Month: November 2013

Coeur Mining, Inc. Creates Coeur Capital, Inc. and Announces Definitive Agreement to Acquire Global Royalty Corp.

Coeur Mining, Inc. today announced the formation of a new wholly-owned subsidiary, Coeur Capital, Inc., which will hold Coeur’s existing and any future-acquired royalty and streaming interests along with its portfolio of strategic equity investments. Increasing Coeur’s interests in royalties and streams through Coeur Capital is expected to provide the Company’s stockholders with higher-margin, less volatile free cash flow, diversified metal exposure, and future avenues for growth.

Quaterra Extends Option Agreements on Two Central Mexico Projects

The two projects are located in the highly prospective Mexican silver belt. Microondas is an epithermal gold-silver prospect in Zacatecas State, 30 miles northwest of the Fresnillo silver mine, covering over 11,000 acres (about 17 square miles). Santo Domingo is a large copper – gold system in Durango State, 40 miles northeast of the Pitarilla silver property, situated within a 26,700 acre (41.7 square miles) claim block.

Goldgroup Announces Resignation of Director

Goldgroup Mining Inc. today announced that Dr. Hans von Michaelis has resigned as a non-executive director of the Company. Mr. von Michaelis is resigning for personal reasons and the Company would like to thank him for all of his contributions. We wish him well on his future endeavours.

Tarsis Arranges $300,000 Financing

Tarsis Resources Ltd. is pleased to announce that the Company has arranged a private placement of 4 million units at 7.5 cents to raise $300,000. These funds will be used to advance Tarsis’s current projects and for general working capital. Larger project based exploration expenditures will be sought through additional option partnerships.

Kimber Announces Take Up for Shares and Changes to the Board of Directors and Management

Further to the press release dated November 15, 2013, Kimber Resources Inc. announces that Invecture Group S.A. de C.V. has taken up and paid for 62,902,631 Common Shares that were tendered to the take-over bid offer by Invecture dated October 10, 2013 at a price of Cdn$0.15 in cash per Common Share. As a result of the take up and payment for the Common Shares deposited to the Offer, Invecture now owns 82,902,631 Common Shares, representing approximately 79.2% of the issued and outstanding Common Shares. Invecture intends to acquire the balance of the Common Shares by way of a subsequent acquisition transaction under the procedures available under the Business Corporations Act.

Orex Minerals Inc. Closes Non-Brokered Private Placement

Orex Minerals Inc. announces that it has closed its previously announced non-brokered private placement for aggregate gross proceeds of CAD $1,686,600. The Offering consisted of 6,786,400 units at a price of $0.25 per unit, with each unit consisting of one common share and one-half of a transferrable common share purchase warrant. Each whole Warrant will be exercisable for one common share at $0.30 for a period of two years expiring November 21, 2015.

Freyja Resources Inc Begins Exploration Program at Las Cristinas

Freyja Resources Inc. announced today that it has begun the exploration program on its recently acquired Las Cristinas copper/silver project located in Northeastern Chihuahua State, Mexico. This important milestone comes on the heels of the recently completed acquisition of 100% of the shares of Cyprium Mining Corporation by Freyja on October 23, 2013.

Minaurum Renegotiates Financing with Global Resources Investment Ltd.

Further to its News Release dated October 3, 2013, Minaurum Gold Inc. announces that it has renegotiated its share exchange agreement with Global Resources Investment Ltd., an arm’s length party to Minaurum. Minaurum will now subscribe for 571,325 GRIT shares at a deemed value of one British pound per GRIT share in exchange for the issuance of 10 million share of Minaurum at a deemed price of 0.0571 British pound per unit (this equals approximately CDN$0.095) There are no warrants issued in connection with this financing. Minaurum will sell the shares it receives to realize the private placement proceeds.

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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