Quaterra Resources Inc. today announced that its previously announced private placement was increased and has closed with the issuance of 6,541,571 units for gross proceeds of US$2,289,550.
Gold Resource Corporation declares its instituted monthly dividend of $0.06 per common share for December 2012 payable on January 23, 2013 to shareholders of record as of January 11, 2013. Gold Resource Corporation is a low-cost gold producer with operations in southern Mexico.
Mexico, the worlds main silver producer, is quickly becoming a key player in the gold market driven mainly by an exploration boom at the Guerrero Gold Belt (GGB), an emerging gold mining district in the south of the country.
Bowmore Exploration Ltd. has closed a 425,000 non-brokered flow-through private placement with Canadian investors consisting of 1,416,666 units at a price of 0.30 per Unit. Each Unitis comprised of one flow-through common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder thereof to purchase one non-flow-through common share of Bowmore at aprice of 0.40 each until June 28, 2014.
South American Silver Corp. is pleased to announce that today it acquired ownership of 15,580,000 common shares of the High Desert Gold Corporation, a company listed on the TSX Venture Exchange. As a result of the purchase, South American Silver Corp. now owns 15,580,000 Common Shares of the Issuer representing approximately 19.9% of the total issued and outstanding Common Shares of the Issuer, based on there being 78,285,233 Common Shares of the Issuer outstanding as of December 28, 2012. Information regarding current issued and outstanding Common Shares of the Issuer is based on information in the Issuer’s news release of December 28, 2012.
Trading in Southridge Enterprises Inc. (SRGE) was halted by the U.S. Securities Exchange Commission two days after the mining company said it was forming a partnership with Canadas Kinross Gold Corp. (K) in Mexico.
Chesapeake Gold Corp. wishes to report on the current status of the pre-feasibility study on its 100% owned Metates project located in Durango State, Mexico. The Metates project is one of the largest undeveloped gold-silver projects in the Americas.
High Desert Gold Corporation is pleased to report that today it closed two non-brokered private placements for gross proceeds of Cdn$3,628,400.
Starcore International Mines Ltd. announces that in 2013 it will focus on increasing shareholder value through exploration and development at its wholly-owned San Martin gold and silver mine in Queretaro, Mexico. In order to achieve this goal, Starcore has scheduled an enhanced exploration program to commence in February 2013, comprised of 5000 meters of drilling to unlock the potential at the San Martin gold-silver mine. To facilitate this objective for 2013, the Company has renegotiated its loan facility with Sprott Resource Lending Corp. whereby Starcore will not be required to make any further principal payments on its outstanding loan with Sprott Lending until October 31, 2013. The Company and Sprott Lending have amended the terms of the outstanding credit facility to allow Starcore the flexibility to make one balloon payment by October 31, 2013, thus enabling the Company to immediately allocate surplus revenue to exploration.
Baja Mining Corp. is pleased to announce the appointment of Nigel Kirkwood as Chief Financial Officer, effective December 27, 2012.
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