Month: September 2011

War Eagle Announces Revised Reverse Take Over with Andromeda

War Eagle Mining Company Inc. has entered into a letter of intent dated September 26, 2011 with Andromeda Resources Inc., which is a private company incorporated under the laws of Ontario. It is contemplated that all the shareholders of Andromeda (other than War Eagle) will exchange each issued and outstanding common share of Andromeda for 6.67 common shares of War Eagle (the “RTO”) such that the current shareholders of War Eagle will own approximately 32% of the outstanding shares of the combined company resulting from the RTO and shareholders of Andromeda (other than War Eagle) will own the remaining 68% of the Resulting Issuer before the concurrent financing described below. Andromeda currently has 2,900,000 common shares issued and outstanding, of which War Eagle owns 500,000 common shares. There are no outstanding options or warrants exercisable into securities of Andromeda.

Kimber Announces Year End Financial Results

Kimber Resources Inc. has announced its financial results for the year ended June 30, 2011. All amounts in this news release are in Canadian dollars. The operating results were prepared in accordance with Canadian generally accepted accounting principles and include a reconciliation to United States Generally Accepted Accounting Principles pursuant to Item 18 of Form 20-F. Kimber’s audited consolidated financial statements, management’s discussion & analysis and annual report on Form 20-F for the year ended June 30, 2011 are now available on SEDAR at and on EDGAR at

Southridge Announces Appointment of Geologist Juan Eduardo Lopez Romero as Advisor to the Board of Directors

Mr. Juan Eduardo Lopez Romero graduated in 1981 as a geologist from the University of Sonora in Hermosillo, Sonora, Mexico. With over 28 years of professional experience, Mr. Lopez Romero has specialized in geological mapping, mineral exploration, geological hazard studies and environmental impact, hydrology, geotechnical, geochemical, geophysical and drilling techniques.

Galore Appoints Mr. Michael McMillan as Director

Galore Resources Inc. is pleased to announce the appointment of Mr. Michael McMillan to the Company’s Board of Directors. Mr. McMillan has more than 30 years of experience working with companies focused on marketing, sales and acquisitions of drilling equipment, as well as providing services to energy and mining companies in North and South America, Europe, Asia and Mexico.

Levon Resources Ltd. is pleased to announce the Appointment of Mr. Robert Aaron Roberts to the Board of Directors.

Mr. Roberts is a graduate of Osgoode Hall Law School (1986) and is called to the Alberta (1987) and Ontario (1988) bar. Mr. Roberts began his legal career in Calgary with a focus on natural resource transactions and in the fall of 1987 he joined the Toronto offices of Osler, Hoskin & Harcourt where he practiced corporate tax and finance law with an emphasis on mergers and acquisitions including many transactions in the natural resources sector. Mr. Roberts authored or co-authored many articles on corporate tax including an annual paper for the Canadian Tax Foundation on the tax aspects of takeover bids. In 1999 Mr. Roberts left the practice of law to pursue entrepreneurial opportunities in the retail sector. Mr. Roberts is Chief Executive Officer and co-owner of Channel Control Merchants, LLC (“CCM”) based in Hattiesburg, Mississippi. CCM is a retail services company specializing in providing brand control services to major retailers and is the market leader in North America in the management of retail insurance salvage claims, customer return programs for major retailers, and the export of brand sensitive inventories.

Kimber appoints TIm Haldane to the board of directors

Mr. Haldane, P. Eng., joined Agnico-Eagle Mines Limited in May 2006 and is currently the Senior Vice-President, Latin America. Prior to this appointment, he was Vice-President, Development for Glamis Gold Inc. where he participated in numerous acquisition and development activities in North America and Central America. Mr. Haldane is a graduate of the Montana School of Mines and Technology (B.S. Metallurgical Engineering) and has 28 years of combined experience in the precious metals and base metals industries.

Black Birch Changes Its Name to Oremex Gold, Change of Auditor, Change of Year End and Amalgamation With Wholly-Owned Subsidiary

TORONTO, ONTARIO, Sep 19, 2011 (MARKETWIRE via COMTEX) — Black Birch Capital Acquisition I Corp. (the “Corporation” or “Oremex Gold”) is pleased to announce that, further to the completion of its qualifying transaction on July 29, 2011, the Corporation will change its name to “OREMEX GOLD INC.”, effective September 20, 2011. Effective as of the opening of markets on September 20, 2011, the common shares of the Corporation will commence trading on the TSX Venture Exchange under the name “OREMEX GOLD INC.” with the new trading symbol “OAU”. The name change was approved by special resolution of the shareholders of the Corporation at its annual and special meeting held on June 30, 2011 and is consistent with the Corporation’s announced strategy to focus on its gold mineral properties in Mexico, acquired during its qualifying transaction.

Fortuna to Begin Trading on the New York Stock Exchange on September 19, 2011

VANCOUVER, Sept. 15, 2011 /PRNewswire via COMTEX/ — Fortuna Silver Mines Inc. (lima stock exchange:FVI / ) is pleased to announce that it has been approved to list its common shares on the New York Stock Exchange (“NYSE”) on September 19, 2011 under the trading ticker symbol “FSM”. The Company will retain its listings on the Toronto Stock Exchange (“TSX”) and the Lima Stock Exchange (“BVL”), both under the symbol “FVI”.

Victory Resources Climbs After Saying Underground Equipment to Set to Go

Victory Resources Corp (VR.V) is up 5 cents, climbing 16% to 36 cents a share after saying equipment is now on site for underground rehabilitation and diamond drilling on the main adit at the Reforma mine in Mexico. Repairs also are slated for the Reforma South underground workings.

First Mexican Gold Corp. Private Placement Oversubscribed

VANCOUVER, BRITISH COLUMBIA, Sep 12, 2011 (MARKETWIRE via COMTEX) — First Mexican Gold Corp. is pleased to announce its private placement announced September 1, 2011 of 1,000,000 units has been over-subscribed and the Company has increase the private placement to 1,290,500 units which were priced at $0.24 per unit with a $0.30 half warrant exercisable for two years for total proceeds of $309,720. The Company intends to use the proceeds from the private placement in support of its planned and continuing drilling program in Mexico and for general corporate purposes. No finders fees are applicable.

Torex Reports Third Quarter Results

TORONTO, Ontario, September 8, 2011 — Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX:TXG) announced today its financial results for the three and nine months ended July 31, 2011.


Zaruma Resources Announces Resignation

TORONTO, Sept. 6, 2011 /CNW/ – Zaruma Resources Inc., (TSXV-ZMR), (the “Company” or “Zaruma”) today announced that J. Robert McNair, the Chief Operating Officer of the Company working on the Company’s Luz del Cobre copper project in Sonora, Mexico has resigned in order to pursue other interests. Dr. Thomas Utter, CEO of Zaruma stated that the resignation will not affect the progress of the Project. Senior personnel have been engaged and are on site, and M3 Engineering & Construction, Inc. of Tucson, Arizona and its Hermosillo, Sonora, Mexico office are already at work on the restart of the engineering, procurement and construction management aspects of the project.

Bowmore Announces Increase in Private Placement

MONTREAL, QUEBEC–(Marketwire – Sept. 2, 2011) – BOWMORE Exploration Ltd. (TSX VENTURE:BOW), (the “Company”) is pleased to announce that it has increased its non-brokered private placement, (the “Private Placement”) for total gross proceeds of up to $1,900,000 subject to regulatory approval. On August 29th, 2011 the Company had announced a non-brokered private placement of up to $1,500,000. The Private Placement will now consist of up to 3.8 million flow-through units (the “Units”) at a price of $0.50 per Unit, each Unit consisting of one common share to be issued as a “flow-through” share for the purposes of the Income Tax Act (Canada) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder to acquire one non flow-through common share of the Company for a period of twenty four (24) months at an exercise price of $0.75 per share.

First Mexican to Issue a Financing

First Mexican Gold Corp., on a best efforts basis, is arranging a non-brokered private placement of up to $240,000 through the sale of one million units at 24 cents per unit. Each unit consists of one common share and one-half of one non-transferable share purchase warrant, with 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.

Source Retains Investor Relations Consultant

TORONTO, ONTARIO, Sep 01, 2011 (MARKETWIRE via COMTEX) — SOURCE EXPLORATION CORP. (the “Corporation” or “Source”) (tsx venture:SOP) announced today that it has retained Andreas Curkovic of Toronto, Ontario to assist the Corporation with investor relations activities for current shareholders and potential investors. Mr. Curkovic is the founder of Proconsul Capital, which provides investor relations services to Canadian publicly listed companies. Services provided by Mr. Curkovic will focus on the investor communications, planning and coordination of investment meetings, providing newswire services, and management of communications material, with a view to achieving a high level of awareness of Source in the investment community and to broaden the shareholder base.

Aura Silver Closes $1.6 Million First Tranche Of Brokered Private Placement Financing

Aura Silver Resources Inc. announces that it has closed the first tranche of its brokered private placement financing issuing 7,670,587 flow-through units (the “FT Units”) for gross proceeds of $1,304,000 and 2,156,667 units (the “Units”) for gross proceeds of $323,500. Union Securities Ltd. (“Union”) acted as agent for this financing.

Impact Silver Launches New Website and Presents New Mine Tour Video

The address of the new website will remain the same as The website has a new, user-friendly interface with concise, informative content to give visitors to the site a better understanding of IMPACTs operations in its 623-square-kilometer land package including the 423-square kilometer Zacualpan Silver and Gold District, 200-square-kilometer Mamatla Mineral District and Zacatecas District.

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