Category: Investor’s Corner

Telson Resources Inc. announces that as a result of a review by the British Columbia Securities Commission, the Company is issuing this news release to clarify the Company’s previous disclosure. Some information in previous Company Management Discussion and Analysis, its website property pages, investor fact sheet, and corporate presentation included mineral resource estimates and preliminary economic assessment disclosures that were not compliant with the standards of disclosure for mineral projects as set out by National Instrument 43-101 and as a result could be misleading.

A total of 66,956,494 votes were cast representing 46.72% of the issued and outstanding common shares as of the record date for the Meeting. All of the proposed candidates were duly elected as directors by shareholders present or represented by proxy.

IMPACT Silver Corp. is pleased to announce that it has completed the third tranche of the brokered private placement announced on May 20, 2016. The third tranche raised $1,375,011 by issue of 2,412,300 Units at a price of $0.57 per Unit. The Corporation also issued 88,000 Units directly to a purchaser, for gross proceeds of $50,160. To date, the Corporation has raised aggregate proceeds of $4,751,235 by the issue of 8,335,500 Units. 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.

Torex Gold Resources Inc. announces the results of its 2016 annual and special meeting of shareholders held in Toronto, Ontario on June 9, 2016. At the Meeting, all director nominees listed in the Company’s management information circular dated May 2, 2016 were elected as directors of the Company.

Oremex Silver Inc. is pleased to announce that it is proposing to consolidate its issued and outstanding common shares and to change the name of the Company from “Oremex Silver Inc.” to “Monarca Minerals Inc.”. Additional information relating to the proposed consolidation and name change is included in the management information circular of the Company dated May 17, 2016 for the annual general and special meeting of shareholders scheduled for July 7, 2016 and which is available on the Company’s SEDAR profile at www.sedar.com.

At the meeting, all director nominees listed in the Company’s management information circular dated April 25, 2016, were elected as directors of the Company.

The net proceeds of the Offering are expected to be used by the Company for capital programs at the Galena Complex and San Rafael Property, debt repayment, working capital and general corporate purposes.

The net proceeds from the Placement are intended to be used to fund the costs related to the ongoing discussions with Li3 Energy, Inc. pursuant to the letter of intent with Li3 announced on February 1, 2016 including to carry out and complete the required due diligence on Li3 and the Maricunga Lithium Project, for the review and assessment of additional potential lithium mineral property acquisitions and the negotiation of related formal documentation for any such acquisition(s), for property payments and work programs on the Company’s existing mineral properties and for general and administrative expenses and working capital.

President and CEO of Riverside Resources Inc., John-Mark Staude stated: “We appreciate all of the effort that Morro Bay has put into advancing the Penoles Project. Riverside has strived to be a collaborative partner as evidenced by the numerous amendments to the option agreement during challenging times in the junior exploration sector. We see good potential at the Penoles Project and the main motivation for issuing a default notice is to ensure that the Penoles Project continues to advance, as we feel there is good potential to build on the initial resources that have been defined to-date.”

“This was a very difficult quarter and as discussed in the third quarter release, the calendar year got off to a slow start. Most of our customers have reduced their exploration budgets for calendar 2016 based on low commodity prices that were prevailing at the end of calendar 2015. Although some commodity prices have improved over the last four months, most mining companies remain cautious in their spending,” said Denis Larocque, President and CEO of Major Drilling Group International Inc.