MAG Silver Corp. Thursday announced the appointment of George Paspalas as its President and Chief Executive Officer effective October 15, 2013, this according to a company news release.
Greg Myers, CEO and President of Caza Gold Corp. is pleased to announce that the Company completed its Annual General Meeting on June 12, 2013 and all resolutions at the AGM were approved.
MAG Silver Corp. announced today that George Paspalas will succeed Dan MacInnis as MAG Silver’s President and Chief Executive Officer effective October 15, 2013. George Paspalas was formerly President and Chief Executive Officer of Canadian based gold producer Aurizon Mines Ltd. which was recently acquired by Hecla Mining Company. Dan will remain as an integral member of the board of directors of the company.
NGEx Resources Inc. is pleased to announce that the nominees listed in the management information circular for the 2013 Annual and Special Meeting of Shareholders were elected as directors of NGEx. Detailed results of the vote for the election of directors held at the Annual Meeting earlier today are set out below.
Torex Gold Resources Inc. is pleased to announce the results of its 2013 annual and special meeting of shareholders held in Toronto, Ontario on June 19, 2013.
The second most active stock on the TSX Venture was Guerrero Exploration Inc. It rose 40% and was trading at $0.07 after 2.6 million shares changed hands after the exploration mining company provided a development update on its Cerro Azul property located in Guerrero, Mexico. The company plans to start exploration in quarter three of 2013 pending permit approval by the Mexican Government.
MAG Silver Corp. announced that the nominees listed in the management information circular for the 2013 Annual General and Special Meeting of Shareholders held on June 18, 2013 were re-elected as directors of MAG. MAG’s shareholders also re-appointed Deloitte and Touche LLP as the Company’s auditor and approved the continuation of the Company’s Shareholder Rights Plan. Detailed results of the vote for the election of directors held at the Annual General and Special Meeting are set out below.
Kimber Resources Inc. announces that it has notified Sprott Resource Lending Partnership that it is exercising its right to obtain a six month extension of the maturity date of its $5 million loan credit facility with SRLP announced on July 18, 2012 by the issuance to SRLP of common shares of the Company having a value of $150,000. The number of Extension Shares issued to SRLP will be determined by dividing $150,000 by the 5-day volume weighted average price of the Company’s shares on the TSX for the five trading days preceding June 28, 2013, the date on which the Extension Shares are required to be issued to SRLP. As a result of such extension, the new maturity date of the Credit Facility will be December 28, 2013.
Formation Metals Inc. announced today that it brings to shareholder’s attention important details regarding the nominees proposed by dissident shareholder, Dundee Corporation, namely Messrs. Paul Carroll and David Christie, regarding Mr. Carroll’s governance and compensation record and Mr. Christie’s lack of relevant public company experience. Formation also announces the positive recommendation from leading proxy advisory firm, Institutional Shareholder Services Inc.
Organizational Changes4Two reports out last week from Ernst & Young show the difficulties being faced by mining and exploration companies currently, but also some ways that the industry is adapting to confront the new challenges.
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