MAG Silver Corp. is pleased to announce that its previously disclosed private placement will be an offering of 3,526,210 common shares at a per share price of C$9.40 for gross proceeds of approximately C$33.1 million. The common shares will be subject to a four month hold period. The Offering is expected to close on or about September 5, 2012.
MAG Silver Corp. is pleased to announce a private placement offering of common shares at a per share price of C$9.40 for gross proceeds of approximately C$25 million. The common shares will be subject to a four month hold period. The Offering is being made by a syndicate of agents led by BMO Capital Markets. The Offering is expected to close on or about September 5, 2012.
SilverCrest Mines Inc. is pleased to announce that its common shares have been authorized for listing on the NYSE MKT in New York. The shares will begin trading on the NYSE MKT on August 27, 2012 under the trading symbol “SVLC”. The Companys common shares will continue to be listed on the TSX Venture Exchange under the trading symbol “SVL”.
Baja Mining Corp. announces that further to its August 7, 2012 news release, the aggregate US$90 million comprising the Stage I financing which was to have been advanced to MMB by the Korean Consortium by August 20, 2012 under the new standstill agreement has not yet been fully advanced. Baja understands that the Consortium is in discussion with MMB’s lenders.
London, England, Arian Silver Corporation a silver exploration, development and production company with a focus on projects in the silver belt of Mexico, today announced the release of its Management’s Discussion and Analysis and unaudited Financial Statements for the three and six months ended 30 June 2012.
A prefeasibility study into ASX-listed Azure Minerals Promontorio copper/gold/silver project, in Mexico, has demonstrated the technical and economic viability of the project.
IMPACT Silver Corp. is pleased to announce the financial and production results for the second quarter ended June 30, 2012. IMPACT currently operates four underground silver mines (Chivo, San Ramon, Noche Buena and Gallega) and is building two new mines within the 100%-owned, 623 square kilometer (241 square miles) land package in Mexico. The new mines being constructed are the high-grade, underground silver Oscar Mine (which will replace the Chivo Mine) and the open-pit, poly-metallic Capire Mine, both of which are on schedule and on budget. The commencement of production at the new mines will represent the next phase of growth for the Company with the aim to establish IMPACT as a multi-million ounce silver producer.
Catalyst Copper Corp. today announced that Mr. Gerald Prosalendis resigned from the Board of Directors effective August 17, 2012 and is pursuing a program of post graduate studies. Mr. Prosalendis has been a valuable contributor to the Board and his presence and sage advice will be missed. We wish him every success in his academic pursuits.
Cayden Resources (CVE:CYD) has increased the non-brokered financing it announced last week from $4.2 million to nearly $5.1 million due to increased demand, the miner said.
Gold Resource Corporation announced that it is extending to certain of its employees an opportunity to cancel the employee’s outstanding unexercised stock options and receive an equal number of replacement options to purchase the Company’s common stock at a lower exercise price and subject to a new three-year vesting period. Gold Resource Corporation is a low-cost gold producer with operations in the southern state of Oaxaca, Mexico. The Company has declared over $56 million to shareholders in monthly dividends since declaring commercial production July 1, 2010 and may be the only Company offering shareholders the option to convert their cash dividends into physical gold or silver.
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