Vancouver, British Columbia, Canada (January 27, 2012) Galena Capital Corp. (TSX.V: FYI), (“Galena” or the “Company”) is pleased to announce the appointment of Mr. Craig Lindsay as President and Chief Executive Officer.
Lincoln Mining Corporation announces its plans to conduct a non-brokered private placement of up to 4,000,000 units at a price of $0.075 per unit for total proceeds of up to $300,000. Each Unit will be comprised of one common share of the Company and one half of one non-transferable common share purchase warrant. Each whole purchase warrant will entitle the holder to acquire one additional common share of the Company at a price of $0.10 per share for a period of one year from closing.
Tarsis Resources (CVE:TCC) announced after the bell Tuesday that it has agreed to a $1 million private placement financing, as well as to the transfer of an option agreement on the Prospector Mountain property in Yukon.
Gold Resource Corporation announced preliminary 2011 fourth quarter and record year end production totals. The Company set its 2012 Outlook and continues to target an aggressive low-cost growth profile. Gold Resource Corporation is a low-cost gold producer with operations in the southern state of Oaxaca, Mexico.
Scorpio Mining Corporation is pleased to announce that the proposal to expand its 100% owned Nuestra Señora processing plant, located in Sinaloa, Mexico has been approved by its Board of Directors.
Source Exploration Corp. (“Source” or the “Company”) (TSX VENTURE:SOP) is pleased to announce that it has arranged a non-brokered private placement (the “Offering”) of up to 10,000,000 units of the Company (the “Units”) at a price of $0.26 per Unit for gross proceeds of up to $2,600,000. Each Unit will consist of one common share of the Company and one half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder to purchase one common share of the Company for a period of twelve months from the closing date of the Offering at a price of $0.60 per common share, provided that the Company will have the right to accelerate the expiry date on notice to the Warrant holders if the closing price of its common shares on a stock exchange in Canada is higher than $0.80 per common share for a period of 20 consecutive trading days after four months from the closing date of the Offering, in which case the Warrants will expire 30 days after the date on which such notice is given.
Base Case Study Shows an Internal Rate of Return of 19.5 % Before Tax and 14.8 % After Tax;
Estimates Recovery of 131 Million Ounces of Silver and 190 Thousand Ounces of Gold, 1.4 Billion Pounds of Zinc and 1.0 Billion Pounds of Lead in the Near Surface 30 Percent of the Cordero Resource
VANCOUVER, British Columbia–(BUSINESS WIRE)– Westridge Resources Inc. (the “Company”) announces that Mr. Bill Radvak has been appointed Chairman of the Board of the Company.
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