Month: March 2012

Baja Mining Corp. today reported that Glass Lewis & Co., a leading independent proxy advisory firm, has recommended that Baja shareholders vote the GOLD proxy in support of Baja’s Board.

Lake Shore Gold Corp. today announced details of the Company’s financial and operating results for the fourth quarter and full-year 2011. Key accomplishments for 2011 include significant growth in resources, including releasing initial resources for both Thunder Creek and Fenn-Gib, doubling production from a year earlier and continuing to achieve significant exploration success with a number of new discoveries and extensions announced during the year.

Axiom Gold and Silver Corp. is pleased to announce that it has entered into a letter of intent to combine with Takara Resources Inc. of Toronto, Ontario.

Levon Resources Ltd wishes to announce the appointment of Ms. Annie Chan, CA to succeed Ms. Lisa Sharp as Chief Financial Officer of the Company

Aurion Resources Ltd. is pleased to report that it has completed its previously announced non-brokered private placement, for 8,571,426 million units at a price of CDN$0.35 per unit to raise aggregate gross proceeds of CDN$3 million. Each unit consists of one common share of Aurion and one full share purchase warrant of Aurion. Each whole share purchase warrant will entitle the holder thereof to acquire one additional common share of Aurion at an exercise price of CDN$0.45 cents per share for three years. Aurion can elect to accelerate the exercise of the warrants if Aurion’s volume-weighted average share price is at or above CDN$0.70 per share, based on the preceding 20 day closing share price. Finder fees of $99,612 in cash and 310,000 units (share plus warrant) and 424,718 compensation warrants are payable in connection with this financing. These warrants have the same terms as the above share purchase warrants.

Defiance Silver Corp is pleased to announce that further to the Defiance news release dated August 31, 2011, George Gorzynski, P.Eng., has joined its Board of Directors. Mr. Gorzynski holds a Bachelor of Applied Science (Honours) from the University of Toronto and a Master of Applied Science from the University of British Columbia. He is a Professional Engineer registered in the Province of British Columbia. George has over 30 years experience exploring and developing mining projects in Mexico and worldwide.

Oroco Resource Corp. announces it has today closed the second and final tranche of a non-brokered private placement financing (the “Financing”) it previously announced by news release dated February 27, 2012, and amended March 2, 2012. The Company has raised gross proceeds of $647,500 in this second tranche closing through the sale of a total of 2,590,000 units at a price of $0.25 per unit. Each unit consists of one common share and one half of one common share purchase warrant. Each whole share purchase warrant will be exercisable into one additional common share for a period of 18 months at a price of $0.40 per share. The securities issued in connection with this private placement will be subject to a four-month hold period in accordance with applicable Canadian Securities Laws.