Catalyst Copper Announces Receipt of $1.2 Million in Loans, Repayment of Convertible Notes, Stock Option Re-Pricing, and Adoption of Advance Notice Provisions

Catalyst Copper Corp. announces that it has entered into loan agreements with several private lenders, including an insider of the Company, the Radcliffe Foundation, for an aggregate amount of $1.2 Million bearing interest at a rate of 10% per annum, compounded monthly in arrears. The principal amount of the Loans is due and payable on December 31, 2014. The Company has executed a security agreement in favour of the Lenders granting a first security interest in all present and future undertaking and property of the Company to the Lenders.

Scorpio Mining Reports Fourth Quarter and Year-End Financial Results for 2013

Scorpio Mining Corporation today reported its financial and operating results for the fourth quarter and year ended December 31, 2013. This press release should be read in conjunction with the Company’s audited Financial Statements and Management’s Discussion and Analysis for the year ended December 31, 2013, as available on the Company’s website at www.scorpiomining.com and on SEDAR at www.sedar.com. All monetary figures are expressed in Canadian dollars unless otherwise specified.

Primero Added to NYSE Arca Gold Miners Index

Primero Mining Corp. is pleased to announce that the Company will be included in the NYSE Arca Gold Miners Index (GDM), the preeminent index covering the gold mining industry and the S&P/TSX Equal Weight Global Gold Index, a subset of the S&P/TSX Global Gold Index.

Torex Announces The Appointment Of A New Chief Financial Officer

Torex Gold Resources Inc. announced today that Andrew Gottwald, CFO of the Company since its inception four years ago, will be leaving Torex to pursue other interests. The Company has appointed Jeff Swinoga as its new Chief Financial Officer, effective April 7th, 2014.

AuRico Gold Announces Pricing of $315 Million Senior Secured Second Lien Notes Offering

AuRico Gold Inc. today announces the pricing of its private offering of $315 million aggregate principal amount of Senior Secured Second Lien Notes due 2020. The Notes were issued with a coupon of 7.75% and sold at 96.524% of par, and are expected to result in net proceeds to the Company of approximately $297 million, after deducting the initial purchasers’ discounts and estimated offering expenses payable by the Company. The offering is expected to close on or about March 27, 2014. AuRico intends to use the net proceeds of the Notes to repurchase its Convertible Notes due 2016 that are tendered to AuRico’s offer announced March 6, 2014 to purchase any and all of its Convertible Notes, to fund principal and interest payments on any Convertible Notes that remain outstanding following the offer to purchase, to repay amounts outstanding under its existing senior secured credit facility and for general corporate purposes, which may include funding capital expenditures to support organic growth.

All News