Month: September 2013

DynaResource, Inc. is pleased to announce the appointment of Mr. Chad Mooney to the position of Executive Vice President-Capital Markets, effective immediately. Mr. Mooney has over 35 year’s highly productive history on Wall Street, and brings with him an extraordinary record of achievement in financial management and public and private capital markets. Mr. Mooney previously built a top 10 business at Smith Barney, where he was the largest equity syndicate producer, as well as having the largest listed equity trading business. Mr. Mooney chaired the Director’s Advisory Group at Smith Barney, representing all financial advisors at Smith Barney, and he reported directly to his mentor, Mr. Jamie Dimon, the current Chairman and CEO of financial giant, JP Morgan Chase & Co. From 1990 to 2004, Mr. Mooney served as Director of Investments for Smith Barney, and personally oversaw and advised $ 3.5 B. in client assets. In 2000, after playing a key role in building the largest water company in the world (U.S. Filter, a NYSE Listed Company) Mr. Mooney coordinated the sale of U.S. Filter to Vivendi, for $ 8.1 B Cash. Joining DynaUSA, Mr. Mooney is expected to work directly with Company Chairman-CEO Mr. K.D. Diepholz, and will manage the Company’s interface with public and private capital, capital markets, Investment Banks and Investors.

Aurcana Corporation is pleased to announce that it has executed definitive agreements with MF2 Investment Holding Company Limited, part of Orion Mine Finance Fund I, for a loan facility in the principal amount of US$50,000,000 and an Offtake Agreement for silver and gold produced at the Company’s Shafter mine. A total of approximately US$13 million from the Loan proceeds will be used by the Company to complete the construction and upgrade work for Shafter mine and the balance of the Loan will be used to repay certain indebtedness and for otherwise advancing the La Negra and Shafter mines.

Orex Minerals Inc. announces that it has completed the non-brokered private placement described in its news release of September 10, 2013, issuing a total of 8,228,600 units at a price of 25 cents per unit for total gross proceeds of $2,057,150. 5,547,900 of the units sold were flow-through units.

GoGold Resources Inc. is pleased to announce that it has executed definitive agreements with Orion Mine Finance Fund I in connection with the US$35 million debt and equity financing previously announced on July 12, 2013. The private placement and debt financing are expected to close prior to the end of September 2013.

Lincoln Mining Corporation, announces that further to its news release of August 13, 2013, the Company received shareholder approval at the Company’s annual general meeting held on September 16, 2013 to consolidate the Company’s common shares on the basis of one post-consolidation common share for every five pre-consolidation common shares.