“We are very pleased that Eric Sprott has chosen to increase his ownership stake in the Company to 19.9%,” said Mike Romanik, president of Silver Dollar. “We also view First Majestic’s participation in this Offering as further validation of the exploration and development potential of the La Joya Silver Project.”
The net proceeds of the offering will be used to accelerate the advancement of the Company’s Los Ricos project and for general corporate purposes.
The Company has paid dividends for 11 consecutive years during which time $179 million has been returned to shareholders through dividends and share buybacks.
The Offering remains subject to closing of the San Javier transaction as announced August 6, 2020, customary closing conditions and acceptance of the TSX Venture Exchange. The Company anticipates closing both the Offering and the San Javier transaction on or about September 9th.
“We are enjoying a solid third quarter, leaving behind the COVID-19 mandatory suspension and aiming to re-establish our mines’ production targets and improved profitability with stronger metal prices.”
Alamos Gold Inc. is pleased to announce the appointment of Scott R.G. Parsons as its Vice President, Exploration. Mr. Parsons succeeds Chris Rockingham following his retirement on August 31, 2020.
Alien Metals Ltd, a minerals exploration and development company, is pleased to announce the appointment of Technical Director, Bill Brodie Good, as CEO of the Company with immediate effect.
Golden Tag Resources Ltd. announced today the release of its unaudited condensed interim consolidated financial statements for the second quarter of 2020, together with its Management, Discussion and Analysis.
Tim Barry, President, CEO and director of Silver Bull states, “We are extremely disappointed to see Mineros Norteños have filed an appeal against the third favorable ruling the Company has received on the frivolous law suit they filed back in 2014. The last favorable ruling was delivered to us in March of this year, but unfortunately due to the rapid spread of the Corona Virus in Mexico, the court system in Mexico has been shut down until very recently, which has caused a significant delay in potentially settling this case once and for all. Should Mineros Norteños lose this appeal then Silver Bull will win the case outright.
Southern Silver Exploration Corp. plans to issue up to 1,200,000 units in a non- brokered private placement at a price of $0.38 per Unit to raise $456,000.
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