Tag: Investor’s Corner

“We remain committed to distributing a monthly dividend and are proud to continue to do so at a reduced level during this extended downturn and bear market in precious metals,” stated Gold Resource Corporation’s President and CEO, Mr. Jason Reid. “Multiple factors contributed to the decision to reduce the dividend including declining revenues and the reallocation of capital focusing not only on our Arista mine, but also on the recently optioned Gold Mesa property in Nevada. Gold Mesa has the potential to increase shareholder value if we are fortunate enough to find additional high-grade gold on the property with near surface open pit potential that could eventually position us as a two mine operator.”

Steve Regoci, Garibaldi President and CEO, commented: “2015 has been a very productive year for Garibaldi on the exploration front, advancing potential high-impact discoveries in both British Columbia and Mexico. We look forward to a vigorous start to 2016.”

Defiance Silver Corporation announces it has entered into a short term loan agreement from its largest shareholder in the amount of CDN $160,000. Proceeds from the loan will be for general working capital purposes.

All securities issued in connection with the private placement, including the finder’s warrants, are subject to a four-month hold period that expires on April 24, 2016. The proceeds from the private placement will be used for exploration at Oceanus’ resource properties in Mexico and for general working capital purposes. The private placement remains subject to final approval of the TSX Venture Exchange.

Goldgroup Mining Inc. announces it has entered into an agreement to amend the terms of the outstanding loan facility to Credipresto SAPI de CV SOFOM ENR, subject to TSX approval. Javier Reyes, a director of Goldgroup, is a principal of Credipresto.

MAG Silver Corp. today announced that it has filed a preliminary short form base shelf prospectus with the securities commissions in each of the provinces of Canada, except Quebec. The base shelf prospectus will allow MAG to offer up to US$75,000,000 of common shares, preferred shares, debt securities, subscription receipts, units and warrants from time to time over a 25-month period after Canadian securities regulatory authorities have issued a receipt for the final short form base shelf prospectus.

Starcore International Mines Ltd. confirms that it is not aware of any reason as to why trading in its common shares has been halted by the Securities & Exchange Commission. The Company is not a reporting issuer in the United States and is up-to-date on all its regulatory filings in Canada. Having issued this clarification, the Company expects trading to resume on the Toronto Stock Exchange.

BACANORA MINERALS LTD., the Canadian and London listed company that is developing the Sonora Lithium Project in northern Mexico, announces that David Lenigas has resigned from the Board with immediate effect.

Prospero Silver Corp.: Further to the Company’s news release of December 3, 2015; the Company wishes to report that the non-brokered private placement first announced on October 22, 2015 of 4,000,000 units at a price of $0.075 per Share, for gross proceeds of CDN $300,000 was completed with an aggregate of 3,763,333 shares being subscribed for, with gross proceeds of $282,249.98. Each Unit consists of one common share of Prospero and one non-transferable share purchase warrant exercisable for a term of 5 years. Each Warrant will entitle the holder thereof to purchase one Share at an exercise price of $0.12 per Share.

GoGold recorded revenue of $12.5 million from the sale of 825,236 silver equivalent ounces since declaring commercial production on March 1, 2015 at the Company’s Parral operation during the year ended September 30, 2015.