Starcore International Mines Ltd. announces that it has entered into an agreement to acquire all of the shares of Creston Moly Corp. from Deloitte Restructuring Inc, in its capacity as trustee in bankruptcy of Mercator Minerals Ltd., at a purchase price of Cdn$2 million.
NSX Silver Inc. announces that it has obtained Articles of Amendment and received final approval from the TSX Venture Exchange for its one-for-ten share consolidation. Effective at the opening of trading on Friday, January 23, 2015, NSX Silver’s shares will commence trading on the TSX Venture Exchange on a consolidated basis.
El Tigre Silver Corp. announced today that it has filed a Notice of Civil Claim seeking declaratory relief concerning the termination of the financial advisory agreement with Wealthcorp, LLC. As announced in the Company’s press release dated August 28, 2014, the Company had engaged Wealthcorp to provide financial advisory services to assist in capital raising efforts. The Company will be continuing to seek further financing without the assistance of Wealthcorp.
VVC EXPLORATION CORPORATION announces the extension of the expiry date of 19,170,000 Series U warrants to purchase 19,170,000 shares of the Company @ $0.18 per share, as permitted under the new TSX Venture Exchange Policy. The warrants, which were expiring on January 25, 2015, will now expire on January 25, 2018, and remain exercisable at $0.18 per share. These warrants were attached to a private placement of $ $958,500 approved by the TSXV on January 29, 2012. The warrants are not currently in-the-money, and no warrants have been exercised. None of these warrants are held by insiders of the Company. The warrant extension is conditional on obtaining TSXV approval.
Flinders Resources Limited announce that further to the joint news release with Big North Graphite Corp. of September 2, 2014, October 21, 2014, November 3, 2014 and December 1, 2014 Flinders has terminated the binding letter agreement dated August 28, 2014, effective immediately. The letter agreement has been terminated as a result of Big North failing to satisfy the due diligence process.
Alamos Gold Inc. today reported fourth quarter and annual 2014 production. The Company also provided 2015 production and operating guidance.
Fortuna Silver Mines Inc sank more than 8% on Wednesday, hit by a downgrade on the same day of the release of impressive intercepts at the Trinidad North discovery at its San Jose silver-gold mine in Mexico.
Primero Mining Corp. today announced that it has entered into an agreement with a syndicate of underwriters led by RBC Capital Markets pursuant to which the underwriters have agreed to purchase US$75 million aggregate principal amount of 5.75% convertible unsecured subordinated debentures (the “Debentures”) on a bought-deal basis. Primero has also granted the underwriters an option to purchase up to an additional 15% of the Offering, on the same terms and conditions, exercisable in whole or in part at any time up to 30 days following the closing of the Offering. The Offering is expected to close on or about February 9, 2015.
Morro Bay Resources Ltd. announces that the terms for the option on the Peñoles Project between Morr?o Bay and Riverside Resources Ltd. have been amended and the option exercise date extended to March 31, 2015.
Primero Mining Corp. today announces its preliminary fourth quarter and full-year 2014 operating results and provides its 2015 guidance. The Company’s fourth quarter and full-year 2014 financial results will be released on February 12, 2015.
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