Heliostar CEO, Charles Funk commented, “Reinstatement on the OTCQX was a priority upon completing the acquisition of the Ana Paula Gold project. The scale of the transaction required a trading halt on our primary Canadian exchange resulting in a subsequent pause on the company’s OTCQX status until today.”
Once again, the Company believes it has an obligation to its shareholders to correct false or misleading statements made by ARC.
The Company has been in the process of preparing required documentation in respect of the Proposed Transaction including a NI 43-101 Technical Report on the Mecatona Property. The Company is continuing to correspond with the TSX Venture Exchange regarding the Proposed Transaction and will provide further updates in due course.
Radius Gold Inc. is pleased to report that its previously announced proposed non-brokered private placement is over-subscribed, and accordingly has been increased to 11,259,983 units at a price of $0.175 per unit, for gross proceeds of $1,970,497.
Heliostar Metals Limited is pleased to announce new additions to its management team. Samuel Anderson has joined as Vice President of Exploration and Stewart Harris has joined as Exploration Manager.
The President of Mexico, Andres Manuel López Obrador (AMLO), from the outset of his six-year term, made it abundantly clear that his government will exercise greater control and intrusive state supervision over mining activities in Mexico.
The application for the MCTO was due to the expected delay in filing the Company’s audited financial statements for the financial year ended December 31, 2022, and the management’s discussion and analysis and related Chief Executive Officer and Chief Financial Officer certificates for this period before the May 1, 2023, filing deadline.
“This is a first look at the strong economics around our Los Ricos North Mineral Resource with average annual production of 8.8 Million AgEq oz at a first quartile AISC of $9.68/oz AgEq. Los Ricos North forms a pipeline of growth after the construction of Los Ricos South, which we see as a high grade bulk underground mine targeted to be our first deposit advanced to production.”
“The cost reductions in all areas of the mine and administration are continuing to aid in producing profitable ounces day by day.” stated Salvador Garcia, Chief Operating Officer of the Company.
“We have differences with them, but that is another matter. That is another topic. When it comes to the sale and purchase of the bank there is no problem,” Lopez Obrador said.
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