Month: January 2015

Oremex Silver Inc. today announced that it has filed its unaudited condensed consolidated interim financial statements and the related interim management discussion and analysis for the three month period ended February 28, 2014, the three and six month period ended May 31, 2014 and the three and nine month period ended August 31, 2014 (collectively, the “Interim Filings”). The Interim Filings are intended to bring the Company up to date with its continuous disclosure obligations and the Company intends to apply to the TSX Venture Exchange for the reinstatement of trading of its common shares.

Aura Minerals Inc. is pleased to announce preliminary 2014 fourth quarter and full year production results and guidance for 2015 production and capital expenditure. All dollar figures are in United States dollars unless otherwise indicated.

Further to the News Release dated January 12, 2015 Morro Bay Resources Ltd. is pleased to announce the Company and Riverside Resources Inc. have agreed in principle to terms for an amendment to the option on the Peñoles Gold-Silver Project located in the Peñoles Mining District, Durango, Mexico. A further news release will follow.

Mundoro Capital Inc. announces the Board of Directors has, as part of the Company’s annual compensation review, and pursuant to the Company’s stock option plan, granted 522,500 incentive stock options exercisable at $0.21 per share for a period of five years to 4 independent directors, 1 officer, and 2 consultants of the Company. The options are subject to vesting such that 1/3rd of the options shall vest at time of grant, 1/3rd of the options shall vest 12 months from the date of grant and 1/3rd of the options shall vest 24 months from the date of grant. The Company held salaries flat in 2014 and paid no cash bonuses in 2014. The last option grant the Company made was in December 2013. The Company will have after this January 2015 grant, a total of 3,345,000 options outstanding which represents 7.77% of the shares outstanding.

In 2014, Avino achieved significant production expansion at the Avino Property. During the year, the Company’s consolidated silver equivalent production increased by 49% for a total of 1,342,150 ounces.

Tosca Resources Corporation reported today that it had closed on a previously announced private placement of 3,310,000 units at a price of $0.05 per unit for aggregate gross proceeds of $165,500. Each unit consisted of one common share and one/half share purchase warrant. Each whole warrant is exercisable into one common share at a price of $0.10 per share for a period of one year, expiring January 14, 2016. The shares forming part of the units and any shares acquired on exercise of the warrants are subject to restrictions on resale until May 15, 2015.

Orex Minerals Inc. announces that it has closed a non-brokered private placement offering of 4,800,000 common shares of the Company at a price of $0.25 per share for gross proceeds of $1,200,000. Orex intends to use the net proceeds of the Private Placement for continued exploration and development of its Los Crestones Property located in Sinaloa, Mexico and for general corporate and working capital purposes.

War Eagle Mining Company Inc. announces that at its Annual and Special Meeting of Shareholders held on January 15, 2015, all resolutions proposed to shareholders were duly passed, including election of directors, approval of the 2014 Stock Option Plan and disinterested shareholders approval respecting the issuance of 1,400,000 common shares relating to a debt settlement in October 2014 of $70,000 of debt due to two insiders of the Company. During the meeting, Thomas R. Atkins, Paul A. Carroll and Donald Padgett were re-elected to the Board of Directors. In addition, Malcolm P. Burke was elected as a new independent Director to the Board.

Paget Minerals Corp. wishes to announce that it has entered into a debt settlement agreement with a creditor of the Company pursuant to which the Company has agreed to issue an aggregate of 882,968 common shares at a deemed price of $0.05 per Share in order to settle certain obligations of the Company under an option agreement dated August 17, 2012, as amended on April 25, 2013. The Company decided to satisfy this outstanding indebtedness with Shares in order to preserve its cash for operations.