Category: Investor’s Corner

Aurcana Appoints New Board Member

Mr. Jose Manuel Borquez has been named a director of Aurcana Corporation. Mr. Borquez is an attorney based in Santiago, Chile who has worked in the natural resources sector for 25 years. An International Natural Resources lawyer specialized in Latin America, he is a graduate of the School of Law of the Universidad de Chile with Law, Economics and International Relations studies at the graduate level at the Diplomatic Academy of Chile (1985-1986) and at Georgetown University Law Center and the School of Foreign Service in Washington, D.C. (1987/1988). He was admitted to the Bar in Chile in 1985. He has been involved in assignments throughout the Americas as well as Africa and the Middle East. Clients range from multinational mining companies to privately-owned mines, financial institutions and government agencies. Corporate clients of note have included Placer Dome Inc, Antofagasta, Xstrata and Codelco, among many other companies. His broad experience in the precious metals and base metals sectors ranges from exploration and mining to reclamation.

MAG Silver Closes $79 Million Common Share Offering

MAG Silver Corp. announces that it has completed its previously announced bought deal financing and has issued 7,712,000 common shares, including 392,000 common shares issued on partial exercise of the over-allotment option, at C$10.25 per share, for gross proceeds of C$79 million. The Offering was conducted by a syndicate of underwriters, led by BMO Capital Markets and Raymond James Ltd., and including Macquarie Capital Markets Canada Ltd., Scotia Capital Inc., H.C. Wainwright & Co. LLC, National Bank Financial Inc., TD Securities Inc. and PI Financial Corp. The Underwriters reserve the right to exercise all or any portion of the balance of the over-allotment option, 706,000 shares, at any time within 30 days following closing.

Mammoth Announces Non-Brokered Private Placement Financing

Mammoth Resources Corp. would like to announce that it intends to proceed with a non-brokered private placement of up to 9.3 million units of the Company at an offering price of $0.035 per Unit based on the company’s 20-day VWAP, for gross proceeds of up to $325,500. Each Unit consists of one common share of the Company and one common share purchase warrant. Each Warrant will entitle the holder thereof to acquire one Common Share until two years following closing of the private placement, at an exercise price of $0.10. The Company has set no minimum number of Units to be distributed and no minimum dollar amount required to be raised in connection with the Private Placement.

Inversión minera caerá por segundo año consecutivo

La Cámara Minera de México (Camimex) estimó que la economía mexicana captará 6,176 millones de dólares de inversiones en el sector de la minería en 2014, lo que representa una caída de 6.1% frente año pasado.

Argonaut Gold Announces Q2 Production of 30,310 Gold Equivalent Ounces

Argonaut Gold Inc. announced today that the Company had production of 30,310 gold equivalent ounces during the second quarter ended June 30, 2014. This included 21,359 GEOs at its 100% owned El Castillo Mine located in Durango, Mexico and 8,951 GEOs at its 100% owned La Colorada Mine located near Hermosillo, Mexico.

Red Tiger Update on Financial Statement Status

Red Tiger Mining Inc., is providing this bi-weekly update on its Financial Statement Status in accordance with National Policy 12-203 — Cease Trade Orders for Continuous Disclosure Defaults. On April 24, 2014, the Company announced that for reasons disclosed in the news release, there would be a delay in the filing of its audited financial statements for the year ended December 31, 2013 and its related Management Discussion & Analysis and CEO and CFO certifications beyond the 120 day period prescribed for the filing of such documents. As a result, the interim financial statements for the period ended March 31, 2014 and its related Management Discussion & Analysis and CEO and CFO certifications will also be delayed.

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