* Definitive agreement on KM66 property executed
* Geological work to commence at KM66 next week
* Mr. John LaGourgue appointed as Chief Executive Officer
Bacanora Minerals Ltd. today reported that the Company is proposing a revised private placement financing for aggregate gross proceeds of up to $3,500,000 of units of the Company at a price of $0.30 per unit. Each unit will consist of one common share and one-half of one common share purchase warrant, with each whole warrant being exercisable into one common share at a price of $0.45 for a period of five (5) years. Pursuant to press release dated February 21, 2013, the Company had previously proposed to that the warrants have an expiry period of four (4) years. This proposed financing will supersede and replace the prior announced financing.
Pacific Comox Resources Ltd. reports it is carrying out a C$ 375,000 non-brokered private placement of secured, non-convertible, promissory notes. The funds raised will be used to advance the Companys test of its gold/silver heap leach at the Mabel project in northern Sonora State, Mexico, and general corporate purposes. The financing is subject to regulatory approval.
Pershimco Resources Inc. is pleased to announce the appointment of Mr. John Kapetas and Mr. Octavio Choy to the newly created positions of Vice-President Exploration and Vice-President Latin-America, respectively.
Lake Shore Gold is selling all of its Mexican properties to Revolution Resources so that it can keep its management team and finances focused on its Canadian assets.
Galore Resources Inc. proposes to extend by a further six months, the expiry date of the following share purchase warrants:
Mexico’s new government is considering relaunching an abandoned rescue effort to reach the bodies of 63 miners in a coal mine in northern Mexico since 2006, one of the worst mining disasters in the country’s history.
Bacanora Minerals Ltd. is pleased to announce the terms of a proposed private placement financing for aggregate gross proceeds of up to $3,500,000 of units of the Corporation at a price of $0.30 per unit. Each unit will consist of one common share and one-half of one common share purchase warrant, with each whole warrant being exercisable into one common share at a price of $0.45 for a period of four (4) years.
Almaden Minerals Ltd. announces that it has commenced a diamond drill program on its 100% owned El Cobre porphyry copper-gold project in Veracruz State, Mexico. Drilling has been planned to test various geophysical and geochemical anomalies within this extensive porphyry copper-gold system. The drill program consists of one drill capable of drilling to >1,000 meters depth. An initial 5,000 meters is planned, comprised of 5 to 8 >500 meter deep holes.
High Desert Gold Corporation is pleased to announce today the appointment of Mr. Joshua Kingsmill as a Director of the Company. Mr. Kingsmill brings an investment banking and wealth management background to the board of the Company. He was the lead investment banker who took the Company public in 2007 and has been involved in more than 100 corporate finance transactions in both Canada and London, England. Mr. Kingsmill provides both strategic and investment advice to private and institutional clients in his current role as an investment advisor with BMO Nesbitt Burns. He holds an MBA from the University of Toronto’s Rotman School of Management, a Master’s from the Sorbonne and an undergraduate degree from Quebec City’s Laval University.
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