SilverCrest Mines Inc. is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Dundee Securities Ltd., and including Canaccord Genuity Corp. to purchase 10,235,000 common shares of the Company at a price of $2.55 per Common Share for gross proceeds of $26,099,250 on a bought deal basis.
Primero Mining Corp. announced today that the Company’s Mexican subsidiary has received a positive ruling from the Mexican tax authorities (Servicio de Administración Tributaria) on its Advance Pricing Agreement filing made in October 2011. The ruling confirms that the Company’s Mexican subsidiary appropriately records revenue and taxes from sales under the silver purchase agreement1 at realized prices rather than spot prices effective from August 6, 2010.
Kootenay Silver Inc. is pleased to announce that it has entered into an agreement with Dundee Securities Ltd., on behalf of a syndicate including PI Financial Corp. under which the Agents have agreed to offer for sale, on a best efforts private placement basis, 5,720,000 units at a price of $1.05 per Unit for gross proceeds of $6,006,000.
(Reuters) – A sudden squall of equity deals arranged for Canadian junior miners signals a potential thaw in a year-long freeze on new financings that has held back the pace of mining exploration.
Vancouver-based Tarsis Resources (CVE:TCC) late yesterday said that the financing it announced last month was oversubscribed, and has therefore increased the offering by more than double to $1.03 million.
Canasil Resources Inc. announces that MAG Silver Corp. has mobilized crews to prepare for the start of the Phase 2 drill program in early October 2012 at Canasil’s La Esperanza silver-zinc-lead project in Durango and Zacatecas States, Mexico. Plans include up to 3,500 metres of diamond drilling to test three silver-lead-zinc veins in the northwest of the project area. This drill program will be part of the CAD$1,500,000 exploration expenditures required between September 2012 and September 2013 under the option agreement for MAG to earn a 60% interest in the La Esperanza project.
Musgrove Minerals Corp. announces that, subject to TSX approval, it has entered in to a amending agreement with Westridge Resources with regards to the Charay Gold project in Sinaloa, Mexico.
Seafield Resources Ltd. is pleased to announce the appointment of David Prins as the Company’s Chief Operating Officer, effective today.
ABOT Mining is pleased to announce its acceptance of ore quality for the acquisition of the first 500 tons of gold and silver ore from Rising Star Mining.
Jim Williams, Arian Silver CEO (LON:AGQ CVE:AGQ) tells Proactiveinvestors that while the company is waiting for the interim mill to be agreed upon the ultimate goal is to work towards a bespoke mill to increase milling capacity and ultimately bring production costs right down. Jim also talks about Arians biggest shareholder which is also one of worlds biggest silver investors Sprott Asset Management
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