The net proceeds from the financing will be used for development activities at the Camino Rojo Oxide Gold Project and at the Cerro Quema Oxide Gold Project, exploration activities, technical studies on the Camino Rojo Sulphide Project, and for general corporate purposes.
Duane Poliquin, Chairman of Almaden, stated “We would like to thank our shareholders for their support. Mark Brown did not stand for election to the Board this year as he has decided to focus on other business interests. We thank Mark for his years of service to the Company. At the same time, we welcome Ria Fitzgerald as a new Almaden Board member.”
Following completion of the Arrangement, current Fortuna shareholders and former Roxgold shareholders will own approximately 63.6% and 36.4% of the outstanding Fortuna Shares, respectively. Post-arrangement, Fortuna will continue under the name “Fortuna Silver Mines Inc.” with the ticker symbol “FVI” on the Toronto Stock Exchange and “FSM” on the New York Stock Exchange, and Roxgold will be a wholly-owned subsidiary of Fortuna.
No placement agent or finder’s fees were paid in connection with the Private Placement, and the net proceeds of the Private Placement will be used by Silver Bull for general working capital purposes.
Eric Zaunscherb is a Canadian geologist with over thirty years of experience as a mining and capital markets analyst.
United States Antimony Corporation announces operation update.
Frederick H. Earnest, President and Chief Executive Officer of Vista, commented, “We are pleased to receive this final payment and successfully complete this agreement with Prime Mining.”
“We are extremely pleased to provide shareholders and investors this important and exciting news of achieving a negotiated US$26 million debt restructuring” states Ralph Shearing, CEO, “Within several weeks we anticipate closing the last step in our company’s recently announced Accendo Syndicate funding plan to provide Altaley a fully funded solution to complete the ongoing construction of its flagship Tahuehueto gold mine.”
Goldgroup Mining Inc. announces that—further to its legal update provided on April 20, 2021, where the Company announced the Tenth Circuit Court of Appeals affirmed the May 9, 2019 order and judgment from United States District Court for the District of Colorado, which confirmed the arbitration award the Company received on August 14, 2016 pursuant to an arbitration held in Denver, Colorado, commencing in March 2014—the Company has received the USD $1.1 million appeal bond funds posted by DynaResource Inc. in connection with its appeal to the Circuit Court.
Advance Gold Corp. is pleased to announce that it has applied to the TSX Venture Exchange to extend the expiry date on 3,082,000 share purchase warrants, issued pursuant to a Private Placement Financing in July 2019, by 1 year to July 9, 2022.
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