Month: June 2014

Citation Shareholders Approve Arrangement With Inlet

Citation Resources Inc. is pleased to announce that the shareholders of Citation have approved the previously announced plan of arrangement with Inlet Resources Ltd. pursuant to which Citation will become a wholly- owned subsidiary of Inlet.

Citation Shareholders Approve Arrangement With Inlet

Citation Resources Inc. is pleased to announce that the shareholders of Citation have approved the previously announced plan of arrangement with Inlet Resources Ltd. pursuant to which Citation will become a wholly- owned subsidiary of Inlet.

Avino Silver & Gold Mines Ltd. to Acquire Bralorne Gold Mines Ltd.

Avino Silver & Gold Mines Ltd. and Bralorne Gold Mines Ltd. are pleased to announce that they have entered into a letter of intent pursuant to which it is contemplated that Avino will acquire all of the outstanding common shares of Bralorne which Avino does not already own by way of a plan of arrangement. Upon completion of the Transaction, it is anticipated that approximately 2,636,857 common shares of Avino will be issued to former Bralorne shareholders to acquire Bralorne which holds an undivided 100% legal and beneficial interest in the operating Bralorne gold mine in British Columbia.

Avino Silver & Gold Mines Ltd. to Acquire Bralorne Gold Mines Ltd.

Avino Silver & Gold Mines Ltd. and Bralorne Gold Mines Ltd. are pleased to announce that they have entered into a letter of intent pursuant to which it is contemplated that Avino will acquire all of the outstanding common shares of Bralorne which Avino does not already own by way of a plan of arrangement. Upon completion of the Transaction, it is anticipated that approximately 2,636,857 common shares of Avino will be issued to former Bralorne shareholders to acquire Bralorne which holds an undivided 100% legal and beneficial interest in the operating Bralorne gold mine in British Columbia.

Red Tiger Update on Financial Statement Status

Red Tiger Mining Inc., is providing this bi-weekly update on its Financial Statement Status in accordance with National Policy 12-203 — Cease Trade Orders for Continuous Disclosure Defaults. On April 24, 2014, the Company announced that for reasons disclosed in the news release, there would be a delay in the filing of its audited financial statements for the year ended December 31, 2013 and its related Management Discussion & Analysis and CEO and CFO certifications beyond the 120 day period prescribed for the filing of such documents. As a result, the interim financial statements for the period ended March 31, 2014 and its related Management Discussion & Analysis and CEO and CFO certifications will also be delayed.

Mercator Minerals Provides Update in Connection with Intergeo Combination

Mercator Minerals Ltd. announces, that in connection with the proposed business combination between Mercator and Intergeo MMC Ltd announced on December 12, 2013, the Company’s wholly owned subsidiary Mineral Park Inc., has recently drawn down a further US$1.0 million under the bridge loan advanced by Daselina Investments Ltd., Intergeo’s controlling shareholder, in connection with the Arrangement, taking the current principal balance outstanding under the bridge loan to US$13.0 million.

Mercator Minerals Provides Update in Connection with Intergeo Combination

Mercator Minerals Ltd. announces, that in connection with the proposed business combination between Mercator and Intergeo MMC Ltd announced on December 12, 2013, the Company’s wholly owned subsidiary Mineral Park Inc., has recently drawn down a further US$1.0 million under the bridge loan advanced by Daselina Investments Ltd., Intergeo’s controlling shareholder, in connection with the Arrangement, taking the current principal balance outstanding under the bridge loan to US$13.0 million.

Bacanora Announces TSX-V Conditional Approval of Equity Offering

BACANORA MINERALS LTD. is pleased to announce that the TSX Venture Exchange granted conditional approval in respect of its previously announced brokered financing that is expected to be completed in conjunction with its application for the admission of its common shares to trading on the AIM Market of the London Stock Exchange. In accordance with TSX-V rules, this approval authorizes Bacanora to collect subscriptions from placees and to close its financing in one or more tranches. Final TSX-V acceptance is subject to delivery (following closing and in any event prior to August 24, 2014) of final TSX-V forms and confirmation that the financing has been conducted in accordance with TSX-V rules. Bacanora intends to offer up to GBP 4,750,000 of common shares at a price of GBP 0.33 per share under this financing. Using a foreign exchange rate of GBP 1.00 = C$1.834, the offering price per security will be approximately C$0.605 and the aggregate gross proceeds of securities offered is expected to be up to approximately C$8,708,334. The proceeds of the offering will be used to cover the expenses associated with the AIM listing and to fund the preparation of a pre-feasibility study on the Company’s Magdalena Borate Project, for the continuation of the Company’s work program to establish the economic potential of the Sonora Lithium Project and for general working capital purposes.

Bacanora Announces TSX-V Conditional Approval of Equity Offering

BACANORA MINERALS LTD. is pleased to announce that the TSX Venture Exchange granted conditional approval in respect of its previously announced brokered financing that is expected to be completed in conjunction with its application for the admission of its common shares to trading on the AIM Market of the London Stock Exchange. In accordance with TSX-V rules, this approval authorizes Bacanora to collect subscriptions from placees and to close its financing in one or more tranches. Final TSX-V acceptance is subject to delivery (following closing and in any event prior to August 24, 2014) of final TSX-V forms and confirmation that the financing has been conducted in accordance with TSX-V rules. Bacanora intends to offer up to GBP 4,750,000 of common shares at a price of GBP 0.33 per share under this financing. Using a foreign exchange rate of GBP 1.00 = C$1.834, the offering price per security will be approximately C$0.605 and the aggregate gross proceeds of securities offered is expected to be up to approximately C$8,708,334. The proceeds of the offering will be used to cover the expenses associated with the AIM listing and to fund the preparation of a pre-feasibility study on the Company’s Magdalena Borate Project, for the continuation of the Company’s work program to establish the economic potential of the Sonora Lithium Project and for general working capital purposes.

Scorpio Gold Reports Results of Annual & Special Meeting

Scorpio Gold Corporation reports the election of Peter Brieger and the re-election of Peter J. Hawley, Brian Lock, Luc Pelchat, David W. Smalley and Andrew Lee Smith as directors of the Company at the Company’s annual and special meeting of shareholders held on June 25, 2014.

Scorpio Gold Reports Results of Annual & Special Meeting

Scorpio Gold Corporation reports the election of Peter Brieger and the re-election of Peter J. Hawley, Brian Lock, Luc Pelchat, David W. Smalley and Andrew Lee Smith as directors of the Company at the Company’s annual and special meeting of shareholders held on June 25, 2014.

Quaterra Reports On Corporate Matters

Quaterra Resources Inc. today announced that all resolutions were passed by the requisite majority at its annual general meeting held in Vancouver, British Columbia on June 25, 2014. Smythe Ratcliffe, Chartered Accountants were re-appointed as auditors of the Company for the ensuing year and shareholders approved the Company’s 2014 10% rolling stock option plan.

Quaterra Reports On Corporate Matters

Quaterra Resources Inc. today announced that all resolutions were passed by the requisite majority at its annual general meeting held in Vancouver, British Columbia on June 25, 2014. Smythe Ratcliffe, Chartered Accountants were re-appointed as auditors of the Company for the ensuing year and shareholders approved the Company’s 2014 10% rolling stock option plan.

Oaxaca, gran potencial minero a nivel nacional

El estado de Oaxaca se configura como uno de los estados de mayor potencial minero a nivel nacional, por la presencia de grandes extensiones de cobre, plata, oro, zinc, antimonio, y de minerales no metálicos como: micas, zeolitas, mármol, travertinos y granito que lo ha convertido en un territorio susceptible de problemas por la llegada de las empresas mineras internacionales.

Oaxaca, gran potencial minero a nivel nacional

El estado de Oaxaca se configura como uno de los estados de mayor potencial minero a nivel nacional, por la presencia de grandes extensiones de cobre, plata, oro, zinc, antimonio, y de minerales no metálicos como: micas, zeolitas, mármol, travertinos y granito que lo ha convertido en un territorio susceptible de problemas por la llegada de las empresas mineras internacionales.

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