Rare Earth Minerals Plc announces a funding of £7 million by way of a Placing and an Equity Swap Agreement with YA Global Master SPV, Ltd. at 0.9 pence per share. YAGM have contractually agreed that the effective date of the Swap Agreement commences on 1 February 2015.
Fortuna Silver Mines Inc. is pleased to announce Board approval of two major capital projects for 2015 at the San Jose Mine in Mexico: mill expansion from 2,000 to 3,000 tonnes per day and construction of a dry stack tailings deposit and filter facility. The company is in a strong financial position to meet its capital budgets from operating cash flows and available liquidity.
Paramount Gold and Silver Corp. and Coeur Mining, Inc. have entered into an agreement and plan of merger, dated as of December 16, 2014 pursuant to which Coeur will acquire all of the issued and outstanding shares of common stock of Paramount and the San Miguel Project. As a condition to closing the Merger, the shares of Paramounts subsidiary holding its Nevada mining assets will be spun-off to holders of the Companys common stock.
Riverside Resources Inc. announces that it has granted a total 1,087,000 incentive stock options to certain Directors, Consultants and Officers of the Company. The Options are exercisable at $0.27 per share for a period of five years from the date of grant. The Options were granted pursuant to the Company’s shareholder-approved stock option plan and are subject to the policies of the TSX Venture Exchange and any applicable regulatory hold periods.
Aurcana Corporation wishes to report that it has accepted the resignation of Lenic Rodriguez from the Board of Directors.
Santacruz Silver Mining Ltd. regrets to announce that a fatal accident occurred at the Rosario Mine in the State of San Luis Potosi, Mexico over this past weekend. An employee of a contractor was fatally injured while undertaking maintenance on Ball Mill #1 at the Rosario Mine.
San Marco Resources Inc. has signed a two year option agreement with Argonaut Gold Inc. of Toronto, Ontario to acquire a 457 hectare concession that contains a number of established gold targets in the El Chunibas area of the Cuatro de Mayo District in northern Mexico. Under the terms of the agreement, San Marco can earn a 100% interest in this concession by paying Argonaut a total of $50,000 over two years ($10,000 within 90 days, $15,000 on the first anniversary and $25,000 on the second anniversary). Argonaut will retain a one percent NSR royalty on any future production.
Almaden Minerals Ltd. announces that it will be deferring shareholder approval of the spin-out of its early stage exploration projects, royalty interests and certain other non-core assets, which was originally announced in the Company’s October 21, 2014 news release, to the Company’s 2015 annual general meeting. The AGM is expected to be held on or about June 2015. Shareholder approval is being deferred to avoid the expense of an additional shareholders’ meeting and to allow more time for an internal restructuring of the projects, royalty interests and assets to be spun out. The Company considers the deferral to be a prudent cost saving opportunity given the market conditions while also providing shareholders more time to better understand the corporate reorganisation and its merits before voting. The Company remains committed to the spin-out and does not believe that the deferral of the shareholder vote will place the transaction at risk, although current market conditions are very challenging and have worsened since the original spin-out announcement. The Company will continue to monitor the market while it completes the internal restructuring and will provide updates accordingly.
Northair Silver Corp. is pleased to announce that the 2014 drilling program at its flagship La Cigarra silver project located in Chihuahua, Mexico has been completed and all results are compiled and under review. The Program consisted of seventeen core holes totaling 4,860 metres. Drilling was distributed over several property wide targets with most work directed at in-filling and expanding the known San Gregorio and Las Carolinas resource area. Subsequent to the Program, Northair currently has a cash balance position of just under C$5.0 million.
Cortez Gold Corp.is pleased to report it has completed construction of its gold and silver processing plant in Matehuala, Mexico, which is owned by the Company’s Mexican subsidiary, Altiplano Goldsilver S.A. de C.V.
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