Tag: Investor’s Corner

Stockport Exploration Inc. announces that its $295,000 loan financing from various directors, officers, and other private investors of the Company of 15% unsecured convertible notes will have the maturity date extended by eighteen months, subject to TSX Venture Exchange approval. Under the terms of the financing, the principal amount of the Loans bear interest at 15% per annum, payable quarterly and will be repayable by the Company on or before September 27, 2019.

Almadex intends to use the proceeds of the private placement to continue drilling targets at its 100% owned El Cobre gold/copper porphyry project in Veracruz, Mexico, and for general working capital purposes.

Pete Dougherty, President & CEO stated: “We significantly increased our Mineral Reserves and mine life at El Castillo through the purchase of, and exploration success on, the adjacent San Juan mineral concession. Furthermore, we feel we have more opportunity at El Castillo in the future with approximately an additional 220,000 gold ounces in Measured and Indicated Mineral Resource above and beyond the Mineral Reserve. With San Agustin now also having achieved commercial production, the El Castillo Complex boasts a Proven and Probable Mineral Reserve of 1.3 million gold ounces and 26.2 million silver ounces and across our Mexico operations we now have over 1.7 million gold ounces of Mineral Reserves. At La Colorada, we continue to demonstrate our ability to consistently replace the ounces we deplete annually through mining due to our successful exploration programs.”

George Paspalas, President and CEO, commented, “we saw the 2017 PEA strongly validate the enhanced project scope, size and economics of the Juanicipio project. We look forward now to completing the feasibility study which will trigger the production decision and set us on the path forward with our partner Fresnillo. As we progress through 2018, the strategy to commence exploration on some of the greenfield targets on the Joint Venture ground should materialize”.

Millrock Resources Inc. announces it has granted a total of 1,295,000 stock options under the Company’s stock option plan to directors, officers, employees, and consultants. The options are exercisable at $0.23 per share for a period of five years.

Stockport Exploration Inc. further to the Company’s press release dated September 18, 2017, is pleased to announce that it has entered into a definitive agreement providing for the amalgamation of the Company with Sona Nanotech Ltd. pursuant to the Canada Business Corporations Act to form an amalgamated company to be called “Sona Nanotech Inc.” as the resulting listed issuer. Sona is a private company existing under the laws of Nova Scotia, with its operations in Nova Scotia. As a pre-condition to the Amalgamation, shareholders of Sona will be required to approve continuance of Sona as a corporation under the Canada Business Corporations Act.

“As we narrow our focus on production oriented assets in Mexico, we will continue to reshape the organization to deliver the most value for our shareholders and all our stakeholders,” said Robert Eadie, president and CEO. “The intended sale or joint venture of non-core assets we are announcing today will further align resources, improve efficiencies throughout our company, and prepare us for the next stage of growth”.

MEXICAN GOLD CORP. is pleased to announce that it intends to complete a non-brokered private placement of up to $1,000,000 at a price of $0.30 per unit with a small group of investors. The Company may, in its sole discretion increase the size of the Private Placement by up to 25% for aggregate gross proceeds of up to $1,250,000 at the price of $0.30 per Unit at any time prior to the closing of the Private Placement.

“Odyssey is making great progress already in 2018 on both the mineral and contracted shipwreck elements of our business, and we received notification from NASDAQ on March 8th that we had regained compliance with all listing requirements. The recent ruling by the Mexican Superior Court is a big step towards the ultimate issuance of the environmental permit, which will allow us to confirm that the ‘Don Diego’ deposit can produce cost-effective phosphate for much-needed fertilizer in an environmentally responsible manner,” said Mark Gordon, Odyssey chief executive officer.

The Company exceeded its annual production guidance for a second consecutive year with 24,385 ounces of gold and 77,082 ounces of silver produced during the fourth quarter and 139,658 ounces of gold and 357,901 ounces of silver produced for the full year. Metal sales were 23,000 of gold and 77,096 ounces of silver for the fourth quarter and 155,727 ounces of gold and 338,831 ounces of silver for the full year.