Month: December 2018

Avino Announces US ATM Offering Of Up To US$8.0 Million

Avino Silver & Gold Mines Ltd. announces that it has filed a new short form base shelf prospectus dated December 21, 2018 in Canada, pursuant to which Avino may distribute common shares from time to time through Cantor Fitzgerald & Co. as agent or as principal, pursuant to an amended and restated sales agreement currently in effect with the Agent for the distribution of the Offered Shares in the United States up to the aggregate sales amount of US$8.0 million in accordance with the terms of the Sales Agreement.

Consolidated Zinc Ltd. – Detailed Costing Study Clarification

As set out in the September 2018 Quarterly Report announced on 29 October 2018, Consolidated Zinc Limited has undertaken a Detailed Costing Study that was submitted to banks and merchant trading houses and led to finance offers for the Plomosas Project. However, the opportunity presented by Grupo Mexico’s toll treatment and offtake agreement offered greater benefits and was accepted making the Study redundant in its current form.

First Majestic Silver Corp. Announces At-The-Market Offering Equity Program

First Majestic Silver Corp. is pleased to announce it has entered into an equity distribution agreement dated December 27, 2018 with BMO Capital Markets Corp. pursuant to which the Company may, at its discretion and from time-to-time during the term of the Sales Agreement, sell, through the Agent, such number of common shares of the Company as would result in aggregate gross proceeds to the Company of up to US$50.0 million.

Defiance Silver and ValOro Resources Announce Completion of Merger

Peter J. Hawley, President and CEO of Defiance, stated “We are pleased to complete the merger with ValOro and look forward with a shared common vision to unlock further exploration potential at the San Acacio silver project and Tepal gold project. I thank the shareholders of both Defiance and ValOro for their support of this transaction.”

Silver One Provides Highlights of 2018 Exploration and Development, Announces C$460,000 Non-Brokered Private Placement, Restructures Net Smelter Return Agreements with First Mining Gold

Greg Crowe, President and CEO of Silver One Resources commented, “Since the Company started trading in Q3 2016, Silver One has continued to grow its mineral assets to include its flagship project, the past-producing silver mine at Candelaria and a highly prospective silver-gold exploration opportunity at Cherokee, both in Nevada.This is in addition to three silver projects located in Mexico acquired from First Mining Gold in 2016.The company has worked diligently to build a strong asset base despite a difficult time for the commodities sector and is now in a position to focus on organically growing these exceptional properties.The completion of the above announced private placement will allow the Company to conduct a limited drill program on its Peñasco Quemado project in Sonora State, Mexico which has geological similarities to the South32 Hermosa-Taylor project in Arizona.South32 recently acquired Arizona Mining for US$1.3 billion.”

Prize Mining Announces the Appointment of Dallas Pretty to the Board of Directors and Resignations of David Schmidt, Feisal Somji and Robert Archer

“Dallas brings over twenty years of experience in accounting, finance, capital and public markets to Prize and we are pleased to have him join our Board of Directors” stated Michael McPhie, President & CEO of Prize Mining. “We would like to thank Feisal, Robert ad David for their work with the company and wish them well in their future endeavors.”

Silver Spruce Resources Inc. announces extension of the current private placement priced at $0.025 to January 23, 2019.

Silver Spruce Resources Inc. announces that further to its news release dated November 26, 2018, to complete a non brokered private placement of up to 60,000,000 units at a price of $0.025 and one common share purchase warrant at $0.05 the TSX Venture Exchange has granted an extension to the deadline to complete the previously announced private placement to on or before January 23, 2019.

Consolidated Zinc increases ownership in Plomosas mine to 90%

Brad Marwood, Chief Executive Officer of the Company commented “We are very happy to have secured the increase in ownership of the Plomosas Mine as we see a bright future for the mine that will deliver increased shareholder value. Over the next 9 months the team will be pursuing avenues to increase production and decrease costs while revenues from zinc sales will allow the Company to resume resource definition drilling to increase the resource base and confidence.”

Camrova Resources Inc. Announces Option Agreement and Private Placement

CAMROVA RESOURCES INC. announced today it has entered into an option agreement with Armex Mining Corp., a private mining company located in Vancouver, British Columbia granting it the right, effective as of December 24, 2018 to earn up to a 50% interest in and to certain mineral claims adjacent to and forming part of Armex’s Goldstream Mine Project located approximately 100 kilometers north of Revelstoke, British Columbia.

Alianza Minerals $862,200 Financing Fully Subscribed

Jason Weber, P.Geo., President and CEO of Alianza noted that “The financing was done quickly with very good demand from existing and new shareholders. Exploration plans will be finalized in the first quarter and we look forward to an active 2019 for Alianza Minerals.”

Mexican Gold Corp Provides Update on Financing

MEXICAN GOLD CORP. is pleased to provide an update on the second tranche of the previously announced non-brokered private placement of units in the Company at $0.20 per Unit for gross proceeds of up to $3,000,000, subject to the Company’s option to increase the size of the private placement by 25%.

GoGold Announces Financial Results and Record Production for the Year Ending September 30, 2018

Mr. Brad Langille, CEO stated, “The Company is in a very strong financial position and is actively looking at opportunities to add quality undervalued assets. I am very pleased with the pace at which production is increasing as Parral gets back up to normal production levels. We expect production for the current quarter to be between 325,000 and 355,000 silver equivalent ounces.”

Mexus releases additional promising assay results

“Our resident geologist, Cesar Lemas, is pleased with the result of our initial drilling. He feels we are well on way to proving a resource which will give us multiple options moving forward. I wish all of our loyal shareholders a Happy Holiday!” added Mexus CEO Paul Thompson.

Aura Announces Share Consolidation

Aura Minerals Inc. today announced a consolidation of its common shares on the basis of one new Share for ten old Shares, effective December 31, 2018. The Company’s consolidated common shares are expected to begin trading on the Toronto Stock Exchange when the markets open on January 4, 2019.

Candelaria Mining Announces $4,200,000 Private Placement Financing

The Company intends to use the net proceeds of the Private Placement for expenditure related to construction of the Pinos project as outlined in the Preliminary Economic Assessment and described in the press release dated September 13, 2018 and general corporate needs. In conjunction with the Private Placement, the Company is exploring other financing alternatives that may include further equity or debt financing to fully fund the Pinos capital expenditure.

Santacruz Silver Completes Issuance of Advisory Fee Shares

Santacruz Silver Mining Ltd. has completed its previously announced issuance of 250,000 of its common shares to Haywood Securities Inc. pursuant to an amended financial advisory agreement between the Company and Haywood. The Advisory Fee Shares were issued to Haywood, along with a cash payment of $1,063, in satisfaction of general financial advisory services provided to the Company by Haywood, including services relating to the Company’s disposition of its interest in the Gavilanes Project in August 2017. The TSX Venture Exchange has accepted the issuance of the Advisory Fee Shares. The Advisory Fee Shares were issued at a deemed share price of $0.085 (gross value: $21,250).

First Mining Appoints Chief Executive Officer

First Mining Gold Corp. is pleased to announce that Daniel Wilton has been appointed as the Company’s new Chief Executive Officer effective as of January 7, 2019. Mr. Wilton replaces Dr. David Shaw, a First Mining director who was appointed as interim CEO in mid-October 2018 until a permanent CEO had been identified. Dr. Shaw will continue to serve as a director of the Company.

Westminster Resources Ltd. Announces Executive Change and Peru Property Update

Westminster Resources Ltd. is pleased to announce the appointment of Mr. Jason Cubitt as the new Interim President and Chief Executive Officer of the Company effective immediately. The Company has accepted the resignation of Mr. Glen Indra as its President, CEO and Director and wishes to thank Glen for his years of service to Westminster.

Minera Alamos Concludes a Successful Year of Development at La Fortuna Gold Project in Durango, Mexico

“As one of two foundational assets that have been rapidly advanced this year, La Fortuna now has key permitting and technical milestones in place. This provides a path to a commercial production decision in the second half of 2019,” commented Darren Koningen, Chief Executive Officer. “Minera can now begin development activities at La Fortuna that will run in parallel with the proposed development of the Santana gold project and allow for our development team to transition from Santana to Fortuna as the year progresses.”

Almadex Provides Exploration and Corporate Update

Almadex Minerals Ltd. is pleased to provide an update on its exploration activities. Subsequent to the spinout of Almadex earlier this year the Company has reviewed its portfolio of exploration projects and has initiated various field work programs. The work conducted has included additional lithology and alteration geologic mapping, soil sampling and geophysical surveys all with the intention of defining specific targets for drilling. The Company has also acquired additional claims on some of these projects.

Tango Gold Project Transaction and Private Placement

Prime Meridian Resources Corp. has concluded a binding term sheet for an option to purchase a 100-percent interest in the Tango gold project in southern Sinaloa state, Mexico. The Tango project consists of 3954 hectares over four contiguous concessions in Mexico’s southern Sinaloa State. The Tango concessions have over one hundred historic workings including larger tunnels and stopes as well as several smaller workings and pits.

McEwen Mining Announces Closing of Financing

McEwen Mining Inc. is pleased to announce that it has closed its previously announced “bought deal” private placement of 6,634,000 common shares of the Company that will qualify as “flow-through shares” at a price of US$2.26 (Cdn$3.02) per Flow-Through Share for total gross proceeds of US$15,000,000 (Cdn$20,034,680). The Offering was completed through a syndicate of underwriters led by Cantor Fitzgerald Canada Corporation as sole bookrunner and included BMO Capital Markets and TD Securities Inc.

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