The Company intends to use the proceeds from the Private Placement for exploration of the Company’s portfolio of resource properties in Mexico and for general working capital. Exploration work will consist of additional geochemical, geological survey work, environmental studies and drilling permit applications in order to commence diamond drilling this summer.
Nomad Royalty Company Ltd. formerly Guerrero Ventures Inc., is pleased to announce that it has formally changed its corporate name to Nomad Royalty Company Ltd. The change of the Company’s name is part of the previously-announced reverse take-over and two related vend-in transactions.
“With the ability to re-commence work at Las Minas in this COVID-19 environment, we are very excited to embark on achieving the Preliminary Economic Assessment milestone at the Las Minas project,” stated Philip O’Neill, Chief Executive Officer.
The Company is currently recalling employees from the Bolivar Mine to begin a COVID-19 screening process, including a quarantine period, allowing the Company to be ready to commence mining activities on June 1, 2020. The Cusi Mine, as previously discussed in the May 13, 2020 press release, remains in care and maintenance.
Fred Davidson, President & CEO of IMPACT, stated, “In Q1 2020 we saw first hand the leverage that silver prices have had in reacting to broad market malaise and quantitative easing globally. Staying with the disciplined operational control we set in place to survive the difficult low silver prices stretch for the last 6 years, we are now seeing dividends from our efforts. I would like to thank our stakeholders, investors, and staff for your continued trust and dedication in building IMPACT Silver as one of the purest silver producers.”
First Mexican Gold Corp. is pleased to announce that it intends to complete a non-brokered private placement financing for aggregate gross proceeds of up to $2,000,000.
The proceeds raised from the Offering will be used by the Company for exploration and development of the Company’s Los Reyes mineral property and for general corporate purposes.
Aztec Minerals Corp. announces it has arranged an aggregate of CAD$60,000 in loans from two insiders and a strategic investor. Each loan bears interest at a rate of 12% per annum, payable on maturity, and has a term of 6 months, provided that the Company may prepay without penalty.
MONTREAL, May 22, 2020 /CNW Telbec/ – Guerrero Ventures Inc. (TSXV: GV) (the “Company“) is pleased to announce that it has received conditional approval to list its common shares on
New Gold Inc. today announces the voting results from the election of its Board of Directors at New Gold’s Annual General and Special Meeting of Shareholders
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