Category: Investor’s Corner

Santacruz Silver Closes US$28.4M Funding

Santacruz Silver Mining Ltd. is pleased to announce that it has finalized and closed the US$28.4 million Pre-paid Silver Purchase Agreement with JMET, LLC previously announced on September 18, 2014. The funds will be used to advance the development of the Company’s second project, San Felipe, in Sonora State, Mexico.

Great Panther Clarifies Annual MD&A Disclosure

GREAT PANTHER SILVER LIMITED announces that, as a result of a review by the British Columbia Securities Commission, the Company is issuing this news release to clarify disclosures in the Company’s annual management discussion and analysis for the year ended December 2013. The Company did not disclose management’s conclusions in respect of the Company’s internal controls over financial reporting in the MD&A. The Company confirms that the Company’s Chief Executive Officer and Chief Financial Officer each evaluated the effectiveness of the Company’s ICFR as at the end of the period covered by the MD&A and the accompanying consolidated financial statements and concluded that the ICFR were effective as at December 31, 2013.

Goldgroup Completes Second Drawdown on Loan Facility

Goldgroup Mining Inc. is pleased to announce that the Company has completed the second drawdown of USD$3,993,239 on the previously announced secured medium term loan facility of USD$10 million provided by RMB Resources Inc. and Credipresto SAPI de CV SOFOM ENR. The total amount of funds drawn down under the Facility are USD$6,000,000. These funds will be used to facilitate the development of the Company’s Cerro Prieto mine and for other working capital purposes.

Starcore International to acquire American Consolidated Minerals in All-Share Transaction

Starcore International Mines Ltd. and American Consolidated Minerals Corp. are pleased to announce the signing of a definitive arrangement agreement whereby Starcore would acquire all of the outstanding securities of AJC in an all-share transaction to be completed pursuant to a court approved Plan of Arrangement under the Business Corporations Act (British Columbia).

Arian Silver gives financing update

Arian Silver Corporation reports that discussions to fully fund the company’s flagship San Jose silver project continue to progress.

Mexus Updates Shareholders on the Santa Elena/Julio Property and Ongoing Negotiations

Mexus Gold US confirmed today that the plan for the Santa Elena/Julio property is to move forward with a placer and underground mine operation. The placer move has already been approved but in order to proceed with underground mining the company must obtain a blasting permit. On September 20, 2014 CEO Paul Thompson and VP Julio Baltazar met with representatives from Hanka, an industrial provider of explosives. Hanka will provide knowledge and support as the company pursues this permit. The company hopes to submit for this permit in the next week.

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