John-Mark Staude, President and CEO, stated: “Carol Ellis and Walter Henry bring solid experience and diverse skillsets that will nicely complement the Company’s existing board. We are very pleased to add two quality and well-respected contributors to the Riverside team.”
Mr. Mah, B.Sc., P.Geo., is a professional geologist with 20 years of experience in the mining industry. He brings to Endeavour a wealth of technical experience and analytical skills needed in order to generate, evaluate and negotiate M&A opportunities in the silver mining sector for Endeavour. Dale has held senior positions in mineral exploration, investment research and project evaluation throughout his career. As a result, his knowledge of the capital markets, investment banking, equity research, precious and base metals project management and valuation, financial modeling, mine economics, and reserve and resource estimation are a good fit with Endeavour’s management team.
Mammoth Resources Corp. would like to announce that it has been granted a Management Cease Trade Order as a result of the company’s late filing of its year-end audited financial statements and accompanying Management Discussion and Analysis which is due to have been completed and filed on May 31, 2016 for the company’s fiscal year end dated January 31.
Oceanus Resources Corporation is pleased to announce that it has entered into an agreement with Cantor Fitzgerald Canada Corporation and PI Financial Corporation as co-lead underwriters, pursuant to which they have agreed to purchase, on a bought deal basis, 21,739,130 units of the Company at a price of $0.23 per Unit, for gross proceeds to the Company of approximately $5,000,000.
Colibri Resource Corporation is pleased to announce that it intends to carry out a non-brokered private placement financing to raise gross proceeds of up to $100,000.
Avino Silver & Gold Mines Ltd. is pleased to report voting results in accordance with Section 11.3 of NI 51-102 Continuous Disclosure Obligations. This report briefly describes the matters voted upon and the outcome of the votes at the Annual General and Special Meeting of Shareholders of the Company held on May 27, 2016:
Cyprium Mining Corporation is pleased to announce the appointment of Mrs. Rosario Mundo as Manager of Finance and Administration of all its operations in Mexico. A graduate of the Universidad Autonoma de Chihuahua as Certified Public Accountant, Mrs. Mundo has almost twenty years of experience in the mining sector in Mexico, having worked in senior positions for various subsidiaries of Goldcorp Inc for nearly ten years and more recently with Minefinders Corporation Ltd and Coeur Mining Inc. Mrs. Mundo also has completed post-graduate studies in Business Financing and Personnel Management. Reporting directly to Cyprium’s Chief Executive Officer, Mrs. Mundo will be responsible for accounting, tax matters, audits, financial reporting and budgeting, internal controls, payroll and costs control.
Millrock Resources Inc. reports that the final portion of the non-brokered private placement announced on May 4, 2016 has closed and a total of 10,670,660 Units at a price of $0.29 per Unit were issued for gross proceeds of $3,094,491.40. The Company raised a grand total of $3,596,191.40 in this financing.
Colibri Resource Corporation announces the results of its Annual and Special Meeting held on May 27, 2016. Of the shares voted, at least 99% were in favour of all management resolutions proposed in the Company’s Management Information Circular.
As reported previously, Copper production from the Company’s leaching operations began to decline in September 2014. Investigation of the cause revealed that a sudden and unprecedented occurrence of clay materials had appeared in the ore in the south pit of the mine where the last few benches of material from a “slip” (i.e., material higher up in the mine that slid down a slope as a result of being located along a fault zone,) area were being mined. This clay material was mixed with ore sent to the crusher and distributed onto the leach pad with a dozer. This resulted in a top layer of low permeability of the heap (i.e., stacked ore on the leach pad), greatly reducing the overall permeability of the heap and hence reducing the percolation of fluid flow through the heap to the SX/EW plant.
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