Alio Gold Inc (TSX:ALO) (NYSE AMERICAN:ALO) reports the voting results from its annual general and special meeting of shareholders held today in Vancouver, British Columbia. Shareholders voted overwhelmingly in favour of the plan of arrangement pursuant to which Alio Gold will acquire all of the outstanding shares of Rye Patch Gold Corp.
Almadex Minerals Limited is pleased to announce that it has closed the previously announced statutory plan of arrangement under Section 288 of the Business Corporations Act (British Columbia) to spin-out Old Almadexs early stage exploration projects, royalty interests, and certain other assets into Almadex Minerals Ltd. (formerly 1154229 B.C. Ltd.) effective at 12:01 a.m. on May 18, 2018. At the Effective Time, Old Almadex changed its name from Almadex Minerals Limited to Azucar Minerals Ltd. (TSX-V:AMZ) (OTCQX:AXDDF), and New Almadex changed its name from 1154229 B.C. Ltd. to Almadex Minerals Ltd.
SilverCrest Metals Inc. is pleased to announce the completion of its prospectus offering announced on April 26, 2018 whereby the Company issued a total of 8,214,450 common shares at a price of $2.10 per common share for gross proceeds of $17,250,345, including exercise of the over?allotment option in full. The Offering was led by PI Financial Corp. and Cormark Securities Inc., and included Beacon Securities Limited, Eight Capital, National Bank Financial Inc., BMO Capital Markets, Desjardins Securities Inc. and Canaccord Genuity Corp. as underwriters. The Company paid the underwriters a cash commission of up to 6% of the gross proceeds of the Offering.
Canuc Resources Corporation (TSX-V: CDA) is pleased to advise that it has signed a letter of intent to acquire Full Circle Energy Ltd., an Ontario Corporation. Full Circle’s principal corporate assets consist of 6 sections of undeveloped oil prospective acreage in southwest Saskatchewan, and a Farmin agreement that references a further 6.3 contiguous sections of adjacent land.
Minera Alamos Inc. (TSX VENTURE:MAI) is pleased to report that it has now completed the second phase of its bulk testing heap-leach activities at its 100% owned Santana gold project in Sonora, Mexico. The Company is now performing a full review of the leaching results as part of if its final project evaluation prior to making commercial production decisions for the project.
Argonaut Gold Inc. (TSX: AR) reports that the Judiciary court hearing with respect to the Companys explosives permit for its La Colorada mine has been rescheduled to June 4, 2018.
Taj Singh, P.Eng, President & CEO stated, “First assay results from the sampling program at Minerva corroborate our field observations that there is a significant amount of silver, lead, and zinc mineralization in and around the Minerva intrusive complex at surface and compelling evidence for mineral potential at depth. For the next two months our focus will be to continue to systemically map, sample, conduct geophysics, and plan for drilling at Minerva.”
Mexus Gold US (OTCQB: MXSG) announced today that it has wired $183,333 due JMJ Financial closing the current outstanding debt agreement prior to the expiration date.
Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) is pleased to report that a second round of drilling is beginning at the La Navidad gold project. The project, located in Sonora State, Mexico, 100 km north of the City of Hermosillo, targets orogenic, bulk mineable, run-of-mine, oxidized deposits that could be processed by heap leaching. Exploration work is being funded under an option to joint venture agreement by Centerra Gold Inc. The core drilling program will consist initially of 1,650 meters in seven holes, ranging from 150 to 250 meters in depth. These holes will target the large, strong, gold-in-soil anomalies previously identified at the Cobre and Crossover prospects.
The operational management team has sunk its teeth into productivity and efficiency. The results display a significant improvement in production, recovery, and grades, said Robert Eadie, President of the Company. Our focus remains on improving productivity through development and exploration at the San Martin mine, as well as creating relationships with new concentrate providers at Altiplano so that we can build sustainable value for our shareholders and our future endeavors.
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