Net proceeds from the private placement will be used to acquire a private Brazilian company that has a purchase agreement to acquire a 100% interest in the 172 ha freehold Lima Property for a purchase price of Cdn$500,000, as well as initial exploration work in preparation for bulk sampling at Lima, and for general working capital.
For compliance reasons, and as a result of his employer’s perceived conflicts, Mr. Kevin Olson was unable to accept his appointment as director of the corporation. As a result, the remaining board members have appointed Mr. Christopher Cheng, P.Eng to fill the vacancy.
“Teck’s already strong liquidity will be further augmented with these transactions,” said Don Lindsay, President and CEO. “Together with our US$4 billion revolving credit facility that matures in Q4 2024 and our US$2.5 billion project financing facility for QB2, this new US$1 billion facility and the extension of near term debt maturities will give Teck significant liquidity as we complete QB2 and the Neptune expansion project.”
Bob Willis, CEO & Director, stated, “San Marco very much appreciates the strong support from the institutional investor community. We are looking forward to continue a very expanded drill program at the Buck Property as soon as possible.”
MAG Silver intends to use the net proceeds of the Offering, if any, primarily to fund the completion of construction of the Juanicipio Project, with any remainder to fund further exploration of Juanicipio and other projects, and for working capital and general corporate purposes.
During this MCTO all management, officers and directors of the Company will be prohibited from trading in the Company’s shares pursuant to the Company’s black-out procedures.
“We are pleased to reach the milestone of advancing from trading on the OTCQB to the OTCQX. This will make it easier for our U.S. investors to participate in Silver One, by reducing the requirement of having a Canadian trading account,” said Greg Crowe, the CEO of Silver One.
The Company intends to use the net proceeds of the Offering to conduct a drilling program on the Company’s Kwai property in the Red Lake mining district and for general working capital.
Goldgroup Mining Inc. is pleased to announce that it has closed a definitive agreement in respect of the previously announced secured loan facility in the amount of USD$3,000,000 among the Company as guarantor, the Company’s subsidiary, Minas de Oroco Resources, S.A. de C.V. as borrower, and Accendo Banco S.A., Multiple Banking Institution, as lender.
Ranjeet Sundher, CEO, remarks, “Brigadier is embarking on an aggressive growth trajectory, targeting overlooked gold and silver assets in stable jurisdictions with demonstrable potential for rapid advancement. Mr. Mendoza brings a wealth of experience in the sector, particularly in Mexico. I’m very pleased to welcome him as a Special Advisor and believe his experience and skill set will be instrumental as we move forward.”
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