Month: September 2015

NWM Mining Corporation Completes Arrangement

NWM Mining Corporation, GFM Mineria, S.A.P.I. de C.V., and SFM Holding, S.A.P.I. de C.V. announce today that the previously announced plan of arrangement among NWM, GFM, SFM, and the Company’s lender, Global Resource Fund has been completed. As previously announced, orders were received from the Ontario Superior Court of Justice (Commercial List) approving the Arrangement and NWM shareholders overwhelmingly voted in favour of the Arrangement. Under the Arrangement, NWM shareholders will receive Cdn$0.005 in cash for each NWM common share held.

Oro Silver Closing Extended to October 15, 2015 by Mutual Agreement

Canarc Resource Corp. announces that it is in the final stages of completing the definitive agreement with Marlin Gold Mining Ltd. whereby Canarc will acquire 100% of the shares in Marlin’s wholly owned subsidiary company, Oro Silver Resources Ltd., which owns the fully permitted El Compas Gold-Silver Mine Project in Zacatecas, Mexico.

Gold Resource Corporation Declares September Monthly Dividend

Gold Resource Corporation declares its monthly instituted dividend of $0.01 per common share for September 2015 payable on October 23, 2015 to shareholders of record as of October 12, 2015. Gold Resource Corporation is a gold and silver producer with operations in Oaxaca, Mexico and exploration in Nevada, USA.

New President of Municipio Removes Access Restrictions at Boleo

Baja Mining Corp. is pleased to report that further to its news release on September 17, 2015, the access restrictions imposed at the Boleo mine site by the Municipality of Mulegé were removed on September 25 by the newly elected Presidente of the Municipio. The mine and plant are returning to normal operations. Mr. Tom Ogryzlo, Interim CEO of Baja, together with Baja’s VP of Metallurgy and CFO, intend to effect a site visit in late October.

Oroco Negotiates Payment of Goldgroup Mining Inc. Notes

Oroco Resource Corp. announces that, further to its news release of September 16, 2015, it has agreed with Goldgroup Mining Inc. to a revised payment schedule for the US$950,000 outstanding from the two promissory notes issued by Goldgroup to the Company. Pursuant to the agreement, Goldgroup will have until November 16, 2015 to enter into a formal debt payment agreement with the Company, pursuant to which it will pay the Company US$300,000 on signing, US$20,000 per month, commencing October 1, 2015 until September 15, 2016, with the balance of the remaining principal on or before that date. The outstanding principal will bear 12% interest, payable monthly in arrears….

Silver Spruce Announces Non-Brokered Private Placement

Silver Spruce Resources Inc. wishes to announce that it is arranging a non-brokered private placement of up to 20,000,000 units for gross proceeds of $2,000,000. The gross proceeds of the financing shall be used to progress exploration on the Pino de Plata Project in Mexico and for working capital. The Company will pay all reasonable expenses and fees incurred in connection with the Offering and Agents will be paid a negotiated cash fee as a percentage of the gross proceeds raised in the Offering.

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