Month: June 2020

Silver Spruce Grants Stock Options

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.

Magna Gold Corp. Provides Corporate Update

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.”

Canuc Announces MoU for IoT Equipment Distribution with M3SH Technologies

“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.

Aztec Minerals Arranges CAD$3 Million Private Placement Financing

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.

Telson Forms Strategic Funding Alliance with Accendo Banco for US$12 Million

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.

Oroco to List on the OTCQB Venture Market

“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.”

Candelaria Mining Announces US$9 Million Medium Term Loan Facility

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.

Telson Updates Delay in Filing Annual Financial Statements and Management’s Discussion and Analysis

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.

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