Category: Investor’s Corner

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.

Concurrently with the completion of the Arrangement Evrim changed its name to “Orogen Royalties Inc.” Orogen will begin trading on the TSX Venture Exchange under the symbol “OGN” on August 20, 2020.

Greg Crowe, President and CEO commented: “This updated resource on the two historic leach pads is based upon results from a sonic drill program and metallurgical studies completed by Silver One as well as historic drill hole information from previous operators.”

The proceeds from the sale of the Shares will be used for the exploration, development and/or improvement of the Company’s existing mine properties, including those relating to bringing Relief Canyon into commercial production and for working capital and general corporate purposes.