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Norilsk Nickel Receives Sberbank Loan

May 18, 2016 | Norilsk Nickel (MCX:GMKN) has announced that upon completing all preceding loan granting conditions, GRK Bystrinskoye LLC received the first tranche as part of the credit line for the implementation project of Bystrinsky GOK construction project.

Sergey Malyshev, senior vice president, said:
The Company, as we stated before, has now fully secured the Bystrinsky GOK Project  … Read More

Africo Resources Enters Into Definitive Agreement with Camrose Resources

May 13, 2016 | Africo Resources (TSX:ARL) has announced that it has entered into a definitive agreement with Camrose Resources under which Africo would be taken private pursuant to a plan of the arrangement.

As quoted in the press release:
Camrose currently owns 63.66% of the Africo common shares (“Common Shares”).

Under the Plan of Arrangement, Camrose  … Read More