Month: October 2014

Great Panther Clarifies Annual MD&A Disclosure

GREAT PANTHER SILVER LIMITED announces that, as a result of a review by the British Columbia Securities Commission, the Company is issuing this news release to clarify disclosures in the Company’s annual management discussion and analysis for the year ended December 2013. The Company did not disclose management’s conclusions in respect of the Company’s internal controls over financial reporting in the MD&A. The Company confirms that the Company’s Chief Executive Officer and Chief Financial Officer each evaluated the effectiveness of the Company’s ICFR as at the end of the period covered by the MD&A and the accompanying consolidated financial statements and concluded that the ICFR were effective as at December 31, 2013.

Starcore International to acquire American Consolidated Minerals in All-Share Transaction

Starcore International Mines Ltd. and American Consolidated Minerals Corp. are pleased to announce the signing of a definitive arrangement agreement whereby Starcore would acquire all of the outstanding securities of AJC in an all-share transaction to be completed pursuant to a court approved Plan of Arrangement under the Business Corporations Act (British Columbia).

Goldgroup Completes Second Drawdown on Loan Facility

Goldgroup Mining Inc. is pleased to announce that the Company has completed the second drawdown of USD$3,993,239 on the previously announced secured medium term loan facility of USD$10 million provided by RMB Resources Inc. and Credipresto SAPI de CV SOFOM ENR. The total amount of funds drawn down under the Facility are USD$6,000,000. These funds will be used to facilitate the development of the Company’s Cerro Prieto mine and for other working capital purposes.

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