Argentum Silver Corp. announces that the Company’s Board of Directors has approved a consolidation of the Company’s issued and outstanding common shares and a non-brokered, $500,000 private placement of units in the capital of the Company.
Prospero Silver Corp. is pleased to announce that shareholders of the Company approved all resolutions brought before them at the Company’s Annual General Meeting held in Vancouver, British Columbia on June 25, 2014.
GoGold Resources Inc. is pleased to announce that the conditions to the early warrant exercise incentive program for the common share purchase warrants exercisable for common shares of the Company which were issued on July 27, 2012 in connection with the Company’s acquisition of Absolute Gold Holdings Incorporated, as announced on June 10, 2014, have been satisfied.
Catalyst Copper Corp. announces a non-brokered private placement of up to 20,000,000 units at a price of $0.07 per unit for gross proceeds of up to $1,400,000.
Shares of Corex Gold (TSE:CGE) surged Monday after H. Morgan & Company agreed to provide the junior explorer with financing of up to $1.65 million, as well as operational and management services, to help move Corex’s Santana property in Mexico to production.
Baja Mining Corp. is pleased to announce that further to its news release of May 13, 2014, Minera y Metalurgica del Boleo, S.A. P.I. de C.V. and Korea Resources Corporation have provided it with documentation confirming the termination of the 2010 Project Financing senior facilities, including the termination and/or release of all related Baja guarantees (US$160.6 million as at March 31, 2013, plus any overall completion guarantee), security interests and pledges. Accordingly, Baja is no longer liable as a guarantor of any amounts borrowed by MMB, nor is it liable in respect of any overall economic completion guarantee related to project finance for the Boleo Project. Baja remains a 10% shareholder of MMB and if the total costs to complete the Boleo Project exceed US$1,751 million and further equity funding is required, Baja must participate on a pro rata basis or Baja’s current 10% interest in MMB will be further diluted.
Timmins Gold Corp. announced today the nomination of four new, highly-qualified mining industry professionals to stand for election as part of an independent seven-person Board of Directors.
Corex Gold Corporation is pleased to announce that it has entered into a letter agreement with H. Morgan & Company to provide financing of up to $1.65 million and to provide operational and management services in regards to the Company’s Santana property with the intent of moving the company into production. The 100% owned Santana property is located in the State of Sonora, Mexico.
BACANORA MINERALS LTD. is pleased to announce the appointment of Mr. Colin Orr-Ewing as the Chairman of the Board of the Company. Mr. Orr-Ewing began his career as an investment manager for the Shell Pension Fund in London after qualifying as a Certified Accountant. He has a wealth of over 35 years’ experience spanning both the oil and mining industries and has been a director of UK and Canadian oil companies and Irish and Canadian mining companies. Mr. Orr-Ewing has also acted as a consultant to a fund management company on its natural resources portfolios for the last 20 years, and, until 2013, was Executive Chairman of Vatukoula Gold Mines Plc. He was actively involved in the oil industry from 1971 to 1987, working with numerous companies in the North Sea, Libya, Nigeria and Algeria. Mr. Orr-Ewing is a geography graduate of Oxford University.
Quaterra Resources Inc. today announced that it is seeking TSX Venture Exchange approval for a non-brokered private placement of up to US$500,000 of units, each Unit comprised of Non-Transferable Convertible Redeemable US$1,000 Principal Amount Promissory Notes and 11,442 Non-Transferable Share Purchase Warrants.
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