Silver Spruce Resources Inc. announced today that it has granted 6,750,000 stock options to directors and consultants of the Company with an exercise price of $0.05 per share and an expiry date of June 16, 2025.
Arturo Bonillas, President and Chief Executive Officer of Magna, stated, “While we continue to aggressively advance our re-engineering and optimization of the San Francisco mine, the residual leach operation continues to provide high-margin gold production that has helped to bolster our balance sheet. We continue to be excited about the prospects at San Francisco and look forward to providing our shareholders and the market with an initial view of the mine’s potential in the near-term.”
“M3SH strives to assist clients in gaining new levels of performance, while improving health, safety and wellness – making work easier, safer and more connected using the latest digital solutions. For M3SH this MoU marks a significant development in our ability to deploy our IIoT solutions while working with Canuc and using the Ioticiti Networks Inc. platform,” stated Andre Jansen Van Rensburg, CEO of M3SH.
The Company intends to use the net proceeds of the Private Placement to conduct exploration work on its Tombstone CRD silver-gold-lead-zinc-copper project in Arizona and its Cervantes Porphyry gold-copper project in Mexico, and for general working capital purposes including repayment of working capital loans from two insiders and a strategic investor.
Mr. Ralph Shearing, Telson’s CEO and President states ” Telson’s management is extremely pleased to have gained the major financial support of Accendo Banco and upon closing of the US$12 Million loan facility, the Company will be in a position to advance its 100% owned Tahuehueto gold mine towards the completion of construction which we strive to achieve in early 2021.
Shareholders voted in favour of all items of business, including the election of each director nominee by show of hands.
“We have a special opportunity at Silver City to put the first drill holes into an historic high-grade silver district,” stated Ben Pullinger, SVP Geology.
“Now that Oroco is quoted on the OTCQB and is DTC eligible, it is significantly easier for U.S.-based investors to participate in Oroco’s share ownership,” said Oroco CEO Craig Dalziel. “This is an important step in increasing the Company’s exposure to the U.S. investment community.”
Five developers have handed in proposals for early stage geothermal project financial support from the Mexican Geothermal Financial Program managed by INEEL and funded by the Inter-American Development Bank.
Proceeds from this financing will be used for working capital purposes, including corporate development expenses.
Fresnillo plc recontratará a 130 ex colaboradores de la unidad minera Madero de Peñoles a partir del 18 de junio para que se integren en las unidades de Fresnillo y Saucito.
Candelaria Mining Corp. is pleased to announce that it has entered into a letter agreement with Accendo Banco, S.A. providing the terms under which Accendo will provide a loan facility for US$9 million. Funds advanced under the facility will be used for financing construction of the Company’s Pinos project and working capital purposes.
The Amendment Agreement accelerates the due date for the final $1.5 million option payment to Vista and provides for an additional $2.1 million payable to Vista in lieu of being granted certain royalties and back-in rights.
Prime Mining Corp. is pleased to announce that Mr. Daniel Kunz has been appointed Chief Executive Officer, replacing Mr. Andrew Bowering who has been appointed Executive Vice-President.
Akiba Leisman, Chief Executive Officer of Mako states, “these high-grade shallow intercepts at Bayacun have been extremely predictable now that our understanding of the geologic controls at this zone have been refined.”
Millrock President & CEO commented: “We are pleased to be drilling again to further test the Aurora Target, which lies immediately southwest of the Goodpaster gold deposit discovered by our neighbours, Northern Star Resources.
Mr. Barry Devlin, Vice President of Exploration, stated, “We continue to evaluate numerous opportunities in Nevada, and are excited to have acquired the Golden Mile property within our Nevada Mining Unit’s area of influence.”
First Mexican Gold Corp. is pleased to announce that further to its press release of May 22, 2020, the Company has closed the first tranche of its previously announced private placement for gross proceeds of $1,235,229.73.
El Sindicato Nacional de Mineros Independientes dio a conocer los documentos de la Secretaría del Trabajo y Previsión Social que acreditan la constitución legal de su gremio, por lo que solicitó la intervención de Gobierno del Estado “para hacer valer nuestro derecho a la libre asociación sindical”.
The Amendment Agreement accelerates the due date for the final $1.5 million option payment to Vista and provides for an additional $2.1 million payable to Vista in lieu of being granted certain royalties and back-in rights.
“We’ve been trying to get somebody to the table to finally put this behind us,” First Majestic CEO Keith Neumeyer told Reuters.
The $178,855.49 loan, which was due June 16th, was paid off on June 13th. The company was able to satisfy this loan using a new debt obligation.
The Company is requesting the MCTO in order to secure additional time to finalize the Annual Financial Statements. As a result of the recent COVID-19 pandemic and the unexpected delays connected therewith, the Company anticipates a longer than anticipated timeframe for the audit of the Annual Financial Statements. However, it is the Company’s reasonable expectation that the Annual Filings will be finalized by July 15, 2020.
First Majestic Silver Corp has asked Canada’s ambassador to Mexico to intervene in an escalating tax dispute with President Andres Manuel Lopez Obrador’s government, the Canadian miner’s chief executive said on Friday.
The CEO of the Company stated: “The filing of the amended 43-101 technical report addresses comments raised by the BCSC. The Company, together with qualified persons, have addressed the comments and all sections are updated in the document filed on SEDAR today.”
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