Tarsis Resources Ltd. is pleased to announce that the financing announced on September 16, 2012 has been oversubscribed. As a result, the offering has been increased from $502,500 to $1,030,500 and is fully subscribed.
Kimber Resources Inc. today reported its financial results for the year ended June 30, 2012, announcing a net loss of $3.56 million or four cents per share for the fiscal year, compared with a net loss of $2.96 million or four cents per share for the previous year.
Wealth Minerals Ltd. is pleased to announce that geological mapping and sampling at the Valsequillo property has provided confirmation of bulk-tonnage potential. In the Western Corridor (Figure 1, Table 1), discovery of additional veins and silicified fault zones now outlines a priority target area measuring approximately 900 metres long and 1,000 metres wide. Sampling of artisanal workings (29 samples) returned encouraging grades peaking at 494 g/t silver, 1.07 g/t gold, 11.9% zinc, 4.09% lead and 9.47% copper (data ranges and mean grades are provided in Table 1). Phase II exploration is now being planned with the goal of defining priority targets for drill testing.
Goldcorp Inc. is pleased to declare its tenth monthly dividend payment for 2012 of $0.045 per share. Shareholders of record at the close of business on Friday, October 12, 2012 will be entitled to receive payment of this dividend on Monday, October 22, 2012. Goldcorp has paid a monthly dividend to its shareholders since 2003. Canadian resident individuals who receive dividends from Goldcorp after 2005 are entitled to an enhanced gross-up and dividend tax credit on such dividends.
Cream Minerals Ltd. announces that the NI 43-101 Updated Technical Report supporting the revised mineral resource estimate for its Nuevo Milenio Silver-Gold Project, Nayarit State, Mexico announced in the Company’s news release dated July 30, 2012, has been filed on SEDAR.
Torex Gold Resources Inc. is pleased to announce that it has filed a technical report prepared in accordance with National Instrument 43-101 in support of the Company’s September 4, 2012 news release, which included a mineral reserve estimate at its Morelos Gold Project in Mexico.
Oremex Silver Inc. today announced that it has closed the equity portion of the non-brokered private placement previously disclosed by the Company on September 7, 2012. The Equity Private Placement raised gross proceeds of $750,000 through the issue of 13,636,364 units of the Company, each Share Unit consisting of one common share and one common share purchase warrant, at a purchase price of $0.055 per Share Unit. Each Warrant is exercisable into Shares at a price of $0.10 per Share, expiring in five years from the date of issue.
Alphamin Resources Corp. is pleased to announce that it has transferred the “Aurora” concessions in the area of Coyuca de Catalan, Guerrero State, to Cigma Metals Corporation.
Scorpio Mining Corporation today announced an independent updated Mineral Resource estimate for its 100% owned San Rafael Development Project in Sinaloa State, Mexico completed by Mine Development Associates of Reno, Nevada (“MDA”).
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.
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