Month: December 2013

Canasil Closes $96,300 Second Tranche of Non-brokered Private Placement

Canasil Resources Inc. announces closing of the second tranche of the non-brokered private placement announced on December 3, 2013, for gross proceeds of $96,300 consisting of 1,070,000 units at an exercise price of $0.09 per unit as detailed below. No commission or finder’s fee is payable with respect to this tranche of the placement, which is subject to final approval by the TSX Venture Exchange (“the Exchange”). Together with the previously announced first tranche of 3,000,000 units which closed on December 6, 2013, a total of 4,070,000 units have now closed.

Del Toro Silver Corp. : FILES (8-K) Disclosing Unregistered Sale of Equity Securities

On December 18, 2013, Del Toro Silver Corp. (the “Company”) entered into a Securities Purchase Agreement (the “Agreement”) with Asher Enterprises, Inc. dated December 18, 2013 (the “Issue Date”). Under the terms of the Agreement the Company issued an 8% convertible promissory note, in the principal amount of $31,500 (the “Note”), which Note matures on September 20, 2014 and may be converted into shares of the Company’s common stock at any time after 180 days from the Issue Date, subject to adjustments as further set out in the Note. The conversion price shall be at a variable conversion rate of 50% multiplied by the market price, being the average of the lowest three trading prices for the Company’s common stock during the 10 trading day period ended on the latest complete trading day prior to the conversion date, subject to adjustments as further set out in the Note.

VVC Exploration Provides Mexican Projects Update

VVC Exploration Corporation is pleased to announce that the December 6, 2013 edition of the Juarez Journal in Juarez, Chihuahua State, MX., reported that the head of the National Commission of Natural Protected Areas, Luis Fueyo MacDonald, “promised to make adjustments to the Program Management Protected Area to allow Samalayuca Copper Mining Company to start exploration and exploitation of their Kaity claim.” The property is located in northern Chihuahua State, MX., approximately 60 km to the south of Juarez. This is one of the last hurdles in our process of obtaining all the necessary permits for the start of production at the Samalayuca copper project.

Avino Announces At-The-Market Offering

Avino Silver & Gold Mines Ltd. today announced that it has filed a prospectus supplement under which it may sell up to US $5,750,000 of its common shares from time to time through Cantor Fitzgerald & Co., as sale agent.

UC Resources Prepares for Hard Rock Mining

UC Resources reports that mill operations at the Company La Yesca site have been closed during the Christmas holiday season and will be kept on temporary hold in a state of care and maintenance. In the new calendar year the Company will prepare for Hard Rock mining at its Xora Concession. With reducing silver prices and the grade that exists within the tailings on site, it has been determined that a concentration on the higher grade material is the best choice for Company profitability. The Company cannot continue to consistently lose capital though arduous efforts in an attempt to get mill operations running effectively, using the existing feed at the La Yesca location. The Company has not been able to run the mill at La Yesca profitably and with poor precious metal market conditions, depressed gold and silver pricing and lower recoveries from the tailings themselves, Company focus has shifted to the higher grade hard rock material.

Animas Responds to GoGold proposal to Acquire Animas

Animas Resources Ltd. announces that, as previously announced by GoGold Resources Inc. in its press release of today’s date, GoGold intends to make an offer to acquire all of the outstanding common shares and warrants of the Company for $0.15 per common share.

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