Fortunate Sun Mining Company Ltd. is pleased to announce that at the Company’s Annual General Meeting held on April 27, 2012 the following individuals were re-elected to the board of directors: Reg Advocaat, Peter Chen, Gary Nordin, Scott Young and Terrance Owen.
Kootenay Silver Inc. and Copper Creek Gold Corp. are pleased to announce results from a recently completed diamond drilling program on its Santa Lucia project in Sonora, Mexico. Copper Creek has an option to earn a 60% interest in the project from Kootenay Silver Inc. by spending $2 million and making cash and share payments over a 4 year period. The property is situated approximately 200km southeast of Hermosillo, Mexico.
Galore Resources Inc. announces a non-brokered private placement of up to 7.5 Million units at a price of $0.10 per unit with an overallotment option of an additional 15% or 1,125,000 units. Each 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 eighteen months from the date of closing of the financing.
Sonora Resources Corp., a mineral exploration and development company focused on the acquisition and development of international silver and gold mining properties, is pleased to announce the closing of a private placement for gross aggregate proceeds of $740,000. The private placement consisted of the sale of an aggregate of 3,700,000 shares of the Company’s common stock at a price of $0.20 per share. Subscribers included First Majestic Silver Corp. (which invested $350,000) and an officer of First Majestic Silver Corp. The shares issued under the private placement are restricted under applicable securities laws and are not freely tradable.
Soltoro Ltd. has entered into an Option Agreement with Gold Reserve Inc. whereby Soltoro grants Gold Reserve the right to earn an undivided 51% interest in the La Tortuga property located in Jalisco State, Mexico.
El Tigre Silver Corp. is pleased to announce a non-brokered private placement for up to 12,000,000 units of the Company at a price of $0.25 per Unit for aggregate cash proceeds of $3,000,000. Each Unit will be comprised of one common share and one-half of a common share purchase warrant. Each whole Warrant will entitle the holder to acquire an additional common share of the Company for a period of 18 months from the date of issue at a price of $0.40. An 8% cash finders’ fee and warrants equal to 8% of the Units issued may be payable on all or a portion of the offering.
Dia Bras Exploration Inc. is pleased to announce its production results for the first quarter of 2012.
Elgin Mining Inc. and Gold-Ore Resources Ltd. jointly announced completion of the business combination which took effect May 1, 2012, whereby Elgin Mining acquired all of the issued and outstanding common shares of Gold-Ore by way of plan of arrangement. The Arrangement has resulted in a well-funded, growth-oriented gold producer which owns the producing Bjorkdal gold mine in Sweden and the Lupin and Ulu gold development projects in Nunavut, Canada. Patrick Downey will continue in his role as President and Chief Executive Officer of Elgin Mining. Gold-Ore directors, David Mullen, Ronald Ewing, Glen Dickson and Robert Wasylyshyn will join the expanded board of directors of Elgin Mining with immediate effect.
Goldgroup Mining Inc. is pleased to announce the appointment of Mr. Chester F. Millar to the Board of Directors. Mr. Millar is considered a pioneer of heap leach gold production and large-scale bulk mining methods and techniques used for mining low-grade gold deposits worldwide. Considered one of the mining industry’s most successful company builders, Mr. Millar was inducted to the Canadian Mining Hall of Fame in 2008, with a career that includes being a founder and former Chairman of such notable large and successful gold companies as Glamis Gold Ltd., Eldorado Gold Corporation and Alamos Gold Inc. Under his strategic direction, these companies were able to grow from junior exploration and early production companies to world class gold producers.
Orko Silver Corp. Orko Silver Corp. is pleased to provide a synopsis of the results of a new engineering study recently completed on our 100% owned La Preciosa project by our independent consultant AMEC Americas Limited.
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.
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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The DOF is the organ of the Constitutional Government of the United Mexican States, which has the function of publishing in the national territory, to so that they are properly observed and applied in their respective areas of competence.
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