On May 12, 2020, mining was deemed an essential activity by the Mexican authorities, and the Company has obtained formal authorization to fully restart operations at Aranzazu on May 27, 2020. The Company expects it will be able to gradually and safely resume activities at Aranzazu over the next few weeks.
$600,000 is slated for further gold exploration at the promising project.
Consolidated Zinc Limited is pleased to announce the fully underwritten pro-rata non-renounceable entitlements offer to raise $1,725,933 on the basis of 1 new share for every 3 shares held at the record date, at an issue price of $0.003 per New Share has closed in accordance with the Offer timetable.
This Thursday marks a year since Alonso Ancira, president and main shareholder of Altos Hornos de México (AHMSA), was arrested in Spain after being accused by the Mexican government of participating in a series of crimes that caused property damage to Petróleos Mexicanos (Pemex).
The proceeds from the Private Placement will be used to advance exploration efforts at the Company’s properties, including a comprehensive geophysical survey and expanded drilling program at Warintza, and for general and working capital purposes.
Golden Tag Resources Ltd. is pleased to announce the restructuring of the Company, and a non-brokered private placement offering for gross proceeds of up to $1,125,000. Subsequent to closing of the Financing, the Company will have cash balances of approximately $2.1 million, and no debt.
Maverix Metals Inc. and Pan American Silver Corp. announce that they have entered into an agreement with a syndicate of underwriters led by Raymond James Ltd. and PI Financial Corp. pursuant to which Pan American will undertake an overnight marketed public offering of 9,000,000 common shares of Maverix currently held by Pan American.
A syndicate of agents led by Clarus Securities Inc., together with Agentis Capital Markets Canada Ltd. and Eight Capital sold 12,500,000 Units in connection with the Offering for aggregate gross proceeds of $5,000,000.
This second tranche consisted of 1,965,990 units of the Company at a price of $0.10 per unit for gross proceeds of $196,599.
Our Company is focused on advancing a portfolio of silver projects in historic mining districts in northern Mexico, including our flagship Cordero project in Chihuahua State, as well as the Puerto Rico, Minerva and Monclova projects in Coahuila State.
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