Tarsis Resources Ltd. is pleased to announce that the Company has arranged a private placement of 4 million units at 7.5 cents to raise $300,000. These funds will be used to advance Tarsiss current projects and for general working capital. Larger project based exploration expenditures will be sought through additional option partnerships.
Further to the press release dated November 15, 2013, Kimber Resources Inc. announces that Invecture Group S.A. de C.V. has taken up and paid for 62,902,631 Common Shares that were tendered to the take-over bid offer by Invecture dated October 10, 2013 at a price of Cdn$0.15 in cash per Common Share. As a result of the take up and payment for the Common Shares deposited to the Offer, Invecture now owns 82,902,631 Common Shares, representing approximately 79.2% of the issued and outstanding Common Shares. Invecture intends to acquire the balance of the Common Shares by way of a subsequent acquisition transaction under the procedures available under the Business Corporations Act.
Orex Minerals Inc. announces that it has closed its previously announced non-brokered private placement for aggregate gross proceeds of CAD $1,686,600. The Offering consisted of 6,786,400 units at a price of $0.25 per unit, with each unit consisting of one common share and one-half of a transferrable common share purchase warrant. Each whole Warrant will be exercisable for one common share at $0.30 for a period of two years expiring November 21, 2015.
Soltoro Ltd. holds 7,000,000 common shares or 15% of Argentum Silver Corp. Soltoro participates in discoveries and advancements at Coyote through its 15% equity holding in Argentum Silver and its retained 3% N.S.R. royalty interest in the Coyote property.
Freyja Resources Inc. announced today that it has begun the exploration program on its recently acquired Las Cristinas copper/silver project located in Northeastern Chihuahua State, Mexico. This important milestone comes on the heels of the recently completed acquisition of 100% of the shares of Cyprium Mining Corporation by Freyja on October 23, 2013.
Argentum Silver Corp. announces an Inferred Mineral Resource estimate under National Instrument 43-101 has been prepared on the El Tajo vein at the Coyote Silver Project in Jalisco, Mexico as part of an independent report prepared by Argentum’s consultants, GeoVector Management Inc.
Further to its News Release dated October 3, 2013, Minaurum Gold Inc. announces that it has renegotiated its share exchange agreement with Global Resources Investment Ltd., an arm’s length party to Minaurum. Minaurum will now subscribe for 571,325 GRIT shares at a deemed value of one British pound per GRIT share in exchange for the issuance of 10 million share of Minaurum at a deemed price of 0.0571 British pound per unit (this equals approximately CDN$0.095) There are no warrants issued in connection with this financing. Minaurum will sell the shares it receives to realize the private placement proceeds.
Aurcana Corporation is pleased to announce the appointment of a new board member.
The concerned shareholders of Oremex Silver Inc., led by Concept Capital Management Ltd. and Sprott Asset Management LP, will continue with the requisitioned meeting of shareholders at the office of Heenan Blaikie LLP, 333 Bay Street, Suite 2900, Bay Adelaide Centre, Toronto, Ontario, Canada at 10:00 a.m. Eastern Standard Time on November 26, 2013.
Telson Resources Inc. announces that the board of directors of the Company has approved the adoption of an advance notice policy to provide shareholders, directors and management of Telson with a clear framework for nominating directors. The Policy is meant to: (i) facilitate an orderly and efficient annual and/or special meeting process; (ii) ensure all shareholders receive adequate notice of director nominations and sufficient information with respect to all nominees; and (iii) allow shareholders to register an informed vote, having been afforded reasonable time for appropriate deliberation.
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