Kootenay Silver Inc. announces that Agnico-Eagle Mines Limited has entered into a subscription agreement to make an investment of $4,750,000 in Kootenay through a non-brokered private placement of units. As a result of the transaction, Agnico-Eagle will own 9.96% of Kootenay’s issued and outstanding shares on a non-diluted basis.
McEwen Mining Inc. announces that Rob McEwen , Chairman and Chief Owner, has exchanged 42,103,285 shares of McEwen Mining – Minera Andes Acquisition Corp. into an equal number of McEwen Mining common shares. MAQ Exchangeable shares are exchangeable on a 1-for-1 basis into common stock of McEwen Mining and were issued in connection with US Gold Corporation’s (now McEwen Mining) acquisition of Minera Andes Inc. which was completed in early 2012. Mr. McEwen’s 25% ownership interest in McEwen Mining does not change as a result of this transaction.
The Company announces that its Board of Directors has approved and adopted a Shareholder Rights Plan. The Plan entitles shareholders to severable rights to purchase additional shares of the Company upon the occurrence of a take-over bid (i.e. an offer to purchase 20% or more of the issued shares, when aggregated with the offeror’s shareholdings), which fails to meet certain conditions. Bids which meet these conditions do not trigger the rights to purchase additional shares. Permitted Bids are offers which meet all of the following conditions:
Red Tiger Mining Inc. announces that it and ML have entered into an assignment of debt agreement with Unique Goals International, a company beneficially owned, directly or indirectly, by Mr. Sergey Yanchukov, a director of the Company. Pursuant to the Assignment of Debt Agreement, Unique proposes to assign to the Company the outstanding debt owed to it under certain loan agreements entered into between Unique and ML on each of August 20, 2012 and September 9, 2012 in the amounts of US$375,000 and US$420,000, respectively.
Primero Mining Corp. announced today that it has successfully produced the annual threshold of 3.5 million ounces of silver and will begin selling 50% of the silver produced at San Dimas at spot prices for its own account until August 5, 2013. The Company estimates that it will sell between 900,000 and 1,000,000 ounces of silver at spot realized prices by August 5, 2013.
Kimber Resources Inc. is pleased to announce the appointment of James J. Puplava, Board member since 2004 and Kimber’s largest individual shareholder, to the position of Chairman of the Board. Mr. Puplava replaces Kimber’s Chairman Peter Nixon, who has left the Board together with directors Donald Young, Frederick Graybeal and Tim Haldane. Kimber also welcomes back former director Keith Barron, a successful geologist and mining entrepreneur, who has rejoined Kimber’s Board of Directors.
OTC Markets Group Inc., operator of Open, Transparent and Connected financial marketplaces, today announced that Pan American Goldfields Ltd., a precious metals mining and exploration company, has chosen to trade on OTCQX®, the best OTC marketplace with qualified companies.
Red Tiger Mining Inc. announces that it has closed the first tranche of its previously announced non-brokered private placement of 5,000,000 common shares at a price of CAD$0.10 per Share for gross proceeds of CAD$500,000. The proceeds will be used by the Company for required capital expenditures and working capital at the Luz del Cobre mine, which is owned by the Company’s wholly-owned subsidiary, Minerales Libertad, S.A. de C.V.
Cangold Limited announces that Mr. Martin Carsky has resigned from his position as a director of the Company to focus on other commitments. “I want to thank Martin for his contributions to the Company and wish him well in his future endeavors” said Mr. Kaare Foy, Executive Chairman of Cangold.
Fortuna Silver Mines Inc. today announces production figures from its two operating mines in Latin America, the San Jose mine in Mexico and the Caylloma mine in Peru. In the first quarter of 2013, the company delivered 992,218 ounces of silver, 4,492 ounces of gold, 4.6 million pounds of lead and 5.9 million pounds of zinc. Fortuna is on schedule to produce 4.4 million ounces of silver and 23,300 ounces of gold or 5.7 million Ag Eq ounces in 2013.
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