Year: 2013

Fortunate Sun Mining Announces Consolidation of Shares

Fortunate Sun Mining Company Ltd. advises that the Board of Directors has passed a Director’s Resolution in accordance with the Amended TSX-V Policy 5.8, Company Articles and Corporate Law to consolidate the shares of the company at an 8:1 ratio. This consolidation will reduce the issued and outstanding shares of the Company from 24,977,500 to 3,122,188 shares. The Company has made application to the TSX-V for approval of this Resolution. The Board of Directors feels that is imperative to consolidate the shares in order to attract new projects, management and funding.

Amarium Initiates Exploration Program at Jovita

Amarium Technologies Inc. released today that it has initiated an exploration program at their Jovita Mine. The initial phase of exploration at Jovita will be to expand their current trenching program along the Northwest corridor of the property. The Jovita Mine is a producing copper mine in Michoacán, Mexico with a 40 ton-per-day (tpd) flotation mill located on the property.

Pan American Conducts Strategic Review of Operations to Advance Cieneguita Project

Pan American Goldfields Ltd. today announced that, at the request of the Company’s Board of Directors and following the annual meeting of shareholders as detailed in the Company’s press release dated June 28, 2013, the Company has been active in conducting a strategic review of operations and management to take the Cieneguita Project forward. The new board, led by Mr. Emilio Alvarez, is conducting a process to build a team to deliver on the Company’s three prime goals:

El Tigre Silver Files Updated NI 43-101 Prefeasibility Study and Resource Estimate on SEDAR

El Tigre Silver Corp. is pleased to announce the filing on SEDAR of its National Instrument 43-101 Preliminary Feasibility Study for the El Tigre Silver & Gold Project, Municipio De Nacozari De Garcia, Sonora, Mexico on the El Tigre silver and gold project in Sonora, Mexico. The report was prepared by Hard Rock Consulting. The PFS supersedes the “National Instrument 43-101 Technical Report, El Tigre Silver Property, Municipio De Nacozari De Garcia, Sonora, Mexico” prepared by Thomas R. Gibson, P. Geo and filed on SEDAR on October 28, 2011.

Gold Reserve Inc. Announces Private Placement

Gold Reserve Inc. announces that it intends to complete, subject to the approval of the TSX Venture Exchange, a non-brokered private placement with certain significant shareholders of the Company for gross proceeds of US $5,250,000 consisting of 1,750,000 units of securities of the Company at a price of US $3.00 per Unit. Each Unit comprises one Class A common share of the Company and one-half of one Common Share purchase warrant, with each Warrant exercisable by the holder for a period of 2 years after its issuance to acquire one Common Share at a price of US $4.00 per share. The proceeds will be used by the Company for general working capital purposes.

Mammoth Announces Second Tranche Private Placement Closing on $163,500

Mammoth Resources Corp. would like to announce a second tranche closing of $163,500 in additional subscriptions for total proceeds of $270,620 on its previously announced private placement financing to include up to 10,000,000 units of the Mammoth’s shares at a price of $0.05 per Unit to raise gross proceeds of up to $500,000. Each Unit will be comprised of one common share of the Company and one common share purchase warrant. 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.

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