Radius Gold Inc. is pleased to announce that it has closed its previously announced non-brokered private placement with the issuance of 11,149,983 units at a price of $0.175 per unit, for gross proceeds of $1,951,247.
When the reverse stock split becomes effective, every 25 shares of the Company’s issued shares of common stock will be combined into one share of common stock without any action on the part of the Company or its stockholders.
“This refinancing is an important step in the Company’s return to sustainable, long-term growth,” said Ernesto Balarezo, Interim Chief Executive Officer, Sierra Metals.
Alamos Gold Inc. today reported a summary of the voting results of its Annual General Meeting of Shareholders. The Company is also announcing the retirement of Kenneth Stowe from the Board of Directors, and the appointment of Shaun Usmar.
We continue investing aggressively in our assets as we build what we feel is Mexico’s fastest growing silver mining company. Operating results for Q1 continue to demonstrate growth and are aligned with our expectations for this phase of the ramp-up; I commend our 100% Mexican operations team for their technical excellence as we optimize production at all four of our producing silver mines.”
Silver Dollar Resources Inc. is pleased to announce that, further to its news release of April 11, 2023, it has completed the exercise of its option and now owns a 100% interest in its La Joya silver-copper-gold property.
“Climate change is one of the greatest global challenges of our time and its impact on our earth and our business is undeniable,” said Newmont President and CEO Tom Palmer. “We believe that industries that create value — like mining — have a responsibility to drive bold actions and innovation to facilitate the transition to a low-carbon economy.”
Kootenay Silver Inc. announces that it has closed its previously announced brokered private placement offering of units of the Company for gross proceeds of approximately $2.1 million with a non-brokered portion for gross proceeds of approximately $1.6 million, at a price of $0.10 per Unit for aggregate gross proceeds of $3,772,500.
Paddy Nicol, CEO of Orogen, commented: “Orogen’s first quarter financial results in 2023 represent the Company’s fifth consecutive quarter of profitability. During the period, royalty revenue from our 2% NSR royalty on the Ermitaño mine increased by 78% compared to the same period in 2022.”
ALORO MINING CORP. announces that the TSX Venture Exchange has granted a thirty day extension to the Company for completion of its non-brokered private placement previously announced in its News Releases of March 20, 2023 and May 9, 2023.
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