Category: Investor’s Corner

Timmins Gold Reports Record Production of 94,444 ounces of gold for 2012

Timmins Gold Corp. is pleased to report record production of 94,444 ounces of gold for 2012, which included production of 24,556 ounces of gold for its Q4 2012 fiscal quarter ended December 31, 2012. Timmins Gold also produced 56,252 ounces of silver during the year including 16,203 ounces of silver during the quarter.

Bacanora Announces Issuance of Shares for Services Rendered

Bacanora Minerals Ltd. announces the issuance of an aggregate of 192,000 common shares at a price of 0.25 per share to James Leahy, a director of the Corporation. The foregoing shares are being issued in payment of services rendered under a consulting agreement pursuant to which Mr. Leahy has provided various corporate financial advisory services to Bacanora. The foregoing consulting services have been recorded and disclosed in the Corporation’s most recent financial statements for the period ended September 30, 2012. The completion of this share issuance is subject to the approval of the TSX Venture Exchange. Upon issuance, the foregoing shares will be subject to a statutory four-month hold period in accordance with applicable securities laws.

Tumi Resources Limited – Tumi announces private placement, consolidation and appointment of new director

Tumi Resources Limited announces that it proposes to undertake a non-brokered private placement financing of up to 12,500,000 units at $0.05 per unit to raise gross proceeds of $625,000. Directors and Officers of the Company will be participating in the private placement financing. Each Unit will consist of one common share and one common share purchase warrant. Each Warrant will entitle holders to purchase one common share of the Company at a price of $0.10 per common share for a period of three years from closing of the private placement financing. The funds raised will be used to fund further work on the Company’s projects in Sweden and Mexico, and for general working capital purposes.

DynaResource Announces Completion of $ 2,902,930 USD Private Placement to Existing Shareholders

DynaResource, Inc., a Resource Investment and Management Company based in Irving, Texas, with a current focus on the San Jose de Gracia high grade gold project in Sinaloa State, Mexico, is pleased to announce that it has completed a Private Placement to existing Shareholders in the total amount of $2,902,930 USD. The Placement consisted of: (a) 138,670 Common Shares at $ 4.00 per Share; and, (b) 469,650 Common Shares at $ 5.00 per Share. The total Placement was for 608,320 Common Shares resulting in Gross Proceeds to the Company of $ 2,902,930 USD. (at an average cost basis of $ 4.77/Share). In addition to the 608,320 Common Shares sold, 939,300 Warrants were granted to purchasers of which; 469,650 Warrants are exercisable at a price of $ 5.00 per Share on or before December 31, 2014, and 469,650 Warrants are exercisable at a price of $ 7.50 per Share on or before December 31, 2015. All Common Shares sold in the Placement, and additional Common Shares to be issued upon exercise of Warrants are to be issued pursuant to Rule 144.

Mercator Minerals Announces Intention To Terminate SEC Reporting Obligations

Mercator Minerals Ltd. today announces that the Board of Directors has unanimously approved the voluntary filing of the Form 15F with the United States Securities and Exchange Commission to terminate its SEC reporting obligations and the registration of its common shares under the Securities Exchange Act of 1934, as amended.

Silver Standard announces the appointment of two new board members and management changes

Silver Standard Resources Inc. announced the appointment of two additional directors, Mr. Gustavo Herrero and Mr. Steve Reid, to its Board of Directors. The Board approved the appointments to gain additional expertise in the oversight of operations and development activities in Mexico and South America, key areas of focus for the Company. The appointments are effective January 8th, 2013, and bring the total number of directors on the Board to eight.

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