John leaves a long, distinguished legacy in our industry and as a member of our Board of Directors for which we are eternally grateful, said Ted Crumley, Heclas Chairman. He will be deeply missed by his fellow Board members and everyone at Hecla. We send our deepest condolences to his family.
Telson Resources Inc. announces that it has completed the second and final closing of the non-brokered private placement pursuant to which the Company issued 6,960,000 units for gross proceeds of $348,000. The Final Closing is part of the Company’s previously announced non brokered private placement of 40,000,000 Units at a price of $0.05 per Unit for gross proceeds of $2,000,000. Each Unit consists of one common share and one half of one transferable share purchase warrant. Each Warrant is exercisable to acquire one additional Share of the Company for a period of two years at a price of $0.05 per Share.
Bacanora Minerals Ltd Tuesday said it is negotiating a number of non-binding agreements with potential offtake partners for the lithium it will produce from the Sonora project in northern Mexico, building on its deal with US-based Tesla Motors earlier this year.
The Sonora Project in Northern Mexico is host to an estimated 9mln tonnes of lithium carbonate, 5mln tonnes of which are in the higher confidence indicated category.
Minaurum Gold Inc. is pleased to announce it has closed the second and final tranche of a non-brokered private placement raising $147,000. With this final tranche, Minaurum has raised a total of $2,654,625. There was no finders fee paid in connection with this tranche.
Silver Spruce Resources Inc. wishes to announce that it has reached an agreement with the owners of the Pino de Plata property in Mexico to extend the first payment of $125,000.00 US that was due on December 1, 2015 to March 1, 2016 and from there continue in accordance with the contract. This extension will allow Silver Spruce the opportunity to further its efforts in raising the required money to begin the work programs at the Pino de Plata project.
GOLDCORP INC. today announced that President and Chief Executive Officer Chuck Jeannes will retire following the Company’s Annual General Meeting in April 2016. David A. Garofalo, currently President and Chief Executive Officer of HudBay Minerals Inc., will succeed Mr. Jeannes as President and Chief Executive Officer and will join Goldcorp’s Board of Directors.
Candente Gold Corp. announces the resignation of Dr. Peter Megaw from his position as Independent Director as of November 26th, 2015 for personal reasons. Dr. Megaw has been a dedicated member of the Board of Directors of Candente Gold Corp since the Company was started in 2009 and prior to that a dedicated member of the Board of Directors of Candente Resource Corp since 2005 and we thank him for his valuable service. Dr. Megaw will remain associated with the Company in the capacity of Consultant which given his extensive knowledge of gold exploration in Mexico we consider to be extremely valuable.
Goldgroup Mining Inc. announces that on November 30, 2015, RMB Australia Holdings Limited has assigned their 80% portion of the Company’s outstanding $10,000,000 secured medium term loan facility to Credipresto SAPI de CV SOFOM ENR, giving Credipresto 100% ownership of the outstanding Facility. Javier Reyes, a director of Goldgroup, is a principle of Credipresto…
Millrock Resources Inc. reports it has increased the non-brokered private placement announced on November 20, 2015. The financing will now consist of up to 8,125,000 units at a price of $0.16 per Unit, for gross proceeds of up to $1,300,000. Each Unit shall consist of one common share of Millrock and one share purchase warrant. Each Warrant will entitle the holder thereof to purchase one additional common share at a price of $0.22 per common share until and including the date which is one year from the closing date, thereafter at a price of $0.30 per common share until and including the date which is two years from the closing date and thereafter at a price of $0.40 per common share until and including the date which is four years from the closing date.
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