It starts at 2pm Toronto/TSX time. I have no idea if they will announce the results later this evening or tomorrow or if they will wait until everything is finalized in early December. Most companies normally announce voting results at the end of the day or the next day. I don't know what the TSX-V requirements are for the company, and especially if it's mandatory that an announcement be made prior to the final closing.
"NOTICE IS HEREBY GIVEN that a special meeting (the “Meeting”) of shareholders of Century Mining Corporation (the “Company”) will be held at The Vancouver Club, UBC Room, 915 West Hastings Street, Vancouver, British Columbia, V6C 1C6, on Monday, November 23, 2009, at 11:00 a.m. (Vancouver time)"
Also, people should be aware of the closing timeframe noted on the last NR. In a previous NR the company had stated that closing is expected on December 4th. However, the latest NR states "early December". It's wiser to give a time period in advance as oppose to a specific date. It's a complex closing, with many different parties involved, including the bank, Finskiy, Scola, and perhaps a number of sub-parties. I assume that all of the money will have to be in place with the various lawyers and all of the legal documentations will have to be ready, etc. Just one party being delayed (even for reasons beyond their control) could easily throw the close date off by a few days, I imagine.
"Closing of these financings, which will fund the restart of the Lamaque project in Val-d'Or, Quebec, is currently expected in early December 2009."
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Russia c.bank buys 0.5 mln oz gold in October
MOSCOW, Nov 23 (Reuters) - Russia's central bank gold stocks rose by 0.5 million ounces (15.6 tonnes) or by 2.6 percent in October to 19.5 billion ounces (606.5 tonnes), data on the bank's web site www.cbr.ru showed.
Russia's central bank has said it aims to increase gold's share in its reserves this year [ID:nLG124285] to keep its investments diverse. The metal is also seen as a safe-haven at times of financial market turbulence and economic crisis -- a status which has helped send the price of gold XAU= to record highs this year. [ID:nGEE5AM0FB]
The web site said the total value of gold in the bank's stocks rose to $20.4 billion at Nov. 1 from $18.8 billion a month earlier. Gold made up 4.7 percent of Russia's total gold and foreign exchange reserves -- the world's third largest -- which stood at $434.43 billion at the start of November.
A source in the Russian state precious and metals repository Gokhran said the gold did not come from its stocks.
The central bank was not immediately available for comment.
Russia's Finance Minister Alexei Kudrin said last week Gokhran, subordinated to the ministry, will sell 30 tonnes of gold to the central bank this year. [ID:nLI200517]
The central bank had been steadily building its gold stocks this year from 16.7 million ounces on Jan. 1, 2009.
The largest monthly increase this year -- of 0.6 million ounces -- took place in July, when stocks rose to 18.3 million ounces from 17.6 million.
In September Russia's gold stocks were the world's ninth-largest. [ID:nSP482249]
The central bank's reserves include gold, foreign currency and Special Drawing Rights (SDRs), an international reserve asset that is essentially a currency of the International Monetary Fund, and some other assets. (Reporting by Aleksandras Budrys and Polina Devitt; Editing by Keiron Henderson) ((aleksandras.budrys@reuters.com; +7 495 775 1242; Reuters Messaging: aleksandras.budrys.reuters.com@reuters.net))
By the way, I think the Salaried Staff Personnel posting has fallen off the job posting board. I think it was posted with a short posting period to begin with - around 24 days. Perhaps they already had someone in mind. It's a key position. It's a senior management position, in charge of all of the support people (geologists, etc.) reporting up to this person. I vaguely recall the GM Lamaque position reporting to this person too, but perhaps that is now only a dotted line reporting structure. Upon closing of the financing deals, there will be an operating committee formed, comprising of 4 directors (2 from the new Investor). That operating committee will have the final say.
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