Day: December 23, 2015

Defiance Silver Corporation announces it has entered into a short term loan agreement from its largest shareholder in the amount of CDN $160,000. Proceeds from the loan will be for general working capital purposes.

All securities issued in connection with the private placement, including the finder’s warrants, are subject to a four-month hold period that expires on April 24, 2016. The proceeds from the private placement will be used for exploration at Oceanus’ resource properties in Mexico and for general working capital purposes. The private placement remains subject to final approval of the TSX Venture Exchange.

Goldgroup Mining Inc. announces it has entered into an agreement to amend the terms of the outstanding loan facility to Credipresto SAPI de CV SOFOM ENR, subject to TSX approval. Javier Reyes, a director of Goldgroup, is a principal of Credipresto.

MAG Silver Corp. today announced that it has filed a preliminary short form base shelf prospectus with the securities commissions in each of the provinces of Canada, except Quebec. The base shelf prospectus will allow MAG to offer up to US$75,000,000 of common shares, preferred shares, debt securities, subscription receipts, units and warrants from time to time over a 25-month period after Canadian securities regulatory authorities have issued a receipt for the final short form base shelf prospectus.