Mining and Metals
Mining and Metals

• Cartier Announces Closing of a $620,880 Financing
  VAL-D'OR, QUEBEC--(eMediaWorld - Dec. 23, 2008) - Cartier Resources inc. (TSX VENTURE:ECR) ("Cartier") announces the closing of a non-brokered private placement for a total of 2,822,182 units for a total amount of $620,880. Each unit is priced at $0.22 and consists of one common share of the company and a right to purchase one half warrants. A whole share purchase warrant may be exercised at $0.35 a share for a period of 24 months from the closing of this financing. The subscribers of this financing include CGE Ressources 2008 for a total of $200,000 (909 091 units). The remaining 1,913,091 units for a total of $420,880 were subscribed by accredited investors non related to the company (with the exception of one director of the company).
• Ateba Resources Inc. Announces Revocation of Cease Trade Orders
  TORONTO, ONTARIO--(eMediaWorld - Dec. 23, 2008) - Ateba Resources Inc. ("The Company") is pleased to announce that effective December 18, 2008, the following cease trade orders previously issued against the Company have all been concurrently revoked by the relevant provincial securities regulators: (a) an order issued by the Ontario Securities Commission on May 23, 2003, as extended by a further order dated June 4, 2003, for failure to file audited financial statements for the year ended December 31, 2002;
• Cartier annonce la clôture d'un financement privé au montant de 620 880 $
  VAL-D'OR, QUEBEC--(eMediaWorld - 23 déc. 2008) - Ressources Cartier inc. (TSX CROISSANCE:ECR) ("Cartier") annonce la clôture d'un financement privé sans courtier de 2 822 182 unités totalisant 620 880$. Chaque unité, au prix de 0.22 $ par unité, comprend une action ordinaire accréditive et un demi bon de souscription. Chaque bon de souscription entier permettra à son détenteur de souscrire à une action ordinaire non-accréditive au prix de 0,35 $ par action pour une période de 24 mois suivant la clôture du placement.
• Ontex Resources Limited Completes Private Placement
  LONDON, ONTARIO--(eMediaWorld - Dec. 23, 2008) - NOT FOR DISTRIBUTION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES Ontex Resources Limited (TSX:ONT) is pleased to announce that it completed today a non-brokered private placement of $800,000 through the sale of 4,000,000 flow-through common shares at a price of $0.20 per share. Gross proceeds from the sale of the shares will be used for exploration and development. Ontex paid a cash finder's fees to M Partners Inc. equal to 8% of the gross proceeds of the private placement.
• Ivernia Announces Esperance Contribution Agreement
  TORONTO, ONTARIO--(eMediaWorld - Dec. 23, 2008) - Ivernia Inc. (TSX:IVW) (the "Company") is pleased to announce that together with its wholly owned subsidiary, Magellan Metals Pty Ltd ("Magellan") it has agreed with the State of Western Australia (the "State") and the Esperance Port Authority ("EsPA") a suitable financial contribution toward the resolution of outstanding lead issues at Esperance. The agreement, dated December 23, 2008 (the "Esperance Agreement"), provides for a financial contribution by Magellan of A$9 million toward comprehensive clean-up activities at the Port and within the town. The agreement has been formally approved and signed by the State, EsPA, Magellan and Ivernia and mutually releases the parties from claims against each other in respect of lead pollution in and around the port and town of Esperance.
• Colorado Goldfields Inc. in Contract Negotiations With Kinross Gold Corporation (NYSE: KGC) on Acquisition of the Historic Sunnyside Mine in Silverton and Other Kinross Colorado Mining Properties
  LAKEWOOD, CO--(eMediaWorld - December 23, 2008) - Colorado Goldfields Inc. (OTCBB: CGFI) announced today that the Company has entered into contract negotiations with Kinross Gold Corporation for the acquisition of approximately 142 patented mining claims in proximity of Colorado Goldfields' operations in Silverton, Colorado. The properties include the historic Sunnyside Mine, which is adjacent to the Gold King Mine controlled by Colorado Goldfields.
• Tournigan Finalizes Dalradian Gold Agreement in Northern Ireland
  VANCOUVER, BC--(eMediaWorld - December 23, 2008) - Pursuant to the announcement by Tournigan Energy Ltd. ("Tournigan") (TSX-V: TVC) (FRANKFURT: TGP) on October 2, 2008 that it had arranged to sell its wholly-owned subsidiaries Dalradian Gold Limited ("Dalradian Gold") and Tournigan USA Inc., Tournigan is now pleased to announce that it has amended and closed the Dalradian Gold transaction and is continuing to work toward closing the Tournigan USA transaction.
• Fronteer Development Group Inc.: Regional Drilling at Halilaga Intersects New Areas of Copper-Gold Mineralization
  VANCOUVER, BRITISH COLUMBIA--(eMediaWorld - Dec. 23, 2008) - Fronteer Development Group Inc. ("Fronteer" or the "Company") (TSX:FRG)(NYSE Alternext US:FRG) is pleased to announce that widely spaced regional drilling at its Halilaga Project in northwestern Turkey has intersected encouraging new copper-gold mineralization, reinforcing the prospectivity of this emerging mineral belt. Teck Cominco Limited's Turkish subsidiary ("TCAM"), Fronteer's 60% joint venture partner, is currently testing a series of geochemical and geophysical anomalies within an eight-square-kilometre area believed to have the potential to host porphyry and skarn-style mineralization. These new targets are located up to four kilometres southeast of the Central Zone (also known as the "Kestane Zone"), a porphyry copper-gold deposit recently discovered by Fronteer and TCAM.
• Worthington Industries Posts $160 Million 2Q09 Loss on Softening Demand and Price of Steel, an Industrial Info News Alert
  SUGAR LAND, TX--(eMediaWorld - December 23, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Worthington Industries Incorporated (NYSE:WOR) (Columbus, Ohio) has posted a second-quarter 2009 loss of about $160 million as a result of the economic downturn and a major drop in steel prices. As part of cost-cutting efforts, the company plans to permanently close its Louisville Cold-Rolled Steel Plant in Kentucky by the end of 2009. Industrial Info has been tracking the plant closure, which is expected to cost about $1.5 million, since November.
• Coro Announces Non-Brokered Private Placement
  VANCOUVER, BRITISH COLUMBIA--(eMediaWorld - Dec. 22, 2008) - Coro Mining Corp. ("Coro" or the "Company") (TSX:COP) is pleased to announce the terms of a non-brokered private placement to raise gross proceeds of up to $4,500,000. Of the total gross proceeds, $3,000,000 will be subscribed for by Benton Resources Corp ("Benton"), a mineral exploration company listed on the TSX.V (Symbol: BTC) and the balance of up to $1,500,000 will be subscribed for by other unrelated parties. The Company expects to close the private placement on or before January 16, 2009.
• Triex Minerals Corporation: Compliance
  VANCOUVER, BRITISH COLUMBIA--(eMediaWorld - Dec. 22, 2008) - Triex Minerals Corp. (the "Company") (TSX VENTURE:TXM) has been required by the Compliance & Disclosure Department of the TSX Venture Exchange to disclose that one of its directors, Mr. Robert F. Weicker, received a Consent Order dated October 30, 2008 ("the Order") from the Association of Professional Engineers & Geoscientists of B.C. (the "APEGBC") regarding news releases issued in 2004 by Aberdene Mines Ltd. Mr. Weicker was formerly a director and officer of Aberdene Mines Ltd., an OTC Bulletin Board-traded issuer unrelated to the Company (see News Release dated August 14, 2007).
• Silver Quest Compliance Update
  VANCOUVER, BRITISH COLUMBIA--(eMediaWorld - Dec. 22, 2008) - Silver Quest Resources Ltd. (the "Company") (TSX VENTURE:SQI) has been required by the Compliance & Disclosure Department of the TSX Venture Exchange to disclose that one of its directors, Mr. Robert F. Weicker, received a Consent Order ("the Order") from the Association of Professional Engineers & Geoscientists of B.C. (the "APEGBC") regarding news releases issued in 2004 by Aberdene Mines Ltd. Mr. Weicker was formerly a director and officer of Aberdene Mines Ltd., an OTC Bulletin Board-traded issu