MX Gold Corp. is pleased to is pleased to announce that the Company has closed a non-brokered private placement. The Private Placement is subject to TSX Venture Exchange approval. The Company completed the sale of 40 Million units at a purchase price of C$0.10 per unit for gross proceeds of C$4 Million.
Up to approximately $800,000 of the gross proceeds from the Offering will be used to continue exploration work on the Company’s properties and the balance of up to approximately $460,000 will be used for general corporate purposes. Such properties include the Chunibas Project where the Company recently announced a newly discovered porphyry-related breccia gold system and advancing the 1068 Project where the Company also recently announced high priority drill targets have been identified on this undrilled copper, molybdenum and gold porphyry system discovered from San Marco’s generative program.
Alamos Gold Inc. today announced that the Company’s Board of Directors has declared a semi-annual dividend of US$0.01 per common share. This represents the Company’s 16th consecutive semi-annual dividend and once again demonstrates its commitment to returning value to shareholders.
MX Gold Corp. announces that, as a result of a review by the British Columbia Securities Commission, the Company wishes to clarify its disclosure and retract statements announcing mineral reserves of its Magistral Project in its July 20, 2017 news release and to also retract statements regarding mineral resources and estimates of an economic analysis for the Max Molybdenum portion of its WillaMax project in its February 2017 corporate presentation.
Levon Resources Ltd. is pleased to announce that the nominees listed in the management information circular dated August 23, 2017 were elected as directors of the Company at the annual general meeting of shareholders of the Company held on September 28, 2017. At the Meeting, the shareholders also approved setting the number of directors at six, the appointment of the Company’s auditors, and the re-approval of the Company’s rolling stock option plan.
Peñoles se ha posicionado como el mayor productor de zinc, en gran medida gracias al arranque de la mina Velardeña, de acuerdo con datos de la Cámara Minera de México (Camimex).
Silver Viper Minerals Corp. is pleased to announce that it has successfully completed its initial public offering of 12,262,500 common shares of the Company at a price of $0.25 per share for gross proceeds of $3,065,625, and has received approval of its application to list its common shares on the TSX Venture Exchange. The Company anticipates that its common shares will commence trading on the TSX-V on or about September 29, 2017 under the trading symbol VIPR.
VVC Exploration Corporation is pleased to provide an update on its previously announced CA$1 million in a non-brokered equity private placement. This placement is for units of the Company at a price of $0.05 per Unit, whereby each Unit consists of one common share and one-half of one common share purchase warrant of the Company. Each full Warrant entitles the holder to purchase one additional common share of the Company for a period of three years, at an exercise price of CA$0.06 per share. The Company has raised to-date about CA$900,000 and have commitments for an additional $460,000. The Company therefore is increasing the maximum amount of the offering to CA$2 million. The proceeds from the offering will be used mostly for ongoing drilling program, maintenance fees and option payments on the Corporation’s Samalayuca Copper Project in Mexico and working capital.
The proceeds of the private placement will be used by Defiance to commence a drill program at the San Acacio Silver Deposit located in Zacatecas, Mexico as well as for working capital purposes.
Alio Gold Inc. is pleased to announce a partnership with VRify, a communications platform offering investors 360 virtual tours of projects and assets right in the palm of their hands. The 360 virtual tour of the Companys San Francisco Mine located in Sonora, Mexico is now available.
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