FUNDING - Besra aims to raise US$12 million

Besra Gold intends to raise US$12 million through the issuance of 8% unsecured convertible redeemable notes on a private placement basis. The company has experienced lower revenues because of recent issues in Vietnam that have affected its short-term cash flow.

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M & A - Mystery takeover bid for Allied Nevada

A $750 million takeover offer for Allied Nevada Gold Corp by a mysterious Chinese company, which was made last week and then withdrawn around 12 hours later, has left the mining world scratching its head. Efforts to identify and contact the bidder, China Gold Stone Mining development, have proved fruitless.

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SUPPLIERS - Clean TeQ buys back the farm

Following a recent trip to Japan, Clean TeQ’s chief executive officer Cory Williams has announced that the company has signed two significant deals in Japan that will return sole ownership and control of its CSG (coal seam gas) water treatment and scandium recovery technologies to Clean TeQ.

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