Chart usGOLD   Chart usSILVER  
 
Food for thought
Unquestionably, there is progress. The average American now pays out twice as much in taxes as he formerly got in wages.
H.L. Mencken  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1359.60-27.44
Silver 22.25-0.41
Platinum 1451.52-31.48
Palladium 735.25-1.25
WORLD MARKETS
DOWJONES 15354120
NASDAQ 349934
NIKKEI 15138101
ASX 516016
CAC 40 400122
DAX 839828
HUI 246-10
XAU 97-3
CURRENCIES (€)
AUS $ 1.3162
CAN $ 1.3193
US $ 1.2825
GBP (£) 0.8461
Sw Fr 1.2477
YEN 132.4600
CURRENCIES ($)
AUS $ 1.0268
CAN $ 1.0279
Euro 0.7797
GBP (£) 0.6593
Sw Fr 0.9725
YEN 103.1300
RATIOS & INDEXES
Gold / Silver61.11
Gold / Oil14.16
Dowjones / Gold11.29
COMMODITIES
Copper 3.300.01
WTI Oil 96.020.86
Nat. Gas 4.060.13
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
In the same category 
( 0 vote, 0/5 ) Print article
     
Tweet
=======================================================================
Re:   News Releases - Friday, February 20, 2009
      Tiomin Invests in Kivu Gold Corp.
=======================================================================

TORONTO - February 20, 2009: Tiomin Resources Inc. (TSX: TIO) ('Tiomin'
or the 'Company') is pleased to announce in furtherance to its news
release dated January 14, 2009 that it has completed its further
investment in Kivu Gold Corporation ('Kivu') by way of private
placement of $1,424,375 worth of common shares of Kivu at a price of
$0.215 per Kivu common share (the 'Investment'), thereby increasing its
ownership from approximately 16.9% to approximately 33.5% of the
outstanding common shares of Kivu. Subscribers to the Kivu private
placement, other than Tiomin, including a director of the Company,
purchased an additional 1,475,116 Kivu common shares for aggregate
proceeds to Kivu of approximately $317,150.

Kivu is an exploration company focusing on sub-Saharan Africa. Kivu is
controlled by the directors and officers of Tiomin. On February 14,
2008 the Company completed its first investment in Kivu, when it
acquired 4,000,000 common shares of Kivu, or approximately 16.9% of the
then 23,630,000 issued and outstanding common shares of Kivu.
Non-related directors of Tiomin approved the initial investment based
on their review and analysis, which included receiving an independent
fairness opinion.

As a result of the Investment, the Company now owns 10,625,000 Kivu
common shares or approximately 33.5% of Kivu. The directors, officers
and employees of Tiomin hold 12,550,000 common shares of Kivu, of which
10,000,000 common shares of Kivu are held by Jean-Charles Potvin, the
Chairman of Tiomin, and 1,250,000 common shares of Kivu are held
indirectly by Bob Jackson, the President and CEO of Tiomin, who are
also directors of Kivu.

Scott Wilson Roscoe Postle Associates Inc. completed a report entitled
"Valuation of the Exploration Properties of Kivu Gold Corporation"
dated December 31, 2008 and an independent fairness opinion was
obtained from Fraser Mackenzie Limited that the Investment is fair from
a financial point of view to the shareholders of the Company.

In accordance with the rules of the Toronto Stock Exchange, the
Company's Investment in Kivu was approved by the independent members of
the Company's board of directors.

Bob Jackson, President and CEO of the Company, commented that "the
increased investment in Kivu Gold Corp. is consistent with the
Company's strategy to actively and diligently pursue exploration and
investment opportunities to enhance shareholder value. The Investment
will fund promising exploration activities on the target properties in
2009."

Although the Company's Investment in Kivu was a related party
transaction, the completion thereof was not subject to the shareholders
meeting and valuation requirements of Multilateral Instrument 61-101 as
the fair market value of the Investment did not exceed 25% of the
market capitalization of the Company.

To find out more about Tiomin Resources Inc., please visit the
company's website at www.tiomin.com.

For further information on Tiomin please contact:
             
Jim O'Neill, VP Corporate Controller and Investor Relations         
E-Mail: joneill@tiomin.com          
Phone: 416-350-3779, ext.  231         
        
Certain of the information contained in this news release constitutes
'forward-looking statements' within the meaning of securities laws. 
Such forward-looking statements, including but not limited to those
with respect to the prices of metals and minerals, estimated future
production and estimated costs of future production involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements to be materially different
from any forecast results, performance or achievements expressed or
implied by such forward-looking statements.   Such factors include,
among others, the actual prices of copper and gold, the actual results
of current exploration, development and mining activities, changes in
project parameters as plans continue to be evaluated, as well as those
factors disclosed in the documents of the Company filed from time to
time with the Ontario Securities Commission.

=======================================================================
Copyright (c) 2009 TIOMIN RESOURCES INC. (TIO)  All rights reserved.
For more information visit our website at http://www.tiomin.com/ or
send mailto:news@tiomin.com
=======================================================================
.
<
Tweet

Vaaldiam Mining Inc.

PRODUCER
CODE : VAA.TO
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Email Alert Add to Watchlist Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy
Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
In the News and Medias of Vaaldiam Mining Inc.
9/17/2007Tiomin's Kwale titanium project a white elephant
Nominations of Vaaldiam Mining Inc.
10/2/2007 Appoints Director
6/18/2007Completes Jinchuan Investment, Appoints Director
Financials of Vaaldiam Mining Inc.
5/3/2012Reports 2012-Q1 Financial Results
3/16/2012Reports 2011 Financial Results
11/9/2011Reports 2011-Q3 Financial Results
6/15/2011Reports 2011-Q1 Financial Results
3/28/2011Reports 2010 Financial Results
11/16/2010Vaaldiam Reports 2010 Q3 Financial Results
7/31/2009Reports Second Quarter Financial Results Seeks Merger To Exp...
3/13/2009Reports 2008 Audited Financial Results
11/11/2008TEST 1: Tiomin Reports 2008 Q3 Financial Results
Project news of Vaaldiam Mining Inc.
4/7/2011(Brauna)Positive Preliminary Assessment at Brauna
8/31/2009(Kwale)& Jinchuan Sign Important Project Development Agreement in K...
9/8/2008(Kwale)Jinchuan Board Approves Tiomin Kenya Purchase
5/12/2008(Pukaqaqa)Adds Exploration Land In Peru And Updates Status In Kenya
10/25/2007(Pukaqaqa) Increases Measured & Indicated Copper & Gold Resources at P...
5/9/2007(Pukaqaqa)Reports Final Drill Results from 2006-07 Program at Pukaqaqa...
4/20/2007Reports First Drilling Results from 15,500 Meter Program at ...
Corporate news of Vaaldiam Mining Inc.
8/3/2010Vaaldiam Sells Titanium Asset
3/25/2010Changes Company Name to Vaaldiam Mining Inc.
2/25/2010Signs Sale Agreement for Kenya Assets
10/2/2009Closes Freegold Debt Conversion Transaction And Updates Stat...
9/16/2009Makes Progress Towards Completing Key Conditions For 70% Sal...
9/12/2009-- Early Warning Report
9/8/2009to Increase Gold Exploration Portfolio
7/23/2009Announces Settlement With Jaguar Financial
7/20/2009Announces Freegold Defaults On Loan
5/26/2009CEO outlines corporate strategy and focus for 2009 at compan...
5/19/2009Reminds Shareholders to Vote Their Blue Proxy
5/4/2009Announces Mailing and Filing of Management Proxy Circular
4/27/2009Notes News Release from Jaguar Financial Announcing Its Inte...
4/2/2009Receives Notice from Jaguar of its Intent to Commence Legal ...
4/1/2009and Freegold Restructure Bridge Loan & Tiomin Notes North Am...
3/5/2009Schedules Annual and Special Meeting of Shareholders for May...
3/3/2009Refutes Jaguar Claims, has Support of Jinchuan & Seeks Major...
2/27/2009Summarizes Kivu's Exploration Activities
2/25/2009Corrects & Responds to Jaguar Press Release
2/19/2009Will Not Proceed With Proposed Business Combination
2/10/2009Business Combination
2/20/2009Invests in Kivu Gold Corp.
2/20/2009Provides General Update
2/17/2009Receives Requisition for Shareholder Meeting From Jaguar Fin...
1/14/2009Announces Tsx Approval Of Normal Course Issuer Bid
1/14/2009Extends Freegold Ventures' Bridge Loan
1/7/2009Comments on 2009 Outlook & Strategy
1/2/2009Makes Changes to Board of Directors
12/10/2008Adopts Shareholder Rights Plan
11/7/2008Jinchuan Delays Closing of Kwale Transaction
9/27/2008Announces Closing Of Radiant Business Combination
8/22/2008Provides Bridge Loan to Freegold Ventures
7/29/2008and Jinchuan Sign Agreement to Develop the Kwale Titanium Pr...
5/28/2008 Announces Proposed Acquisition Of Radiant Resources Inc.
7/3/2007Explores Brazilian Opportunities, Signs Agreement
6/12/2007Shareholders Approve Jinchuan Group Ltd. Investment, Company...
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Latest comment posted for this article
Be the first to comment
Add your comment
TORONTO (VAA.TO)
0.280+0.00%
TORONTO
Prev close Open
Low High
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
0.260 -  0.260 -100.00%
Volume 1 month var.
-100.00%
Produces Diamonds
Develops
Explores for Copper - Diamonds - Gold - Ilmenite - Molybdenum - Rutile - Silver - Zircon
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
TOP NEWSRELEASES
Annual variation
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Get Investor Information
High Desert Gold
Select
& click