Category: Investor’s Corner

IMPACT Silver Corp. announces that Mr. Richard Younker, CPA, CA, CMC, its Chief Financial Officer, is retiring effective June 30, 2016 after more than ten years of working with the Company. Mr. Younker will be joining a newly formed advisory board for the Company so that we may continue, from time to time, to have access to his knowledge and expertise.

John Zang, CEO of Morro Bay, stated “Assuming all of the terms and conditions of the Amending Agreement are met, this will result in Morro Bay having no further interest in the Peñoles Project. Morro Bay is currently considering other business opportunities”.

A total of 118,030,977 common shares were represented at the meeting, being 72.89% of the Company’s issued and outstanding shares. Shareholders voted in favour of all matters brought before the meeting including the re-appointment of PricewaterhouseCoopers as auditors for the ensuing year, and the election of management’s nominees as directors.

Oceanus Resources Corporation is pleased to announce that it has closed its previously announced bought deal offering of 25,000,000 units of the Company at a price of C$0.23 per unit which includes 3,260,870 units issued pursuant to the exercise in full of an over-allotment option, for gross proceeds to the Company of C$5,750,000.

Canasil Resources Inc. announces that the non-brokered private placement of 7,500,000 units at a price of $0.32 per Unit for total gross proceeds of $2,400,000 announced on June 7, 2016, is over-subscribed. The placement has been increased to 8,000,000 Units for total gross proceeds of $2,560,000. A finder’s fee may be paid with respect to all or part of this Placement. The terms of the Placement are subject to acceptance by the TSX Venture Exchange.

Fortuna Silver Mines Inc. announces that it acquired for a purchase price of C$1.5 million, direct ownership of 10.0 million units of Medgold Resources Corp., of 200 Burrard Street, Suite 650, Vancouver, BC V6C 3L6, at a price of C$0.15 per Unit on June 17, 2016. Each Unit consists of one common share of Medgold and one warrant to purchase an additional common share of Medgold exercisable at a price of C$0.15 per share for one year.

Geologix Explorations Inc. is pleased to announce the appointment of Mr. Kiran Patankar as President and CEO of the Company. Mr. Patankar will succeed Dunham Craig, who has been appointed Chairman of the Board. Past Chairman, George Brack, has been appointed Lead Independent Director.

IMPACT Silver Corp. is pleased to announce that it has completed the brokered private placement announced on May 20, 2016. The fourth tranche raised $248,765 by issue of 436,430 Units at a price of $0.57 per Unit. In total, the Private Placement raised aggregate proceeds of $5,000,000 by the issue of 8,771,930 Units at a price of $0.57 per Unit. Each Unit consists of one common share and one-half of one warrant. Each whole warrant entitles the holder to purchase one common share per Warrant at a price of $0.90 per Share for a period of 36 months from the date of issuance.

A total of 87,428,866 common shares were represented at the meeting, being 67.0% of the Company’s issued and outstanding shares. Shareholders voted in favour of all matters brought before the meeting including the appointment of auditors for the ensuing year, and the election of management’s nominees as directors.

First Mining is also pleased to announce that Mr. William Tanaka and Mr. Samir Patel have joined the Company as Vice President, Technical Services, and Corporate Counsel and Corporate Secretary, respectively. Mr. Patel will be taking over the role of Corporate Secretary and due to the Company’s increased focus on projects within Canada, Mr. Raul Diaz’s position has changed from Vice President of Exploration to Exploration Manager, Latin America.