Tag: Investor’s Corner

Net proceeds from this private placement are intended to be used to contribute to the Company’s proportionate share (40%) of the costs associated with continuing exploration on the Cerro Las Minitas property near Durango, Mexico together with the Joint Venture partner of the Company, Electrum Global Holdings L.P. (60%), for advancement of the 100% owned Oro Project, New Mexico, and for additional working capital. Further exploration work on the Cerro Las Minitas property in 2017 and 2018 is to be funded by the two Joint Venture partners and is expected to consist of RC, RAB and core diamond drilling…

Goldgroup Mining Inc. announces it has amended the terms of its outstanding loan facility from Credipresto SAPI de CV SOFOM ENR, subject to TSX approval. Javier Reyes, a director of Goldgroup, is an executive officer and director of Credipresto.

VVC Exploration Corporation announces that its Annual General Meeting of Shareholders took place on August 25, 2017 and that the shareholders approved the election of all Directors proposed by Management. With the exception of Scott Hill, those elected were the existing Directors of the Company. In addition, shareholders approved all other matters presented at the AGM, including the re-appointment of MNP LLP as auditors of the Company. The aggregate votes cast at the AGM represented 40,881,101 shares or 22.5% of all issued and outstanding shares.

Akiba Leisman, Executive Chairman and Interim CEO states that, “it is impressive what Marlin accomplished in Q2. The Company was able to complete a 12-million-tonne layback to regain access to the high grade mineralization at La Trinidad, enter into a definitive agreement to acquire a royalty on a multi-million ounce advanced stage gold project operated by a large cap gold producer, and make what looks to be a material discovery at the Commonwealth Project, all without raising any additional equity. Furthermore, the acquisition of the Gavilanes project, the spin-out of Sailfish and the continuous mining of high grade mineralization at La Trinidad will make the second half of 2017 even more exciting for shareholders.”

“Our Q2 results reflect production equipment availability challenges that resulted from working capital constraints,” said Arturo Préstamo, President and CEO. “With the recent sale of the Gavilanes Project, we have remedied this issue and have seen immediate improvement in production in terms of both tonnes of production and grade that are in line with management’s expectations at the Rosario Project. At the Veta Grande Project we are now accessing mineralized material from Level 6 of the Garcia mine and again are seeing an improvement in grade that is in line with management’s expectations.”

Westminster Resources Ltd. is pleased to announce the appointment of Jason Cubitt as director. Mr. Cubitt has 25 years of experience working with resource companies in various capacities as founder, finance agent and institutional investor, including director of investments for Vertus Investment Advisory and Ascenta Asset Management, offshore investment advisory firms for which he was responsible for precious metals and special situations mining and energy funds.

Colibri Resource Corporation announces a non-brokered private placement, pursuant to which the Company intends to raise gross proceeds of up to $1,200,000 through the issuance of up to 8,000,000 Units at a price of $0.15 per Unit. Each unit consists of one common share and one warrant. Each warrant entitles the holder to acquire one additional common share of the Company at a price of $0.25 per share for a period of 24 months following closing. Closing may take place in two or more tranches.

Monarca Minerals Inc. is pleased to report that it has appointed Carlos Espinosa as President and Michael Smith as Executive Vice President, Exploration of the Company. Allan Folk remains as Interim Chief Executive Officer.

En 2016, a nivel nacional México produjo 766 mil toneladas de cobre contra las 594 mil toneladas producidas en 2015; un incremento de 28.9%. Este importante incremento se debió a la consolidación de las operaciones de la Planta Concentradora II y la Planta ESDE III de Buenavista del Cobre, pertenecientes a Grupo México. Sumando la obtención de concentrados y cátodos de cobre, Buenavista produjo 447,418 toneladas, 57.2% más que en 2015, mientras que la Mina Caridad produjo 133,256 toneladas, 1.7% más que en 2015.

Maverix’s President & CEO, Mr. Dan O’Flaherty commented, “The second quarter of 2017 saw many of the assets on which we own royalties achieve record quarterly production. We expect continued revenue and cash flow growth from our portfolio in the second half of the year as multiple assets ramp up to full production capacity and the Moose River Consolidated project in Nova Scotia begins commissioning.” Mr. O’Flaherty continued, “With the loan facility and equity financings now completed, we have significant capital capacity to fund additional accretive acquisitions that will build the per share value of the Company.”