The net proceeds of the Issue will be used to advance development at the Company’s San Dimas and Black Fox mines as well as for exploration, working capital and general corporate purposes.
Minera Alamos Inc. is pleased to announce closing of a non-brokered private placement for gross proceeds of $400,000.
Primero Mining Corp., propietaria de la mina de oro y plata San Dimas en Durango, México, cuestiona al gobierno mexicano diciendo que las autoridades fiscales mexicanas están tratando indebidamente de cobrar más regalías a la empresa.
Silver Bull Resources, Inc. is pleased to announce that it has completed the second tranche of the non-brokered private placement of units of the Company announced on May 12, 2016. Under the second tranche of the Private Placement, Silver Bull issued 3,342,810 Units at a price of CDN$0.13 per Unit for aggregate gross proceeds of CDN$434,565. 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.
“I am pleased to announce that Avino has declared commercial production at its second, and largest mine on the Avino property. We have continued to build our first class mining operation over the last 19 months and declaring commercial production at the Avino Mine marks the achievement of another milestone for the Company. We are fortunate to have a strong and dedicated team of professionals who have been instrumental in making the transition to commercial production; I personally thank them for their significant contributions.
Mr. Alain Lambert, Chairman and CEO of Cyprium commented: “We appointed Bergmann in February to carry-out the Potosi shaft #3 project which consisted in the rehabilitation and improvement of the extraction capability of the shaft as well as improvement of infrastructure, security and preparation of prospective mining areas at levels 2 to 4 of the mine. Not only did Bergmann complete the project on time and on budget but they also contributed several ideas which strengthened the original plan.” He added: “Bergmann has a deep and extensive knowledge of the Potosi mine as they were the contractor used by our joint venture partner when the mine was last in production a few years ago.”
IMPACT Silver Corp. is pleased to announce that it has completed the second tranche of the brokered private placement announced on May 20, 2016. The second tranche raised a total of $795,264 by the issue of 1,395,200 worth of units at a price of $0.57 per Unit. To date, the Company has raised aggregate proceeds of $3,326,064. Each Unit consists of one common share and one-half of one warrant. Each whole warrant entitles the holder to purchase one common share per Warrant at a price of $0.90 per Share for a period of 36 months from the date of issuance.
Primero Mining Corp. announced today that it has issued a Notice of Intent to submit a claim to international arbitration against the Government of Mexico, pursuant to Article 1119 of the North American Free Trade Agreement.
John-Mark Staude, President and CEO, stated: “Carol Ellis and Walter Henry bring solid experience and diverse skillsets that will nicely complement the Company’s existing board. We are very pleased to add two quality and well-respected contributors to the Riverside team.”
Mr. Mah, B.Sc., P.Geo., is a professional geologist with 20 years of experience in the mining industry. He brings to Endeavour a wealth of technical experience and analytical skills needed in order to generate, evaluate and negotiate M&A opportunities in the silver mining sector for Endeavour. Dale has held senior positions in mineral exploration, investment research and project evaluation throughout his career. As a result, his knowledge of the capital markets, investment banking, equity research, precious and base metals project management and valuation, financial modeling, mine economics, and reserve and resource estimation are a good fit with Endeavour’s management team.
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