Guerrero Closes Financing
Guerrero Exploration Inc. announces that it has closed its previously announced financing by issuing 1,560,000 units (“Units”) at $0.20 each.
Guerrero Exploration Inc. announces that it has closed its previously announced financing by issuing 1,560,000 units (“Units”) at $0.20 each.
Coeur dAlene Mines Corporation announced today that Mitchell J. Krebs has been appointed as President and Chief Executive Officer of the Company. In addition, the Board of Directors also elected Mr. Krebs as a director and Robert E. Mellor as non-executive Chairman of the Board.
Argonaut Gold Inc. announced today that the Company produced 17,453 ounces of gold during the 2nd quarter ended June 30, 2011, at its 100% owned El Castillo Mine (“El Castillo”), located 100 km north of the city of Durango, Mexico. Gold produced in the first half of 2011 was 35,467 ounces, which is in line with the Company’s guidance of 70-75,000 ounces for full year production.
Corex Gold Corp. is pleased to announce a non-brokered private placement of up to 3,333,333 units at a price of $0.30 per unit, for aggregate gross proceeds of up to CDN $1,000,000. Each unit will consist of one common share and one half warrant, exercisable by the holder to acquire one additional common share at a price of $0.45 for 12 months from Closing. The warrants are subject to an accelerated expiry which comes into effect once the shares trade above a weighted average price of $0.50 for any twenty consecutive trading-day period, subsequent to four months from Closing. In the event of an accelerated expiry, the expiry date will be the earlier of the regular two year expiry date and 30 days from the date the Company advises the placees of the accelerated expiry. The Private Placement and payment of any finder’s fee are subject to acceptance by the TSX Venture Exchange.
Dia Bras Exploration Inc. announced the appointment of Fernando Piccini as Chief Financial Officer or CFO, effective immediately. Piccini, replaces Chief Financial Officer, Ernesto Duran, who has tendered his resignation to assume a consulting position.
TORONTO, ONTARIO, Jul 14, 2011 (MARKETWIRE via COMTEX) — ECU Silver Mining Inc. (“ECU”) is pleased to report that it has closed the previously announced issuance of CAD$15 million principal amount, 0.0% senior unsecured convertible notes at par (the “Convertible Notes”) in a private placement (the “Private Placement”) to Golden Minerals Company (“Golden”). The Private Placement was described in the June 24, 2011 joint press release in which ECU and Golden announced the signing of an arrangement agreement pursuant to which the two companies have agreed to merge by way of plan of arrangement under the Quebec Business Corporations Act (the “Arrangement”).
VANCOUVER, BRITISH COLUMBIA, July 13, 2011 – GOLDCORP INC. (TSX: G, NYSE: GG) today agreed to support the proposed transaction by which Northgate Minerals Corporation (“Northgate”) (TSX: NGX, NYSE Amex: NXG) will acquire all of the issued and outstanding shares of Primero Mining Corp (“Primero”) (TSX: P). The transaction will be effected through a plan of arrangement under the British Columbia Business Corporations Act.
VANCOUVER, BRITISH COLUMBIA, Jul 13, 2011 (MARKETWIRE via COMTEX) — Bearing Resources Ltd. (“Bearing” or the “Company”) reports that the Company has granted an aggregate of 2,090,000 incentive stock options (the “Options”) at an exercise price of $0.72 per Option, of which 1,800,000 Options were granted to insiders of the Company. The Options will vest over a two year period from the date of grant. The Options are granted in accordance with the Company’s Incentive Stock Option Plan approved on March 22, 2011. The grant of the Options is subject to the final approval of the TSX Venture Exchange.
Toronto, July 13, 2011 – Scorpio Mining Corporation (TSX:SPM) (“Scorpio Mining” or the “Corporation”) is pleased to report a second strong production quarter in 2011 (“Q2 2011”), representing significant increases over Q2 2010 and maintaining production levels attained in the first quarter of 2011.
MONTREAL, QUEBEC, Jul 12, 2011 (MARKETWIRE via COMTEX) — Dia Bras Exploration Inc. (“Dia Bras” or the “Company”), announces that that it has filed today on SEDAR a revised Interim Financial Report for the three-month period ended March 31, 2011. The revised Interim Financial Report include in Note 23 (d) and (e) the equity reconciliation for March 31, 2010, and December 31, 2010, as required by IFRS 1 First Time Adoption of International Financial Reporting Standards. This revision had no impact of the operating results published by the Company for the three-month period ended March 31, 2011, in the Company’s news release dated June 30, 2011.
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