Author: Josue Gomez

Millrock Resources Inc. reports that the non-brokered private placement announced on November 20, 2015 and subsequently increased has closed. A total of 8,321,509 Units at a price of $0.16 per Unit have been issued for gross proceeds of $1,331,441.44. Each Unit consists of one common share and one share purchase warrant, with each Warrant entitling the holder thereof to purchase one additional common share at a price of $0.22 per common share until December 10, 2016, thereafter at a price of $0.30 per common share until December 10, 2017 and thereafter at a price of $0.40 per common share until December 10, 2019.

Mr. Rapsch has a decade of in-depth investor relations and corporate communications experience. He joins SilverCrest Metals after four years at SilverCrest Mines Inc. which was recently acquired by another precious metal producer. He was responsible for the implementation, management and execution of all marketing and investor relations related programs, including but not limited to communicating with retail and institutional investors across North America and Europe. During Mr. Rapsch’s tenure at SilverCrest Mines it was nominated as a finalist at the 17th annual IR Magazine Reward in the category for “Best IR by a TSX Venture Exchange-listed company” in 2014.

“John leaves a long, distinguished legacy in our industry and as a member of our Board of Directors for which we are eternally grateful,” said Ted Crumley, Hecla’s Chairman. “He will be deeply missed by his fellow Board members and everyone at Hecla. We send our deepest condolences to his family.”

Telson Resources Inc. announces that it has completed the second and final closing of the non-brokered private placement pursuant to which the Company issued 6,960,000 units for gross proceeds of $348,000. The Final Closing is part of the Company’s previously announced non brokered private placement of 40,000,000 Units at a price of $0.05 per Unit for gross proceeds of $2,000,000. Each Unit consists of one common share and one half of one transferable share purchase warrant. Each Warrant is exercisable to acquire one additional Share of the Company for a period of two years at a price of $0.05 per Share.

Bacanora Minerals Ltd Tuesday said it is negotiating a number of non-binding agreements with potential offtake partners for the lithium it will produce from the Sonora project in northern Mexico, building on its deal with US-based Tesla Motors earlier this year.

The Sonora Project in Northern Mexico is host to an estimated 9mln tonnes of lithium carbonate, 5mln tonnes of which are in the higher confidence ‘indicated’ category.