Category: Investor’s Corner

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.

Rare Earth Minerals PLC Wednesday said it has agreed with its partner on the Sonoro lithium project in Mexico to extend the date of its exclusive right to increase interest in the El Sauz lithium property to as much as 49.9% from its current 30%.

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.

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.