MINING MARKETS & INVESTMENT NEWS – MERGERS & ACQUISITIONS — Rayrock Yellowknife draws finance arm and Minera into fold

Pursuant to its takeover of an affiliated company, Rayrock Yellowknife Resources (RAY-T) has amalgamated Irish-based subsidiary Rayrock International Finance.

Both Rayrock International Finance and Minera Rayrock are now wholly owned and operated by Rayrock Yellowknife.

Rayrock Yellowknife expects to produce a total of 100,000 oz. gold this year from three open-pit mines in Nevada, plus 24 million lbs. of cathode copper from the Ivan mine in northern Chile.

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