Subject to the receipt of all regulatory approvals, the Company will issue 3,333,333 Units, each Unit consisting of 1 common share and 1 common share purchase warrant, each warrant being exercisable at $0.075 for 24 months, expiring June 17, 2023, for gross proceeds of $200,000.
Ridgestone Mining Inc. is pleased to announce that it has filed on SEDAR an independent technical report prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects supporting the maiden mineral resource estimate for its Guadalupe y Calvo gold-silver project, previously reported in the Company’s news release dated May 10th, 2021.
Excellon Resources Inc. is pleased to announce the filing of an independent technical report for the Platosa Mine in Durango, Mexico, which has been prepared in accordance with National Instrument 43-101 with an effective date of March 31, 2021.
SilverCrest Metals Inc. is pleased to announce the results of its Annual General Meeting of Shareholders held in Vancouver, BC on June 15, 2021.
Vancouver, B.C., June 16, 2021, Candelaria Mining Corp. announces that the Company will not be proceeding with the proposed brokered private placement that the Company previously announced on April 14, 2021 and May 13, 2021.
Fabled Silver Gold Corp. is pleased to provide an update on its spin-out its interest in the Muskwa copper project in northern British Columbia by distributing the shares it holds in its wholly owned subsidiary Fabled Copper Corp. to the shareholders of the Company through a statutory plan of arrangement.
“I’ve been informed of a decision taken to reopen the mine in Cosala, Sinaloa. A deal is being reached. It’s moving forward,” President Andres Manuel Lopez Obrador told reporters during a regular government news conference.
“With the existing drill program covering only 30% of the area of the host magnetic anomaly, we see significant potential to grow and upgrade the resource base at Media Luna over the coming years.”
Policymakers are becoming increasingly aware that environmental, social and governance issues may stand in the way of development of new mine projects to feed the growing “green revolution,” Jeremy Weir, executive chairman and CEO of global commodities trader Trafigura, said June 15.
The net proceeds from the sale of the Common Shares will be used by the Company for exploration and general corporate and working capital purposes.
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