Month: July 2013

Lincoln Mining Receives $350,000 Loan

Lincoln Mining Corporation announces that further to its news release dated June 18, 2013, it has received an additional C$350,000, unsecured demand loan from Prairie Enterprises Inc. to fund Lincoln’s current working capital requirements. PE is owned and controlled by Edward Yurkowski, who is a director of the Company.

Highvista Gold Inc. Completes $963,000 Financing and Enters Into Option and Joint Venture Agreement

Highvista Gold Inc. is pleased to report that it closed a non-brokered private placement financing for gross proceeds of $963,000 through the issuance of 4,815,000 units of the Company to AuRico Gold Inc. at a price of $0.20 per Unit. Each Unit consists of one common share of the Company and one-half of one common share purchase warrant, each whole Warrant entitling AuRico Gold to purchase one common share at an exercise price of $0.25 per share until June 28, 2015. The securities comprising the Units are subject to a statutory hold period that will expire on October 29, 2013.

Payment of CDN$14.85 million Received in Court Litigation

First Majestic Silver Corp. is pleased to announce that further to its news release on April 26, 2013, the Company has received payment in the amount of CDN$14.85 million as partial payment of the judgment of US$93.84 million granted in favour of First Majestic against Hector Davila Santos and Minerales y Minas Mexicana, S.A. de C.V. Judgment was initially awarded in the amount of US$86.9 million but was subsequently increased to US$93.84 million to correct an error in the prior assessment. The monies received on June 28th were previously held in a trust account of Hector Davila’s Vancouver lawyers.

Cayden acquires 36,700 hectares around El Barqueño

Cayden Resources Inc. is pleased to announce that it has acquired the 100% interest or the option to earn a 100% interest in two concessions totaling 36,700 hectares around the company’s El Barqueño concession.

Yamana Gold to Cancel Listing in London on July 30

Yamana Gold Inc. (YRI.T), said Tuesday that it has requested the U.K Listing Authority to cancel the listing of the Company’s common shares of no par value on the U.K. Official List and to cancel the admission of the Common Shares to trading on the London Stock Exchange’s main market for listed securities.

Mexus-Trinidad J.V.

President Paul Thompson states that its reorganization is being completed with the hiring of expert help in the different areas needed to operate the mine efficiently and profitably. To help with the matter, Mr. Thompson is scheduled to meet with a group or professional individuals representing various mining companies and other mine related industries 7/3-7/7/2013 in Phoenix, AZ.

Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team alone.

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