Tag: Investor’s Corner

Scorpio Gold Corporation is pleased to announce its financial results for the second quarter ended June 30, 2013. This press release should be read in conjunction with the Company’s Management Discussion & Analysis and the condensed consolidated interim financial statements for Q2, available on the Company’s website at www.scorpiogold.com and under the Company’s name on SEDAR at www.sedar.com. All monetary amounts are expressed in US dollars. Comparative numbers disclosed were restated following the adoption of the new IFRS standard, IFRIC 20, Stripping costs in the production phase of a surface mine. See note 3 a) of the Q2 condensed consolidated interim financial statements for more information on the effects of IFRIC 20.

Sierra Metals Inc. announces that it has signed an amended and restated dealer agreement with a designated broker in respect of its previously announced normal course issuer bid. The Company and the Broker entered into a dealer agreement dated March 26, 2013, as amended on May 10, 2013, whereby the Broker was engaged to operate an automatic share purchase plan under the NCIB. Reference should be made to the Company¡¯s press releases dated March 26, 2013 and May 10, 2013, respectively, for further details regarding the ASPP and the NCIB.

Arian Silver Corporation, a silver exploration, development and production company with a focus on projects in the silver belt of Mexico, announces further to its announcement on 26 July 2013 the positive advancement of negotiations regarding future financing. The private placement debt financing of US$15,585,000 comprises a senior secured convertible note, which would mature at a premium of 5% if not otherwise converted, twelve months from its date of issuance and will bear interest at an annual rate of 14% to be prepaid in full upon closing of the Private Placement.

Alamos Gold Inc. commented on the news release issued earlier today by Esperanza Resources Corp. regarding the recent amendment to Article 71 of the Law of Rural Sustainable Development in the State of Morelos, Mexico. The principal asset of Esperanza, the Esperanza gold project, is located in Morelos.

Shares in Orex Minerals Inc. (CVE:REX) spiked Tuesday, after the Vancouver-based explorer announced the results of trench channel sampling on the Coneto gold-silver project in Durango, Mexico, and the fact that the mining junior’s project partner was pressing on with its second year of exploration.

Catalyst Copper Corp. is undertaking a non-brokered private placement of convertible notes to raise gross proceeds of Cdn $150,000.

First Mexican Gold Corp., on a best-efforts basis, proposes a non-brokered private placement of up to $200,000 through the sale of 5,714,286 million units at $0.035 per unit. Each unit consists of one common share and one non-transferable share purchase warrant, with each whole warrant being exercisable at a price of $0.10 per share for a period of two years. The financing is subject to regulatory approval.

Amarium Technologies Inc. announces that the company has completed a US$3.2 Million private placement of an unsecured convertible debenture with Westin Korrin Capital Investment Inc., a Hong Kong based investment bank. The debenture, which matures after 5 years, bears an annual interest rate of 6.5% and can be converted into common stock at a price of US$0.30 per unit after 24 months.

Fortunate Sun Mining Company Ltd. advises that the Board of Directors has passed a Director’s Resolution in accordance with the Amended TSX-V Policy 5.8, Company Articles and Corporate Law to consolidate the shares of the company at an 8:1 ratio. This consolidation will reduce the issued and outstanding shares of the Company from 24,977,500 to 3,122,188 shares. The Company has made application to the TSX-V for approval of this Resolution. The Board of Directors feels that is imperative to consolidate the shares in order to attract new projects, management and funding.

SilverCrest Mines has reported results for its second quarter ended June 30, 2013. Highlights of the report include cash flow from operations of US$5.58 million or $0.05 per share, and net earnings of US$2.87 million or $0.03 per share.