Flinders Resources Limited and Big North Graphite Corp. announce that further to the joint news release of October 21, 2014, and November 3, 2014, the companies have agreed to further extend the due diligence period to January 30, 2015. As a result, the entering into a definitive agreement to incorporate the terms of the binding letter agreement dated August 29, 2014 has also been extended to January 30, 2015.
The Board of Directors of San Marco Resources Inc. announces the appointment, effective today, of Mr. Bernie Zacharias as the Company’s Chief Financial Officer and Ms. Barbara Henderson as the Company’s Corporate Secretary. These appointments follow the resignation of Julie Capstick from the positions of CFO and Corporate Secretary in order to pursue an alternative career opportunity. The Board of Directors thanks Ms. Capstick for her dedicated and professional service to the Company over the past four years.
Santacruz Silver Mining Ltd. reports that it has amended the previously announced US$28.4 million Pre-paid Silver Purchase Agreement with JMET, LLC wherein the Company had agreed to sell 4,635,000 ounces of silver through August 2019, subject to certain adjustments relating to metal prices. The original agreement was announced in a news release on September 18, 2014.
The most obvious change has been to rebrand the Company as Calissio Resources Group Inc., from the previous name Amarium Technologies Inc.. The name change was enacted to more appropriately and clearly reflect the operations of Calissio as a mineral producer based in Mexico, and not a technology company, as the previous name suggested.
Coeur Mining Inc, the biggest U.S. producer of silver, is in advanced negotiations to acquire Paramount Gold and Silver Corp, according to people familiar with the matter, as it seeks to expand its mining footprint in Mexico.
Westminster Resources Ltd. announces a non-brokered private placement of up to 15,000,000 units at $0.05 per unit to raise gross proceeds of up to $750,000. Each unit will be comprised of one common share and one common share purchase warrant. Each two common share purchase warrants will entitle the holder to purchase one common share at $0.10 per share with an expiry date of two years from the closing of the private placement. A finders’ fee commensurate with TSX.V policies will be paid where applicable.
Baja Mining Corp. announces that it has been advised by Minera y Metalúrgica del Boleo, S.A. P.I. de C.V. and Korea Resources Corporation that MMB has completed the issuance of a CHF100 million corporate bond with a fixed annual interest rate of 0.75% and repayment due November 12, 2019, fully backed by a KORES guarantee, which was swapped for a US$105 million bond with a fixed annual interest rate of 2.69%. MMB has further advised the Company that it has used approximately US$50 million of the bond proceeds to repay in full the US$50 million corporate bank loan bearing interest at LIBOR plus 0.8%, as detailed in the Company’s news release on August 25, 2014.
Agnico Eagle Mines Limited is pleased to announce today the completion of the previously announced plan of arrangement pursuant to which Agnico Eagle has acquired 100% of the issued and outstanding common shares of Cayden Resources Inc., including common shares issuable on the exercise of outstanding options and warrants of Cayden. Cayden is now a wholly-owned subsidiary of Agnico Eagle.
War Eagle Mining Company Inc. announces that the TSX Venture Exchange has accepted for filing the Company’s issue of 4,540,000 common shares at a deemed price of $0.05 per share to settle outstanding debts of $227,000. The settlement shares to be issued to two insider creditors of the Company in excess of 700,000 common shares each will require disinterested shareholder approval at the Company’s upcoming annual general meeting.
Energold Drilling Corp. is pleased to announce third quarter 2014 revenue of $20.2 million across three business divisions, representing a 21.9% increase over revenue of $16.6 million in the third quarter of 2013. The Company’s combined gross margin increased to 9.7% during the period compared to (4.5)% in the same quarter in 2013. The adjusted net loss** in the third quarter for 2014 was $4.8 million or $(0.10) per share compared to net loss of $6.8 million or $(0.14) per share in 2013.
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