We are pleased to file our updated Form F-3 Shelf Registration Statement said David Wolfin, President and CEO. The Form F-3 will provide Avino with a strategic option to finance continued growth by engaging Cantor Fitzgerald & Co, with an At the Market Sales Agreement. This ATM will provide supplemental-financing, and will be used in conjunction with our overall Capital Management Strategy.
Canuc Resources Corporation announced today that it has refiled its unaudited interim financial statements for the period ended March 31, 2018 in order to change the comparative periods on the financial statements. This refiling has no impact on current or prior financial figures. This filing is being made at the request of the Ontario Securities Commission pursuant to a review by OSC staff.
Mr. Carlos Silva, Chief Operating Officer, stated “Development work in the Zacatecas Mining District at the Garcia, Armados and Navidad mines is on track and expected to reach targeted areas during Q3 2018 at which time an increase in tonnage, grades and mill recoveries is expected. As for the Rosario Project, development work at the Membrillo Prospect is now at Level 3 in the targeted mineralized area and preparation of production stopes is underway with the aim of being in full production by Q4 2018.”
Silver Bull Resources, Inc. is pleased to announce that it has completed the second and final tranche of its previously announced private placement. Under the second tranche of the Private Placement, Silver Bull issued 7,365,555 units of the Company at a price of USD$0.13 per Unit for aggregate gross proceeds of USD$957,522.
Alio Gold Inc, today reports changes aimed at aligning capability to focus on its operating mines and reduce overhead costs. Recently, the Company announced the temporary suspension of exploration and development work at its Ana Paula project and a commitment to focus its efforts and capital allocation on its two operating mines, San Francisco and Florida Canyon. The Company is aligning its capability to support these efforts. As a result, Paul Hosford, Vice President of Project Development, and the Project Manager, Terry Murphy, will be leaving the Company on August 31, 2018. The Company has also taken steps to reduce costs at the Ana Paula project site in Mexico while maintaining a level of local employment and community engagement.
“Listing on the NYSE American is an important milestone for SilverCrest at a time when our Company is having exploration success developing the Las Chispas Project in Sonora, Mexico. We are confident the listing will create even greater exposure among institutional and retail investors,” said N. Eric Fier, CEO of SilverCrest.
Pursuant to the closing of the Second Tranche and the previously completed First Tranche, the Corporation has issued an aggregate of 47,450,367 Units for a total of $7,117,555.
We are happy with the steady improvement in production over the past year reported Salvador Garcia, Chief Operating Officer of the company. The focus continues to be moving inferred resources to the proven and probable category and improving operational culture at our principal asset, the San Martin mine.
Ridgestone Mining Inc. is pleased to announce that it has established a 100% owned Mexican subsidiary, Cerro de Oro Minerales S.A. de C.V., to facilitate its mineral exploration and development activities in Mexico.
Telson Mining Corporation management is aware of the recent decline in its share price and knows of no operational reason for this decline. Management would like to reassure investors and shareholders that day to day operations at both the Campo Morado Mine and the Tahuehueto Project continue as normal.
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