Category: Investor’s Corner

Geologix Explorations Inc. announces that it intends to carry out a private placement of up to 10 million units at $0.20 per unit for gross proceeds of $2,000,000.

United States Antimony Corp. is pleased to announce the closing of a private placement of its equity securities for gross proceeds of $2,861,502.

Quaterra Resources Inc. today announced it has retained Sierra Partners LLC of Denver, Colorado, to act as investor relations consultants to the Company, subject to acceptance by the TSX Venture Exchange and the NYSE Amex.

Timmins Gold Corp. is a Canadian based mining and development company with a portfolio of exploration properties in northern Mexico, who also owns and operates the San Francisco mine. Recently GoldSeek.com’s President Peter Spina and I visited the company’s flagship mine in Sonora State. Peter had previously visited in 2007 soon after their IPO and first drill results were announced. Today the San Francisco gold mine is a state of the art modern open pit and heap leach operation that is on target to produce over 100,000 ounces of gold in 2012, and is undergoing an expansion to produce at least 130,000 ounces in 2013. Their exploration drilling has also increased the total Resource to over 2.92 million ounces of gold, which includes 1.33 million ounces of Reserves.

Skeena Resources Limited has arranged a one-year, non-interest bearing loan of $200,000 from a director of the Company. The funds will be used for completion of a bench-scale metallurgical investigation of its Tropico copper-platinum-palladium-gold Project in Sinaloa State, Mexico, and for general corporate purposes. Subject to Exchange approval, the director will be issued a total of 500,000 shares (with a hold period of 4 months) as a bonus for making the loan.

Blue Sky Uranium Corp. and Windstorm Resources Inc. are pleased to announce that, at the special meeting held June 28, 2012, Windstorm received the necessary shareholder approval of the plan of arrangement pursuant to which Blue Sky will acquire all of the outstanding common shares of Windstorm and Windstorm will become a wholly-owned subsidiary of Blue Sky.

Southridge Enterprises Inc. is pleased to announce that Southridge Minerals, Inc., its wholly owned subsidiary, today has executed an agreement with Duvernoi Capital Investments Inc. providing for a $3,500,000 financing. This financing is in the form of a convertible debenture with terms stipulating an interest rate of 8.8% and a loan repayment term of 32 months from the date of execution of the agreement, by way of cash or through the conversion of shares of Southridge stock. The repayment terms of the financing are amenable to the Company’s property development schedule and to future financings plans to retire the debt.

Victory Resources Corp. is pleased to announce that it has entered into an agreement with GEM Global Yield Fund Limited for a $5.0 million CDN financing commitment. Funds raised through this facility will be used for the ongoing drill program and the subsequent engineering work to bring the Reforma mine to feasibility. Funds will also be used for the development of the Company’s recently optioned Boleo property in Mexico, the Toni property located near Merritt, B.C., as well as general working capital.

Premier Gold Mines Limited and Bridgeport Ventures Inc. are pleased to announce that they have entered into a non-binding letter of intent that sets forth the basic terms of the proposed acquisition by Bridgeport of Premier Gold’s wholly-owned subsidiary, Premier Royalty Corporation.

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 Richmond, British Columbia on June 27, 2012.