Andean American Mining (TSX.V-AAG) has announced an agreement with a prominent metals trader to further advance the Invicta project. The agreement is to provide a Bridge Facility in exchange for the right to buy gold and silver production from the Invicta Mine. The Facility is for US $8 million and should close June 1, 2010… Continue reading Andean American Announces US$8 Million Bridge Loan and Gold Offtake Agreement
Tag: financing
IR Pro to Attend May 1st 2010 Intnl Asian Investment Forum Presenting Grizzly Discoveries and Andean American Mining
IR Pro Communications will be at the 2010 International Asian Investment Forum being held on Saturday, May 1st at the Sheraton Airport Hotel in Richmond, B.C. The IAIF hours are 10:00 am to 5:00 pm. We will be representing Grizzly Discoveries and Andean American Mining. I will provide further information once a booth number has… Continue reading IR Pro to Attend May 1st 2010 Intnl Asian Investment Forum Presenting Grizzly Discoveries and Andean American Mining
Grizzly Heavily Invested in Greenwood Gold-Mining Startup
EDMONTON — Grizzly Discoveries (TSX V: GZD) said Tuesday it plans to spend $500,000 on an initial exploration program at its Greenwood gold project in British Columbia. It will include geological mapping, sampling, ground geophysics and drilling at two target areas where there is evidence of historic mining activities. One of the areas has yielded… Continue reading Grizzly Heavily Invested in Greenwood Gold-Mining Startup
Andean American Partners with Trafigura
Great news today with Andean American. Trafigura has taken an equity investment in the amount of $3,000,000 and has long term off-take agreements for the sale of the Invicta project’s copper, lead and zinc concentrates. The Company and Trafigura also intend to negotiate a project finance, cost overrun and working capital facility for up to… Continue reading Andean American Partners with Trafigura
Andean American Announces $3M Financing
March 24/10 – Andean American announced a $3 million non-brokered private placement at $0.40. These funds will be used to advance the gold Invicta project and general working capital.
Sinchao Metals Announced a $1 Million Private Placement
Today Sinchao Metals announced a $1 million financing. These funds will go towards advancing the Sinchao project and general working capital.
Andean American Mining Update
Andean American is awaiting an updated Feasibility Study to reflect the increased resource estimate. Barclays Capital and WestLB AG have been engaged as joint lead arrangers for debt financing of US $68 million to move the gold-copper-silver Invicta project into production.