Levon Resources Ltd. is pleased to announce that the Supreme Court of British Columbia has granted a final order approving the previously announced plan of arrangement involving SciVac Ltd., Levon and 1027949 B.C. Ltd. The granting of the Final Order was a condition to the completion of the Arrangement. The Arrangement was approved by Levon securityholders at a special meeting of Levon held on June 3, 2015.
Marlin Gold Mining Ltd. is pleased to announce that it has completed its previously announced non-brokered private placement of common shares. Pursuant to the Equity Offering, Marlin issued 23,214,286 common shares of the Company at a price of $0.56 per Common Share for aggregate gross proceeds of approximately $13,000,000.
New Gold Inc. is pleased to announce the appointment of Kay Priestly to its Board of Directors.
Levon Resources Ltd. is pleased to announce that Levon’s shareholders and option holders have voted today at the special meeting of Security holders to approve the previously announced plan of arrangement involving SciVac Ltd., Levon and 1027949 B.C. Ltd. The Arrangement was approved by 97.64% of the votes cast by Shareholders and 98.06% of the votes cast by Security holders, voting together as a single class, at the Meeting.
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.
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