Tag: Investor’s Corner

“The board of Bacanora strongly rejects the Proposal believing it significantly undervalues the company and jeopardises Sonora’s development path to production,” said Bacanora.

Keith Neumeyer, Chairman of First Mining stated, “We are pleased to have completed this transaction with Silver One. We have confidence in Silver One’s management team and are looking forward to them advancing these under-explored properties further and unlocking their true value. Through the equity position that we now have in Silver One, along with our residual royalty interest in these three properties, our company will reap the benefits from continued exposure to the silver sector, and any future upside as sentiment in the mining sector continues to improve.”

Aura Minerals Inc. confirms the appointment of Rodrigo Barbosa as Chief Financial Officer.

Shareholders voted in favor of all items put forward by the Board of Directors. Shareholders set the number of directors at five and approved the appointment of Greg Crowe, Luke Norman, W. Barry Girling, Claudia Tornquist and Raul Diaz-Unzueta to the Board of Directors. Ms. Tornquist and Mr. Diaz are newly appointed directors and Robert McMorran did not stand for re-election as a director of the Company. The biographies of Ms. Tornquist and Mr. Diaz are set forth in a news release dated August 22, 2016. The Company wishes to thank Mr. McMorran for his services as a director of the Company.

Oroco Resource Corp. announces that it has received US$811,690 from Goldgroup Mining Inc. in settlement of the outstanding balance of all debts due from Goldgroup, being the remaining principal and accrued interest from (a) the US$1,500,000 promissory note, as amended, issued to the Company by Goldgroup pursuant to the terms of the Cerro Prieto property sale; (b) the Value Added Tax refund due to Oroco pursuant to a debt assignment agreement; and (c) a break fee payable to Oroco pursuant to an agreement with Goldgroup dated September 28, 2015.

Silver Spruce Resources Inc. is pleased to announce that it has granted 2,900,000 stock options with an exercise price of $0.15 per share to directors and consultants of Silver Spruce. These options shall expire on September 20, 2019 if not exercised prior to that date. The issuance of the options is subject to all necessary approvals by the TSX Venture Exchange

Prospero Silver Corp. is pleased to announce that it has appointed Mr. Ralph Rushton as Executive Vice President, Business Development of the Company. Mr. Rushton holds a B.Sc. in geology from Portsmouth University in the UK, a Master’s degree in Economic Geology from the University of Alberta, and a Certificate in Business Communications from Simon Fraser University. He has over 30 years’ experience in precious and base metals mining and exploration, much of which was gained working as a geologist in Southern Africa, the Middle East and Eastern Europe for Rio Tinto and Anglo American plc. For the last 13 years he has worked in business development for a number of junior resource companies and currently serves as a director on the boards of three Vancouver-based companies. He has experience in a broad range of commodities including precious and base metals, iron ore and phosphate, and has helped to raise over C$400mil through private placement financings to fund exploration and development programs in Latin America, Scandinavia and Eastern Europe.

Alain Lambert, Chairman and CEO of Cyprium commented: “I’m glad to report that 96.8% of the principal amount of debentures voted at the meeting were in favour of all matters presented. This sends a clear message of support for the company’s business plan. Our objective remains to finalize in the next two weeks further extensions of the maturity date of various loans so that at least 90% of the company’s loans will mature in 2019. Achieving this objective will pave the way for greater access to the equity market as well as possible corporate transactions to ensure the development of the Potosi mine and the La Chinche exploration property.”

Tim Oliver, President of Alset commented: “After we announced the initial private placement we took another look at our work programs. We’ve now refined our plans and have revised the costs for the screening and resource definition drilling downwards. A combination of low drilling costs and the decision to limit resource definition drilling to the three most attractive salars, should allow a lower cost program than we initially planned for. We also discovered some valuable new information regarding the extensive inventory of sediment samples from prior investigations, and the history of commercial salt production from pumped brine in three of the seven salars. If our programs are successful, we hope to come back to the market for another raise at a higher price than the current private placement.”

Silver Bull Resources, Inc. announces the expiry of common share purchase warrants issued by the Company on May 19, 2016, June 3, 2016 and June 29, 2016, and exercise of 3,120,000 Warrants prior to their expiration for gross proceeds of CDN$499,200.