Category: Investor’s Corner

Oceanus Resources Corporation announces a non-brokered private placement for $1,500,000 by the sale of common shares of the Company at a price of $0.25 per share. The Common Shares are subject to a 4 month hold period. In connection with the offering, a finder’s fee may be paid consisting of a cash payment equal to up to 6% of the proceeds raised pursuant to this private placement.

Goldcorp Inc has hired Bank of Nova Scotia to lead the sale process for Los Filos, its gold and silver mine in Mexico, according to two sources familiar with the situation, after putting the asset on the block earlier in the summer.

McEwen Mining Inc. is pleased to announce the appointment of Xavier Ochoa as Chief Operating Officer, effective immediately and the departure of the Company’s current COO, William Faust effective September 30, 2016. Mr. Ochoa is a seasoned executive, bringing more than 25 years of operational experience to the McEwen team and will be instrumental in the continued growth and development of our projects.

NASDAQ-listed drilling contractor Layne Christensen has reported further year-on-year contraction in its mineral drilling business in the latest quarter and half-year to July 31 as it business focus switches to the Americas from a previous global profile…“Our overall consolidated financial performance is expected to improve and we remain committed to returning Layne to profitability in fiscal year 2018,” president and CEO Michael Caliel said.

DynaResource, Inc., of Irving Texas, reports that DynaResource de México SA de C.V., the 100% owner of the San Jose de Gracia Project, located in the County of Sinaloa de Leyva, State of Sinaloa, México, issued a news release dated September 2, 2016, in order to issue clarifying statements regarding the SJG Project.

San Marco CEO, Bob Willis stated; “Richard’s successful track record of identifying high caliber multi commodity opportunities will be instrumental in the design and implementation of San Marco’s project generation program focused in Mexico.”

Levon Resources Ltd. is pleased to announce that the nominees listed in the management information circular of the Company dated August 3, 2016 were elected as directors of the Company at the annual general meeting of shareholders of the Company held on September 7, 2016. All other matters put forward to shareholders at the Meeting were also approved, including, setting the number of directors at six and the appointment of the Company’s auditors.

Ron has 30 years of work experience in the minerals industry, primarily focused on generating and evaluating exploration properties. Ron most recently worked at Centerra Gold Inc. as VP of Exploration. Prior to this, he held the positions of VP, Exploration and Chief Geologist at Silver Standard Resources Inc. where he contributed to discoveries that resulted in the definition of a world-class silver resource at the Pitarrilla project in Durango, Mexico and major gold resources forming the Snowfield and Brucejack deposits in northern British Columbia, Canada.

“Although most mining companies remain cautious in their spending, we have seen an increase in activity compared to the beginning of the year. Revenue is up 8% compared to the previous quarter as demand for our services has improved,” said Denis Larocque, President and CEO of Major Drilling Group International Inc.”

There is no name change in conjunction with the Consolidation, and the Company’s trading symbol on the Exchange will remain the same.