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| April 03, 2014 --- Vol. 08, No. 14 | April 2014
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Yukon Territory
REORGANIZATION – Americas Bullion Royalty Corp. April 2 reported that its shareholders approved a reorganization plan of arrangement at a March 28 special meeting in Vancouver. Some 99.77 percent of eligible votes received were in support of the arrangement and represented 37.23 percent of the issued and outstanding common shares. Following necessary approvals, it is anticipated that the arrangement will close in early April 2014. A post-reorganization profile of the company’s assets once the arrangement complete includes more than US$35 million in cash and securities following closing of the second tranche of the Red Kite settlement; about 55 separate royalty interests, including deeded and option royalties; ownership of all of the issued and outstanding shares of Resource Re Ltd., which holds a Class 3A insurance license in Bermuda; ownership of up to 75 million shares of Silver Predator Corp., representing about 64 percent of the issued and outstanding shares of SPD, assuming no additional shares are issued by SPD; ownership of up to 15 million shares of Northern Tiger Resources, representing approximately 54 percent of the issued and outstanding shares of Northern Tiger, assuming no additional shares are issued; ownership of 6 million shares of Wolfpack Gold Corp. representing roughly 12 percent of the issued and outstanding shares of Wolfpack assuming no additional shares are issued; ownership of Cuesta del Cobre, S.A.; interest in the Adelaide, Tuscarora and Carlin Vanadium Projects in Nevada, and 50 percent interest in the Angels Camp Property in Oregon’ and about 160 ounces of gold.
ADVISOR – Northern Freegold Resources Ltd. Apr. 1 said it has appointed Dennis Moore to its advisory board. “I have been a longtime shareholder in NFR, and I believe the Freegold Mountain project has the potential to host several economically viable ore bodies,” Moore commented. “Having worked on similar mineralized systems around the world, I look forward to using my experience and expertise to add value to the company on behalf of its shareholders.” Moore, an exploration geologist with 30 years international experience, has worked with both junior and major companies, including Barrick, Newmont, Minera Antamina, and Kennecott. He currently serves as vice president business development and as a director of Magellan Minerals Ltd. Moore has a bachelor’s degree in geology from the University of Oregon, and a master’s degree in engineering from the University of Sydney, Australia. “Mr. Moore has worked with some of the key players in this industry. He has financed, developed, and has been instrumental in turning resources into profitable mines,” said Northern Freegold President and CEO John Burges. “Mr. Moore’s involvement is a strong testament to our projects, and we look forward to working with him."”
FINANCE – Aben Resources Ltd. Mar. 28 reported it has closed a non-brokered private placement in two tranches raising total gross proceeds of C$720,000. In the first tranche Aben issued 9.9 million units at C6 cents each. In the second tranche, Aben issued 2.1 million units at C6 cents each. Each unit of both tranches consists of one common share in Aben and one purchase warrant. Each warrant is exercisable in one common share of Aben at C7.5 cents per share. The warrants from the first tranche must be exercised by Mar. 24, 2016, and the warrants from the second tranche must be exercised by March 28, 2016. Aben Resources intends to utilize the proceeds of the offering for general working capital purposes. Wolverton Securities Ltd. has been issued 42,000 finder’s units on the same terms as the subscribers’ units. Aben also paid Leede Financial Markets Inc. C$2,520 in connection with this financing.
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