Day: March 7, 2014

Oceanus Resources Corporation Closes 1.3 Million Dollar Private Placement

Oceanus Resources Corporation announces that it has closed a previously announced non-brokered private placement financing of $1,315,000. The private placement comprises the sale of 6,003,622 common shares of the Company at a price of $0.22 per share. The common shares from this Private Placement will be subject to a 4 month hold period ending July 8, 2014. The proceeds from the Private Placement will be used for exploration of the La Lajita Gold Property located in Durango, Mexico.

Westminster Closes GRIT Financing

Further to the Company’s news release of February 11, 2014, the Company announces that it has closed its securities exchange with Global Resources Investment Trust plc.

Cayden Resources Inc. Announces Increase of Previously Announced Equity Financing to CAD$7.8 Million

Cayden Resources Inc. is pleased to announce that it has amended the terms of its previously announced bought deal offering of common shares of the Company to increase the size of the offering to $7,837,000. Under the amended terms of the Offering, a syndicate of underwriters led by Beacon Securities Limited, including and Canaccord Genuity Corp. have agreed to purchase, on a bought deal basis pursuant to the filing of a short form prospectus, an aggregate of 4,610,000 Common Shares at a price of $1.70per Common Share.

Monarchy Resources Announces Acquisition of Ore Processing Mill

The Company is pleased to announce that New World Metals has acquired a mill which will be installed within the next 120 days. The mill will be located 15 kms outside of Parral, Mexico, and will be used to process ore currently stockpiled and being produced at the Morelos, La Luna and Peneto mines. The mill will have the capacity to process 20 tons a day and produce gold and silver concentrate through a single-stage flotation circuit process. The concentrate will be shipped to a refinery located in Torreon, Mexico. New World Metals has informed the Company that it anticipates sending its first shipment of gold and silver concentrate by June 2014. New World continues to develop its underground operations at each of its three operating mines.

Coeur to Offer Senior Notes

Coeur Mining, Inc. today announced its intention to offer, subject to market and other conditions, $150,000,000 of 7.875% Senior Notes due 2021. The Offered Notes constitute a further issuance of Coeur?fs $300,000,000 outstanding principal amount of 7.875% Senior Notes due 2021 issued on January 29, 2013 and, when issued, will form a single series of debt securities with the Existing Notes. Other than with respect to the date of issuance, issue price, and CUSIP number, the Offered Notes will have the same terms as the Existing Notes. Once the Offered Notes are registered and exchanged for exchange notes, Coeur expects that the Offered Notes and the Existing Notes will share a single CUSIP number and thereafter be fungible.

Cayden Resources Inc. Announces CAD$7.3 Million Bought Deal Financing

Cayden Resources Inc. is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Beacon Securities Limited and including Canaccord Genuity Corp., pursuant to which the Underwriters have agreed to purchase, on a bought-deal basis, 4,300,000 common shares of the Company at a price of CAD$1.70 per Common Share for gross proceeds of CAD$7,310,000, by way of short form prospectus to be filed in each of the Provinces of Canada, except Quebec. In addition, the Company will grant the Underwriters an over-allotment option, exercisable on or for a period of up to 30 days following the closing of the Offering to purchase from the Company up to an additional 645,000 common shares at the Offering Price per Common Share. If the Over-Allotment Option is exercised in full, an additional $1,096,500 will be raised pursuant to the Offering and the aggregate gross proceeds of the Offering will be $8,406,500.

Timmins Gold Generates US$8.7 Million in Free Cash Flow in Fourth Quarter of 2013 Reports 2013 Year End Financial Results

Timmins Gold Corp. is pleased to report its financial results for the year ended December 31, 2013. The comparative period is the year ended December 31, 2012. All results are presented in United States dollars unless otherwise stated. Readers should refer to the 2013 management discussion and analysis and consolidated financial statements for complete information.

Minera trabaja para no dañar Observatorio

Endeavour Silver Corp. y Mina Bolañitos S.A. de C.V. trabajan desde mediados del año pasado en acciones de compactación de la tierra y tratamiento del camino que va de la Mina Lucero a la planta de beneficio Bolañitos mediante la gestión de un proyecto de consolidación de suelos, con el objetivo de aminorar las emisiones de polvo generado por el transporte de carga y evitar cualquier tipo de afectación a los telescopios del Observatorio Astronómico de la Universidad de Guanajuato.

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.

All News

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.