Tag: Investor’s Corner

Canuc Resources Corporation and Santa Rosa Silver Mining Corp. are pleased to announce that further to the execution of the Letter of Intent announced on June 9, 2016 and the subsequent negotiation of a business combination agreement the parties have executed the Definitive Agreement on August 26, 2016, with effect as of such date, to combine Canuc and Santa Rosa 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.

Santana Minerals Limited is pleased to announce that it has received commitments from sophisticated and professional investors to issue 33,950,000 fully paid ordinary shares at a price of $0.06 each to raise $2,037,000.

Gainey Capital Corp. is pleased to announce the appointment of Mr. Barry Lee to the Company’s Board of Directors. Mr. Lee is a co-founder of Gainey and was an original member of the Company’s Board until 2014. He has extensive board and senior management experience and has provided strategic planning, corporate governance, and M&A expertise for both public and private companies within various sectors over the past twenty-two years. He is currently a director and/or senior officer of several public companies listed in both Canada and the United States.

La empresa mexicana Fresnillo plc programó un paquete de inversiones por 1,730 millones de dólares entre 2015 y 2021 para expandir, optimizar o construir minas en México.

Arian Silver Corporation is pleased to announce that, further to its press release on 4 May 2016 which announced the Company had secured the exclusive right for 120 days to evaluate a gold and silver tailings project held by Tierra Nuevo Mining Ltd, the period of exclusivity has been extended by a further 60 days to 28 October 2016. There was no cost incurred in the arrangement of the extension.

“We are tremendously excited to have Mr. Pullinger join the team in the coming weeks,” stated Brendan Cahill, President and Chief Executive Officer. “He brings an exceptional track record of discovery and project advancement using the latest in exploration techniques and has experience in all phases of the mining industry, from grass-roots exploration through to production, including a wealth of capital markets and financing experience. He has a proven ability to identify value in mining assets from early stage exploration through to production. Along with our newly appointed Vice-President Technical Services, Denis Flood, Ben will be integral to our next phase of growth.”

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 the SJG Project:

Fred Davidson, President and CEO, stated, “The increase in silver prices has had a positive impact on the Company’s financial performance. For the fourth consecutive quarter the Company’s EBITDA1 is positive at $0.6 million for Q2 2016 compared to a negative EBITDA of $0.8 million in Q2 2015. Revenues in Q2 2016 increased by 61% over Q2 2015 to $4.4 million. Operationally, the Company is continuing to improve its mine operating income, achieving income of $0.7 million in Q2 2016 compared to a loss of $0.8 million in Q2 2015.

Oremex Silver Inc. is pleased to announce that it has changed its name from “Oremex Silver Inc.” to “Monarca Minerals Inc.” pursuant to the provisions of the Canada Business Corporations Act. The name change was approved by shareholders at the Company’s annual and special meeting of shareholders held on July 7, 2016 and is effective as of August 22, 2016. The Company anticipates that it will begin trading under its new name on the TSX Venture Exchange and under the new symbol “MMN” at the opening of the market on August 24, 2016.

“Although production issues led to over 10,000 fewer tonnes being milled this past quarter, we still raised our ore grade to average over 1,400 ounces per month,” said Robert Eadie, President & CEO of the Company. “The discoveries of high grade zones announced earlier this year have helped smooth out production at San Martin.”