Day: May 20, 2016

Peter Secker, CEO of Bacanora, commented, “We are very pleased to welcome Blackrock, our second major institutional investor, to our shareholder register. In our view, raising £7.7 million (with the potential to increase this to an aggregate of £10 million) at the prevailing share price in current market conditions is testament to the potential of the Sonora Lithium Project to be a major supplier to the lithium market, as highlighted by the recent PFS. BlackRock is not only gaining exposure to Bacanora at an exciting time in its development, but also to the attractive demand / supply dynamics of the global lithium market. Thanks to lithium’s key role in highly innovative industries such as smartphones, electric vehicles and energy storage, supply is expected to struggle to match continued rapid growth in demand for many years to come. We believe Bacanora is well placed to play its part in closing this expected shortfall in supply and I look forward to providing further updates on our progress.”

Avino Silver and Gold Mines Ltd. is pleased to announce that through May 18, 2016, it has sold 3,000,149 common shares in the aggregate through its previously announced At-the-Market offering for gross proceeds of USD$3,985,891. The funds have been and will be used to advance the development of the Company’s Avino mine property and its mining operations in Mexico, to develop the Bralorne mine, and for general working capital.

IMPACT Silver Corp. is pleased to announce a brokered private placement of a minimum of $3,000,000 worth of units, at a price of $0.57 per Unit (a minimum of 5,263,158 units). Each Unit consists of one common share and one-half of one warrant. Each whole warrant entitles the holder to purchase one common share per Warrant at a price of $0.90 per Share for a period of 36 months from the date of issuance.

The net proceeds of the Offering will be used to fund the Corporation’s continued exploration and development of its silver assets in Mexico, and for general working capital purposes.

Darren Blasutti, President and Chief Executive Officer, commented, “We are very pleased to welcome Eric Sprott and new cornerstone institutional shareholders. With an improved balance sheet and enhanced access to capital, we are now better positioned to continue improving on our cost structure, build San Rafael and deliver on our stated goal of generating value for our shareholders.”

The net proceeds of the Private Placement will be used by Silver Bull for general working capital purposes. The Company has agreed to pay a finder’s fee on the initial tranche of CDN$5,195 from subscriptions arranged by certain brokers.