AGORACOM News Flash

AGORACOM WIRE - THURSDAY MAY 24TH

NEW! COMMERCE RESOURCES CORP. (TSX:CEE) Reports Robust Economics from Preliminary Economic Assessment for the Ashram Rare Earth Element Deposit, Northern Quebec Read More

Highlights:

Study results show a strongly positive cash flow from a 4,000 tonne per day open-pit operation at Ashram with a 25-year mine life, a pre-tax and pre-finance Net Present Value (NPV) at a 10% discount rate of $2.32 billion, a pre-tax/pre-finance Internal Rate of Return (IRR) of 44% and a pre-tax/pre-finance payback period of 2.25 years.
SGS’s economic evaluation was based on the March 6, 2012 resource estimate which used a base case geologic cut-off grade of 1.25% TREO and provided 29.3 million tonnes (Mt) of measured and indicated resource, as well as 219.8 Mt of inferred resource averaging 1.88% TREO.

LOMIKO METALS - Graphite and Zinc Price Outlook is Favourable Through 2013 Read More

Lomiko owns 100% of the 5,407 Ha Vines Lake Zinc Property and has an agreement to acquire 100% of the Quatre Milles Graphite Property which has recently been expanded to 3,780 Ha.

Lomiko Metals is a *Sponsor | Visit the Lomiko Metals HUB

GRAPHITE: Demand Seen Surging from Fuel Cells, Nuclear Reactors, Graphene Read More on AGORACOM Blog

DISCOVER GRAPHITE FACTS, NEWS AND INVESTMENTS

Visit AGORACOM Graphite Stocks Blog Visit Blog

2.46 MILLION OUNCES PGM + GOLD - Pacific North West Capital Corp (TSX:PFN) Read More AGORACOM Twitter: On Palladium Equivalent, PFN has 3.94M ounce M&I resource http://stks.co/3uSb Anglo Platinum a major shareholder *CLIENT

Close

Message: Ressources Appalaches Inc.: Private Placement for a Maximum of $1.2 M

Reply New Message

« Prev Message Back To Forum Go to Threaded View Next Message »

woodstock135

Rank: [?]

Treasurer

Points: [?]

875

Rating: [?]

Votes: 59 Score: 2.6

Currently 2.7/5 Stars.

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.

Ressources Appalaches Inc.: Private Placement for a Maximum of $1.2 M

posted on Dec 23, 08 11:19AM

Ressources Appalaches Inc.: Private Placement for a Maximum of $1.2 M

RIMOUSKI, QUEBEC, Dec 23, 2008 (MARKET WIRE via COMTEX News Network) --

Ressources Appalaches (TSX VENTURE: APP) announces a private placement offer comprising "A" units at $200 per unit and "B" units at $800 per unit, to a maximum total of $1,200,000.

This $1,200,000 placement offer is intended for accredited investors and for employees, members of senior management, directors, and consultants. The offer includes the issue of "A" units at a price of $200 per unit, each unit comprising 2,500 ordinary shares at a price of $0.08 per share and 2,500 warrants. It also includes the issue of "B" units at a price of $800 per unit, each unit comprising 7,275 ordinary flow-through shares at a price of $0.11 per share and 3,500 flow-through warrants.

Each warrant entitles the holder to subscribe for one ordinary share at a price of $0.10 per share, up to 30 June 2010, and each flow-through warrant entitles the holder to subscribe for one ordinary flow-through share at a price of $0.14 per share, up to 30 June 2010.

All subscriptions carried out through a middleman will be subject to a payment of 6% and all subscriptions carried out through a broker will be subject to a payment of 10% and the granting of broker warrants of 8% of the number of subscribed shares in "A" and "B" units, at a price of $0.10 per share, up to 30 December 2009.

These securities will be subject to a holding period of four months. This placement has received conditional approval from the TSX Venture Stock Exchange.

The proceeds of the placement will mainly be applied to the costs of exploration on properties located in Canada and working capital. The proposed work consists primarily of drilling.

Additional information may be obtained from the Company, by going to our website at www.ressourcesappalaches.com.

The TSX Venture Stock Exchange disclaims any responsibility for the veracity and accuracy of this press release.

Contacts: Ressources Appalaches Inc. Andre Proulx President 418-724-090 Ressources Appalaches Inc. Christian Guilbaud Investor Relations 514-813-7862 info@ressourcesappalaches.com

SOURCE: Ressources Appalaches Inc.

mailto:info@ressourcesappalaches.com

Rage Against The Machine

Reply New Message

« Prev Message Back To Forum Go to Threaded View Next Message »