MINING MARKETS & INVESTMENT NEWS – Provenor finds perch on ASE

Montreal-based Provenor became a member of the Alberta Stock Exchange upon completing a public offering of 1.5 million shares at 25 cents each. It trades under the symbol pvn.

Proceeds from the financing of $375,000 will be used to fund exploration at two properties between Chibougamau and Val d’Or, Que. Drilling is expected to begin by the end of February. The company now has 5.4 million shares issued and outstanding.

• A proposed merger between Palmer Resources and Lyon Lake Mines (LLL-M) has been approved by shareholders of both companies. The new company will retain the name Lyon Lake, as well as its trading symbol.