The Transaction has the unanimous support of both companies’ Boards of Directors and Officers and will create a leading Mexico focused explorer with an advanced portfolio of silver and gold projects. The combined company will continue under the name of Defiance Silver Corp.
The Company intends to use the proceeds of the Private Placement to explore the Zacualpan land package for additional high potential precious metals as well as gold-copper targets, to improve efficiencies at the Guadalupe production mill, and for general working capital purposes.
Auxico Resources Canada Inc. is pleased to announce that it has completed a non-brokered private placement of 1,575,000 units, issued at a price of $0.20 per Unit, for gross proceeds of $315,000.
PRIZE MINING CORPORATION is pleased to announce the appointment of Ms. Yuying Liang as Chief Financial Officer of the Company effective today.
New Gold Inc. announces the appointment of Robert J. Chausse as Executive Vice President and Chief Financial Officer, effective immediately. Rob brings with him more than 25 years of international finance experience, exclusively in the mining sector, which will enhance the collective expertise of the leadership team as we reposition New Gold as a leading, Canadian-focused intermediate producer. The Company also announces the departure of Paula Myson, Executive Vice President and Chief Financial Officer.
Despite the operational and weather-related challenges, and the low metal prices experienced in the third quarter, the Company continued to increase mill throughput at San Rafael through the quarter, said Darren Blasutti, President & CEO of Americas Silver. As a result, the San Rafael mill is now consistently achieving over 1,700 tonnes per day. With capital development to reach the Main Zone nearing completion at San Rafael and Galena running smoothly since mid-July, we expect the fourth quarter to achieve the highest silver and silver equivalent production quarter of 2018.
Oroco Resource Corp. is pleased to announce that it has closed the non-brokered private placement financing previously announced by news releases dated October 9, 2018 and October 25, 2018. The Company has raised gross proceeds of $750,000 through the sale of a total of 3,750,000 units at a price of $0.20 per unit.
Advance Gold Corp. proposes to undertake a non-brokered private placement of units at a price of $0.08 per unit for gross proceeds of up to $300,000.
Canuc Resources Corporation is pleased to announce that it has received final approval from the TSX Venture Exchange for the previously announced acquisition of Full Circle Energy Ltd.
Golden Reign Resources Ltd. and Marlin Gold Mining Ltd. are pleased to announced that Marlin has been granted the final court order from the Supreme Court of British Columbia approving the plan of arrangement under the Business Corporations Act (British Columbia), pursuant to which and subject to the terms of the Arrangement Agreement date August 3, 2018, between Golden Reign and Marlin, Golden Reign will acquire all of the issued and outstanding common shares of Marlin on the basis set forth in the Arrangement Agreement which is available under each company’s SEDAR profile at www.sedar.com.
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