Category: Investor’s Corner

Avino Proposes to Acquire Common Shares of Bralorne Gold Mines Ltd.

Avino Silver & Gold Mines Ltd. is pleased to announce that by a share purchase agreement dated June 25, 2014, it has agreed to privately acquire 9,500,000 common shares of Bralorne Gold Mines Ltd. for a purchase price of CAD$0.28 per share, representing approximately 33.3% of Bralorne’s total issued and outstanding shares. The Proposed Transaction will proceed by way of an exempt take-over bid, after the vendor provides the required statutory 7 days’ notice of intent to distribute securities of Bralorne. Other than 179,149 common shares of Bralorne previously held by Avino, neither Avino, nor any other persons acting jointly or in concert with Avino, previously held any other securities of Bralorne. Accordingly, Avino will own upon completion of the Proposed Transaction, a total of 9,679,149 common shares of Bralorne, representing approximately 34% of the total issued and outstanding shares of Bralorne.

Bacanora Announces Filing of Technical Report and New Option Agreement with Rare Earth Minerals Plc

BACANORA MINERALS LTD. is pleased to announce the filing of a Technical Report in respect of its Ventana and Fleur and El Sauz concessions that form part of the Sonora Lithium Project in northern Mexico. The Report has been prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects and is entitled, Updated and Reclassified Lithium Resources, – Sonora Lithium Project. The lead author of the Technical Report is Carl G. Verley, P.Geo., who is a “qualified person” within the meaning of NI 43-101 and is independent of the Company. The Report summarizes increases to the resources tonnage and classification that were announced by the Company in its press release dated June 3, 2014. For a summary of those increases, readers are encouraged to refer to the prior press release or directly to the Report, which has been filed on SEDAR and is also available for download on the Company’s website.

Bacanora Announces Principal Terms of Equity Offering

BACANORA MINERALS LTD. is pleased to announce the principal terms of its previously announced brokered financing that is expected to be completed in conjunction with its application for the admission of its common shares to trading on the AIM Market of the London Stock Exchange. Bacanora intends to offer up to £4,750,000 of common shares at a price of 0.33p per share. Using a foreign exchange rate of £1.00 = C$1.834, the offering price per security will be approximately C$0.605 and the aggregate gross proceeds of securities offered is expected to be up to approximately C$8,708,334. If fully subscribed, an aggregate of up to 14,393,940 common shares will be issued to subscribers under the offering in addition to shares and warrants that are expected to be issued to the Company’s brokers and Nominated Advisor upon completion of the financing and admission onto AIM of the Company’s common shares. The proceeds of the offering will be used to cover the expenses associated with the AIM listing and to fund the preparation of a pre-feasibility study on the Company’s Magdalena Borate Project, for the continuation of the Company’s work program to establish the economic potential of the Sonora Lithium Project and for general working capital purposes.

MAG Silver Reports Voting Results From The AGSM

MAG Silver Corp. announced today that at its annual general and special meeting held on June 24, 2014, MAG’s shareholders approved by majority to decrease the size of the board to seven, elect all seven directors standing for re-election, re-appoint Deloitte LLP as the Company’s auditor, and approve the Company’s Equity Compensation Plans.

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