Defiance Silver Corp. announces that is has appointed Mr. Chris Wright to fill the role of CEO, on an interim basis, while it conducts a thorough search for a permanent candidate. Mr. Peter Hawley has resigned as Interim Chief Executive Officer, President and Director. Mr. Hawley will remain as a technical advisor.
Neil Woodyer, CEO, stated ‘We are very pleased to finalize this debt financing and we appreciate the strong support from our three Joint Lead Arrangers, Societe Generale, Investec Bank plc, and ING Capital LLC and the new syndicate members. The combination of our new 5.5-year amortizing Term Loan and 5.5-year bullet RCF will provide a cost-effective and flexible structure to finance our growth. With long-term funding in place, we will now launch our phased development plan that positions Leagold to become a 600,000 to 700,000 ounce per year gold producer. ‘
GREAT PANTHER MINING LIMITED reports the results of its Annual General and Special Meeting of Shareholders held on June 24, 2019 in Vancouver, BC.
Ridgestone Mining Inc. is pleased to announce that it has entered into an agreement to purchase a 100% interest in 10 mining concessions adjacent to its Rebeico gold copper project, Sonora, Mexico.
‘The completion of the feasibility study for the Camino Rojo Oxide Project marks an important milestone for Orla and substantial progress toward construction of the Companys first mine’, stated Jason Simpson, President and Chief Executive Officer of Orla. ‘The results demonstrate robust project economics with low development capital and a straight-forward path to approximately 100,000 ounces of expected annual gold production. We will be working towards submitting environmental assessment and permitting documents and securing project finance over the upcoming months with the expectation to deliver gold by mid-2021. With the continued support of local communities and stakeholders, we have a fantastic opportunity to develop a quality mine. We are also considering ways to unlock value from a much larger sulphide mineral resource and have initiated exploration on other priority targets on our extensive concession area’, added Mr. Simpson.
‘Our Lupita delineation and exploration program is emerging as an important success story at Mercedes,’ commented Stephen McGibbon, Executive Vice-President. ‘We are concurrently activating teams in under-explored areas on the property in an effort to discover new deposits’.
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.
Indicated Mineral resources – 134 million ounces silver equivalent or 2.0 billion pounds zinc equivalent. A 0.97Mt increase to 11.1Mt averaging 105g/t Ag, 0.1g/t Au, 0.16% Cu, 1.2% Pb and 3.7% Zn (375g/t AgEq; 8.2% ZnEq), containing: 37.5 million ounces of silver; 35 thousand ounces of gold; 40 million pounds of copper; 303 million pounds of lead; and 897 million pounds of zinc.
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 Marcos 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
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