Category: Investor’s Corner

The net proceeds of the Offering will be used by the Company to fund a portion of the Company’s capital program, which includes the purchase of two drilling rigs and ancillary supplies, and for working capital purposes. The objective is to extend the Company’s capability in technical mineral and water drilling programs in Africa.

Alta Vista Ventures Ltd. announces the signing of a Letter of Intent to purchase a 100% interest in High Eye Aerial Imaging Inc. High Eye is a leader in unmanned aerial vehicle surveying and is the only company in Ontario to offer both multi rotor and fixed wing UAVs to their clients.

“I am very pleased to be able to bring my pegmatite and lithium experience of working in Quebec to the team at Alix.” stated Dr. Boily.

Finder’s fees of $38,400 and 60,000 finder warrants was paid to Sprott Private Wealth LP, and $85,920 and 134,250 finder warrants was paid to Sprott Global Resource Investments, Ltd. Finder’s warrants have the same terms as the Unit Warrants. The proceeds of the Placement will be used for continuing exploration programs on the Company’s mineral exploration projects and for working capital.

The Company intends to use the net proceeds of the Offering to fund accelerated exploration at the Company’s Platosa Project, for capital expenditures at the Platosa Mine and Miguel Auza Mill, for working capital expenses and for general corporate purposes.

Gold Resource Corporation announced today as required by Canadian securities regulations that it has disposed of certain common shares it previously indirectly held of Canamex Resources Corp. The Company initially reported the acquisition of 22,222,222 common shares in the capital of Canamex in February 2014 which, at the time, represented approximately 18.4% of the issued and outstanding common shares of Canamex. Since the initial report, the Company has periodically reviewed its holding and, based on its stated investment objectives, has periodically sold common shares of Canamex.

Colibri Resource Corporation is pleased to announce that it has closed its previously announced non-brokered private placement of 1,000,000 units for total proceeds of up to $100,000 at $0.10 per Unit. Each Unit comprises of one common share of the Company and one half of one whole warrant to purchase an additional share at a price of $0.15 per share if exercised within the two years.

VENDOME RESOURCES CORP. announces a proposed non-brokered private placement financing for aggregate gross proceeds to the Company of up to $400,000 by issuing a maximum of 40,000,000 units at a price of $0.0075 per unit for maximum proceeds of $300,000, and 13,333,333 “flow-through” shares at a price of $0.0075 per share for maximum proceeds of $100,000. Each of the units will consist of one common share in the capital of the Company and one common share purchase warrant. Each warrant will entitle its holder to purchase one additional common share at an exercise price of $0.01 for a period of 3 years from the closing date of the private placement. There can be no assurance that the Offering will be completed, whether in whole or in part.

Torex Gold Resources Inc. announced today that the previously announced consolidation of the Company’s issued and outstanding common shares on the basis of one post-consolidation Common Share for every ten pre-consolidation Common Shares is effective June 30, 2016. The Common Shares are expected to begin trading on a consolidated basis on the Toronto Stock Exchange when markets open on July 5, 2016.

Silver Bull Resources, Inc. is pleased to announce that it has completed the third and final tranche of the non-brokered private placement of units of the Company announced on May 12, 2016. Under the third tranche of the Private Placement, Silver Bull issued 3,670,000 Units at a price of CDN$0.13 per Unit for aggregate gross proceeds of CDN$477,100. Each Unit consists of one common share in the capital of the Company and one Common Share purchase warrant. Each Warrant entitles the holder thereof to acquire one common share at a price of CDN$0.16 until the date that is 12 months following closing of the Private Placement. If the closing price of the common shares of the Company on the OTCQB Venture Marketplace is US$0.18 or higher for five consecutive trading days, then the Warrant will expire 30 trading days from such fifth consecutive day.