Catalyst Copper Corp. announces that it is undertaking an offering of $300,000 in convertible notes, an increase from the original offering of $150,000 of Notes announced in its press release dated August 20, 2013.
Teck Resources Limited announced today the appointment of Andrew Golding as Senior Vice President, Corporate Development, effective September 16, 2013. Mr. Golding will succeed Ron Vance, who decided earlier this year to retire, effective February 28, 2014.
McEwen Mining Inc. is pleased to announce the promotion of Ian Ball from Senior Vice President to President of the company. Ian has been with the company since late 2005 and has been instrumental in advancing the development of our Mexican assets. In particular, the discovery of El Gallo 2 silver deposit and restarting of El Gallo 1 gold mine and its current expansion. All work has been completed under budget and on schedule.
Quaterra Resources Inc. announced today the successful closing of its private placement offering, as previously announced on August 9, 2013 and September 5, 2013, for gross proceeds of US$2,981,000.
Big North Graphite Corp. announces that subject to TSX Venture Exchange acceptance, it has closed an expedited private placement of 2,666,667 units at $0.075 per Unit for total gross proceeds of $200,000.
International Millennium Mining Corp. reports the Company’s results for its fiscal year 2013 second quarter ended June 30, 2013.
Bacanora Minerals Ltd. announces the grant of an aggregate of 950,000 options to acquire common shares in the capital of Bacanora at a price of $0.30 to certain directors, management, consultants and employees of the Company and its subsidiaries. Such options (and the common shares exercisable upon exercise) are exercisable immediately for a period of 5 years from the date of grant and will be subject to applicable securities law hold periods.
Aurcana Corporation announces that it has entered into an agreement for a $5,000,000 bridge loan to be advanced to the Company by FirstAccess Financial Group, Inc. Aurcana continues to expect the closing of the previously announced $50 million principal amount loan facility with Red Kite Mine Finance in September, and is in the process of finalizing documentation for the closing of that financing. The Bridge Loan is intended to provide additional liquidity to the Company until the closing of the Loan Facility.
NSX Silver Inc. reports that it was recently selected by the British Columbia Securities Commission for a targeted mining disclosure review. The purpose of the review was to assess selected aspects of the Companys mining technical disclosure for compliance with the requirements of National Instrument 43-101 Standards of Disclosure for Mineral Projects. Following the review the BCSC requested that the Company issue the following news release to clarify and retract certain of its technical disclosure.
Mining companies have threatened to cut investment in Mexico after the government proposed a 7.5 percent mining royalty, arguing that lower metal prices, rising running costs and higher taxes reduce the country’s investment allure.
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