San Marco Resources Inc. is pleased to announce additional and final results from the Company’s Phase I exploration drill campaign at the Angeles property in northern Sonora state, Mexico.
First Mexican Gold Corp., on a best-efforts basis, proposes a non-brokered private placement of up to $200,000 through the sale of 5,714,286 million units at $0.035 per unit. Each unit consists of one common share and one non-transferable share purchase warrant, with each whole warrant being exercisable at a price of $0.10 per share for a period of two years. The financing is subject to regulatory approval.
Amarium Technologies Inc. announces that the company has completed a US$3.2 Million private placement of an unsecured convertible debenture with Westin Korrin Capital Investment Inc., a Hong Kong based investment bank. The debenture, which matures after 5 years, bears an annual interest rate of 6.5% and can be converted into common stock at a price of US$0.30 per unit after 24 months.
McEwen Mining Inc. is pleased to announce core drill results from its new Twin Domes discovery, including 9.7 gpt gold over 10.3 meters and 5.0 gpt gold over 16.8 meters. These results are a follow-up to the discovery holes announced in April, which intersected 8.8 gpt gold over 9.7 meters and 9.8 gpt gold over 4.6 meters, in addition to a trench that returned 20.9 gpt gold over 12.7 meters. The Company believes Twin Domes is attractive due to its higher gold grades and its close proximity to the Companys process plant.
Tenaris S.A., Ternium S.A. and Tecpetrol International S.A. announced today that they have entered into a memorandum of understanding to jointly build and operate a natural gas-fired combined cycle electric power plant in Mexico, which would supply Tenaris’s and Ternium’s respective Mexican industrial facilities. Together, both companies are one of the largest private energy consumers in Mexico. Tecpetrol is a wholly-owned subsidiary of San Faustin S.A., the controlling shareholder of both Tenaris and Ternium.
Fortunate Sun Mining Company Ltd. advises that the Board of Directors has passed a Director’s Resolution in accordance with the Amended TSX-V Policy 5.8, Company Articles and Corporate Law to consolidate the shares of the company at an 8:1 ratio. This consolidation will reduce the issued and outstanding shares of the Company from 24,977,500 to 3,122,188 shares. The Company has made application to the TSX-V for approval of this Resolution. The Board of Directors feels that is imperative to consolidate the shares in order to attract new projects, management and funding.
Amarium Technologies Inc. released today that it has initiated an exploration program at their Jovita Mine. The initial phase of exploration at Jovita will be to expand their current trenching program along the Northwest corridor of the property. The Jovita Mine is a producing copper mine in Michoacán, Mexico with a 40 ton-per-day (tpd) flotation mill located on the property.
Pan American Goldfields Ltd. today announced that, at the request of the Company’s Board of Directors and following the annual meeting of shareholders as detailed in the Company’s press release dated June 28, 2013, the Company has been active in conducting a strategic review of operations and management to take the Cieneguita Project forward. The new board, led by Mr. Emilio Alvarez, is conducting a process to build a team to deliver on the Company’s three prime goals:
SilverCrest Mines has reported results for its second quarter ended June 30, 2013. Highlights of the report include cash flow from operations of US$5.58 million or $0.05 per share, and net earnings of US$2.87 million or $0.03 per share.
Goldgroup Mining Inc. announced today that they have extended the closing of the acquisition of the Cerro Prieto Project from Oroco Resource Corp. to August 30, 2013.
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