Category: Investor’s Corner

Oceanus Resources Corporation announces that it has closed a previously announced non-brokered private placement financing of $1,315,000. The private placement comprises the sale of 6,003,622 common shares of the Company at a price of $0.22 per share. The common shares from this Private Placement will be subject to a 4 month hold period ending July 8, 2014. The proceeds from the Private Placement will be used for exploration of the La Lajita Gold Property located in Durango, Mexico.

Further to the Company’s news release of February 11, 2014, the Company announces that it has closed its securities exchange with Global Resources Investment Trust plc.

Freyja Resources is well on its way to advancing its Las Cristinas project in Mexico to production stage, raising almost $2 million in new funds and announcing exploration results that have exceeded expectations, with Freyja insiders so convinced of the potential that they have chosen to increase their stake in the company to 17%.

Cayden Resources Inc. is pleased to announce that it has amended the terms of its previously announced bought deal offering of common shares of the Company to increase the size of the offering to $7,837,000. Under the amended terms of the Offering, a syndicate of underwriters led by Beacon Securities Limited, including and Canaccord Genuity Corp. have agreed to purchase, on a bought deal basis pursuant to the filing of a short form prospectus, an aggregate of 4,610,000 Common Shares at a price of $1.70per Common Share.

Coeur Mining, Inc. today announced its intention to offer, subject to market and other conditions, $150,000,000 of 7.875% Senior Notes due 2021. The Offered Notes constitute a further issuance of Coeur?fs $300,000,000 outstanding principal amount of 7.875% Senior Notes due 2021 issued on January 29, 2013 and, when issued, will form a single series of debt securities with the Existing Notes. Other than with respect to the date of issuance, issue price, and CUSIP number, the Offered Notes will have the same terms as the Existing Notes. Once the Offered Notes are registered and exchanged for exchange notes, Coeur expects that the Offered Notes and the Existing Notes will share a single CUSIP number and thereafter be fungible.

Cayden Resources Inc. is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Beacon Securities Limited and including Canaccord Genuity Corp., pursuant to which the Underwriters have agreed to purchase, on a bought-deal basis, 4,300,000 common shares of the Company at a price of CAD$1.70 per Common Share for gross proceeds of CAD$7,310,000, by way of short form prospectus to be filed in each of the Provinces of Canada, except Quebec. In addition, the Company will grant the Underwriters an over-allotment option, exercisable on or for a period of up to 30 days following the closing of the Offering to purchase from the Company up to an additional 645,000 common shares at the Offering Price per Common Share. If the Over-Allotment Option is exercised in full, an additional $1,096,500 will be raised pursuant to the Offering and the aggregate gross proceeds of the Offering will be $8,406,500.

Timmins Gold Corp. is pleased to report its financial results for the year ended December 31, 2013. The comparative period is the year ended December 31, 2012. All results are presented in United States dollars unless otherwise stated. Readers should refer to the 2013 management discussion and analysis and consolidated financial statements for complete information.

AuRico Gold Inc. announced that it has commenced a cash tender offer for any and all of the $167,000,000 outstanding principal amount of its 3.50% Convertible Notes due on October 1, 2016. The consideration payable will be $1,040 per $1,000 principal amount plus accrued and unpaid interest to, but not including, the payment date for the Notes purchased in the Tender Offer, which will be the next business day following the Expiration Time. Additional terms and conditions of the Tender Offer are set forth in the Offer to Purchase and the related Letter of Transmittal dated March 6, 2014.

Virgin Metals Inc. is pleased to announce that it has closed, subject to TSX Venture Exchange approval, the first tranche of a non-brokered private placement of 7,500,000 common shares at a price of $0.05 per Common Share for aggregate gross proceeds of $375,000. Certain subscribers to the Private Placement were non-arm’s length parties.

Goldcorp Inc., the largest gold miner by market value, announced on Wednesday that it has entered into an agreement to sell its entire holdings of Primero Mining Corp, a Canada-based gold and silver producer. The offering represents the sale of approximately 19.8 percent of the issued and outstanding shares of Primero. The agreement includes sale of 31.2 million shares at an offering price of Canadian $7.20 per share for total proceeds of Canadian $224 million.