Day: October 10, 2012

Aurico Gold Soars on Mine Sale

Shares in AuRico Gold Inc. are soaring today, up more than 15 per cent on the TSX, as investors cheer the company’s decision to sell off a troubled Mexican gold mine to a company owned by Carlos Slim, one of the world’s richest men.

Oremex Silver Inc. Closes Convertible Debenture Portion of Private Placement

Oremex Silver Inc. announced that on October 9, 2012 it closed the convertible debenture portion of the non-brokered private placement previously disclosed by the Company on September 7, 2012. The Debenture Private Placement raised gross proceeds of $727,500 through the issue of 72.75 units of the Company, each Debenture Unit consisting of $10,000 principal amount of convertible debentures of the Company and 100,000 common share purchase warrants (“Warrants”), at a purchase price of $10,000 per Debenture Unit. Each Warrant is exercisable into one common share of the Company at a price of $0.10 per Share, expiring in five years from the date of issue.

Kinross Gold CFO Paul Barry To Leave

Kinross Gold Corp. said that Executive Vice-President and Chief Financial Officer, Paul Barry, would depart in order to pursue other interests. While the company is in search for a suitable replacement, Barry would stay in his role until a new chief financial officer is named and would assist the new CFO during an agreed transition period.

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.