“Alamos Gold was founded 20 years ago this month with a market capitalization of less than $50 million, the Mulatos project, and a vision. Today, Alamos is a growing, diversified intermediate gold producer with a market capitalization of more than $4 billion, and a long-term track record of creating value for all of our stakeholders.”
Newmont’s proposal to combine with Newcrest is on the basis of 0.380 Newmont shares per Newcrest share, which would result in the combined company being 30 percent owned by Newcrest and 70 percent owned by Newmont.
Reyna Silver Corp. is pleased to announce that, in connection with its previously announced “bought deal” private placement of units, the Company has entered into an amended agreement with Eight Capital, as lead underwriter and bookrunner, and on behalf of a syndicate of underwriters pursuant to which the Corporation has increased the size of the private placement to 21,668,000 units of the Company at a price of C$0.30 per Unit for aggregate gross proceeds of C$6,500,400.
Heliostar Metals’ shares remain in a trading halt due to our acquisition of Ana Paula from Argonaut Gold.
Tony Makuch, CEO, commented: “Our graduation to the main board of the Toronto Stock Exchange reflects the significant progress we have made in advancing our Cordero silver project and the resulting growth and maturity of our Company.”
GR Silver Mining Ltd. announces today that it has accepted the resignation of Jonathan Rubenstein from the Board of Directors of the Company.
Paddy Nicol, Orogen’s CEO, commented: “Orogen’s project generation business continues to produce transactions focused on partner-funded exploration activity and royalty creation. Despite the challenging equity market, our junior exploration partners have spent over $5 million to advance our projects with encouraging results coming from Nevada.
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.
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