Alta Vista Ventures Ltd. announces that the Company’s Board of Directors has approved a change of name to Global UAV Technologies Ltd. The shares will commence trading on the Canadian Securities Exchange under the new name on May 17, 2017. The Company’s trading symbol will remain as UAV.
N. Eric Fier, President and CEO of SilverCrest Metals stated: We are excited about moving to the OTCQX market and it is an important step forward for us as we continue our efforts on increasing awareness, visibility and liquidity for the Company. We believe it will provide us with an opportunity to expand our current U.S. shareholder base and a better trading platform for the investors in general.
Silver Spruce Resources Inc. is pleased to announce the appointment of Greg Davison, MSc, PGeo to its Board of Directors. Mr. Davison is a professional consulting exploration geologist, project manager and ore mineralogist with thirty-nine years of practical field, commercial laboratory and management experience in diverse geological settings. Mr. Davison has expertise in ore geology, process mineralogy, property evaluation, bulk sampling and pilot process operations. He has contributed to the development of exploration properties, ore deposits and mines in Canada, United States, Mexico, Greenland, Russia, Central and South America, Africa, Middle East, Asia and Australia.
Geologix Explorations Inc. is pleased to announce it intends to carry out, subject to approval of the TSX Venture Exchange, a private placement of up to 16,700,000 units at $0.06 per unit for proceeds of up to $1,002,000. Each Unit will consist of one common share and one-half of one non-transferable share purchase warrant. Each whole warrant will entitle the purchase of one common share for three years at a price of $0.10.
Joining as non-execs are Andres Antonius, based in Mexico City and a country specialist and former government adviser, while Junichi Tomono is head of the Japanese trading giant Hanwa Co, which recently signed an offtake deal with Bacanora. They replace James Leahy and Kiran Morzaria.
Alamos Gold Inc. is providing a summary of the voting results of its Annual General Meeting of Shareholders.
MEXICAN GOLD CORP. announces that Mr. Earl Terris has resigned as a director of the Company for personal reasons, effective May 12, 2017.
The name change to Alio Gold Inc. and 10:1 consolidation of the Company’s common shares was approved at the 2017 Annual General and Special Meeting of shareholders of the Company held earlier today and is now effective. Following the share consolidation, the number of outstanding securities of the Company will be approximately 35,562,860 common shares. The common shares are expected to commence trading on the Toronto Stock Exchange and the New York Stock Exchange MKT on a post-consolidation basis on May 16, 2017 under the ticker symbol ALO on both exchanges.
“Sierra Metals continues to deliver value and growth to investors in the first quarter with a solid financial performance”, commented Igor Gonzales, President and CEO of Sierra Metals. “The Company saw very significant increases in revenue, cashflow and adjusted EBITDA over the prior quarter as well as over the same quarter in 2016. This solid performance is attributable to a very successful operational improvements program at the Yauricocha Mine, continued work to development of new areas for higher grade ore at Bolivar and the reinterpretation of geology at the Cusi Mine which promises to drive increased grade and tonnage in the future. It is also thanks to the hard work and dedication of our team at Sierra Metals, without whom these achievements would not be possible.”
GoGold Resources Inc. is pleased to announce the release of financial results for the quarter ending March 31, 2017. GoGold recorded revenue of $7.1 million from the sale of 413,073 silver equivalent ounces with a cash cost per silver equivalent ounce of $9.80 and an operating income of $1.8 million for the quarter (All amounts are in U.S. dollars).
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