Category: Investor’s Corner

MAG Silver Corp. announced today that the Company will change the ticker symbol of its common shares listed on the New York Stock Exchange from MVG to MAG effective Monday, June 27, 2016. The Company will then trade on both the TSX and NYSE MKT as MAG.

Arturo Préstamo, President and Chief Executive Officer of Santacruz, stated: “We are very pleased to have come to an agreement with JMET and Haywood to restructure the current Silver Pre-Payment Agreement, which strengthens our balance sheet and in particular our working capital. I am also pleased to report that this week we are taking delivery at the Veta Grande Mine of a key piece of mechanized mining equipment that will significantly increase our mine production going forward.”

“Settlement of this debt is a very significant achievement for Timmins as it has been a top priority to place the Company in a stronger financial position going forward.” stated Mark Backens, Interim CEO. “With the debt paid off we gain flexibility and can renew focus on the advancement of the Ana Paula feasibility study and permitting work. Initial funding for this work will be provided by the cash flow generated from the San Francisco Mine. We would like to extend our appreciation to both Sprott and our largest shareholder Goldcorp for their support.”

“Lindsay has had key leadership roles in the U.S. and Canada, in mining and other industries,” said Phillips S. Baker, Jr., Hecla’s President and Chief Executive Officer. “We are pleased that he has chosen to join us at a time when Hecla is at its strongest – most reserves and production in our history – and as we continue to adopt new technologies to improve our productivity and extend mine life, and acquire new high-quality properties.”

Torex Gold Resources Inc. announced that the Company’s Board of Directors has authorized the implementation of the 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, effective June 30, 2016.

Combined with the original private placement, the Company has raised aggregate gross proceeds of approximately C$32 million. The net proceeds of the original private placement and Offering are expected to be used by the Company for capital programs at the Galena Complex and San Rafael Property, debt repayment, working capital and general corporate purposes.

Telson Resources Inc. announces that as a result of a review by the British Columbia Securities Commission, the Company is issuing this news release to clarify the Company’s previous disclosure. Some information in previous Company Management Discussion and Analysis, its website property pages, investor fact sheet, and corporate presentation included mineral resource estimates and preliminary economic assessment disclosures that were not compliant with the standards of disclosure for mineral projects as set out by National Instrument 43-101 and as a result could be misleading.

A total of 66,956,494 votes were cast representing 46.72% of the issued and outstanding common shares as of the record date for the Meeting. All of the proposed candidates were duly elected as directors by shareholders present or represented by proxy.

IMPACT Silver Corp. is pleased to announce that it has completed the third tranche of the brokered private placement announced on May 20, 2016. The third tranche raised $1,375,011 by issue of 2,412,300 Units at a price of $0.57 per Unit. The Corporation also issued 88,000 Units directly to a purchaser, for gross proceeds of $50,160. To date, the Corporation has raised aggregate proceeds of $4,751,235 by the issue of 8,335,500 Units. 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.

Torex Gold Resources Inc. announces the results of its 2016 annual and special meeting of shareholders held in Toronto, Ontario on June 9, 2016. At the Meeting, all director nominees listed in the Company’s management information circular dated May 2, 2016 were elected as directors of the Company.