Moly Company News Directory

American CuMo Mining Announces Results From AGM

American CuMo Mining Corporation (TSXV:MLY,OTC:MLYCF) shareholders re-elected the following Board of Directors at the Company's annual and special general meeting: Shaun Dykes, John Moeller, Joseph Baird, Thomas Conway and Trevor Burns. Shareholders also approved an ordinary resolution rolling 10% incentive stock option plan for the next year.

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.