Mandalay and Elgin are pleased to announce the completion of the acquisition of Elgin by Mandalay by way of a court-approved plan of arrangemen. Mr. Brad Mills, Chief Executive Officer of Mandalay, commented, "I am pleased to announce that we have successfully closed the Elgin transaction as planned, adding Elgin's Björkdal gold mine in Sweden as Mandalay's third producing mine in a top mining jurisdiction. We welcome all [...]
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./ TORONTO, Sept. 9, 2014 /CNW/ - Mandalay Resources Corp. (TSX: MND) ("Mandalay") and a fund advised by West Face Capital Inc. ("West Face") announced today the closing of the previously announced secondary offering (the "Offering") by West Face of 40,000,000 common shares of Mandalay (the "Common Shares") at a price of $1.10 per [...]
TORONTO, Sept. 3, 2014 /CNW/ - Mandalay Resources Corp. (TSX: MND) ("Mandalay") is pleased to announce that at the Special Meeting of the Shareholders of Elgin Mining Inc. (TSX: ELG) ("Elgin Mining") held earlier today, Elgin Mining received overwhelming approval for the resolution approving the plan of arrangement (the "Arrangement") pursuant to which Mandalay will acquire all of the outstanding common shares of Elgin [...]
Mandalay Resources and a fund advised by West Face Capital today announced that West Face has entered into an agreement with BMO Capital Markets and the Company to complete a secondary offering, on a bought deal basis, under which BMO Capital Markets has agreed to purchase 40,000,000 common shares of the Company held by West Face at a purchase price of C$1.10 per Common Share for gross proceeds of C$44,000,000. West Face [...]
TORONTO, Aug. 6, 2014 /CNW/ - Mandalay Resources Corp. ("Mandalay" or the "Company") (TSX: MND) announced today revenue of $44.9 million, adjusted EBITDA of $16.4 million and net income of $4.9 million or $0.01 per share for the second quarter of 2014. The Company's unaudited consolidated financial results for the three and six months ended June 30, 2014, together with its Management's Discussion and Analysis ("MD&A") for [...]
TORONTO, Aug. 1, 2014 /CNW/ - Mandalay Resources Corp. ("Mandalay" or "the Company") (TSX:MND) today announced that its second quarter 2014 financial results will be released after market close on Wednesday, August 6, 2014, followed by a conference call with Mandalay CEO Brad Mills for investors and analysts on August 7, 2014 at 8:00 am (Toronto time). Analysts and interested investors are invited to participate using [...]
TORONTO and VANCOUVER, July 31, 2014 /CNW/ - Mandalay Resources Corporation ("Mandalay") (TSX: MND) announced today that it has advanced, by way of the previously disclosed convertible bridge loan, approximately C$5 million to Elgin Mining Inc. ("Elgin") (TSX: ELG). Elgin used the proceeds of the loan to repay its existing loan from Sprott Resource Lending Partnership ("Sprott") and has now settled all outstanding [...]
TORONTO, July 25, 2014 /CNW/ - Mandalay Resources Corp. ("Mandalay") (TSX: MND) is pleased to provide the following update on the previously announced transaction with Elgin Mining Inc. ("Elgin") (TSX: ELG). Elgin has now reached a resolution of all outstanding reclamation obligations relating to its former coal operations in Kentucky, and these are to Mandalay's satisfaction. The parties have also entered into an amended [...]
TORONTO, July 17, 2014 /CNW/ - Mandalay Resources Corp. ("Mandalay" or the "Company") (TSX: MND) is pleased to announce drill results from its infill and extensional drilling at the Costerfield gold-antimony mine, Victoria, Australia during the first half of 2014. Highlights include: Cuffley lode (Figure 1 and Table 1)— New intercepts have infilled a 50 m by 100 m area of previously Inferred Mineral Resource at the [...]
TORONTO, July 10, 2014 /CNW/ - Mandalay Resources Corp. ("Mandalay" or the "Company") (TSX: MND) announced today its production and sales results for the second quarter, 2014. Brad Mills, Chief Executive Officer of Mandalay, commented: "Mandalay's operations delivered steady operational performance in the second quarter. Cerro Bayo operations achieved a rate of 1,350 tonnes per day ("tpd") of ore production in June [...]
TORONTO, July 9, 2014 /CNW/ - Mandalay Resources Corp. ("Mandalay" or the "Company") (TSX: MND) is pleased to announce encouraging results of its continuing wide-spaced core drilling program from underground and surface platforms to probe for vein extensions and has recognized two new veins under Laguna Verde (click here for Figure 1 - Laguna Verde Drill Plan View). Highlights of the results during the first half of [...]
Citation Resources is pleased to announce that the shareholders of Citation have approved the previously announced plan of arrangement with Inlet Resources pursuant to which Citation will become a wholly- owned subsidiary of Inlet. At the annual general and special meeting of Citation held earlier today, the Arrangement was approved by approximately 92% of the votes cast by shareholders present in person or represented by [...]
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