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 Companys option to increase the size of the private placement by 25%.
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.
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.
No escuche lo que dicen las mineras. Mire lo que hacen.
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 Companys consolidated common shares are expected to begin trading on the Toronto Stock Exchange when the markets open on January 4, 2019.
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 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).
Globexplore is a customer focused, technology driven mineral exploration drilling contractor devoted to top of class drilling methods and techniques that only years of experience can achieve. Every day we strive to be the industry leader by providing the highest rate of performance, professionalism, safety and environmental responsibility.
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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The DOF is the organ of the Constitutional Government of the United Mexican States, which has the function of publishing in the national territory, to so that they are properly observed and applied in their respective areas of competence.
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