Tag: Investor’s Corner

George Paspalas, President and CEO, commented, “The Juanicipio Project progresses well, with development rates increasing significantly last year and continuing into 2018. With the advanced draft joint venture feasibility study in hand, we look forward to its finalization and formal project approval. On the exploration front, the use of directional drilling is proving to be very beneficial with target accuracy improving at depth as we infill and expand the Deep Zone, while other ‘greenfield’ exploration targets have been identified, together with Fresnillo, on the Joint Venture Property.”

“This transaction will be beneficial for existing Golden Reign shareholders and stakeholders. The combined entity creates a focussed precious metals exploration and development company with an unencumbered high margin asset in Nicaragua, immediate production and cash flow from La Trinidad, cash flow growth, no debt, geographic diversification and significant exploration potential”, stated Kevin Bullock, Golden Reign’s Chief Executive Officer and director. “We are excited to shortly be able to begin construction of a 500tpd mine at San Albino and grow production and cash flow to fund exploration of the highly prospective 138km2 high-grade gold camp in Nicaragua.”

One World Lithium Inc. (CSE: OWLI) (“OWL”) announces that on May 1, 2018, the British Columbia Securities Commission issued a management cease trade order against the Company and its executives, as opposed to a cease trade order against the Company and all of its securityholders, for failure to file audited annual financial statements and management’s discussion and analysis for the year ended December 31, 2017, together with the related certifications, on or before the prescribed filing deadline of April 30, 2018 as required by National Instrument 51-102, Continuous Disclosure Obligations, and NI 52-109, Certification of Disclosure in Issuers’ Annual and Interim Filings, respectively. Pursuant to the requirements of National Policy 12-203, Management Cease Trade Orders, the Company is required to issue bi-weekly default status reports, in the form of news releases, with respect to its efforts to achieve compliance. The Company announces that it continues to work with its auditors on the completion of the Disclosure Documents and anticipates that it will be in a position to file them on or before May 31, 2018.

“Alexander will, we believe, begin to benefit significantly from its technological and market positioning during 2018 and beyond,” said Chairman Alan Clegg.

Harvest Gold Corporation (TSX.V: HVG) is pleased to announce that at the Company’s AGM held May 9th in Vancouver, its 5 Directors were reelected with between 90% and 99% of the almost 9 million shares voted. Richard Mark, Christopher Cherry, Edward Zablotny, David Mosher and Joel Matheson will continue as Harvest Gold’s Board of Directors until the next AGM. The Company’s Auditors, DMLC of Vancouver were reappointed, the share option plan was approved, and the shareholders approved the updated and new Articles of the Company. Each of these resolutions passed with over 90% approval.

SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) announces that each of the nine nominees listed in the management proxy circular for the 2018 Annual and Special Meeting of Shareholders were elected as directors of SSR Mining on Thursday, May 10, 2018.

One World Lithium Inc. (CSE: OWLI) (“OWL”) is pleased to announce that it has granted incentive stock options to a consultant of the Company to purchase up to 500,000 common shares of the Company at a price of $0.15 per common share. The stock options are exercisable on or before February 15, 2019 with 100,000 vesting on June 15, 2018, another 200,000 vesting on September 15, 2018 and the balance vesting on October 15, 2018.

The independent report, dated April 18, 2018 (effective date December 31, 2017), entitled “TECHNICAL REPORT ON THE MERCEDES GOLD-SILVER MINE, SONORA STATE, MEXICO” was completed by Roscoe Postle Associates Inc. and provides detail to the disclosure contained in the Company’s news release issued on March 26, 2018. Qualified persons for the report include Kathleen Ann Altman (Ph.D., P.E.), Grant A. Malensek (P.Eng./P.Geo.), and Chester M. Moore (P. Eng.).

Almaden intends to use the net proceeds of the Offering for exploration and development activities relating to the Ixtaca project, and for general corporate purposes.

Pan American Silver Corp. (NASDAQ: PAAS; TSX: PAAS) reported the voting results from its annual general and special meeting of shareholders held May 9, 2018 in Vancouver, British Columbia. Each of the matters voted upon at the Meeting is described in detail in the Company’s Management Information Circular dated April 4, 2018, which is available on the Company’s website at www.panamericansilver.com.