Archive for 'News Releases'

Successful Completion of Saxony Mines – Treliver Transaction

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We are pleased to announce that, Further to News Releases dated 6 September and 5 November 2013, the contemplated transactions between Saxony Mines Ltd. and Treliver closed on 26 November 2013.
Pursuant to a Sale and Purchase Agreement (SPA) signed 14 November 2013, Indo Gold Limited (IGL) sold Saxony Mines Ltd (SML) to Treliver Minerals Ltd (TML). SML’s sole assets are contained within its 100%-owned subsidiary Saxore Bergbau GmbH (SBG). Key elements include:

TML has and will pay the …

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Acquisition of Saxony Mines Ltd by Treliver Minerals Ltd

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Further to the Heads of Terms for the acquisition of the German tin assets by a UK tin-focused private company announced on 6 September 2013, we are pleased to report the following:

Treliver Minerals Ltd (TML) has requested and obtained agreement from Indo Gold Limited (IGL) to extend the exclusivity period by two (2) weeks until 14 November 2013 by the further subscription for 138,750 IGL ordinary shares at A$0.40 per share. These shares are expected to be issued …

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Acquisition of Saxony Mines Ltd by Treliver Minerals Ltd

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We are pleased to announce that your Company has agreed, and signed, Heads of Terms for the acquisition of the German tin assets by a UK tin-focused private company. On 31 August 2013, Indo Gold Limited (IGL), through its wholly-owned subsidiary St Piran Mines Pty Ltd (SPM), agreed the commercial terms for the sale of Saxony Mines Ltd (SML) to Treliver Minerals Ltd (TML). Completion of the deal is subject to contract and due diligence.
The final commercial terms remain …

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Atlas Financial International Ltd Financing

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The Board of IGL are pleased to announce the signing of a financing agreement with Atlas Financial International Limited (Atlas).
Further to the news release of 11 February 2013, IGL agreed a variation to the terms of, and an extension to, the Investment Agreement signed 20 November 2013 with Forbes & Manhattan Inc (Forbes). This allowed Forbes non-exclusive rights, until 28 March 2013, to complete the Stage 2 financing to raise gross proceeds of $2.5 million through the issue of …

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ASX Announcement of Acquisition of Korean Resources Ltd by Desert Mines & Metals Ltd

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The Directors of Indo Gold Ltd (“IGL”) are pleased to announce the signing of a non-binding Terms Sheet for the proposed acquisition of Korean Resources Limited (“KRL”), its wholly owned subsidiary, by Desert Mines and Metals Limited (“Desert”), a company listed on the ASX.  KRL through its wholly owned subsidiary Suyeon Mining Company Limited (“SMCL”) has contractual rights to acquire several molybdenum exploration properties in South Korea
.ASX Announcement 18 March 2013

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Acquisition of Korean Resources Ltd by Desert Mines & Metals Ltd

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The Directors of Indo Gold Ltd (“IGL”) are pleased to announce the signing of a non-binding Terms Sheet for the proposed acquisition of Korean Resources Limited (“KRL”), its wholly owned subsidiary, by Desert Mines and Metals Limited (“Desert”), a company listed on the ASX.  KRL through its wholly owned subsidiary Suyeon Mining Company Limited (“SMCL”) has contractual rights to acquire several molybdenum exploration properties in South Korea.
IGL News Release – KRL_DSN Acquisition

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Indo Gold Stage One Financing Raises $1,500,000 Joins Forces with Forbes & Manhattan

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Indo Gold Limited (“IGL”) is pleased to announce that on 30 November 2012 it closed a Private Placement financing to raise net proceeds of $1.5 million through the issue of 7,500,000 Ordinary Shares priced at $0.20/share. This financing represents the first stage of a two stage financing to raise $4.0 million under the terms of an Investment Agreement signed on 23 November 2012 between Forbes & Manhattan Inc. (“Forbes”), of Toronto and IGL. The Board and Management of IGL sees …

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Mines Tribunal Orders are a Positive Development for Bhukia

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Indo Gold Limited (“IGL”) is pleased to announce a very positive development in the legal challenge it manages on behalf of its Joint Venture (JV) with Metal Mining India Pvt Ltd (MMI) over the Bhukia property in Rajasthan, located within the Jagpura project area.
The Revisional Authority has passed orders pursuant to the hearing at the Central Government’s Mines Tribunal held in Delhi on 20 September 2012, which considered the JV’s arguments against the Government of Rajasthan’s (GoR’s) rejection of …

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Indo Gold Announces Closing of the Entitlement Offer – $465,000 Raised

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Indo Gold Limited (“IGL”) is pleased to announce the completion of the Entitlement Offer announced to all shareholders and staff on 1 August 2012, this financing having closed today with a total of $465,000 raised.
Commenting on this, IGL’s Executive Chairman, Mr Michael Higgins, said “We are disappointed to have not reached the minimum level planned however by agreement with the participants, have closed this offer at this level in order to allow us to get on with translating the …

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Indo Gold Announces Entitlement Offer to Shareholders & Staff

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Indo Gold Limited (“IGL”) opened its Entitlement Offer today to shareholders and staff, to replenish working capital. This offer aims to raise a minimum of $500,000 and maximum $1 million in equity capital at a price of $0.25/share. The offer is for Convertible Preference Shares that will convert into IGL Ordinary Shares either at $0.25/share or on the terms of the next financing or corporate transaction completed, whichever is more favorable to the parties that participate in this Entitlement Offer. …

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