Tag: Investor’s Corner

Investment in Mexico’s mining sector slumped in 2016, partly due to lower exploration spending.

Minera Alamos Inc. is pleased to announce the appointment of Ruben Padilla to its Board of Directors. Mr. Padilla is the appointee of Osisko Gold Royalties Ltd., pursuant to the investment agreement between the Company and Osisko. For further details, see the Company’s press release dated May 30, 2017.

Brian Robertson, President and CEO, stated, “The new website redesign incorporates the latest website design features to convey corporate information in a user friendly and organized manner. The organization of information and rich graphics are structured to simply access and enhance the experience of visitors to our website.”

Orex Minerals Inc. is pleased to announce that Alex Peter Tsakumis has joined the company as Vice President of Corporate Development.

“With the redemption of our 2020 Senior Notes, New Gold has further enhanced its financial flexibility,” stated Brian Penny, Executive Vice President and Chief Financial Officer. “Consistent with the multiple steps we have taken this year to strengthen our liquidity position and reinforce our balance sheet, we are pleased that through these transactions, we have been able to both extend the term of our debt and reduce our interest rate.”

San Marco Resources Inc. announces that, following its annual general meeting on Thursday, May 31st, it has granted options to directors, officers and consultants to purchase a total of 1,700,000 shares at a price of $0.19 per share for five years. The options vest, as to 25% each, on granting and on the next three, six and nine months.

– Transformational Transaction Creates Leading World Class Growth Royalty Company
– Doubles Near-Term Cash Flow and Triples Cash Flowing Assets
– La Caisse and Fonds Invest C$200 and C$75 Million in Osisko, Respectively

Teck Resources Limited announced today that it has issued a notice of redemption to redeem, on June 7, 2017, all of the approximately US$84 million principal amount of its 3.000% notes due 2019 and all of the approximately US$130 million principal amount of its 8.000% notes due 2021. Interest expense savings resulting from the redemption are expected to be approximately US$10 million per annum, on an after-tax basis. Teck expects to record an estimated net after-tax accounting charge of approximately US$19 million in connection with the redemption. The Bank of New York Mellon Trust Company, as trustee, has distributed the notice of redemption to registered holders of the Notes. Teck expects to fund the redemptions from cash on hand.

The net proceeds from the Placement are intended to fund the lithium exploration program that will be conducted on the Company’s lithium properties, the review and assessment of additional potential lithium mineral property acquisitions in South America, and general and administrative expenses and working capital.

The net proceeds received by the Company are intended to be used to advance the Tuligtic Project through continued engineering, permitting activities and exploration drilling, as well as for general corporate and working capital purposes.