Month: December 2013

Candente Gold Corp. is pleased to announce, subject to regulatory approval, that it has agreed to carry out a non-brokered private placement of approximately 10,000,000 common shares at a price of Cdn$0.05 per common share to raise gross proceeds of up to Cdn$500,000.

Santacruz Silver Mining Ltd. is pleased to announce the results of the maiden NI 43-101 Resource Estimate for its Gavilanes silver project located in San Dimas, Durango, Mexico. Based upon a 75 gram per tonne silver equivalent cut-off, the resources on three of seven known veins, Guadalupe, Descubridora and San Nicolas, as well as the El Hundido stockwork are as follows:

Osisko Mining Corporation is pleased to announce that it has completed the final agreements with CPPIB Credit Investments Inc., a wholly-owned subsidiary of the CPPIB Investment Board, the Caisse de dépôt et placement du Québec and Ressources Québec, a subsidiary of Investissement Québec, to modify certain terms of its long-term debt facilities.

VVC Exploration Corporation announces having arranged a debt financing with Palos Merchant Fund LP. in the amount of $50,000 which bears interest at 15% per year and is secured by a Promissory Note and 5 million shares of the Company held by the Company’s subsidiary, Camex Mining Development Group Inc. Palos is a significant shareholder of VVC holding 32,706,922 shares of the Company.

Source Exploration Corp. announces that in connection with its previously announced non-brokered private placement of up to 5,000,000 units of the Company at a price of $0.075 per Unit for gross proceeds of up to $375,000, the Company will pay a finder’s fee to certain arm’s length parties of up to 6% of the gross proceeds of the Offering that are sold to subscribers introduced by such parties, payable in cash or common shares of the Company, in consideration for their efforts in introducing subscribers to the Company. The finder’s fee payments are subject to the approval of, and will be made in accordance with, the rules of the TSX Venture Exchange.

Alta Vista Ventures Ltd. is pleased to announce that final approval has been received from the TSX Venture Exchange for the first tranche of its previously announced non-brokered private placement in the Company at a price of $0.05 per Unit. The first tranche is 1,280,000 Units for gross proceeds of $64,000. A unit consists of one common share and one non-transferable common share purchase warrant valid for two years. Each warrant will entitle the holder to purchase one additional common share at a price of $0.075 for the first year and $0.10 for the second year. The warrants will expire on December 11, 2015. The shares forming part of the units and the shares acquired on exercise of the warrants are subject to restrictions on resale until April 12, 2013.