Tag: Investor’s Corner

Morgan Poliquin, President of Almaden, states, “This financing allows us to continue the advancement of Ixtaca towards pre-feasibility and permitting, and also enables us to renew our exploration activities in areas proximal to the PEA pit. Since the discovery of this deposit in 2010, our work has been focused on resource drilling and engineering activities, and we are excited to revisit exploration potential in the immediate vicinity of the PEA pit.”

Calgary, Alberta (FSCwire) – Morro Bay Resources Ltd. announces that Mr. Carl von Einsiedel has resigned from the Board of Directors of Morro Bay, with the resignation taking effect as of May 24, 2016.

Pete Dougherty, President and CEO stated: “We view drilling out the first phase of the projected pit a substantial de-risking of the Magino project. At the same time, we will move forward with permitting at Magino to further de-risk the project.”

Americas Silver Corporation is pleased to announce a supplementary, concurrent private placement of subscription receipts to satisfy the residual demand for the original private placement announced on May 20, 2016. The additional proceeds will address a large component of the initial capital requirements at San Rafael, with the remaining funding subject to advanced discussions with potential lenders and offtakers.

Added Mexus CEO Paul Thompson, “The scale and scope that MarMar brings to this project will allow the mine to be built out much larger and much faster than we had planned. This is a great fit for Mexus and a win for our shareholders. Marco’s knowledge and experience with large mines will prove invaluable as we move forward. Between our geologist, Cesar Lemas, and MarMars’ certified geologist we’ve identified over 1,000,000 tons of mineralized material with an average value of 1.5 gram AU per ton. This material sits at the surface with an initial mining depth of 3 meters and no overburden. We know that this properties value goes much deeper than that. In addition, the certified geologists will begin a drill program that will be the basis of creating an NI 43-101. Our goal is to mirror what Penoles did just 30km south of our property and create a world class mine that will produce gold for years to come.”

Fund manager puts up £7.7mln through a placing to fund further exploration at lithium deposit in Mexico

Azure’s Managing Director, Mr Tony Rovira, said the strong investor support had significantly strengthened the balance sheet. “I am very pleased with the support shown from both existing shareholders and institutions in North America, Europe and Australia. The Alacrán project is one of the most exciting projects I have been involved with and I am looking forward to being able to accelerate both our development and exploration programs,” he said.

Peter Secker, CEO of Bacanora, commented, “We are very pleased to welcome Blackrock, our second major institutional investor, to our shareholder register. In our view, raising £7.7 million (with the potential to increase this to an aggregate of £10 million) at the prevailing share price in current market conditions is testament to the potential of the Sonora Lithium Project to be a major supplier to the lithium market, as highlighted by the recent PFS. BlackRock is not only gaining exposure to Bacanora at an exciting time in its development, but also to the attractive demand / supply dynamics of the global lithium market. Thanks to lithium’s key role in highly innovative industries such as smartphones, electric vehicles and energy storage, supply is expected to struggle to match continued rapid growth in demand for many years to come. We believe Bacanora is well placed to play its part in closing this expected shortfall in supply and I look forward to providing further updates on our progress.”

Avino Silver and Gold Mines Ltd. is pleased to announce that through May 18, 2016, it has sold 3,000,149 common shares in the aggregate through its previously announced At-the-Market offering for gross proceeds of USD$3,985,891. The funds have been and will be used to advance the development of the Company’s Avino mine property and its mining operations in Mexico, to develop the Bralorne mine, and for general working capital.

IMPACT Silver Corp. is pleased to announce a brokered private placement of a minimum of $3,000,000 worth of units, at a price of $0.57 per Unit (a minimum of 5,263,158 units). Each Unit consists of one common share and one-half of one warrant. Each whole warrant entitles the holder to purchase one common share per Warrant at a price of $0.90 per Share for a period of 36 months from the date of issuance.

The net proceeds of the Offering will be used to fund the Corporation’s continued exploration and development of its silver assets in Mexico, and for general working capital purposes.