New Gold Inc. today announces that it has completed its offering of $300 million aggregate principal amount of 6.375% Senior Notes due 2025. New Gold intends to use the net proceeds from the offering of the Notes, together with cash on hand, to fund the redemption of its outstanding $300 million 7.00% Senior Notes due 2020 on or about June 3, 2017.
MEXICAN GOLD CORP. is pleased to announce that its previously announced non-brokered private placement of up to 5,000,000 units of the Company at a price of $0.30 per Unit for gross proceeds of up to $1,500,000 has been oversubscribed and the Company will increase the size of the Private Placement by up to 1,000,000 Units for additional gross proceeds of up to $300,000. Each Unit will consist of one common share of the Company and one transferable common share purchase warrant. Each Warrant will entitle the holder to purchase one Common Share at a price of $0.45 per Common Share for a period of twenty-four months from the closing date of the Private Placement.
Almaden Minerals Ltd. announces that the independent NI 43-101 Pre-Feasibility Study of the Ixtaca Gold-Silver Project located in Puebla State, Mexico, has been filed on SEDAR. A summary of findings from the PFS was announced in Almaden’s press release issued April 3rd, 2017. The full report, prepared by Moose Mountain Technical Services, can be viewed under the Company’s profile on www.sedar.com.
David Coburn, CEO of Gainey Capital, commented, I am excited to add Mark Bailey to our Advisory Board, his experience within Mexico as well as his relationships within the investment community will be a major asset for Gainey Capital as we move the company forward and continue exploration on the El Colomo project.
Alta Vista Ventures Ltd. announces that the Company’s Board of Directors has approved a change of name to Global UAV Technologies Ltd. The shares will commence trading on the Canadian Securities Exchange under the new name on May 17, 2017. The Company’s trading symbol will remain as UAV.
N. Eric Fier, President and CEO of SilverCrest Metals stated: We are excited about moving to the OTCQX market and it is an important step forward for us as we continue our efforts on increasing awareness, visibility and liquidity for the Company. We believe it will provide us with an opportunity to expand our current U.S. shareholder base and a better trading platform for the investors in general.
Silver Spruce Resources Inc. is pleased to announce the appointment of Greg Davison, MSc, PGeo to its Board of Directors. Mr. Davison is a professional consulting exploration geologist, project manager and ore mineralogist with thirty-nine years of practical field, commercial laboratory and management experience in diverse geological settings. Mr. Davison has expertise in ore geology, process mineralogy, property evaluation, bulk sampling and pilot process operations. He has contributed to the development of exploration properties, ore deposits and mines in Canada, United States, Mexico, Greenland, Russia, Central and South America, Africa, Middle East, Asia and Australia.
Geologix Explorations Inc. is pleased to announce it intends to carry out, subject to approval of the TSX Venture Exchange, a private placement of up to 16,700,000 units at $0.06 per unit for proceeds of up to $1,002,000. Each Unit will consist of one common share and one-half of one non-transferable share purchase warrant. Each whole warrant will entitle the purchase of one common share for three years at a price of $0.10.
Joining as non-execs are Andres Antonius, based in Mexico City and a country specialist and former government adviser, while Junichi Tomono is head of the Japanese trading giant Hanwa Co, which recently signed an offtake deal with Bacanora. They replace James Leahy and Kiran Morzaria.
Alamos Gold Inc. is providing a summary of the voting results of its Annual General Meeting of Shareholders.
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