Orla previously announced the results for the Updated Feasibility Study, which highlighted an estimated Project after-tax net present value (5% discount rate) of $452 million with an after-tax internal rate of return of 62% at a gold price of $1,600 per ounce.
“I deeply regret being in a position where we had to finance at this price, a price well below what I believe to be our real value.”
Silver Spruce Resources Inc. announced today the closing of the final tranche of its private placement consisting of 5,420,000 flow-through units at a price of $0.06 per unit for gross proceeds of $325,200.
The net proceeds from the offering shall be primarily used to fund continued exploration of the Corporation’s El Tigre silver project located in Sonora, Mexico.
“2021 represents a year of investment for Equinox Gold as we direct our strong operating cash flow to our existing portfolio of mines and growth projects,” said Christian Milau, CEO of Equinox Gold.
Michael Konnert, President and CEO, stated, “In conjunction with our proposed spin out of copper assets into Vizsla Copper Corp., the name change to Vizsla Silver Corp. better reflects the nature of Vizsla’s focus, its flagship asset, the Copala-Panuco district in Mexico.”
Mr. Little is an engineer, geologist and entrepreneur who has developed mining projects in Canada, South America and Africa. He was the founder and CEO of Orezone Resources and Orezone Gold Corporation for over 20 years and built one of the most successful exploration and mine development track records in Burkina Faso.
Fortuna Silver Mines Inc. announces that Simon Ridgway has stepped down as director and Chair of the Board of the Company. With the renewed strength in the mining and metals sector, he will be focusing his efforts on the exploration companies under his management, which is his passion.
Comet Managing Director, Matthew O’Kane, commented “With the planned increase in scope of works at the Barraba project to now also include the historic Murchison Mine in addition to the Gulf Creek mine area, we took the opportunity to execute the placement to bring on board some new strategic investors who we feel will provide ongoing benefit via their association with the business moving forward.”
Valterra Resource Corporation reports that the Company has applied to the TSX Venture Exchange for approval to amend the terms and reprice the outstanding transferrable share purchase warrants, which Warrants were issued on March 28, 2018 and April 23, 2018 in connection with a private placement.
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