Category: Investor’s Corner

Silver Viper Minerals Corp. is pleased to announce that it has successfully completed its initial public offering of 12,262,500 common shares of the Company at a price of $0.25 per share for gross proceeds of $3,065,625, and has received approval of its application to list its common shares on the TSX Venture Exchange. The Company anticipates that its common shares will commence trading on the TSX-V on or about September 29, 2017 under the trading symbol “VIPR”.

VVC Exploration Corporation is pleased to provide an update on its previously announced CA$1 million in a non-brokered equity private placement. This placement is for units of the Company at a price of $0.05 per Unit, whereby each Unit consists of one common share and one-half of one common share purchase warrant of the Company. Each full Warrant entitles the holder to purchase one additional common share of the Company for a period of three years, at an exercise price of CA$0.06 per share. The Company has raised to-date about CA$900,000 and have commitments for an additional $460,000. The Company therefore is increasing the maximum amount of the offering to CA$2 million. The proceeds from the offering will be used mostly for ongoing drilling program, maintenance fees and option payments on the Corporation’s Samalayuca Copper Project in Mexico and working capital.

The proceeds of the private placement will be used by Defiance to commence a drill program at the San Acacio Silver Deposit located in Zacatecas, Mexico as well as for working capital purposes.

Alio Gold Inc. is pleased to announce a partnership with VRify, a communications platform offering investors 360 virtual tours of projects and assets right in the palm of their hands. The 360 virtual tour of the Company’s San Francisco Mine located in Sonora, Mexico is now available.

At Peñasquito (100% owned, Mexico), the Pyrite Leach Project is 40% complete and expected to commence commissioning in the fourth quarter of 2018, three months ahead of schedule. PLP is expected to recover approximately 40% of the gold and 48% of the silver currently reporting to the tailings, and is expected to add production of approximately 1 million ounces of gold and 44 million ounces of silver over the current life of the mine.

Goldgroup Mining Inc. would like to provide a legal update in regards to DynaResource, Inc.’s award in excess of USD$48 million in damages against the Company. On August 24, 2017, a Federal Amparo judge in the state of Veracruz, Mexico, dismissed Goldgroup Resources Inc.’s Amparo challenge. Goldgroup’s position in response to the USD$48 million claim remains the same with its previous press release (see Goldgroup’s August 31, 2016 and October 14, 2015 press releases). Goldgroup was never notified of the purported court case, and does not recognize any of the claims mentioned therein and is of the belief that such claims are entirely without merit. More importantly, the Company expects the claim to be voided at the Mexican Supreme Court level due to the unambiguous arbitration result in favor of Goldgroup in August, 2016.

The proceeds of the Offering will be used to purchase the Black Fox Complex and for general corporate purposes. Black Fox is a producing underground gold mine located in the world-famous mining region of Timmins, Canada. Production in 2018 is expected to be 50,000 gold ounces, increasing the company-wide gold equivalent production by 16% from approximately 157,000 ounces in 2017 to 182,000 ounces in 2018.

Soleil Capital Corp., a capital pool company, is pleased to announce it has entered into a letter of intent dated September 21, 2017 to enter into an arm’s length business combination transaction with Goldplay Exploration Ltd. Goldplay is a private mineral exploration company incorporated under the laws of British Columbia and active in gold exploration in the Rosario Gold District, Sinaloa, Mexico.

Pete Dougherty, President and CEO stated: “We had a successful year of resource drilling which will extend the mine lives at both El Castillo and La Colorada. At El Castillo, the additional ounces were made accessible with the acquisition of the San Juan mineral concession. At La Colorada, the resource increase came through an aggressive program of in-fill and step-out drilling adjacent to the El Creston pit. We are now preparing to publish updated life-of-mine plans at both El Castillo and La Colorada during the first quarter of 2018.”

“The amended facility adds significant liquidity on very attractive terms. Combined with existing cash and expected cash from the recently announced acquisition of Richmont Mines, Alamos will be debt free with more than US$600 million of available liquidity. This greatly improves our financial flexibility as we fund development of our portfolio of growth projects,” said John A. McCluskey, President and Chief Executive Officer.