Agnico Eagle Mines Limited has been notified of an unsolicited mini-tender offer made by TRC Capital Investment Corporation to purchase up to 2,000,000 Agnico Eagle common shares, or approximately 0.44% of Agnico Eagle’s outstanding common shares, at a price of C$64.00 per share.
The Company believes that it will be able to file its annual report on Form 10-K for the year ended December 31, 2021, and its quarterly report on Form 10-Q for the quarter ended March 31, 2022 in the second half of 2022.
Pursuant to the first tranche of the Private Placement, the Company issued 17,442,857 Units at a price of $0.035 per Unit, for aggregate gross proceeds of approximately $610,500.
Silver Viper Minerals Corp. is pleased to announce that it has closed the first tranche of its $3 million private placement announced on June 6, 2022, issuing 5,566,666 units of the Company at a price of $0.20 per Unit for aggregate gross proceeds of $1,113,333.
Osisko Development Corp. has entered into a marketing agreement with Hybrid Financial Ltd. pursuant to which, among other things, Hybrid has agreed to provide certain investor relations services to the Company in accordance with Policy 3.4 – Investor Relations, Promotional and Market-Making Activities of the TSX Venture Exchange.
Oroco Resource Corp. announces that it has temporarily suspended its drilling operations at Santo Tomas for safety and security reasons relating to an increase in federal military operations in the region resulting from a dispute between criminal elements.
Orogen Royalties Inc. is pleased to announce it has signed an agreement with Advance Lithium Corp. to purchase 3% net smelter royalties on three prospective mineral licenses in the Lake Victoria Gold Fields in western Kenya.
Discovery Silver Corp. announces that an aggregate of 23,531,812 common share purchase warrants with an exercise price of C$0.77 were exercised prior to their expiry on June 8, 2022. The exercises resulted in gross proceeds of approximately C$18 million. The Company’s current cash balance has increased to approximately C$70 million.
Allan Barry Laboucan, President and CEO of Advance Lithium Corp. commented: “We are excited to sell our royalty in Kenya and receive cash and the Sarape project in the transaction. Sarape sits in the prolific Rio Sonora Valley that also hosts the Mercedes, Santa Elena, and Ermitaño mines as well as the Las Chispas deposit.
“To conclude this stage of drill results with a discovery of a new trend parallel to our Main Zone, gives us confidence in the significance of the mineralized system at Pilar and provides us with more targets to follow-up on,” commented Brodie Sutherland, CEO.
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