Day: July 11, 2016

After dropping below $14 USD per ounce in January following a five-year decline, silver prices have been going from strength to strength in 2016, nudging $20.40 USD per ounce as of July 11. Whether you call it tenacity or just plain stubborn, the silver explorers and miners who have stuck it out in Mexico, the number one silver-producing country in the world, are emerging from the dark days of the downturn with renewed enthusiasm.

Maverix Metals Inc. and Pan American Silver Corp. are pleased to announce the closing of the previously announced plan of arrangement pursuant to which Maverix acquired 13 royalties, precious metals streams and payment agreements from Pan American.

Amato Exploration Ltd. announces the results of its Annual General Meeting held on June 30 th, 2016 in Toronto, Ontario and the results of the Scrutineer. At the Meeting, shareholders approved all resolutions put before them by management including setting the number of directors at four, the election of all director nominees, the appointment of the auditors, and providing annual approval of the 2008 Stock Option Incentive Plan.

Aeromao is a manufacturer of Unmanned Aerial Vehicles (UAV) used for survey and mapping purposes. Aeromao has quickly grown into a leader in the industry with their UAVs. Aeromao has sold their proprietary line of Aeromapper UAVs to clients operating in every continent – and approximately 50 countries in total.

First Mining Finance Corp. is pleased to announce that it intends to complete a non-brokered private placement financing of up to 20,000,000 units at a price of $0.80 per unit to raise gross proceeds of up to $16,000,000.

Fortuna Silver Mines Inc. announces that Dr. Thomas I. Vehrs has voluntarily retired as Vice President of Exploration of the company.

Candente Gold Corp. is pleased to announce, subject to regulatory approval, that it intends to carry out a non-brokered private placement to raise gross proceeds of approximately Cdn$500,000. Approximately $250,000 of the gross proceeds of the Private Placement are to be used to further define drill targets on the El Oro gold-silver project and approximately $250,000 will be used for working capital and general corporate purposes.

Paget Minerals Corp. announces that the Board of Directors has appointed Mark T. Brown, CPA, CA, as the interim CEO of Paget Minerals Corp. and accepted the resignation of David Volkert. Mr. Volkert has accepted a position with a larger company that was tailor made for his geological experience.