Day: December 23, 2014

Marlin Issues Shares to Settle Deferred Contractor Payments

Marlin Gold Mining Ltd. is pleased to announce that it has issued 1.7 million shares at a deemed price of 75 U.S. cents (82 Canadian cents), in consideration of certain services provided to the company pursuant to an agreement dated December 29, 2013 between Oro Gold de Mexico S.A. de C.V. (wholly owned subsidiary of Marlin Gold) and Construcciones y Minado San Francisco S. de R.L. de C.V. The share issuance was originally disclosed in a news release dated December 10, 2014 and the shares issued therewith are subject to a four month hold period.

Golden Minerals Provides Update For Velardena Mine Restart

Golden Minerals Company today announces its initial operational performance for the Velardena mine restart in order to update the Company’s June 18, 2014 news release. The Company restarted mining operations at Velardena on July 1, 2014 and milling operations on November 3, 2014.

Kootenay closes first tranche of non-brokered private placement

Kootenay Silver Inc. is pleased to announce that, further to its press release dated December 10, 2014, it has received subscriptions for $742,000 under the non-brokered private placement of units and has today closed the initial tranche of the Private Placement and issued an aggregate of 2,120,000 Units at a purchase price of $0.35 per Unit. The Company anticipates closing the balance of the Private Placement shortly and will provide an update in due course.

DynaResource de Mexico, S.A. de C.V. Files Original Petition and Legal Demand Seeking Substantial Damages from Goldgroup Mining Inc. and Goldgroup Resources Inc.

DynaResource de Mxico SA de C.V., the 100% owner of the San Jose de Gracia Project in Sinaloa State, Mexico announces that it filed on December 09, 2014, in the Civil Court of the Superior Court of Justice of the Federal District of Mexico (Tribunal Superior de Justicia del Distrito Federal), as File number 1120/2014; an Original Petition and Legal Demand against Defendants Goldgroup Mining Inc., Goldgroup Resources Inc., and certain individuals acting in concert with the two Goldgroup companies. The Demand complains that Goldgroup has: (a) wrongfully used property, confidential information and data belonging to DynaMxico; (b) consistently failed to disclose, or has disclosed inaccurately, several matters of material importance to the public; and, the Demand seeks to declare the American Arbitration Association (AAA) proceedings in Denver, Colorado, (filed by Goldgroup), as invalid or seeks to nullify such proceedings.

Orex Announces Appointment of David Felderhof as Executive Vice President

OREX EXPLORATION INC. – The board of Directors wish to announce that Mr. David Felderhof has been appointed executive vice president of the Company, effective immediately. David is currently a director and executive vice president of Zephyr Minerals Ltd., and a former investment advisor with BMO Nesbitt Burns.

U.S. Silver & Gold Inc. and Scorpio Mining Corporation Announce Closing of Business Combination

Scorpio Mining Corporation and U.S. Silver & Gold Inc. are pleased to announce the completion of their previously announced merger of equals to combine their respective businesses by way of a plan of arrangement of U.S. Silver & Gold pursuant to section 182 of the Business Corporations Act (Ontario). The Transaction was approved at special meetings of the shareholders of U.S. Silver & Gold and Scorpio Mining, respectively, on December 18, 2014. Final court approval was obtained from the Ontario Superior Court of Justice on December 22, 2014.

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