Day: July 14, 2011

Corex Announces Non-Brokered Private Placement for up to 3,333,333 Units

Corex Gold Corp. is pleased to announce a non-brokered private placement of up to 3,333,333 units at a price of $0.30 per unit, for aggregate gross proceeds of up to CDN $1,000,000. Each unit will consist of one common share and one half warrant, exercisable by the holder to acquire one additional common share at a price of $0.45 for 12 months from Closing. The warrants are subject to an accelerated expiry which comes into effect once the shares trade above a weighted average price of $0.50 for any twenty consecutive trading-day period, subsequent to four months from Closing. In the event of an accelerated expiry, the expiry date will be the earlier of the regular two year expiry date and 30 days from the date the Company advises the placees of the accelerated expiry. The Private Placement and payment of any finder’s fee are subject to acceptance by the TSX Venture Exchange.

Dia Bras Exploration Appoints Fernando Piccini As CFO

Dia Bras Exploration Inc. announced the appointment of Fernando Piccini as Chief Financial Officer or CFO, effective immediately. Piccini, replaces Chief Financial Officer, Ernesto Duran, who has tendered his resignation to assume a consulting position.

ECU Silver Mining Inc. Announces Closing of Private Placement of Convertible Notes

TORONTO, ONTARIO, Jul 14, 2011 (MARKETWIRE via COMTEX) — ECU Silver Mining Inc. (“ECU”) is pleased to report that it has closed the previously announced issuance of CAD$15 million principal amount, 0.0% senior unsecured convertible notes at par (the “Convertible Notes”) in a private placement (the “Private Placement”) to Golden Minerals Company (“Golden”). The Private Placement was described in the June 24, 2011 joint press release in which ECU and Golden announced the signing of an arrangement agreement pursuant to which the two companies have agreed to merge by way of plan of arrangement under the Quebec Business Corporations Act (the “Arrangement”).

All News