Due to heavy demand, the Company has determined to increase the total amount of the recently announced concurrent non-brokered private placement from 3,222,222 units of the Company at a price of C$0.45 per unit to 6,126,167 units for gross proceeds of C$2,756,775.
“This is an exciting time for Apollo Silver as the addition of Cinco de Mayo marks the beginning of our transformation as a Company. We have successfully mitigated single asset risk by now boasting a portfolio of two exciting projects in two pro-mining jurisdictions,” commented Chairman and Interim CEO, Andrew Bowering.
Proven and Probable mineral reserves are estimated to contain approximately 96,298 ounces of gold and 710,435 ounces of silver for a total of 104,962 ounces of Au equivalent.
“This funding represents a significant step forward in the research of gastrointestinal cancers,” said President & CEO John McCluskey.
John Skeet, Mithril’s Managing Director and CEO commented: “With the exceptional dill results combined with our recent LiDAR survey, district access road upgrade works and development of the district geologic model, Copalquin continues to progress as another significant gold-silver district in Mexico’s prolific Sierra Madre Trend.”
Coeur Mining, Inc., a company specializing in gold and silver mining, announced the immediate resignation of its director, Robert Krcmarov, on Monday.
Auxico Resources Canada Inc. announces the resignation of Melissa Sanderson and Byron King from the Board of Directors of Auxico, effective immediately.
Orex Chairman Adam Cegielski notes: Both John Eren and Chris Beltgens bring a wealth of strategic proficiency and leadership acumen to Orex. John has had tremendous success with junior resource companies, raising significant capital and directing very effective business development strategies. Chris brings significant corporate strategy and capital markets experience to the team. The Board looks forward to collaborating with them both to drive value for Orex shareholders.”
The Plata Verde drill program comprised 13 holes for a total of 2400m of diamond core drilling. The drill holes cut several zones of low-grade silver mineralization, but unfortunately did not intersect zones of significant silver mineralization. Due to the limited economic potential, Minera San Julian has withdrawn from the partnership and Radius is in the process of returning the property to the underlying owners.
Vizsla Silver Corp. is pleased to announce that it has completed its previously announced bought deal public offering of 25,000,000 common shares of the Company at a price of C$2.60 per Common Share for aggregate gross proceeds of C$65,000,000.
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