Tag: Investor’s Corner

Arian Silver’s Chief Executive Officer, Jim Williams, commented today, “The phased commissioning of the Company’s processing plant has been ongoing during the second quarter of the year.The commissioning process has highlighted the need for remedial work to the tertiary crusher which will result in a delay in completion of commissioning into Q4 this year, and a corresponding delay in mine development. The silver price has continued to fall this year, recently touching a six year low and current market consensus is for continued short-term weakness. Therefore, it has become clear that alterations to the mine plan will be required if profitable production is to be achieved in the current climate…”

“The Company is seeing a very interesting current market opportunity with the potential for equity growth and for yield and distributions, which we believe investors are looking for today. We see the potential to build a focused portfolio of investments in areas that are attracting expansion capital and could see attractive capital appreciation. These areas of focus also highlight the deal flow generation capability and extensive financial market experience of management and our Board of Directors and their respective networks” states Paul Crath, President and CEO.

Primero Mining Corp. announces the resignation of Mr. Rohan Hazelton from its Board of Directors. Mr. Hazelton has served on Primero’s Board of Directors since August 2010, upon the acquisition of the San Dimas mine from Goldcorp Inc.

John Zang, CEO of Morro Bay commented, “the first half of the year saw Morro Bay make significant strides forward. We were able to complete the exercise of the Option Agreement by which Morro Bay became an owner of 51% in the Peñoles Project and with our partner, Riverside Resources Inc., we reported an initial maiden resource estimate for the Jesus Maria Silver and El Capitan Gold zones at the Peñoles Project.”

AuRico Metals Inc. anuncia una financiación privada con Alamos Gold a través de la cual Alamos comprará 8.000.000 acciones de AuRico Metals a un precio de compra de acción de 0,70 dólares canadienses para unos beneficios totales de 5.600.000 dólares. Junto a las 5.767.855 acciones que Alamos ya tiene en AuRico Metals, Alamos ya controla el 10,9% de las acciones emitidas y destacadas de la compañía.

Alamos Gold Inc. today announced the purchase of 8,000,000 common shares of AuRico Metals Inc., representing approximately 6.34% of the outstanding common shares of AuRico. The Shares are being acquired by Alamos by way of private placement at a price of C$0.70 per Share.

Catalyst Copper Corporation announces that further to its press release of August 18, 2015 it has closed the non-brokered private placement of 3,300,000 units at a price of $0.10 per unit (increased by 300,000 units) for gross proceeds of $330,000. Each unit consists of one common share and one common share purchase warrant. Each common share purchase warrant is exercisable for one common share of the Company at a price of $0.15 for a period of five years from closing. Proceeds from the private placement will be used for general working capital purposes.

GREAT PANTHER SILVER LIMITED announces that its board of directors has determined that it is not in the best interests of the Company to accept the resignation submitted by Jeffrey Mason, who was elected at the Company’s Annual General Meeting of Shareholders held on June 4, 2015. Mr. Mason did not receive the support of the majority of the votes cast at the meeting. In accordance with the Company’s majority voting policy, Mr. Mason submitted his resignation to the Chairman of the Nominating and Corporate Governance Committee for consideration and acceptance or rejection at the discretion of the Board.

Goldgroup Mining Inc. has issued 16,500,000 common shares to Oroco Resource Corp. with respect to the acquisition of the Cerro Prieto project purchased in 2013 (see news release dated September 3, 2013). As part of the purchase agreement, the Company committed to issue 16,500,000 of its common shares or, at its option, pay US$4,125,000 to Oroco on or before August 30, 2015. The Company has elected to issue the common shares as opposed to cash settlement.

At the request of the Investment Industry Regulatory Organization of Canada, Bacanora is providing this clarification statement in connection with its press release dated August 27, 2015 wherein it announced the entering into of a supply agreement among Bacanora, Rare Earth Minerals plc and, Tesla Motors, Inc., the maker of electric vehicles and energy storage solutions. In that earlier release, the Company referred to the design and construction of a mine and processing facility with an initial estimated production capacity of 35,000 tonnes of lithium compounds, with the scaling potential of up to 50,000 tonnes per annum. It should be noted that the foregoing estimates are internal…