Day: June 14, 2013

NWM Announces Debt Extension and Embarks on New Direction under New Leadership

NWM Mining Corporation is pleased to announce that it has reached an agreement on terms for an extension of the due date on the Company’s current debt facility of $18,500,000 USD from June 2013 to September 2014 and reduced the effective interest rate on the principal from 15% to 12.5% per annum. The revised interest rate has the potential to reduce interest payments over the period by approximately $500,000 USD. In order to fully extend the loan until September 30, 2014, there are several conditions which must be satisfied by September 30, 2013.

Aurcana Amends Warrants Expiring June 30, 2013

Aurcana Corporation announces that the Company will be amending theterms of certain outstanding common share purchase warrants which were issued as part of a private placement of unitsthat closed in June and July of 2010. An aggregate of 293,750 Warrants are outstanding, each of which, on a pre-amendment basis,entitles the holder thereof to acquire one common share of theCompany at an exercise price of 3.20 until June 30, 2013.

Revolution Agreement with Minera Rio Tinto Terminated

Revolution Resources Corp. is announcing the agreement to sell the Concepción property to Minera Rio Tinto, S.A. DE C.V. is being terminated. As per the agreement, there was a 60 day due diligence period for each party, and both parties agreed they will not complete the agreement. Terms from the original agreement can be found in Revolution’s news release dated April 30th, 2013.

Mexus-Trinidad Operations

Mexus’ Paul Pelke has started on the 43-101 report. Drilling to start soon on our target of proven reserves. Mexus plans to restart production approximately 7-1-2013.

Minaurum Closes First Tranche of Non-Brokered Private Placement

Minaurum Gold Inc. is pleased to announce that further to its news release of April 12, 2013, it has closed the first tranche of its non-brokered private placement of 2,104,400 Units at a price of $0.10 per Unit for gross proceeds of $210,440. A four month hold has been placed on these securities expiring on October 13, 2013. Insiders of the company have subscribed for a total of 76% of the financing.

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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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.