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Fire River Gold Corp. closes credit facility with Sprott Resource Lending Partnership

Fire River Gold Corp. closes credit facility with Sprott Resource Lending Partnership

December 12, 2011 Vancouver, Canada ‑ Fire River Gold Corp. [TSXV: FAU| OTCQX: FVGCF| FSE: FWR] (the Company) is pleased to announce that it has closed the previously announced secured credit facility (the Credit Facility) with Sprott Resource Lending Partnership (Sprott).

The Company received the first drawdown of $1 million on November 15, 2011 and the second and final drawdown of $6.5 million on December 9, 2011. The funds drawn under the Credit Facility are secured against all of the assets of the Company and its subsidiaries. Funds drawn under the Credit Facility are repayable on or before November 15, 2012 and accrue interest at a fixed rate of 12% per annum. Funds borrowed under the Credit Facility will be used exclusively for the development of the Nixon Fork Mine and working capital purposes of the Company and its subsidiary, Mystery Creek Resources, Inc.

In connection with the Credit Facility, a structuring fee of $75,000 has been paid to Sprott in cash. Pursuant to the terms of the Credit Facility, a non-refundable share bonus payment in the amount of $750,000 (the Bonus Fee) being 10% of the Credit Facility, has been paid to Sprott in common shares of the Company. 3,260,870 common shares were issued from treasury to Sprott on December 9, 2011, and carry a legend restricting them from trading until April 10, 2012.

On behalf of the Board of Directors,

Richard Goodwin
President & C.O.O.

Further Information: Tel: +1 604 267 3040 Fax: +1 604 267 3042
Email: info@firerivergold.com or visit www.firerivergold.com
Suite 1100‑1200 West 73rd Ave, Vancouver, B.C., V6P 6G5

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this news release constitute "ʺforward‑looking information"ʺ as such term is used in applicable Canadian securities laws, including with respect to the use of proceeds of the Credit Facility with Sprott. Forward‑looking information is based on plans and estimates of management at the date the information is provided and certain factors and assumptions of management. Forward looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward‑looking information. Factors that could cause the forward‑looking information in this news release to change or to be inaccurate include, but are not limited to, the risks related to unsatisfactory results of due diligence, international operations and doing business in foreign jurisdictions, risks associated with mineral exploration and development activities generally, the risk of commodity price and foreign exchange rate fluctuations, and risks and uncertainties associated with securing and maintaining necessary regulatory approvals. The Company does not undertake to update any forward‑looking information except in accordance with applicable securities laws.


irw-press
13. Dezember 2011
#321254
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Rock Tech drills 1.25% Lithium Oxide over 8.66 metres at Georgia Lake

Rock Tech drills 1.25% Lithium Oxide over 8.66 metres at Georgia Lake

Vancouver, British Columbia, Canada, December 12, 2011 Rock Tech Lithium Inc. (TSX-Venture: RCK; Frankfurt: RJIA; Pink Sheets: RCKTF) (the Company or Rock Tech) is pleased to announce the first set of assay results from the second phase (Phase 2) of its exploration program at its Georgia Lake lithium project. The objective of Phase 2 is to expand the recently announced initial NI43-101 indicated and inferred resource of 2.36 million tonnes grading 1.17% lithium oxide (Li2O) and 4.36 million tonnes grading 1.08% Li2O, respectively.

Highlights of the drill results are as follows:

1.40% Li2O over 5.02 metres, 0.95% Li2O over 3.91 metres and 0.94% Li2O over 7 metres in drill hole NC-11-15;

1.47% Li2O over 2.32 metres, 1.05% Li2O over 4.83 metres and three other mineralized intersections in drill hole NC-11-16;

1.25% Li2O over 8.66 metres in drill hole NC-11-18;

1.15% Li2O over 6.69 metres in drill hole NC-11-19;

Two intersections of 5.00 metres each with 1.61% Li2O and 1.27% Li2O, respectively, along with two other mineralized intersections in drill hole NC-11-22

Additional anomalous values of Li2O and rare metals, including rubidium, beryllium, cesium, niobium and tantalum were also encountered; further details can be found in the table below.

In addition to diamond drilling, Phase 2 of the Companys exploration program at its Georgia Lake lithium project includes channel sampling along three other pegmatite dykes that contain historic Li2O resources. These pegmatite dykes are known as the Newkirk, Line 60 and Conway pegmatite dykes. These lithium-bearing pegmatites are exposed at surface and, as a result, the channel sampling should contribute to an increase in the resource by tying up surface zones with the zones intersected in the shallowest drill hole on each dyke.

The next phase (Phase 3) of the Companys exploration program is intended to confirm the balance of the historic resource.

Company President and CEO, Eunho Lee, commented, We are very pleased with the first set of assay results as they confirm the validity of the historical drill holes and show the continuity of lithium mineralization at depth. The development of our Georgia Lake lithium project is progressing as planned as we recently completed over 4,000 metres of drilling. We will be releasing additional assay results as they are received.

Details of assay results are provided in the following table (the true thickness of the drill intersection may be less than the reported intervals):

Please follow the link to view table:
http://www.irw-press.com/dokumente/RockTech_Table121211_ENGLISH.pdf


Samples were prepared by Actlabs preparation lab in Geraldton, Ontario, and then shipped to Actlabs analytical lab in Ancaster, Ontario, for analysis. Actlabs is accredited by ISO 17025. The samples were digested using lithium metaborate/tetraborate fusion and analyzed for the major elements by ICP and trace elements by ICP/MS. The samples were digested by sodium peroxide fusion and analyzed for lithium using ICP/OES.

Caracle Creek International Consulting (CCIC) inserted standards and blanks into the sample stream in regular intervals with every tenth sample being a low-grade lithium standard, a high-grade lithium standard or a blank. Additionally, one in every twenty samples was a core duplicate. The external standards and blanks passed QC review for all drill holes in this press release. Actlabs also analyzed pulp and preparation duplicates and method blanks as part of their QA/QC program.

The technical information contained in this news release has been reviewed by Afzaal Pirzada, P.Geo., Vice President, Exploration of the Company and a Qualified Person as defined in NI43-101.

On behalf of the Board of Directors,
Eunho Lee
Eunho Lee
Director, President and CEO

For more information, please contact:
Brad Barnett
Controller and Senior Manager, Business Affairs
Rock Tech Lithium Inc.
789 West Pender Street, Suite 1205
Vancouver, B.C., V6C 1H2
Telephone: (604) 688-1140
Facsimile: (604) 688-1173
Email: info@rocktechlithium.com


Disclaimer and Cautionary Statement Regarding Forward-Looking Information

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction.

All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as seek, anticipate, believe, plan, estimate, expect and intend and statements that an event or result may, will, should, could or might occur or be achieved and other similar expressions. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. The Company does not undertake any obligation to update forward-looking statements even if circumstances or managements estimates or opinions should change. Investors should not place undue reliance on forward-looking statements.


irw-press
12. Dezember 2011
#321218
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Riverstone Continues to Intersect Numerous Higher Grade Gold Zones at the Kao Zone on the Karma Project

Riverstone Continues to Intersect Numerous Higher Grade Gold Zones at the Kao Zone on the Karma Project

Riverstone Resources Inc. (TSX-V: RVS) is pleased to report results from nineteen reverse circulation (RC) drill holes on the 100% owned Kao Zone, which forms part of the companys flagship Karma Gold project in Burkina Faso, West Africa. (See Map on Website http://www.riverstoneresources.com/i/maps/111208-091112_Kao_Plan.jpg). This drilling is part of a major on-going 90,000 metre Karma Project drill program designed to confirm the continuity of mineralization and also extend the mineralization to depth and along strike. These results have extended the known mineralization along strike in both directions and also down dip.

Mineralization at Kao has now been defined over a distance in excess of 850 metres north-south and 800 metres down-dip to the east. The deposit remains open down-dip and to the north-east and to the south. Several satellite zones remain to be drill tested.

Significant assay intervals are as follows:

1.49 g/t Au over 28 m in RC-222

2.10 g/t Au over 16 m in RC-229

1.42 g/t Au over 12 m and 1.15 g/t Au over 12 m in RC-230

1.45 g/t Au over 18 m in RC-240

1.06 g/t Au over 16 m in RC-242

1.63 g/t Au over 10 m, 1.84 g/t Au over 8 m and 1.42 g/t Au over 24 m in RC-247

We are happy to see that numerous higher grade gold zones are extending the deposit along strike in both directions and down dip, commented Dwayne L. Melrose, President and COO of Riverstone. The company will continue to extend and upgrade the resources for future engineering and economic studies that will be completed within 2012.

A more complete summary of significant results is presented in the following table:

To view the entire news please follow the link:

http://www.irw-press.com/dokumente/Riverstone_121211_English.pdf

The 100 % owned Kao deposit is part of the companys Karma Project which comprises a NI 43-101 compliant gold resource of 810,600 ounces of gold in 22,845,000 tonnes grading 1.10 g/t gold in the indicated category and 1,119,100 ounces of gold in 44,100,000 tonnes grading 0.79 g/t gold in the inferred category. (See news release dated February 28, 2011). Since the resource was calculated in February 2011, the company has drilled an additional +40,000 metres on the Karma project, and it is expected that the results of this drilling will add to the overall resource.

Riverstone maintains a quality control program involving the use of repeat assays, inserted blanks and the use of certified standards from an accredited Canadian laboratory. All core samples were assayed using standard fire assay with atomic absorption techniques, with samples grading over one gram gold per tonne re-assayed with a gravimetric finish, at the independent Abilab Burkina SARL laboratories in Ouagadougou, Burkina Faso, which is part of the ALS Chemex group.

Riverstone Resources Inc. is active in gold exploration in Burkina Faso, West Africa, where the company holds an extensive portfolio of three high quality exploration projects covering +1,400 square kilometres.

For further information about the company and its activities, please refer to the companys website at www.riverstoneresources.com and under the Companys profile at www.sedar.com.

ON BEHALF OF THE BOARD
Michael D. McInnis
______________________________________
Michael D. McInnis, P. Eng., CEO

For further information contact:
Vancouver Office:
Dwayne L. Melrose, President 604-801-5020 Don Mosher, Corporate Development 604-685-6465 Email: info@riverstoneresources.com Raju Wani, Investor Relations 403-240-0555
Ron Cooper, Investor Relations 604-986-0112

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Giles R. Peatfield Ph. D., P. Eng. is the Qualified Person for RVS and has reviewed and approved the contents of this release.

Certain statements made and information contained in this news release and elsewhere constitutes forward-looking information within the meaning of the Ontario Securities Act. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation, risks and uncertainties relating to the interpretation of drill results and the estimation of mineral resources, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development results will not be consistent with the Companys expectations, accidents, equipment breakdowns, title matters and surface access, labour disputes, the potential for delays in exploration activities, the potential for unexpected costs and expenses, commodity price fluctuations, currency fluctuations, failure to obtain adequate financing on a timely basis and other risks and uncertainties, including those described under Risk Factors in each management discussion and analysis. In addition, forward-looking information is based on various assumptions including, without limitation, the expectations and beliefs of management, the assumed long term price of gold, that the Company will receive required permits and access to surface rights, that the Company can access financing, appropriate equipment and sufficient labour and that the political environment within Burkina Faso will continue to support the development of environmentally safe mining projects. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements.


irw-press
12. Dezember 2011
#321153
zur Detailseite

Goldsource Announces Termination of ZEEP Transaction; Reviews Latest Drill Program Results

Goldsource Announces Termination of ZEEP Transaction; Reviews Latest Drill Program Results

VANCOUVER, B.C. December 12, 2011 Goldsource Mines Inc. (Goldsource or the Company) announces that it has provided Zero Emission Energy Plants Ltd. (ZEEP) with notice of termination of the Arrangement Agreement that was announced September 1, 2011 in connection with the business combination of Goldsource and ZEEP.

Completion of the Arrangement was subject to the satisfaction of a number of conditions under the Arrangement Agreement, including completing a financing for minimum aggregate proceeds of $11,000,000, which do not now appear to be achievable on a timely basis.

J. Scott Drever, President stated: Raising the necessary financing has been a challenge for ZEEP in these volatile markets and we are disappointed that the current difficult market conditions have precluded the raising of the requisite funds on a timely basis. We also believe that recent amendments to the Pratt Whitney Rocketdyne technology licensing agreement make the terms of the ZEEP transaction significantly less attractive from Goldsources perspective. We have agreed with ZEEP to explore possible business arrangements under which Goldsource would have access to the Pratt Whitney Rocketdyne coal gasification technology to advance the development of the Border coal.

As the intrinsic value of the coal deposits at Border remains intact despite the termination, the Company intends to review the recommendations of the Marston Preliminary Assessment Report and to continue to identify potential applicable technologies and possible participants with the special expertise and financial capacity to develop a major project such as Border. The Company will also examine business opportunities that may lead to the acquisition of assets capable of reaching commercial development in a shorter time frame and with less capital than those currently contemplated in the Preliminary Assessment Report for the Border Project.

The Company has requested the TSX-V to reinstate trading of the Companys shares as soon as possible.

Recent Exploration

The Company completed 8 core holes in its most recent exploration program at its wholly-owned Border Project (Border) located near Hudson Bay, Saskatchewan, Canada. These holes, some of which encountered several thick coal zones in excess of 100 metres, were drilled in the Niska 105 (5 holes) and Pasquia 98 (2 holes) deposits as well one hole to test a airborne geophysical anomaly in the Red Deer area in Manitoba. The most significant coal zone intervals occurred in the Niska 105 sub-basin where 5 holes encountered true, aggregate thicknesses ranging from 69 to 119 metres (see table below). Infill drilling has given better definition to the Niska 105 deposits where the objective was to upgrade Speculative Resources to Indicated and Inferred Resources. A majority of the Speculative Resource at Niska 105 are expected to be converted to Indicated Resources with potential increase in overall resources. Niska 105 deposit is conveniently located adjacent to rail and, after completing the upgrade to Indicated Resources, should be a priority above other known Company deposits for near-future studies and potential development.

Drilling has further defined a coal deposit at Pasquia 98. One drill hole intercepted a 3 metres thick coal seam. A previous hole drilled in this area encountered a 34.9 metre coal zone. Further drilling will be contemplated on this large geophysical anomaly. Environmental baseline work under the direction of EBA Engineering Consultants, a Tetra Tech Company, has continued with emphasis on data collection and reporting on results as a base for permitting and a possible Pre-Feasibility Study.

Numbering of the drill holes for this phase of exploration continues sequentially from previous programs beginning at BD11-141. Names of deposits are based on an identifier in the general location and the areas are designated according to the discovery hole numbers.

Hole ID From To Coal Zone Notes
(m) (m) Interval *(m)
BD11-142 73 76 3 Pasquia 98 deposit
BD11-143 80 199 119 Niska 105 deposit


BD11-144 85 185 100 Niska 105 deposit
BD11-145 61 174 113 Niska 105 deposit

BD11-146 71 161 90 Niska 105 deposit
BD11-147 74 143 69 Niska 105 deposit
*The coal zone intervals are based on visuals (coal and carbonaceous material) and by down hole, e-log density of 1.6 g/cc or less.

Holes BD11-141 and BD11-148 drilled deposits Pasquia 98 and Red Deer, Manitoba, respectively and showed no significant coal intercepts.

Initial identification of the intervals of coal in the table above is based on visual observations. The Company cautions against placing undue reliance on the visual observations of the coal until the results of the analytical work have been announced. Laboratory test work is ongoing and coal quality results will be reported once compiled.

Current coal resources at Border, as established in the Companys NI 43-101 Preliminary Assessment Report on the Border Coal Project, Saskatchewan, Canada prepared by Marston Canada Ltd. and EBA Engineering Consultants Ltd., a Tetra Tech Company on December 24, 2009 and available at www.sedar.com, include:

Indicated Resources: 79.1 million tonnes
Inferred Resources: 34.8 million tonnes
Speculative Resources: See NI 43-101 Preliminary Assessment report

N. Eric Fier, CPG, P.Eng. and Qualified Person for this news release has reviewed and approved its contents.

Goldsource Mines Inc. is a Canadian resource company engaged in the exploration and development of Canadas newest coal field in the province of Saskatchewan. The Company has aggressively drilled only a portion of this new thermal coal field and has discovered 17 coal deposits of varying size with coal zone thicknesses up to 126 meters within the permit area of the Border Coal Project. Headquartered in Vancouver, BC, the Company is managed by experienced mining and business professionals.

This news release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. The Companys actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Companys control. These factors include: the availability of funds; the timing and content of work programs; results of exploration activities and development of mineral properties, the interpretation of drilling results and other geological data, the uncertainties of resource and reserve estimations, receipt and security of coal permits and mineral property titles; project cost overruns or unanticipated costs and expenses, fluctuations in commodity product prices; currency fluctuations; and general market and industry conditions. Forward-looking statements are based on the expectations and opinions of the Companys management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

J. Scott Drever
J. Scott Drever, President
GOLDSOURCE MINES INC.


Contact: Fred Cooper
Telephone: (604) 694-1760
Fax: (604) 694-1761
Toll Free: 1-866-691-1760 (Canada & USA)
Email: info@goldsourcemines.com
Website: www.goldsourcemines.com

570 Granville Street, Suite 501
Vancouver, British Columbia V6C 3P1


Neither the TSX-Venture Exchange nor its Regulation Services Provider accepts responsibility for the accuracy or adequacy of this release.


irw-press
12. Dezember 2011
#321154
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EANS-Adhoc: Versatel AG / Envisaged Takeover Offer for Versatel AG

--------------------------------------------------------------------------------
ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------

Company Information/Intention of takeover

19.05.2011

Duesseldorf, 19 May 2011 - Today, Versatel AG was informed that the
VictorianFibre Holding GmbH, a holding company controlled by funds
advised by Kohlberg Kravis Roberts & Co. L.P. (together with
affiliates, "KKR"), intends to launch an all cash voluntary public
takeover offer for all outstanding shares of Versatel AG against the
payment of a cash consideration in the amount of the volume weighted
average stock exchange price of the Versatel share during the last
three months as determined by BaFin. The offer price, however, will
be no less than EUR 6.70 per share. The main shareholders of
Versatel, Vienna II S.à.r.l. i.L., a company advised by Apax Partners
LLP, Cyrte Investments BV and United Internet AG, who together hold
approximately 92 per cent of the shares in Versatel AG, have
previously entered into a binding agreement with KKR and agreed to
sell their shareholdings at the price of EUR 5.50 per share.

With regard to the envisaged takeover offer, the Management Board of
Versatel AG has concluded an agreement with KKR, in which the
cornerstones of the transaction and the future basis of Versatel AG
are described, also in respect of the financing of the company.

The completion of the takeover offer will, among others, be subject
to the approval of the competent merger control authorities.

end of announcement euro adhoc
--------------------------------------------------------------------------------

issuer: Versatel AG
Aroser Allee 72
D-13407 Berlin
mail: ir@versatel.de
WWW: http://www.versatel.de
sector: Telecommunications
ISIN: DE000A0M2ZK2
indexes: CDAX, Prime All Share, Technology All Share
stockmarkets: regulated dealing/prime standard: Frankfurt
language: English

ots Originaltext: Versatel AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Andrea Winzen

Investor Relations

Tel.: +49 (0) 211-52283124

E-Mail: andrea.winzen@versatel.de

Branche: Telecommunications
ISIN: DE000A0M2ZK2
WKN: A0M2ZK
Index: CDAX, Prime All Share, Technology All Share
Börsen: Frankfurt / regulated dealing/prime standard

Versatel AG
19. Mai 2011
#291037
zur Detailseite