Premier Gold Mines Limited is pleased to announce the closing of the previously announced US$50 million secured revolving term credit facility with Investec Bank plc as administrative agent for the lenders thereunder and the previously announced financing arrangements with OMF Fund II SO Ltd. and Orion Mine Finance Fund II LP for aggregate gross proceeds of approximately US$18.3 million.
Trading on AIM for the under-mentioned securities has been temporarily suspended from 01/02/2019 7:30am, pursuant to AIM Rule 1.
Palamina Corp. is pleased to announce that it will conduct a non-brokered private placement offering of up to 6,250,000 units at a purchase price of $0.32 per Unit, for aggregate gross proceeds of up to $2,000,000.
Candente Gold Corp. is pleased to announce that its Mexican subsidiary, Minera CCM El Oro Jales S.A. de CV has renewed the option, originally signed in 2013 and both re-newed and revised in 2017. This agreement allows the Re-Processing of the tailings deposit derived from the Mexico Mine, part of the San Rafael Vein in the El Oro District. The New Tailings Agreement signed in 2017, is to be ratified every three years, when the Municipality elects a new President and Council Members. There was no change to any previous terms in the Ratified Agreement.
The net proceeds of the financing will be used to pay for the drill program at the Pino de Plata project and general working capital.
As previously disclosed, fourth quarter 2018 gold production of 630,000 ounces exceeded guidance. All-in sustaining costs for the full year are expected to be in line with guidance of $850 per ounce.
The proceeds of the Offering will be used to pay for the costs associated with proceeding to completion of the proposed asset acquisition transaction with Armex Mining Corp. including due diligence costs, audit fees, legal fees and costs of preparing the necessary documentation for the Armex Transaction and for general corporate purposes. The Offering is intended to be completed independently from the Armex Transaction and the funds raised in connection with the Offering will be made available for Camrova’s use immediately upon closing.
Prospero Silver Corp is pleased to announce that the the option agreement announced on December 10, 2018 between Prospero and Fortuna Silver Mines Inc. has been signed by both parties. The Option Agreement is subject to the acceptance of the TSX Venture Exchange.
“In the second quarter Metalla has continued to execute on its strategy of acquiring royalties on properties with world-class operators,” commented Brett Heath , President, and CEO of Metalla. “We are pleased to have completed the acquisition of a 2% NSR royalty on Agnico Eagle’s Santa Gertrudis Mine along with a 1.5% NSR royalty on Pan American Silver’s COSE Mine, which complements our portfolio of high-quality assets with strong counterparties.”
Eurocontrol Technics Group Inc. and Sable Resources Ltd. are pleased to announce that they have entered into an asset purchase agreement dated January 24, 2019, pursuant to which Eurocontrol has agreed to acquire Sable’s mineral resource properties located in the Province of British Columbia and certain related assets all as further set forth therein.
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