Month: June 2020

Oroco Closes Non-Brokered Private Placement

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.

Magna Gold Corp. Announces Settlement of Existing Arbitration Proceedings in Relation to the San Francisco Mine

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.

Valterra Increases Previously Announced Private Placement to $1.4 Million

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.

Canuc Announces AGM Results and New Director

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 Announces New Credit Facility, Closing of Notes Issue and Tender Offer Results

“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.”

Canasil Prepares to Drill Silver-Gold Targets at the Nora Project in Durango State, Mexico

Canasil President and CEO, Bahman Yamini, commented: “We look forward to starting field operations in Mexico with the drill program at the Nora project. The project is exceptionally well located in a region hosting large silver-gold mines and deposits, and presents the opportunity for discovery of a high-grade silver-gold epithermal vein system. Our local operating team based in the city of Durango will be taking exceptional care to ensure the safe operation of the program under the current circumstances.”

MAG Silver Announces US$50M At-The-Market Offering

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.

Mammoth Resources Provides Update on MCTO

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.

Silver One Resources Initiates Trading on the OTCQX

“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.

Golden Goliath Announces Private Placement

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 Announces Closing of Definitive Loan Facility Agreement with Accendo

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.

Brigadier Announces the Appointment of Oscar Mendoza as Special Advisor, Mexico

Ranjeet Sundher, CEO, remarks, “Brigadier is embarking on an aggressive growth trajectory, targeting overlooked gold and silver assets in stable jurisdictions with demonstrable potential for rapid advancement. Mr. Mendoza brings a wealth of experience in the sector, particularly in Mexico. I’m very pleased to welcome him as a Special Advisor and believe his experience and skill set will be instrumental as we move forward.”

Newmont Corporation Files Early Warning Report

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 Grant of Options

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 Appoints Interim CFO

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.

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