Category: Investor’s Corner

ALIX RESOURCES CORP. announces that it is increasing the non-brokered private placement announced on February 10th, 2016 from four million units to ten million units at a price of $0.05 per Unit for aggregate gross proceeds of $500,000. Each Unit will be comprised of one common share and one Share purchase warrant of the Company. Each Warrant entitles the holder to purchase an additional Share at a price of $0.075 per Share for a period of 12 months. Proceeds from the Offering will be used for general working capital and to advance the Company’s Lithium concessions located in Sonora, Mexico.

MAG Silver Corp. announces the Company’s audited consolidated financial results for the year ended December 31, 2015. For details of the consolidated financial statements, Management’s Discussion and Analysis, Annual Information Form and Annual Report on Form 40-F for the year ended December 31, 2015, please see the Company’s filings on SEDAR (www.sedar.com) or on EDGAR (www.sec.gov). All amounts herein are reported in United States dollars unless otherwise specified.

“Following a productive fourth quarter in 2015, we believe this year is off to a great start with positive developments already coming to fruition. As we continue to await the approval of our ‘Don Diego’ environmental permit, the MINOSA team’s ongoing cooperation and support, in conjunction with the recent agreement with Epsilon, reinforces our belief that MINOSA is the right partner for Odyssey’s offshore mineral exploration business,” said Mark Gordon, Odyssey chief executive officer and president. “Additionally, we recently regained compliance with NASDAQ’s continued listing requirements.”

Mexus Gold US today announced the appointment of Geologist Cesar Lemas as Director of Operations (DOO). Mr. Lemas is a graduate of the University of Arizona with a Masters in Mineral Economics. His experience is vast and includes geological exploration, mine-project valuation and development, geophysics, geochem, metallurgy, mine design, mineral processing, and dry desert placer mining and development. CEO Paul Thompson added, “Cesar Lemas is the perfect person to help Mexus bring its Santa Elena project into production. His knowledge of our property matched with his experience will prove invaluable moving forward.”

Mark Brennan, President and CEO of Sierra Metals commented: “Sierra had a very strong start in 2015 with record production, throughput and strong cash flows. However, the latter part of 2015 has been challenging with weaker financial and production results as a result of lower metal prices and the introduction of important operational improvements, primarily at the Yauricocha Mine. These changes and improvements have temporarily impacted production levels but aim to structurally improve our operations and production capabilities for the longer term.”

Red Tiger Mining Inc. announces that it has changed its auditors from Ernst & Young LLP to MNP LLP.

Kootenay Silver President and CEO James McDonald stated “We are very pleased to have the opportunity to consolidate the ownership of the royalty at this time. Given our belief in La Cigarra’s silver resources and the potential for additional discoveries the opportunity to repurchase the royalty is beneficial to the project.”

Cyprium Mining Corporation is pleased to announce that it has engaged International Mineral Development and Exploration Inc./Compañia Minera Cascabel S.A. de C.V. as technical advisors for the development and exploration program at the Company’s Potosi silver mine located in the historic Santa Eulalia mining district located in the State of Chihuahua, Mexico. IMDEX-Cascabel is led by Dr. Peter Megaw, who is considered an expert on Carbonate Replacement Deposits (CRDs) of which the Santa Eulalia mining district is historically considered the world’s largest example. His doctoral work at the University of Arizona was a comprehensive study of the district and he is very familiar with the Potosi Mine.

GoGold Resources Inc. is pleased to announce that at the annual and special meeting of shareholders held on March 24, 2016, the shareholders re-elected Terence Coughlan, Phillip Gaunce, George Waye, Terrence Cooper and Dana Hatfield as directors of the Company for the forthcoming year. Each director was elected by a majority of the shareholders on a show of hands and the table below presents the votes represented by proxy in respect of the election of each director:

Jim Bannantine, the Company’s President and Chief Executive Officer stated “I am extremely proud of what Aura has achieved in 2015 and into the early part of 2016. 2015 certainly presented challenges operationally, technically and in the commodity markets and the Company has met those challenges as well as revised cost and production targets. We have focused on increasing cash flow optimization from our operating gold assets at San Andres and Sao Francisco and where necessary, internally re-organized and re-strategized to successfully continue servicing our debt burden and maintain our interests in our Aranzazu and Serrote copper projects.