items tabled at its Annual General and Special Meeting held on May 17, 2013. Michael Schuss, Tor Bruland, Garth Evans, J. Casey Forward, and Christopher Verrico were elected as directors, and Mackay LLP were appointed as auditors. A 2013 stock option plan was approved, and so was a special resolution of disinterested shareholder approving the repricing of stock options held by insiders of the Company. The Company also repriced certain stock options.
Resource Company News Directory
Gold – Rocmec Mining Inc. (TSXV:RMI) entered into a Memorandum of Understanding with 8431469 Canada Inc. (Nippon Dragon Resources) for financing and a reverse takeover.
Silver – Southern Silver Exploration Corp. (TSXV:SSV,FWB:SEG) entered into an amending agreement with the Optionor of the Cerro Las Minitas property in Mexico to reduce the option payment due on May 18, 2013 from $1 million to $250,000. This will also extend the balance of the purchase price of $1.75 million to be paid periodically with the last payment due in March 2015.
Gold – Sutter Gold Mining Inc. (TSXV:SGM,OTCQX:SGMNF) finalized an agreement with RMB Australia Holdings Ltd. where RMB has agreed to increase the existing secured, short term debt facility of US$12 million by US$8 million.
Gold – Pacific Booker Minerals (TSXV:BKM,NYSEMKT:PBM) announced a non-brokered private placement of 125,000 units at a purchase price of $4.00 per share.
Diamond – Lucara Diamond Corp. (TSX:LUC) completed its first large and exceptional diamond tender of Karowe diamonds on May 22, 2013. All 15 stones were sold for gross revenues of $24.85 million.
Magnesium – West High Yield Resources Ltd. (TSXV:WHY) released its first quarter financial results for the three months that ended on March 31, 2013.
Lithium – Bacanora Minerals Ltd. (TSXV:BCN) and Rare Earth Minerals Plc finalized a lithium farm-in deal that grants Rare Earth Minerals certain rights to participate in the drilling and project evaluation of the El Sauz and Fleur lithium concessions in northern Mexico.
Manganese – Buchans Minerals Corporation (TSXV:BMC) has filed its Mineral Resource Estimate Technical Report for the Plymouth manganese-iron deposit in New Brunswick on SEDAR.
Graphite – In a speech presented at the New Diamond and Nano Carbons conference in Singapore, Gary Economo, president and CEO of Grafoid Inc., announced that Grafoid is mass producing MesoGraf™ graphene, which “sets a global standard for reliable, economically scalable and reproducible graphene” that can be used both commercially and industrially.