Category: Investor’s Corner

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.”

Aura Minerals Inc. confirms the appointment of Rodrigo Barbosa as Chief Financial Officer.

Shareholders voted in favor of all items put forward by the Board of Directors. Shareholders set the number of directors at five and approved the appointment of Greg Crowe, Luke Norman, W. Barry Girling, Claudia Tornquist and Raul Diaz-Unzueta to the Board of Directors. Ms. Tornquist and Mr. Diaz are newly appointed directors and Robert McMorran did not stand for re-election as a director of the Company. The biographies of Ms. Tornquist and Mr. Diaz are set forth in a news release dated August 22, 2016. The Company wishes to thank Mr. McMorran for his services as a director of the Company.

Oroco Resource Corp. announces that it has received US$811,690 from Goldgroup Mining Inc. in settlement of the outstanding balance of all debts due from Goldgroup, being the remaining principal and accrued interest from (a) the US$1,500,000 promissory note, as amended, issued to the Company by Goldgroup pursuant to the terms of the Cerro Prieto property sale; (b) the Value Added Tax refund due to Oroco pursuant to a debt assignment agreement; and (c) a break fee payable to Oroco pursuant to an agreement with Goldgroup dated September 28, 2015.

Silver Spruce Resources Inc. is pleased to announce that it has granted 2,900,000 stock options with an exercise price of $0.15 per share to directors and consultants of Silver Spruce. These options shall expire on September 20, 2019 if not exercised prior to that date. The issuance of the options is subject to all necessary approvals by the TSX Venture Exchange