Vancouver, Canada – March 22, 2011 – Endeavour Silver Corp. (TSX: EDR, NYSE: EXK, DB Frankfurt: EJD) announced today record earnings, cash-flows and revenues for the fourth quarter and fiscal year ended December 31, 2010, thanks to the Company’s sixth consecutive year of growing silver and gold production, lower cash operating costs and higher precious metal prices.
Levon Resources Ltd. (TSXV: LVN) (“Levon”) is pleased to announce that an overwhelming majority of the shareholders of Valley High Ventures Ltd (TSXV: VHV the “VHV Shareholders”) and option holders of VHV (“VHV Option holders”) who voted today at VHV’s annual and special meeting (the “Meeting”) have voted to approve the plan of arrangement (the “Arrangement”) pursuant to which Levon will acquire all of the issued and outstanding securities of VHV.
On completion of the Arrangement, VHV shareholders will hold approximately 43% of the pro forma outstanding shares of Levon, on a fully-diluted basis. VHV shareholders will own 100% of a new exploration company, Bearing Resources Ltd. (“Bearing”), which will own all of VHV’s assets outside of the Cordero Project (as defined in the January 16, 2011 Arrangement Agreement between VHV, Levon and Bearing), and will have $1.8-million in cash. For further details on the Arrangement, please see VHV’s management information circular dated February 18, 2011 on VHV’s SEDAR profile, and VHV and Levon’s joint press release dated January 17, 2011, filed on both the VHV and LVN SEDAR profiles at www.sedar.com.
VHV’s application to the Supreme Court of British Columbia to obtain the final court order approving the Arrangement is scheduled for Wednesday, March 23, 2011. Assuming court approval is obtained and that all other conditions to the Arrangement are satisfied or waived, the Arrangement is expected to become effective on or shortly after March 24, 2011.
For further details on the Arrangement, please see the Joint Press Release filed by Levon and VHV on January 17, 2011, available on both of their SEDAR profiles at www.sedar.com.
Levon is a junior gold and precious metals exploration company exploring the Cordero silver, gold, zinc and lead project near Hidalgo Del Parral, Chihuahua, Mexico. The Norma Sass and Ruf claims located near the Pipeline gold deposit, which is being mined and explored by Barrick Gold Corporation in the heart of the Cortez Gold Trend in Lander County, Nevada, USA. The Company also holds key land positions at Congress, BRX, and Wayside in the productive Bralorne Gold camp of British Columbia, Canada.
For further information contact Levon Resources Ltd. at (604) 682-3701, or log onto our website www.levon.com.
LEVON RESOURCES LTD.
“Ron Tremblay”
______________________________
Ron Tremblay
President and CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This release contains statements that are forward-looking statements and are subject to various risks and uncertainties concerning the specific factors disclosed under the heading “Risk Factors” and elsewhere in the Company’s periodic filings with Canadian securities regulators. Such information contained herein represents management’s best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward-looking statement.
TORONTO, ONTARIO–(Marketwire – March 21, 2011) – Primero Mining Corp. (“Primero” or the “Company”) (TSX:P) today announced that it has purchased call options on silver at an average strike price of US$39. The options cover two thirds of the estimated silver sales to Silver Wheaton Corp. (“Silver Wheaton”) over the next six months for a total cost of US$2.3 million. The call options were purchased to improve the Company’s leverage to silver and reduce the adverse tax impact of the Silver Purchase Agreement with Silver Wheaton, particularly in the event of a dramatic short-term rise in the silver price.
Minefinders and Torex Gold Up With Strong Volume
NEW YORK (TheStreet) — The ex-dividend date for Kinross Gold Corporation (NYSE:KGC) is tomorrow, March 22, 2011. Owners of shares as of market close today will be eligible for a dividend of five cents per share. At a price of $15.06 as of 9:31 a.m. ET, the dividend yield is 0.7%.
TORONTO, March 21 /CNW/ – Zaruma Resources Inc., (TSXV:ZMR.H), (the “Company” or “Zaruma”) announced that it has completed the final portion of the bridge financing conditionally approved by the TSX Venture Exchange, through a Private Placement of a total of 4 million units comprising one common share and one warrant entitling the holder to acquire an additional common share of the Company for C$0.10 for a period of one year from the date of subscription. The units are priced at C$0.05 with the proceeds being used for the Company’s cash requirements leading up to the previously announced equity and debt financing to complete the Luz del Cobre Copper Project.
GREAT PANTHER SILVER LIMITED (TSX:GPR)(NYSE Amex:GPL) (the “Company”) is pleased to announce the audited financial results for the Company’s year ending December 31, 2010. The full version of the financial statements and the management discussion and analysis can be viewed on the Company’s web site at www.greatpanther.com or on SEDAR at www.sedar.com. To view the Company’s Annual Report on Form 20-F which includes the Company’s audited financial statements for the year ended December 31, 2010, please click on the following link http://sec.gov/edgar.shtml.
Timmins Gold Corp. (TSX VENTURE:TMM). In an appearance on Canada’s Business News Network this afternoon, the CEO of Gammon Gold Inc. stated: “We will announce tomorrow when the Capital Gold special meeting will be, but it will be this month.” It seems that the CEO of Gammon intends to postpone the special meeting of the shareholders of Capital Gold Corporation.
Capital Gold Corporation (NYSE AMEX: CGC; TSX:CGC) (“Capital Gold” or “CGC”) announced that, on March 17, 2011, it entered into an amendment to its merger agreement with Gammon Gold Inc. (“Gammon Gold”), which increases the cash component of the merger consideration payable to CGC’s stockholders by $0.30, from $0.79 to $1.09.
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