Pinnacle Silver and Gold Corp. closed on February 25, 2025, a non-brokered private placement raising C$800,000 via 20M units at C$0.04 each (1 share + ½ warrant at C$0.06 for 24 months). Proceeds fund El Potrero exploration, taxes, working capital. Insider participation; related party transaction exempt. Concurrently closed option to acquire 100% El Potrero project.
Pinnacle Silver and Gold Corp. announces that, further to the Company’s news releases dated October 28, 2024, December 10, 2024, January 29, 2025 and February 24, 2025, it has closed its non-brokered private placement and the associated staged option to acquire up to a 100% interest in the Potrero property in Durango, Mexico.
Southern Silver Exploration Corp. announces that it has closed its previously reported non-brokered private placement by issuing 19,909,335 units at a price of $0.18 per unit for gross proceeds of $3,583,680.30.
Southern Empire Resources Corp. has assigned its option on the 600-hectare Centauro Gold Project in Chihuahua, Mexico, to Fortuna Mining Corp.’s subsidiary Monumental Minerals, allowing Fortuna to earn 100% interest. In exchange, Southern Empire receives up to US$975,000 in staged payments, a 1% NSR royalty (with 0.5% buyback option), and issues 400,000 shares to the vendor. Fortuna commits to annual $200,000 exploration spending. TSX-V acceptance pending.
Oroco Resource Corp. is pleased to announce that, further to its news release dated February 12, 2025, it has received $2,303,555.75 in gross proceeds for its oversubscribed private placement of 9,214,223 units of the Company at a price of $0.25 per Unit.
Capitan Silver Corp. closed a C$5.3 million private placement, issuing 13.25 million units at C$0.40 each (one share + one warrant at C$0.50 for 12 months). Led by Jupiter fund; proceeds for Cruz de Plata project exploration and working capital.
“The spinout of Blue Jay Gold is an exciting opportunity for Riverside shareholders to gain direct exposure to a new, focused gold exploration company,” said John-Mark Staude, CEO of Riverside Resources.
“We are delighted to welcome Jackie Przybylowski to our Board of Directors. We look to leverage Jackie’s technical and financial expertise along with her strong relationships within the investment and global mining community as we advance our portfolio of projects and continue to build stakeholder value,” commented Interim CEO and Chairman, Andrew Bowering.
Mako Mining Corp. is pleased to provide an update on Mako’s proposed acquisition of the Moss Mine in Arizona, through the acquisition of 100% of the issued and outstanding common shares of EG Acquisition LLC from investment funds controlled by Mako’s controlling shareholder, Wexford Capital LP.
Greg Smith, President and Chief Executive Officer of Equinox, stated: “This merger represents a transformative step forward for both Equinox and Calibre, bringing together two complementary companies with strong production, growth potential, operational expertise, and a shared commitment to responsible mining.”
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