Colossus Minerals After announcing the termination of a financing previously announced on December 18, 2013 the Company has held discussions with a group of holders of Convertible Gold Linked Notes in relation to the anticipated failure of the Company to pay interest on the Notes on December 31, 2013 and the consequential default under the Notes [...]
Colossus Minerals announced today that Messrs. Douglas Reeson and Greg Hall have resigned from the board of directors. At this time, no replacement candidates have been identified. Messrs. John Frostiak and Alberto Arias remain directors of the Company.
This press release replaces the previous one sent at 7:18 ET. Colossus Minerals provided an initial resource estimate for its 75% owned Serra Pelada gold-platinum-palladium Mine. The Serra Pelada Mine is a joint venture between Colossus and Cooperativa de Mineração dos Garimpeiros de Serra Pelada located in the State of Pará, Brazil. Following the withdrawal of Arias Resource Capital Fund II L.P. and Arias Resource Capital Fund II (Mexico) L.P. from the two tranche financing previously announced on December 18, 2013 there can be no assurance that the Company will be able to raise t... [...]
Colossus Minerals provides a preliminary resource estimate for its 75% owned Serra Pelada gold-platinum-palladium Mine. The Serra Pelada Mine is a joint venture between Colossus and Cooperativa de Mineração dos Garimpeiros de Serra Pelada located in the State of Pará, Brazil. RPA was retained by Colossus Minerals to complete a Mineral Resource estimate for its Serra Pelada project in Brazil. The Mineral Resource estimate is shown in Table 1 at a cut-off grade of 5 g/t Au and an effective date of December 20, 2013. [...]
Colossus Minerals On Friday, December 20, 2013 the Company was advised by Arias Resource Capital Fund II L.P. and Arias Resource Capital Fund II (Mexico) that the ARC Funds would not be proceeding with the two tranche financing previously announced on December 18, 2013.
Colossus Minerals Inc. - TSX is reviewing the common shares (Symbol: CSI), unsecured gold-linked notes (Symbol: CSI.NT) and common share purchase warrants (Symbols: CSI.WT.A and CSI.WT.B) of the Company with respect to meeting the continued listing requirements. The Company has been granted 120 days in which to regain compliance with these [...]
Colossus announced today that, subject to the receipt of regulatory approvals, it intends to enter into agreements with Arias Resource Capital Fund II L.P. and Arias Resource Capital Fund II L.P., in relation to a two tranche financing comprised of: a senior secured convertible loan in the aggregate principal amount of $4 million, and a private [...]
Colossus Minerals will seek the approval of the holders of the unsecured gold-linked notes due December 31, 2016 issued by Colossus to amend the terms of the Notes at a meeting to be held at the offices of Cassels Brock & Blackwell LLP, 2100 Scotia Plaza, 40 King Street West, Toronto, Ontario M5H 3C2 on Friday, January 10, 2014 at 10:00 a.m. The [...]
Colossus Minerals provides an update on the status of the Company's efforts to identify and secure funding for the balance of the expenses identified to commence production at its 75% owned Serra Pelada gold-platinum-palladium Mine. The Serra Pelada Mine is a joint venture between Colossus and Cooperativa de Mineração dos Garimpeiros de Serra Pelada ("COOMIGASP") located in the State of Pará, Brazil. In a press release dated November 14, 2013, the Company indicated that delays related to dewatering had resulted in a delay in production until the second quarter of 2014. The delay in reaching initial production meant that additional financing w... [...]
Colossus Minerals announced that David Massola has been appointed the Company's Interim Chief Executive Officer effective today. Mr. Massola is currently Colossus' Chief Financial Officer. Mr. Massola has over 30 years of experience in the mining industry and has held a broad range of executive and management positions in Canada, Chile and the [...]
TORONTO, ONTARIO--(Marketwired - Nov 14, 2013) - Colossus Minerals Inc. (the "Company" or "Colossus") (TSX:CSI)(OTCQX:COLUF) provides a development update for its 75% owned Serra Pelada gold-platinum-palladium Mine. In addition, the Company is providing a summary of the financial results for the interim periods ended September 30, 2013. The Serra [...]
TORONTO, ONTARIO--(Marketwired - Oct 25, 2013) - Colossus Minerals Inc. (TSX:CSI)(OTCQX:COLUF) (the "Company" or "Colossus") announced today that John S. M. Turner has resigned from the board of directors for personal/family reasons. Mr. John Frostiak, Chairman of the Board, said, "Mr. Turner has made many valuable contributions during 11 months [...]
