Archive for September, 2010

North American Gem Inc. Closes First Tranche of Private Placement

North American Gem Inc. (CVE:NAG) reports its closure to the first Tranche of private placement. A total of 9,901,078 units were issued as non-flow-through units consisting of one common share and one non-transferable share purchase warrant. For complete news release, click here. For North American Gem’s corporate profile, click here.

Demand for Coal Continues to Rise

Coal is second only to oil when it comes to producing the world’s energy. A changing economy has created a black gold rush, as the world’s most populated nations of China and India continue to power their countries with coal.

SouthGobi – Powering China’s Growth

SouthGobi Resources Ltd. (TSE:SGQ, HONG KONG:1878) is a coal production and exploration company based in Vancouver, Canada. The company is focused on exploration and development of its Permian-age metallurgical and thermal coal deposits in Mongolia’s SouthGobi Region in order to supply a wide range of coal products to markets in Asia.

North American Gem Applies for Multiple Coal Exploration Permits

North American Gem(CVE:NAG) reports its application for multiple coal exploration permits to the Kentucky Department of Natural Resources. These permits applications are for the North American Gem #2 Mine, North American Gem #3 Mine (Swan Pond Lease), Gilliam Hill South Lease, and the Arkle Hollow Lease. For complete news release, click here. For North Amercian Gem’s company profile, [...]

Royal Coal Corp. Announces Sale of Notes

Royal Coal Corp. (CVE:RDA) announced that it has exercised its right to issue additional notes pursuant to the terms of a note purchase agreement dated September 30, 2009 among the Company, Juno Special Situations Corporation, as agent and the noteholders from time to time party thereto.