Casi el 50 por ciento de la superficie de la entidad cuenta con un alto potencial minero de acuerdo al estudio, “Modelo de Aptitud Minera del Estado de Durango”, que le fue entregado al gobernador Jorge Herrera Caldera por parte del Servicio Geológico Mexicano.
Big North Graphite Corp. announces a non-brokered private placement of up to $250,000 unsecured convertible notes (the “Notes”). The Notes will have a 12-month term and will be convertible into units of the Company at a price of $0.05 per Unit.
Virgin Metals Inc. announced today the sale of their Cuatro Hermanos project in Sonora Mexico to Insumos Y Fertilizantes Agricolas Sacramento S.A. De C.V. a privately held corporation with head office in Culiacan, Sinaloa, Mexico. The project was purchased for $1,500,000 in cash payable immediately upon the close of the transaction. The transaction has been approved by the TSX Venture Exchange.
Further to its previous news releases, Cortez Gold Corp announces that it will increase its private placement by increasing the size of the offering to 5.5 million units, for gross proceeds of $1.1 million. The pricing remains unchanged at $0.20 per unit with each Unit consisting of one common share of the Company and one-half of one share purchase warrant with each whole Warrant entitling the holder to acquire an additional common share of the Company at $0.40 per share for a period of 24 months after issuance. The Warrants will be subject to an accelerated expiry should the common shares of the Company close at a minimum of $0.60 for a period of twenty consecutive trading days on the TSX Venture Exchange.
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