Update on Trading Halt and Progress Towards Completion of the Ana Paula Acquisition
February 2, 2023
Heliostar Metals’ shares remain in a trading halt due to our acquisition of Ana Paula from Argonaut Gold.
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Heliostar Metals’ shares remain in a trading halt due to our acquisition of Ana Paula from Argonaut Gold.
Tony Makuch, CEO, commented: “Our graduation to the main board of the Toronto Stock Exchange reflects the significant progress we have made in advancing our Cordero silver project and the resulting growth and maturity of our Company.”
GR Silver Mining Ltd. announces today that it has accepted the resignation of Jonathan Rubenstein from the Board of Directors of the Company.
Richard Lock, Oroco’s CEO, commented: “We are extremely encouraged by our current drilling results. They are beginning to confirm the mineralization which was indicated by the historical drilling in the South Zone, therefore adding to the impressive results from our North Zone drilling program. We anticipate that these results will come together very positively in support of our Preliminary Economic Assessment, which is expected in the second quarter of 2023.”
Paddy Nicol, Orogen’s CEO, commented: “Orogen’s project generation business continues to produce transactions focused on partner-funded exploration activity and royalty creation. Despite the challenging equity market, our junior exploration partners have spent over $5 million to advance our projects with encouraging results coming from Nevada.
“We expect these results to drive a significant increase in Mineral Reserves at PDA in our year end update to be released later this month. With the deposit open in multiple directions, and an expanded exploration program planned at Mulatos in 2023, we expect this growth to continue.”
Reyna Silver Corp. is pleased to announce that it has entered into an agreement with Eight Capital, as lead underwriter and bookrunner, and on behalf of a syndicate of underwriters in connection with a “bought deal” private placement financing of 13,334,000 units of the Company at a price of C$0.30 per Unit for aggregate gross proceeds of C$4,000,200.
“Marc and I worked closely at Barrick Gold and most recently in a private venture. I believe that Marc has the right skill set to facilitate Argonaut’s repositioning to a lower cost North American gold company with significant organic growth opportunities,” stated Richard Young, President and Chief Executive Officer.
While the Company and Canasil are not proceeding with the transactions contemplated by the LOI following its expiry, the parties may still explore alternative strategic transactions in the future.
Defiance Silver Corp. is pleased to announce the appointment of Mr. Douglas Cavey to the position of Executive Vice President.
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