Virgin Metals Inc. is pleased to announce that it has closed, subject to TSX Venture Exchange approval, the first tranche of a non-brokered private placement of 7,500,000 common shares at a price of $0.05 per Common Share for aggregate gross proceeds of $375,000. Certain subscribers to the Private Placement were non-arm’s length parties.
Goldcorp Inc., the largest gold miner by market value, announced on Wednesday that it has entered into an agreement to sell its entire holdings of Primero Mining Corp, a Canada-based gold and silver producer. The offering represents the sale of approximately 19.8 percent of the issued and outstanding shares of Primero. The agreement includes sale of 31.2 million shares at an offering price of Canadian $7.20 per share for total proceeds of Canadian $224 million.
Cayden Resources Inc. is pleased to announce that it has received drilling permits for the Peña de Oro target located within the companies 100% optioned El Barqueño Concessions in Jalisco State, Mexico where drilling will commence immediately.
OTC Markets Group Inc., operator of Open, Transparent and Connected financial marketplaces, today announced that Cayden Resources, Inc. (TSX-V: CYD; OTCQX: CDKNF), a Canadian mineral exploration company, has been approved to trade on OTCQX(R), the best marketplace with qualified companies.
Torex Gold Resources Inc. announced today its financial results for the twelve months ended December 31, 2013.
Mexicos notoriously violent drug lords are diversifying their sources of revenue through illegal mining, tapping now into the iron ore industry, as a major police, soldiers and government inspectors raid at one of the countrys main ports revealed Tuesday.
A Canadian mining company said Wednesday that an illegal miner was killed in a clash with guards at the firm’s silver mine in central Mexico.
Goldcorp Inc. is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Canaccord Genuity Corp., pursuant to which the underwriters have agreed to purchase from Goldcorp, on a bought deal basis, 31,151,200 Common Shares of Primero Mining Corp. at a price of C$7.20 per Common Share for aggregate gross proceeds to Goldcorp of C$224 million. The offering represents the sale of approximately 19.8% of the issued and outstanding shares of Primero and immediately following the offering, Goldcorp will no longer own any shares of Primero. Primero will not receive any proceeds from the offering. The shares were acquired in connection with the sale of the San Dimas mine in Mexico to Primero in August 2010.
Primero Mining Corp. announced today that it has entered into a letter agreement with its shareholder Goldcorp Inc. and Canaccord Genuity Corp. on behalf of a syndicate of underwriters pursuant to which the Underwriters have agreed to purchase all of the 31,151,200 common shares of Primero currently held by Goldcorp on a bought deal basis at an offering price of C$7.20 per share.
Oremex Silver Inc. reports that it has canceled its previous announced private placement with Global Resources Investments Ltd., see press release dated December 2, 2013.
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