The Company has been advised by Sprott Asset Management LP, on behalf of certain of its funds, and by Waterton Global Value that each propose to subscribe for such number of Units as would result in them holding 19.9% of the issued and outstanding securities of the Company following the closing of the Private Placement.
Gold World Resources has contracted Norseman Exploration, Whitehorse to execute part of its intended 2012 exploration program by extracting a series of bulk samples beginning with a 50t sample from the Mount Anderson Yukon gold/silver, polymetallic project.
Sunset Cove Mining (TSXV: SSM) (BVL: SSM) is pleased to announce the discovery of a new silver vein, Vanessa, where surface sampling shows 312.77 g/t AG, on its Carolay Polymetallic Silver Property. Vanessa is located 60 meters below the Carolay vein with a strike of 325° azimuth and a 56° dip to the northeast.
Former CFO, Amir Mousavi, filed a notice of application with the Ontario Supreme court to confirm the election of a dissident board of directors. The vote came about after the incumbent board "failed to address concerns raised about lack of leadership and excessive CEO compensation, travel and entertainment expenses."