High Desert Gold Corporation is pleased to report that today it closed two non-brokered private placements for gross proceeds of Cdn$3,628,400.
Starcore International Mines Ltd. announces that in 2013 it will focus on increasing shareholder value through exploration and development at its wholly-owned San Martin gold and silver mine in Queretaro, Mexico. In order to achieve this goal, Starcore has scheduled an enhanced exploration program to commence in February 2013, comprised of 5000 meters of drilling to unlock the potential at the San Martin gold-silver mine. To facilitate this objective for 2013, the Company has renegotiated its loan facility with Sprott Resource Lending Corp. whereby Starcore will not be required to make any further principal payments on its outstanding loan with Sprott Lending until October 31, 2013. The Company and Sprott Lending have amended the terms of the outstanding credit facility to allow Starcore the flexibility to make one balloon payment by October 31, 2013, thus enabling the Company to immediately allocate surplus revenue to exploration.
Baja Mining Corp. is pleased to announce the appointment of Nigel Kirkwood as Chief Financial Officer, effective December 27, 2012.
Capstone Mining Corp. announced today acceptance by the Toronto Stock Exchange of the Company’s Notice of Intention to make a Normal Course Issuer Bid. Pursuant to the NCIB, Capstone proposes to purchase through the facilities of the TSX and other Canadian marketplaces, from time to time over the next 12 months, if considered advisable, up to an aggregate of 34,014,871, being approximately 10% of the public float of its common shares, as of December 21, 2012. Purchases may commence through the TSX on December 31, 2012 and will conclude on the earlier of the date on which purchases under the bid have been completed and December 30, 2013. As of December 21, 2012, Capstone had 381,507,382 issued and outstanding common shares.
Kinross Gold Corporation would like to clarify a news release issued by Southridge Enterprises Inc. on December 26th, 2012 announcing a joint partnership between itself and Kinross relating to the Cinco Minas and Gran Cabrera properties in Mexico. The news release contained a number of statements regarding the value and status of the joint venture, and a quote from a Kinross employee.
Southridge Enterprises Inc. is excited to announce a new Joint Partner, Kinross, a Major listed Mining Company for its Cinco Minas and Gran Cabrera properties. Southridge’s joint partnership with Kinross, a major NYSE listed gold mining company, is valued at roughly $550,000,000 to $600,000,000. Due to numerous shareholder inquiries Southridge and its Board of Directors felt the need to update the market on its recent announcement named, “Southridge Announces Signed Agreement with Major NYSE Listed Mining Company on Cinco Minas and Gran Cabrera Gold & Silver Mines in Mexico.”
Soho Resources Corp. announces that at the Company’s Annual General and Special Meeting of shareholders held on December 21, 2012, shareholders of the Company unanimously approved a consolidation of the shares of the Company on the basis of up to an 8 (old) for 1 (new) share, and authorized the Directors of the Company to implement the Consolidation, and to determine the exact consolidation ratio and the timing of any Consolidation, in their sole discretion.
Oroco Resource Corp. is pleased to announce that it has closed its non-brokered private placement with a second tranche of 300,000 units at a price of $0.20 per unit for proceeds of $60,000. Each unit consists of one common share and one-half of one non-transferable common share purchase warrant. Each whole share purchase warrant is exercisable for a period of eighteen months into one additional common share at a price of $0.35 per share.
War Eagle Mining Company Inc. has closed its non-brokered private placement announced on November 20, 2012 consisting of 4,350,877 units at a price of $0.07125 per unit for gross proceeds of $310,000. Each unit is comprised of one common share of War Eagle and one common share purchase warrant entitling the holder to purchase one common share of War Eagle at a price of $0.10 until December 21, 2014.
Vista Gold Corp. announced today the closing of its previously announced public offering of 4,182,550 units, which includes 545,550 units issued pursuant to the full exercise of the underwriters’ over-allotment option. The units were offered at a price to the public of US$2.75 per unit. Each unit is comprised of one common share of the Company and one-half of one common share purchase warrant, with each whole warrant exercisable to purchase one common share of the Company’s stock at a price of US$3.30 for a period of 24 months from the closing of this offering. The Company will not apply for the listing of the warrants on any stock exchange.
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