Minera Frisco (MFRISCOA1.MX), a mining company controlled by Mexican tycoon Carlos Slim, said on Thursday it had struck an exploration agreement in Mexico with a local unit of Canadas Goldcorp Inc (G.TO) in which the two would be equal partners.
Harvest Gold’s President and CEO Rick Mark states: “We are all very pleased to have a person of Pat’s background and experience join the Harvest Board as an Independent Director. I first met Pat ten years ago when he was a Mining Analyst and I was running VMS Ventures. He was professional, thorough and really understood want it took to be successful in exploration endeavors. Since then, he has moved to the management side of the public company world and recently had a great run as President of First Mining Gold Corp. where he raised significant dollars, built an impressive Company and learned much about Gold and Silver exploration in Mexico. He is a perfect fit for us and I look forward to working with him.”
Discovery Metals Corp. (TSX-V: DSV) is pleased to announce the results of voting at its Annual General and Special Meeting held Tuesday, June 26, 2018 in Toronto, Canada. Shareholders voted in favor of all items put forward by the Board of Directors and management. Shareholders voted in favor of the election of all director nominees.
Aura Silver Resources (TSX-V:AUU) is pleased to announce that Robert Johansing has been appointed to the position of President and Chief Executive Officer of the Company effective June 25, 2018, subject to TSX Venture Exchange approval. As previously announced, Mr. Johansing was appointed as a director of the Company on May 23, 2018.
Mr. Murphy is a co-founder and director of Torex Gold Resources Inc. Mr. Murphy was responsible for identifying the Morelos Gold project in Guerrero Mexico as an acquisition opportunity, negotiating the purchase of Morelos from Teck in a very competitive environment, arranging a $240million+ financing to support this acquisition, and in recruiting the board and management. Morelos has now been brought into production at ~370,000 oz per year. He is also the President and Chief Executive Officer of RedZone Resources Inc., a company focused on acquiring and developing battery metals projects. Mr. Murphy previously spent 15 years working in institutional equities in London, with Merrill Lynch, Donaldson, Lufkin & Jenrette and Credit Suisse, where he ran the Credit Suisse hedge fund coverage team. Mr. Murphy graduated from the University of British Columbia with a Bachelor of Arts, from Saint Marys University with a Master of Business Administration and from the London School of Economics and Political Science with a Master of Science in Finance and he is a certified director, ICD.
New Tech Lithium Corp (CSE:NTM) has appointed Jonathan George, BSc (geology), to its board of directors and to the office of president of the company.
Following the retirement of the Companys executive directors, Jim Williams and Tony Williams in May 2018, and the appointment of Dennis Edmonds as Executive Chairman, the Company has benefited from fresh leadership, a new perspective, and the financial support of experienced mining professionals through the injection of additional cash resources in May 2018.
Tim Barry, Silver Bull President and CEO, stated, “As announced by the Company on June 4, 2018, the Company granted South32 Limited (ASX/JSE/LSE: S32) an option to form a 70/30 joint venture with respect to its Sierra Mojada Project. Upon the closing of the Private Placement, the Company expects to be fully funded for the initial four year option period under the option agreement, provided that South32 maintains the option in good standing by advancing the requisite funding pursuant to the terms of the option agreement.”
Geologix Explorations Inc. (TSX-V: GIX) announces that, effective at the market opening on Thursday, June 28, 2018, Geologix will change its name to ValOro Resources Inc. and its common shares will commence trading on the TSX Venture Exchange using the new symbol VRO on a consolidated basis of one new share for ten existing shares. The share consolidation was approved at the Company’s Special Meeting of Shareholders held on June 21, 2018 with 85.3% of the votes cast in favour. In connection with these changes, Letters of Transmittal will be mailed to shareholders providing instructions on the exchange of Geologix share certificates for post-consolidated ValOro share certificates.
Harvest Gold Corporation (TSX.V: HVG) is pleased to announce that, further to its news release of June 8, 2018, it has closed a second tranche of its non?brokered private placement issuing an additional 2,992,000 units at a price of $0.05 per Unit, raising additional gross proceeds of CDN$149,600 for a total of CDN$479,600 gross proceeds raised to this point in the Private Placement. Each Unit consists of one common share and one transferable common share purchase warrant exercisable at $0.10 per share for a period of two years.
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