Category: Investor’s Corner

PREMIER GOLD MINES LIMITED is pleased to announce that it intends to complete a non-brokered private placement of common shares at a price of Cdn$2.35 per share, for aggregate gross proceeds of up to approximately Cdn$20,000,000. Goldcorp Inc. will participate in the private placement in the amount of Cdn$12.5 Million.

Oceanus Resources Corporation is pleased to announce that it has undertaken a non-brokered private placement financing to raise a minimum of $1,000,000 and a maximum of $1,500,000 by the sale of units of the Company at a price of $0.20 per unit.

Goldgroup Mining Inc. today announces that it has agreed to amend the payment terms for theUS$1,000,000 balance of principal remaining owing from the US$1,500,000 promissory note issued by the Company to Oroco Resource Corp. pursuant to terms of the Cerro Prieto property sale. Goldgroup has issued the Oroco two promissory notes in replacement of the Note. The first note, in the principal amount of US$250,000, is payable on demand. The second, in the principal amount ofUS$750,000, is payable on or before September 15, 2015. Both new promissory notes bear 8% annual interest, payable monthly in arrears.

Certain minority shareholders, writing on behalf of investors who collectively own approximately 5.5% of common shares (based on the diluted shares outstanding prior to a proposed private placement), sent a letter to the Board of Directors of Aura Minerals Inc. detailing their disapproval of capital allocation, management entrenchment and the inability or unwillingness to take actions necessary to maximize the per share value of Aura’s equity.

“The first quarter financials reflect the status of the Rosario Mine being shut-down during the quarter. During this first quarter, we took the opportunity to complete a major overhaul and refurbishment of key mill circuits. In addition, we restructured our underground mine contract in order to achieve improved mining costs and efficiencies, with fewer personnel. Further, the Company implemented and permitted an alternative solution for tailings disposal, secured the damaged discharge pipe, and upgraded the factor of safety at the tailings embankment. That being said we have subsequently resumed operations at Rosario in the second quarter.” said Arturo Préstamo, President and CEO…

Marlin Gold Mining Ltd. is pleased to announce a proposed non-brokered private placement of common shares. Pursuant to the Equity Offering, Marlin expects to issue up to 23,214,286 common shares at a price of $0.56 per Common Share for aggregate gross proceeds of up to approximately $13,000,000.

Red Tiger Mining Inc., today reported its financial and operating results for the three months ended March 31, 2015 . This press release should be read in conjunction with the Company’s unaudited Financial Statements for the three months ended March 31, 2015 and Management’s Discussion and Analysis for the corresponding period, available on the Company’s website atwww.redtigermining.com and on SEDAR at www.sedar.com.

McEwen Mining Inc. and McEwen Mining – Minera Andes Acquisition Corp. are pleased to announce the results of their annual general meetings held on May 28, 2015. McEwen Mining reports that Robert McEwen , Allen Ambrose ,Michele Ashby , Leanne Baker , Richard Brissenden , Gregory Fauquier , Donald Quick andMichael Stein were elected as directors of McEwen Mining…

Energold Drilling Corp. announces first quarter 2015 revenue of $19.6 million compared to $37.0 million in the first quarter of 2014. The majority of the decline in revenue on a year-over-year basis is due to lower oil prices which impacted activity in the Energy division leading to an earlier than expected end to the winter drilling season as some customers reduced some work programs and began to cut price mid-quarter…

Bacanora Minerals Ltd Monday said it swung to a profit in the third quarter of the financial year on the back of a foreign exchange gain, but its loss for the first three quarters of the year still widened on the back of higher costs.