For the first time in 75 years Mexico is ready to allow foreign oil extraction for finding its rich natural resources.
Kimber Resources Inc. is pleased to announce the closing of the private placement with Invecture Group, S.A. de C.V. which was announced in its news release of September 25, 2013.
Precipitate Gold Corp. is pleased to report results from ongoing due diligence work related to the Cecilia Project in Northeastern Sonora state, Mexico. Precipitate has the right to elect to proceed with an option to earn a 100% interest in the project. Due diligence work completed to date has included, but is not limited to: bottle roll test work, the acquisition and evaluation of previously unattainable historic drill core and reports from prior operators, review of the property’s concession and surface title rights, environmental/archeological evaluation, and surface and underground channel and grab sampling programs. The due diligence period expires October 24, 2013.
VVC Exploration Corporation is pleased to announce that further to its news release of September 5, 2013, the Share Purchase Agreement between VVC, Camex Mining Development Group Inc. and the shareholders of Camex has been signed by all parties. Pursuant to the terms of the Agreement, VVC will purchase all of the 6,649,200 issued and outstanding shares of Camex, in exchange for the issuance of 59,900,000 common shares of the Company (the “Issued Shares”) to the Vendors at closing. The Issued Shares will represent approximately 39.9% of all issued and outstanding common shares of the Company on a non-diluted basis, and approximately 33.0% on a fully-diluted basis. The Issued Shares will be subject to resale restrictions imposed by the TSX Venture Exchange for a period of 4 months from closing.
Agave Silver Corp. (formerly Cream Minerals Ltd.) is pleased to announce the following:
Minaurum Gold Inc. is pleased to announce that it has entered into a share exchange agreement with Global Resources Investment Ltd., an arm’s length party to Minaurum. Minaurum will sell shares it receives to realize the private placement proceeds.
Precedent-setting case could bring more accountability to Canadian industry abroad.
DynaResource, Inc. is pleased to announce that DynaResource de Mexico S.A. de C.V., the 100 % owner of the San Jose de Gracia Property in northern Sinaloa, Mexico, received on September 30, 2013 from the Secretaria de Medio Ambiente Y Recursos Naturales, the Federal Environmental Authority in Mexico, the approval and permission which allows for the exploitation and mining activities at the San Pablo Area of SJG. Under the terms of the Semarnat Exploitation Permit, DynaMexico will be restricted to conducting exploitation activities within the San Pablo Area of SJG (as defined in the Map of the San Pablo area as submitted to Semarnat).
Tarsis Resources Ltd. is pleased to announce exploration and assay results from its Yago gold-silver property, located in Nayarit State, Mexico.
During August 2013, a focused orientation was conducted at two historical locations referred to as La Tejona and La Sarda within the central and northern parts of the property, respectively. At both sites, previously reported vein zones were re-exposed and channel samples were collected using a diamond blade rock saw.
Sierra Metals Inc. is pleased to announce its third quarterly cash dividend of approximately CAD$2.5 million, or CAD$0.016 per common share of the Company payable on October 31, 2013 to the holders of the issued and outstanding Common Shares as of the close of business on October 21, 2013. The Company is also announcing that it has adopted a dividend reinvestment plan effective immediately. Eligible shareholders may elect to participate in the Plan commencing with the third quarterly dividend announced today. Participation in the Plan is optional.
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