Sonoro Gold Corp. is pleased to announce that it has closed the final tranche of its previously announced non-brokered private placement for additional gross proceeds of C$259,208. Together with the first and second tranches of the Offering, the Company issued 22,600,000 units at a price of C$0.10 per Unit, for gross proceeds of C$2,260,000.
Thomas Atkins, President and CEO of Mammoth commented on the various activities being advanced by the Company, stating: ” Several months have passed since our last press release. I appreciate the patience and understanding of many of our shareholders during these challenging times in the resource sector. Although Mammoth has not announced exploration results these past months, the team remains busy advancing several cost-efficient initiatives which enhance our confidence in the economic potential of Tenoriba.”
Silver Tiger Metals Inc. is pleased to announce the appointment of Mr. Francisco Albelais as Vice-President of Operations and Mr. Charles Spath as Vice-President of Technical Services.
Tony Makuch, CEO, states: “The submission of our MIA represents a major milestone for the Company. The submission is supported by comprehensive environmental and social baseline assessment work and outlines detailed plans for the responsible and sustainable development of the Cordero Project.”
Endeavour Silver Corp. is pleased to announce that its wholly-owned subsidiary, Minera Plata Adelante SA de CV has closed the royalty sale with Gold Royalty Corp. As previously announced on July 31, 2023, MPA agreed to sell its interest in the 1% Cozamin royalty for total consideration of US$7,500,000, payable in cash.
Executive Chairman Bruce Bragagnolo stated “We are excited to showcase Regency and our new high grade gold-copper-silver discovery at our wholly owned Dios Padre Project in Sonora, Mexico. Drill results to date include REG-22-01 which intersects 35.8 metres of 6.84 g/t gold, 0.88% copper and 21.82 g/t silver along with 13.97 g/t Au, 50.25 g/t Ag and 1.11 % Cu over 9.8 m as well as REG-23-14 which intersects 35.9m of 5.51 g/t Au including 29.4m of 6.32 g/t Au. Indications are that Dios Padre is a large, long lived magmatic-hydrothermal Au-Cu-Ag system with multiple overprinting events.”
Eric Caba, President & CEO, states, “During Q2 2023 the Company felt the brunt of development work delays, operating performance challenges, inflationary pressures, and foreign exchange factors that transpired during the first quarter. I want to stress that we are actively working to address and mitigate these factors to improve the Mercedes operation and the Company’s financial strength.”
Aztec Minerals Corp. announces that, further to its news release dated August 8, 2023, the Company has closed the first tranche of its non-brokered private placement consisting of 4,051,450 units at a price of CAD$0.225 per Unit for gross proceeds of CAD$911,576.
“This refinancing provides Orla with additional flexibility to lower its cost of capital while maintaining liquidity,” said Etienne Morin, Chief Financial Officer of Orla.
The Company maintains a strong balance sheet with $13.7 million in cash and no long-term debt. During the period, the Company completed a $9.0 million, non-brokered private placement and ended the quarter with working capital of $13.3 million.
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