Category: Investor’s Corner

Nyrstar: LESOP Executive Share Acquisition

Today, several members of the Nyrstar Management Committee notified the Belgian Financial Services and Markets Authority (FSMA) that they acquired Nyrstar NV shares. The acquisition took place in the framework of the management incentive program known as the Leveraged Employee Stock Ownership Plan (LESOP) that was approved by the company’s shareholders at the Annual General Meeting (AGM) of 24 April 2013. The LESOP has been made available amongst Nyrstar’s executive management, including the members of the Nyrstar Management Committee.

Mexico update – tax reform – mining companies

Mexico’s legislature has approved substantive tax reforms. Some of these changes will have a direct impact on mining companies operating in Mexico. These are some of the more important changes.

Quaterra Responds To Continuous Disclosure Review

Quaterra Resources Inc. announces that as a result of a review by the British Columbia Securities Commission, it is issuing this news release to clarify its disclosure regarding the following issues.

AuRico Gold Declares Quarterly Dividend

AuRico Gold Inc. today announced that its Board of Directors has declared a dividend payment of $0.04 per share for the fourth quarter ending December 31, 2013, payable on January 29, 2014 to shareholders of record at the close of business on January 14, 2014.

Private Placement Increased

Further to its previous news releases, Cortez Gold Corp announces that it will increase its private placement by increasing the size of the offering to 5.5 million units, for gross proceeds of $1.1 million. The pricing remains unchanged at $0.20 per unit with each Unit consisting of one common share of the Company and one-half of one share purchase warrant with each whole Warrant entitling the holder to acquire an additional common share of the Company at $0.40 per share for a period of 24 months after issuance. The Warrants will be subject to an accelerated expiry should the common shares of the Company close at a minimum of $0.60 for a period of twenty consecutive trading days on the TSX Venture Exchange.

Canasil Closes $96,300 Second Tranche of Non-brokered Private Placement

Canasil Resources Inc. announces closing of the second tranche of the non-brokered private placement announced on December 3, 2013, for gross proceeds of $96,300 consisting of 1,070,000 units at an exercise price of $0.09 per unit as detailed below. No commission or finder’s fee is payable with respect to this tranche of the placement, which is subject to final approval by the TSX Venture Exchange (“the Exchange”). Together with the previously announced first tranche of 3,000,000 units which closed on December 6, 2013, a total of 4,070,000 units have now closed.

Del Toro Silver Corp. : FILES (8-K) Disclosing Unregistered Sale of Equity Securities

On December 18, 2013, Del Toro Silver Corp. (the “Company”) entered into a Securities Purchase Agreement (the “Agreement”) with Asher Enterprises, Inc. dated December 18, 2013 (the “Issue Date”). Under the terms of the Agreement the Company issued an 8% convertible promissory note, in the principal amount of $31,500 (the “Note”), which Note matures on September 20, 2014 and may be converted into shares of the Company’s common stock at any time after 180 days from the Issue Date, subject to adjustments as further set out in the Note. The conversion price shall be at a variable conversion rate of 50% multiplied by the market price, being the average of the lowest three trading prices for the Company’s common stock during the 10 trading day period ended on the latest complete trading day prior to the conversion date, subject to adjustments as further set out in the Note.

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