Category: Investor’s Corner

Cliffs Natural Resources Inc. today announced the pricing of its public offering of common and mandatory convertible preferred shares. The Company has agreed to sell 9,000,000 of its common shares, par value $0.125 per share (or up to 10,350,000 Common Shares if the underwriters of such offering exercise their option to purchase additional Common Shares) at $29.00 per Common Share, and 27,000,000 of its depositary shares each representing a 1/40th interest in a share of its new 7.00% Series A Mandatory Convertible Preferred Stock, Class A, without par value, $1,000 liquidation preference per Mandatory Convertible Preferred Share (equivalent to $25 per Depositary Share) (or up to 31,050,000 Depositary Shares if the underwriters of such offering exercise their over-allotment option in full), at $25 per Depositary Share, in separate registered public offerings.

Camino Minerals Corporation is pleased to announce that it intends to raise up to $2,100,000 to fund a diamond drill program at the El Secreto Gold and Silver Project located in Sinaloa State, Mexico.

Canasil Resources Inc. announces that the Company has applied to the TSX Venture Exchange to extend the expiry date from February 20, 2013, to November 20, 2013, and to reduce the exercise price from $0.35 to $0.225 for the warrants issued in connection with a private placement which closed on February 20, 2012. The amended warrant expiry date and price is subject to acceptance by the TSX Venture Exchange.

Golden Minerals Company is pleased to announce the sale of most of its exploration properties in Peru for approximately $4.8 million. The Company has entered into an agreement to sell most of the properties to Compania de Minas Buenaventura S.A.A. for $4.3 million, and has completed transactions for approximately $3.5 million of that amount. The sale of the remaining $0.8 million in exploration properties to Buenaventura is conditioned on the receipt of third party consents by February 28, 2013. In addition, the Company sold other exploration properties in November 2012 to another third party for $0.5 million. The Company has closed its exploration office in Peru.

First Majestic Silver Corp. announces that it has received a notice from Orko Silver Corp. that Coeur d’Alene Mines Corporation has made an acquisition proposal for all of the issued and outstanding shares of Orko pursuant to a plan of arrangement. Orko has further advised First Majestic that the board of directors of Orko has determined that the Coeur Proposal constitutes a “Superior Proposal” as defined in the Arrangement Agreement dated December 16, 2012 between First Majestic and Orko and that Orko intends (subject to First Majestic’s right to match the Coeur Proposal) to enter into an agreement with Coeur to implement the Coeur Proposal.

Silver Bull Resources, Inc. announced today that it has closed its previously announced offering of units. A total of 22,912,500 units were sold at a price of US$0.40 per unit. The Offering was fully subscribed and the agents partially exercised their over-allotment option. Each unit is comprised of one share of common stock of Silver Bull and one-half of one Common Share purchase warrant, with each whole warrant exercisable to purchase one Common Share, at an exercise price of US$0.55, for a period of 18 months from the closing of this Offering. Silver Bull received gross proceeds from the Offering, before deducting commissions to the agents and estimated offering expenses payable by Silver Bull, of approximately US$9.2 million. The remaining US$0.8 million over-allotment option is exercisable by the agents for a period of 30 days following the closing of the Offering.

Kootenay Silver says it has bolstered its management team with the appointment of Kristian Whitehead as project manager of its Promontorio silver project in Sonora, Mexico.

Coeur d’Alene Mines Corporation today announced that it is offering to repurchase all of its outstanding 3.25% Convertible Senior Notes due 2028. As of February 12, 2013, there was $48,658,000 aggregate principal amount of Notes outstanding.

Endeavour Silver Corp. is pleased to review its corporate sustainability activities and accomplishments in 2012 and its sustainability short term plans and goals for 2013.

Orko Silver Corp. announces that it has received a binding proposal from Coeur d’Alene Mines Corporation for the acquisition by Coeur of all of the issued and outstanding common shares of Orko by way of a plan of arrangement. The Board of Directors of Orko has unanimously determined, after receiving the advice of its financial and legal advisors, that the Coeur Proposal constitutes a “Superior Proposal” pursuant to the arrangement agreement between Orko and First Majestic Silver Corp. originally announced on December 16, 2012 and has provided notice of such determination to First Majestic.