Oremex Silver Inc. announces that it intends to complete a non-brokered private placement of up to 15,000,000 units from treasury at a price of $0.05 per Unit for aggregate proceeds of up to $750,000.
The Board of Directors of Scorpio Mining Corporation today announced that it has accepted the resignation of Scorpio’s President and Chief Executive Officer, Parviz Farsangi, and unanimously appointed the Company’s Chairman, founder and former Chief Executive Officer, Peter J. Hawley as interim President and Chief Executive Officer. Mr. Farsangi has stepped down as President and Chief Executive Officer and director of Scorpio to pursue other career opportunities, effective immediately.
Timmins Gold Corp. announces that it held its annual and special meeting of shareholders on July 19, 2012 and the following persons were elected to the board of directors: Arturo Bonillas, Bruce Bragagnolo, Miguel Soto, Frank Cordova, Eugene Hodgson, R. Barry Fraser, Paula Rogers and Keith Peck. Lawrence Dick resigned from the board of directors prior to the meeting but will continue as the Company’s Qualified Person. Mr. Dick was one of the original directors and helped the Company transition from a developer to a producer. The Company thanks Mr. Dick for his many years of service as a director.
Gold Resource Corporation reported its preliminary production results for the second quarter ended June 30, 2012 of approximately 14,500 ounces precious metal gold equivalent at a 60:1 price ratio. Gold Resource Corporation is a low-cost gold producer with operations in the southern state of Oaxaca, Mexico. The Company has returned over $53 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.
Great Panther Silver announced Wednesday evening a series of changes to its senior management structure, most notably splitting the formerly joint role of CEO and president.
Golden Minerals Company today provided production results for the three and six month periods ending June 30, 2012 as well as an update for the Velardeña Operations, located in Durango State in Mexico.
First Point Minerals Corp. announces that Cliffs Natural Resources Exploration Inc., an affiliate of Cliffs Natural Resources Inc., has notified First Point of its intention to exercise its pre-emptive right, which was granted under the terms of the Option Agreement between the parties dated November 12, 2009, as amended, to acquire sufficient securities of the Company in order that Cliffs will hold a 15% ownership interest in First Point.
Developments at La Colorada and El Castillo Look to Build Production Profile in Second Half of 2012
BOWMORE Exploration Ltd. is pleased to announce that it has negotiated, subject to regulatory approval, a non-brokered private placement for total gross proceeds of up to $1,400,000.
San Marco Resources Inc. has completed the first tranche of its non-brokered $700,000 private placement of units announced June 20, 2012 by selling 3,060,000 units at $0.10 per unit for gross proceeds of $306,000. The proceeds of the placement will be used for continued drill target definition on San Marco’s 100% owned Los Carlos II gold-silver property, drill target identification on its recently acquired Angeles property, and general working capital.
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