Inter-Citic Minerals is pleased to announce the successful completion of the previously announced plan of arrangement under the Canada Business Corporations Act pursuant to which Qing Hai Mining Acquisition, an indirect wholly-owned Canadian subsidiary of Western Mining Group, acquired all of the issued and outstanding common shares of Inter-Citic [...]
Inter-Citic Minerals today announced that it has been informed by Western Mining Group that all requisite regulatory approvals required in The People's Republic of China to complete the previously announced arrangement under the Canada Business Corporations Act pursuant to which Qing Hai Mining Acquisition Corp., an indirect wholly-owned Canadian [...]
Inter-Citic Minerals today announced that a final order was granted yesterday by the Ontario Superior Court of Justice approving the previously announced arrangement under the Canada Business Corporations Act pursuant to which Qing Hai Mining Acquisition, an indirect wholly-owned Canadian subsidiary of Western Mining Group, will acquire all of the [...]
Inter-Citic Minerals today announced that at a special meeting held earlier today, the shareholders of Inter-Citic voted to approve the previously announced arrangement under the Canada Business Corporations Act pursuant to which Qing Hai Mining Acquisition, an indirect wholly-owned Canadian subsidiary of Western Mining Group, will acquire all of [...]
Inter-Citic Minerals today announced that it has entered into a definitive agreement pursuant to which Western Mining Group will acquire all the outstanding common shares of Inter-Citic by way of a plan of arrangement for C$2.05 per share in cash, valuing the Corporation at approximately C$250 million. The cash consideration of C$2.05 per share to [...]
At the request of Market Surveillance, on behalf of the Toronto Stock Exchange, Inter-Citic Minerals is commenting on recent trading activity in Inter-Citic's shares. Inter-Citic is engaged in negotiations with a third party interested in acquiring all of Inter-Citic's shares. The terms of a potential transaction continue to be negotiated and [...]
Inter-Citic Minerals President and CEO James Moore, is pleased to announce an update to the Company's NI 43-101 compliant mineral resource estimate for its Dachang Gold Project in China. With this newest mineral resource estimate the Company's measured and indicated mineral resources at Dachang increased by an additional 320,000 ounces of gold, and [...]
Inter-Citic President and CEO James Moore, is pleased to report trench results received from the 2011 exploration season at the Company's Dachang Gold Project. Trenching continues to be the primary method for new discoveries at Dachang. Due to the thin soil cover and near-surface mineralization observed throughout the property as trenching is also [...]
Inter-Citic President and CEO James Moore, is pleased to report that three key exploration licenses have been renewed at the Company's Dachang Gold Project, in addition to the combination of two other licenses covering the Dachang Main Zone in order to facilitate permitting. The Ministry of Land and Resources (MOLAR) of the People's Republic of [...]
Inter-Citic President and CEO James Moore, is pleased to report the fifth and final set of drill results from 26 diamond drill holes received from the 2011 exploration season at the Company's Dachang Gold Project. These results are all from the 861 Zone at Dachang, which now appears to be related to the same structure hosting the previously [...]
Inter-Citic President and CEO James Moore, is pleased to report the fourth set of drill results from 27 diamond drill holes received from the 2011 exploration season at the Company's Dachang Gold Project. These results are from the Acadia Zone, Placer Valley Zone and South East Area, and are new exploration aimed at further resource definition and [...]
Inter-Citic Minerals President and CEO James Moore, is pleased to report the third set of drill results received from the 2011 exploration season at the Company's Dachang Gold Project. Drill hole CJV-1206 on the Placer Valley Zone which reported multiple intercepts including an interval of 9.70 m with an average grade of 10.92 GPT gold.
