Fortune Bay Corp. is pleased to announce that it intends to increase the non-brokered private placement previously announced on April 2, 2025, to aggregate gross proceeds of up to $3,000,000. The Company intends to issue up to 9,375,000 units.
Fortune Bay Corp. said it plans to increase its non-brokered private placement to raise up to approximately C$3.0 million through issuance of units at C$0.32 per unit. Proceeds are intended to advance its Canadian and Mexican projects and support general corporate purposes. The offering is subject to TSX Venture Exchange approval.
Paddy Nicol, Orogen’s CEO, commented, “The initial Inferred resource at Navidad represents an exciting development for Orogen’s producing royalty on the Ermitaño Mine, with the announced update increasing contained gold in the Inferred category by 260% year on year.”
Defiance Silver Corp. (Apr 7, 2025) signed a non-binding LOI to acquire Green Earth Metals Inc., adding three drill-permitted Cu-Au-Ag-Mo projects (Victoria, Espiritu, Los Ocotes; 6,795 ha) in Mexico’s Sonora porphyry belt near major mines. Deal: 4.95M shares (C$1.25M) + C$150K debenture. Exploration planned, including drilling at Victoria. Subject to due diligence and approvals.
Vizsla Silver Corp. announced on April 4, 2025, a temporary pause in field work at its Panuco silver-gold project in Mexico due to security concerns. Affected activities: test mine development, geotechnical/exploration drilling. Contractors on standby; feasibility study engineering and 2025 budget unaffected.
IMPACT Silver proposed extending 33,357,104 share warrants that were set to expire in 2025 by 18 months, so the April warrants would expire on October 19, 2026 and the May warrants on November 3, 2026, at the same $0.35 exercise price. The extension is subject to TSX Venture Exchange approval and includes a related-party component for a small insider holding.
Silver Tiger Metals Inc. filed a final short form prospectus on April 4, 2025, for a C$15,000,150 bought deal public offering of common shares at C$0.33 each. Underwriters have an over-allotment option for additional shares. Closing expected ~April 14, 2025.
GoGold Resources Inc. is pleased to announce that has closed its previously announced bought deal offering of 47,391,500 common shares at a price of C$1.82 per Common Share, for aggregate gross proceeds of C$86,252,530, including proceeds from the full exercise of the over-allotment option to purchase an additional 6,181,500 Common Shares.
Canasil Resources Inc. (Apr 4, 2025) announced a change in auditors: DeVisser Gray LLP replaces Davidson & Company LLP (former auditor for over 20 years). Change due to scheduling conflicts; aimed at expediting audits for cease trade order revocation and trading resumption. No adverse reports from prior auditor.
Gold Resource Corporation reported strong 2024 underground drill results at its Don David Gold Mine in Oaxaca, Mexico. The program identified high-grade mineralization in the Three Sisters, Gloria and North Arista vein systems, reinforcing their potential as major contributors to future resources. Results upgrade existing mineral resources and support ongoing exploration to expand and define these zones further.
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