Day: January 8, 2014

Canasil Appoints Iain MacPhail as Director

Canasil Resources Inc. is pleased to announce that Mr. Iain MacPhail has agreed to serve as a director of the Company. Mr. MacPhail has previously served as Chief Financial Officer of the Company and is currently an advisor to the Board. He was Chief Financial Officer of Far West Mining Ltd. from September 2004 to June 2011, during the period that Far West raised approximately $50 million for the exploration and development of its projects in Chile, Argentina and Australia until the acquisition of Far West in June 2011 by Capstone Mining in a transaction valued at $725 million. A Chartered Accountant, Mr. MacPhail served as a principal of a public accounting practice in Vancouver, B.C., from 1988 to 2007, prior to which he specialized in the tax practices of two major accounting firms in Vancouver and Toronto. He has been an officer, director and Chief Financial Officer of several private and public resource companies where his responsibilities included finance, administration and regulatory reporting.

Vendome Announces Closing of Non-Brokered Private Placement Financing

Vendome Resources Corp. is pleased to announce the closing of its non-brokered private placement offering on January 3, 2014, pursuant to which an aggregate of 2,850,000 units were sold at a price of $0.05 per Unit, raising gross proceeds of $142,500. Each Unit consists of one common share and one common share purchase warrant. Each common share purchase warrant entitles the holder to purchase one common share of the Company at a price of $0.10, if the warrant is exercised within the first 12 months from the closing date and at a price of $0.15 for an additional 6 month period.

First Majestic’s Del Toro Silver Mine Pours Silver Doré

The first silver doré bar production at First Majestic’s T.FR Del Toro Silver Mine in Zacatecas, Mexico was announced December 4, 2013. In making that announcement, First Majestic CEO Keith Neumeyer stated, “The commencement of silver doré production at Del Toro is another significant milestone for First Majestic this year. The Del Toro Silver Mine continues to be a substantial growth driver for the Company as silver production ramps up from this new mine. With the plant construction nearly complete, this achievement puts First Majestic on track to reaching its tenth consecutive year of growth in silver production.”

Cortez Closes Tranche 1 of Private Placement

Further to its previous news releases, Cortez Gold Corp announced today that it has closed Tranche 1 of its non-brokered private placement with the issuance of 3,512,500 Units priced at $0.20 per Unit, for gross proceeds of $702,500.

Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team alone.

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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.