Shareholders voted in favor of all matters brought before the meeting including the appointment of auditors, the election of management’s nominees as directors, and the renewal of the Company’s 2.25% Share Unit Plan and the unallocated entitlements thereunder.
Net proceeds from the private placement will be used to fund acquisition costs of an indirect 100% interest in a mineral property in Brazil known as Lima as well as initial exploration work in preparation for bulk sampling at Lima, and for general working capital.
Greg McKenzie, President and CEO commented, “We would like to welcome Mr. English to the Golden Tag team as a Director of the Company. His years of extensive capital market experience will be valuable as we look to unlock shareholder value.”
The Company intends to use the net proceeds of the Offering to advance the Panuco project, as well as for working capital and general corporate purposes.
GR Silver Mining President and CEO, Marcio Fonseca, commented: “With the closing of this oversubscribed bought deal financing, GR Silver Mining now has a solid cash position on its balance sheet, placing the Company in a strong position to continue drilling activities in the Plomosas and San Marcial Project.”
“Telson Management is very pleased to have successfully negotiated and executed both the Nyrstar Letter Agreement and the Trafigura Letter Agreement to bring the Company out of its respective loan default status and conditionally defer interest and principle payments to June 30, 2021.”
“Consistently strong environmental, social and governance performance is inextricably linked to delivering superior business results and is a key measure of how well our business is managed overall,” said Tom Palmer, President and Chief Executive Officer. “This recognition is yet another indicator of how deeply sustainability and strong, transparent governance is integrated into our culture.”
Tarachi Gold Corp. is pleased to announce that it has retained Digital 257 Technologies Inc. Digital 257 provides digital media and capital markets communications services and will assist the Company with online communications with the goal of increasing market awareness of the Company.
The proceeds of the Placement will be used to continue exploration on multiple properties within the Oaxaca, Mexico Au-Ag belt optioned from Minera Zalamera S.A. de C.V.
Torex Gold Resources Inc. announces the appointment of Fred Stanford as Executive Chair, Rick Howes as Lead Independent Director, and Jody Kuzenko as President & Chief Executive Officer of the Company following the Company’s 2020 annual and special meeting of shareholders held virtually today.
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