Tag: Investor’s Corner

Source Exploration Corp. is pleased to announce that it has closed a tranche of its previously announced non-brokered private placement consisting of 5,192,500 units of the Company at a price of $0.15 per Unit for gross proceeds of $778,875. Each Unit consisted of one common share of the Company and one transferable common share purchase warrant. Each Warrant entitles the holder to purchase one Common Share at a price of $0.25 per Common Share until November 30, 2018 (subject to acceleration of the expiry date as described below).

Timmins Gold Corp. is pleased to confirm closing of its previously announced bought deal offering of 36,400,000 units of the Company at a price C$0.55 per Unit for gross proceeds to the Company of approximately C$20 million.

“Although the production rate at the Rosario Mine decreased during the quarter due to some structural complexity and narrower veins at depth in the Rosario Mine, our mining costs were nonetheless in line with recent quarters. In addition, the mineralized material to be shipped from the Cinco Estrellas property to the Rosario mill facility contains higher gold grades relative to the Rosario Mine’s historical grades with the effect that gold will now represent a substantial revenue driver at the Rosario Mine,” said Arturo Préstamo, President and CEO. “The impairment charge against the San Felipe Project is the result of an internal analysis that identified the property as being a non-core asset at this time in light of the opportunity that exists at the Company’s recently established operating base in Zacatecas, Mexico.”

Red Tiger Mining Inc. today reported its financial and operating results for the three and nine months ended September 30, 2016. This press release should be read in conjunction with the Company’s unaudited condensed interim consolidated financial statements for the three and nine months ended September 30, 2016 and Management’s Discussion and Analysis for the corresponding period, available on the Company’s website at www.redtigermining.com and on SEDAR at www.sedar.com.

HAWKEYE Gold & Diamond Inc. is pleased to announce that Dr. Stewart Jackson and Mr. Ralph Stricklen have agreed to join the Hawkeye team as geological, mining and milling Senior Technical Advisors providing the Company with years of significant knowledge and experience which will be invaluable as the Company advances its projects.

Timmins Gold Corp. announces that it has filed updated technical reports for each of the San Francisco Mine and Ana Paula Project. These reports were filed in connection with the financing announced on November 10, 2016 and include disclosure intended to bring the reports into compliance with National Instrument 43-101. The estimates of mineral reserves and resources contained in the previous versions of the technical reports have not changed and in the Company’s view, none of the changes made in either technical report are material to the assets or operations of the Company.

Avino Silver & Gold Mines Ltd. further to the Company’s press release dated November 21, 2016, the Company is pleased to announce that it has closed the bought deal financing with Cantor Fitzgerald Canada Corporation, as sole bookrunner, and Rodman & Renshaw, a unit of H.C. Wainwright & Co., LLC, as lead manager, Euro Pacific Capital, Inc., Roth Capital Partners, LLC, Echelon Wealth Partners Inc. and Haywood Securities Inc., as co-managers, for the issuance of 7,124,430 units of the Company at the price of US$1.57 per Unit for aggregate gross proceeds of US$11,185,355.10 in Canada and the United States of America. Each Unit consisted of one common share of the Company and one-half of one common share purchase warrant. Each whole Warrant is exercisable to purchase one additional Common Share at an exercise price of US$2.00, subject to adjustment, until November 28, 2019.

Canuc Resources Corporation is pleased to announce that the Company has received conditional approval from the TSX Venture Exchange for the reverse takeover transaction previously announced on August 29, 2016. The Transaction involves the combination of Canuc and Santa Rosa Silver Mining Corp. by way of an amalgamation of Santa Rosa and a wholly-owned subsidiary of Canuc, to form one company as a wholly-owned subsidiary of Canuc. Completion of the Transaction and the listing of the combined entity remains subject to a number of conditions including those imposed by the TSXV, which include receipt by the TSXV of satisfactory final documentation in respect of the Transaction, completion of a concurrent equity financing for minimum gross proceeds of $1.3 million and receipt by the Company of the written consent of the holders of more than 50% of the issued and outstanding common shares of the Company held by disinterested shareholders.

Silver Spruce Resources Inc. is pleased to announce that its Board of Directors has approved the appointment of Karl J. Boltz as President and Chief Executive Officer of the Company. Mr. Boltz has also been appointed by the Board to serve as a Director of Silver Spruce.

BACANORA MINERALS LTD. – the Board of Bacanora, the Canadian and London listed company focused on developing the Sonora Project in Mexico, is pleased to announce changes to the composition of the Board. These are in line with the Company’s strategy to build a robust and independent Board with a complementary skill set to effectively facilitate the development of Sonora into a world class lithium carbonate operation.