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.”

Rob and Cheryl McEwen Invest $10 Million in Laurentian University’s School of Architecture

The Laurentian University School of Architecture will now be known as the McEwen School of Architecture, in recognition of a significant investment by Rob and Cheryl McEwen. A blue and gold banner bearing the McEwen name was unfurled outside the School in downtown Sudbury today, as the McEwens announced a $10 million gift. Four million dollars will be used to complete the School’s $45 million state-of-the-art facility. The remaining $6 million will enhance the student experience and maximize their capacity to become agents of change for architecture

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…

Highvista Gold Inc. Updates on Change of Business and Sale of Mining Assets

Highvista Gold Inc. provides a further update to its announced change of business dated August 31, 2015, after an extensive review of the strategic investment landscape and opportunities to drive shareholder growth, the Corporation has decided to transition its investment focus to include the areas of equipment financing in the construction and infrastructure areas and real estate-oriented investments and to not at this time pursue existing or future investments in the mining area as previously announced. In the context of this change in focus, the Corporation is pleased to announce that it intends to sell all of its interests in its Mexican mining exploration assets to Minerales y Yacimientos Mexicanos Sacreamento S.A de CV, an arm’s length private company. The Corporation holds its interests in its Mexican assets through Minera Cascada de Oro, S.A. de C.V.,, wholly owned by the Corporation’s two wholly owned subsidiaries…

Oceanus Reports Assay Results and Mobilizes Diamond Drill to its El Tigre Property in Sonora, Mexico

Oceanus Resources Corporation is pleased to provide new assays results from its ongoing infill gap sampling program on the legacy diamond drill core at its 100% owned El Tigre Property in Sonora, Mexico. Oceanus disclosed the results from the first 28 drill holes located between Sections 4400N and 4000N in press releases dated March 7, 2016 and May 16, 2016. The company has now released results from 53 holes over a strike length of 1675 meters along the El Tigre deposit (Sections 4975N to 3300N).

Goldgroup brinda una actualización sobre el Proyecto San José de Gracia

Goldgroup Mining Inc. ha leído un artículo noticioso de fecha 26 de junio de 2016, publicado por Noroeste, un importante periódico con base en el estado de Sinaloa, con relación a un cierre obligatorio informado de las operaciones mineras de San José de Gracia por parte del Gobierno estatal. Si bien Goldgroup considera que el artículo es confiable, todavía no ha tenido la posibilidad de confirmar, de manera independiente, los hechos informados en el artículo.

Goldcorp releases 2015 Sustainability Report

“Our annual Sustainability Report offers Goldcorp a valuable opportunity to engage our stakeholders and further focus and prioritize our sustainability and corporate social responsibility activities,” said Mr. Brent Bergeron, Executive Vice President, Corporate Affairs and Sustainability. “Goldcorp’s 2015 Sustainability Report responds to our stakeholders’ questions and concerns, as we strive for continuous improvement in our disclosure, as well as our sustainability performance. We believe transparency in all levels of reporting is fundamental to building and maintaining trust amongst the people and communities affected by our operations, and we will continue to improve the relevance, accessibility and transparency of our sustainability reporting.”

Gold Extends Biggest Rally in Seven Years as Brexit Hits Markets

“I’m bullish gold because now with Britain leaving there could be danger of the whole euro zone having more political issues,” Miguel Perez-Santalla, a sales and marketing manager at Heraeus Metals New York LLC, said in a telephone interview. “People are going to want to stay hedged with gold; they didn’t think the Brexit was possible, and then it happened.”

Goldgroup Provides An Update On San José de Gracia Project

Goldgroup Mining Inc. has read a news article dated June 26, 2016, published by Noroeste, a major newspaper based in the state of Sinaloa, in regards to a reported mandatory shutdown of the San José de Gracia mining operations by the State Government. While Goldgroup believes the article to be reliable, it has not yet had an opportunity to independently confirm the facts reported in the article.

Silver Bull to Complete CDN$464,100 Third Tranche of Private Placement, for Cumulative Gross Proceeds of CDN$1,464,100

Silver Bull Resources, Inc., is pleased to announce its intention to complete the third tranche of the non-brokered private placement of units of the Company announced on May 12, 2016. The Units will be issued at a price of CDN$0.13 per Unit. Each Unit will consist of one common share in the capital of the Company and one Common Share purchase warrant. Each Warrant shall entitle 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 thirty trading days from such fifth consecutive day.

Mexus Gold US announces Santa Elena mine update

Added CEO Paul Thompson, “I’m thrilled with MarMar’s progress to date. They continue to meet and exceed the time frames they have laid out. I look forward to the day that we can announce the mine is in full production.”

Empresas reciben maquinaria con proyecto Inadem-Clusmin

El crecimiento de la industria minera, debe ser integral y balanceado al crecimiento de las empresas proveedoras del sector, ya que las minas no podrían operar eficientemente sin el desarrollo parejo de ambos tipos de compañías, expresó el gerente de Minera Saucito de la compañía Fresnillo PLC, Héctor Vázquez Marrufo.

Clausuran mina San José de Gracia

El Gobierno del Estado dice que podría reabrirse si mejoran las condiciones laborales; investigan si ocurrió la muerte de dos o tres personas en un derrumbe

AHMSA Crea Patronato y SCM Corresponsalía Cultural en Monclova

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