Aurcana Corporation is pleased to announce that it has accepted an indicative terms sheet from RK Mine Finance, part of the Red Kite Group, one of the largest metal merchants in the world, for an unsecured 3 year loan facility of $50 million and silver Offtake Agreement for the silver produced at the Shafter mine.
Goldgroup Mining Inc. announced today that its Board of Directors has appointed Chairman & Director, Mr. Keith Piggott, as President and Chief Executive Officer, replacing Dr. Hans von Michaelis. Dr. von Michaelis has resigned as the Company’s President and CEO to pursue other business interests but remains a committed member of its Board of Directors. Mr. Piggott has a proven track-record of operating companies efficiently through difficult economic times and is also the Company’s largest shareholder.
The stock is reacting to news that the junior explorer had received the title certificates for its 100% owned Cibola and Coatepec concessions, and expects the Olinala concession to be granted in the coming months. Collectively, the three concessions overlap a combined surface area of 137,546 hectares in the Mixteca Terrane of eastern Guerrero State, Mexico. The company expects that exploration of these concessions will start in the fall of 2013.
Primero Mining Corp. is pleased to announce the appointment, effective June 26, 2013, of Mr. Brad Marchant as an independent director to its Board of Directors.
Tarsis Resources Ltd. is pleased to announce that option partner Osisko Mining Corporation has advised that its exploration team commenced work in May 2013 at the Erika property.
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) announced today that its Board of Directors has appointed Gerald J. Ford to the newly created position of lead independent director effective June 25, 2013.
Baja Mining Corp. is pleased to announce that it has entered into an option agreement whereby it can earn up to an 80% interest in Cinto Colorado S. de R.L. de C.V., a private Mexican company. Cinto’s main asset is a surface lease which entitles Cinto to process and/or sell tailings and slag now stored on the lands subject to the Lease. Baja’s preliminary due diligence review indicates the tailings and slag contain significant residual copper and cobalt.
Guerrero Exploration Inc. has received the title certificates for its 100% owned Cibola and Coatepec concessions, and expects the Olinala concession to be granted in the coming months.
Aurcana Corporation is pleased to announce the results of its Annual and Special Meeting of Shareholders held on June 25, 2013.
VANE today announces its intention to raise £1,399,000 by way of a conditional subscription arranged by its incoming CEO.
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