“Our initial exploration efforts at La Adelita project in Sonora Mexico have helped us validate the project as a true district scale opportunity with numerous high-grade copper and gold targets. This financing will allow us to expand our plan and pursue some of these new targets.”
Fortune Bay Corp. is pleased to announce that effective today it has qualified to trade on the OTCQX® Best Market under the symbol “FTBYF”.
Reyna Silver Corp. is pleased to announce the closing of its previously announced “best efforts” private placement for gross proceeds of C$5,000,000. The Offering was upsized from its original gross proceeds of up to C$3,000,000 and includes the full exercise of the Agent’s over-allotment option.
Orla Mining Ltd. is pleased to report the voting results for the election of its Board of Directors, which took place at the Company’s Annual and Special Meeting of Shareholders held today.
Fabled Silver Gold Corp. is pleased to announced a non-brokered private placement of up to 14,285,714 units at a price of C$0.07 per Unit for aggregate gross proceeds of up to $1,000,000.
“While we were unable to identify any significant mineralization in the area of the Brasiles Zone most proximate to the historical exploration activity, we were very encouraged by our initial results from the Brasiles West Zone,” stated Craig Dalziel, Oroco’s Executive Chairman.
Mr. Ramshaw stated, “We are happy to have received the support of a longstanding institutional shareholder in the amount of $3.85 million that will allow us to plan and advance the Cerro de Oro gold project in an optimal manner as we drive its progress through permitting without drawing on financial resources committed to the advancement and growth of our Santana gold mine. I am happy to show my ongoing commitment to the Company through my participation alongside the other placee.”
Fresnillo paid over USD $441M to the government of Mexico in 2021.
“We welcome Zoya to the Board of Directors and look forward to benefitting from her experience going forward,” stated André Fortier, Chair. “She brings experience in Mexico from her time at Torex and in leading environmental technologies in her current role at EnviroGold Global. Additionally, her strong financial and accounting background will be an excellent addition to our Audit Committee.”
“The recent discovery of a significant exposed gold mineralization system located within our greater Santa Rita concession area is extremely exciting and confirms our belief that the areas surrounding the Cerro de Oro project area are prime targets for the development of additional gold resources,” said Darren Koningen, CEO of Minera Alamos.
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