Moly Company News Directory

Erdene Offers Tian Poh Resources Interest in Zuum Mod Project for Cash and Equity

Erdene Resource Development Corp. (TSX:ERD) announced it has given Tian Poh Resources Limited (ASX:TPO) the option to purchase interest in Erdene's Zuun Mod molybdenum-copper project in Mongolia. The agreement would grant Tian Poh a period of exclusivity to acquire and retain a 51 percent interest in the project for US $4.8 million in cash and equity and by meeting work commitments.

Adex Completes Rights Offering, Issues Additional Common Shares

Adex Mining Inc. (TSXV:ADE) announced the completion of its $5 million rights offering to acquire common shares, which ended February 4, 2015 at 4:00 p.m. EST. The number of subscriptions the company received was in excess of the available common shares, which led the company to issue 500,000,000 new common shares at a price of $0.01 each, to raise aggregate gross proceeds of $5 million.

American CuMo Settles Case with Previous Management

American CuMo (TSXV:MLY, OTCQX:MLYCF) announced that it had reached out of court settlements with previous management in a variety of suits filed between the two parties. No details of the settlements will be released. The company also announced it will hold its annual general meeting on February 27, 2015 at a yet to be determined location.