Chesapeake Gold Corp. is pleased to announce the election of Ms. Lian Li as a new director at the Company’s Annual General Meeting held Wednesday and the appointment of Mr. Greg D. Smith as a new director by the Board of Directors following the Annual General Meeting.
Lowell Copper Ltd. and Minaurum Gold Inc. are pleased to announce that they have entered into a binding letter agreement in respect of, among other things, the grant of an option on Minaurum’s Santa Marta VMS project in Oaxaca, Mexico.
Agnico Eagle Mines Limited today announced that it has agreed to subscribe for 19,800,000 units of Pershimco Resources Inc. in a private placement at a price of C$0.47 per Unit for total consideration of C$9,306,000. Each Unit is comprised of one common share of Pershimco and one common share purchase warrant of Pershimco. Each Warrant entitles the holder to acquire at any time one Common Share at a price of C$0.54 for a period of two years from the closing date. The closing of the private placement is subject to the satisfactory completion of due diligence, regulatory approval and other conditions and is scheduled to occur on or about January 10, 2014.
American Consolidated Minerals Corp. reports that at its Annual General Meeting held on December 13, 2013, shareholders elected Messrs. Robert Eadie, Gary Arca, Allan Fabbro, Ken Sumanik, David Gunning, Richard Kern, Herb Duerr and Robert Sibthorpe as directors for the ensuing year.
Greg Myers, CEO and President of Caza Gold Corp. advises that Bradford Cooke has stepped down as Chairman of the Board and has submitted his resignation as a Director of the Company. The Company thanks Bradford for his services and wish him the best with his other commitments.
Primero Mining Corp. is pleased to announce the closing of its acquisition of the remaining 30.8% interest in its Cerro del Gallo development project from a subsidiary of Goldcorp Inc., as previously announced on November 6, 2013.
Amarium Technologies Inc., through its wholly owned subsidiary Amarium Minerals Inc., reports that the Company has approved upgrades to their mill at the San Pedro Copper Mine in Michoacan, Mexico. The flotation mill at the San Pedro Mine currently has a capacity of 20 tons per day, but after upgrades the mill will have a capacity of 200 tpd and will be expandable to 500 tpd. Amarium management stated that the upgrades to San Pedro are to begin immediately.
Cayden Resources Inc. is pleased to announce that it has received the final payment of $7,872,000 USD from its February 1, 2013 land sale which is now complete. In that sale, Cayden’s Mexican subsidiary sold approximately 23% (3,997 hectares from the original 17,076 hectares) of its “Morelos Sur Concession” to a subsidiary of Goldcorp Inc. for a total of $15,744,000. The exact boundaries of the sold portion were varied somewhat as part of the final completion documents.
Big North Graphite Corp. announces that the Company has entered into a letter of intent with MAG Exploration Services Inc. to acquire all of the shares of Grafito de Mexico, S.A. de C.V., held by the Vendor (which shares represent 97.5% of the issued and outstanding share capital of Grafito. Grafito is the registered and beneficial owner of the El Tejon property, a past producing flake graphite mine.
Further to its news release of November 13, 2013, Cortez Gold Corp announces a further amendment to its proposed private placement by increasing the size of the offering to 5 million units, for gross proceeds of $1 million. The pricing remains unchanged at $0.20 per unit with each Unit consisting of one common share of the Company and one-half of one share purchase warrant with each whole Warrant entitling the holder to acquire an additional common share of the Company at $0.40 per share for a period of 24 months after issuance. The Warrants will be subject to an accelerated expiry should the common shares of the Company close at a minimum of $0.60 for a period of twenty consecutive trading days on the TSX Venture Exchange.
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