The gross proceeds from the offering are expected to be approximately US$150 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by Gatos Silver.
The net proceeds of the Private Placement will be used by Silver Bull for general working capital purposes.
Westminster Resources Ltd. announces that it has granted 1,650,000 incentive stock options to directors, officers and consultants of the Company that are exercisable at $0.175 per common share for a five-year term, in accordance with the Company’s stock option plan.
Inomin president John Gomez says, “We’re pleased to be completing the acquisition of Canada Metals and continue working with Peak on future capital raises.”
“We believe that the presence of buddingtonite in the SE Alteration zone would be significant in helping us to vector into new potential areas of epithermal veining, as this clay mineral is known to be associated with epithermal veining in different parts of the world, and does appear to occur on this property in association with the known Ixtaca epithermal veins.”
“Michelle Robinson and her team on the ground at Picachos have delivered promising early results indicating that the vein which hosts the historic high grade San Agustin gold mine may be of material width and vertical continuity.”
“Subject to a proof of concept program, this Technology has the potential to be a game changer for current and future lithium brine producers.”
The Program successfully verified the existence and continuity of mineralized gold and silver veins at the project, where there is no evidence of modern exploration. Results demonstrate several areas having potential to host high grade deposits that will be the focus of follow up drilling.
To the best of Riverside’s knowledge, the Santa Rosalia Mine area has never been drilled…As part of the drilling program Riverside will be using oriented core technology that should add significant understanding on the downhole vein and fault orientations allowing for more detailed interpretations and targeting for subsequent drilling campaigns.
Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.
Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.
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