TSX-V SNAPSHOT: Argex Mining, Eagle Star Minerals, Temex Resources, and others
Argex Mining (CVE:RGX) (OTCBB:ARGEF) said late Wednesday it has achieved a "milestone breakthrough" for the iron recovery circuit at its pilot plant in Mississauga, Ontario, where its patented CTL process is running continuously.
The issue size will be increased to 4.5 million subscription receipts at a price of $1.00 each, on a non-brokered private placement basis.
The southeastern Europe-focused miner issued around 42 million common shares at a price of 15 cents each.
Orosur Mining (LON:OMI, CVE:OMI) said it expects to produce up to 68,000 ounces of gold in the year to May 2013 at a cash cost of US$975 per ounce.
It comes after the firm produced 55,458 ounces in the year to May 31 this year - in line with management's guidance of 55,000 to 57,500 ounces.