Month: November 2012

Gold Reserve Updates Shareholders

Gold Reserve Inc. is pleased to provide an update on management’s activities related to arbitration and settlement discussions, debt restructuring, exchange listings, litigation settlement, exploration activities and its financial overview for the third quarter of 2012.

Defiance Appoints Matthew Kavanagh as CFO

Defiance Silver Corp is pleased to announce the appointment of Matthew Kavanagh to the position of Chief Financial Officer. Mr. Kavanagh is a chartered accountant with 25 years of experience in accounting and as a Chief Financial Officer for various Canadian companies including several silver miners. Defiance also announces the resignation of Ron Sowerby as Chief Financial Officer. The Board wishes to thank Ron for his contributions to Defiance since its formation.

Cream Minerals Announces Filing of Second Quarter Financial Statements and Management Discussion and Analysis and Provides Update on Revised NI 43-101 Technical Report

Cream Minerals Ltd. announces that it will SEDAR file its second quarter financial statements and management and discussion analysis on SEDAR and post these documents to the Company’s web site on November 29, 2012. In addition the Company advises US investors its shares are now quoted and traded on the OTCQB an electronic trading platform owned and operated by the OTC Markets Group. The Company’s symbol remains CRMXF.

El Tigre Reports Exploration Highlights and Progress

El Tigre Silver Corp. is pleased to report on exploration progress at its El Tigre silver and gold project. El Tigre is located on concessions that are part of the Company’s 431 square kilometer concession ownership in Sonora, Mexico. The El Tigre mine was operated from 1903 to 1938, and it is estimated to have produced 70 to 75 million ounces of silver and 325,000 and 350,000 ounces of gold.

Red Tiger Reports Third Quarter Results

Red Tiger Mining Inc. today reported that the quarterly unaudited Condensed Interim Consolidated Financial Statements and Management’s Discussion and Analysis report for the three and nine months ended September 30, 2012 have been filed on SEDAR, www.sedar.com and on the Company’s website, www.redtigermining.com .

NWM Announces Proposed Financing, Debt Reduction and Share Consolidation

NWM Mining Corporation is pleased to announce that it has engaged Sunel Securities Inc. as lead agent on a best efforts basis in connection with a proposed private placement of up to 160,000,000 units at an issue price of 0.05 per unit for gross proceeds of up to 8,000,000. Each Unit will consist of one common share and one whole common share purchase warrant. Each Warrant will entitle the holder, on exercise, to purchase one common share at 0.10 for a term of 48 months from the closing date. The proceeds of the Offering will be used to ramp up production at the Lluvia-Jojoba project, to conduct exploration and expand resources and to pay down existing debt as well as for general working capital purposes.

Southridge Minerals Hires NY-Based Magna Group To Expedite OTCBB Up-Listing

Southridge Enterprises Inc. is pleased to announce today that Southridge Minerals, Inc., its wholly owned subsidiary, has now engaged new OTCBB up-listing consultants and investment firm Magna Group Capital Management, LLC. Magna will coordinate leading professional services and utilize established industry contacts to substantially reduce the timeline to complete the up-listing process. Magna has also has committed up to $5,000,000 in capital funding for the Company upon completion of the up-listing process.

Major Potential for Major Drilling

As a fastidious observer of the mining industry at large, I have detected what I believe is a particularly promising investment opportunity in a segment of the industry that receives little fanfare. By facilitating the discoveries and mineral expansions that directly drive growth and development, the providers of contract drilling services have a key role to play in the long-term bull market for copper, gold, coal, and a host of mined commodities. Of those service providers, Major Drilling is a very major force with a worldwide fleet of more than 700 rigs.

We are world leaders in testing, inspection and certification services. We are present in all sectors of the economy with solutions and services that enhance the business, avoiding risks, improving operational performance and protecting the reputation and brand of our clients.

Layne, A Granite Company, provides sustainable solutions for water resources and mineral exploration. Originally established in 1882, Layne offers a rich history of delivering safe, professional, and reliable water and minerals solutions throughout North and South America. Granite acquired Layne and its subsidiaries in the fall of 2018, to further Granite’s strategy to grow through acquisition and diverse end market expansion.