Invecture Group, S. A. de C. V. and Kimber Resources Inc. jointly announced today that the parties have entered into a support agreement, pursuant to which Invecture Group has agreed, subject to the terms and conditions of the Support Agreement, to make an offer to acquire all of the outstanding common shares of Kimber for C$0.15 in cash per share by way of a take-over bid.
Orex Minerals Inc. announces that it is undertaking a non-brokered private placement for gross proceeds of up to $5,000,000. The Offering consists of up to 20,000,000 Units of the Company at a price of $0.25 per Unit. Each Unit will consist of one common share and one half of a transferrable common share purchase warrant. Each whole Warrant will be exercisable for one common share at $0.30 for a period of 24 months from closing.
American Consolidated Minerals Corp. announces that it has arranged a non-brokered private placement of up to 10,000,000 units at a price of $0.15 per Unit, for gross proceeds of up to $1,500,000.
Aurcana Corporation is pleased to announce the appointment of Andrew Kaczmarek, Director, as interim Chief Operating Officer effective immediately.
Defiance Silver Corp. has entered into a share exchange agreement with Global Resources Investments Ltd., an arm’s length party to Defiance. Under the agreement, Defiance will issue to GRIL 5,100,000 common shares at a deemed price of 0.10 per share.
US Precious Metals, Inc. in conjunction with our its Joint Venture partners Mesa Acquisition Group LLC/Alba Petroleos De El Salvador Sem De Cv, is pleased to announce the immediate commencement of Phase II development on its Michoacán, Mexico property.
Oceanus Resources Corporation is pleased to announce that diamond drilling has intersected high-grade gold and silver mineralization at both the Santo Nino and Dos Hermanos gold-silver prospects located on the La Lajita property in Durango, Mexico.
Bearing Resources Ltd. is pleased to announce that Minera BRG, S. A. de C.V., Bearing’s wholly owned subsidiary, has entered into a Venture Agreement with Newmont de Mexico, S.A. de C.V , a wholly owned subsidiary of Newmont Mining Corporation allowing Newmont to earn up to an 80% interest in Bearing’s 100% owned Pedro Property located near the town of Mapimi in northeast Durango State, Mexico.
Almaden Minerals Ltd. is pleased to announce the results from Almaden’s ongoing 2013 Ixtaca Zone drill program at the Company’s 100% owned Tuligtic project, Mexico. Almaden has commenced an infill drilling program with two of the three rigs currently drilling on the project. The infill program has been designed to upgrade resources currently in the inferred category to the higher confidence measured and indicated categories. At the same time one drill rig is focussed on step out drilling to expand the resource. The holes announced today show the continuity of high-grade gold silver veining in the Northern Branch of the Main Ixtaca high grade zone defined with previous drilling. Highlights from the holes released today include the following intercepts (a more complete list of intercepts is shown in the table below):
Southern Silver Exploration Corp. has received notice from Freeport-McMoRan Exploration Corporation that its affiliate has acquired an interest in mineral rights within the area of interest under the Earn-In Agreement between Southern Silver and FMEC and has offered to include its interest in the El Sol Concession under the Earn-In Agreement. Southern Silver has accepted the offer and FMECs interest in the 63 hectare El Sol Concession will be incorporated within the agreement, whereby FMEC holds an option to earn a 70% indirect interest in the project by making staged purchase payments and funding exploration and development expenditures of $25 million on the project over a ten year period. FMECs interest in the El Sol Concession is an option to acquire a 100% interest for cumulative payments of $2 million, payable over a three year period. To the extent paid by FMEC, these will be counted as a credit towards its earn-in of the Cerro Las Minitas project.
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