Month: December 2014

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.

Rob McEwen, Chairman & Chief Owner Exercises Stock Options in McEwen Mining

McEwen Mining announces that Rob McEwen , Chairman and Chief Owner has exercised 1 million stock options on December 19, 2014. These options were exercisable at a price of $0.91 and Mr. McEwen intends to hold these shares for investment purposes. In addition, Mr. McEwen purchased 200,000 shares in the open market on December 12, 2014.

San Marco Resources Share Consolidation Approved by Shareholders

San Marco Resources Inc. announces that a special resolution to approve the consolidation of the Company’s shares on the basis of one new share for every five old shares was passed by shareholders of the Company at a Special General Meeting held in Vancouver, BC on December 22, 2014. Of the shares voted, 96% were voted in favour of the consolidation.

Mexus Gold US Update

Mexus Gold US announced today that it is still in discussions with multiple major mining companies. There is an ongoing negotiation taking place with one company and a deal will be completed if/when terms can be agreed upon. CEO and President Paul Thompson added “Mexus is doing everything possible to complete a deal in the first part of January, 2015. I believe that a deal will be made and 2015 will prove to be the year that Mexus turns a profit.”

Northair Silver Corp. Acquires Los Cuates Gold Project, Mexico

Northair Silver Corp. and its wholly owned subsidiary Grupo Northair de Mexico, S.A. de C.V. announces that it has signed two binding agreements; one with Serengeti Resources Inc. to acquire 100% the Los Cuates gold project adjacent to its Cigarra silver deposit, located in the state of Chihuahua, Mexico; and the other with Northern Empire Resources Corp. whereby Northair will assign and transfer the El Reventon silver project located in Durango State, Mexico to Northern Empire.

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