Month: September 2014

Oroco Enters Into Agreements With Goldgroup

Oroco Resource Corp.advises that it has agreed to assign to Goldgroup Mining Inc. the Company’s right to the refund obtained by Minas de Oroco Resources, S.A. de C.V. of Value Added Tax paid during the years 2008 through 2012. In consideration of the assignment, Goldgroup will pay the Company 1,200,000 common shares and 50% of any VAT recovered in excess of CDN$400,000, which sum Goldgroup may elect to pay in Goldgroup shares valued at their 5-day weighted average trading price at the time of payment. The Company will reimburse Goldgroup for 60% of any amount less than CDN$400,000 of VAT recovered by August 30, 2015, though it will remain entitled to recover that amount back from any future VAT recoveries. The Company is of the opinion that Goldgroup’s in country resources, expertise and contacts will substantially sustain and enhance MORs efforts and ability to recover the VAT in a timely fashion. Closing of the Agreement is conditional upon receipt of all necessary regulatory approvals, including the approval of the Toronto Stock Exchange.

Clarification of press release where Vendome Resources Announced Acquisition of 100% Interest in the La Diana Concession

VENDOME RESOURCES CORP., a Toronto, Canada based minerals exploration company with key exploration assets in Guerrero State, Mexico and the Borden Lake Gold District, Ontario, Canada, is pleased to announce, that subject to receipt of the customary regulatory approvals and the shareholder approval, it has finalized an agreement with Camsim Minas S.A. de C.V., of Mexico City, Mexico, to acquire a 100% interest in the 14,722 hectares La Diana Concession, by terminating all obligations under a previous option agreement dated September 2, 2010, in consideration for the issuance of 12,000,000 common shares of Vendome, of which 2,000,000 was granted on December 20, 2013, for the total of net 10,000,000 common shares. No additional compensation, cash payments, future production royalties or any other consideration will be paid in connection with this transaction.

Vendome Resources Acquires 100% Interest in the La Diana Concession

VENDOME RESOURCES CORP., a Toronto, Canada based minerals exploration company with key exploration assets in Guerrero State, Mexico and the Borden Lake Gold District, Ontario, Canada, is pleased to announce, that subsequent to receipt of the customary regulatory approvals, it has finalized an agreement with Camsim Minas S.A. de C.V., of Mexico City, Mexico, to acquire a 100% interest in the 14,722 hectares “La Diana” Concession, by terminating all obligations under a previous option agreement dated September 2, 2010, in consideration for the issuance of 12,000,000 common shares of Vendome. No additional compensation, cash payments, future production royalties or any other consideration will be paid in connection with this transaction.

Almaden Announces Appointment of Vice President of Corporate Development

Almaden Minerals Ltd. is pleased to report that Mr. Doug McDonald has been appointed Vice President of Corporate Development for Almaden. Mr. McDonald will work with Almaden’s growing team to lead the Company’s global corporate development activities, including institutional shareholder relations, capital market strategy and corporate development opportunities.

Primero Appoints Wendy Kaufman as Chief Financial Officer

Primero Mining Corp. today announced the appointment, effective as of September 29, 2014, of Ms. Wendy Kaufman as Chief Financial Officer, reporting to the Chief Executive Officer. Ms. Kaufman, a Chartered Professional Accountant, comes to the Company with 20 years of financial management experience in the mining sector. She has served in a variety of senior executive positions, most recently as Vice President, Finance and Treasury at Inmet Mining Corporation. Ms. Kaufman will be based in Toronto.

Goldgroup Announces $10 Million Loan Facility

Goldgroup Mining Inc.is pleased to announce that the Company closed an agreement with two lender, RMB Resources Inc. and Credipresto SAPI de CV SOFOM ENR, for a USD $10 million secured medium term loan facility. The Facility is being funded 80% by RMB and 20% by Credipresto. Javier Reyes, a director of Goldgroup, is a principal of Credipresto.

Red Tiger Reports Results from Annual Meeting

Red Tiger Mining Inc., today announced that all matters set out in our management information circular dated August 26, 2014 for the 2014 Annual Meeting of Shareholders held on September 22, 2014 were approved by shareholders. A total of 75,210,579 shares were voted representing 74.23% of the outstanding shares of the Company.

Detectan 4 represas rebosantes de tóxicos en Sonora

El río Sonora podría volver a presentar un color cobrizo, pues a 45 días del peor desastre ecologico en la historia de la minería nacional, responsabilidad de Grupo México, cuatro represas de Buenavista del Cobre nuevamente derramaron químicos tóxicos al caudal que abastecía a 25 mil personas de agua para uso y consumo.

Sonora rompe relación con Grupo México

El Gobierno de Sonora rompió toda relación con Grupo México al no permitir a inspectores de la Unidad Estatal de Protección Civil hacer una revisión en el área de La Concentradora, dijo el titular de la dependencia, quien informó que se encontraron instrumentos que indican que se bombearon tóxicos al Río Sonora en forma deliberada.

Germán Larrea sale del consejo de administración de Grupo Televisa

Grupo Televisa, S.A.B. anunció el día de hoy que el Sr. Germán Larrea presentó su renuncia, efectiva inmediatamente, al consejo de administración de Televisa. Televisa fue notificada que una empresa controlada por el Sr. Larrea solicitó participar en la licitación de las nuevas cadenas de televisión abierta. El Sr. Larrea pidió salir del consejo de administración de Televisa debido a los conflictos de interés que pudieran resultar de su participación en la licitación.

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.

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