Category: Investor’s Corner

Alta Vista Ventures Ltd. reports Anthony Jackson has joined Alta Vista Ventures as its new Chief Financial Officer. Jennifer Schindler has stepped down for personal reasons and the Company wishes to thank her and wish her well in her future endeavors.

Rare Earth Minerals plc (LON:REM) is to change its name to Cadence Minerals plc, in a nod to the company’s growing interest in the strategic technology materials sector. The junior miner told investors that the company’s new ticker will be ‘KDNC’ once the name change is be completed, which it expects to be next Monday (27 March).

Fortuna Silver Mines Inc. announces that due to an ongoing regulatory review of the Company’s 2015 annual filings, the Company may be delayed in filing its annual audited financial statements and related MD&A for the years ended December 31, 2016 and 2015.

“We achieved some significant milestones this quarter, largely at the expense of production results and reported earnings.” reported Robert Eadie, President of the Company. “Firstly, we moved the Altiplano Plant into operational status, thereby reporting its earning as part of Company operations, and achieved a modest positive cash flow from very low production thereby providing confidence that this operation will produce good cash flow under full capacity. Secondly, we completed the construction of the CIL plant at San Martin allowing us to process the higher grade carbonaceous ore from our mine. While we have experienced overall lower recovery and mine production as a result of issues with the initial start up of this plant, we have fully tested the CIL plant using purchased carbon and have proven that it is fully functional and operating as planned”.

Riverside Resources Inc. is pleased to announce it has closed its previously announced private placement. The placement was over-subscribed and the Company issued 6,257,367 units at a price of $0.55 per unit for gross proceeds of $3,441,552 instead of the 5,500,000 units $3,025,000 originally contemplated.

Due to a spreadsheet tabulation error, the Company’s news release of November 22, regarding two Convertible Debentures, one in USD and the other in CAD, which closed on December 2nd, 2016, contained some errors.

The net proceeds of the Offering will be used to fund the purchase of a mining concession in San Juan del Río Durango, consisting of 420 hectares covering known projections of the El Castillo mineralization and for general corporate purposes.

SOURCE EXPLORATION CORP. is pleased to announce the appointment of Mr. Brian Robertson, P.Eng., as Chairman, effective immediately. Mr. Robertson currently serves as President & CEO of the company and is also a Director.

“Although Primero faced significant challenges in 2016, we entered 2017 with renewed motivation to address these challenges and deliver meaningful returns to our shareholders,” said Mr. Joseph F. Conway, Interim President and Chief Executive Officer. “We have started by strengthening our management team in late 2016, reducing our corporate G&A and refinancing our revolving credit facility, terming out our debt to better match our asset’s cash flow profile. Our next focus is resetting the San Dimas operation and bringing the mine back to profitability so it can once again deliver on its world-class potential. We have also renewed our commitment to exploration at both of our mines in order to continue growing their reserve and resource base and fully realize on their significant mineral endowments.”

Riverside Resources Inc. is pleased to announce that its previously announced private placement of up to 5,500,000 units at $0.55 per unit has been oversubscribed. The Company has now closed subscriptions at 6,257,367 units for total proceeds of $3,441,552, an oversubscription of 757,367 units and $416,552.