Month: June 2020

Golden Tag Resources Ltd. announces that it will hold an annual and special meeting of shareholders on August 4, 2020.

The proceeds of the Financing will be used to advance the Santo Tomas Project, including site preparation for an exploration drill program, the acquisition of surface rights and permits, a 3D IP geophysical survey, and general corporate purposes. In addition, certain contingent legal fees relating to the acquisition of the core Santo Tomas concessions are to be paid.

SSR Mining Inc. and Alacer Gold Corp. are pleased to announce that, in connection with their previously announced at-market merger of equal, the Australian Securities Exchange has granted SSR Mining conditional approval to be admitted to the official list of the ASX and SSR Mining CHESS Depositary Interests to be officially quoted on the ASX.

All of the matters submitted to the shareholders for approval as set out in the Company’s Notice of Meeting and Information Circular were approved by the requisite majority of votes cast at the AGM.

Shareholders voted in favour of all matters brought before the meeting including the re-appointment of PricewaterhouseCoopers as auditors for the ensuing year, and the election of management’s nominees as directors.

Magna Gold Corp. is pleased to announce that, further to its news release dated April 24, 2020, its subsidiary, Molimentales del Noroeste, S.A. de C.V. has entered into a definitive agreement with Peal de Mexico, S.A. de C.V. to settle the existing arbitration proceedings between Peal and Molimentales in relation to the Company’s San Francisco gold mine located in Sonora, Mexico.

Net proceeds from the private placement will be used to acquire a private Brazilian company that has a purchase agreement to acquire a 100% interest in the 172 ha freehold Lima Property for a purchase price of Cdn$500,000, as well as initial exploration work in preparation for bulk sampling at Lima, and for general working capital.

For compliance reasons, and as a result of his employer’s perceived conflicts, Mr. Kevin Olson was unable to accept his appointment as director of the corporation. As a result, the remaining board members have appointed Mr. Christopher Cheng, P.Eng to fill the vacancy.

“Teck’s already strong liquidity will be further augmented with these transactions,” said Don Lindsay, President and CEO. “Together with our US$4 billion revolving credit facility that matures in Q4 2024 and our US$2.5 billion project financing facility for QB2, this new US$1 billion facility and the extension of near term debt maturities will give Teck significant liquidity as we complete QB2 and the Neptune expansion project.”

Bob Willis, CEO & Director, stated, “San Marco very much appreciates the strong support from the institutional investor community. We are looking forward to continue a very expanded drill program at the Buck Property as soon as possible.”

MAG Silver intends to use the net proceeds of the Offering, if any, primarily to fund the completion of construction of the Juanicipio Project, with any remainder to fund further exploration of Juanicipio and other projects, and for working capital and general corporate purposes.

During this MCTO all management, officers and directors of the Company will be prohibited from trading in the Company’s shares pursuant to the Company’s black-out procedures.

“We are pleased to reach the milestone of advancing from trading on the OTCQB to the OTCQX. This will make it easier for our U.S. investors to participate in Silver One, by reducing the requirement of having a Canadian trading account,” said Greg Crowe, the CEO of Silver One.

The Company intends to use the net proceeds of the Offering to conduct a drilling program on the Company’s Kwai property in the Red Lake mining district and for general working capital.

Goldgroup Mining Inc. is pleased to announce that it has closed a definitive agreement in respect of the previously announced secured loan facility in the amount of USD$3,000,000 among the Company as guarantor, the Company’s subsidiary, Minas de Oroco Resources, S.A. de C.V. as borrower, and Accendo Banco S.A., Multiple Banking Institution, as lender.

“Our Phase One surface program at the Golden Giant has already shown signs of success and has yielded numerous areas of interest that are visually and geologically comparable to other gold discoveries in the region, namely Azimut’s Patwon discovery,” stated Albert Contardi, President & CEO of FMG.

Newmont Corporation announced today that on June 27, 2020, 3,034,393 warrants of Quebec Precious Metals Corporation held by Goldcorp Inc., its wholly-owned subsidiary, expired in accordance with their terms.

Magna Gold Corp. announces that it has granted a total of 2,250,000 incentive stock options to purchase common shares of the Company to certain officers, directors and consultants of the Company pursuant to the Company’s stock option incentive plan. Such options are exercisable at a price of $0.98 for a period of five years.

Prospero Silver Corp is pleased to announce that Grant Bosworth, a long-standing member of its board of directors, has agreed to accept appointment to the position of Interim Chief Financial Officer, filling the vacancy created by the previously announced resignation of David Huffer, pending the Company identifying a full-time replacement to join its management team.