Orla Mining Ltd. announces that its Board of Directors has approved a proposed share for debt settlement with certain creditors, providing for the settlement of an aggregate of $206,783 in debt through the issuance of an aggregate of 147,702 common shares of the Company at an issue price of $1.40 per common share.
La producción minera mundial de plomo en 2016 se situó en cuatro mil 704 millones de toneladas, de las cuales el 49.7% correspondió a China; 9.7%, Australia; 8.8%, Europa; 7.2%, Estados Unidos; 6.7%, Perú; 5.0%, México; y 12.9% otros países, según el reporte.
Fred Stanford, President & CEO of Torex stated: A frequently asked question we have received is whether we would breach the liquidity covenants of our Credit Facility. This no cost waiver to temporarily reduce the liquidity covenant is helpful in that it extends the time before liquidity becomes a covenant breach risk. The high quality of support that the Lenders have provided is appreciated and has been consistent throughout their relationship with Torex. He added, This month we also received VAT returns of US$13 million, which has helped to reduce liquidity risks.
GoGold Resources Inc. is pleased to announce the release of financial results for the quarter and year ending September 30, 2017 with revenue of $17.0 million (All amounts are in U.S. dollars) from the sale of 502,804 silver ounces and 7,313 gold ounces during the year.
Primero Mining Corp. today announced that the Company has agreed with its lenders to an extension of its revolving credit facility and guarantee provided by Wheaton Precious Metals Corp., previously maturing on December 22, 2017. The maturity of the RCF has been extended to January 11, 2018, providing the Company with the ability to continue negotiations surrounding its previously announced strategic review process and the possible divestiture of its San Dimas mine in Mexico. There can be no certainty that these discussions will result in a resolution acceptable to all stakeholders.
INFINITE LITHIUM CORP. is pleased to announce that it has closed its previously announced private placement of units for aggregate gross proceeds of $4,830,000.
Marlin Gold Mining Ltd. is pleased to announce that, further to its December 19, 2017 press release it expects to close the Company’s previously announced plan of arrangement to reorganize its business, including the spin-off of its wholly-owned subsidiary, Sailfish Royalty Corp. on December 22, 2017.
Mr. Harry Burgess was a Founding Partner and now an Associate Consulting Mining Engineer of Micon International, Ltd. and is a Member at Professional Engineers Ontario and a Member at The Canadian Institute of Mining, Metallurgy & Petroleum. He is on the Board of Directors at Cartier Iron Corp., GPM Metals, Inc. and ACME Resources Corp. Mr. Burgess was previously employed as an Independent Director by Champion Iron Mines Ltd., an Independent Director by Treasury Metals, Inc., an Independent Director by Tartisan Resources Corp., an Independent Director by Brigus Gold Corp., and an Independent Director by Vena Resources, Inc. He also served on the board at Mag Copper Ltd., Aquiline Resources, Inc., Absolut Resources Corp. and Amerix Precious Metals Corp. He has 40 years of experience with mining operations in China, Africa, North America and Australia. He received his undergraduate degree from Imperial College London, an undergraduate degree from The Royal School of Mines and a graduate degree from the University of the Witwatersrand.
Wealth Minerals Ltd. is pleased to announce that it has arranged a non-brokered private placement of up to 6,250,000 shares of the Company at a price of $1.60 per Share for gross proceeds of up to $10,000,000. All shares issued in the Placement will have a hold period in Canada of four months from the closing of the Placement. Finders fees are payable on a portion of the Placement. Completion of the Placement is subject to the acceptance for filing thereof by the TSX Venture Exchange.
FIRST MAJESTIC SILVER CORP. is pleased to announce that it has filed updated National Instrument 43-101 technical reports on its Del Toro, La Parrilla and San Martin mining operations. Each of the technical reports are available under the Company
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