Tag: Investor’s Corner

Aura Minerals Inc. today announced a consolidation of its common shares on the basis of one new Share for ten old Shares, effective December 31, 2018. The Company’s consolidated common shares are expected to begin trading on the Toronto Stock Exchange when the markets open on January 4, 2019.

Santacruz Silver Mining Ltd. has completed its previously announced issuance of 250,000 of its common shares to Haywood Securities Inc. pursuant to an amended financial advisory agreement between the Company and Haywood. The Advisory Fee Shares were issued to Haywood, along with a cash payment of $1,063, in satisfaction of general financial advisory services provided to the Company by Haywood, including services relating to the Company’s disposition of its interest in the Gavilanes Project in August 2017. The TSX Venture Exchange has accepted the issuance of the Advisory Fee Shares. The Advisory Fee Shares were issued at a deemed share price of $0.085 (gross value: $21,250).

The head of Mexico’s mining industry said the new government does not seek to implement drastic changes in the sector, cancel concessions or raise royalties that companies pay to extract minerals.

First Mining Gold Corp. is pleased to announce that Daniel Wilton has been appointed as the Company’s new Chief Executive Officer effective as of January 7, 2019. Mr. Wilton replaces Dr. David Shaw, a First Mining director who was appointed as interim CEO in mid-October 2018 until a permanent CEO had been identified. Dr. Shaw will continue to serve as a director of the Company.

Westminster Resources Ltd. is pleased to announce the appointment of Mr. Jason Cubitt as the new Interim President and Chief Executive Officer of the Company effective immediately. The Company has accepted the resignation of Mr. Glen Indra as its President, CEO and Director and wishes to thank Glen for his years of service to Westminster.

McEwen Mining Inc. is pleased to announce that it has closed its previously announced “bought deal” private placement of 6,634,000 common shares of the Company that will qualify as “flow-through shares” at a price of US$2.26 (Cdn$3.02) per Flow-Through Share for total gross proceeds of US$15,000,000 (Cdn$20,034,680). The Offering was completed through a syndicate of underwriters led by Cantor Fitzgerald Canada Corporation as sole bookrunner and included BMO Capital Markets and TD Securities Inc.

Minaurum Gold Inc., is pleased to announce that it has received $3,981,937.50 in proceeds from the exercise of warrants bringing its consolidated cash balance to approximately $10M. These additional funds provide Minaurum with the flexibility to expand its on-going exploration program at the Alamos silver project. Minaurum currently has 308,939,046 shares issued and outstanding.

Alamos Gold Inc. today announced that it has filed with and received acceptance from the Toronto Stock Exchange for a Notice of Intention to make a Normal Course Issuer Bid permitting Alamos to purchase for cancellation up to 25,513,043 Class A Common Shares representing 10% of the Company’s public float of the Common Shares as of December 14, 2018, being 255,130,432 Common Shares. As at December 14, 2018, there were 391,248,754 Common Shares issued and outstanding.

IMPACT Silver Corp. announces that further to its press release dated November 6, 2018, the Company has obtained an extension from the TSX Venture Exchange of the deadline to complete the previously announced non-brokered private placement of up to 5,555,555 units at a price of $0.27 per Unit for gross proceeds of approximately $1.5 million to January 18, 2019. Each Unit consists of one common share and one warrant. Each Warrant entitles the holder to acquire one Share at a price of $0.35 and expires in 24 months.