Category: Investor’s Corner

BACANORA MINERALS LTD., the Canadian and London listed company that is developing the Sonora Lithium Project in northern Mexico, announces that David Lenigas has resigned from the Board with immediate effect.

Prospero Silver Corp.: Further to the Company’s news release of December 3, 2015; the Company wishes to report that the non-brokered private placement first announced on October 22, 2015 of 4,000,000 units at a price of $0.075 per Share, for gross proceeds of CDN $300,000 was completed with an aggregate of 3,763,333 shares being subscribed for, with gross proceeds of $282,249.98. Each Unit consists of one common share of Prospero and one non-transferable share purchase warrant exercisable for a term of 5 years. Each Warrant will entitle the holder thereof to purchase one Share at an exercise price of $0.12 per Share.

GoGold recorded revenue of $12.5 million from the sale of 825,236 silver equivalent ounces since declaring commercial production on March 1, 2015 at the Company’s Parral operation during the year ended September 30, 2015.

* The shutdown at Velardena has progressed on time and below cost projections, due primarily to reduced severance costs as a number of employees have been assigned to work at the oxide plant, which is leased to a third party
* The Company has received an $800,000 tax refund related to activities of ECU Silver Mining, prior to its acquisition by the Company in September 2011
* The Company has received a $500,000 payment under the oxide plant lease earlier than expected, as required permits have been obtained and ore processing has commenced in December

Red Tiger Mining Inc., is pleased to announce that it has closed on 16,336,664 common shares of its previously announced private placement for approximately CAD$816,833 (or CAD$0.05 per common share).

Additionally, Red Tiger announces that it has resumed mining operations at the Luz del Cobre mine. Mining had previously been suspended in November 2014 due to the presence of clay material, which was stacked on the leach pad.

Evrim Resources Corp. announces that it has closed the non-brokered private placement announced on November 18, 2015. The Company has issued 12,568,800 units for gross proceeds of $1,508,256. Each Unit consisted of one common share and one non-transferable share purchase warrant. Each Warrant is exercisable into one common share at a price $0.25 until December 16, 2020.

Oroco Resource Corp. announces that it has received a Dismissal Order with regard to the remaining claims by Sonoran Resources LLC. and SR Servicios Mineros, S.A. de C.V.’s against the Company and Minas de Oroco Resources, S.A. de C.V. The Order, which dismisses the matter with prejudice, was issued as a result of a settlement agreement between all the parties to the matter pursuant to which the Company agreed to pay Sonoran $49,000 in full settlement of all Sonoran claims, which originally were in excess of US$3,000,000. The Company has paid the first half of this amount, with the balance due on January 31, 2016.

Chesapeake Gold Corp. wishes to report on the current status of the updated pre-feasibility study on its 100% owned Metates project located in Durango State, Mexico. Chesapeake and M3 Engineering &Technology together with several industry leading international consultants have finished all of the engineering studies and are near completion of all capital and operating cost estimates related to the updated PFS. The Metates project hosts one of the largest undeveloped gold, silver and zinc reserves in the world not controlled by a major gold producer.

“This agreement allows Odyssey to immediately monetize shipwreck assets, continue to perform world-class deep-ocean shipwreck search, archaeology and recovery, and to retain upside potential from the assets we’ve created over the past 20 years,” said Mark Gordon, Odyssey’s CEO. “I’ve stated for the past nine months that although we intended to focus corporate capital on the mineral exploration side of the business, we do not intend to abandon our shipwreck roots…”

McEwen Mining Inc. is pleased to announce that Andrew Elinesky has been promoted to Senior Vice President & Chief Financial Officer, and Andrew Iaboni has been promoted to Vice President, Finance.

“I’m delighted to announce these two key appointments. Andrew Elinesky and Andrew Iaboni bring a great deal of knowledge and experience about our current and future operations, a strong work ethic, and technical financial expertise necessary for these demanding finance positions,” said Rob McEwen, Chairman and Chief Owner.