“Creating royalties organically through joint ventures and alliances represents the most elegant form of royalty creation”, commented Orogen CEO, Paddy Nicol.
CEO James Anderson stated: “We are thrilled to have reached this Agreement with the Dorado family, the original venders of the El Pinguico project. Upon closing, this Agreement will eliminate the burden of a substantial portion of both near term and long-term royalty obligations for the Company, and more closely align the interests of our Mexican partners with the interests of all VanGold shareholders.”
Frederick Davidson, CEO and President of the Company comments, “After several lean years for the silver sector, we are seeing the long awaited surge in silver prices and correction to the gold silver ratio. We are pleased to finally be able to close a round of financing sufficient to realize the potential of the Guadalupe land package and to consider near-term expansion to our production profile.”
Silver Spruce Resources Inc. announced today that it has increased and closed its private placement announced August 7, 2020. The private placement consisted of the issuance of 36,390,000 units at a price of $0.05 per unit for proceeds of $1,819,500 with a lead order from Palisades Goldcorp Ltd.
The net proceeds from the Private Placement will be used to undertake Metates metallurgical test work and ongoing regional exploration and for general working capital.
Candente Gold Corp. is pleased to advise that Sun River Gold has made the final payment of US$111,000, to increase their ownership in the Mexico Mine Tailings at El Oro Mexico, such that the company’s NPI will be reduced from 10% to 5% after the first US$1,500,000 is received by the Company.
CARLYLE COMMODITIES CORP. is pleased to announce that it is conducting a non-brokered private placement consisting of the issuance of up to 1,750,000 flow-through units at a price of $0.30 per Flow-Through-Unit for gross aggregate proceeds of up to $525,000.
The proceeds of this Offering will be used exclusively for generative exploration activities on McEwen’s properties in the Timmins region.
The Company intends to use the net proceeds of the Offering to advance construction of its 100%-owned Santana gold development project located in Sonora, Mexico; further exploration activities at its other 100%-owned development projects located in Mexico, and; general corporate purposes.
The Company intends to use the net proceeds from the Offering for exploration and general working capital purposes.
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