o/t these guys aren't worried about PeruI don't know anything about this company, but they raised $45 million for their project in Peru:
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Compass Resources NL And Indo Mines Ltd Completes Acquisition Of Nangali Gold Project- Peru
21 Jun 2006, 12:51 AM ET
Compass Resources NL (Compass) announced that the Company with partner Indo Mines Ltd (Indo) has agreed to expedite the purchase of the highly prospective Nangali epithermal gold project in Peru, which they originally negotiated in June 2004 with a Newmont subsidiary. Indo and Compass will now pay Minera LJB Normandy Peru USD $150,000 on execution of the revised agreement terms (previously USD $200,000) and will pay a 1.5% NSR production royalty (previously 2%). The revised agreement is expected to be signed by 30 June 2006. Indo (30%) and Compass (70%) are responsible for their proportionate share of the payment and royalty.
Compass Resources NL Announces Ownership Interest Of Merrill Lynch & Co., Inc.
16 Jun 2006, 12:59 AM ET
Compass Resources NL announced that Merrill Lynch & Co., Inc. holds 10,103,178 ordinary shares of the Company, representing 13.92% of the Company's shares capital.
Compass Resources NL To Acquire Guardian Resources Pty Ltd
15 Jun 2006, 05:36 AM ET
Compass Resources NL announced that it has entered into an agreement to purchase all the issued capital of Guardian Resources Pty Ltd, through the issue of 8.25 million ordinary fully paid Compass Resources NL shares, effectively buying the remaining proportion of the Rum Jungle Area projects it did not already own. Guardian is a privately owned company that has been exploring the Rum Jungle region in joint venture with Compass since 1990. At the time of closing of the transaction the sole assets of Guardian will be its 10% interest in both the Rum Jungle Joint Venture and an ancillary regional exploration joint venture. Under the agreements, Guardian was entitled to limited free carried expenditures for its 10% interest, and project loan rights. These rights are now removed and the purchase will consolidate for the first time all the Rum Jungle Projects into Compass' full ownership.
Compass Resources NL Completes NYC Capital Raising Clears Way For HNC Share Issue
24 May 2006, 11:09 PM ET
Compass Resources NL announced that it has completed the raising of $44.95 million with the related issue of 24.3 million shares at $1.85 per share, to 2 New York and 2 Hong Kong based investment groups, as announced to the market on March 31, 2006. This in turn enables the Company to complete a further capital raising of $30 million with the issue of 12 million shares to Hunan Nonferrous Metals Corporation (HNC) at $2.50 per share as announced to the market on May 8, 2006. This issue is to be made under the binding subscription agreement between the Company and HNC with its completion now only awaiting Foreign Investment Review Board approval required due to the level of government ownership in HNC. The company hopes to complete this issue within the next six weeks after which HNC and nominees will hold 10.48% of the Company's issued capital.
Compass Resources NL Announces Interest Holding Of HMC Investors LLC
22 May 2006, 07:27 AM ET
Compass Resources NL announced that the stake of HMC Investors LLC in the Company has increased from 5,500,000 shares representing 6.17% to 11,000,000 shares representing 11.62%.