San Marco Resources Inc. has completed a private placement with Exeter Resource Corporation of 1,562,500 shares at a price of $0.16 per share for proceeds of $250,000. The shares were issued at a 25% premium to the 20 day VWAP ending February 14th and are subject to restrictions on transfer until July 16, 2013.
Scorpio Mining Corporation reports its financial and operating results for the year and fourth quarter ended December 31, 2012. This press release should be read in conjunction with the Corporation’s audited Financial Statements and Management’s Discussion and Analysis for the year ended December 31, 2012, available on the Corporation’s website at www.scorpiomining.com and on SEDAR at www.sedar.com. All monetary figures are expressed in Canadian dollars unless otherwise specified.
Santa Fe Metals Corp. – Further to its news releases of February 6, 2013 and February 26, 2013, the Company is pleased to announce that it has completed the final tranche of a non-brokered private placement. The Company has issued 1,670,000 flow-through shares at $0.06 per share generating gross proceeds of $100,200.
Starcore International Mines Ltd. has filed the results for the second quarter ended January 31, 2013 for the Company and its mining operations. The full version of the Company’s Financial Statements and Management’s Discussion and Analysis can be viewed on the Company’s website at www.starcore.com, or SEDAR at www.sedar.com. All financial information is prepared in accordance with IFRS and all dollar amounts are expressed in thousands of Canadian dollars unless otherwise indicated.
Paramount Gold and Silver Corp. announced today that Its largest shareholder, FCMI, has exercised its remaining 7.7 million share purchase warrants at the exercise price of C$1.05 each for total proceeds to Paramount of C$8 million. This exercise brings FCMI’s holdings in Paramount to 24.4 million common shares, representing approximately 15.7% of total shares outstanding.
Arian Silver Corporations shares rocketed Friday as the mining company announced a deal to acquire a processing plant in Mexico to increase capacity.
Excalibur Resources Ltd. is pleased to announce that it has engaged San Diego Torrey Hills Capital, Inc. to provide investor relations services through investor road show meetings, public relations, and on-line media.
A day after announcing it achieved record earnings in 2012, Endeavour Silver inked a deal to sell bonus concentrate from its over-achieving Bolanitos mine to local Mexican smelters in a move that positions the producer to outperform its production guidance for 2013.
Southern Silver Exploration Corp. reported that at its annual general meeting held on March 13, 2013 the following directors were re-elected: Lawrence Page, Q.C., Scott Hean, Terrence Eyton, D. Roger Scammell, Dale Janowsky and Nazlin Rahemtulla. The following officers were re-appointed subsequent to the annual general meeting: Lawrence Page, Q.C. as President, Mahesh Liyanage as Chief Financial Officer, and Arie Page as Corporate Secretary.
Mr. George A. Brown, President of MacMillan Minerals Inc., is pleased to report that, to date, the Company has received subscriptions for 4,250,000 units ($170,000) representing 68% of the maximum amount of the private placement financing of 6,250,000 units ($250,000) under terms as news released on January 29, 2013. The subscriptions include 1,050,000 units ($42,000) from Directors and Senior Officers of the Company. This represents 24.7% of subscriptions which is within the maximum limit of 25% allowed from insiders under the TSX Venture Exchange guidelines for financings under the temporary relief measures.
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