Category: Investor’s Corner

Kootenay Silver Inc. is pleased to announce that it has today closed the $1,050,000 balance of its $8,253,000 brokered private placement of units as previously announced on October 4, 2012 and October 25, 2012 and has issued an additional 1,000,000 Units at a purchase price of $1.05 per Unit for gross proceeds of $1,050,000.

Esperanza Resources Corp. today reported that the Company has entered into a surface rights agreement for its wholly-owned Cerro Jumil gold project in Morelos State, Mexico.

Lincoln Mining Corporation is pleased to announce that it has closed the previously announced private placement.

Gold Resource Corporation declares its instituted monthly dividend of $0.06 per common share for October 2012 payable on November 23, 2012 to shareholders of record as of November 12, 2012. Gold Resource Corporation is a low-cost gold producer with operations in southern Mexico.

First Point Minerals Corp. is pleased to announce that the Company’s common shares will be listed and posted for trading on the Toronto Stock Exchange (“TSX”) senior board at the opening of trading on Thursday November 1st, 2012 under the current symbol “FPX”. The Company’s shares will be delisted from the TSX Venture Exchange upon commencement of trading on the TSX.

SilverCrest Mines Inc. is pleased to announce the completion of its prospectus offering announced on October 5, 2012 for gross proceeds of CAD$30 million, together with exercise of the over-allotment option in full for an additional $4.5 million, resulting in total gross proceeds of $34.5 million.

Yamana Gold Inc.’s (AUY, YRI.T) third-quarter earnings sank 48% as the mining company saw costs and expenses rise.

Oremex Gold Inc. today announced that it intends to complete a non-brokered private placement of up to 15,000,000 units of the Company, each Unit consisting of one common share and one common share purchase warrant of the Company, at a purchase price of $0.05 per Unit for aggregate gross proceeds of up to $750,000. All Warrants will be exercisable into Shares at a price of $0.10 per Share, expiring in five (5) years from the date of issue.

YAMANA GOLD INC. today announced its financial and operating results for the third quarter 2012.

NWM Mining Corporation is pleased to announce that the current US$18,000,000 debt facility, which includes a US$2,000,000 convertible debenture, has been extended to June 14, 2013 has now been closed. The US$2,000,000 debentures conversion right has also been extended from September 24, 2012 to June 14, 2013. The Company may repay this debenture at any time prior to maturity at 110% of the principal amount with 10% payable in common shares at not less than $0.06 per share. The remaining US$16,000,000 is repayable on or before the maturity date at the principal amount. Additionally US$500,000 of interest payable in September and October 2012 will be capitalized in the form of a convertible debenture with a strike price of $0.06 due October 26, 2013. This convertible debenture also bears interest at a rate of 15% and is repayable on the maturity date at the principal amount. The Company may repay this debenture at any time prior to maturity at 125% of the principal amount payable in cash. The convertible debenture has been approved by the Company’s board of directors. None of the directors have a direct interest in the convertible debenture. A cash payment of $150,000 is payable and 10,500,000 common shares of NWM were issued on closing. The 10,500,000 common shares issued are subject to a hold period of four months and one day from closing ending on February 27, 2013.