The Company wishes to settle an aggregate of up to $650,000 of indebtedness by the issuance of up to 9,300,000 Shares and 9,300,000 Warrants at $0.07 per Unit.
Fresnillo plc regrets to announce the death of Mr Luis Robles, independent non-executive director of the Company, after a short illness. The Board extends its deepest condolences and sympathies to Mr Robles’ family and would like to take this opportunity to express its thanks for his significant contribution to the Company.
The results confirm the presence of wide and high-grade zones of silver, gold, lead and zinc mineralization, close to the surface in a new mineralized structure paralled to the San Juan Area. In addition to encountering attractive, near surface polymetallic (Ag-Au-Pb-Zn) mineralization at Yecora, gold-hosted veins have been identified indicating new opportunities for shallow drilling.
Great Panther President and CEO Rob Henderson commented: “We are pleased to have completed another productive drilling campaign at GMC, successfully outlining new resources and demonstrating the quality of the orebody.”
The Company intends to use the net proceeds of the Private Placement to advance development of its near term gold production and near surface exploration opportunities while advancing drill targets on the El Oro project, its flagship asset, and for general working capital purposes.
Fred Davidson, President & CEO of IMPACT, stated, “I would like to thank the focus and dedication of our team for their concerted effort in managing the operation through an unforeseen pandemic like COVID-19 and keeping the workforce safe first of all, and second of all delivering a solid quarter.”
The proceeds from the Placing augment the Company’s strong cash balance and will be used to extend and accelerate a range of exploration activities across the Company’s portfolio, with immediate programs to be expanded in both Mexico and Western Australia.
We are world leaders in testing, inspection and certification services. We are present in all sectors of the economy with solutions and services that enhance the business, avoiding risks, improving operational performance and protecting the reputation and brand of our clients.
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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