Tag: Investor’s Corner

“Although most mining companies remain cautious in their spending, we have seen an increase in activity compared to the beginning of the year. Revenue is up 8% compared to the previous quarter as demand for our services has improved,” said Denis Larocque, President and CEO of Major Drilling Group International Inc.”

There is no name change in conjunction with the Consolidation, and the Company’s trading symbol on the Exchange will remain the same.

Argentum Silver Corp. is pleased to announce that, further to its news release of September 1, 2016, it has closed its private placement with Sprott Mining Inc. for 15,000,000 Units at a price of $0.07 per unit. Each Unit consists of one common share of the Company and one share purchase warrant. Each Warrant entitles the holder to purchase one additional common share of the Company at a price of $0.11 per share until September 2, 2019.

DynaResource de México SA de C.V., the 100% owner of the San Jose de Gracia Project, located in the County of Sinaloa de Leyva, State of Sinaloa, México, is providing clarifying statements and a number of updates with respect to an arbitration ruling, and an October 5, 2015 Order issued by the Thirty Sixth Civil Court of the Superior Court of Justice of the Federal District of México, which awarded $48 million USD in damages to DynaMéxico against Goldgroup Resources Inc.:

Primero Mining Corp. today announced the appointment of Kevin Jennings as Chief Financial Officer effective September 19, 2016.

Goldgroup Mining Inc. announces the appointment of Anthony Balic as the Company’s Chief Financial Officer and Corporate Secretary effectively immediately. Sam Wong, the previous CFO and Corporate Secretary, will take on the position of Director of Finance during a transition period.

“After years of legal disputes, we are getting closer to regaining control of San Jose de Gracia,” said Keith Piggott, Chairman, President and CEO of Goldgroup, “We’ll continue to work towards the enforcement through a Federal United States judge to monetize the Award.” Mr. Piggott also commented, “Due to the Award from the Arbitration, Dyna’s award of damages in excess of USD $48 million against Goldgroup, by virtue of a ruling issued on October 5, 2015 by the Thirty Sixth Civil Court of the Superior Court of Justice of the Federal District of México, is voided.”

Alset Energy Corp. is pleased to announce that it has assembled its team of technical and business professionals from across North America for the exploration and advancement of the Mexican Lithium Salars recently acquired by the Company. The Company felt that it was imperative from the onset to have local expertise familiar with the project and related permitting as well as local business practices and customs. The following professionals have been retained by the Company to assist in moving the project forward:

Alain Lambert, Chairman and CEO of Cyprium commented: “Following our successful conversion of $118,000 of secured debt into non-secured convertible debt in April and the extension of USD$813,750 in loans in June, we were approached by several holders of the Debentures expressing an interest in extending the maturity date and rendering the Debentures convertible. It is on that basis that we have called a special Debenture holder meeting for them to consider the matters brought forth at the meeting. We are closely evaluating similar requests from other lenders.”

“During the quarter we made significant progress on strengthening our balance sheet by advancing negotiations for a CAD $15 million equity raise which was closed subsequent to the quarter end. This allowed us to restructure our senior debt obligations into a new debt facility with a significantly lower principal balance, resulting in a substantial improvement of our capital structure,” said Arturo Préstamo, President and CEO. “From a production viewpoint, at the Rosario Mine operating income increased to $0.6 million, an increase of 29% over the prior quarter. Additionally, our operations at the Veta Grande Mine continue moving towards the commencement of commercial production following which we expect the mine to be a significant and complementary cash-flow generator to the Rosario Mine.”