Category: Investor’s Corner

“Bacanora’s last reported cash position was circa CAD30 million and these extra funds further bolster our strong cash resources, which are more than enough to see us through to the end of our feasibility study and offtake discussions,” said Interim Chairman James Leahy.Canadian and London listed Bacanora said an unnamed institutional shareholder had exercised a warrant option for 2.9 million new shares at a price of CAD1.47 each, following which it will have a total of 110.8 million shares in issue.

Baja Mining Corp. wishes to announce that further to the approval received from shareholders of the Company at the annual and special meeting held on December 16, 2015, and as described in more detail in the management information circular of the Company dated November 4, 2015, based on market conditions and other factors the board of directors of the Company has authorized a consolidation of the issued and outstanding common shares of the Company on the basis of one post-consolidation Common Share for every twenty pre-consolidation Common Shares. In connection with the Consolidation, the Board has also decided to change the Company’s name from “Baja Mining Corp.” to “Camrova Resources Inc.”.

El precio de la materia prima perdió su nivel de 1,300 dólares por onza que había mantenido desde junio.

YAMANA GOLD INC. announces that it has completed the sale to Premier Gold Inc. of its Mexican subsidiaries through which the Mercedes mine is held. Pursuant to the transaction, the Company received total consideration of $122.5 million in cash plus shares, equity securities and net smelter return royalties having an additional value of approximately $22 million. The marketable securities received include 6 million common shares of Premier and 3 million common share purchase warrants of Premier that are exercisable at C$4.75 per common share for 24 months. The Company also received a 1.0% net smelter return royalty on the Mercedes mine, that becomes payable upon the earlier of six years from the completion of the sale and the date upon which cumulative production of 450,000 ounces of gold equivalent from Mercedes has been achieved, as well as a 2.0% net smelter return royalty on the La Silla property in Sinaloa, Mexico and the La Espera property in Sonora, Mexico.

Luego de que la semana pasada un grupo de transportistas decidiera tomar y mantener cerradas las instalaciones de la mina ubicada en Mazapil, Zacatecas, para exigir mejoras laborales, ambientales y sociales, la firma anunció que está lista para realizar un cierre controlado o dialogar con los inconformes.

Alset Energy Corp. announces that it has received documentation from its Mexican legal advisors that two of the concessions held under the Company’s option agreement, as they are currently registered, may require a considerable amount of annual work expenditures. Such expenditures are required to be completed in order to maintain them in good standing under Mexican Mining Law relative to the others in the portfolio. While it is not uncommon for significant exploration costs to be expended in order to keep large mineral/mining holdings in good standing with mining authorities around the world, the initial estimates for the Mexican concessions appear excessive and are currently estimated at approximately $1.8 million annually. After receiving these initial estimates, the Company immediately consulted with its Mexican advisors and is confident that these costs can be substantially lowered to more reasonable and manageable amounts moving forward. The Company is expeditiously working on these measures and will update shareholders accordingly.

Mr. Simon Ridgway, Chairman of the Board, is pleased to announce the appointment of Mr. David Laing to the Board of Directors of the company.

“We are very pleased with the participation in this financing,” commented Jason Weber, P.Geo., President and CEO of Alianza. “With the funds in hand, the Company continues its business model to explore the recently staked silver-zinc-lead properties in Peru and to perform additional work and bring in partners to advance existing projects in Nevada and Yukon.”

“The board of Bacanora strongly rejects the Proposal believing it significantly undervalues the company and jeopardises Sonora’s development path to production,” said Bacanora.

Keith Neumeyer, Chairman of First Mining stated, “We are pleased to have completed this transaction with Silver One. We have confidence in Silver One’s management team and are looking forward to them advancing these under-explored properties further and unlocking their true value. Through the equity position that we now have in Silver One, along with our residual royalty interest in these three properties, our company will reap the benefits from continued exposure to the silver sector, and any future upside as sentiment in the mining sector continues to improve.”