Category: Investor’s Corner

Bacanora Lithium PLC, which is to become the holding company of Bacanora Minerals Ltd, announced Tuesday its intention to list on the London Stock Exchange’s AIM market in March.

Sean Roosen, Chair of the Board and Chief Executive Officer, commenting on the 2017 performance: “2017 has been a transformational year for Osisko with the acquisition of the Orion portfolio, which was a significant step forward for our company in terms of building a dominant, Canada-focused, precious metals royalty and streaming platform. At the same time, we have continued to mature our accelerator business and to create value for our shareholders by helping to create great Canadian gold projects. Today, not only does Osisko have the greatest growth profile amongst its peers, it has uniquely positioned itself with a quality pipeline of growth projects that will derive benefits for Osisko’s shareholders for years to come.”

WOLVERINE MINERALS CORP. announces that, further to its News Release of February 8, 2018, the TSX Venture Exchange has approved the change of name of the Company to Aloro Mining Corp. The Name Change will become effective at the opening of the market on February 21, 2018 under the new symbol “AORO”.

“Our new management team at Altiplano and San Martin has led to positive changes,” said Robert Eadie, President of the Company. “At our San Martin mine, we are implementing planning and development that will aid future production and the life of the mine. At Altiplano, we are focused on securing profitable contracts that are congruent with the business model of our company. We are enthusiastic that these changes will be reflected in our near future results.”

Bacanora UK intends to move its headquarters and senior management to the UK, so that it can be closer to where the majority of its shareholders reside and where its potential debt providers are located.

Evrim Resources Corp. announces that as the Company’s closing share price has exceeded $0.35 for twenty consecutive trading days ending on Friday, February 16, 2018 it is accelerating the exercise date of the Company’s common share purchase warrants dated December 16, 2015 with an exercise price of $0.25. The accelerated expiration date is twenty trading days after the Acceleration Trigger Date, which is March 19, 2018. Warrant Holders will be sent a copy of this press release and will have twenty trading days from the date of this news release, until March 19, 2018, to exercise their Warrants. Warrants not exercised prior to the end of business on March 19, 2018 will expire.

The net proceeds of the Offering will be used to fund and provide liquidity for the Company’s working capital obligations during the re-start and ramp-up of the ELG Mine Complex, as required, and for general corporate purposes.

Defiance Silver Corp. is pleased to announce the appointment of Mr. Peter J. Hawley as Interim President and CEO. Mr. Hawley is currently the Chairman of the Board, and an integral part of the Defiance team with over 36 years of geological and mining experience spanning grassroots exploration through to development and production.

Orla Mining Ltd. is pleased to announce that it has closed its previously announced bought deal financing, including the exercise in full of the underwriters’ over-allotment option. A total of 17,581,200 units of Orla were sold at a price of $1.75 per Unit, for aggregate gross proceeds of $30,767,100. Each Unit consists of one common share of Orla and one-half of one common share purchase warrant. Each Warrant will entitle the holder to acquire one common share of Orla at a price of $2.35 at any time prior to February 15, 2021.

“Our focus of improving our long-lived operations led to increased throughput and lower costs which, coupled with significantly higher base metals prices, drove our increasing cash balance and continued strong adjusted,” said Phillips S. Baker, Jr., President and CEO. “2018 should have further value creation at all our mines as we advance low-cost, high-return technologies that are focused on improving productivity. We are also taking a bulk sample of San Sebastian’s polymetallic zone which could further extend its mine life. Exploration spending is increasing as we see further opportunities for both discoveries and resource growth.”