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.
Aztec Minerals Corp. announces that it has engaged Commodity-TV and Rohstoff-TV for an initial three month period to assist with Aztec’s investor relations activities.
Golden Minerals Company is pleased to announce the filing on SEDAR of a Preliminary Economic Assessment and accompanying Technical Report for its Rodeo open pit gold project. Rodeo is located in Durango State, Mexico approximately 80 kilometers west of the Company’s Velardeña Properties.
In Mexico, the Sonora government continues to maintain measures to prevent the spread of Covid-19 which includes, amongst other measures, the closing of schools and all non-essential business operations as well as cancelling events of more than 10 people. Accordingly, Bacanora’s Hermosillo pilot plant was placed in care and maintenance in late March 2020 after shipping samples to its engineering partners in the USA and China in order to maintain the Front End Engineering Design schedule. The pilot plant will remain closed until conditions are considered safe and the Government lifts its restrictions. It is currently anticipated that the pilot plant will re-open in June 2020.
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