McEwen Mining Inc. is pleased to announce the successful completion of its Rights Offering, which closed at 5 PM EST on December 4, 2012. The Rights Offering was fully subscribed for with proceeds totaling US$60.4 Million.
VANE Minerals is an explorer and developer of copper and uranium projects in North America. The Company is supported by revenues from its producing silver/gold operations in Mexico. Utilising a team made up of leading industry professionals the Company is targeting porphyry copper targets in Southwest USA in addition to expanding its gold/silver operations in Mexico and exploring high-grade breccia pipe targets in North America
2011 was a banner year for Goldgroup. The company completed its earn-in interest for 100% ownership of its flagship project, Caballo Blanco, situated near Veracruz, Mexico and completed a $40.25 million financing at $1.40 per share to fund development expenses (Stock Profile – TSE:GGA).
New Gold Inc. today provides an update on its 2012 financing activities that have resulted in the company having the highest cash balance in its history. Through the redemption of the company’s senior secured notes and convertible debentures as well as the recent warrant exercise, New Gold has simplified its capital structure. None of the company’s corporate debt is due until 2020. The company is in a strong financial position, with forecasted free cash flow generation from its portfolio of four producing assets expected to further enhance New Gold’s financial flexibility in 2013.
Gold Reserve Inc. is pleased to provide an update on managements activities related to arbitration and settlement discussions, debt restructuring, exchange listings, litigation settlement, exploration activities and its financial overview for the third quarter of 2012.
Defiance Silver Corp is pleased to announce the appointment of Matthew Kavanagh to the position of Chief Financial Officer. Mr. Kavanagh is a chartered accountant with 25 years of experience in accounting and as a Chief Financial Officer for various Canadian companies including several silver miners. Defiance also announces the resignation of Ron Sowerby as Chief Financial Officer. The Board wishes to thank Ron for his contributions to Defiance since its formation.
Cream Minerals Ltd. announces that it will SEDAR file its second quarter financial statements and management and discussion analysis on SEDAR and post these documents to the Company’s web site on November 29, 2012. In addition the Company advises US investors its shares are now quoted and traded on the OTCQB an electronic trading platform owned and operated by the OTC Markets Group. The Company’s symbol remains CRMXF.
Cerro Resources NL is pleased to announce that it has filed on SEDAR, the NI43-101 Technical Report supporting the Initial Inferred Resource announced October 24, 2012, for the 100%-owned Namiquipa Silver Project located in Chihuahua, Mexico.
Red Tiger Mining Inc. today reported that the quarterly unaudited Condensed Interim Consolidated Financial Statements and Managements Discussion and Analysis report for the three and nine months ended September 30, 2012 have been filed on SEDAR, www.sedar.com and on the Companys website, www.redtigermining.com .
NWM Mining Corporation is pleased to announce that it has engaged Sunel Securities Inc. as lead agent on a best efforts basis in connection with a proposed private placement of up to 160,000,000 units at an issue price of 0.05 per unit for gross proceeds of up to 8,000,000. Each Unit will consist of one common share and one whole common share purchase warrant. Each Warrant will entitle the holder, on exercise, to purchase one common share at 0.10 for a term of 48 months from the closing date. The proceeds of the Offering will be used to ramp up production at the Lluvia-Jojoba project, to conduct exploration and expand resources and to pay down existing debt as well as for general working capital purposes.
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