Vizsla Resources Corp.’s shares were up by almost 80% Wednesday October 9 following a resumption of trading that came after the company said it had received conditional approval from the TSX Venture Exchange to acquire Canam Alpine Ventures Ltd., a company that holds underlying options on the Copala-Panuco silver district in Sinaloa, Mexico.
Colibri Resource Corporation wishes to announce that, subject to regulatory approval, it has completed a private placement in the amount of 3,260,000 units for gross proceeds of $163,000 and incurred cash commissions of $4,200.
The proceeds of the private placement will be used to incur “Canadian Exploration Expenses” on the exploration on the Buck property which qualify as “Flow-Through Mining Expenditures” under the Income Tax Act. Such expenditures will be renounced to subscribers effective December 31, 2019.
Gregory Beischer, Millrock President & CEO commented “We have developed a compelling drill target at West Pogo. Numerous lines of evidence are pointing to the area along Aurora Creek, which is directly along strike to the southwest from a new, high grade discovery reported by our neighbours next door. We plan to construct a drill trail from the Pogo Gold Mine road to Aurora Creek and drill a well to provide a nearby, winter water source. This will give the flexibility to begin drilling in the winter months of 2020.”
Aura Minerals Inc. is pleased to announce the appointment of Richmond Fenn to the Company’s Board of Directors effective October 7, 2019.
“This marks the third consecutive quarter where we’ve set a production record, with a substantial increase this quarter of 130,000 ounces from the past quarter, in what has typically been our weakest quarter of the year due to the rainy season,” said Brad Langille, President and CEO.
Bradford Cooke, Endeavour CEO, commented, “Our production in the Third Quarter 2019 was down year-on-year but we are seeing positive traction from all the operational changes made in the past two quarters. We expect lower operating costs in Q3 and further improvements of Guanacevi and Bolanitos tonnes and grades in Q4, 2019 which should have a positive impact on costs and production.”
Michael Konnert, President and CEO, stated, “I am very happy to announce that Vizsla will resume trading this Wednesday. Upon closing of the transaction, we are very excited to investigate the high-grade potential of the prolific Copala-Panuco silver district.”
Advance Gold Corp. announces that,subject to the approval of the TSX Venture Exchange, it proposes to undertake a non-brokered private placement of units at a price of 8 cents per Unit. Each Unit shall be comprised of one common share in the capital of the Company and one common share purchase warrant with each warrant being exercisable to purchase one common share at a price of ten cents per share at any time within 24 months of the date of issuance.
Fortuna Silver Mines Inc. is pleased to announce the full exercise and closing of the over-allotment option granted to CIBC Capital Markets, Scotiabank and BMO Capital Markets. The Company issued and sold to the Underwriters an additional US$6 million aggregate principal amount of 4.65% senior subordinated unsecured convertible debentures pursuant to the exercise of the Over-Allotment Option, in connection with the Company’s bought deal offering that closed on October 2, 2019, for an aggregate principal amount of US$40 million 4.65% senior subordinated unsecured convertible debentures.
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