Esperanza Resources Corp. is pleased to announce that further to its press release of May 2, 2012 whereby it announced a private placement financing of up to 8,000,000 special warrants at a price of $1.25 per Special Warrant for gross proceeds of $10,000,000 that it is increasing the size of the Offering.
Scorpio Mining Corporation reports its financial and operating results for the first quarter ended March 31, 2012. This press release should be read in conjunction with the Corporation’s unaudited condensed interim consolidated financial statements and the Management’s Discussion and Analysis for the three months ended March 31, 2012 which are available on the Corporation’s website at www.scorpiomining.com and on SEDAR at www.sedar.com. All monetary figures are expressed in Canadian dollars unless otherwise specified.
Esperanza Resources Corp. is pleased to announce the appointment of Greg Smith as the new President and Chief Executive Officer and Laurence Morris as the new Chief Operating Officer of the Company. Both are highly experienced professionals previously involved with the success of Minefinders Corporation Ltd. including the recent $1.5 billion acquisition of Minefinders by Pan American Silver Corp. Mr. Smith has also been appointed to the Board of Directors of Esperanza. The Company is also pleased to announce that Marcel de Groot and Andrew Swarthout have been appointed to the Company’s Board of Directors to fill the vacancies created by the resignations of Steve Ristorcelli and George Elliot, who have resigned from the Board of Directors of Esperanza.
Oremex Silver Inc. announces that it has amended the terms of the proposed private placement initially announced by press release on April 16, 2012.
Primero Mining Corp. today reported financial results for the first quarter ended March 31, 2012. The Company reported net earnings of $18.6 million ($0.21 per share) with adjusted net earnings(1) of $18.8 million ($0.21 per share). Operating cash flows(2) were $21.3 million ($0.24 per share).
Fortunate Sun Mining Company Ltd. is pleased to announce that at the Company’s Annual General Meeting held on April 27, 2012 the following individuals were re-elected to the board of directors: Reg Advocaat, Peter Chen, Gary Nordin, Scott Young and Terrance Owen.
Galore Resources Inc. announces a non-brokered private placement of up to 7.5 Million units at a price of $0.10 per unit with an overallotment option of an additional 15% or 1,125,000 units. Each unit will consist of one common share and one share purchase warrant. Each warrant will be exercisable into one additional common share at a price of $0.20 per share for a period of eighteen months from the date of closing of the financing.
Sonora Resources Corp., a mineral exploration and development company focused on the acquisition and development of international silver and gold mining properties, is pleased to announce the closing of a private placement for gross aggregate proceeds of $740,000. The private placement consisted of the sale of an aggregate of 3,700,000 shares of the Company’s common stock at a price of $0.20 per share. Subscribers included First Majestic Silver Corp. (which invested $350,000) and an officer of First Majestic Silver Corp. The shares issued under the private placement are restricted under applicable securities laws and are not freely tradable.
El Tigre Silver Corp. is pleased to announce a non-brokered private placement for up to 12,000,000 units of the Company at a price of $0.25 per Unit for aggregate cash proceeds of $3,000,000. Each Unit will be comprised of one common share and one-half of a common share purchase warrant. Each whole Warrant will entitle the holder to acquire an additional common share of the Company for a period of 18 months from the date of issue at a price of $0.40. An 8% cash finders’ fee and warrants equal to 8% of the Units issued may be payable on all or a portion of the offering.
Dia Bras Exploration Inc. is pleased to announce its production results for the first quarter of 2012.
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