Day: June 26, 2014

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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