Orex intends to use the net proceeds of the Offering to maintain its 40% share of the Sandra-Escobar Project in good standing and fund its 40% share of the upcoming work program, and for general corporate and working capital purposes.
Orex Minerals Inc. is pleased to announce that it has engaged Red Cloud Financial Services Inc. to provide various investor relations services to the Company.
Silver One’s President and CEO, Greg Crowe commented “The results received continue demonstrating the persistence of higher-grade silver mineralization at depth. We are encouraged by the high silver grades encountered between the Mount Diablo and Northern Belle, as they indicate that clusters of higher-grade silver mineralization occur within an area covering a potential strike length of over 1,500 meters.”
Bahman Yamini, President and CEO of Canasil, commented; “On behalf of the Board, I would like to welcome David Terry as an advisor. We look forward to his collaboration and input; he has extensive experience in Mexico and in Canada, and is well positioned to contribute effectively to advancing our projects.”
The Company intends to use the proceeds from the Private Placement for exploration of the Company’s portfolio of resource properties in Mexico and for general working capital. Exploration work will consist of additional geochemical, geological survey work, environmental studies and drilling permit applications in order to commence diamond drilling this summer.
Nomad Royalty Company Ltd. formerly Guerrero Ventures Inc., is pleased to announce that it has formally changed its corporate name to Nomad Royalty Company Ltd. The change of the Company’s name is part of the previously-announced reverse take-over and two related vend-in transactions.
Fred Davidson, President & CEO of IMPACT, stated, “In Q1 2020 we saw first hand the leverage that silver prices have had in reacting to broad market malaise and quantitative easing globally. Staying with the disciplined operational control we set in place to survive the difficult low silver prices stretch for the last 6 years, we are now seeing dividends from our efforts. I would like to thank our stakeholders, investors, and staff for your continued trust and dedication in building IMPACT Silver as one of the purest silver producers.”
First Mexican Gold Corp. is pleased to announce that it intends to complete a non-brokered private placement financing for aggregate gross proceeds of up to $2,000,000.
The proceeds raised from the Offering will be used by the Company for exploration and development of the Company’s Los Reyes mineral property and for general corporate purposes.
Aztec Minerals Corp. announces it has arranged an aggregate of CAD$60,000 in loans from two insiders and a strategic investor. Each loan bears interest at a rate of 12% per annum, payable on maturity, and has a term of 6 months, provided that the Company may prepay without penalty.
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