Guerrero Exploration Inc. announces that it has issued 290,000 options on October 7, 2011 to a consultant at an exercise price of $0.16 per share for a term of 5 years. These options vest immediately. The last closing price on the TSX-V prior to October 7, 2011 was $0.16.
Toronto, October 18, 2011 – Scorpio Mining Corporation (TSX:SPM) (“Scorpio Mining” or the “Corporation”) reports that production in the third quarter ended September 30, 2011 (“Q3 2011”) from the Nuestra Señora operation totalled 604,975 silver equivalent ounces*, representing a 13% increase over Q3 2010.
Primero Mining Corp. announced today that it has filed a formal application to the Mexican tax authorities for an advance ruling on the Company’s restructuring plan that, if successful, would result in paying income taxes in Mexico based on realized rather than spot revenue. When completed, the advance tax ruling process will provide certainty and resolution to the Company’s restructuring plan. It will also ensure the Company will avoid tax penalties that could arise should the Mexican tax authorities disagree with the restructuring plan.
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