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Radisson Mining closes $1.6 million oversubscribed financing

Radisson Mining Resources. {TSX.V: RDS} has closed a final tranche of $1.59-million for an oversubscribed private placement totalling $2.59-million.

On the final tranche, the company raised gross proceeds of $1.59-million through the issuance of 7.5 million flow-through shares at a price of 20 cents and 600,000 hard units at a price of 15 cents Continue reading

Colonial Coal bouyed by rising coking coal price

Colonial Coal’s {TSX.V: CAD} share price has doubled in just two months from a low of 8.5c, registered mid July.

The price is responding to the rapidly rising price of metallurgical (coking) coal, which has been climbing strongly in the international markets. The current price still looks low when CAD’s assets are taken into consideration. Continue reading

Strongbow Exploration Strengthens their Board and Management With New Appointments

Strongbow Exploration }TSX. SBW} announced Mr. Patrick Anderson will stand for election to the Board of Directors at our Annual General and Special Meeting, scheduled for Thursday September 22, 2016.

Mr. Anderson is currently President, CEO and a Director of Dalradian Resources, which owns the Curraghinalt Gold Project in Northern Ireland, and he also sits on the board of Osisko Mining Inc. Continue reading

Colonial Coal surges 40% on the back of the rising coking coal price

Colonial Coal {TSX.V: CAD} rose strongly today on the back of a rapidly rising coking coal price.

Volume was much heavier than usual, as investors saw the undervaluation given the lower Canadian $ value versus the US dollar, making Canadian sourced coal cheaper and more attractive.

Colonial, has a resource of 400 million tons in Huegenot B.C., and also their highly prospective Flatbed property, waiting to be drilled. Continue reading