War Eagle Mining Company Inc. announces that the TSX Venture Exchange has accepted for filing the Company’s issue of 4,540,000 common shares at a deemed price of $0.05 per share to settle outstanding debts of $227,000. The settlement shares to be issued to two insider creditors of the Company in excess of 700,000 common shares each will require disinterested shareholder approval at the Company’s upcoming annual general meeting.
Energold Drilling Corp. is pleased to announce third quarter 2014 revenue of $20.2 million across three business divisions, representing a 21.9% increase over revenue of $16.6 million in the third quarter of 2013. The Company’s combined gross margin increased to 9.7% during the period compared to (4.5)% in the same quarter in 2013. The adjusted net loss** in the third quarter for 2014 was $4.8 million or $(0.10) per share compared to net loss of $6.8 million or $(0.14) per share in 2013.
Osisko Gold Royalties Ltd is pleased to announce that it has closed the previously announced $100 million revolving credit facility with National Bank of Canada. The Credit Facility will be used for investments in the mineral industry, including the acquisition of royalties and the funding of precious metal streams. The facility may be increased by $50 million at Osisko’s request. The Credit Facility is secured by the Company’s assets and has a two-year term, which can be extended by one year at each anniversary.
Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.
Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.
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