Goldcorp expects that following a positive shareholder vote on the scheduled dates, Newmont could complete the acquisition of Goldcorp as of April 18, 2019.
The securities of Consolidated Zinc Limited will be placed in trading halt at the request of CZL, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Tuesday, 26 March 2019 or when the announcement is released to the market.
Fred Davidson, President & CEO of IMPACT stated, “We look forward to commencing a solid relationship with Samsung, one of the most recognizable brands in the electronics and consumer products world, and providing ethically sourced silver-lead-zinc concentrate which will go into the hands of millions of customers and end-products around the globe.”
We made good operational improvements at Platosa during 2018, though lower metal prices and higher electricity prices during the second half of the year were a significant headwind on the business, stated Brendan Cahill, President and CEO. During 2019, we intend to continue increasing productivity and focusing on cost reduction by accessing lower electricity rates through the private market and improving our milling operation. During Q4, electricity accounted for 38% of our operating cost lowering this input is an important opportunity. In this metal price and cost environment, we simply must do better.
The Company will use the proceeds of the financing to fund a focused drill program at the Cecilia Gold Project, additional project acquisitions and further target refinement on existing projects to advance towards new partnerships.
Solaris intends to use the net proceeds of the Private Placement to advance exploration permitting at its mineral claims and for general and working capital purposes.
Paul Benson, President and CEO commented, “Completing this Offering provides certainty to our capital structure, while lowering the interest rate of our debt. With our existing 2013 convertible notes having an effective maturity on February 1, 2020, the Offering enables us to immediately repurchase approximately $150 million of the 2013 convertible notes and provides the capital to redeem the outstanding balance early next year. The refinancing also maintains our conservative leverage ratio and provides a stronger capital base as we continue investing in our assets and evaluating further opportunities that will benefit our shareholders. We believe cash remains a strategic asset and provides a competitive advantage in market conditions that remain challenging for equity capital.”
Since first arriving at Ixtaca in 2001, Almaden, through a Mexican subsidiary, has worked diligently and transparently to interact in a culturally and socially appropriate manner with all people in the local area, regardless of their gender, cultural heritage, beliefs, sexual orientation, or level of education. Our outreach and communications have been open to all and conducted in a manner respectful of all people, and witnessed and confirmed by numerous legitimate external governmental and non-governmental organizations, entities, investors, and individuals during site visits.
The net proceeds from the Offering will primarily be used by the Company for continued exploration on its Cerro Caliche project in Sonora, Mexico, as well as for general working capital purposes. All securities issued in connection with the Offering will be subject to a hold period expiring four months and one day following the closing of the Offering. The Offering is subject to final acceptance by the TSX Venture Exchange.
Camrova Resources Inc. is pleased to announce that it has entered into a letter of intent with Asesoria y Inversiones MAYG SpA,, a private company incorporated in Chile, to acquire through a Chilean subsidiary to be incorporated all of the issued and outstanding shares of MAYG The Letter of Intent provides for a purchase price payable to the shareholders of MAYG of CDN $2,000,000 to be satisfied by the issuance of approximately 7,692,308 post-consolidated common shares of Camrova. In connection with the Proposed Acquisition, Camrova will seek shareholder approval to approve the consolidation of its common shares on a 4:1 basis. Following completion of the Proposed Acquisition, it is anticipated that the current shareholders of Camrova will hold approximately 11% of the common shares.
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