Tag: Investor’s Corner

Colibri Resource Corporation is very pleased to announce that it has closed an over-subscribed second tranche on its previously announced financing. The Company has issued an additional 1,350,000 units at $0.10 per unit for gross proceeds of $135,000. Total gross proceeds raised between the first and second tranches is $1,212,098. The funds raised from this equity issuance will be used for Phase 1 of an infill and exploration drilling program at the Company’s Pilar Project in Sonora State, Mexico as well as for general working capital.

Geologix Explorations Inc. announces that it has granted incentive stock options to its employees, directors, officers and consultants to acquire an aggregate of 100,000 common shares until March 16, 2020 and 4,850,000 common shares until March 16, 2023, all at an exercise price of $0.05 per share.

Jorge A. Ganoza, President and CEO, commented, “Our results in the fourth quarter of 2017 reflect record sales and EBITDA that have contributed to our strongest year to date in financial performance.” Mr. Ganoza continued, “Annual sales of $268.1 million, with EBITDA margins of 46% and strong cash accumulation from our mines attest to the strength of our assets and the positive momentum in our business. Drivers for year over year performance are higher precious metal production, higher base metal prices for our by-products, and improved commercial terms. ” Mr. Ganoza concluded, “Our Lindero gold project in Argentina is in the early stages of construction with on-site activities ramping up during the course of the second quarter”.

Evrim Resources Corp. is pleased to announce an update on the warrant exercises and would like to remind holders of the Company’s common share purchase warrants dated December 16, 2015, that they have until 5:00 pm Pacific Time on March 19, 2018 to exercise their outstanding Warrants at a price of $0.25. Warrants not exercised prior to March 19, 2018 will expire.

Marc Prefontaine, Chief Executive Officer of the Company, commented: “On behalf of the Board of Directors, we would like to welcome Etienne to the Orla team. Etienne has extensive industry experience and market understanding, which will help guide the Company through the next phase of its development, and I look forward to working with him to execute on the Company’s strategic initiatives. I would like to thank Paul Robertson for his dedication to this role since 2015, including his oversight of two significant acquisitions for Orla.”

Joseph F. Conway, Interim President and Chief Executive Officer of Primero added, “We are very pleased at the overwhelming support by our stakeholders for this transaction with First Majestic. It provides our shareholders an attractive immediate premium as well as retaining exposure to the high quality, long-lived San Dimas asset that they invested in, with the benefit of a significantly reduced stream. Our debentureholders will also benefit by being paid out at par plus accrued interest.”

The research report dated March 2, 2018 entitled “Southern Silver Exploration Corp. (TSXV: SSV/FSE: SEG1 /OTCQB:SSVFF) – Initiating Coverage: Significant Resource Expansion in Durango, Mexico” was written and produced by FRC’s Vice-President and Head of Research, Siddharth Rajeev, B.Tech, MBA, CFA, as an independent analysis of SSV’s activities and progress.

Plata Latina Minerals Corporation advises that it has entered into a debt settlement agreement with Mr. Gilmour Clausen, the Chairman and major shareholder of the Company. Pursuant to the Agreement, the Company agreed to issue 6,976,845 common shares to Mr. Clausen, representing approximately 10.35% of the current issued and outstanding common shares of the Company, at a deemed price of $0.045 per share based on the 15-day volume weighted average price. Post to the debt conversion, Mr. Clausen’s holdings of the Company’s common shares will be approximately 27.10%. The debt relates to a promissory note of CAD $250,000 entered on May 5, 2015, bearing interest at 10% per annum.

Fred Davidson, President and CEO, stated, “Earlier in the year, IMPACT was named to the 2017 TSX Venture 50. We entered 2018 with a clean balance sheet and no debt. Currently working capital remains strong at $5.6 million. IMPACT continues to expand its in-mine exploration and development to provide additional tonnage throughput at the mill. We also have in place ongoing exploration plans for high potential targets and continue to evaluate strategic transactions to grow value for our shareholders.”

Karl Boltz, President and CEO of Silver Spruce stated, “Silver Spruce will continue in its efforts to source funding for these two very exciting projects and will keep all investors informed of its progress.”