Category: Investor’s Corner

Bill Murray, the Chairman of Prospero commented: “With the closing of our private placement and the Fortuna warrant exercise, we will have received close to $1.9m in cash to continue first-pass drilling of three of our projects and other value added work to our existing project portfolio, and on-going marketing of the Company. We’ve got a busy drill schedule planned with Fortuna for 2018 and I’m looking forward to reporting on our drill results from Buenavista later this summer.”

Radius Gold Inc. (TSX-V: RDU) announces that it has granted to its directors, employees and consultants incentive stock options to purchase up to an aggregate of 1,515,000 common shares of the Company exercisable for ten years at a price of $0.15 per share. The Company will also cancel a total of 1,005,000 outstanding stock options.

Alio Gold Inc (TSX:ALO) (NYSE AMERICAN:ALO) reports the voting results from its annual general and special meeting of shareholders held today in Vancouver, British Columbia. Shareholders voted overwhelmingly in favour of the plan of arrangement pursuant to which Alio Gold will acquire all of the outstanding shares of Rye Patch Gold Corp.

Almadex Minerals Limited is pleased to announce that it has closed the previously announced statutory plan of arrangement under Section 288 of the Business Corporations Act (British Columbia) to spin-out Old Almadex’s early stage exploration projects, royalty interests, and certain other assets into Almadex Minerals Ltd. (formerly 1154229 B.C. Ltd.) effective at 12:01 a.m. on May 18, 2018. At the Effective Time, Old Almadex changed its name from Almadex Minerals Limited to Azucar Minerals Ltd. (TSX-V:AMZ) (OTCQX:AXDDF), and New Almadex changed its name from 1154229 B.C. Ltd. to Almadex Minerals Ltd.

SilverCrest Metals Inc. is pleased to announce the completion of its prospectus offering announced on April 26, 2018 whereby the Company issued a total of 8,214,450 common shares at a price of $2.10 per common share for gross proceeds of $17,250,345, including exercise of the over?allotment option in full. The Offering was led by PI Financial Corp. and Cormark Securities Inc., and included Beacon Securities Limited, Eight Capital, National Bank Financial Inc., BMO Capital Markets, Desjardins Securities Inc. and Canaccord Genuity Corp. as underwriters. The Company paid the underwriters a cash commission of up to 6% of the gross proceeds of the Offering.

Canuc Resources Corporation (TSX-V: CDA) is pleased to advise that it has signed a letter of intent to acquire Full Circle Energy Ltd., an Ontario Corporation. Full Circle’s principal corporate assets consist of 6 sections of undeveloped oil prospective acreage in southwest Saskatchewan, and a Farmin agreement that references a further 6.3 contiguous sections of adjacent land.

Argonaut Gold Inc. (TSX: AR) reports that the Judiciary court hearing with respect to the Company’s explosives permit for its La Colorada mine has been rescheduled to June 4, 2018.

Mexus Gold US (OTCQB: MXSG) announced today that it has wired $183,333 due JMJ Financial closing the current outstanding debt agreement prior to the expiration date.

“The operational management team has sunk its teeth into productivity and efficiency. The results display a significant improvement in production, recovery, and grades,” said Robert Eadie, President of the Company. “Our focus remains on improving productivity through development and exploration at the San Martin mine, as well as creating relationships with new concentrate providers at Altiplano so that we can build sustainable value for our shareholders and our future endeavors.”

“We continued to deliver steady financial and operating results for the first quarter of 2018, and while our silver and copper production was slightly lower, gold production and silver equivalent production increased by 12% and 9% respectively. We are very close to the completion of Mill Circuit 4, which is a significant investment in Avino’s growth, and we look forward to the increase in our production profile” said David Wolfin, President and CEO. “We are also focused on completing the paste backfill engineering and looking towards construction of the paste backfill plant”.