Fermer X Les cookies sont necessaires au bon fonctionnement de 24hGold.com. En poursuivant votre navigation sur notre site, vous acceptez leur utilisation.
Pour en savoir plus sur les cookies...
Cours Or & Argent en

Laramide Resources Ltd

Publié le 15 août 2013

announces institutional funding transaction with The Lind

( 0 vote, 0/5 ) Imprimer l'article
  Article Commentaires Commenter Notation Suivre la société  
Mots clés associés :   Canada | G Mexico | Uranium | Utah |

Laramide Resources announces institutional funding transaction with The Lind Partners

TORONTO, Aug. 15, 2013 /CNW/ - Laramide Resources Ltd. ("Laramide" or the "Company") (TSX/ASX:LAM) is pleased to announce that it has entered into a financing transaction with the Canadian Special Opportunity Fund, L.P., a fund managed by The Lind Partners Canada, LLC, (together "Lind").

On August 14, 2013, Lind subscribed for an unsecured subordinated convertible security of Laramide in the principal amount of C$300,000 (the "Convertible Security") and 200,000 warrants. The Convertible Security bears no interest and is convertible into 600,000 common shares of Laramide within 18 months from the date of issuance. Each warrant will entitle Lind to convert into one common share of Laramide, exercisable within 36 months of issuance at C$0.75 per share. The Convertible Security can also be redeemed by Lind at any time commencing upon the earlier of (i) the date six (6) months following the date of the Convertible Security; (ii) the date on which the Company terminates the Convertible Security in accordance with its terms; or (iii) in certain other circumstances provided for in the agreement. The Convertible Security is subject to standard adjustments and anti-dilution provisions.

The Company also intends to enter into a definitive securities purchase agreement (the "SPA" or the "Equity Financing") with Lind, whereby Lind will invest a minimum of C$2,700,000 up to a maximum of C$5,250,000. Subject to certain conditions, Lind would subscribe for, and Laramide would agree to issue and sell, a minimum of C$2,700,000 of common shares in 18 tranches, approximately every 30 days. Lind's subscription for each tranche would be in the amount of C$150,000 per tranche and the first tranche will be completed on closing of the SPA. Laramide and Lind may increase the amount of each tranche up to C$300,000, by mutual consent, increasing the maximum amount under the SPA to C$5,250,000.

Laramide's President and Chief Executive Officer Marc Henderson stated: "This transaction ensures Laramide's key projects will continue to be advanced, while at the same time the flexibility of this structure provides for near market pricing and dilution control until conditions warrant additional funding or the potential receipt of near-term cash flow is realized from our U.S. projects. The advanced stages of our projects will allow us to achieve important milestones, such as an updated economic study (PEA) on Westmoreland, completion of permitting activities in the U.S. and an airborne survey on Rio Tinto Murphy Farm-In tenements, without incurring significant capital commitments."

Lind is a New York-based asset management firm that selectively invests in small- and mid-cap natural resource companies publicly traded in Australia, Canada and the UK. The Lind team has extensive experience investing in natural resources and has become a leading provider of growth capital to junior companies.

The Convertible Security and underlying common shares and related warrants were issued under exemptions from Canadian and United States securities laws and are subject to a four month hold period. The prospectus supplement to the base shelf prospectus (expected to be filed shortly with the securities commission) related to the SPA (the "Prospectus Supplement") will define all terms related to the Convertible Security.

The Equity Financing remains subject to entering into appropriate definitive agreements and receipt of all required approvals of the TSX and customary exemptive relief from applicable provincial securities commissions and all securities issuable to Lind being qualified by a prospectus. Laramide and Lind will jointly apply for an order for this customary exemptive relief. The SPA and the Prospectus Supplement will be filed with the securities regulators in Ontario and a press release describing the terms will be provided on closing.

The transaction provides for a break fee of C$150,000 payable by Laramide in circumstances where the SPA is not entered into by a prescribed date. Laramide also maintains the right to terminate the SPA at any time at no cost.

For further information on Laramide, please visit www.laramide.com

About Laramide Resources:
Laramide is engaged in the exploration and development of high-quality uranium assets. Its wholly owned uranium assets are in Australia and the United States. Laramide's portfolio of advanced uranium projects have been chosen for their production potential. Its flagship project, Westmoreland, in Queensland, Australia, is one of the largest projects currently held by a junior mining company. Its U.S. assets include La Jara Mesa in Grants, New Mexico, and La Sal in the Lisbon Valley district of Utah. Its portfolio also includes joint ventures in the Northern Territory, Australia, strategic equity positions and a portfolio of uranium royalties in the Grants Mineral District of New Mexico.

About The Lind Partners:
The Lind Partners, LLC is a New York-based asset management firm that manages the Canadian Special Opportunity Fund, L.P. and the Australian Special Opportunity Fund, L.P.�  The Lind team has been investing in junior natural resource companies since 2009 and has completed more than 40 direct investment transactions for more than $415 million of total transaction value, mainly in Australian publicly traded junior companies in mining, oil & gas, biotech and clean tech. For more information on The Lind Partners, please visit www.thelindpartners.com.

This press release contains forward-looking statements. The actual results could differ materially from a conclusion, forecast or projection in the forward-looking information.�  Certain material factors or assumptions are applied in drawing a conclusion or making a forecast or projection as reflected in the forward-looking information.

SOURCE: Laramide Resources Ltd.

For further information:

Marc Henderson, President and Chief Executive Officer
Toronto, Canada� � �  +1 (416) 599 7363

Evan Hughes, General Manager, Australia
Brisbane, Australia +61 (7) 3831 3407

Greg Ferron, Vice-President, Corporate Development and IR
Toronto, Canada� �  +1 (416) 599 7363


To unsubscribe or change your settings click here:

Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Laramide Resources Ltd

ISIN : CA51669T1012
Suivi et investissement
Add to watch list Add to your portfolio Add or edit a note
Ajouter une alerte Ajouter aux Watchlists Ajouter au portefeuille Ajouter une note
de Marché
Projets & res.
de Presse
Profile actifs
Contactez la cie

Laramide Res. est une société d’exploration minière d'argent et d'or basée au Canada.

Laramide Res. détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont WESTMORELAND, LA SAL et LAGOON CREEK en Australie et GOLIATH, LA JARA MESA et LARA au Canada.

Laramide Res. est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 22,5 millions CA$ (17,0 millions US$, 15,7 millions €).

La valeur de son action a atteint son plus bas niveau récent le 11 janvier 2002 à 0,01 CA$, et son plus haut niveau récent le 05 janvier 2007 à 9,07 CA$.

Laramide Res. possède 112 590 000 actions en circulation.

Votre avis nous interesse, merci de laisser un commentaire ou de noter cet article.
Evaluer : Note moyenne :0 (0 vote) Voir les mieux notés
Financements de Laramide Resources Ltd
06/01/2012Completes Second Tranche of Private Placement
30/12/2011Completes Previously Announced Financing
19/12/2011Announces Proposed Private Placement
Projets de Laramide Resources Ltd
21/04/2016(Westmoreland)Announces Positive Results from the Updated PEA on the Westm...
18/06/2012(La Sal)Receives Positive Record of Decision and Permit for its La S...
11/10/2011(La Sal)s permitting status on its La Sal Project
27/07/2011(Westmoreland)Reports Exceptional Westmoreland Metallurgy Results and Comm...
16/05/2011Concludes Binding Joint Venture Term Sheet with Rio Tinto on...
29/06/2010Clears Title to Advance Permitting its La Sal Uranium Projec...
02/10/2008(Westmoreland)Drilling Results at Westmoreland Continue to Meet or Exceed ...
17/09/2008(Westmoreland)Resumes Westmoreland Drilling on Schedule ; Highlights Posit...
02/09/2008(Westmoreland)Releases Further Drilling Results and Prepares for a Second ...
05/08/2008(Westmoreland)Completes First Phase of Drilling at Westmoreland...
26/06/2008(Westmoreland)First Phase of Diamond Drilling at Westmoreland
19/06/2008(Westmoreland)Intersects Gold Mineralization at its Westmoreland Uranium
26/05/2008(Westmoreland)Adds Third Rig at Westmoreland
24/04/2008(Westmoreland)Intersects 58 Metres @ 0.12 % U3O8 at Westmoreland
15/02/2008(Westmoreland)Announces Northern Territory Joint Venture Drill Results
17/12/2007Files Independent Technical Reports
30/04/2007(La Jara Mesa)Intercepts 13 Feet of 0.719 % U3O8 in La Jara Mesa Drilling
17/04/2007(Westmoreland)Receives GRD Minproc Scoping Study on its 100% Owned Westmor...
21/03/2007(La Jara Mesa)News Release - Laramide Resources Ltd.
Communiqués de Presse de Laramide Resources Ltd
08/06/2016Laramide Resources announces results of annual meeting of sh...
24/05/2016Laramide Resources Provides Update on Rio Tinto Exploration ...
21/04/2016Laramide Resources Announces Positive Results from the Updat...
08/04/2016Laramide Resources Executes Definitive Share Purchase Agreem...
23/01/2016Laramide Resources Files Supplement To Information Circular
31/12/2015Laramide Resources Closes C$5M Loan from Extract Advisors
24/12/2015Laramide Resources Closes $1.6 Million Private Placement
01/12/2015Laramide Resources Agrees to C$5M Loan from Extract Advisors
25/08/2015Laramide Retains Lycopodium for updated Westmoreland Scoping...
13/03/2015Laramide Resources Closes Equity Financing
08/10/2014Laramide Resources Announces Consolidation of Interest in th...
06/10/2014Laramide Resources Announces Airborne Geophysical Survey on ...
02/09/2014Laramide Resources Ltd. Announces Ownership Interest of Glob...
22/05/2014Announces Results of Voting at Annual and Special Shareholde...
22/05/2014Laramide Resources Announces Results of Voting at Annual and...
31/03/2014Laramide Resources Appoints Bryn Jones as Chief Operating Of...
13/09/2013Welcomes Queensland“Action Plan”
15/08/2013announces institutional funding transaction with The Lind
31/05/2013Announces Results of Voting at Annual and Special Shareholde...
28/05/2013Reminder–Laramide Resources–Annual and Special Meeting of
26/04/2013to commence trading on ASX
15/04/2013adopts advance notice policy
31/01/2013launches secondary offering and ASX co-listing
23/01/2013CEO Progress Report
22/05/2012(La Jara Mesa)Receives Draft EIS and Updates Permitting Status for La Jara...
26/03/2012Comments on the Queensland State Election
17/01/2012CEO Update
07/06/2011(Lara)Invite to Laramide's Annual General Meeting
26/06/2008Treasury Metals Files Preliminary Prospectus for Initial Pub...
13/02/2008announces 10% ownership of Sierra Minerals Inc.
20/09/2007Purchases 5.6 Million Shares to Own 12% of Khan Resources In...
30/04/2007Adopts Shareholder Rights Plan
Publication de commentaires terminée
Dernier commentaire publié pour cet article
Soyez le premier à donner votre avis
Ajouter votre commentaire
CA$ 0,200
21/02 14:46 -
Cours préc. Ouverture
0,205 0,205
Bas haut
0,200 0,205
Année b/h Var. YTD
0,175 -  0,230 2,56%
52 sem. b/h var. 52 sem.
0,175 -  0,455 -48,72%
Volume var. 1 mois
6 500 2,56%
24hGold TrendPower© : 7
Recherche Copper - Gold - Lead - Silver - Uranium - Zinc
Interactive chart Add to compare
Imprimer Comparer Exporter
Dernière mise à jour le : 08/12/2010
Vous devez être connecté pour accéder au portefeuille (gratuit)
Top Newsreleases
Variation annuelle
Graphique 5 ans
Graphique 3 mois
Graphique volume 3 mois
Nouvelles des Sociétés Minières
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
0,12 AU$-8,00%Trend Power :
announces expected non-cash impairment
7,92 AU$-1,86%Trend Power :
Oceana Gold(Au)OGC.AX
2,85 AU$-2,73%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
2,69 AU$+1,13%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
0,12 CA$+4,55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
0,02 CA$+100,00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
1,30 US$+2,36%Trend Power :
Rentech Announces Results for Second Quarter 2017
0,20 US$-12,28%Trend Power :
Reduced Funding Requirement
1,63 GBX-1,81%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
0,01 CA$+0,00%Trend Power :
Closes Bridge Loan Financing
1,89 CA$+2,72%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
0,75 CA$+1,35%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
7,52 CA$+5,03%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
0,06 CA$+0,00%Trend Power :
Q A April 2017 Quarterly Report
0,09 AU$-2,13%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
6,80 US$-2,86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
3,60 CA$+10,77%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
20,97 US$-5,33%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
8,66 CA$-0,35%Trend Power :
2nd Quarter Report
0,03 AU$+3,03%Trend Power :