Category: Investor’s Corner

Minaurum Gold Arranges Shares for Debt

Minaurum Gold Inc. announces that it has arranged to settle the outstanding debt owed to Minera Mariposa S.A. de C.V. pertaining to un-incurred expenditures on the Jackie and El Porfido properties by issuing an aggregate of 150,000 common shares at a deemed price of $0.533 per common share. The amount of indebtedness to be settled by this arrangement totals US$80,000.

Aurcana Reports Fourth Quarter and 2013 Production Results

“We are pleased to report that La Negra once again delivered another year of increased silver equivalent production, outperforming 2012 by 14%. I want to thank our team at La Negra for their continued efforts in achieving another successful year of growth in production. La Negra team has also delivered by replacing and expanding the current reserves through a focused program of underground development and diamond drilling,” commented Mr. Lenic Rodriguez, Aurcana’s President & CEO. “We continue to improve operations and look to further increase production in 2014 to between 3.75 to 4.1 million ounces of silver equivalent, a potential increase of more than 40% over 2013. Looking ahead, production planning has already commenced for 2015 at La Negra and the goal is to reach 3,800 tpd production based on continuing technical and financial studies.”

Silver Shield Resources Announces Appointment of Mr. Steve Mlot as Director

Silver Shield Resources announced today that it has appointed Mr. Steve Mlot as Non-Executive Director effective immediately, and that Mr. John Grounds has resigned from the Board of Directors. Mr. Frank Kordy stated: “On behalf of the Board of Directors, we want to thank Mr. Grounds for his contributions and want to wish him well in his future endeavours.”

Freyja Resources Inc. Announces Financings Totalling Up to $1.1 Million

Freyja Resources Inc. is pleased to announce that the Corporation has entered into a share exchange arrangement with Global Resources Investment Ltd. pursuant to which Freya will acquire 564,366 ordinary shares of GRIT, which are expected to be listed on the London Stock Exchange’s main market in connection with GRIT’s re-registration as a public company which will be constituted as a UK Investment Trust with the name “Global Resources Investment Trust Plc.” in exchange for 6,000,000 common shares of Freyja. The issue price of the Common Shares will be $0.17 per share and the issue price of the GRIT Shares will be GBP1.00 per share for an aggregate value of approximately $1,020,000.

Defiance Closes First Tranche of Private Placement

Defiance Silver Corp. announces that further to its news release dated January 28, 2014, it has closed a first tranche of $100,000 of its previously announced non-brokered private placement. The Offering consists of up to 24,000,000 units at $0.05 per unit, each unit consisting of one share and one warrant.

All News