Solaris Resources Inc. is pleased to announce the appointments of Mr. Richard Warke and Mr. Donald Taylor, respectively, as Executive Chairman and non-executive director of the Company, effective immediately following the resignations of Mr. Scott Heffernan and Mr. Marcel DeGroot as directors. In addition, Solaris joins the Augusta Group of Companies.
Silver Spruce Resources Inc. is pleased to announce the closing of the first tranche of its non-brokered financing, on December 31, 2019. The Company has issued 4,750,000 units at $0.05 per unit for gross proceeds of $237,500.
“We successfully completed two historic transactions in 2019, which have transformed Newmont into a truly international organization with an unmatched portfolio of assets and prospects in top-tier jurisdictions around the world,” said Tom Palmer, President and Chief Executive Officer. “As this company has done many times in the past, Newmont has demonstrated its ability to adapt to change, which is truly a hallmark of our success over the last 100 years. Updating our brand represents a natural step as we approach the next 100 years in Newmont’s long and proud legacy of operating discipline, profitable growth, environmental stewardship, and developing the industry’s best talent.”
GREAT PANTHER MINING LIMITED announces that it has entered into a US$11.25 million gold doré prepayment agreement with Samsung C&T U.K. Ltd., a wholly owned subsidiary of Samsung C&T Corporation, headquartered in Seoul, South Korea and a part of the Samsung Group.
The net proceeds of the private placement will be used for continued exploration and development of the Company’s Las Chispas Project and for general working capital and administrative purposes.
SSR Mining Inc. is pleased to announce that it has elected to exercise its equity participation right pursuant to its agreement with SilverCrest Metals Inc. dated November 28, 2018 to purchase on a private placement basis 1,819,074 common shares of SilverCrest at the same price per share as the bought deal public offering announced by SilverCrest on December 3, 2019. The additional shares will be acquired at a price of C$7.28 per common share for total consideration of C$13.2 million.
Goldgroup Mining Inc. provides a response to DynaResource, Inc.’s news release from December 20, 2019. The Company is currently awaiting the written judgment of the 11th Federal Circuit Collegiate Court in México to be published to assess its contents and reasons for judgment. The Company will continue to pursue all legal avenues in Mexico to achieve a favorable resolution to the DynaUSA dispute.
The total raised in the financing issuing 8,000,000 units at a price of $0.05 per Unit for aggregate gross proceeds of $400,000.00.
William Murray, Chairman and CEO of Prospero, commented: “The Company has diligently pursued its mission as a project generator/explorer since its formation in 2010. However, exploration results to date, and the lack of available funding for exploration projects since 2011, have made it difficult to materially advance our projects and create sustainable shareholder value. In addition, the ever increasing cost to maintain our projects, and the growing regulations that have been imposed by the new Mexican administration on exploration companies, has made it necessary that we expeditiously consider any and all alternatives…”
Further to the Company’s news release of September 24, 2019, the Company provides the following update on its proposed acquisition of all the issued and outstanding share capital of Reyna Silver Corp.
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