Month: March 2023

John MacKenzie, CEO of Capstone commented, “We are very proud to announce our new Sustainable Development Strategy today. Responsible operating practices are a vital component of our commitment to the environment, our employees, local communities and governments and must remain front of mind in everything we do.”

“As reported last month, exploration is continuing at the mine and we are achieving positive results.” reported Robert Eadie, CEO of the Company.

Oroco Resource Corp. is pleased to announce that it has closed a non-brokered private placement raising gross proceeds of $4,758,727.55 through the sale of a total of 6,344,970 units at a price of $0.75 per unit.

Heliostar Metals Limited is pleased to announce that further to its news releases dated December 5, 2022, January 17, 2023 and March 3, 2023, it has closed its previously announced non-brokered private placement offering, of which the Company issued 92,727,272 units at a price of C$0.22 per Unit for gross aggregate proceeds of approximately C$20,400,000 (US$15,000,000).

“2022 was a monumental year for Orla as we transitioned to a cash flowing gold producer,” said Jason Simpson, President and Chief Executive Officer of Orla. “The strong cash flows from Camino Rojo will provide a foundation to build upon. Our rich pipeline of exploration and development assets, which we are aggressively advancing, will be critical in growing the Company and increasing value for shareholders.”

Lisa Dea, CFO of GSilver, said: “The new pre-payment facility with OCIM provides additional financial flexibility for our balance sheet as we advance ramp up operations across all four of our producing silver mines in Mexico.”

Canuc Resources Corporation is pleased to announce the closing of a non-brokered private placement for gross proceeds of $900,000 CAD.