Month: October 2014

BACANORA MINERALS LTD. is pleased to announce that it has appointed Hatch Pty Ltd as its engineering consultant for both the Sonora Lithium Project and the Magdalena Borate Project in northern Mexico. In this capacity, Hatch will assist with and advise upon the design of a lithium carbonate plant capable of producing up to 50,000 tonnes per annum, and the design of boric acid plant capable of producing up to 25,000 tonnes per annum.

El Tigre Silver Corp.The Board of Directors is pleased to announce the appointment of Wade Anderson to the newly created role of co-CEO. Mr. Anderson will share the position of co-CEO with El Tigre’s current CEO and President, Stuart Ross.

Almaden Minerals Ltd. is pleased to announce that its Board of Directors has unanimously approved a strategic reorganization of its business. Almaden’s early stage exploration projects, royalty interests and certain other non-core assets will be transferred to a newly incorporated company. Shareholders of the Company will receive shares in Spinco in proportion to their shareholdings in Almaden. There will be no change to shareholders’ existing interests in the Company.

Levon Resources Ltd. is pleased to announce that it has closed the private placement with a group of U.S. investors including Dr. Philip Frost, Barry Honig and Michael Brauser that was announced on October 15, 2014. Pursuant to the Placement, Levon issued 27,000,000 common shares at a price of CAD$0.22 per share for gross proceeds of USD$5,400,000. The common shares sold in the Placement are subject to a four month hold period under applicable Canadian securities laws which expires on February 22, 2015.

Paramount Gold and Silver Corp. announced today that new drilling at its 100%-owned San Miguel Project in northern Mexico is likely expanding the bulk minable resource in the San Francisco deposit. The first two holes have intersected wide zones of high silver values very close to surface.

Westminster Resources Ltd will be immediately filing for, and seeking approval of, documents relating to the consolidation of the company’s issued and outstanding share capital with the TSX Venture Exchange. The intended consolidation will be on a basis of one postconsolidation common share for every 10 preconsolidation common shares. This consolidation will reduce the issued and outstanding shares of the company from 113,272,926 to 11,327,292 shares, assuming no other change in the issued capital. The company’s outstanding options and warrants will also be adjusted on the same basis (1 for 10) as the common shares, with proportionate adjustments being made to exercise prices.

Starcore International Mines Ltd. is pleased to announce results for a recently completed Reserve estimate for its San Martin Mine in Queretaro, Mexico.

Soltoro Ltd. has appointed Dr. Glen Masterman as an independent Director of Soltoro Ltd.