Southern Silver Exploration Corp. plans to issue up to 16,666,666 units in a non-brokered private placement at a price of $0.03 per unit to raise $500,000. Each unit will consist of one common share and one share purchase warrant, with each warrant exercisable to purchase one additional common share for a period of three years at an exercise price of $0.05 per share.
Bacanora Minerals Ltd. announced today that Rare Earth Minerals, Plc has satisfied all conditions under the terms of the agreement between Bacanora and REM in respect of the El Sauz and Fleur lithium concessions (details of which are set out in the Company’s press release dated May 22, 2013) to earn a 10% interest in the subsidiary that will hold the Concessions. In particular, REM has provided the Company with an upfront cash payment of $250,000, together with a further $500,000, which has been allocated towards the Company’s recently completed drilling program on the Concessions. With this condition having been satisfied, the Concessions are now in the process of being transferred to a newly formed Mexican subsidiary of Bacanora, following which shares therein will be issued to REM.
United States Antimony Corporation reported on two of the five Mexican antimony properties it is producing.
IMPACT Silver Corp. announces the unaudited financial and production results for the second quarter and half year ended June 30, 2013.
Alamos Gold Inc. and Esperanza Resources Corp. today remind shareholders of Esperanza that the date for the special meeting of the shareholders of Esperanza in respect of the proposed transaction between Alamos and Esperanza previously announced on July 12, 2013 will take place at 10:00 a.m. on August 27, 2013.
Scorpio Gold Corporation is pleased to announce its financial results for the second quarter ended June 30, 2013. This press release should be read in conjunction with the Company’s Management Discussion & Analysis and the condensed consolidated interim financial statements for Q2, available on the Company’s website at www.scorpiogold.com and under the Company’s name on SEDAR at www.sedar.com. All monetary amounts are expressed in US dollars. Comparative numbers disclosed were restated following the adoption of the new IFRS standard, IFRIC 20, Stripping costs in the production phase of a surface mine. See note 3 a) of the Q2 condensed consolidated interim financial statements for more information on the effects of IFRIC 20.
Sierra Metals Inc. announces that it has signed an amended and restated dealer agreement with a designated broker in respect of its previously announced normal course issuer bid. The Company and the Broker entered into a dealer agreement dated March 26, 2013, as amended on May 10, 2013, whereby the Broker was engaged to operate an automatic share purchase plan under the NCIB. Reference should be made to the Company¡¯s press releases dated March 26, 2013 and May 10, 2013, respectively, for further details regarding the ASPP and the NCIB.
Arian Silver Corporation, a silver exploration, development and production company with a focus on projects in the silver belt of Mexico, announces further to its announcement on 26 July 2013 the positive advancement of negotiations regarding future financing. The private placement debt financing of US$15,585,000 comprises a senior secured convertible note, which would mature at a premium of 5% if not otherwise converted, twelve months from its date of issuance and will bear interest at an annual rate of 14% to be prepaid in full upon closing of the Private Placement.
Alamos Gold Inc. commented on the news release issued earlier today by Esperanza Resources Corp. regarding the recent amendment to Article 71 of the Law of Rural Sustainable Development in the State of Morelos, Mexico. The principal asset of Esperanza, the Esperanza gold project, is located in Morelos.
Shares in Orex Minerals Inc. (CVE:REX) spiked Tuesday, after the Vancouver-based explorer announced the results of trench channel sampling on the Coneto gold-silver project in Durango, Mexico, and the fact that the mining juniors project partner was pressing on with its second year of exploration.
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