Month: June 2019

Galore Resources Inc. is pleased to announce that it intends to commence a non-brokered private placement to raise gross proceeds of up to USD $1,500,000.00. The private placement will consist of up to 40,200,000 units, using the conversion rate of ($1 USD = $1.34 CAD) at a price of CAD $0.05 per unit, with each Unit consisting of one common share and one share purchase warrant. Each warrant will be exercisable into one additional common share at a price of CAD $0.10 per share for a period of two years from the date of closing of the financing.

San Marco Resources Inc. announces the results of its annual general meeting held on June 20, 2019. Tookie Angus, Brian Lock, Andy Carstensen, Craig Prenter and Robert Willis were re-elected as directors of the Company for the next year. Bill Myckatyn, did not stand for re-election. San Marco’s board thanks Bill for his years of significant contributions to San Marco and wishes him well in his retirement.

Alio Gold Inc. today announced that Institutional Shareholder Services and Glass Lewis & Co. have both recommended that shareholders vote FOR all proposed items to be considered at the upcoming Annual General & Special Meeting of Shareholders

Santacruz Silver Mining Ltd. reports that it has reached an agreement to amend the repayment terms of the US$ 2.3 million short-term loan that it has borrowed from a private Bolivian mining company as previously announced in the Company’s press releases dated March 7, 2018 and August 29, 2018. Pursuant to the amended terms, the principal balance of US$2.3 million is now to be repaid by January 30, 2020 (previously extended to October 1, 2018).

Fortuna Silver Mines Inc. hereby announces the voting results at the Company’s annual general meeting held on June 20, 2019.