Torex Gold Resources Inc. has announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets, under which the underwriters have agreed to buy on a bought deal basis by way of a short form prospectus, 175,000,000 units each unit consisting of one common share and one quarter of one common share purchase warrant, at a price of C$2.00 per Unit for gross proceeds of C$350 million (the “Offering”). Each whole common share purchase warrant will entitle the holder to purchase one common share of the Company at a price of $2.65 prior to the date which is 12 months following the closing of the Offering. The Company has granted the Underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any. The Offering is expected to close on or about October 23, 2012 and is subject to the Company receiving all necessary regulatory approvals.

Further to news release dated September 10, 2012, Defiance Silver Corp is pleased to announce that it has closed the second and final tranche of its amended private placement with the issuance of 1,675,000 units at a price of $0.20 per Unit for gross proceeds of $335,000. These units are subject to a four month hold period expiring four months from the date of issue. Gross proceeds from the two tranches totals $883,300. This amount includes an oversubscription of $383,300.

Mercator Minerals Ltd. is pleased to announce that it has entered into a mandate with RMB Resources Inc (“RMB”), the resource financing division of the FirstRand Group of South Africa, to arrange up to $30 million in a corporate debt facility to repay the Company’s C$25.0 million pre-construction credit facility due January 2013.

Alamos Gold Inc. is pleased to announce that as part of the Company’s long-term strategy to maximize shareholder value, the Company’s Board of Directors has declared a semi-annual dividend of $0.10 per common share. The dividend is payable on October 31, 2012 to shareholders of record as of the close of business on October 15, 2012. This dividend qualifies as an “eligible dividend” for Canadian income tax purposes.

QRS Capital Corp. is pleased to announce that it intends to complete a non-brokered private placement of up to 2,500,000 units at a price of $0.20 per Unit for gross proceeds of up to $500,000. Each Unit will consist of one common share and one half of one common share purchase warrant. Each such Warrant will entitle the holder to purchase one common share of the Company at a price of $0.40 per common share for a period of 24 months from the closing date of the Private Placement.

Southridge Minerals, Inc. is pleased to announce it has added the expertise of Mexican industry professionals Mr. Alejandro De Leon Garcia, Mr. Alfonso Sanchez Navarro and Mr. Salvador Martinez Moreno to its board of Directors.