Rainy River Resources Ltd
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MINING PEOPLE: Armistice Resources, Intrepid Mines, and Rainy River Resources
Greg Gibson is now CEO, president and a director of Toronto-based Armistice Resources Corp., operator of the McGarry gold mine. His career includes being a mine manager in gold and copper mines in Australia, a nickel mine n Timmins, ON, and a…
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TAKEOVER: New Gold takes up 97% of Rainy River shares
VANCOUVER – New Gold has succeeded in its takeover of Toronto’s Rainy River Resources, having acquired 100.9 million common shares or 97.5% of Rainy River. New Gold will take up the remaining, untendered shares by way of compulsory…
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MERGER: New Gold extends offer for Rainy River
TORONTO – With 86.2% of the outstanding Rainy River Resources shares pledged to its offer, New Gold extending its offer for all Rainy River shares to 5 pm, Aug. 8, 2013.
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New Gold sees opportunity in $310-million Rainy River deal
VANCOUVER — With junior equity valuations falling, it seems logical the market would have increased merger and acquisition activity by larger cap miners looking to score relative bargains on quality assets. And that seems to be the case…
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GOLD: Intrepid zone at Rainy River open at depth
ONTARIO – The latest drill hole results from Rainy River Resources at the Intrepid zone trace the mineralization along a 410-metre strike length and down dip for 450 metres. The zone is open at depth.
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GOLD-SILVER: Rainy River ready to proceed
ONTARIO – A positive feasibility study for the Rainy River gold-silver project 80 km south of Kenora has owner Rainy River Resources of Toronto eager to proceed. The proven and probable reserves host 4.0 million oz of gold and 10.3…
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Rainy River outlines new gold zone in advance of feasibility study
VANCOUVER – A new zone keeps generating gold-silver hits at Rainy River Resources’ (RR-T) namesake project in northwestern Ontario, creating a slew of strong numbers to inform a new resource estimate planned for the middle of the year….
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GOLD: Rainy River offers more results from Intrepid zone
ONTARIO – Eleven of the 18 recent drill holes in the Intrepid zone show widths suggestive of open pit potential, according to Rainy River Resources of Toronto. The company has traced the Intrepid zone over a 335-metres strike lengths and…
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FINANCING: Rainy River ups bought deal to $57.5M
ONTARIO – Rainy River Resources of Toronto has boosted the size of its public offering to $57.5 million, or 10.5 million common shares at a price of $5.50 each. The underwriters have also been granted an option to purchase up to 1.6…
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GOLD STUDY: Rainy River updates PEA with higher grades
ONTARIO – Toronto-based Rainy River Resources has revised the preliminary economic assessment for its Rainy River gold project 80 km south of Kenora, thanks to estimated mill head grades of 1.45 g/t Au, 50% above the figure used in…
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Yamana pounces on Extorre with US$404 million bid
VANCOUVER — Following a tumultuous four months that saw share prices plummet and development options narrow, Vancouver-based explorer Extorre Gold Mines found a solution to its problem in the form of Toronto-based producer Yamana Gold,…
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Speculation mounts about IamGold’s takeover targets
IamGold chief executive Steve Letwin says the cash-rich miner plans to spend $400 million to $500 million on an acquisition in the Americas over the coming months. The mid-tier gold producer has about $1.4 billion in cash and no debt and wants…