Tag: Investor’s Corner

They have, on average, only 5.7 months worth of cash on their balance sheets

Ross River Minerals Inc. announces that it has closed the first tranche of the private placement announced on February 5, 2013. The Company has issued 4,290,000 units at $0.05 per unit for total proceeds of $214,500. Each unit consists of one common share and one transferable share purchase warrant with each share purchase warrant entitling the holder to purchase one common share for a period of eighteen months at $0.10 per share. The securities have a four month hold period until June 15, 2013. The Company has paid a finder’s fee by the issuance of 140,000 common shares at a deemed value of $7,000.

Alphamin Resources Corp. wishes to announce that it has entered into a debt settlement agreement with a creditor of the Company pursuant to which the Company has agreed to issue an aggregate of 2,500,000 common shares at a deemed price of $0.20 per Share. The amount of indebtedness settled by the Agreement is $500,000, which was forwarded by the creditor to the Company in the form of a bridge loan. The Company decided to satisfy this outstanding indebtedness with Shares in order to preserve its cash for operations.

Mundoro Capital Inc. announces the filing of the Company’s Annual Audited Financial Results for fiscal year ended December 31, 2012. Highlights provided in this news release should be read in conjunction with the Company’s Annual Audited Financial Statements and the Management Discussion and Analysis, which is available on SEDAR at www.sedar.com. All dollar amounts are in U.S. dollars unless otherwise stated.

Mercator Minerals Ltd. (ML), which mines copper in Arizona, is considering options including the sale of a minority stake of about 25 percent in its El Pilar project in Mexico to a partner that would help fund the mine’s development.

Esperanza Resources Corp. today announced that Mr. Andrew Pooler will be joining the Company in the role of Chief Operating Officer.

El Tigre Silver Corp. is pleased to announce a non-brokered private placement for up to 2,000,000 units of the Company at a price of $0.25 per Unit for aggregate cash proceeds of $500,000. Each Unit will be comprised of one common share and one-half of a common share purchase warrant. Each whole Warrant will entitle the holder to acquire an additional common share of the Company for a period of 24 months from the date of issue at a price of $0.38, provided that, if over a period of 20 consecutive trading days after the expiry of the hold period on the warrants, the daily volume weighted average trading price of the common shares of the Company on the TSX Venture Exchange (or such other stock exchange on which such shares are listed) is greater than $0.50, then at the Company’s discretion, it may, within 10 days of such 20 day period, accelerate the expiry date of the Warrants to a date 30 days after the date of the notice.

Catalyst Copper Corp. is pleased to announce today that it has closed the first tranche, of 4,066,667 units for proceeds of $244,000, of its previously announced non-brokered private placement of 10,000,000 units of the Company at a price of $0.06 per unit.

Endeavour Silver Corp. is pleased to announce the appointment of Meghan Brown as Director of Investor Relations, effective immediately.

Fortuna Silver Mines Inc. is pleased to announce updated Mineral Reserve and Mineral Resource estimates as of December 2012 for the Caylloma Mine located in Arequipa, Peru and for the San Jose Mine located in Oaxaca, Mexico.