Kootenay Silver says it has bolstered its management team with the appointment of Kristian Whitehead as project manager of its Promontorio silver project in Sonora, Mexico.
The agreement was entered into on March 3rd, 2010 between the Company’s Mexican subsidiary, VicRes Mining Mexico S.A. de C.V., and collectively, Aztec Zinc de Mexico S.A. de C.V. and Copper Canyon S.A. de C.V. The terms of the Agreement included a schedule of payments and work programs to earn its 70% interest. The Company successfully completed the terms by paying to the Owners $300,000 and issuing a total of 14,000,000 common shares. The Company was also required to conduct work programs aggregating $2,500,000. As part of the terms of the agreement, the company will now proceed to enter into a joint venture agreement reflecting the 70% undivided interest of the Reforma property.
Coeur d’Alene Mines Corp offered to buy Orko Silver Corp, topping a bid from First Majestic Silver Corp and opening a race for control of one of the world’s largest undeveloped silver deposits.
Coeur dAlene Mines Corporation today announced that it is offering to repurchase all of its outstanding 3.25% Convertible Senior Notes due 2028. As of February 12, 2013, there was $48,658,000 aggregate principal amount of Notes outstanding.
International Northair Mines Ltd. is pleased to provide a review summarizing the project and corporate highlights completed by the Company on its La Cigarra silver project, located in north central Mexico. Also included is a timeline outlining key objectives of the Company’s Strategic Plan for the current 2013 calendar year.
Coeur dAlene Mines Corporation today confirmed that it has submitted a binding proposal to acquire all of the issued and outstanding common shares of Orko Silver Corp. in a transaction with a total value of approximately CAD$384 million. Orko today announced that its Board of Directors has unanimously determined, after receiving the advice of its financial and legal advisors, that Coeurs Proposal constitutes a Superior Proposal pursuant to its arrangement agreement with First Majestic Silver Corporation. Orko has provided notice of such determination to First Majestic. Orko also announced that under the arrangement agreement, First Majestic now has five business days, expiring at 11:59 p.m. PST on Tuesday, February 19, 2013, to offer to amend the terms of that agreement to match Coeurs Proposal, failing which Orko will terminate the arrangement agreement with First Majestic and enter into a definitive agreement with Coeur reflecting Coeurs Proposal.
Orko Silver Corp. announces that it has received a binding proposal from Coeur d’Alene Mines Corporation for the acquisition by Coeur of all of the issued and outstanding common shares of Orko by way of a plan of arrangement. The Board of Directors of Orko has unanimously determined, after receiving the advice of its financial and legal advisors, that the Coeur Proposal constitutes a “Superior Proposal” pursuant to the arrangement agreement between Orko and First Majestic Silver Corp. originally announced on December 16, 2012 and has provided notice of such determination to First Majestic.
Aurcana Corporation is pleased to announce that is proposing a consolidation of its issued and outstanding common shares on the basis of one (1) post-consolidation common share for every eight (8) pre-consolidation common shares.
Endeavour Silver Corp. is pleased to review its corporate sustainability activities and accomplishments in 2012 and its sustainability short term plans and goals for 2013.
Golden Minerals Company today provided a summary of its 2013 operating plan, projecting increased production in 2013 and positive gross margin at the Velardena Operations commencing in the third quarter, and of its program to define longer term operating and expansion plans for Velardena. The Company also announced its intent to solicit a partner to advance its El Quevar property in Salta, Argentina and to reduce El Quevar holding costs.
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