Day: November 29, 2011

Elgin Mining Announces Closing of Private Placement Financing

VANCOUVER, Nov. 29, 2011 /CNW/ – Elgin Mining Inc. (“Elgin Mining”) (TSX-V: ELG) is pleased to advise the completion of the previously announced flow-through private placement (see News Release No . 2011-12 dated November 7, 2011). The Company has issued 6,428,571 flow-through common shares (the “Flow-Through Shares”) at a price of $1.40 per Flow-Through Share for aggregate gross proceeds of $9 million (the “Offering”).

Red Tiger Mining (formerly Zaruma Resources Inc.) Reports Third Quarter 2011 Results

Toronto, Ontario, Canada. Red Tiger Mining Inc., (TSXV:RMN), (the “Company” or “Red Tiger”) today reported that the quarterly unaudited Consolidated Financial Statements and Management’s Discussion and Analysis report for the nine and three months ended September 30, 2011 have been filed on SEDAR, The Company’s new website is currently under construction.

SilverCrest Reports $5.1 Million Third Quarter Cash Flow from Operations

SilverCrest Mines Inc. is pleased to announce strong positive cash flow, earnings and operating results for its third quarter ended September 30, 2011, being the second quarter of commercial production at its Santa Elena Mine in Sonora, Mexico. This press release should be read in conjunction with the Company’s Management Discussion & Analysis, Condensed Consolidated Interim Financial Statements and Notes to Financial Statements for the nine month period ended September 30, 2011, available on the Company’s website at www.silvercrestmines.com and on SEDAR at www.sedar.com . All monetary figures are expressed in United States dollars unless otherwise specified.

Aurcana Announces Closing of Private Placement Financing

Aurcana Corporation (“Aurcana” or the “Company”) is pleased to announce that, further to the press release of November 15, 2011, it has completed its private placement financing. The private placement offering (the “Offering”) of units (“Units”) was conducted through a syndicate of agents led by RBC Capital Markets and included, BMO Capital Markets, Dundee Securities Ltd. and Stonecap Securities Inc. (the “Agents”). Pursuant to the Offering, Aurcana sold an aggregate 52,853,000 Units at a price of $0.65 per Unit for aggregate gross proceeds of approximately C$34.4 million.

Globexplore is a customer focused, technology driven mineral exploration drilling contractor devoted to top of class drilling methods and techniques that only years of experience can achieve. Every day we strive to be the industry leader by providing the highest rate of performance, professionalism, safety and environmental responsibility.

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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.