Tocvan Ventures Corp. is pleased to announce it will be proceeding with a non-brokered private placement of up to 666,667 units at CAD $0.90 per Unit for gross proceeds of up to CAD $600,000.
“Over the last five years, Coeur has invested approximately $240 million in exploration capped off by our largest program in Company history last year, totaling $71 million.”
“Now that we have poured gold and begun the transition to producer, the team remains focused on achieving steady state operations,” said Jason Simpson, President and Chief Executive Officer of Orla Mining.
Magna Gold Corp. deeply regrets to report a fatal accident involving three employees at its San Francisco Mine on February 15, 2022.
“Con profundo pesar la empresa minera Magna Gold Corp informa del accidente ocurrido este 15 de febrero de 2022 en mina San Francisco y manifiesta su solidaridad con las familias de sus colaboradores David Gerardo Márquez Granillo, Leonel Ozuna Celaya y Roberto Corrales Armenta, quienes desafortunadamente perdieron la vida”, anunció la empresa minera.
“Initial production of Ermitaño has gone exceptionally well and we look forward to the ramp-up of full-scale production in 2022,” commented Orogen CEO Paddy Nicol.
“Our investments in optimization and expansion over the past two years have allowed us to take advantage of robust copper prices, positioning us now with a large net cash balance sheet ahead of a period of transformational growth.”
Upon completion of the Transaction, the new company will be named Capstone Copper Corp.
“The key properties which we sold are primarily porphyry copper targets, one of which is drill ready. Our stakeholders will now have significant exposure to copper exploration, with no direct costs to Sun Summit. Exploration will be carried out by an experienced Green Earth management team, who we know well.”
The Company intends to use the net proceeds of the offering for continued exploration and development activities at the Company’s Magino project and for general corporate purposes.
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