Month: June 2016

Gold Resource Corporation Reduces Ownership in Canamex Resources Corp.

Gold Resource Corporation announced today as required by Canadian securities regulations that it has disposed of certain common shares it previously indirectly held of Canamex Resources Corp. The Company initially reported the acquisition of 22,222,222 common shares in the capital of Canamex in February 2014 which, at the time, represented approximately 18.4% of the issued and outstanding common shares of Canamex. Since the initial report, the Company has periodically reviewed its holding and, based on its stated investment objectives, has periodically sold common shares of Canamex.

Colibri Announces Closing of Non-Brokered Private Placement

Colibri Resource Corporation is pleased to announce that it has closed its previously announced non-brokered private placement of 1,000,000 units for total proceeds of up to $100,000 at $0.10 per Unit. Each Unit comprises of one common share of the Company and one half of one whole warrant to purchase an additional share at a price of $0.15 per share if exercised within the two years.

Vendome Resources Announces Proposed Private Placement

VENDOME RESOURCES CORP. announces a proposed non-brokered private placement financing for aggregate gross proceeds to the Company of up to $400,000 by issuing a maximum of 40,000,000 units at a price of $0.0075 per unit for maximum proceeds of $300,000, and 13,333,333 “flow-through” shares at a price of $0.0075 per share for maximum proceeds of $100,000. Each of the units will consist of one common share in the capital of the Company and one common share purchase warrant. Each warrant will entitle its holder to purchase one additional common share at an exercise price of $0.01 for a period of 3 years from the closing date of the private placement. There can be no assurance that the Offering will be completed, whether in whole or in part.

Alix Identifies Lithium-Bearing, Clay-Rich Sedimenatry Assemblage Over a 1.1 Km Distance At the Electra Project, Mexico

ALIX RESOURCES CORP. is pleased to announce the assay results of the recent round of sampling at the Electra Project in Sonora, Mexico, where values as high as 246.0 parts per million (ppm) lithium (Li) confirmed a target sedimentary assemblage with the potential of hosting economic lithium-bearing, clay-rich horizons. The Electra lithium project is contiguous to Baconora/REM’s Buenavista Lithium project.

Torex Announces Effective Date of Share Consolidation

Torex Gold Resources Inc. announced today that the previously announced consolidation of the Company’s issued and outstanding common shares on the basis of one post-consolidation Common Share for every ten pre-consolidation Common Shares is effective June 30, 2016. The Common Shares are expected to begin trading on a consolidated basis on the Toronto Stock Exchange when markets open on July 5, 2016.

Silver Bull Announces Closing of Third Tranche of Private Placement for Cumulative Gross Proceeds of CDN$1,477,100

Silver Bull Resources, Inc. is pleased to announce that it has completed the third and final tranche of the non-brokered private placement of units of the Company announced on May 12, 2016. Under the third tranche of the Private Placement, Silver Bull issued 3,670,000 Units at a price of CDN$0.13 per Unit for aggregate gross proceeds of CDN$477,100. Each Unit consists of one common share in the capital of the Company and one Common Share purchase warrant. Each Warrant entitles the holder thereof to acquire one common share at a price of CDN$0.16 until the date that is 12 months following closing of the Private Placement. If the closing price of the common shares of the Company on the OTCQB Venture Marketplace is US$0.18 or higher for five consecutive trading days, then the Warrant will expire 30 trading days from such fifth consecutive day.

Mundoro Reports on Annual General Meeting Results and Options Granted

Prior to the commencement of the Meeting, Michael Sheridan resigned from the board and withdrew his name as nominee for election as director at the Meeting due to personal reasons. As a result, he was not elected to the board. Mr. Hoey, Chairman of the Company stated, “On behalf of the Board, we would like to thank Mr. Sheridan for his years of service on Mundoro’s Board of Directors and wishes him well in his future endeavors.”

Avino Announces Extension of Concentrates Prepayment Agreement with Samsung C&T

Pursuant to an amending agreement, Avino will sell silver concentrates on an exclusive basis to Samsung until July 2018. Samsung has previously advanced to Avino the sum of US$10 million as prepayment of such concentrates, and the Facility will be repaid with interest using Avino’s future shipments of concentrates. Avino will make an initial payment of US$666,666 in June 2016, and Avino will repay the balance with interest by 14 additional monthly instalments commencing June 2017 and ending July 2018…

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