Category: Investor’s Corner

Net proceeds from the private placement will be used for a surface exploration program consisting of geophysics and sampling to identify targets for a follow up drill program on the Los Reyes Au-Cu project, Mexico, which has significant near-term exploration potential for a high-grade Cu-Au mineral resource

The proceeds of the offering will be used for continued drilling of the El Alamos claim, drilling at the Los Gemelos claim, and for general working capital.

PRIZE MINING CORPORATION announces the resignation of Michael McPhie as CEO, President and a Director of Prize. Gary Claytens has been appointed as CEO, President and Director on an interim basis.

Sierra Metals Inc. announces that the Toronto Stock Exchange has accepted a notice filed by the Company of its intention to amend its previously announced Normal Course Issuer Bid to increase the number of common shares of the Company which the Company may repurchase for cancellation under the NCIB from 1,500,000 Shares, or approximately 0.92% of the issued and outstanding Shares as of the date of commencement of the NCIB, to 2,500,000 Shares, representing approximately 1.54% of the Company’s issued and outstanding Shares as of September 17, 2019.

The TSX Venture Exchange has conditional accepted this Private Placement which Closing was to occur on September 12, 2019, but the Company has requested that the Closing be extended to October 11. Subscriptions received to date amount to about CA$1.8 million.

The consolidation is a condition of San Marco’s option agreement to acquire a 100% interest in the Buck Property, an intermediate sulphidation, epithermal gold-silver zinc property near the town of Houston in north-central British Columbia, which it announced on July 16, 2019.

Premier Gold Mines Limited is pleased to announce that Mr. Peter van Alphen is joining the Company as its Chief Operating Officer. Peter brings to Premier a successful track record of mine development and operations. In this role Peter will oversee the Company’s mining and development Projects including the Mercedes and South Arturo mines, and will lead development planning for Premier’s advanced-stage projects including Hardrock (Greenstone Gold) and Cove.

Defiance Silver Corp. reports that it intends to settle up to $150,000 of debt through the issuance of up to 535,715 common shares of the Company at a deemed price of $0.28 per Share to certain creditors of the Company, including certain of its directors and officers.

“We are honored to be receiving this Award for our commitment and leadership in corporate social responsibility in Mexico. As a company, sustainability and corporate social responsibility are core values which are incorporated into activities at all our operations,” said John A. McCluskey, President and CEO.

Starcore International Mines Ltd. has filed the results for the first quarter ended July 31, 2019 for the Company and its mining operations in Queretaro, Mexico.