Archive for April, 2010

Moly Mines Welcomes Hanlong as Major Shareholder

Moly Mines Limited (TSX:MOL)(ASX:MOL) advised that Hanlong Mining Investment Pty Ltd has today become the Company’s controlling shareholder following the settlement of the US$200 million equity and debt funding pursuant to the Subscription Agreement dated 19 October 2009.

Avanti Mining reports purchase of contiguous mineral claims

Avanti Mining reports that it has signed an agreement to purchase a 100% interest in two mineral claims located in Kitsault, British Columbia, Canada. Avanti is focused on the development of the past producing Kitsault molybdenum mine located north of Prince Rupert in British Columbia. Kitsault has Proven and Probable reserves of 215 million tonnes grading 0.085% Mo [...]