Shares of Kootenay Silver (CVE:KTN) are rising after the silver explorer released drill results from the company’s flagship Promontorio silver project in Mexico, saying it found a high grade silver zone between the pit and the northeast zones.
Red Tiger Mining Inc. announces that it intends to carry out, subject to the approval of the TSX Venture Exchange, a non-brokered private placement to, among other investors, insiders of the Company for gross proceeds of up to CAD$2,000,000 consisting of common shares of the Company at a price of CAD$0.18 per Share. The proceeds will be used by the Company for required capital expenditures and working capital at the Luz del Cobre mine, which is owned by the Company’s wholly-owned subsidiary, Minerales Libertad, S.A. de C.V.
Natural resource company Freeport-McMoRan Copper & Gold (FCX) has appointed three new members to its board of directors.
Baja Mining Corp. has been informed by Minera y Metalúrgica del Boleo, S.A.P.I. de C.V. that a standstill agreement extension with the remaining 2010 Project Financing lenders (excluding US EXIM) covering the period from May 20, 2013 to May 31, 2013 has been formally agreed. MMB continues discussions with the lenders to secure a longer-term standstill agreement and to renegotiate and reactivate the remaining 2010 Project Financing facilities.
Hecla Mining Company announced today that its acquisition of Aurizon Mines Ltd. is complete. The acquisition brings to Hecla the Casa Berardi mine, which is located in Quebec, Canada, and is expected to produce 125,000 to 130,000 ounces of gold in 2013. With the ongoing shaft deepening project and planned future open pit development, the mine is expected to operate for more than a decade. The acquisition also brings several exploration and pre-development projects located in Quebec that could potentially generate future production growth.
Arian Silver Corporation, a silver exploration, development and production company with a focus on projects in the silver belt of Mexico, today announced the Company has drawn down GBP 216,000 of its GBP 5 million Standby Equity Distribution Agreement with YA Global Master SPV Ltd, as announced by the Company on 27 September 2012.
Mercator Minerals Ltd announces that as of June 1, 2013 Gary Simmerman, will become a consultant to the Company and will cease to be an officer of the Company.
Bacanora Minerals Ltd. is pleased to announce the appointment of two new directors to its board: Mr. Guy Walker of Wellington, New Zealand and Mr. Martin Fernando Vidal Torres of Hermosillo, Mexico. In order to create the necessary vacancies to effect these two appointments, Mr. Raymond Hodgkinson has resigned his position as a director of the Corporation, but will continue as an advisor and consultant to the Company. In addition to changes at the board level, the following changes have been made to officer roles within Bacanora: Mr. Martin Vidal has been appointed as President of the Company, Mr. Shane Shircliff has been appointed Chief Executive Officer of the Company and Mr. Paul Conroy has resigned as President and CEO, and has been appointed to the newly created office of Vice President, Special Projects.
NWM Mining Corporation reports a net loss of $145,529 for the quarter ended March 31, 2013. The profit from operations before unrealized non cash foreign exchange losses and income taxes was $534,471. All amounts are presented in Canadian dollars unless otherwise noted.
Aurcana Corporation wishes to report that it has accepted the resignation of Ken Collison from the Board of Directors. The Board of Directors would like to thank Mr. Collison for his services to the Company and wish him success in his future endeavors.
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