“This latest MoU is from one of China’s state champions whose geological team has extensively analyzed all of Sonoro’s data and approved it as a project they would like to proceed with,” said the Company’s representative, Dr. Wei Qian. “It’s a very good endorsement and clear indication that business in China is resuming,” Dr. Qian added.
Mr. Daniel Earle, President & CEO, commented, “We are very proud to have the continued support of Lundin among our strategic shareholders. The Lundin brand is renowned for environmentally and socially responsible resource development in Ecuador, an approach wholly embraced by Solaris.
“This new silver stream gives First Majestic significant upside potential to higher silver prices while minimizing risks and costs,” said Keith Neumeyer, President and CEO of First Majestic Silver.
Pete Dougherty, President & CEO stated: “Magino is truly a valuable and strategic asset given existing project infrastructure, the already-known mineral endowment of the orebody and the existing exploration potential, its location within the mining-friendly jurisdiction of Ontario, Canada and its proximity to other strong cash flowing operations such as the Island Gold mine.”
Placement of 190.0 million Shares to raise $0.57 million on the same terms as the recently completed Entitlement Issue.
“We are pleased to be debt free again and can now direct our positive cash flow to improving production at the San Martin mine,” stated Robert Eadie, CEO and President.
The Board of Directors have appointed Ms. Ana Lopez as a Director of the Company effective June 9, 2020.
The Board believes that the proposed share consolidation is necessary to facilitate new equity investment in the Company to finance continuing business activities and assist in its overall marketing efforts.
Silver Viper’s President and CEO Steve Cope states, “We are extremely happy with this new achievement in the Company’s development as we look forward to expanding our reach into the U.S. Capital Markets. The OTCQB platform will enable Silver Viper to access a larger investor base and subsequently lead the Company to increased liquidity and shareholders.”
Pursuant to the terms of the indenture governing the Existing Notes, New Gold will issue a conditional notice of redemption to redeem the outstanding Existing Notes, which redemption will be conditional upon the successful completion of the offering of the Notes.
Mexico Mining Center © 2021 / All Rights Reserved
