The shareholders voted in favour of the ordinary resolution to approve the proposed acquisition of all of the issued and outstanding shares of La Guitarra Compañia Minera S.A. de C.V from Corporacion First Majestic, S.A. de C.V. in exchange for 69,063,076 common shares of the Company at a deemed price of $0.65 per Consideration Share, having an aggregate value of $44,890,999 (US$35 million).
“The proceeds from this financing will be used to continue drilling at our Palos Verdes project and to complete the mapping and sampling program at the Los Pavitos project and conduct an initial diamond drilling program on that property,” said Craig Gibson, President and CEO of Prismo Metals.
Goldgroup Mining Inc. is pleased to announce it has entered into a loan agreement dated December 9, 2022 with Calu Opportunity Fund LP, previously known as Sail Natural Resources LP in the principal amount of USD$2,160,000.
Chairman and CEO James Anderson said, “Over the last two years the Company has purchased premium Mexican silver assets at rock-bottom prices. As we continue to ramp up production at our four producing silver mines, and as the silver price continues to gradually increase, we are acting now to strengthen our balance sheet in order to deploy targeted capex where it can have the most impactful returns on investment.”
Shareholders approved all items to be acted upon as outlined in the Management Information Circular of the Company dated November 3rd, 2022.
Madoro Metals Corp. announces that it has granted an aggregate of 3,150,000 incentive stock options to members of its Board and management team.
Silver Viper Minerals Corp. is pleased to announce that it has closed the first tranche of its $2 million private placement announced on November 24, 2022, issuing 1,637,000 units of the Company at a price of $0.20 per Unit for aggregate gross proceeds of $334,600.
Dan Dickson, Chief Executive Officer, stated “With a verified current resource of nearly 600 million ounces of silver, the 2022 Pitarrilla Report validates the merits of acquiring one of the world’s largest undeveloped silver deposits.”
“Hecla is honored to receive this important award,” said Phillips S. Baker, Jr., Hecla’s President and CEO. “At each of our sites, Hecla is committed to the safety of our workforce, and mining practices which minimize the impact of our operations on the environment, and respect and support the communities where we live and work.”
Vizsla Silver Corp. is pleased to announce the results of the Company’s Annual General and Special Meeting of the Shareholders held in Vancouver, British Columbia on December 8, 2022.
Mexico Mining Center © 2021 / All Rights Reserved
