Month: March 2014

SilverCrest Announces 2013 Financial Results Cash Flow from Operations of US$26.1 million ($0.24 per share) Net Earnings US$8.5 million ($0.08 per share)

SilverCrest Mines Inc. is pleased to announce its audited consolidated financial results for the fourth quarter and year ended December 31, 2013. The fourth quarter and 2013 year end financials results reflect a one-time non-cash deferred tax accounting adjustment of $5.8 million as a result of the enactment of the Mexican Tax Reform. All financial information is prepared in accordance with IFRS and all dollar amounts are expressed in U.S. dollars unless otherwise specified. The information in this news release should be read in conjunction with the Company’s audited consolidated financial statements for the year ended December 31, 2013 and associated management discussion and analysis which are available from the Company’s website at www.silvercrestmines.com and under the Company’s profile on SEDAR at www.sedar.com.

Oremex Silver Inc. Provides Update

The new board of directors of Oremex Silver Inc. is pleased to report that it has begun making progress on a number of fronts since it has assumed leadership of the Company.

Orex Closes $2.1 Million First Tranche of Private Placement

Orex Minerals Inc. is pleased to announce that it has closed the first tranche of its private placement announced on February 27, 2014, issuing 8,658,000 units of the Company at a price of $0.25 per Unit for aggregate gross proceeds of $2,164,500. Each Unit consists of one common share and one half of a common share purchase warrant. Each whole warrant will be exercisable for one common share of the Company at $0.30 for a period of 24 months from closing, expiring March 24, 2016. The shares and Warrants comprising the Units and any shares issued upon the exercise of the Warrants are subject to a hold period which expires on July 25, 2014.

Catalyst Copper Appoints New CEO and CFO

Catalyst Copper Corp. announces that David Laing has been appointed as Chief Executive Officer, President, and a director of the Company and Jeremy Crichton, CA has been appointed as Chief Financial Officer and Corporate Secretary of the Company. Mr. Laing and Mr. Crichton are replacing John Greenslade and Denby Greenslade, who have tendered their resignations. The Board wishes to thank Mr. Greenslade and Ms. Greenslade for their past services and wish them every success in their future endeavours.

Santacruz Silver Mining Announces Closing of Underwriters’ Over-Allotment Option

Santacruz Silver Mining Ltd. is pleased to announce that Canaccord Genuity Corp. and Raymond James Ltd., the underwriters of the Company’s recently closed common share offering, have completed the exercise of their over-allotment option and have purchased an additional 1,312,500 common shares of the Company at a price of $1.00 per share for gross proceeds of $1,312,500.

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.

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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.