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 months ended 31 March 2012.
Aura Silver Resources Inc. is pleased to announce that Mr. Alain Vachon has accepted the position of Vice President Exploration of Aura Silver. In addition, Mr. Nick Tintor has accepted an appointment to the Board as an independent Director. Alain replaces Mr. Eric Craigie who has retired from his management position but who will remain with the Board as a Director.
Aurcana Corporation is pleased to report its unaudited financial results for the first quarter ended March 31, 2012. The summary of the selected financial information should be read in conjunction with the Condensed Interim Consolidated Financial Statements (Unaudited) and the related Management Discussion and Analysis for the quarter ended March 31, 2012 dated May 24, 2012 together referred to as the “Financial Statements”, which have been filed on SEDAR (www.sedar.com) and the Company’s website (http://www.aurcana.com). All figures are in US dollars unless otherwise noted.
Esperanza Resources Corp. is pleased to announce that it has closed the previously announced private placement of 24,000,000 special warrants at a price of C$1.25 per Special Warrant for aggregate gross proceeds of C$30 million. The Offering was conducted through a syndicate of agents co-led by Cormark Securities Inc. and National Bank Financial Inc. and including Canaccord Genuity Corp. and Stonecap Securities Inc. The Agents also partially exercised the Agents’ option and sold an additional 3,214,000 Special Warrants at the Issue Price for additional gross proceeds of approximately C$4 million. As consideration for their services in connection with the Offering, the Company has paid to the Agents a cash commission equal to 6% of the proceeds of the Offering.
Endeavour Silver Corp. announced today a record shareholder turnout for the Annual General Meeting held yesterday in Vancouver. A total of 63.5 million votes were cast representing 72% of the issued common shares as of the record date for the meeting.
Excalibur Resources Ltd. announces, further to its news release of April 16, 2012, that it has completed a non-brokered private placement of 8,060,535 Units at $0.145 per Unit for a total of $1,168,777. Each Unit consists of one common share and one-half share purchase warrant. Each whole warrant is exercisable to acquire an additional common share at $0.20 per share for a one year period.
Argonaut Exploration Inc. announces that it intends to complete a non-brokered private placement of up to 10,000,000 units at a price of $0.05 per Unit for gross proceeds of up to $500,000. Each Unit shall be composed of one common share in the capital of the Company and one flow-through Common Share purchase warrant. Each Warrant shall be exercisable into one Common Share issued on a tax “flow-through” basis at an exercise price of $0.10 per Flow-Through Share until December 31, 2012.
Vancouver, B.C. – Prospero Silver Corp. (TSXV: PSL) (“Prospero” or the “Company”) is pleased to announce that it intends to complete a non-brokered private placement of up to 7,000,000 units at a price of $0.10 per unit, for an aggregate gross proceeds of up to CDN $700,000. Each unit will consist of one common share and one half warrant, each whole warrant exercisable by the holder to acquire one additional common share at a price of $0.20 for a period of 18 months from of the date of closing.
McEwen Mining Inc. announces that at its Annual General Meeting in Toronto on May 17, 2012, Mr.Robert McEwen, Chairman, President and Chief Executive Officer, provided an overview of the company’s current development plans and outlook for the price of gold.
Oremex Silver Inc. announces that it has made an application to the TSX Venture Exchange to extend the expiry date of 2,347,326 outstanding common share purchase warrants of the Company from May 28, 2012 to May 28, 2013, with all other terms and conditions of the Warrants remaining the same. Each Warrant is exercisable to purchase one common share of the Company at a price of $0.16 per common share. The application is subject to the approval of the TSX-V.
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