The Company expects to use the net proceeds of the Offering to fund (i) continuous development, maintenance and expansion of the Company’s producing assets; (ii) exploration and development of projects that are not yet in commercial production; and (iii) reinforcement of the Company’s capital structure.
Teck will issue US$550 million principal amount of 10-year senior unsecured notes, which will bear interest at the rate of 3.900% per annum.
Orex intends to use the net proceeds of the Offering to maintain its 40% share of the Sandra Project in good standing and fund its 40% share of the upcoming work program, and for general corporate and working capital purposes.
Sable Resources Ltd. announces that the Company has appointed Kelso Cartwright as CFO.
Teck Resources Limited announced today that it has commenced cash tender offers for any and all of its outstanding 4.500% Notes due 2021, 4.75% Notes due 2022 and 3.750% Notes due 2023.
San Marco’s CEO, Bob Willis, states “We are excited to begin field work at the Buck property. We have a number of excellent drill targets generated through historic data compilation and are keen to get on site, evaluate their priority, and get the drill turning again.”
Shareholders voted in favour of all items of business, including the re-election of each director nominated, the ratification of the Company’s stock option plan and re-pricing of certain stock options. Smythe LLP were reappointed as auditors.
Scott Eldridge, Canarc’s CEO stated: “It is a pleasure to welcome Mr. Gill to our Canarc management team. We look forward to working with Troy to create value for shareholders through both our exploration and acquisition strategies. Canarc plans to carry out two drill programs on our projects in Nunavut and British Columbia over the next three months. We thank outgoing VP Exploration Dr. Jacob Margolis for his contributions and wish him all the best.”
Great Panther President and CEO Rob Henderson commented: “The 2020 exploration program at Tucano is a top priority.”
Aura Minerals Inc. announced today that the Company’s board of directors has approved a dividend policy for the Company
Mexico Mining Center © 2021 / All Rights Reserved
