Category: Investor’s Corner

Excalibur Arranges $1.5 Million Private Placement

Excalibur Resources Ltd. announces that it has arranged a non-brokered private placement of 5,000,000 common shares at $0.30 per share for a total of $1,500,000. Proceeds will be applied to working capital, the Company’s Catanava gold production project in Mexico and for potential acquisitions.

Soltoro Grants Options

Soltoro Ltd. has awarded 475,000 incentive stock options exercisable at $0.51 per common share to an officer/director of the Company. This grant of options is in compliance with the terms of the Company’s Stock Option Plan and remains subject to the acceptance of the TSX Venture Exchange. This grant of options was awarded after the close on December 10, 2012 and has expiry dates of December 10, 2015 to December 10, 2017.

NWM Mining Corporation Announces Initial Closing of Private Placement

NWM Mining Corporation announces that it has closed the first tranche of a private placement financing resulting in the issuance of 13,500,000 units. Each unit is comprised of a single share priced at $0.05 per share and has a warrant with a 48 month term priced at $0.10 per share. Gross proceeds of $675,000 have been received in connection with this unit financing. The common shares issued in connection with this private placement will be subject to a hold period, ending April 12, 2013, which is four months plus one day from the date of issuance, in accordance with the policies of the TSX Venture Exchange and applicable securities laws. Insiders of the corporation have subscribed for 6.5M units ($325,000 CAD) of this financing. The private placement offering is subject to regulatory approval.

Southridge Minerals Corporate Update

Southridge Enterprises Inc. is pleased to announce today that Southridge Minerals, Inc., its wholly owned subsidiary, wanted to clarify several corporate items. Firstly and with respect to the recent announcement involving Magna Group Capital Management, LLC., the Company has been engaged with Magna regarding their services to facilitate our up-listing process to the OTCBB and has received a term sheet from Magna. The Company is obligated to supply Magna with a number of due diligence items in order to satiate Magna’s requirements to proceed with the up-listing process.

Citation Grants Options to Directors and Officers

Citation Resources Inc. announces that the Company’s board of directors has approved the granting of 450,000 incentive stock options to directors and officers of the Company in accordance with its stock option plan. The options are exercisable at 0.105 per share and have an expiry date of December 7, 2017.

Oremex Silver Inc. Announces Resignation of Director

Oremex Silver Inc. announces that Mr. David Prins has resigned from his position as a director of the Company to focus on other recent commitments. “I want to thank David for his contributions to the Company and wish him well in his future endeavors” said Mr. John Carlesso, Executive Chairman of Oremex.

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Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.