Month: December 2013

Yamana Gold Inc. (AUY) Ex-Dividend Date Scheduled for December 27, 2013

Yamana Gold Inc. will begin trading ex-dividend on December 27, 2013. A cash dividend payment of $0.065 per share is scheduled to be paid on January 14, 2014. Shareholders who purchased AUY stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 6th quarter that AUY has paid the same dividend. At the current stock price of $8.74, the dividend yield is 2.97%.

IMPACT Silver Resumes Ownership of the Veta Grande Silver Project in Zacatecas, Mexico

IMPACT Silver Corp. announces today that it has resumed control of the Veta Grande Silver Project assets, which consist of the 200-tonne-per-day Santa Gabriela processing plant and mineral concessions in the Zacatecas Silver District in central Mexico. Defiance has advised IMPACT that it would be returning the Zacatecas assets, which were optioned to Defiance in 2011.

Oceanus Resources Corporation Issues Shares for Debt

Oceanus Resources Corporation announces that the Company, in accordance with the terms of TSX Venture Exchange Policy 4.3 – Shares for Debt, will issue common shares of the Company to settle outstanding debt for legal fees in the amount of $79,227.95 and issue common shares of the Company to settle outstanding debt for geological services in the amount of $18,000.00. This issuance of common shares for debt is subject to the approval of the Exchange, disinterested shareholder approval and any other required regulatory approval.

Defiance To Focus on Expanding Existing Resource Base, Drops Santa Gabriela Plant Option

Defiance Silver Corp is pleased to announce that it has decided to focus its efforts on the exploration and expansion of the San Acacio silver mine in Zacatecas for which Defiance has an option to acquire a 100% interest. The San Acacio Mine controls over 65% of the Veta Grande Vein which has historically produced in excess of 200 million oz. of silver. In addition to its current resource within the existing mine workings, Defiance has outlined a number of targets that based on historical drilling and sampling results, appear to be both larger and higher grade than initially anticipated.

SilverCrest Files La Joya Preliminary Economic Assessment Report

SilverCrest Mines Inc. is pleased to announce that the Preliminary Economic Assessment Report for the Company’s La Joya Silver Copper Gold Project has been filed with the Canadian securities regulators and is available under the Company’s profile on SEDAR at www.sedar.com . The results of the PEA were previously announced in the Company’s news release dated October 21, 2013.

Lone Star Gold, Inc. purchases Channeland Entertainment Group, Inc. and appoints Mark Townsend as CEO

Lone Star Gold, Inc. announces the acquisition of Channeland Entertainment Group, Inc., a media production company with operations providing music, film, video, and television recording services globally. As part of the acquisition, the Company appointed Mark G. Townsend as Chairman of the Board of Directors and Chief Executive Officer and Scott A. Hepford as Director and Chief Operating Officer.

Morro Bay Capital Announces Receipt of Conditional Exchange Acceptance of Transaction and Entering Into of Formal Agreements

Morro Bay Capital Ltd., a capital pool company is pleased to announce that it has received conditional acceptance from the TSX Venture Exchange for its Qualifying Transaction (as that term is defined in Policy 2.4 – Capital Pool Companies of the Exchange) with Sierra Madre Developments Inc. previously announced on October 22, 2013. The conditional approval of the Transaction by the Exchange is subject to a number of conditions, including the completion of a private placement financing resulting in gross proceeds of not less than $500,000, receipt of a satisfactory title opinion in relation to the Penoles Project (as defined below), confirmation from Richardson GMP, agent for the private placement Morro Bay must complete, that it has completed appropriate due diligence in relation to the Transaction and the Morro Bay Information Circular (as defined below), satisfactory completion of background searches of the proposed directors of Morro Bay, and disinterested shareholder approval. Additional conditions common for transactions of this nature must also be satisfied.

El Tigre Silver Announces Agreement With Hard Rock Consulting, LLC

El Tigre Silver Corp. is pleased to announce the appointment of Hard Rock Consulting, LLC of Lakewood Colorado as a strategic advisor for its mining activities and to assume the duties of the Company’s Qualified Person as defined in National Instrument 43-101. The Company currently owns 100% of 9 mining concessions, 8 comprising 21,500 hectares (215 square kilometres) located in the Sierra El Tigre, northeastern Sonora State in Mexico.

Revolution Resources Applies to List on the TSX Venture Exchange

Revolution Resources Corp. announces that the Company has applied to list the common shares of the Company on the TSX Venture Exchange utilizing the streamlined listing procedure available to issuers whose shares are listed on the TSX. If the Company’s application is accepted, the transition to the TSX-V is anticipated to occur in January 2014 with no disruption in trading. Approval for the listing of the Company’s shares on the TSX-V remains subject to completion of the application process and the Company meeting all applicable TSX-V listing requirements.

Baja Mining Corp.: Boleo Project Schedule and Corporate Update

Baja Mining Corp. wishes to provide an update on the Boleo Project construction schedule and the SRK Boleo technical report, based on the latest information provided to it by Minera y Metalúrgica del Boleo, S.A.P.I. de C.V. Baja holds a 10% ownership interest in MMB and has retained one representative on the five-member MMB board of directors and, as a result, has limited influence over decisions relating to the Project. In addition, the Company provides a status update on its separate Cinto Colorado tailings and slag recovery project, as well as the TSX listing review.

Mammoth Announces Final Private Placement Closing on $606,370, Provides Update on Exploration Activities

Mammoth Resources Corp. would like to announce the final closing of a total of $606,370 on its previously-announced private placement financing, having closed on a further issuance of 905,000 at $0.05 each for additional proceeds of $45,250. Each Unit will be comprised of one common share of the Company and one common share purchase warrant and 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 from the 13(th) to the 24(th) month. In aggregate, the Company has issued 12,187,400 Units and raised gross proceeds of $606,370 in the Private Placement, taking into account the Units issued and $554,120 raised in previous tranches as announced on September 19, 2013.

Marlin Gold Provides Status Update Of Its La Trinidad Mine Development In Sinaloa, Mexico

Marlin Gold Mining Ltd. has completed construction of the mine infrastructure, laboratory, and other support mine buildings at its La Trinidad Mine in Sinaloa, Mexico. In addition, mechanical completion of the crushing plant and conveyor stacking system, ADR, carbon processing and refinery are materially complete. Electrical installation is in process.

Marlin Gold Mails Take-Over Bid To Animas Resources Ltd. Shareholders

Marlin Gold Mining Ltd. announced today that it has filed a formal offer to acquire all of the outstanding shares of Animas Resources Ltd. with Canadian securities regulators and the Securities Exchange Commission and has mailed its offer and related documents to Animas shareholders.

Riverside Resources Signs Agreement to Option the Coatan Gold Project to Paget Southern Resources for Payments and Work Program

Riverside Resources Inc. is pleased to announce that through its wholly owned subsidiary, Riverside Resources Mexico, S.A. de C.V., the Company has signed an agreement with Paget Southern Resources S. de R.L. de C.V., a wholly owned subsidiary of Pembrook Mining Corp., granting Paget the option to earn up to a 100% interest in the Coatan Gold Project. In order to earn an initial 70% interest, Paget will have to incur $1,800,000 in exploration expenditures over four years and make $27,460 in cash payments to Riverside. Upon exercising the Initial Option, Paget will have the option to acquire the remaining 30% by paying $1,500,000 in cash to Riverside within one year. In the event that Paget acquires a 100% interest in the Project, Riverside would retain a 2% Net Smelter Return royalty, or if either party’s interest falls below 10% it will be converted to a 2% NSR.

Chesapeake Announces Director Appointments

Chesapeake Gold Corp. is pleased to announce the election of Ms. Lian Li as a new director at the Company’s Annual General Meeting held Wednesday and the appointment of Mr. Greg D. Smith as a new director by the Board of Directors following the Annual General Meeting.

Agnico Eagle announces investment in Pershimco Resources Inc.

Agnico Eagle Mines Limited today announced that it has agreed to subscribe for 19,800,000 units of Pershimco Resources Inc. in a private placement at a price of C$0.47 per Unit for total consideration of C$9,306,000. Each Unit is comprised of one common share of Pershimco and one common share purchase warrant of Pershimco. Each Warrant entitles the holder to acquire at any time one Common Share at a price of C$0.54 for a period of two years from the closing date. The closing of the private placement is subject to the satisfactory completion of due diligence, regulatory approval and other conditions and is scheduled to occur on or about January 10, 2014.

American Consolidated Minerals Corp.: Results of AGM

American Consolidated Minerals Corp. reports that at its Annual General Meeting held on December 13, 2013, shareholders elected Messrs. Robert Eadie, Gary Arca, Allan Fabbro, Ken Sumanik, David Gunning, Richard Kern, Herb Duerr and Robert Sibthorpe as directors for the ensuing year.

Caza Gold Announces Change to the Board of Directors

Greg Myers, CEO and President of Caza Gold Corp. advises that Bradford Cooke has stepped down as Chairman of the Board and has submitted his resignation as a Director of the Company. The Company thanks Bradford for his services and wish him the best with his other commitments.

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