Category: Investor’s Corner

Cayden Resources Inc. is pleased to announce that it has completed its previously announced short form prospectus offering of 5,301,500 common shares, which includes 691,500 common shares issued on exercise of the over-allotment option, at an issue price of CAD$1.70 per share for gross proceeds of CAD$9,012,550. The Offering was conducted by a syndicate of underwriters led by Beacon Securities Limited and including Canaccord Genuity Corp.

MAG Silver Corp. announces the Company’s audited consolidated financial results for the year ended December 31, 2013. For complete details of the annual financial statements and related Management’s Discussion and Analysis, please see the Company’s filings on SEDAR (www.sedar.com) or on EDGAR (www.sec.gov). All amounts herein are reported in United States dollars unless otherwise specified.

Alamos Gold Inc. is pleased to announce that the Company’s Board of Directors has declared a semi-annual dividend of US$0.10 per common share. This represents the Company’s 9th consecutive semi-annual dividend and once again demonstrates its commitment to returning value to shareholders. Including the current dividend, the Company has paid a total of $84 million in dividends to shareholders over the past five years.

Alamos Gold Inc. today reported its updated mineral reserves and resources as of December 31, 2013. For a detailed summary of mineral reserves and resources by project, refer to the table below.

BIG NORTH GRAPHITE CORP. announces that its Board of Directors has approved the grant of 1,600,000 stock options to directors, officers, employees and consultants of the Company pursuant to the Company’s approved stock option plan. The options are exercisable at a price of $0.10 per share and have a term of five years from the date of grant.

Orex Minerals Inc. is pleased to announce that it has closed another private placement, issuing 1,342,000 units of the Company at a price of $0.25 per Unit for aggregate gross proceeds of $335,500, which brings the combined total raised in March to $5,000,000 with all financings. Each Unit consists of one common share and one half of a common share purchase warrant. Each whole warrant will be exercisable for one common share of the Company at $0.30 for a period of 24 months from closing, expiring March 31, 2016. The shares sold in the placement and warrants comprising the Units and any shares issued upon the exercise of the warrants are subject to a hold period which expires on August 1, 2014.

Virgin Metals Inc. is pleased to announce that its board of directors has approved and adopted an advance notice by-law. The By-law sets a deadline by which shareholders of the Company must submit a notice of director nominations to the Company prior to any annual or special meeting of shareholders and sets forth the information that a shareholder must include in the notice to the Company for it to be valid.

Virgin Metals Inc. announces that further to its press release of March 6, 2014, the Company has closed its non-brokered private placement of 7,500,000 common shares at a price of $0.05 per Common Share for aggregate gross proceeds of up to $375,000.

AuRico Gold Inc. today announces the closing of its private offering of $315 million aggregate principal amount of Senior Secured Second Lien Notes due 2020. The Notes were issued with a coupon of 7.75% and sold at 96.524% of par, and are expected to result in net proceeds to the Company of approximately $297 million, after deducting the initial purchasers’ discounts and estimated offering expenses payable by the Company. AuRico intends to use the net proceeds of the Notes to repurchase its Convertible Notes due 2016 (the “Convertible Notes”) that are tendered to AuRico’s offer announced March 6, 2014 and which expires at 12:00 midnight Eastern Time on April 2, 2014, to purchase any and all of its Convertible Notes, to fund principal and interest payments on any Convertible Notes that remain outstanding following the offer to purchase, to repay amounts outstanding under its existing senior secured credit facility and for general corporate purposes, which may include funding capital expenditures to support organic growth.

Excellon Resources Inc., Mexico’s highest grade silver producer, is pleased to report financial results for three and twelve month periods ended December 31, 2013.