Month: December 2015

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.

Starcore International Mines Ltd. confirms that it is not aware of any reason as to why trading in its common shares has been halted by the Securities & Exchange Commission. The Company is not a reporting issuer in the United States and is up-to-date on all its regulatory filings in Canada. Having issued this clarification, the Company expects trading to resume on the Toronto Stock Exchange.

BACANORA MINERALS LTD., the Canadian and London listed company that is developing the Sonora Lithium Project in northern Mexico, announces that David Lenigas has resigned from the Board with immediate effect.

Prospero Silver Corp.: Further to the Company’s news release of December 3, 2015; the Company wishes to report that the non-brokered private placement first announced on October 22, 2015 of 4,000,000 units at a price of $0.075 per Share, for gross proceeds of CDN $300,000 was completed with an aggregate of 3,763,333 shares being subscribed for, with gross proceeds of $282,249.98. Each Unit consists of one common share of Prospero and one non-transferable share purchase warrant exercisable for a term of 5 years. Each Warrant will entitle the holder thereof to purchase one Share at an exercise price of $0.12 per Share.

GoGold recorded revenue of $12.5 million from the sale of 825,236 silver equivalent ounces since declaring commercial production on March 1, 2015 at the Company’s Parral operation during the year ended September 30, 2015.

* The shutdown at Velardena has progressed on time and below cost projections, due primarily to reduced severance costs as a number of employees have been assigned to work at the oxide plant, which is leased to a third party
* The Company has received an $800,000 tax refund related to activities of ECU Silver Mining, prior to its acquisition by the Company in September 2011
* The Company has received a $500,000 payment under the oxide plant lease earlier than expected, as required permits have been obtained and ore processing has commenced in December

Red Tiger Mining Inc., is pleased to announce that it has closed on 16,336,664 common shares of its previously announced private placement for approximately CAD$816,833 (or CAD$0.05 per common share).

Additionally, Red Tiger announces that it has resumed mining operations at the Luz del Cobre mine. Mining had previously been suspended in November 2014 due to the presence of clay material, which was stacked on the leach pad.