Canarc Resource Corp. is pleased to announce that it has appointed Mr. Alfonso Canseco as Interim General Manager for Canarcs fully permitted El Compas Gold-Silver Mine in Zacatecas, Mexico, effective immediately. Based in our Zacatecas office, Mr. Canseco will be responsible for directing our efforts to bring the El Compas mine into production in 2016.
GoGold Resources Inc. is pleased to announce that Brad Langille moves from Strategic Advisor to replace Terry Coughlan as President and CEO effective today. Mr. Coughlan will continue his role as Chairman of the Board of Directors.
Brad is the right person to take GoGold to the next level, said Coughlan. His experience in building and operating mines in Mexico is instrumental in executing GoGolds growth plan.
The Board of Directors of Aurcana Corporation reports that upon reviewing the trading volume, costs and administrative requirements related to the Company’s listing on the OTCQX International, it has voluntarily delisted its common shares from the OTCQX International effective tomorrow, January 6, 2016. Aurcana’s common shares continue to be listed on the TSX Venture Exchange.
The Board of Directors of Almadex Minerals Limited has adopted a shareholder rights plan. The Plan has been accepted for filing by the TSX Venture Exchange.
Mexus Gold US announced today that it anticipates that in the first part of 2016 one of several mining companies currently reviewing the Julio/Martha Elena property will pick up and continue where Argonaut left off. The company believes that this property has tremendous potential and that a well-funded company will use the significant work already completed to further the project. President Paul Thompson added, This is an important time for Mexus. We have a major mining company looking at the Julio/Martha Elena and our hope is to complete a deal that is fair for all given the challenges within the mining industry.
Paget Minerals Corp. is pleased to announce that the $100,000 financing announced on November 16, 2015 has been increased to $150,000 and is fully subscribed. The financing includes $47,500 from Pacific Opportunity Capital Ltd., a private company in which Mark T. Brown, CPA, CA, a director of the Company, is the President.
McEwen Mining Inc. is pleased to announce the appointment of Colin Sutherland as its President. Colin will be responsible for the financial and operational performance of the Company. Rob McEwen will remain the Chairman and CEO.
“Debt refinancing arrangements are well advanced and this extension allows the time required to close a transaction,” stated Mark Backens, Interim CEO of Timmins Gold. “We would like to thank our lenders at Sprott and Morgan Stanley for their support and assistance during this process.”
“We are very fortunate to bring on a person of Rob’s calibre to Alta Vista. He will be integral in helping us develop strategies for Alta Vista, to rapidly grow in the medical marijuana marketplace,” stated Ian Foreman, president of Alta Vista, “In addition, we will utilize his extensive experience in the liquor industry to plan for the potential legal recreational market in Canada.”
Santacruz Silver Mining Ltd. announces its subsidiary Impulsora Minera Santacruz S.A. de C.V. has entered into a short-term loan facility with Trafigura Mexico, S.A. de C.V. in the principal amount of US$ 725,000. The Loan bears interest at LIBOR plus a spread, payable monthly in arrears, with the principal to be repaid in six equal monthly installments commencing January 31, 2016. The Loan has been secured by certain personal assets of a director and officer of the Company.
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