New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 1, 2014
09:12 EDTAAUAlmaden Minerals provides exploration update for Ixtaca Zone
Almaden Minerals reported on the on-going exploration activities at the company's 100% owned Tuligtic project and Ixtaca Zone. A Preliminary Economic Assessment, or PEA, is currently being prepared by the independent engineering consultant groups Knight Piesold and Moose Mountain Technical Services. On the project, the company has commenced drilling operations. Currently one drill is working on a geo-mechanical data gathering program required for potential future studies. Geotechnical holes are also planned as part of this engineering focussed drill program. A second drill has been working on a small infill drilling program which is about to finish. For the remainder of 2014, Almaden plans to focus drilling on high-priority gold-silver exploration targets located near the Ixtaca deposit. These targets, defined by epithermal alteration, surface anomalous geochemistry and geophysics, are considered by the company to represent unique opportunities for discovery adjacent to the Ixtaca deposit, a blind drilling discovery made by Almaden in 2010. Other work currently underway includes environmental baseline studies and more advanced metallurgical test work.
News For AAU From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
December 15, 2014
09:30 EDTAAUAlmaden to defer shareholder approval of the spin-out
Almaden Minerals announces that it will be deferring shareholder approval of the spin-out of its early stage exploration projects, royalty interests and certain other non-core assets, which was originally announced in the company's October 21 news release, to the company's 2015 annual general meeting, which is expected to be held on or about June 2015. Shareholder approval is being deferred to avoid the expense of an additional shareholders' meeting and to allow more time for an internal restructuring of the projects, royalty interests and assets to be spun out. The company considers the deferral to be a prudent cost saving opportunity given the market conditions while also providing shareholders more time to better understand the corporate reorganisation and its merits before voting. The company remains committed to the spin-out and does not believe that the deferral of the shareholder vote will place the transaction at risk, although current market conditions are very challenging and have worsened since the original spin-out announcement. The company will continue to monitor the market while it completes the internal restructuring and will provide updates accordingly. Under the proposed spin-out, Almaden's early stage exploration projects, royalty interests and other non-core assets will be transferred to a newly incorporated company. Almaden's current shareholders will receive shares of Spinco by way of a share exchange, pursuant to which each existing share of Almaden is exchanged for one "new" share of Almaden and 0.6 of a share of Spinco.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the disclaimer & terms of use