New Gold and Geo Minerals today announce that New Gold has completed the acquisition of all the shares of Geo. Under the terms of the court approved arrangement all the shares of Geo (including shares issued in the Arrangement in exchange for options and warrants) were acquired for an aggregate cash consideration of $22 million. Adjusting for New [...]
Geo Minerals is pleased to announce that on December 16, 2011, it received the final approvals from the British Columbia Supreme Court with respect to the previously announced acquisition of Geo by New Gold pursuant to a plan of arrangement under the British Columbia Business Corporations Act.
Geo Minerals provides the following update to its information circular dated November 17, 2011 with respect to the special meeting of its shareholders, to be held at 10:00 AM on December 15, 2011. As described in its previous news release dated October 17, 2011, Geo and New Gold have entered into a definitive business combination agreement, under [...]
Geo Minerals announced today that it has entered into a definitive business combination agreement with New Gold, under which New Gold will acquire 100% of the outstanding common shares of Geo by way of plan of arrangement. Under the plan of arrangement, Geo shareholders will receive $0.16 per share, and 1/15th of a common share in a new exploration [...]
Geo Minerals Ltd. announces that the first phase of exploration is now complete at the Company's 100%-owned claims adjacent to Newgold's Blackwater Deposit. Initial work on "West Blackwater" included detailed geological mapping, selected prospecting, an IP (induced polarization) geophysical survey and infill soil sampling to delineate the anomalous [...]
Geo Minerals Ltd. is pleased to announce that it has successfully amended the terms of the Letter of Intent with Eurasian Minerals Inc. through is wholly owned subsidiary Bronco Creek Exploration Inc., for the Silver Bell West property, to settle certain amounts owed to BCE pursuant to the Silver Bell Agreement.
Geo Minerals is pleased to announce that UTM Exploration Services Ltd. of Smithers, BC has been contracted to commence work at the Company's 100%-owned claims adjacent to Newgold's Blackwater Deposit. Camp and crew will mobilize on or around June 10, 2011. Initial work on "West Blackwater" will be composed of detailed geological mapping, selected [...]
Geo Minerals is pleased to announce that it has closed its private placement previously announced in a news release dated April 5, 2011. Pursuant to the Private Placement the Company issued 18,333,332 units at a price of $0.06 per Unit, for gross proceeds of $1,100,000. Each Unit is comprised of one common share and one non-transferable common [...]
Geo Minerals reports it has acquired additional land in the vicinity of the 100 per cent owned West Blackwater property located approximately 150 kilometers south of Vanderhoof, B.C. Claim number 835014 comprises 116 hectares and is located approximately 1 kilometer west of Geo's West Blackwater property, separated by
Geo Minerals has initiated a review of last fall's geological mapping and geochemical sampling program on its 100% owned West Blackwater property, directed at the permitting of a Phase 1 diamond drill program this summer. The West Blackwater property is located approximately 150 kilometres south of Vanderhoof, B.C., and immediately west of [...]
Geo Minerals is pleased to announce the completion of an initial drill test of one IP geophysical anomaly on a portion of its Red Hills porphyry copper property in south central Arizona. A single vertical RC hole drilled to test this anomaly encountered variably altered and mineralized rocks before termination of the hole at 610 meters. This [...]
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