Reyna Silver Corp. is pleased to announce that it has entered into an agreement with Eight Capital, as lead underwriter and bookrunner, and on behalf of a syndicate of underwriters in connection with a “bought deal” private placement financing of 13,334,000 units of the Company at a price of C$0.30 per Unit for aggregate gross proceeds of C$4,000,200.
“Marc and I worked closely at Barrick Gold and most recently in a private venture. I believe that Marc has the right skill set to facilitate Argonaut’s repositioning to a lower cost North American gold company with significant organic growth opportunities,” stated Richard Young, President and Chief Executive Officer.
While the Company and Canasil are not proceeding with the transactions contemplated by the LOI following its expiry, the parties may still explore alternative strategic transactions in the future.
Defiance Silver Corp. is pleased to announce the appointment of Mr. Douglas Cavey to the position of Executive Vice President.
“We are very pleased to see such positive shareholder support for our accretive acquisition of Yamana,” said Michael Steinmann, President and Chief Executive Officer of Pan American. “This is a transformational and strategic transaction for Pan American that will strengthen the Company’s position as the leader in silver and gold production in Latin America.”
GR Silver Mining Ltd. announces that it proposes to undertake a non-brokered private placement of units at a purchase price of $0.10 per Unit, to raise total gross proceeds of up to $3 million.
“We are pleased with the results from the Santana gold project during our first year of operations in 2022. Despite the difficulties that presented themselves during the year, both capital and operating costs continue to meet our expectations and provide a sound basis to inform the Company’s plans for the development of the upcoming Cerro de Oro project,” stated Darren Koningen, CEO.
N. Eric Fier, CPG, P.Eng, and CEO, stated, “We are very pleased with our progress at Las Chispas. Within five months of our first metal pour we declared commercial production, refinanced our previous project financing facility, which we did not fully draw, and reduced our total debt outstanding from $90 million to $50 million. As we begin 2023, our focus is on generating revenue and using established cost controls to maximize free cash flow and pursue growth opportunities.”
Excellon Resources Inc. is pleased to announce that effective January 31, 2023, the Company’s common shares will commence trading on the OTCQB Venture Market in the United States, under the symbol “EXNRF”.
Tamino Minerals is pleased to announce that we have retained a new consultant to the Company. The Company is planning to increase its land positions and is currently looking into several projects that will require additional work.
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