Month: April 2016

Eric Sprott announced today that he acquired ownership and control of 6,666,667 units of Excellon Resources Inc. at a price of $0.45 per Unit, with each Unit being comprised of one common share of the Corporation and one-half of one Share purchase warrant. Each Warrant entitles the holder thereof to acquire one additional Share at a price of $0.65 per Warrant Share for a period of 24 months from the date of issuance of the Warrant. The Units represent approximately 15.4% of the currently issued and outstanding Shares on a partially diluted basis.

Southern Silver Exploration Corp. reported that at its annual general meeting held on March 30, 2016 the following directors were re-elected: Lawrence Page, Q.C., D. Roger Scammell, Eugene Spiering, Nigel Bunting, Larry Buchanan and Peter Cheesbrough. The following officers were re-appointed subsequent to the annual general meeting: Lawrence Page, Q.C. as President, Graham Thatcher as Chief Financial Officer and Arie Page as Corporate Secretary.

The proceeds from the Financing will be used in the ongoing implementation of the previously announced Optimization Plan at the Platosa Mine and for general corporate purposes. Phase II of the Optimization Plan is expected to commence in early April with the drilling of primary dewatering wells.

“Copper production for the quarter comfortably met our guidance,” said Darren Pylot, President and CEO of Capstone. “At Pinto Valley, mill reliability and throughput continued the positive momentum from the fourth quarter of 2015, once again exceeding expectations, with quarterly throughput averaging 55,000 tonnes per day.Minto posted very strong production led by better than expected recoveries, partially offsetting a production shortfall at Cozamin.”