Category: Investor’s Corner

Canasil Resources Inc. announces that the non-brokered private placement of 7,500,000 units at a price of $0.32 per Unit for total gross proceeds of $2,400,000 announced on June 7, 2016, is over-subscribed. The placement has been increased to 8,000,000 Units for total gross proceeds of $2,560,000. A finder’s fee may be paid with respect to all or part of this Placement. The terms of the Placement are subject to acceptance by the TSX Venture Exchange.

Fortuna Silver Mines Inc. announces that it acquired for a purchase price of C$1.5 million, direct ownership of 10.0 million units of Medgold Resources Corp., of 200 Burrard Street, Suite 650, Vancouver, BC V6C 3L6, at a price of C$0.15 per Unit on June 17, 2016. Each Unit consists of one common share of Medgold and one warrant to purchase an additional common share of Medgold exercisable at a price of C$0.15 per share for one year.

Geologix Explorations Inc. is pleased to announce the appointment of Mr. Kiran Patankar as President and CEO of the Company. Mr. Patankar will succeed Dunham Craig, who has been appointed Chairman of the Board. Past Chairman, George Brack, has been appointed Lead Independent Director.

IMPACT Silver Corp. is pleased to announce that it has completed the brokered private placement announced on May 20, 2016. The fourth tranche raised $248,765 by issue of 436,430 Units at a price of $0.57 per Unit. In total, the Private Placement raised aggregate proceeds of $5,000,000 by the issue of 8,771,930 Units at a price of $0.57 per Unit. 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.

A total of 87,428,866 common shares were represented at the meeting, being 67.0% of the Company’s issued and outstanding shares. Shareholders voted in favour of all matters brought before the meeting including the appointment of auditors for the ensuing year, and the election of management’s nominees as directors.

First Mining is also pleased to announce that Mr. William Tanaka and Mr. Samir Patel have joined the Company as Vice President, Technical Services, and Corporate Counsel and Corporate Secretary, respectively. Mr. Patel will be taking over the role of Corporate Secretary and due to the Company’s increased focus on projects within Canada, Mr. Raul Diaz’s position has changed from Vice President of Exploration to Exploration Manager, Latin America.

Aura Silver Resources Inc. sadly reports that Company director Eric Craigie passed away recently. Eric served as a director since the Company’s inception in 2003 and was previously Vice President, Exploration. Eric provided valuable counsel on the strategic direction and governance of the Company over the past thirteen years. The Company’s Greyhound property was first prospected by an exploration team led by Eric and Paul Pitman, Manager of Canadian Operations during the mid- 1990’s, which led to the Company’s interest in the project.

Santacruz Silver Mining Ltd. reports that, in connection with its previously announced short form prospectus offering of units at a price of C$0.40 per Unit, it has amended its agreement with Haywood Securities Inc., on behalf of a syndicate including M Partners Inc., to increase the amount of the Offering from 26,500,000 Units to up to 32,500,000 Units for aggregate gross proceeds of up to $13,000,000.

La minería en México atraviesa un buen momento, en especial por el aumento en los precios de los metales preciosos, consideró Xavier García de Quevedo, presidente de Grupo México.

SOURCE EXPLORATION CORP. The Company has filed a response as a third party of interest after receiving notification of an appeal by a neighboring concession owner to an earlier decision by the General Bureau of Mining located in Mexico City regarding an overlapping area of its Las Minas property. The overlapping area comprises approximately 11% of the Las Minas project.