At the company’s board meeting today, the directors appointed David Wolfin as Chairman of the Board, and Peter Latta as President and a member of the Board of Directors.
Excellon expects its Common Shares will commence trading on the NYSE American as of market open on September 22nd under the ticker symbol “EXN”.
Candelaria Mining Corp. announces that it has agreed to settle outstanding debt of US$825,000 with an arm’s length creditor by issuing 2,175,030 common shares of the Company at a deemed price of C$0.50 per share.
Silver Viper’s President and CEO Steve Cope states, “I am very proud of the progress our team has made over the last year. The financing last September was done at $0.25 and we recently hit an all-time high of $0.85. The majority of the La Virginia project has never seen any modern exploration and we will continue to not only expand on our discoveries at El Rubi but also continue to test the other drill ready anomalies that we have identified through our surface mapping and sampling programs.”
Las caravanas estarán integradas por personal de Fresnillo PLC, Sindicato Nacional Minero Metalúrgico Frente, Ayuntamiento de Fresnillo, Protección Civil. Jurisdicción sanitaria y el equipo de Futbol de Segunda División “Mineros de Fresnillo”, quienes entregarán los cubrebocas a los transeúntes.
“We would like to thank Eric Sprott, First Majestic, and our existing shareholders for their support and welcome several new investors,” said Mike Romanik, president of Silver Dollar. “This funding positions us to pursue our explorations programs at both our Red Lake properties and hit the ground running in Mexico where we have already identified numerous priority drill targets at the La Joya Silver Project.”
The Company intends to use the net proceeds of the Offering, together with the Company’s current cash resources, to develop mining projects and/or improve the Company’s existing mines and to add to the Company’s working capital.
Valterra’s management has launched a new strategy for the Company with a near to mid-term goal to generate revenue through the acquisition and development of small under-capitalized laterite-type freehold gold deposits with processing mills, that have significant scope for growth in the Poconé Gold District, Brazil.
“We discovered the Lechuzas zone adjacent to our Miguel Auza mill in late 2018 and identified a sizeable mineral resource that, when combined with the historic Calvario Vein, is similar to other deposits currently producing in the region,” stated Ben Pullinger, SVP Geology. “This MRE represents a sizeable addition to Excellon’s overall metal inventory and a foundation to further advance the project, as both Lechuzas and Calvario are open for extension along strike and at depth.”
Arturo Bonillas, President and Chief Executive Officer of Magna, stated, “We are extremely pleased with the outcome of this study, which validates our view of value and leverage for San Francisco when we acquired the mine earlier this year. This marks an important milestone for Magna as it provides us with a base case operating plan from which we can drive ongoing optimization, growth, and near-term value creation.”
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