The Company wishes to settle an aggregate of up to $650,000 of indebtedness by the issuance of up to 9,300,000 Shares and 9,300,000 Warrants at $0.07 per Unit.
Fresnillo plc regrets to announce the death of Mr Luis Robles, independent non-executive director of the Company, after a short illness. The Board extends its deepest condolences and sympathies to Mr Robles’ family and would like to take this opportunity to express its thanks for his significant contribution to the Company.
Great Panther President and CEO Rob Henderson commented: “We are pleased to have completed another productive drilling campaign at GMC, successfully outlining new resources and demonstrating the quality of the orebody.”
The Company intends to use the net proceeds of the Private Placement to advance development of its near term gold production and near surface exploration opportunities while advancing drill targets on the El Oro project, its flagship asset, and for general working capital purposes.
Fred Davidson, President & CEO of IMPACT, stated, “I would like to thank the focus and dedication of our team for their concerted effort in managing the operation through an unforeseen pandemic like COVID-19 and keeping the workforce safe first of all, and second of all delivering a solid quarter.”
The proceeds from the Placing augment the Company’s strong cash balance and will be used to extend and accelerate a range of exploration activities across the Company’s portfolio, with immediate programs to be expanded in both Mexico and Western Australia.
Equinox Gold Corp. reports that preparations to restart mining activities at its Los Filos Mine in Mexico have been suspended due to the resumption of the blockade by certain members of the nearby Carrizalillo community.
Fresnillo is pleased to confirm the appointment of Tomás Iturriaga as Chief Operating Officer of the Company with effects as of 19 November 2020.
“In 2018 our priority was to restart Aranzazu under a detailed and sustainable production plan. Since we restarted the project last year, we have been investing in geology and exploration in order to increase the life of mine as well, besides optimizing operational efficiencies.”
With the growth of the Company’s portfolio in recent months and the development on the ground on several of its projects, the team at Alien have been working hard and are pleased to also be able to provide a fresh and active new website to help all our followers to get an up to date summary of the portfolio and corporate affairs of the Company.
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