Tag: Investor’s Corner

South American Silver Corp. is pleased to announce that today it acquired ownership of 15,580,000 common shares of the High Desert Gold Corporation, a company listed on the TSX Venture Exchange. As a result of the purchase, South American Silver Corp. now owns 15,580,000 Common Shares of the Issuer representing approximately 19.9% of the total issued and outstanding Common Shares of the Issuer, based on there being 78,285,233 Common Shares of the Issuer outstanding as of December 28, 2012. Information regarding current issued and outstanding Common Shares of the Issuer is based on information in the Issuer’s news release of December 28, 2012.

High Desert Gold Corporation is pleased to report that today it closed two non-brokered private placements for gross proceeds of Cdn$3,628,400.

Baja Mining Corp. is pleased to announce the appointment of Nigel Kirkwood as Chief Financial Officer, effective December 27, 2012.

Capstone Mining Corp. announced today acceptance by the Toronto Stock Exchange of the Company’s Notice of Intention to make a Normal Course Issuer Bid. Pursuant to the NCIB, Capstone proposes to purchase through the facilities of the TSX and other Canadian marketplaces, from time to time over the next 12 months, if considered advisable, up to an aggregate of 34,014,871, being approximately 10% of the public float of its common shares, as of December 21, 2012. Purchases may commence through the TSX on December 31, 2012 and will conclude on the earlier of the date on which purchases under the bid have been completed and December 30, 2013. As of December 21, 2012, Capstone had 381,507,382 issued and outstanding common shares.

Soho Resources Corp. announces that at the Company’s Annual General and Special Meeting of shareholders held on December 21, 2012, shareholders of the Company unanimously approved a consolidation of the shares of the Company on the basis of up to an 8 (old) for 1 (new) share, and authorized the Directors of the Company to implement the Consolidation, and to determine the exact consolidation ratio and the timing of any Consolidation, in their sole discretion.

Oroco Resource Corp. is pleased to announce that it has closed its non-brokered private placement with a second tranche of 300,000 units at a price of $0.20 per unit for proceeds of $60,000. Each unit consists of one common share and one-half of one non-transferable common share purchase warrant. Each whole share purchase warrant is exercisable for a period of eighteen months into one additional common share at a price of $0.35 per share.

War Eagle Mining Company Inc. has closed its non-brokered private placement announced on November 20, 2012 consisting of 4,350,877 units at a price of $0.07125 per unit for gross proceeds of $310,000. Each unit is comprised of one common share of War Eagle and one common share purchase warrant entitling the holder to purchase one common share of War Eagle at a price of $0.10 until December 21, 2014.

Vista Gold Corp. announced today the closing of its previously announced public offering of 4,182,550 units, which includes 545,550 units issued pursuant to the full exercise of the underwriters’ over-allotment option. The units were offered at a price to the public of US$2.75 per unit. Each unit is comprised of one common share of the Company and one-half of one common share purchase warrant, with each whole warrant exercisable to purchase one common share of the Company’s stock at a price of US$3.30 for a period of 24 months from the closing of this offering. The Company will not apply for the listing of the warrants on any stock exchange.

Mercator Minerals Ltd., further to the Company’s September 28, 2012 press release, is pleased to announce that it has executed an agreement with RMB Australia Holdings Limited (“RMB”) for a $30 million corporate debt facility arranged by RMB Resources Inc., a resource financing division of the FirstRand Group of South Africa. The Company has drawn down $27.3 million of the Facility. The remainder of the Facility will be available to Mercator once certain security is registered in Mexico.

Cerro Resources NL today announces that it has entered into a definitive agreement with Primero Mining Corp. aimed at progressing the planned Cerro del Gallo gold/silver heap leach mine in Mexico, under which: