Category: Investor’s Corner

The Board of Directors of Fortunate Sun Mining Company Ltd. are pleased to announce that it has successfully completed its Initial Public Offering for gross proceeds of $1,500,000 under a prospectus dated October 18, 2011. Fortunate Sun issued 7.5 million units at a price of $0.20 per unit, with each unit comprised of one common share and one-half of a warrant, with each whole warrant exercisable into a common share for 18 months at $0.30 per common share. Haywood Securities Inc. (“Haywood”) acted as agent for the offering. Haywood received a cash commission of 10% of the gross proceeds of the offering, a corporate finance fee of $20,000 and Fortunate Sun granted agent’s options to Haywood and sub-agents to purchase up to an aggregate of 750,000 agent’s units at a price of $0.20 per agent’s unit exercisable for a period of 24 months.

VANCOUVER, BRITISH COLUMBIA, Dec 16, 2011 (MARKETWIRE via COMTEX) — Guerrero Exploration Inc. (“Guerrero” or the “Corporation”) (tsx venture:GEX) announces that it has completed the last closing of its previously announced private placement financing. The Corporation issued 1,669,166 units ($250,375) for a total raise of 6,456,997 ($968,550) units at $0.15 per unit, with each unit consisting of one common share and one common share purchase warrant. Each warrant is exercisable for 12 months from closing at an exercise price of $0.30 per common share, subject to acceleration in the event the Corporation disseminates a press release advising that its shares have traded on the TSX Venture Exchange at a price per share greater than $0.60 for 10 consecutive trading days (including days where no shares are actually traded), in which case the warrants shall expire, without further notice, on the 31st day following the issuance of the press release. Notwithstanding the foregoing, in no event shall the Corporation be entitled to issue such a press release within four months of the date of closing. The Corporation plans to use the proceeds from this financing for general working capital and exploration. Guerrero paid finders’ fees in respect to this closing of $18,250 and issued 120,867 finders’ warrants, each of which will entitle the holder to subscribe for one additional unit at the issue price for a period of one year from closing.

Vancouver, December 16, 2011– Fortuna Silver Mines Inc. (NYSE: FSM | TSX: FVI | BVL: FVI) is pleased to announce that it has been added to the S&P/TSX Composite, effective at the market open on Monday, December 19, 2011. The Company joins Canada’s other leading silver producers on the 255-company index, which represents the largest businesses on the Toronto Stock Exchange.

San Marco Resources Inc. announces that it has arranged a non-brokered private placement of 5,000,000 units at $0.10 per unit for gross proceeds of $500,000.

CANGOLD LIMITED (TSX-V: CLD, the “Company”) is pleased to announce the election of Ken Major, P. Eng., to the Board of Directors of the Company at today’s Annual and Special General Meeting of shareholders.

Endeavour Silver Corp TSX:EDR announced drill results from its Guanajuato Mines project in Guanajuato State, Mexico. Highlights include

TORONTO, ONTARIO, Dec 14, 2011 (MARKETWIRE via COMTEX) — Argonaut Gold Inc (“Argonaut Gold”, “Argonaut” or the “Company”) has named Mr. Richard Rhoades as the new Chief Operating Officer for the Company. This is in conjunction with the retirement of Mr. Edgar Smith, the current COO. Mr. Rhoades is the former General Manager of the Mission Complex in Sahuarita, AZ for Asarco LLC. He will take over duties as Argonaut’s COO on January 3, 2012.

Silver Sun Resource Corp. announces today that it has granted an aggregate of 1,300,000 stock options to a director, officer and consultants of the Company. Each option is exercisable at $0.32 per common share, the Company’s closing price on December 12th, 2011 and is exercisable at any time until December 12th, 2016. All of the options granted vest immediately and are exercisable in accordance with the terms of the Company’s stock option plan.

Vancouver, British Columbia — Silver Bull Resources, Inc. (AMEX: SVBL, TSX: SVB) (“Silver Bull”) has received commitments from various investors for the sale of 21,050,000 shares of common stock at a price of $US 0.50 per share. Silver Bull is pleased to announce the closing of the sale of 20,755,000 shares of common stock at a price of $US 0.50 per share for gross proceeds of $US 10,377,500. Silver Bull expects to close the sale of the remaining 295,000 shares of common stock this week.

VANCOUVER, Dec. 12, 2011 /CNW/ – Kootenay Gold Inc. (TSX VENTURE: KTN.V) is pleased to announce the appointment of Mr. Jon Morda, CA to the Company’s Board of Directors. Mr. Morda brings Kootenay over 20 years of experience in the mining industry, having served as Chief Financial Officer for several mineral exploration and gold producing companies. As a senior executive, Mr. Morda is highly adept in all areas of strategic corporate planning, operations, budgeting, accounting and taxation functions.