Category: Investor’s Corner

Prospero Silver Corp. is pleased to announce that it has appointed Mr. Ralph Rushton as Executive Vice President, Business Development of the Company. Mr. Rushton holds a B.Sc. in geology from Portsmouth University in the UK, a Master’s degree in Economic Geology from the University of Alberta, and a Certificate in Business Communications from Simon Fraser University. He has over 30 years’ experience in precious and base metals mining and exploration, much of which was gained working as a geologist in Southern Africa, the Middle East and Eastern Europe for Rio Tinto and Anglo American plc. For the last 13 years he has worked in business development for a number of junior resource companies and currently serves as a director on the boards of three Vancouver-based companies. He has experience in a broad range of commodities including precious and base metals, iron ore and phosphate, and has helped to raise over C$400mil through private placement financings to fund exploration and development programs in Latin America, Scandinavia and Eastern Europe.

Alain Lambert, Chairman and CEO of Cyprium commented: “I’m glad to report that 96.8% of the principal amount of debentures voted at the meeting were in favour of all matters presented. This sends a clear message of support for the company’s business plan. Our objective remains to finalize in the next two weeks further extensions of the maturity date of various loans so that at least 90% of the company’s loans will mature in 2019. Achieving this objective will pave the way for greater access to the equity market as well as possible corporate transactions to ensure the development of the Potosi mine and the La Chinche exploration property.”

Tim Oliver, President of Alset commented: “After we announced the initial private placement we took another look at our work programs. We’ve now refined our plans and have revised the costs for the screening and resource definition drilling downwards. A combination of low drilling costs and the decision to limit resource definition drilling to the three most attractive salars, should allow a lower cost program than we initially planned for. We also discovered some valuable new information regarding the extensive inventory of sediment samples from prior investigations, and the history of commercial salt production from pumped brine in three of the seven salars. If our programs are successful, we hope to come back to the market for another raise at a higher price than the current private placement.”

Silver Bull Resources, Inc. announces the expiry of common share purchase warrants issued by the Company on May 19, 2016, June 3, 2016 and June 29, 2016, and exercise of 3,120,000 Warrants prior to their expiration for gross proceeds of CDN$499,200.

Rare Earth Mineral Plc has agreed to acquire a further 4.5 million existing ordinary shares in Bacanora Minerals Ltd for a consideration of £4.5 million [via an on market transaction]. Completion is due by the end of the month.

“Charlie will be a tremendous addition to our Board of Directors,” said Ian Telfer, Chairman of the Board of Goldcorp. “His technical knowledge and operational experience will be invaluable as we continue to optimize our portfolio and advance our organic pipeline.”

La producción minera de oro en nuestro país reportó un crecimiento de 14.4 por ciento en 2015 con respecto a 2014, alcanzando un total de 4.3 millones de onzas. “Este volumen es cinco veces más del correspondiente a 2001 (756 mil onzas), permitiendo que México se mantenga entre los ocho principales países productores de oro en el mundo”, según informes revelados por la Cámara Minera de México (Camimex).

At the Meeting, the shareholders approved:

the re-election as directors of the Company of all of the nominees listed in the Circular; and
the re-appointment of Smythe Ratcliffe as the Company’s auditors.

Mr. Davila commented: “I have made the decision to resign due to the fact that I have accepted a position as the new Minister of Economic Development for the State of Durango in Mexico. I look forward to continuing my support for the mining industry in this new senior position within the government for the benefit of both Durango and Mexico. I would like to thank the Board of Directors, management and the shareholders of First Majestic for their continuous support.”

The net proceeds from the Offering will be used by Prospero to advance Prospero’s existing project portfolio to drill-ready status, to expand the project portfolio by possible new acquisitions, and for general working capital purposes. Strategic joint ventures will also be sought.