Month: June 2019

Advance Gold Announces Private Placement Financing to Fund Geophysical Program and Further Drilling

Advance Gold Corp. announces that, subject to the approval of the TSX Venture Exchange, it proposes to undertake a non-brokered private placement of units at a price of 5 cents per Unit. Each Unit shall be comprised of one common share in the capital of the Company and one common share purchase warrant with each warrant being exercisable to purchase one common share at a price of seven cents per share at any time within 24 months of the date of issuance.

Gainey Advances Drilling Program at Las Margaritas

David Coburn, Gainey CEO, stated ‘We are excited about the high gold grades obtained in our surface sampling program and the fact that Las Margaritas has never been drilled. Our exploration team has been optimizing our drill program to test the down-dip and strike continuity of the mineralization and we are now ready to move forward. Discussions with drilling contractors are underway and mobilization of equipment is expected to begin in the coming weeks.’

Endeavour Silver Receives Final Tailings Permit for the Terronera Mine Project in Jalisco State, Mexico

Now that the Terronera mine project is fully permitted, Endeavour Silver plans to complete a final improved prefeasibility study in the 3rd quarter and arrange appropriate financing to build Endeavour’s next core asset. Following an estimated eighteen month construction period, the Terronera mine is expected to produce more than 5 million oz silver equivalents (at an 80:1 silver:gold ratio) over a minimum 12 year mine life, at an all-in sustaining cost per oz of silver produced in the lowest quartile of industry peers.

Goldplay Announces Private Placement and Debt Settlement

Goldplay Exploration Ltd. is pleased to announce that the Company will undertake a private placement of up to 8,800,000 common shares at a price of $0.125 per share for gross proceeds of up to $1,100,000. The proceeds of the Offering will be used for exploration on the Company’s San Marcial property in Mexico and general and administration costs for its operations in Mexico and Canada.

Telson Mining Corporation Reports Tahuehueto Underground Assays

Telson Mining Corporation is pleased to once again report significant channel sample assay results from underground mine development at it’s Tahuehueto Project, a 1,000 tonne per day gold mine currently in construction development. Ongoing sampling during underground development continues to return results that verify the reserves and resources within the geological model and demonstrate the high quality of the gold mineralizing system at Tahuehueto.

Sonoro Metals Proposes $750,000 Private Placement Financing

Sonoro Metals Corp. announces that the Company proposes to undertake a non-brokered private placement of up to 4,167,000 units at a price of $0.18 per Unit, for gross proceeds of up to $750,060. Each Unit will consist of one common share and one-half of a common share purchase warrant. Each Warrant will entitle the holder thereof to purchase one common share of Sonoro at an exercise price of $0.27 during the one year following the closing of the Offering. The Company may pay a finder’s fee or commission on a portion of the Offering.

Discovery Announces Application To Extend Warrants

Discovery Metals Corp. announces it has applied to the TSX Venture Exchange to extend the term of an aggregate of 31,237,000 outstanding common share purchase warrants that were issued pursuant to a non-brokered private placement as described in the Company’s news releases dated July 17, 2017, July 19, 2017, and August 17, 2017.

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