Month: July 2014

MAG Silver Corp. announces that it has completed its previously announced bought deal financing and has issued 7,712,000 common shares, including 392,000 common shares issued on partial exercise of the over-allotment option, at C$10.25 per share, for gross proceeds of C$79 million. The Offering was conducted by a syndicate of underwriters, led by BMO Capital Markets and Raymond James Ltd., and including Macquarie Capital Markets Canada Ltd., Scotia Capital Inc., H.C. Wainwright & Co. LLC, National Bank Financial Inc., TD Securities Inc. and PI Financial Corp. The Underwriters reserve the right to exercise all or any portion of the balance of the over-allotment option, 706,000 shares, at any time within 30 days following closing.

Excellon Resources Inc., Mexico’s highest grade silver producer, is pleased to announce second quarter 2014 production results from the La Platosa Mine in Durango, Mexico.

Mammoth Resources Corp. would like to announce that it intends to proceed with a non-brokered private placement of up to 9.3 million units of the Company at an offering price of $0.035 per Unit based on the company’s 20-day VWAP, for gross proceeds of up to $325,500. Each Unit consists of one common share of the Company and one common share purchase warrant. Each Warrant will entitle the holder thereof to acquire one Common Share until two years following closing of the private placement, at an exercise price of $0.10. The Company has set no minimum number of Units to be distributed and no minimum dollar amount required to be raised in connection with the Private Placement.

La Cámara Minera de México (Camimex) estimó que la economía mexicana captará 6,176 millones de dólares de inversiones en el sector de la minería en 2014, lo que representa una caída de 6.1% frente año pasado.

Mercator Minerals Ltd., a copper-molybdenum mining company, tumbled in midday trading as it is considering alternatives after Intergeo MMC Ltd. said it may not extend the deadline for their merger deal.

Argonaut Gold Inc. announced today that the Company had production of 30,310 gold equivalent ounces during the second quarter ended June 30, 2014. This included 21,359 GEOs at its 100% owned El Castillo Mine located in Durango, Mexico and 8,951 GEOs at its 100% owned La Colorada Mine located near Hermosillo, Mexico.

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.

BACANORA MINERALS LTD. is pleased to announce the release by the London Stock Exchange of a Schedule 1 Notice under AIM rules, with a target date of July 25, 2014 for admission of the Company’s common shares onto AIM. It is anticipated that the Company’s AIM Admission Document will be filed on or about July 22, 2014 and that its previously announced brokered financing will close concurrent with admission. For details concerning the aforementioned financing, please see the Company’s press release dated June 25, 2014. Subsequent to the proposed AIM admission, it is the intention that Bacanora’s common shares will, in the immediate future, continue to be listed on the TSX-V.

As our Annual Meeting approaches on July 29, we urge all Cliffs shareholders to protect the value of their investment by voting the WHITEproxy card today. As Casablanca Capital continues to campaign for what we believe is a short-term, value-destructive agenda, shareholders need to know the truth about Casablanca’s purported “plan” and lack of experience to lead a commodity company through the trough of the cycle.