Month: February 2014

“We are pleased to report that La Negra once again delivered another year of increased silver equivalent production, outperforming 2012 by 14%. I want to thank our team at La Negra for their continued efforts in achieving another successful year of growth in production. La Negra team has also delivered by replacing and expanding the current reserves through a focused program of underground development and diamond drilling,” commented Mr. Lenic Rodriguez, Aurcana’s President & CEO. “We continue to improve operations and look to further increase production in 2014 to between 3.75 to 4.1 million ounces of silver equivalent, a potential increase of more than 40% over 2013. Looking ahead, production planning has already commenced for 2015 at La Negra and the goal is to reach 3,800 tpd production based on continuing technical and financial studies.”

Structural progress despite operational challenges in mining

Ernesto Echavarria wishes to announce that on February 4th, 2014, he acquired, by way of a private placement, 2,500,000 units of Soltoro Ltd. at a price of $0.10 per Unit.

US Precious Metals, Inc. is pleased to announce that on January 30, 2014 it entered into an agreement with Resource Technology Corp. to restructure their pre-existing contract.

Silver Shield Resources announced today that it has appointed Mr. Steve Mlot as Non-Executive Director effective immediately, and that Mr. John Grounds has resigned from the Board of Directors. Mr. Frank Kordy stated: “On behalf of the Board of Directors, we want to thank Mr. Grounds for his contributions and want to wish him well in his future endeavours.”

Freyja Resources Inc. is pleased to announce that the Corporation has entered into a share exchange arrangement with Global Resources Investment Ltd. pursuant to which Freya will acquire 564,366 ordinary shares of GRIT, which are expected to be listed on the London Stock Exchange’s main market in connection with GRIT’s re-registration as a public company which will be constituted as a UK Investment Trust with the name “Global Resources Investment Trust Plc.” in exchange for 6,000,000 common shares of Freyja. The issue price of the Common Shares will be $0.17 per share and the issue price of the GRIT Shares will be GBP1.00 per share for an aggregate value of approximately $1,020,000.

Defiance Silver Corp. announces that further to its news release dated January 28, 2014, it has closed a first tranche of $100,000 of its previously announced non-brokered private placement. The Offering consists of up to 24,000,000 units at $0.05 per unit, each unit consisting of one share and one warrant.