Tag: Investor’s Corner

American Consolidated Minerals Corporation is pleased to announce the signing of a letter of intent with Starcore International Mines Ltd. that would see Starcore acquire all of the outstanding securities of AJC in an all-share transaction to be completed pursuant to a court approved Plan of Arrangement under the Business Corporations Act (British Columbia). Under the terms of the planned acquisition, each AJC shareholder would receive one Starcore common share for every three AJC common shares held.

Red Tiger Mining Inc., is pleased to announce the appointment of Mr. David Lurie as a new member of the Board of Directors of the Company. Mr. Lurie has been the Company’s Chief Financial Officer and Corporate Secretary since October 1, 2012.

Avino Silver & Gold Mines Ltd. is pleased to report its financial results for the quarter ended June 30, 2014. All financial information, other than non-IFRS measures, is prepared in accordance with IFRS and all dollar amounts are expressed in Canadian dollars unless otherwise specified. The information in this news release should be read in conjunction with the Company’s condensed consolidated interim financial statements for the six months ended June 30, 2014 and associated management’s discussion and analysis and the audited consolidated financial statements for the year ended December 31, 2013 and associated MD&A which are available on the Company’s website atwww.avino.com and under the Company’s profile on SEDAR at www.sedar.com.

Altos Hornos de México comprará 650 mil toneladas de briquetas de fierro para su proyecto Fénix, en un contrato con una vigencia mínima de 5 años, por lo que se garantiza en cantidad, calidad y tiempo el abasto para la unidad de fundición.

War Eagle Mining Company Inc.has closed its non-brokered private placement announced on August 7, 2014 consisting of 2,008,840 units at a price of $0.05 per unit for gross proceeds of $100,442. Each unit is comprised of one common share of War Eagle and one common share purchase warrant entitling the holder to purchase one common share of War Eagle at a price of $0.10 until August 19, 2015.

Bacanora Minerals Ltd. is pleased to announce that its joint venture partner, Rare Earth Minerals, PLC has instructed the delivery of $US1,000,000 to Bacanora in connection with the exercise of its second stage option in respect of Joint Venture #2. Upon receipt of such funds (which are en route via wire transfer) REM will have fulfilled all of its obligations in connection with the exercise of its second stage option and REM’s ownership in Megalit S.A. de C.V. (the company holding the Buenavista, Megalit and San Gabriel concessions that form part of the Sonora Lithium Project in Mexico) will be increased from 10% to 30%. Bacanora will continue to own the remaining 70% interest in Megalit following the receipt of the foregoing funds. For further information on Joint Venture #2, please refer to the Company’s press releases dated March 12 and May 26, 2014.

Newstrike Capital Inc. is pleased to announce completion of an independent NI 43-101 technical report that outlines the results of a successful exploration program on its Ejutla Property located in Oaxaca State, Mexico. Three significant mineralized structural corridors, each host to extensive gold and silver bearing low sulphidation epithermal veins, have been identified on the Property.

Kootenay Silver Inc. is pleased to announce that, further to its press release dated July 18, 2014, it has today closed the final tranche under the non-brokered private placement totaling $541,000 and issued an aggregate of 1,803,333 Units at a purchase price of $0.30 per Unit. Total gross aggregate proceeds from the Private Placement totaled $2,174,050.

Riverside Resources Inc. is pleased to announce that Dr. Greg Myers has joined Riverside’s management team as the Company’s Vice President of Exploration. Dr. Myers is a Professional Geologist with over 35 years of experience in the mining industry. Prior to joining Riverside, Dr. Myers was most recently working in Mexico and Nicaragua as the President and CEO of Caza Gold. His earlier roles included VP, Business Development at Pacific Northwest Capital, President of Mystery Creek Resources and Project Manager/Consulting Geologist for Fire River Gold Corp. Dr. Myers was also the Manager of Mine Exploration for BHP Minerals at the Tintaya copper-gold mine in Peru. During his three year tenure the mine reserves there increased from 48 million tonnes to more than 170 million tonnes. Dr. Myers holds a Ph.D. in geology from Washington State University and a M.Sc. from the University of Alaska.

GREAT PANTHER SILVER LIMITED today announced the appointment of Ali Soltani as the Company’s new Chief Operating Officer. Mr. Soltani has more than 30 years of mining experience in precious metals and copper with Newmont Mining and Phelps Dodge. In his most recent roles at Newmont he served as Vice President of Technical Services, and as Group Executive with overall responsibility for the company’s South American operations. In his new role, Mr. Soltani has responsibility for overseeing Great Panther’s operations, and will be based in the Company’s head office in Vancouver.