Category: Investor’s Corner

Aurion Closes $3 Million Financing

Aurion Resources Ltd. is pleased to report that it has completed its previously announced non-brokered private placement, for 8,571,426 million units at a price of CDN$0.35 per unit to raise aggregate gross proceeds of CDN$3 million. Each unit consists of one common share of Aurion and one full share purchase warrant of Aurion. Each whole share purchase warrant will entitle the holder thereof to acquire one additional common share of Aurion at an exercise price of CDN$0.45 cents per share for three years. Aurion can elect to accelerate the exercise of the warrants if Aurion’s volume-weighted average share price is at or above CDN$0.70 per share, based on the preceding 20 day closing share price. Finder fees of $99,612 in cash and 310,000 units (share plus warrant) and 424,718 compensation warrants are payable in connection with this financing. These warrants have the same terms as the above share purchase warrants.

Defiance Silver Corp Adds George Gorzynski to Its Board of Directors

Defiance Silver Corp is pleased to announce that further to the Defiance news release dated August 31, 2011, George Gorzynski, P.Eng., has joined its Board of Directors. Mr. Gorzynski holds a Bachelor of Applied Science (Honours) from the University of Toronto and a Master of Applied Science from the University of British Columbia. He is a Professional Engineer registered in the Province of British Columbia. George has over 30 years experience exploring and developing mining projects in Mexico and worldwide.

Oroco Closes Second Tranche of Non-Brokered Private Placement

Oroco Resource Corp. announces it has today closed the second and final tranche of a non-brokered private placement financing (the “Financing”) it previously announced by news release dated February 27, 2012, and amended March 2, 2012. The Company has raised gross proceeds of $647,500 in this second tranche closing through the sale of a total of 2,590,000 units at a price of $0.25 per unit. Each unit consists of one common share and one half of one common share purchase warrant. Each whole share purchase warrant will be exercisable into one additional common share for a period of 18 months at a price of $0.40 per share. The securities issued in connection with this private placement will be subject to a four-month hold period in accordance with applicable Canadian Securities Laws.

Baja Mining Comments on ISS Recommendation

Baja Mining Corp. today commented on a report issued by Institutional Shareholder Services regarding the proxy contest initiated by dissident shareholder Mount Kellett Master Fund II A LP. A Baja shareholders’ special meeting requisitioned by Mount Kellett is scheduled for April 3, 2012.

UC Resources – Message from the CEO

I recently attended the annual PDAC convention in Toronto and met with a number of shareholders. We always welcome the opportunity to directly answer questions and discuss company plans with our shareholders. We believe in being accessible, accountable and responsive.

Fresnillo Sticks To Dividend Policy As It Boosts Capex

Fresnillo has no plans for a special dividend despite strong cash position, no debt

-Fresnillo plans to use cash to fund a 54% rise in its 2012 capex plan

-Fresnillo on track to open every year a new mine or complete expansion project over next 5 years

Guerrero Amends Terms of $1,500,000 Brokered Private Placement, Euro Pacific Canada Acts as Agent

Guerrero Exploration Inc. (“Guerrero” or the “Company”) (TSX-V: “GEX”) announces that the Company has amended the terms the previously announced private placement being brokered by Euro Pacific Canada Inc. (“the Agent”). Subject to regulatory approval, the placement now consists of up to 12,000,000 Units at $0.125 per Unit for total gross proceeds of $1,500,000. Each Unit will consist of one common share and one-half of a common share purchase warrant (a “Warrant”). In addition, the Company will grant the Agent an option to sell up to 15% additional Units under the same terms to raise additional gross proceeds of $225,000. Each whole Warrant will entitle the holder to purchase one common share at $0.25 for a period of 12 months from the date of closing.

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