Day: June 29, 2016

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…

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