Great Panther Mining Limited made a voluntary assignment into bankruptcy under the Bankruptcy and Insolvency Act (Canada) following the Supreme Court of British Columbia granting an order terminating of its proceedings under Companies’ Creditors Arrangement Act (Canada).
Wealth Minerals Ltd. has arranged a non-brokered private placement offering of up to 2,631,579 units in the capital of the Company at a subscription price of $0.38 per Unit for gross proceeds of up to $1,000,000, each Unit consists of one common share and one common share purchase warrant, each Warrant entitles the holder thereof to purchase one common share in the capital of the Company at an exercise price of $0.48 per Warrant Share for a period of 24 months.
“The reduced production and lower metal prices have affected our results this quarter; however, we still maintain a healthy cash reserve of over $8.8million,” reported Robert Eadie, CEO of the Company.
Bear Creek Mining Corporation announces that its Board of Directors has authorized and approved the grant of 3,750,000 stock options under its stock option plan to certain directors, officers and employees of Bear Creek.
“We are pleased to continue executing Minaurum’s discovery generator model to advance its district-scale projects while pursuing the monetization of its non-core projects in exchange for a combination of royalties, carried interests, and significant share positions,” stated Darrell Rader, President and CEO of Minaurum Gold.
Fortuna Silver Mines Inc. is pleased to announce that it has amended its existing senior secured revolving credit facility with BNP Paribas, The Bank of Nova Scotia, Société Générale and other financial institutions and lenders, to increase the maximum facility amount by US$50 million to US$250 million.
This confirms the removal of the Company’s securities from the Stock Market Public Registry and approves the voluntary delisting of its common shares from the Lima Stock Exchange (BVL), effective December 15, 2022.
Osisko Development Corporation is pleased to announce the appointment of David Danziger as an Independent Non-Executive Director to the Company’s Board of Directors, effective December 14, 2022.
“We greatly value the collaboration with Trafigura and financial institutions in this programme, which in addition to benefiting mining companies and their suppliers with attractive financing conditions, brings stability and transparency to the supply chains of a sector of great importance for the Mexican economy by incorporating ESG incentives,” said Héctor de la Garza, CEO of eFactor Network.
Proceeds from the Financing will be used for exploration, working capital purposes and for the ongoing development of the Company’s Magistral project in Mexico including, but not limited to, metallurgical test work, final design and permitting.
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