Fortuna Silver Mines Inc. is pleased to announce that it has amended its existing senior secured revolving credit facility with BNP Paribas, The Bank of Nova Scotia, Société Générale and other financial institutions and lenders, to increase the maximum facility amount by US$50 million to US$250 million.
“A bulk sample at Pilar is an important next step in showcasing the head-grade and recovery of gold,” stated Brodie Sutherland, CEO. “We are very fortunate to have access to a local facility with all the needed equipment and support staff to conduct the sample. Planning is now underway to begin the collection and processing of the sample in early 2023.”
This confirms the removal of the Company’s securities from the Stock Market Public Registry and approves the voluntary delisting of its common shares from the Lima Stock Exchange (BVL), effective December 15, 2022.
Osisko Development Corporation is pleased to announce the appointment of David Danziger as an Independent Non-Executive Director to the Company’s Board of Directors, effective December 14, 2022.
“The Copala structure continues to impress with high precious metals grades over very broad widths,” commented Michael Konnert, President and CEO.
“We greatly value the collaboration with Trafigura and financial institutions in this programme, which in addition to benefiting mining companies and their suppliers with attractive financing conditions, brings stability and transparency to the supply chains of a sector of great importance for the Mexican economy by incorporating ESG incentives,” said Héctor de la Garza, CEO of eFactor Network.
Dr. Jamil Sader, CEO and Director comments: “Our exploration at the Jemi Dykes area of the Jemi Project has defined where Monumental will drill to delineate the rare earth, tantalum, and niobium bearing pegmatites. This program has de-risked the geological complexity and provides us with the confidence needed before moving to the next stage, which is drilling.”
Proceeds from the Financing will be used for exploration, working capital purposes and for the ongoing development of the Company’s Magistral project in Mexico including, but not limited to, metallurgical test work, final design and permitting.
“We’re pleased with the additional strong results coming from El Favor. This drilling in the western portion of the deposit increases our confidence in this area, particularly when we see holes like LRGF-22-137,” said Brad Langille, President and CEO.
Regency Silver Corp. is pleased to announce that it has arranged, subject to regulatory approval, a private placement of 10,000,000 common shares at a price of $0.20 per share for net proceeds of CAD$2,000,000.
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