silverado goldmines (867737)
Press Release Source: Silverado Gold Mines Ltd.
Silverado Enters a US$3 Million to US$100 Million Equity Line of Credit
* On Tuesday May 12, 2009, 5:50 pm EDT
VANCOUVER, British Columbia, May 12, 2009 (GLOBE NEWSWIRE) -- Silverado Gold Mines Ltd (OTC BB:SLGLF.OB - News) (Frankfurt:SLGL.F - News) (http://www.silverado.com) (``Silverado'') hereby announces its entry into an equity line of credit agreement with Ashborne Finance Ltd., a British Virgin Islands corporation, pursuant to which Silverado has the right to raise at least US$3,000,000 and up to US$100,000,000 through the sale of its common stock over the course of the agreement, and upon execution, immediately raised US$250,000 of capital pursuant to an initial sale of 25 million common shares at a price of US$0.01 per share under the agreement. Silverado's president, Garry Anselmo, said: ``We anticipate that our entry into this credit line agreement could facilitate the funding of our ongoing business activities in the present difficult economic climate.'' Shareholders and prospective investors may review Silverado's filings of today's date on EDGAR and SEDAR for more information.
About the Company
Silverado Gold Mines Ltd, a publicly traded company, is an exploration-stage enterprise focused on the exploration of gold properties with some past production. The Company has gold properties located throughout Alaska, which include a 100 percent (%) interest in numerous mining claims located on the Nolan Creek property. The Company's wholly owned subsidiary, Silverado Green Fuel Inc, is developing a new environmentally friendly low-rank coal water fuel technology. The fuel is designed to be produced from low-rank coal and processed into an environmentally friendly oil substitute. For more information about Silverado Gold Mines Ltd or Silverado Green Fuel Inc, please visit http://www.silverado.com and http://www.silveradogreenfuel.com, respectively.
Forward-Looking Statements
This news release may contain, in addition to historical information, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this news release that are forward-looking statements are based on the current expectations, beliefs, assumptions, estimates and forecasts about the Company's business and the industry and markets in which it operates.
Such forward-looking statements involve risks and uncertainties regarding the market price of gold, availability of funds, government regulations, common share prices, operating costs, capital costs, outcomes of test mining activities and other factors. Forward-looking statements are made, without limitation, in relation to operating plans, property exploration activities, including test mining activities, availability of funds, environmental reclamation, operating costs and permit acquisition. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as ``may'', ``will'', ``should'', ``expect'', ``plan'', ``intend'', ``anticipate'', ``believe'', ``estimate'', ``predict'', ``potential'', or ``continue'', and the negative of such terms or other comparable terminology. Actual events or results may differ materially. In evaluating these statements, you should consider various factors, including the risks detailed in the Company's filings with the Canadian Securities Authorities and the US SEC. These factors may cause the Company's actual results to differ materially from any forward-looking statement. Except as required by applicable securities laws, the Company disclaims any obligation to publicly update these statements, or disclose any difference between its actual results and those reflected in these statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements.
Contact:
Silverado Gold Mines Ltd
Investor Relations
(604) 689-1535
ir@silverado.com
www.silverado.com
1820-1111 West Georgia Street
Vancouver, BC V6E 4M3
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Wertpapier: Silverado Gold Mines |
fröhliches Pump and Dump...
Ich sach nur jipieeeeh und da kommt noch mehr...
Ach ja, ich erinnere an mein Posting,:
SWay: Keine Sorge,
07.05.09 01:51
#9240 down
Deutschland 07.05.09 01:54 = USA 06.05.09
Zeitpunkt der Vereinbarung 06.05.09....
Da sag doch bitte noch einer ich hätte nicht ein verdammt feines Gefühl. ;)
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Auf zu neuen Ufern ;-) Her mit den Diamanten...
0.0120 +0.0026 (27.66%) bei 4Mio Shares
Wäre mal nett wenn wir wieder über dem Cent schliessen würden.
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besser wie die erwähnten 0,0081$
Angehängte Grafik:
chart.png (verkleinert auf 51%)
chart.png (verkleinert auf 51%)
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Schönen guten Morgen, ice
15 wir kommen....
Mein erster Kauf war bei 0,006....
und jetzt das Kuriose: Ich hatte meine Order gestern noch gelöscht und sie wurde aber durchgeführt....
da freue ich mich aber.....
jipiyeah...
http://agoracom.com/ir/Silverado/forums/...y/messages/1136957#message
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UPDATE 1-China halts mine approval for antimony, tungsten
Published: 07 May 2009 03:20:26 PST
HONG KONG, May 7 - China has suspended the approval process for new antimony, tungsten and rare earth mines until the end of June next year, excluding selected projects, to preserve its resources for future need.
China, the world's top producer of the three types of metals, widely used in heavy and light industries, is also limiting mining of tungsten to 68,555 tonnes and rare earth to 82,320 tonnes this year, according to a document posted on Ministry of Land and Resources' website. (www.mlr.gov.cn)
The country also set a mining quota on antimony to 90,180 tonnes this year for the first time.
Hunan province is alloted the biggest quota for 36,000 tonnes of antimony this year. The province is the home of the country's top antimony producer, Hsikwangshan Twinkling Star, controlled by Hunan Nonferrous Metals <2626.HK>.
An executive at Hsikwangshan said Beijing was expected to release another document to detail the quotas and how to imply the new policy.
"The new policy should have bigger impacts on small mines," he added.
Hsikwangshan plans to produce 28,000 tonnes of antimony this year versus 25,000 tonnes last year, the executive said.
He said the firm's exports of antimony had fallen to 70 percent of its monthly production from more than 80 percent of the monthly output last year due to reduced demand in overseas markets.
The firm was offering exports of spot antimony ingot at $4,800 a tonne for delivery to Rotterdam, he said.
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