The Company will use the net proceeds from the Offering for working capital in relation to the start-up of the Lindero project and for general working capital purposes.
The following officers were re-appointed subsequent to the annual general meeting: Lawrence Page, Q.C. as President, Robert Macdonald as Vice President, Exploration, Graham Thatcher as Chief Financial Officer, and Arie Page as Corporate Secretary.
Harvest Gold Corporation announces that, subject to approval of the TSX Venture Exchange, it intends to consolidate the issued and outstanding common shares of the Company on a 10 pre-consolidation for 1 post-consolidation basis.
President & CEO Gregory A. Beischer commented: “The moves Millrock has made over the past three months has positioned the company well for what appears to be a coming bull market in precious metals. We have developed an enviable gold project portfolio that is attracting funding partnerships and should result in substantial drill programs in 2020. With drilling comes the potential to increase Millrock’s share price through mineral deposit discovery”.
Dan Smith, Chairman of Alien, commented: “The first half of the year saw significant work carried out at the Company’s Donovan 2 project where sample results indicated the project is prospective for copper and gold mineralisation.
Capstone Mining Corp. will be hosting a group of analysts for a site visit to the Company’s Pinto Valley mine in Arizona and Cozamin mine in Zacatecas.
Prospero Silver Corp announces that Fortuna Silver Mines Inc has terminated the property option agreement for the Pachuca SE project which was signed in January, 2019. Fortuna has not earned an interest in the Pachuca SE property.
Sable Resources Ltd. announces that as previously described in its press release dated August 28, 2019, it has entered into a definitive royalty purchase agreement with its wholly-owned Mexican subsidiaries and Osisko Gold Royalties Ltd. The initial closing under the Royalty Purchase Agreement has occurred and Sable has received proceeds in the amount of $5.0 million. Pursuant to the completed initial royalty transaction, as guaranteed by Sable, Exploraciones Sable, S de R.L. de C.V. has granted Osisko a 1% net smelter returns royalty on its properties. Under the terms of the Royalty Purchase Agreement, for no additional consideration, the NSR will extend to any additional properties acquired by Sable within a period of four years from the closing.
Consolidated Zinc Limited (ASX: CZL; “Consolidated Zinc” or “the Company”) is pleased to announce that the Company has completed the acquisition of a 100% interest
Proceeds of the private placement will be used for funding exploration of the Buck property, consisting primarily of drilling (approximately $500,000), general exploration for high quality gold/silver properties in B.C. (approximately $200,000) and working capital (approximately $350,000).
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