Kootenay Silver Inc.announces that it has, subject to regulatory approval, amended the expiry date of an aggregate total of 3,930,000 unexercised share purchase warrants.
Coeur Mining, Inc. today announced its offer to exchange certain of its outstanding unregistered notes for new registered notes in accordance with the terms of its registration rights agreement with existing holders of those notes.
Baja Mining Corp. is pleased to announce that Minera y Metalúrgica del Boleo S.A. de C.V. has appointed Sang Bum Lee as Chief Operating Officer following the death of Kyoung Jin Park. Mr. Lee will be responsible for directing the Boleo construction completion activities, including commissioning and start-up, and managing the operation of the Boleo Project.
Endeavour Silver Corp. reports silver and gold production for the Third Quarter, 2014. The Company owns and operates three silver-gold mines in Mexico: the Guanacevá mine in Durango state and the Bolañitos and El Cubo mines in Guanajuato state.
Avino Silver & Gold Mines Ltd. and Bralorne Gold Mines Ltd. are pleased to report that Bralorne securityholders have voted overwhelmingly in favour of the previously announced arrangement whereby Avino will acquire all of the outstanding common shares of Bralorne not already owned by Avino, resulting in Bralorne becoming a wholly-owned subsidiary of Avino. At Bralorne’s annual general and special meeting held today, Bralorne’s securityholders, voting together as a single class, voted 98.65% in favour of the special resolution to approve the Arrangement, and Bralorne’s common shareholders, after excluding votes required to be excluded in accordance with Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions, voted 96.70% in favour of approving the Arrangement.
Tosca Mining Corp. announces that the TSX Venture Exchange has approved the consolidation of Tosca Mining Corp.’s issued and outstanding share capital such that every four existing shares will be consolidated into one new share, effective October 9, 2014. In addition, the Company has changed its name to Tosca Resources Corp.
Arian Silver Corporation, a silver exploration, development and production company with a focus on projects in the silver belt of Zacatecas, Mexico, reports that the Company has drawn down GBP 60,265 of its GBP 5 million Standby Equity Distribution Agreement with YA Global Master SPV Ltd, as announced by the Company on 27 September 2012.
Fortuna Silver Mines Inc. today announces production figures from its two underground mines in Latin America, the San Jose mine in Mexico and the Caylloma mine in Peru. In the third quarter of 2014, the company delivered 1.8 million ounces of silver, 9,751 ounces of gold plus base metal by-products. Year to date, the company has delivered 5 million ounces of silver and 26,420 ounces of gold. With current production results, silver and gold productions should exceed annual guidance by 9 percent and 8 percent respectively.
Golden Minerals Company announced today it has completed several sales transactions totaling up to $1.3 million. The Company has sold 45 mining concessions totaling 770 hectares located in the Zacatecas District, Zacatecas State, Mexico, to Capstone Mining Group for the sum of US $700,000. Golden Minerals has also entered into an option agreement with a private party to sell its 1,100 hectare Peruvian Otuzco property for US $450,000. The Company has received $150,000 under this agreement, with the remainder payable in 2015 if the option is maintained and exercised. In addition, the Company has sold miscellaneous surplus equipment located in Argentina for$130,000.
VENDOME RESOURCES CORP., a Toronto, Canada based minerals exploration company with key exploration assets in Guerrero State, Mexico and the Borden Lake Gold District, Ontario, Canada, is pleased to announce the closing of its non-brokered private placement offering on October 7, 2014, pursuant to which an aggregate of 980,000 units were sold at a price of $0.05 per Unit, raising gross proceeds of $49,000. Each Unit consists of one common share and one common share purchase warrant of the Corporation. Each Warrant entitles the holder thereof to purchase one additional Common Share at a price of $0.10 per common share for a period of 18 months from the Closing Date of the private placement, subject to an acceleration clause. Early expiration of the Warrants could occur once the Units are free from statutory resale restrictions (4 months plus one day) and the Company’s shares are trading at a volume-weighted price greater than $0.15 for a period of 15 consecutive trading days. Subsequent to this Acceleration Period, the Company may accelerate the expiry of the Warrants by providing notice to Warrant holders within 10 subsequent trading days outlining the Warrants will expire on the 30th calendar day after such notice is given to Warrant holders. The securities issued under the Offering are subject to a 4 month plus one day holding period and will expire on February 7, 2014. No Finder’s Fees were paid for this offering. Insiders of the Company participated in the financing by purchasing an aggregate of 500,000 units representing 51% of the offering. The private placement has been conditionally approved and is tentative to final approval by the TSXV.
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