Tag: Investor’s Corner

First Majestic Silver Corp. announces that it has received a notice from Orko Silver Corp. that Coeur d’Alene Mines Corporation has made an acquisition proposal for all of the issued and outstanding shares of Orko pursuant to a plan of arrangement. Orko has further advised First Majestic that the board of directors of Orko has determined that the Coeur Proposal constitutes a “Superior Proposal” as defined in the Arrangement Agreement dated December 16, 2012 between First Majestic and Orko and that Orko intends (subject to First Majestic’s right to match the Coeur Proposal) to enter into an agreement with Coeur to implement the Coeur Proposal.

Silver Bull Resources, Inc. announced today that it has closed its previously announced offering of units. A total of 22,912,500 units were sold at a price of US$0.40 per unit. The Offering was fully subscribed and the agents partially exercised their over-allotment option. Each unit is comprised of one share of common stock of Silver Bull and one-half of one Common Share purchase warrant, with each whole warrant exercisable to purchase one Common Share, at an exercise price of US$0.55, for a period of 18 months from the closing of this Offering. Silver Bull received gross proceeds from the Offering, before deducting commissions to the agents and estimated offering expenses payable by Silver Bull, of approximately US$9.2 million. The remaining US$0.8 million over-allotment option is exercisable by the agents for a period of 30 days following the closing of the Offering.

Kootenay Silver says it has bolstered its management team with the appointment of Kristian Whitehead as project manager of its Promontorio silver project in Sonora, Mexico.

Coeur d’Alene Mines Corporation today announced that it is offering to repurchase all of its outstanding 3.25% Convertible Senior Notes due 2028. As of February 12, 2013, there was $48,658,000 aggregate principal amount of Notes outstanding.

Orko Silver Corp. announces that it has received a binding proposal from Coeur d’Alene Mines Corporation for the acquisition by Coeur of all of the issued and outstanding common shares of Orko by way of a plan of arrangement. The Board of Directors of Orko has unanimously determined, after receiving the advice of its financial and legal advisors, that the Coeur Proposal constitutes a “Superior Proposal” pursuant to the arrangement agreement between Orko and First Majestic Silver Corp. originally announced on December 16, 2012 and has provided notice of such determination to First Majestic.

Aurcana Corporation is pleased to announce that is proposing a consolidation of its issued and outstanding common shares on the basis of one (1) post-consolidation common share for every eight (8) pre-consolidation common shares.

Endeavour Silver Corp. is pleased to review its corporate sustainability activities and accomplishments in 2012 and its sustainability short term plans and goals for 2013.

Golden Minerals Company today provided a summary of its 2013 operating plan, projecting increased production in 2013 and positive gross margin at the Velardena Operations commencing in the third quarter, and of its program to define longer term operating and expansion plans for Velardena. The Company also announced its intent to solicit a partner to advance its El Quevar property in Salta, Argentina and to reduce El Quevar holding costs.

Xtierra Inc. is pleased to announce that it has engaged Runge Pincock Minarco, the world’s largest independent group of mining technical experts to take responsibility for the completion of the feasibility study work on its Bilbao project, located in the State of Zacatecas, Mexico and to act as Qualified Person in accordance with National Instrument 43-101.

Sierra Metals Inc. is pleased to announce that the Company has adopted a policy whereby it intends to declare and pay cash dividends on a quarterly basis. In respect of the year 2013, the Company intends to pay aggregate cash dividends of approximately $10 million.