Category: Investor’s Corner

Primero Mining Corp. announced today that it closed a previously announced $75 million revolving credit facility with a syndicate of lenders. The Line of Credit has a three year term, a floating interest rate that the Company expects to be approximately 4% per annum for the first six months and is secured by a charge over substantially all of the Company’s assets. Coincident with and as a condition of closing the Line of Credit, the Company repaid the outstanding $27 million promissory note held by Goldcorp Inc. bearing interest of 6% and originally due December 31, 2015.

Goldcorp Inc.’s decision to drop its C$3.2 billion ($2.9 billion) hostile bid for Osisko Mining Corp. in the face of a rival offer shows the industry has found new discipline after years of value-destroying deals, BlackRock Inc.’s Catherine Raw said.

Candente Copper Corp. is pleased to announce that it has completed its previously announced non-brokered private placement for total gross proceeds of $1,369,727.40.

Silver Bull Resources, Inc. is pleased to announce that it has executed a definitive share purchase agreement with BHK Resources Inc. a capital pool company with TSX Venture Exchange trading symbol BHK.P, in connection with the proposed sale of Dome International Global Inc., a wholly-owned subsidiary of Silver Bull which holds, indirectly, a 100% interest in and to the Ndjole manganese and gold project, located in Gabon. The proposed transaction was previously announced on December 17, 2013.

International Northair Mines Ltd. is pleased to announce that it has entered into a Net Smelter Return royalty agreement with Coeur Capital, Inc. for proceeds of US$4.0 million. The 2.5% NSR is payable on future production from the La Cigarra silver project, located in north central Mexico.

Focus Ventures Ltd. announces the acceleration of the expiry date of warrants previously issued by the Company in connection with its private placement financing completed on November 28, 2013.

Newstrike Capital Inc. is pleased to announce the appointment of Mr. Mark D. Backens to its Board of Directors. Mark Backens has over 30 years of global mining experience including most recently as Director of Investment Banking – Mining for Scotia Capital. For most of his career, Mr. Backens had senior management roles with Meridian Gold, Placer Dome and Goldcorp in the areas of engineering, mine construction, mine management and corporate development. Mr. Backens holds a Bachelor of Science in Geological Engineering from South Dakota School of Mines and is a Professional Geologist.

Scorpio Gold Corporation is pleased to announce its financial results for the first quarter ended March 31, 2014. This press release should be read in conjunction with the Company’s condensed consolidated interim financial statements for the three-month period ended March 31, 2014 and Management Discussion & Analysis for the same period, available on the Company’s website at www.scorpiogold.com and under the Company’s name on SEDAR at www.sedar.com. All monetary amounts are expressed in US dollars unless otherwise specified.

BACANORA MINERALS LTD. is pleased to announce that it has initiated the process of seeking an admission of its common shares to trading on the AIM Market of the London Stock Exchange. A number of professional advisers have been appointed by Bacanora to assist in this process. The Company is presently working through the application process with its advisors and expects to submit materials once reviews and documentation are complete, though there can be no certainty that its shares will be admitted to AIM. Appropriate announcements will be made in due course with material progress.

Corex Gold Corp. is pleased to announce a non-brokered private placement of up to 6,000,000 units at a price of $0.10 per unit, for aggregate gross proceeds of up to CDN $600,000. Each Unit will consist of one common share and one non-transferable share purchase warrant. Each warrant will be exercisable by the holder to acquire one additional common share at a price of $0.15 for 12 months from Closing.