Month: September 2013

El Tigre Silver Corp. Announces Closing of First Tranche of Private Placement

El Tigre Silver Corp. is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement of 800,000 units of the Company at a price of 0.25 per Unit for aggregate cash proceeds of 200,000. 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 24 months from the date of issue at a price of 0.38, provided that, if over a period of 20 consecutive trading days after the expiry of the hold period on the warrants, the daily volume weighted average trading price of the common shares of the Company on the TSX Venture Exchange (or such other stock exchange on which such shares are listed) is greater than 0.50, then at the Company’s discretion, it may, within10 days of such 20 day period, accelerate the expiry date of the Warrants to a date 30 days after the date of the notice.

Bandera Announces $250,000 Private Placement

Bandera Gold Ltd. announced today a proposed non-brokered private placement of up to of 5,000,000 units of Bandera at a price of $0.05 per unit, for proceeds of up to $250,000. Each unit will consist of one common share and a half warrant. Each whole warrant entitles the holder to purchase an additional common share at a price of $0.05 per share for a period of two years from closing of the private placement.

First Mexican Shares for Debt

First Mexican Gold Corp., further to the Company’s news release of September 4, 2013, the Company is pleased to announce it has received TSX Venture Exchange approval for and closed its shares for debt of 1,100,000 shares to satisfy debt in the amount of $55,000.

Mexus Gold US Mining Update

Mexus Gold US, Mexus Enterprises S.A. de C.V. executed a contract on September 19, 2013 with Bylsa Drilling S.A. de C.V. of Hermosillo, Sonora, Mexico to do a reverse circulation drilling program on our newly acquired San Felix Mine Concession.

Arco Reduces Land Holdings to Preserve Treasury

Arco Resources Corp. announces that due to ongoing concerns regarding access, it has elected to relinquish its Cuatro Venados property rather than continuing to pay ongoing tax and maintenance payments in order to reserve sufficient funds in its treasury to support its Taviche silver-gold project.

Big North Graphite Cancels $200,000 Private Placement

Big North Graphite Corp. announces that it has cancelled its previously announced expedited private placement of 2,666,667 units for gross proceeds of $200,000. The proceeds received by the Company in connection with the Offering have been returned to the subscriber.

Sierra Metals announces appointment of Igor Gonzales to the Board of Directors

Mr. Gonzales is originally from Peru and has more than 30 years of experience in the mining industry. He is currently a member of the Board of Directors of HudBay Minerals Inc. From 1998 to 2013, Mr. Gonzales was with Barrick Gold Corporation, most recently as Executive Vice President and Chief Operating Officer. Between 1980 and 1996, Mr. Gonzales served in various roles with Southern Peru Copper Corporation.

Mammoth Announces Third Tranche Private Placement Closing on $554,120

Mammoth Resources Corp. would like to announce a third tranche closing of $283,500 in additional subscriptions for total proceeds of $554,120 on its previously announced private placement financing to include up to 10,000,000 units of the company’s shares at a price of $0.05 per Unit. Each Unit will be comprised of one common share of the Company and one common share purchase warrant. Each Warrant will entitle the holder to acquire an additional common share of the Company for a period of 24 months from the date of issue at a price of $0.08 per common share for the first 12 months and $0.10 per common share for the following 12 months as permitted by TSX-V regulations.

Our expertise in mining places us at the forefront of the industry. We are readily available with an international service.

All News

Our expertise in mining places us at the forefront of the industry. We are readily available with an international service.