Year: 2014

Bowmore Announces Financing With Global Resources Investment Ltd.

Bowmore Explorations Ltd. is pleased to announce that it has negotiated, subject to regulatory approval, a financing through the London based investment group Global Resources Investment Ltd. pursuant to which Bowmore will acquire 518,246 ordinary shares of Global Resources Investment Trust Plc., an investment trust affiliated with GRIL, valued at 1 British Pound per GRIT Share in exchange for 6,000,000 common shares of Bowmore valued at $0.16 per Bowmore share. Bowmore will then endeavor to sell the GRIT Shares to realize cash proceeds.

Timmins Gold Closes C$28,380,000 Bought-Deal Offering

Timmins Gold Corp. is pleased to confirm the closing of its previously announced bought-deal offering of 18,920,000 common shares of the Company, inclusive of 2,250,000 Shares issued pursuant to the partial exercise of the underwriters’ over-allotment option, at a price of C$1.50 per Share for aggregate gross proceeds of C$28,380,000. The Shares were issued in a public offering in certain provinces of Canada pursuant to a short form prospectus dated February 4, 2014 filed with certain Canadian securities regulators, and were underwritten by a syndicate of underwriters led by RBC Dominion Securities Inc. and including BMO Nesbitt Burns Inc., TD Securities Inc., GMP Securities L.P., National Bank Financial Inc., Scotia Capital Inc. and PI Financial Corp.

Kinross President and Chief Operating Officer to retire October 1

Kinross Gold Corporation announced today that Brant Hinze, President and Chief Operating Officer, will retire effective October 1, 2014. Mr. Hinze will be succeeded as Chief Operating Officer by Warwick Morley-Jepson, currently Regional Vice-President of the Company’s Russia region.

Oroco Resource (V.OCO) soars 214% as it celebrates Xochipala court appeal victory

Oroco Resource (TSX-V:OCO, StockForum), a Vancouver-based mineral exploration firm engaged in the development of Mexican precious metal projects, announced today that the company received a favorable ruling from the Federal Tribunal of Mexico, granting the company’s appeal of the lower Federal District Court ruling in regards to Oroco’s Xochipala project.

Oroco Wins Xochipala Appeal

Oroco Resource Corp. is pleased to announce that the Federal Tribunal of Mexico has granted the Company’s appeal of the decision of the lower Federal District Court and has ordered that all aspects of the 2011 Guerrero State Court auction of a 50% interest in the Celia Gene and a 100% interest in the Celia Generosa concessions be set aside. The decision of the Federal Tribunal confirms that the Company’s subsidiary, Minera Xochipala, S.A. de C.V., is the sole registered owner of 100% of each of the Celia Gene and Celia Generosa concessions and terminates the competing claim of Mr. Avinadain Bautista arising from the Court Auction of the Camacho Interest.

Excalibur: Catanava Update

Excalibur Resources Ltd. provides an update on theprogress at its 49% (60% pending completion of deal with MineraApolo) owned subsidiary Minera Catanava de C.V. The concentratetesting work, including assay results from a commercial lab, hasshown that we can produce a very good grade concentrate of between300 and 500 grams of gold per ton and around 1 to 2 kilograms silverper ton. Two samples of 400 grams of concentrates were sent for fireanalysis and plasma induction of 33 elements which were assayed atERSA Global Labs of Torreon, Coahuila, Mexico. The silver, as well asthe gold recuperation, will increase when flotation cells areinstalled which is planned for later this year. “Given theanticipated amount and logistics of producing concentrates, it ispreferable to pour dore, so a large tilt and pour dore furnace hasbeen ordered,” commented, Dr. Don McLeroy.

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