The net proceeds of the Offering will be used to fund the exploration and development of the Company’s La Cigarra project in Mexico and for general working capital purposes.
Four prospect generators have surged over 100 percent so far in 2016. Here’s a look at who they are and what they’ve been up to.
Personal de PROFEPA y de la Procuraduría de Protección al Ambiente del Estado de Coahuila (PROPAEC), especializado en la atención de emergencias ambientales y el manejo de residuos peligrosos, acudieron, el pasado 4 de julio, al lugar de los hechos donde realizan visita de inspección a las instalaciones de la empresa y áreas aledañas, así como la toma de muestras de suelo y agua.
States Kootenay President and CEO James McDonald “We are very pleased with the results to date from Pan American’s exploration activities on Promontorio-La Negra. The La Negra silver discovery is a premier exploration target that demonstrates excellent potential to evolve into a low-cost, open-pittable silver resource. We are excited the drill campaign on La Negra is underway and look forward to reporting results as they are received from the program.”
GREAT PANTHER SILVER LIMITED is pleased to announce that due to increased demand, it has entered into an amended and restated underwriting agreement dated July 6, 2016 with Cantor Fitzgerald Canada Corporation, Rodman & Renshaw a unit of H.C. Wainwright & Co., LLC, as joint bookrunners, and Euro Pacific Capital, Inc. and Sprott Private Wealth LP, as co-managers to increase the size of its previously announced bought deal offering of units to US$26 million. The Underwriters have agreed to purchase, on a bought deal basis, 16,250,000 Units at a price of US$1.60 per Unit. As previously announced, each Unit consists of one common share in the capital of Great Panther and one-half of one common share purchase warrant. Each Warrant entitles the holder thereof to purchase one Share at the exercise price of US$2.25 per Share for a period of 18 months after the closing of the Offering.
Morro Bay Resources Ltd. is pleased to announce that the Shareholders of the Corporation approved all resolutions brought before them at the Corporations Annual General and Special meeting held in Calgary, Alberta, on June 30, 2016. The Corporation provides the following report on the voting results of the matters considered at the AGM, the particulars of which are set out in more detail in the Corporations Information Circular dated May 27, 2016:
BACANORA MINERALS LTD., the London and Canadian listed lithium company developing the Sonora Lithium Project in northern state of Sonora, Mexico, is pleased to provide an update on the activities being undertaken as part of the Company’s upcoming definitive Feasibility Study.
GREAT PANTHER SILVER LIMITED announces that it has entered into an underwriting agreement dated July 6, 2016 with Cantor Fitzgerald Canada Corporation and Rodman & Renshaw, a unit of H.C. Wainwright & Co., LLC, as joint bookrunners, and Euro Pacific Capital, Inc. and Sprott Private Wealth LP, as co-managers, to purchase, on a bought deal basis, 12,500,000 units of the Company at the price of US$1.60 per Unit for aggregate gross proceeds of US$20 million. Each Unit consists of one common share in the capital of Great Panther and one-half of one common share purchase warrant. Each Warrant entitles the holder thereof to purchase one Share at the exercise price of US$2.25 per Share for a period of 18 months after the closing of the Offering.
Golden Tag Resources Ltd. announces that the completion of the private placement as announced in the Company’s news release of May 26, 2016, is now targeted to be completed in approximately two weeks. While a significant portion of the funds have been received to-date the minimum of $500,000 has not yet been received although it has been informally committed.
The net proceeds of the Offering will be used by the Company to fund a portion of the Company’s capital program, which includes the purchase of two drilling rigs and ancillary supplies, and for working capital purposes. The objective is to extend the Company’s capability in technical mineral and water drilling programs in Africa.
Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team alone.
Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.
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