First Mexican Gold Corp. is pleased to announce that further to its press release of June 15, 2020, the Company has closed the second and final tranche of its previously announced non-brokered private placement by issuing, in the second tranche, an aggregate of 4,248,722 charity-flow through units of the Company at a price of $0.18 per Charity FT Unit for gross proceeds of $764,769.96.
The Company is continuing to work diligently and currently still expects to file the Q1 Filings on or prior to July 15, 2020.
Phase One of the program will total 6,000 meters of core drilling to test 20 targets, of which the initial 11 holes have been identified in the Drilling Plan. Of the remaining nine holes, seven have been tentatively identified in the Drilling Plan and two are reserved depending on the results of prior holes. This initial core drilling program is the first segment of the proposed 50,000 meters of core and rotary drilling contemplated in the Company’s May 26, 2020 news release.
SSR Mining Inc. and Alacer Gold Corp. are pleased to announce that Institutional Shareholder Services and Glass Lewis & Co. have both recommended that shareholders vote FOR the matters to be voted on at the applicable meetings in connection with their previously announced at-market merger of equals pursuant to a plan of arrangement under the Business Corporations Act (Yukon).
As part of the refinancing, Sprott Private Resource Lending II, LP has replaced Royal Capital Management Corp. as a lender and the administrative agent for the Term Loan; and Evanachan Limited, a corporation wholly-owned by Rob McEwen, remains a lender.
Kootenay Silver Inc. announces its partner on the Cervantes porphyry gold-copper property in Sonora, Mexico, Aztec Minerals Corp., reports final interpretation of a 3-Dimensional IP-Resistivity survey identifying multiple chargeability anomalies over a 5 kilometer long corridor.
“This recognition is made possible by our employees who ensure that sustainability is central to everything we do,” said Don Lindsay, President and CEO. “Teck is committed to being a positive corporate citizen and to responsibly producing the materials needed to build a better quality of life for people around the world.”
Tarachi Gold Corp. is pleased to announce that field work has commenced on the Company’s group of mining concessions known as the Tarachi project located in the Sierra Madre Gold Belt of Eastern Sonora, Mexico. The Company’s projects all lie within an established gold producing region, bordering Alamos’ Mulatos mine and Agnico Eagle’s La India mine.
Curtis Turner, CEO commented, “Candelaria is pleased to have reached agreement with a lender such as Accendo Banco for a project loan facility. This announcement represents a major catalyst in providing substantial economic development for the municipality of Pinos, Zacatecas in Mexico.”
Gold Resource Corporation declares its monthly instituted dividend of one-third of a cent per common share for June 2020 payable on July 23, 2020 to shareholders of record as of July 13, 2020.
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