Tag: Investor’s Corner

Avino Silver & Gold Mines Ltd. to Acquire Bralorne Gold Mines Ltd.

Avino Silver & Gold Mines Ltd. and Bralorne Gold Mines Ltd. are pleased to announce that they have entered into a letter of intent pursuant to which it is contemplated that Avino will acquire all of the outstanding common shares of Bralorne which Avino does not already own by way of a plan of arrangement. Upon completion of the Transaction, it is anticipated that approximately 2,636,857 common shares of Avino will be issued to former Bralorne shareholders to acquire Bralorne which holds an undivided 100% legal and beneficial interest in the operating Bralorne gold mine in British Columbia.

Mercator Minerals Provides Update in Connection with Intergeo Combination

Mercator Minerals Ltd. announces, that in connection with the proposed business combination between Mercator and Intergeo MMC Ltd announced on December 12, 2013, the Company’s wholly owned subsidiary Mineral Park Inc., has recently drawn down a further US$1.0 million under the bridge loan advanced by Daselina Investments Ltd., Intergeo’s controlling shareholder, in connection with the Arrangement, taking the current principal balance outstanding under the bridge loan to US$13.0 million.

Mercator Minerals Provides Update in Connection with Intergeo Combination

Mercator Minerals Ltd. announces, that in connection with the proposed business combination between Mercator and Intergeo MMC Ltd announced on December 12, 2013, the Company’s wholly owned subsidiary Mineral Park Inc., has recently drawn down a further US$1.0 million under the bridge loan advanced by Daselina Investments Ltd., Intergeo’s controlling shareholder, in connection with the Arrangement, taking the current principal balance outstanding under the bridge loan to US$13.0 million.

Bacanora Announces TSX-V Conditional Approval of Equity Offering

BACANORA MINERALS LTD. is pleased to announce that the TSX Venture Exchange granted conditional approval in respect of its previously announced brokered financing that is expected to be completed in conjunction with its application for the admission of its common shares to trading on the AIM Market of the London Stock Exchange. In accordance with TSX-V rules, this approval authorizes Bacanora to collect subscriptions from placees and to close its financing in one or more tranches. Final TSX-V acceptance is subject to delivery (following closing and in any event prior to August 24, 2014) of final TSX-V forms and confirmation that the financing has been conducted in accordance with TSX-V rules. Bacanora intends to offer up to GBP 4,750,000 of common shares at a price of GBP 0.33 per share under this financing. Using a foreign exchange rate of GBP 1.00 = C$1.834, the offering price per security will be approximately C$0.605 and the aggregate gross proceeds of securities offered is expected to be up to approximately C$8,708,334. The proceeds of the offering will be used to cover the expenses associated with the AIM listing and to fund the preparation of a pre-feasibility study on the Company’s Magdalena Borate Project, for the continuation of the Company’s work program to establish the economic potential of the Sonora Lithium Project and for general working capital purposes.

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