Category: Investor’s Corner

TORONTO, Nov. 23, 2011 /CNW/ – Pala Investments Holdings Limited (“PIHL”) announced today that on June 22, 2011, PIHL acquired ownership of 4,354,500 common shares of Mercator Minerals Ltd. (“Mercator”) in connection with the acquisition by Mercator of Creston Moly Corp. (“Creston”) by way of plan of arrangement (the “Arrangement”). In addition, on November 21, 2011 PIHL purchased units (“Units”) of Mercator by way of private placement. Each Unit consists of one common share and one quarter of a common share purchase warrant (each a “Warrant”). PIHL acquired 1,143,014 Units comprising 1,143,014 common shares and 285,753.50 Warrants. Collectively between the two transactions, PIHL acquired ownership of 5,497,514 common shares representing approximately 2.12% of the 258,782,175 issued and outstanding common shares of Mercator, as known by PIHL, on a non-diluted basis.

International Northair Mines Ltd. (TSX VENTURE:INM) (the “Company” or “Northair”) is pleased to announce the appointment of Mr. Ryan E. Schedler to the Company’s Board of Directors.

Canadian miner Guerrero Exploration (CVE:GEX) has appointed investment banker James Ladner to its board, the company announced Monday.

Agnico-Eagle Mines Limited (AEM.TO) and Grayd Resource Corporation (GYD.V) announced that 91,228,900 common shares of Grayd, representing approximately 94.77% of the outstanding Shares on a fully-diluted basis, have been validly deposited pursuant to the offer made by Agnico-Eagle to acquire all of the issued and outstanding Shares. All conditions of the Offer have been satisfied and the Offer has now expired and will not be extended. Agnico-Eagle has taken up all deposited Shares and will pay for such deposited Shares not later than November 23, 2011.

The proceeds of the private placement will be used for the continuing development of Goldex’s El Pato, La Chorrera and El Arco properties located in both Guatemala and Mexico and for general working capital.

Mercator Minerals Ltd. today announced that it has arranged a non-brokered private placement with purchasers to purchase 11,428,572 units at a purchase price of $1.75 per Unit for aggregate gross proceeds of $20 million. The sale of the Units under the Offering has been fully allocated to a limited number of accredited purchasers, and is subject to necessary regulatory approvals and the execution and delivery of customary documentation.

The Company is developing the 100% owned Erika Project that covers 16,000 hectares and is located in Guerrero State, Mexico. Erika is surrounded by good quality infrastructure and is 47 kilometres south of the city of Iguala.

TORONTO, Ontario, November 16, 2011 – Torex Gold Resources Inc. (“Torex” or the “Company”) (TSX:TXG) is pleased to announce that 63.9 million common share purchase warrants have been exercised into an equivalent number of common shares of the Company at a price of $1.30 per share, for total proceeds to the Company of $83 million. Of this total, three million warrants were exercised before July 31, 2011.

Vancouver, B.C. MAG Silver Corp. (TSX: MAG; NYSE-A: MVG) (“MAG” or the “Company”) announces the Company’s unaudited financial results for the three and nine months ended September 30, 2011. For complete details of the third quarter unaudited Condensed Interim Consolidated Financial Statements and related Management’s Discussion and Analysis, please see the Company’s filings on SEDAR (www.sedar.com) or on EDGAR (www.sec.gov). All amounts herein are reported in Canadian dollars unless otherwise specified.

VANCOUVER, BRITISH COLUMBIA, Nov 14, 2011 (MARKETWIRE via COMTEX) — Silvermex Resources Inc. (“Silvermex”) reported today its unaudited financial results for the quarter ended September 30, 2011. The La Guitarra Mine, located in the Temascaltepec mining district of Mexico, has achieved the maximum capacity of its current mill design. Having achieved its objective for 2011 of reaching full mill capacity, the Company will now focus on conducting advanced exploration programs with the objective of expanding production.