Category: Investor’s Corner

Further to its news release of June 12, 2018, Starcore International Mines Ltd. (TSX:SAM) is pleased to announce it has completed a private placement of secured bonds in the aggregate principal amount of CDN$3 million. The Bonds bear interest at 8% per annum, payable on maturity, and mature on June 18, 2020. The Bonds are secured by a charge over all of the Company’s and its subsidiaries assets.

Avino Silver & Gold Mines Ltd. (ASM: TSX/NYSE American/GV6: FSE) is pleased to announce that Peter Bojtos has joined the Company’s Board of Directors as an independent Director effective June 15, 2018; and in addition, we are also delighted to provide a corporate update to announce recent promotions.

Silver One has also been advancing its Peñasco Quemado project in the state of Sonora, Mexico. The Company was the first to complete property wide geological mapping, soil geochemistry and geophysical surveys that yielded very promising results. Large zinc and lead soil anomalies (values to over 2,000 ppm) occur in two separate areas of the property. The results extended the known mineralized strike by over 2.6 kilometres from the historic resource area where near-surface silver mineralization of just under 10 million ounces of silver has been identified. Additionally, an anomalous area of zinc and lead in soils occurs over an area of 3 kilometres by 5 kilometres in the south-western portion of the property. Silver One plans to drill the Peñasco Quemado targets to test for the potential for a large zinc-lead-silver mineralized system at depth.

At the annual meeting, the shareholders elected the nine individuals nominated to be directors and ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2018.

Net proceeds of the Offering, if any, together with the Company’s current cash resources and free cash flow, will be used to advance its Terronera project and for general corporate purposes.

Sr. Jose Antonio Berlanga, Telson’s CEO stated: “We would like to thank Nyrstar for their good faith negotiations, continued support and cooperation in reaching a mutually agreeable extension and loan agreement. By renegotiating and extending the final payment terms for the Campo Morado acquisition we are extremely pleased to once again protect our shareholders by avoiding the immediate need to raise equity funding in what we consider an undervalued market. With the recent declaration of Commercial Production at Campo Morado we are very confident our free cash flows will easily support the loan repayment terms.”

“Lithium Australia will expedite commercialisation of the SiLeach® process, capitalising on the advantages gained by solving this processing challenge. Being able to produce lithium chemicals without the necessity of evaporating large quantities of water clearly puts us ahead of our peers.”

Starcore International Mines Ltd. (TSX:SAM) has arranged a private placement of secured bonds in the aggregate principal amount of CDN$3 million. The Bonds will bear interest at 8% per annum, payable on maturity, and will mature 24 months from the date of closing. There are also provisions for early repayment. The Bonds are secured by a charge on all of the Company’s assets.

The Company has also received final acceptance from the TSX Venture Exchange for the option agreement with YQ Gold de Mexico, S. de R.L. de C.V., pursuant to which Ridgestone has been granted an option to acquire a 100% interest in what is known as the gold-copper Rebeico Property located in Sonora, Mexico. The Company has issued an aggregate of 845,347 common shares and paid a cash sum of US$50,000 to satisfy the initial payment obligation under the Option Agreement.

All of the director nominees were duly elected by shareholders present or represented by proxy.