Tag: Investor’s Corner

Aurcana Corporation announces that it has entered into an agreement for a $5,000,000 bridge loan to be advanced to the Company by FirstAccess Financial Group, Inc. Aurcana continues to expect the closing of the previously announced $50 million principal amount loan facility with Red Kite Mine Finance in September, and is in the process of finalizing documentation for the closing of that financing. The Bridge Loan is intended to provide additional liquidity to the Company until the closing of the Loan Facility.

NSX Silver Inc. reports that it was recently selected by the British Columbia Securities Commission for a targeted mining disclosure review. The purpose of the review was to assess selected aspects of the Company’s mining technical disclosure for compliance with the requirements of National Instrument 43-101 Standards of Disclosure for Mineral Projects. Following the review the BCSC requested that the Company issue the following news release to clarify and retract certain of its technical disclosure.

Mining companies have threatened to cut investment in Mexico after the government proposed a 7.5 percent mining royalty, arguing that lower metal prices, rising running costs and higher taxes reduce the country’s investment allure.

Santa Fe Metals Corp. is pleased to announce the following corporate and project updates.

NWM Mining Corporation would like to announce the resignation of Jim Boyle as a director of the company. The Company would like to thank Mr. Boyle for his commitment and past contributions.

Orex Exploration Inc. is pleased to announce that Willie McLucas has been appointed as President and CEO of the Company, effective immediately, by Orex’s Board of Directors. He succeeds Mark Billings, who will remain as a director and as Chairman of the Board of the Company.

Mammoth Resources Corp. would like to confirm that further to its August 15, 2013 press release, the Company has raised a total of $270,620 of its private placement that was originally announced on June 13th. Whereas the August 15th release had indicated the Company’s intent to raise up to $500,000, the Company intends to raise up to an additional approximately $330,000 for total gross proceeds of up to $600,000. All other terms of the private placement remain the same as previously announced.

Gold Resource Corporation announced today that Chief Executive Officer William (Bill) Reid intends to retire from the Company. Mr. Reid will step down as CEO effective September 30, 2013. He will continue to serve as Chairman on the Company’s Board of Directors to assist the Company with an orderly leadership transition. Jason Reid, the Company’s President, was unanimously selected by the Board of Directors to succeed Bill Reid as the Company’s CEO effective October 1, and will continue to serve as its President and a director.

Oremex Silver Inc. announces Q2 and six month financial results for fiscal 2013. For the second quarter the Company recorded a loss of ($202,301) or ($0.00) cents per share compared to a loss of ($612,803) or ($0.00) per share in Q2 2012. For the six month period the Company recorded a loss of ($496,598) or ($0.00) per share compared to a loss of ($1,257,376) or ($0.01) per share for the six month period in 2012.

Pan American Silver Corp. has decided to close out its outstanding silver and gold hedges.