Sutter Gold Mining (SGMNF) 0.0920 $SGMNF
Tyhee Gold: RMB Extends Maturity Date of Loan
Marketwire - Thu Aug 21, 6:31AM CDT
Tyhee Gold Corp. (TSX VENTURE: TDC) (the "Company" or "Tyhee"
is pleased to report that the Maturity Date of the previously announced Note Purchase Agreement ('the Agreement" with RMB Australia Holdings Limited ("RMB Australia" (see Tyhee news release dated February 14, 2014) has been extended to September 30, 2014. Under the terms of the Agreement, RMB Australia provided the Company with a US$5 million loan (the "RMB Note" , which was to mature on August 13, 2014 and bears interest at 2% per month.
IIROC Trade Resumption - Sutter Gold Mining Inc.
Newsfile Corp - Mon Jul 07, 6:59AM CDT
Trading resumes in:
RMB Resources Enters Into Agreement to Dispose of Its Equity Stake in Sutter Gold Mining Inc. and Acquire Equity Stake in Tyhee Gold Corp.
Marketwire - Fri Jul 04, 5:01PM CDT
RMB Australia Holdings Limited ("RMBAH" and RMB Investments and Advisory (Pty) Limited ("RMBIA", and together with RMBAH, "RMB" are pleased to announce that RMBAH has entered into an implementation agreement (the "Implementation Agreement" with Tyhee Gold Corp. ("Tyhee" and Sutter Gold Mining Inc. ("Sutter" whereby, among other things, RMB has agreed to: (i) sell all of the common shares in the capital of Sutter ("Sutter Common Shares" currently held by RMB for cash consideration; (ii) sell all of the Sutter Common Shares that are to be issued to RMB by Sutter upon the proposed conversion of US$8 million of RMB's current debt exposure to Sutter for cash consideration; and (iii) assign US$17 million of RMB's current debt exposure to Sutter in exchange for consideration which will include, among other things, the issuance from treasury to RMBAH of 90,000,000 new common shares in the capital of Tyhee ("Tyhee Common Shares" and cash consideration.
Sutter Gold Announces New Major Shareholder and Restructures Debt
Marketwire - Fri Jul 04, 3:06PM CDT
Sutter Gold Mining Inc. (TSX VENTURE: SGM)(OTCQX: SGMNF) ("Sutter" or the "Company" is pleased to report that Sutter and Tyhee Gold Corp. (TSX VENTURE: TDC) have entered into an agreement (the "Implementation Agreement" with RMB Australia Holdings Limited ("RMB" whereby, subject to certain conditions, Tyhee will acquire: all of the issued and outstanding shares of Sutter currently held by RMB and/or its affiliates; all of the issued and outstanding shares of Sutter that are to be issued to RMB by Sutter upon the proposed conversion of US$8 million of RMB's current debt exposure to Sutter; and approximately US$17 million of RMB's additional debt exposure to Sutter (the "Transaction" . Upon completion of the Transaction, Tyhee will hold approximately 73% of Sutter's issued and outstanding shares (on a non-fully diluted basis).
Tyhee Gold Agrees to Acquire Majority Stake in Sutter Gold Mining Inc.-Sutter to Restructure Debt
Marketwire - Fri Jul 04, 2:42PM CDT
Tyhee Gold Corp. ("Tyhee" or the "Company" (TSX VENTURE: TDC) is pleased to report that the Company has entered into an agreement (the "Implementation Agreement" with RMB Australia Holdings Limited ("RMB" and Sutter Gold Mining Inc. (TSX VENTURE: SGM)(OTCQX: SGMNF) ("Sutter" whereby, subject to certain conditions, Tyhee will acquire: all of the issued and outstanding shares of Sutter currently held by RMB and/or its affiliates; all of the issued and outstanding shares of Sutter that are to be issued to RMB by Sutter upon the proposed conversion of US$8 million of RMB's current debt exposure to Sutter; and approximately US$17 million of RMB's additional debt exposure to Sutter (the "Transaction".) Upon completion of the Transaction, Tyhee will hold approximately 73% of Sutter's issued and outstanding shares, on a non-fully-diluted basis.
IIROC Trade Halt - Sutter Gold Mining Inc.
Newsfile Corp - Wed Jul 02, 6:59AM CDT
The following issues have been halted by IIROC:
Sutter Gold Mining Inc. Provides Project Update and Announces It Will Temporarily Suspend Operations at Lincoln Mine Project
Marketwire - Tue Mar 04, 4:01PM CST
Sutter Gold Mining Inc. (TSX VENTURE: SGM) (OTCQX: SGMNF) ("Sutter or the "Company" provides the following update on the completion of current work programs announced December 23, 2013 with respect to development in the underground and mill at the Lincoln Project in Sutter Creek, California.
Best's Rating Notification - Surety Bonding Company of America
Rating Division - AMBest - Wed Dec 18, 2:21PM CST
A.M. Best Company has made the following rating update:
Best's Rating Notification - Continental Casualty Company CAB
Rating Division - AMBest - Wed Dec 18, 2:19PM CST
A.M. Best Company has made the following rating update:
Sutter Gold Mining Inc. Announces Settlement and Provides Project Update
Marketwire - Wed Jul 31, 4:01PM CDT
Sutter Gold Mining Inc. (TSX VENTURE: SGM)(OTCQX: SGMNF) ("Sutter" or the "Company" announces that, further to its news release dated July 3, 2013, it has reached an agreement with Leanne M. Baker to settle the severance owing to her with respect to her termination as Chief Executive Officer of the Company. As disclosed in the executive compensation section of the Company's management information circulars dated May 2, 2012 and May 7, 2013, Ms. Baker is entitled to a one time severance payment in the amount of USD$500,000 (the "Severance" . The Company and Ms. Baker have agreed that the Severance will be payable in four installments: (i) USD$83,333 payable in cash immediately; (ii) USD$138,889 to be paid on each of January 15, 2014, January 15, 2015 and January 15, 2016, either in cash or in common shares of the Company. The determination of whether any of the future payments noted above will be made in cash or in shares will be at the sole discretion of the Company. The deemed price of the common shares that may be issued in connection with the above noted installments will be the average closing share price of the Company during the 10 trading days up to and including January 15 of each applicable year, but in any event, no more than 475,000 common shares will be issued (equating a deemed price of approximately $0.30 per share) in each of the three installments. The payment of the Severance is considered a related party transaction in accordance with the policies of the TSX Venture Exchange, however is exempt from the requirements for formal valuation or minority approval set out in sections 5.5(a) and (b) and 5.7(a) and (b), respectively, of MI 61-101 Protection of Minority Security Holders in Special Transactions. The payment of the Severance is subject to the approval of the TSX Venture Exchange.
Sutter Gold Implements Cost Cutting Measures and Provides Development Update
Marketwire - Wed Jul 03, 3:23PM CDT
Sutter Gold Mining Inc. (TSX VENTURE: SGM)(OTCQX: SGMNF) ("Sutter" or the "Company" announces the implementation of several cost-cutting measures in response to recent gold market volatility and uncertainty in financing markets. RMB Australia Holdings Limited ("RMB" or the "Lender" , which has funded development and construction costs at Sutter's Lincoln Mine Project in the California Mother Lode for the past five years and continues to do so, requested cost reductions as a condition of further funding under the extension and increase of the bridge loan announced on May 23, 2013. An affiliate of RMB is also a 48% shareholder of Sutter Gold's common shares.
Sutter Gold Mining Inc. Signs US $8 Million Increase and Repayment Extension to Secured Short-Term Credit Facility
Marketwire - Thu May 23, 3:10PM CDT
Sutter Gold Mining Inc. (TSX VENTURE: SGM)(OTCQX: SGMNF) ("Sutter" or the "Company" announced today that it has closed on an agreement with RMB Australia Holdings Ltd. ("RMB" pursuant to which RMB has agreed to increase the existing secured, short term debt facility of US$12 million (the "Original Facility" by an additional US$8 million (the "Extended Facility", together with the Original Facility, the "Facility" (see press release dated October 18, 2012). The Extended Facility will be used for the completion of the construction of the Lincoln Mine Project (the "Project" near Sutter Creek, California, and for agreed general corporate purposes. With this Extended Facility, RMB has now made an aggregate of US$20 million available to the Company, of which US$12 million has been drawn by the Company. In addition, the Facility's due date has been extended from June 30, 2013 to June 30, 2014 and now bears interest at the rate of LIBOR plus 15% per annum.
Sutter Gold Provides Lincoln Mine Project Update
Marketwire - Fri Feb 22, 12:59PM CST
Sutter Gold Mining Inc. (TSX VENTURE: SGM)(OTCQX: SGMNF) ("Sutter" or "the Company" is pleased to provide an update on progress at its new Lincoln Mine Project in Amador County, California.
Tyhee Gold: RMB Extends Maturity Date of Loan
Marketwire - Thu Aug 21, 6:31AM CDT
Tyhee Gold Corp. (TSX VENTURE: TDC) (the "Company" or "Tyhee"
is pleased to report that the Maturity Date of the previously announced Note Purchase Agreement ('the Agreement" with RMB Australia Holdings Limited ("RMB Australia" (see Tyhee news release dated February 14, 2014) has been extended to September 30, 2014. Under the terms of the Agreement, RMB Australia provided the Company with a US$5 million loan (the "RMB Note" , which was to mature on August 13, 2014 and bears interest at 2% per month. IIROC Trade Resumption - Sutter Gold Mining Inc.
Newsfile Corp - Mon Jul 07, 6:59AM CDT
Trading resumes in:
RMB Resources Enters Into Agreement to Dispose of Its Equity Stake in Sutter Gold Mining Inc. and Acquire Equity Stake in Tyhee Gold Corp.
Marketwire - Fri Jul 04, 5:01PM CDT
RMB Australia Holdings Limited ("RMBAH"
and RMB Investments and Advisory (Pty) Limited ("RMBIA", and together with RMBAH, "RMB" are pleased to announce that RMBAH has entered into an implementation agreement (the "Implementation Agreement" with Tyhee Gold Corp. ("Tyhee" and Sutter Gold Mining Inc. ("Sutter" whereby, among other things, RMB has agreed to: (i) sell all of the common shares in the capital of Sutter ("Sutter Common Shares" currently held by RMB for cash consideration; (ii) sell all of the Sutter Common Shares that are to be issued to RMB by Sutter upon the proposed conversion of US$8 million of RMB's current debt exposure to Sutter for cash consideration; and (iii) assign US$17 million of RMB's current debt exposure to Sutter in exchange for consideration which will include, among other things, the issuance from treasury to RMBAH of 90,000,000 new common shares in the capital of Tyhee ("Tyhee Common Shares" and cash consideration. Sutter Gold Announces New Major Shareholder and Restructures Debt
Marketwire - Fri Jul 04, 3:06PM CDT
Sutter Gold Mining Inc. (TSX VENTURE: SGM)(OTCQX: SGMNF) ("Sutter" or the "Company"
is pleased to report that Sutter and Tyhee Gold Corp. (TSX VENTURE: TDC) have entered into an agreement (the "Implementation Agreement" with RMB Australia Holdings Limited ("RMB" whereby, subject to certain conditions, Tyhee will acquire: all of the issued and outstanding shares of Sutter currently held by RMB and/or its affiliates; all of the issued and outstanding shares of Sutter that are to be issued to RMB by Sutter upon the proposed conversion of US$8 million of RMB's current debt exposure to Sutter; and approximately US$17 million of RMB's additional debt exposure to Sutter (the "Transaction" . Upon completion of the Transaction, Tyhee will hold approximately 73% of Sutter's issued and outstanding shares (on a non-fully diluted basis). Tyhee Gold Agrees to Acquire Majority Stake in Sutter Gold Mining Inc.-Sutter to Restructure Debt
Marketwire - Fri Jul 04, 2:42PM CDT
Tyhee Gold Corp. ("Tyhee" or the "Company"
(TSX VENTURE: TDC) is pleased to report that the Company has entered into an agreement (the "Implementation Agreement" with RMB Australia Holdings Limited ("RMB" and Sutter Gold Mining Inc. (TSX VENTURE: SGM)(OTCQX: SGMNF) ("Sutter" whereby, subject to certain conditions, Tyhee will acquire: all of the issued and outstanding shares of Sutter currently held by RMB and/or its affiliates; all of the issued and outstanding shares of Sutter that are to be issued to RMB by Sutter upon the proposed conversion of US$8 million of RMB's current debt exposure to Sutter; and approximately US$17 million of RMB's additional debt exposure to Sutter (the "Transaction".) Upon completion of the Transaction, Tyhee will hold approximately 73% of Sutter's issued and outstanding shares, on a non-fully-diluted basis. IIROC Trade Halt - Sutter Gold Mining Inc.
Newsfile Corp - Wed Jul 02, 6:59AM CDT
The following issues have been halted by IIROC:
Sutter Gold Mining Inc. Provides Project Update and Announces It Will Temporarily Suspend Operations at Lincoln Mine Project
Marketwire - Tue Mar 04, 4:01PM CST
Sutter Gold Mining Inc. (TSX VENTURE: SGM) (OTCQX: SGMNF) ("Sutter or the "Company"
provides the following update on the completion of current work programs announced December 23, 2013 with respect to development in the underground and mill at the Lincoln Project in Sutter Creek, California. Best's Rating Notification - Surety Bonding Company of America
Rating Division - AMBest - Wed Dec 18, 2:21PM CST
A.M. Best Company has made the following rating update:
Best's Rating Notification - Continental Casualty Company CAB
Rating Division - AMBest - Wed Dec 18, 2:19PM CST
A.M. Best Company has made the following rating update:
Sutter Gold Mining Inc. Announces Settlement and Provides Project Update
Marketwire - Wed Jul 31, 4:01PM CDT
Sutter Gold Mining Inc. (TSX VENTURE: SGM)(OTCQX: SGMNF) ("Sutter" or the "Company"
announces that, further to its news release dated July 3, 2013, it has reached an agreement with Leanne M. Baker to settle the severance owing to her with respect to her termination as Chief Executive Officer of the Company. As disclosed in the executive compensation section of the Company's management information circulars dated May 2, 2012 and May 7, 2013, Ms. Baker is entitled to a one time severance payment in the amount of USD$500,000 (the "Severance" . The Company and Ms. Baker have agreed that the Severance will be payable in four installments: (i) USD$83,333 payable in cash immediately; (ii) USD$138,889 to be paid on each of January 15, 2014, January 15, 2015 and January 15, 2016, either in cash or in common shares of the Company. The determination of whether any of the future payments noted above will be made in cash or in shares will be at the sole discretion of the Company. The deemed price of the common shares that may be issued in connection with the above noted installments will be the average closing share price of the Company during the 10 trading days up to and including January 15 of each applicable year, but in any event, no more than 475,000 common shares will be issued (equating a deemed price of approximately $0.30 per share) in each of the three installments. The payment of the Severance is considered a related party transaction in accordance with the policies of the TSX Venture Exchange, however is exempt from the requirements for formal valuation or minority approval set out in sections 5.5(a) and (b) and 5.7(a) and (b), respectively, of MI 61-101 Protection of Minority Security Holders in Special Transactions. The payment of the Severance is subject to the approval of the TSX Venture Exchange. Sutter Gold Implements Cost Cutting Measures and Provides Development Update
Marketwire - Wed Jul 03, 3:23PM CDT
Sutter Gold Mining Inc. (TSX VENTURE: SGM)(OTCQX: SGMNF) ("Sutter" or the "Company"
announces the implementation of several cost-cutting measures in response to recent gold market volatility and uncertainty in financing markets. RMB Australia Holdings Limited ("RMB" or the "Lender" , which has funded development and construction costs at Sutter's Lincoln Mine Project in the California Mother Lode for the past five years and continues to do so, requested cost reductions as a condition of further funding under the extension and increase of the bridge loan announced on May 23, 2013. An affiliate of RMB is also a 48% shareholder of Sutter Gold's common shares. Sutter Gold Mining Inc. Signs US $8 Million Increase and Repayment Extension to Secured Short-Term Credit Facility
Marketwire - Thu May 23, 3:10PM CDT
Sutter Gold Mining Inc. (TSX VENTURE: SGM)(OTCQX: SGMNF) ("Sutter" or the "Company"
announced today that it has closed on an agreement with RMB Australia Holdings Ltd. ("RMB" pursuant to which RMB has agreed to increase the existing secured, short term debt facility of US$12 million (the "Original Facility" by an additional US$8 million (the "Extended Facility", together with the Original Facility, the "Facility" (see press release dated October 18, 2012). The Extended Facility will be used for the completion of the construction of the Lincoln Mine Project (the "Project" near Sutter Creek, California, and for agreed general corporate purposes. With this Extended Facility, RMB has now made an aggregate of US$20 million available to the Company, of which US$12 million has been drawn by the Company. In addition, the Facility's due date has been extended from June 30, 2013 to June 30, 2014 and now bears interest at the rate of LIBOR plus 15% per annum. Sutter Gold Provides Lincoln Mine Project Update
Marketwire - Fri Feb 22, 12:59PM CST
Sutter Gold Mining Inc. (TSX VENTURE: SGM)(OTCQX: SGMNF) ("Sutter" or "the Company"
is pleased to provide an update on progress at its new Lincoln Mine Project in Amador County, California. 
