Day: January 24, 2013

VVC Exploration Closes Subscriptions on $958,500 Financing

VVC Exploration Corporation is pleased to announce that it has closed subscriptions for a previously announced non-brokered private placement. Subscriptions received aggregate $958,500 and represent 19,170,000 units of the Company at a price of $0.05 per Unit, exceeding the target of $850,000. Each Unit consists of one common share and one common share purchase warrant of the Company. Each Warrant entitles the holder to purchase one additional common share of the Company at $0.12 per share for 1 year and thereafter at $0.18 per share until 2 years after closing.

Baja Mining Provides Boleo Project Financing Update

Baja Mining Corp. has been informed by Minera y Metalurgica del Boleo, S.A.P.I. de C.V. that, as of January 15, 2013, Kores has advanced an additional US$115 million to MMB for continued construction of the Boleo project.

Southern Silver Adopts Advance Notice Policy for Director Nominations

Southern Silver Exploration Corp. announces that its board of directors has approved an advance notice policy for the purpose of providing shareholders, directors and management of Southern Silver with a clear framework for nominating directors. The Policy is designed to further Southern Silver’s commitment to: (i) facilitating an orderly and efficient annual general or, where the need arises, special meeting, process; (ii) ensuring that all shareholders receive adequate notice of the director nominations and sufficient information regarding all director nominees; and (iii) allowing shareholders to register an informed vote after having been afforded reasonable time for appropriate deliberation.

Impact Silver Corp.: Stock Options Granted

IMPACT Silver Corp. announces that it has granted incentive stock options under its Stock Option Plan to directors, officers, employees and consultants exercisable for 2,500,000 shares of IMPACT. The options are exercisable on or before January 23, 2018 at a price of $1.20 per share.

Grupo Mexico Plans Capital Expenditure of $3.5 Billion in 2013

Mexican mining and railroad company Grupo Mexico SAB (GMEXICO.MX) said Thursday that it’s proposing to invest $3.5 billion in 2013, including $2 billion in its mining operations, $1 billion in infrastructure and $500 million in its railways.

Coeur d’Alene Mines to Offer Senior Notes

Coeur d’Alene Mines Corporation today announced its intention to offer, subject to market and other conditions, U.S. $200,000,000 of Senior Notes due 2021. The Notes will be fully and unconditionally guaranteed by certain of the Company’s subsidiaries. The Company intends to use the net proceeds from the Notes offering to fund internal and external growth initiatives and for general corporate purposes, which may include repurchasing 3.25% Convertible Senior Notes due 2028 that are put to the Company at or after March 15, 2013.

Almaden Hits 60.50 Meters of 2.9 g/t AuEq (2.21 g/t Au, 35.8 g/t Ag) Outside Resource Shell on Main Ixtaca Zone

Almaden Minerals Ltd. is pleased to announce the remaining results from the 2012 drill program on the Ixtaca Zone of the Company’s 100% owned Tuligtic project, Mexico. Drilling confirmed the high-grade intersections previously announced on section 11+000E (see Almaden news release of November 26th, 2012) with a new intersection on this section of 60.50 meters of 2.21 g/t gold and 35.8 g/t silver (2.9 g/t gold equivalent). Mineralisation was also traced 50 meters further to the east with intersections on section 11+050E including 100.84 meters of 0.67 g/t gold and 7.5 g/t silver (0.8 g/t gold equivalent). Further drilling is planned to both expand known mineralisation and to define the new high grade zone seen on section 11+000E, the extent and orientation of which are not presently understood.

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