Month: June 2011

Bacanora Announces Appointment of New Director, New Corporate Secretary, Option Grant

CALGARY, ALBERTA–(Marketwire – June 29, 2011) – BACANORA MINERALS LTD. (TSX VENTURE:BCN) (the “Corporation” or “Bacanora”) is pleased to announce the appointment of Mr. James Leahy of London, England, as a director of the Corporation. Mr. Leahy will fill the vacancy on the board created by the resignation of Mr. George Jones, a founding shareholder and director of the Corporation. The board of directors wishes to express its utmost thanks and gratitude to Mr. Jones for his years of faithful service during the formative years of the Corporation and to wish him most sincere best wishes in his future endeavours. Although he will no longer serve as a director of the Corporation, Mr. Jones will continue on with the Corporation in a consulting capacity in respect of general corporate structuring and tax matters.

Golden Tag Appoints New Director

MONTREAL, QUEBEC, Jun 29, 2011 (MARKETWIRE via COMTEX) — Golden Tag Resources Ltd. (the “Company”) is pleased to announce the appointment of Mr Luis Felipe Medina as a director of the Company. Mr Medina is the Vice-President, Mexico for Agnico-Eagle Mines Limited (“Agnico-Eagle”). He has worked with Agnico-Eagle in Mexico since 2007 as General Manager of the Pinos Altos mining project and as the Regional Director of Agnico-Eagle Mexico. Mr Medina has more than 16 years of experience in the gold mining industry in Mexico and has participated in the permitting and development efforts at several successful mines in the country. From 1995 to 2007, Mr Medina was involved in the exploration, construction, and operations of “La Colorada” and “La Trinidad” Mines of Eldorado Gold, Cerro de San Pedro Project, operated by Cambior Inc. (then acquired by Glamis Gold), and the El Sauzal and Penasquito projects of Glamis Gold. He is a graduate from the University of CESUES in Sonora, Mexico with a degree in Environmental Engineering and a graduate of Harvard Business School General Management program. Mr. Medina is Vice President of Administration for the Mexican Mining Engineers, Metallurgists and Geologists Association and is a member of the Board of the Mexican Mining Chamber.

Galore Announces $1,000,000 Financing

VANCOUVER, BRITISH COLUMBIA, Jun 29, 2011 (MARKETWIRE via COMTEX) — Galore Resources Inc. announces a non-brokered private placement of up to 6.7 Million units at a price of $0.15 per unit with an overallotment option of an additional 15% or 1,000,000 units. Each unit (a “Unit”) will consist of one common share and one share purchase warrant. Each warrant will be exercisable into one additional common share at a price of $0.20 per share for a period of two years from the date of closing of the financing.

Soltoro Grants Options

TORONTO, ONTARIO–(Marketwire – June 29, 2011) -Soltoro Ltd. (TSX VENTURE:SOL) reports that on June 28, 2011, subject to regulatory approval, it has granted incentive stock options to directors, officers and consultants to the Company. A total of 600,000 options were issued exercisable at a price of $0.82 per share for a period of three years. All options granted are subject to vesting under the Company’s stock option plan.

Cream Shareholders Appoint New Chairman and Directors

Vancouver, BC — June 28, 2011 – Cream Minerals Ltd. (TSX-V – CMA) (“Cream” or the “Company”) is pleased announce that at the annual and special meeting of Cream shareholders held June 23, 2011 (the “Meeting”), shareholders appointed Mr. Christopher Hebb as Chairman. Subsequent to the meeting Mr. Dwayne Melrose consented to act as a director of the Company bringing the number of Directors to eight. In addition shareholders approved the shareholder rights plan, 10% rolling stock option plan and new Articles.

Oremex Reports Results of Annual Meeting

Oremex Resources Inc. (TSX VENTURE:ORM)(OTCQX:ORXRF)(FRANKFURT:OSI) (the “Company”) is pleased to announce that, at its annual and special meeting (the “Meeting”) held on June 27, 2011, the shareholders approved all resolutions placed before them by management, including the re-election of directors, the re-appointment of auditors, the renewal of the Company’s stock option plan, and the proposed change in the Company’s name to Oremex Silver Inc.

Levon’s Warrants Exercised in Full

Levon Resources Ltd. (“Levon” or the “Company”) is pleased to announce that a total of 12,770,243 warrants have been fully exercised for proceeds of $13,074,850. The warrants were exercised as of June 21, 2011. This completes the exercise of the outstanding warrants including former Valley High Venture warrants.

First Mexican Gold Corp. Announces Private Placement

First Mexican Gold Corp. / has arranged a non-brokered private placement to raise proceeds of up to $480,000 through the sale of 2,000,000 units at 24 cents per unit. Each unit is composed of one common share and one-half of one transferable share purchase warrant, each whole warrant being exercisable at a price of 30 cents per share for a period of two years. The financing is subject to regulatory approval.

Gold Resource Corp forecasts record quarter ahead

Gold Resource Corp. (NYSE:GORO) announced late Tuesday at its general meeting of shareholders in Denver, Colorado, that the second quarter is expected to set new production, revenue and earnings records as the company’s El Aguila Project progresses.

Yamana Gold Provides 2011 Exploration Update

TORONTO, June 22, 2011 /PRNewswire/ – YAMANA GOLD INC. (TSX:YRI) (NYSE: AUY) (LSE:YAU) (“Yamana” or “the Company”) today announced mid-year highlights from its 2011 exploration program at existing operations, development projects and a new discovery, Arco Sul in Brazil.

Mercator Minerals Completes Acquisition of Creston Moly

Vancouver, British Columbia: June 22, 2011 – Mercator Minerals Ltd. (“Mercator” or the “Company”) is pleased to announce that it has completed the previously announced arrangement with Creston Moly Corp. (“Creston”), pursuant to which Mercator has acquired all of the issued and outstanding shares of Creston, which is now a wholly owned subsidiary of Mercator.

Soho Resources Corp. Non-Brokered Private Placement

Soho Resources Corp. announces that it has arranged a non-brokered private placement of up to 15,000,000 units of the Company. Each unit is priced at $0.10 per unit, resulting in gross proceeds of up to $1,500,000. Each unit is comprised of one common share of the Company and one half of a two year transferable share purchase warrant. Each one whole share purchase warrant entitles the holder thereof to purchase one additional common share of the Company at $0.13 within one year of its date of issuance and then $0.175 within the second year after its date of issuance. The Company also reserves an overallotment option of up to 3,750,000 units, being 25% of the offering.

Cortez Amends Private Placement

Further to its press release of June 13, 2011, Cortez Gold Corp. announces that due to current market conditions, it is re-pricing its proposed non-brokered private placement. The proposed financing, which will involve the issuance of up to 10,000,000 units, is now priced at $0.15 per Unit, for gross proceeds of up to $1,500,000.

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