Day: December 19, 2014

San Marco Resources Revises Previously Announced Financing Terms

San Marco Resources Inc. announces that, as a result of changes in market conditions, the Company’s board of directors has revised certain pricing terms of the non-brokered private placement financing announced on October 24, 2014. The proposed private placement financing will still occur on a post (five into one) consolidation basis of the Company’s shares, which consolidation is subject to shareholder approval at a special meeting of shareholders being held on December 22, 2014.

Coeur Announces Initial Resource Estimate at Palmarejo’s Independencia Deposit

Coeur Mining, Inc. announced today an initial resource estimate for its high-grade underground Independencia silver-gold deposit, located approximately 800 meters east of the Guadalupe underground mine currently in production at Coeur’s Palmarejo silver-gold mine in Chihuahua, Mexico. The updated estimate was prepared with the assistance of Mine Development Associates (MDA, of Reno, Nevada and includes data from 61 core drill holes totaling 27,000 meters.

Nuevos impuestos golpean a mineras

Las empresas del sector minero en México enfrentan una mayor carga fiscal, debido a la reforma que entró en vigor este año, que incorpora nuevos derechos a la minería, los cuales restan competitividad al sector y podrían reducir las inversiones, según la Cámara Minera de México.

Santacruz Silver Announces Director Resignation

Santacruz Silver Mining Ltd. announces that Mr. James Hutton has resigned as a Director with the Company. Mr. Hutton has been with Santacruz since it completed its first public share offering in 2012. The Company is conducting a search for a replacement director which it expects to complete in early 2015.

Skeena Announces Flow-Through Private Placement Financing

Skeena Resources Limited proposes to raise up to $500,000 in a non-brokered private placement financing, on a best efforts basis, by the issuance of Flow Through shares, subject to regulatory approval. Each FT share will be priced at $0.15 CDN per share. Shares issued under this financing will be subject to a hold period of 4 months and one day from the closing date of the offering. Finders’ fees may be payable to qualified agents on a portion of the funds raised in accordance with Exchange regulations.

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