Month: December 2013

Kimber Announces Agreement to Proceed With Subsequent Acquisition Transaction

Further to its press releases dated November 15, 2013 and November 21, 2013, Kimber Resources Inc. is pleased to announce that the Company has entered into an arrangement agreement with Invecture Group, S.A. de C.V. pursuant to which Invecture has agreed to acquire all of the common shares of Kimber not already owned by Invecture or its affiliates by way of a plan of arrangement under section 288 of the Business Corporations Act (British Columbia).

Excalibur Begins Development of New High-Grade Natas Gold Vein at the Catanava Property

Excalibur Resources Ltd. is pleased to report sample results from the recently initiated development of the Natas Vein at its 49% Catanava Property (60% pending the closing of October 8, 2013 deal with Minera Apolo), after recent work in the mine confirmed the continuity of high-grade gold-silver mineralization in this area. This vein is exposed at surface less than 100 meters east of the plant and will be connected with the southwest extension of the Camino adit. It was first mapped and sampled in 2012 by the Company with good results.

Goldcorp declares twelfth monthly dividend payment for 2013

Goldcorp Inc. is pleased to declare its twelfth monthly dividend payment for 2013 of $0.05 per share. Shareholders of record at the close of business on Thursday, December 12, 2013 will be entitled to receive payment of this dividend on Friday, December 20, 2013.

NWM Updates Status of Previously Announced Debt Extension, Now Extended to January 31, 2014

NWM Mining Corporation announces that it has extended the due date of the current debt outstanding from November 30, 2013 to January 31, 2014. The extension provides a further two months (see the Company’s press releases dated October 31 and October 1, 2013) for the ongoing negotiations to be concluded with the Company’s lender (Renvest Mercantile Bancorp through its Global Resources Fund), as set out in the Company’s press release dated June 14, 2013. All other terms as were announced previously remain in place including the September 30, 2014 maturity date for the amended and restated credit agreement.

Cortez Gold Corp.: Debt Facility Under Negotiation

Cortez Gold Corp. reports that it is negotiating a debt facility for Cdn$2 million with various European financiers. The Company hopes to finalize the Loan with a 24-month term, with no payments required until after the 18th month following the effective date of disbursement of the Loan funds. After the 18th month, a payment of interest only will be due and payable (covering interest for the 18 months that the Loan will have been outstanding), and interest payments shall continue thereafter on a monthly basis until the end of the term. At the end of the term, the principal amount plus any outstanding interest will be due and payable.

Drilling Commences at Cascada & Porphyry Copper Targets

Azure Minerals Limited is pleased to announce diamond drilling is underway at the Cascada copper prospect and associated porphyry copper targets on the Promontorio Project located in the state of Chihuahua, Mexico.

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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.