The Company also confirms that at its annual general meeting held on May 12, 2015, on a vote by show of hands, the individuals noted below were elected as the Directors of the Company, and if the matter had been voted by ballot, the following would have been the results:
Morro Bay Resources Ltd. is pleased to announce it has closed the first tranche of the non-brokered private placement announced July 29, 2015. The First Tranche consisted of the issuance of a total of 2,000,000 Units at a price of $0.05 per unit for gross proceeds of $100,000. The Private Placement remains open for further subscriptions.
Fred Stanford, President and CEO of Torex said: “With construction currently 80% completed, and with mining ahead of schedule with over one million tonnes of ore in stock pile, we are well on track for our first gold pour by the end of this year. Engineering and procurement are effectively completed and a workforce of over 3000 is rapidly turning that engineering and material into a productive asset. The processing buildings have been erected and the major pieces of equipment have been placed within the buildings…”
YAMANA GOLD INC. declared a third quarter 2015 dividend of $0.015 per share. Shareholders of record at the close of business on September 30, 2015 will be entitled to receive payment of this dividend on October 14, 2015. The dividend is an “eligible dividend” for Canadian tax purposes.
Highvista Gold Inc. announces that Mr. Gareth Noonan and Mr. Thomas W. Meredith have been appointed to the Corporation’s board of directors effective July 28th, 2015.
Southern Silver Exploration Corp. reports that at the Company’s extraordinary general meeting held on July 29, 2015 shareholders voted to approve an earn-in agreement with an insider shareholder. Voting by disinterested shareholders was unanimous in favour of the resolution which was required on the basis that the shareholder has the right to acquire a 60% interest in the Company’s Cerro Las Minitas mineral property as detailed below and such shareholder approval was required to comply with TSX-V policy.
Norvista Capital Corporation announces the following appointments to its management team and Board of Directors. Mr. Gerald P. McCarvill, after leading Norvista and its predecessor company since 2008, has tendered his resignation as Chairman and Chief Executive Officer of the Company. Mr. Stan Spavold, currently a director and Chair of the Audit Committee of Norvista, has been appointed as Chairman of the Board and Mr. Donald H. Christie, currently President and Chief Operating Officer of Norvista, has been appointed as President and Chief Executive Officer of the Company.
“Goldcorp’s excellent second quarter results underscore the growing strength and quality of our mine portfolio,” said Chuck Jeannes, Goldcorp President and Chief Executive Officer. “Higher gold grades at Peñasquito and a continued strong ramp-up at Cerro Negro drove record quarterly gold production and more than offset the slower-than-planned ramp-up at Éléonore. In addition, a continued focus on cost efficiency and productivity enhancements along with favorable currency effects continued to push costs lower…”
Bruce Bragagnolo, CEO of the Company, stated We reached a record stacking rate for the quarter of 24,754 tonnes per day. The increase in throughput has helped to offset the decrease in grade from the prior year. Gold recoveries are projected to be faster in Q3 2015 as we move from the top of the current pads to new pads. Construction of new leach pads is complete and the Company is now stacking ore on the new pads. This will result in faster recoveries in H2.
Morro Bay Resources Ltd. announces that it is arranging a non-brokered private placement for a minimum of 1,000,000 and a maximum of 40,000,000 units. Each unit will be comprised of one common share of the Company and one common share purchase warrant.
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