Frank Kordy Interim CEO stated: “I am very pleased to have been able to make this investment. Rock Vapor has in our opinion an incredible brand and management team in place that we see leading in the e-cigarette industry. Rock Vapor plans to go public in 2016 and we expect to see a substantial return on our investment.”
At the end of October, Arian shares were suspended from trading after the company said its loan note amendment agreement it was set to reach with Quintana AGQ Holding Co LLC had been terminated. Arian shares were down 83% to 1.93 pence per share on Tuesday morning. The stock has traded as high as 52.71p in the past 52-weeks.
Commenting on Mr. Burns’ retirement, Ross Beaty, Chairman, said, “After a very productive 12 years with Pan American, Geoff is passing the CEO baton to Michael Steinmann. Geoff was instrumental in helping build Pan American into the world’s second largest primary silver producer. He also played a vital role in assembling and retaining one of the most respected professional teams in our industry. On behalf of the Board of Directors, I would like to thank Geoff for all his years of outstanding dedication and service and wish him the best in his future. We are glad to be able to continue to tap into his knowledge.”
Further to its news release of November 24, 2015, Starcore International Mines Ltd. announces that it has received confirmation from the Toronto Stock Exchange that effective at the opening of trading on Monday, December 14, 2015, the shares of the Company will commence trading on a one-for-four consolidated basis. Having received Toronto Stock Exchange acceptance for the share consolidation, on the Effective Date, the Company will have approximately 45,153,648 common shares issued and outstanding, subject to adjustment for fractional shares.
Geologix Explorations Inc. has been advised by the Toronto Stock Exchange that, as a result of both the Company’s current share price and lack of exploration activity in 2015, the Company may no longer meet the Exchange’s continued listing requirements. Geologix has until April 8, 2016 to meet such listing requirements. Geologix intends to apply for a listing of its common shares on the TSX Venture Exchange. Assuming this application is successful, the Company will subsequently delist its shares from the Toronto Stock Exchange.
Millrock Resources Inc. reports that the non-brokered private placement announced on November 20, 2015 and subsequently increased has closed. A total of 8,321,509 Units at a price of $0.16 per Unit have been issued for gross proceeds of $1,331,441.44. Each Unit consists of one common share and one share purchase warrant, with each Warrant entitling the holder thereof to purchase one additional common share at a price of $0.22 per common share until December 10, 2016, thereafter at a price of $0.30 per common share until December 10, 2017 and thereafter at a price of $0.40 per common share until December 10, 2019.
Mr. Rapsch has a decade of in-depth investor relations and corporate communications experience. He joins SilverCrest Metals after four years at SilverCrest Mines Inc. which was recently acquired by another precious metal producer. He was responsible for the implementation, management and execution of all marketing and investor relations related programs, including but not limited to communicating with retail and institutional investors across North America and Europe. During Mr. Rapschs tenure at SilverCrest Mines it was nominated as a finalist at the 17th annual IR Magazine Reward in the category for Best IR by a TSX Venture Exchange-listed company in 2014.
John leaves a long, distinguished legacy in our industry and as a member of our Board of Directors for which we are eternally grateful, said Ted Crumley, Heclas Chairman. He will be deeply missed by his fellow Board members and everyone at Hecla. We send our deepest condolences to his family.
Telson Resources Inc. announces that it has completed the second and final closing of the non-brokered private placement pursuant to which the Company issued 6,960,000 units for gross proceeds of $348,000. The Final Closing is part of the Company’s previously announced non brokered private placement of 40,000,000 Units at a price of $0.05 per Unit for gross proceeds of $2,000,000. Each Unit consists of one common share and one half of one transferable share purchase warrant. Each Warrant is exercisable to acquire one additional Share of the Company for a period of two years at a price of $0.05 per Share.
Bacanora Minerals Ltd Tuesday said it is negotiating a number of non-binding agreements with potential offtake partners for the lithium it will produce from the Sonora project in northern Mexico, building on its deal with US-based Tesla Motors earlier this year.
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