Sonoro Gold Corp. is pleased to announce that it has closed the first tranche of its previously announced C$3,000,000 non-brokered private placement by issuing 17,000,000 units at a price of C$0.10 per Unit, for gross proceeds of up to C$1,700,000.
Prime Mining Corp. Chief Executive Officer Daniel Kunz commented, “Today’s exciting results from Z-T are significant as they further demonstrate high-grade mineralization at depth, and open significant potential for mineralization in these currently untested gaps. These are among the highest grades and deepest intercepts we have encountered at Z-T to date.”
The proceeds of the Offering will be used exclusively for qualifying Canadian Exploration Expenditures (“CEE”) (as such term is defined in the Income Tax Act (Canada), in conducting an exploration and mineral resource evaluation program on the Silvertip Property in British Columbia to determine the existence, location, extent, and quality of the silver, lead, and zinc on the Silvertip Property.
Shawn Howarth, President and CEO, commented: “We continue to advance our proposed acquisition of La Negra, though recent market conditions have made the associated previously announced subscription receipts financing challenging.”
“I remain excited about Odyssey’s future as the company continues exploring the ocean for critical mineral resources in increasingly high demand. Odyssey is in a better position now to continue transitioning towards leadership in marine mineral exploration and investment,” said Mr. Jones.
Gold Resource Corporation announces Joe Driscoll, Independent Director of the Board of Directors, has resigned from the Board, effective immediately, in order to devote more time to other personal and professional interests.
Canuc Resources Corporation is pleased to announce closing of a first tranche of a non-brokered private placement financing, raising gross proceeds of $1,285,000 CAD through the issuance of 16,062,500 units at $0.08 per unit.
Oroco Resource Corp. is pleased to announce that it has filed a report titled Santo Tomas Project NI 43-101 Technical Report Mineral Resource Estimate” prepared in accordance with National Instrument 43-101 – Standards of Disclosure of Mineral Projects.
Dr. Craig Gibson, President and CEO commented: “Prismo is in the very enviable position of having three fully funded drilling campaigns this year, thanks to our strong liquidity position. Drilling is currently underway at our Palos Verdes silver project, drilling will commence shortly at our Los Pavitos gold project and we expect to be drilling our Hot Breccia copper project in the third quarter.”
Shareholders approved the fixing of the number of directors at seven and re-elected the following directors pursuant to a vote by show of hands.
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