Tag: Investor’s Corner

At the Meeting, all director nominees listed in the Company’s management information circular dated May 10, 2018, were elected as directors of the Company.

Aura Silver Resources (TSX-V:AUU) announces that it intends to extend the expiry date of 3,500,000 warrants from July 9, 2018 to July 9, 2020. These warrants are held by arm’s length investors and were originally issued in a non-brokered private placement that closed on July 9, 2015. The exercise price of these warrants remains unchanged at $0.05.

In response to commitments from several investors to purchase securities of the Company in the aggregate amount of $6.5 million, the Company has decided to increase the size of the Offering to a maximum amount of $8 million and to amend the terms of the units of the Company to be sold under the Offering. The Offering will now consist of the sale of up to 53,333,333 Units at a price of $0.15 per Unit. The size of the Offering may be further increased at the discretion of the Company due to market demand.

Hundreds of feet below thick boreal forest blanketing the Canadian Shield, a squad of near-silent, battery-powered machines are tunneling toward gold in a multimillion-dollar mining experiment to ditch diesel.

Dan O’Flaherty, President and CEO of Maverix, commented, “We are pleased to be working with CIBC and NBF and appreciate the support and confidence they have shown in our business model. The expected increase in our operating cash flows, coupled with this facility, should provide Maverix with greater financial flexibility and capacity to continue to grow our precious metals royalty and streaming portfolio.”

Shareholders voted in favour of all items proposed by the Board of Directors and management.

Golden Reign Resources Ltd. (TSX-V: GRR), Marlin Gold Mining Ltd. (TSX-V: MLN) and Sailfish Royalty Corp. (TSX-V: FISH) are pleased to announce that they have entered into an agreement to extend the termination date of the previously announced non-binding letter of intent regarding the business combination of Golden Reign’s wholly-owned San Albino-Murra Property in Nueva Segovia, Nicaragua and Marlin’s La Trinidad Mine in Sinaloa, Mexico. The LOI will now terminate on the earlier of (a) June 29, 2018, (b) entering into of the definitive arrangement agreement in connection with the business combination, and (c) such other date as may be mutually agreed by the parties in writing. All other terms of the LOI remain in full force and effect, unamended.

Further to its news release of June 12, 2018, Starcore International Mines Ltd. (TSX:SAM) is pleased to announce it has completed a private placement of secured bonds in the aggregate principal amount of CDN$3 million. The Bonds bear interest at 8% per annum, payable on maturity, and mature on June 18, 2020. The Bonds are secured by a charge over all of the Company’s and its subsidiaries assets.

Avino Silver & Gold Mines Ltd. (ASM: TSX/NYSE American/GV6: FSE) is pleased to announce that Peter Bojtos has joined the Company’s Board of Directors as an independent Director effective June 15, 2018; and in addition, we are also delighted to provide a corporate update to announce recent promotions.

Silver One has also been advancing its Peñasco Quemado project in the state of Sonora, Mexico. The Company was the first to complete property wide geological mapping, soil geochemistry and geophysical surveys that yielded very promising results. Large zinc and lead soil anomalies (values to over 2,000 ppm) occur in two separate areas of the property. The results extended the known mineralized strike by over 2.6 kilometres from the historic resource area where near-surface silver mineralization of just under 10 million ounces of silver has been identified. Additionally, an anomalous area of zinc and lead in soils occurs over an area of 3 kilometres by 5 kilometres in the south-western portion of the property. Silver One plans to drill the Peñasco Quemado targets to test for the potential for a large zinc-lead-silver mineralized system at depth.