Month: September 2011

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.

Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.

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