Category: Investor’s Corner

Plata Latina Minerals Corporation advises that it has entered into a debt settlement agreement with Mr. Gilmour Clausen, the Chairman and major shareholder of the Company. Pursuant to the Agreement, the Company agreed to issue 6,976,845 common shares to Mr. Clausen, representing approximately 10.35% of the current issued and outstanding common shares of the Company, at a deemed price of $0.045 per share based on the 15-day volume weighted average price. Post to the debt conversion, Mr. Clausen’s holdings of the Company’s common shares will be approximately 27.10%. The debt relates to a promissory note of CAD $250,000 entered on May 5, 2015, bearing interest at 10% per annum.

Fred Davidson, President and CEO, stated, “Earlier in the year, IMPACT was named to the 2017 TSX Venture 50. We entered 2018 with a clean balance sheet and no debt. Currently working capital remains strong at $5.6 million. IMPACT continues to expand its in-mine exploration and development to provide additional tonnage throughput at the mill. We also have in place ongoing exploration plans for high potential targets and continue to evaluate strategic transactions to grow value for our shareholders.”

Karl Boltz, President and CEO of Silver Spruce stated, “Silver Spruce will continue in its efforts to source funding for these two very exciting projects and will keep all investors informed of its progress.”

Colibri Resource Corporation announces that it has been granted an extension from the TSX Venture Exchange to close its over-subscribed $1,200,000 non-brokered private placement. A first tranche raising gross proceeds of $1,077,098 has already closed. The second and final tranche is now required to be closed on or before March 21, 2018.

Leagold Mining Corporation reports Q4 2017 gold production of 53,446 ounces at its Los Filos mine at AISC of $910/oz, resulting in an AISC margin1 of $18.7 million. With full-year Los Filos gold production of 191,195 oz, Leagold has delivered the mid-point of the 2017 production guidance range of between 185,000 and 200,000 oz. Leagold had anticipated AISC of between $875/oz to $925/oz for H2 2017, and this guidance range was achieved for Q4 2017.

“I am pleased that Gold Resource Corporation delivered our seventh consecutive year of profitability,” stated Gold Resource Corporation CEO and President, Mr. Jason Reid.

The proceeds of the private placement will be added to working capital. The sole subscriber to the private placement is Salvador Garcia, a director of the Company and Starcore’s Chief Operating Officer.

Arturo Prestamo, President and CEO of Santacruz commented “The Loan proceeds will be used to reduce our current trade payables balance which together with the recent Carrizal services agreement will assist to improve our mining operations at both Veta Grande and Rosario. Management views this as another important step in the development of the Company.”

Vangold intends to use the proceeds of up to $2,000,000 of the Offering to fund the Phase 2 drill program targeting the lower El Pinguico vein extension, and for general working capital.

El estado es el tercer productor de oro, tiene el segundo lugar nacional en la producción de plata, plomo y zinc y es el quinto productor de cobre en el país.