Archive for August, 2010

China Armco Metals Announces Conference Call to Discuss Financial Results for the Second Quarter of 2010

China Armco Metals, Inc. (NYSE: CNAM, AMEX: CNAM), a distributor of imported metal ore and metal recycler with a new state of the art scrap metal recycling facility in China, announced today that Kexuan Yao, Chief Executive Officer, Fengtao Wen, Chief Financial Officer, and Lillian Wong, U.S. Representative of China Armco Metals will host a conference call to discuss the Company’s financial results for the second quarter of 2010 ended June 30, 2010.

Baja Announces Key Boleo Debt Financing Approvals

Baja Mining Corp. (TSE:BAJ)(OTCQX:BAJFF)(PINK SHEETS:BAJFF) announced that its 70% owned project company, Minera y Metalurgica del Boleo S.A. de C.V. , has received all necessary credit approvals from the Export-Import Bank of the United States and Korea Development Bank to provide US$573 million in senior and subordinated project financing for the construction of the Boleo Project in Mexico.

Baja Announces Bought Deal Financing

Baja Mining Corp.(TSE:BAJ)(OTCQX:BAJFF)(PINK SHEETS:BAJFF) announced it has executed an agreement with a syndicate of underwriters led by Cormark Securities Inc., and including CIBC World Markets and Canaccord Genuity Corp. and Rodman and Renshaw LLC, participating with respect to sales in the United States on an exempt basis, under which the Underwriters have agreed to purchase, on a bought deal basis, 21,875,000 common shares of Baja at a price of $0.80 per Share for gross proceeds of $17,500,000.