Riverside Resources Inc. reports agreed upon amendments to the Option Agreement between the Company and Sierra Madre on the Penoles Property in Durango State, Mexico. The amended Option Agreement is subject to TSX Venture Exchange approval.
VVC Exploration Corporation is pleased to announce that it has completed a financing aggregating $387,500 representing 7,751,620 units at a price of $0.05 per Unit. Each Unit consists of one common share and one common share purchase warrant of the Company. Each Warrant entitles the holder to purchase one additional common share of the Company at $0.12 per share until August 31, 2013 and thereafter at $0.18 per share until August 31, 2014.
NWM Mining Corporation announces an extension of the debt facility coming due in December 2012 to June 14, 2013. US $500,000 of interest payable in September and October will be capitalized in the form of a convertible debenture with a strike price of $0.06 due September 20, 2013. This convertible bears interest at a rate of 15% and is not subject to amortization repayments. A cash payment of $150,000 is payable and 10,500,000 common shares of NWM will be issued on closing.
Chesapeake Gold Corp. reports on the current status of the pre-feasibility study on its 100% owned Metates project located in Durango State, Mexico. The Metates project contains a NI 43-101 measured and indicated resource of 19.0 million ounces gold and 519 million ounces silver together with 4.2 billion pounds of zinc (see NR2-2012 dated February 16, 2012) making it one of the largest undeveloped gold-silver projects in the Americas.
Azure Minerals Limited announces that it has received commitments to participate in a share placement of 39,000,000 fully paid ordinary shares at $0.018 each to raise $702,000. Options exercisable at 2 cents each and expiring 2 years from their issue date will also be allocated on the basis of one free option for every two shares subscribed.
Guerrero Exploration Inc. announces that it has closed its previously announced financing by issuing a total of 9,650,000 Units at $0.05 each, for total gross proceeds of $482,500.
First Mexican Gold Corp. announces that 1,700,000 options to officers and directors have been cancelled.
Scorpio Mining Corporation is pleased to provide an update on its corporate, operational and exploration activities and progress during 2012 and report the Company’s action plan for the remainder of the year.
Oro Mining Ltd. announced today that Richard Hall, Anthony Hawkshaw, Akiba Leisman and Cesar Gonzalez have been appointed directors of Oro Mining effective immediately. Concurrently, Ronald Ewing, Robert Kendrick and Stuart Rogers have each resigned as a director.
Mazorro Resources Inc. announces that Mr. Andre Audet is to be appointed Interim President and Chief Executive Officer of Mazorro Resources Inc. effective September 30, 2012. Mr. Audet is a co-founder and current director of Mazorro.
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