Tag: Investor’s Corner

At the annual meeting, the shareholders elected the nine individuals nominated to be directors and ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2018.

Net proceeds of the Offering, if any, together with the Company’s current cash resources and free cash flow, will be used to advance its Terronera project and for general corporate purposes.

Sr. Jose Antonio Berlanga, Telson’s CEO stated: “We would like to thank Nyrstar for their good faith negotiations, continued support and cooperation in reaching a mutually agreeable extension and loan agreement. By renegotiating and extending the final payment terms for the Campo Morado acquisition we are extremely pleased to once again protect our shareholders by avoiding the immediate need to raise equity funding in what we consider an undervalued market. With the recent declaration of Commercial Production at Campo Morado we are very confident our free cash flows will easily support the loan repayment terms.”

“Lithium Australia will expedite commercialisation of the SiLeach® process, capitalising on the advantages gained by solving this processing challenge. Being able to produce lithium chemicals without the necessity of evaporating large quantities of water clearly puts us ahead of our peers.”

Starcore International Mines Ltd. (TSX:SAM) has arranged a private placement of secured bonds in the aggregate principal amount of CDN$3 million. The Bonds will bear interest at 8% per annum, payable on maturity, and will mature 24 months from the date of closing. There are also provisions for early repayment. The Bonds are secured by a charge on all of the Company’s assets.

The Company has also received final acceptance from the TSX Venture Exchange for the option agreement with YQ Gold de Mexico, S. de R.L. de C.V., pursuant to which Ridgestone has been granted an option to acquire a 100% interest in what is known as the gold-copper Rebeico Property located in Sonora, Mexico. The Company has issued an aggregate of 845,347 common shares and paid a cash sum of US$50,000 to satisfy the initial payment obligation under the Option Agreement.

All of the director nominees were duly elected by shareholders present or represented by proxy.

Almaden intends to use the net proceeds of the Offering for exploration and development activities relating to the Ixtaca project, and for general corporate purposes.

“Our report this year focuses on how we are building value as the foundation for our future,” said Darren Pylot, President and CEO. “The 2017 report provides insight into how we are working to continuously create and preserve both internal and external value as an organization – for our employees, local communities, shareholders and society as a whole through the production of copper.”

“We are extremely pleased to have Doug join our management team,” said Greg McCunn, Chief Executive Officer. “His experience, knowledge and operational leadership skills will enhance our ability to deliver consistent results at our operating mines. I look forward to working with him to build Alio into a mid-tier precious metals company.”