The Company will use the net proceeds of the Private Placement to fund a focused drill program at the Peñoles Gold-Silver Project, additional project acquisitions and general corporate purposes.
“We are excited to welcome Sylvain to the Orla team. The addition of this capable individual reinforces our commitment to focus on exploration within our 178,000 hectares of concessions. These concessions are situated along the prolific San Tiburcio fault system in Zacatecas, Mexico, and within a geologically prospective area for copper and gold in southwestern Panama. We expect to continue to make more discoveries, expand our resource base, and advance our project pipeline to create value”, stated Jason Simpson, President and Chief Executive Officer of Orla.
Jacques Vaillancourt, Executive Chairman of Redstar Gold Corp. stated: “We are pleased to close this strongly supported equity financing that was oversubscribed from the start. With approximately C$10,000,000 in cash and investments, we now have the funds needed to commence drilling at our Unga project in Alaska and to begin exploring the Heliodor properties in Mexico. We are especially pleased to welcome Charles Funk to the role of CEO and look forward to providing regular updates on our exploration programs throughout the rest of 2020.”
Zanzibar Gold Inc. is pleased to announce the appointment of Mr. Sergio A. Trelles Monge as a special advisor to board of the Company.
Cabe resaltar que las unidades repartidas por la empresa minera cuentan con todas las especificaciones indicadas por autoridades nacionales e internacionales necesarias para garantizar su eficiencia como son cinco capas de protección con una durabilidad de 50 lavadas.
President and CEO Carlos Espinosa stated, “We are pleased to welcome a number of experienced mining investors to Monarca through this placement including a lead order from Palisades Goldcorp Ltd. alongside other new institutional investors. The additional funding will enable Monarca to conduct a 10,000m drill program at our San Jose project in Chihuahua State, Mexico where we’ve identified several high priority geophysical targets.”
“Through the comprehensive application of Newmont’s sustainability practices at Peñasquito, we achieved a significant milestone with the formal ratification of the agreement that was reached earlier this year with the Cedros community,” said Tom Palmer, President and Chief Executive Officer.
“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.”
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