Month: January 2014

Santa Fe Metals Corporation announces that, subject to regulatory approval, it has entered into a share exchange agreement with Global Resources Investments Ltd, an arm’s length party to the Company.

Torex Gold Resources Inc. has announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets, under which the underwriters have agreed to buy on a bought deal basis by way of a short form prospectus, 104,200,000 units each unit consisting of one common share and one half of one common share purchase warrant, at a price of C$1.20 per Unit for gross proceeds of C$125,040,000. Each whole common share purchase warrant will entitle the holder to purchase one common share of the Company at a price of C$1.50 prior to the date which is 6 months following the closing of the Offering. The Company has granted the Underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any. The Offering is expected to close on or about February 12, 2014 and is subject to the Company receiving all necessary regulatory approvals.

VVC Exploration Corporation announces that it expects to close, by the end of the month, a Private Placement Financing of up to $1.5 million representing 30 million units at a price of $0.05 per Unit. 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 the first 2 years and at $0.18 for years 3, 4 and 5. The net proceeds will be used to maintenance fees and option payments on the Company’s properties in Mexico pay accounts payables, general corporate expenses, operating expenses in Mexico.

Gold Resource Corporation today announced preliminary 2013 fourth quarter and year-end mill production of approximately 84,835 precious metal gold equivalent ounces, in-line with 2013 annual production target range. Gold Resource Corporation is a gold and silver producer with operations in the southern state of Oaxaca, Mexico. The Company has returned over $92 million to shareholders in monthly dividends since declaring production July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery.

Mexican President Enrique Peña Nieto had much to celebrate during the New Year festivities. Few modern Mexican presidents can claim to have championed as many deep reforms and succeeded. Of the dozen reform bills Peña Nieto pushed through Congress, five required amendments to the constitution. To put this feat in perspective, Peña Nieto accomplished more in his first year in office than his three most recent predecessors combined.

Silver Bull Resources, Inc. is pleased to provide a 2013 year-end review and 2014 road map to its shareholders. The company is focused on advancing the company’s flagship Sierra Mojada silver-zinc project, located in the historic Sierra Mojada mining district in the state of Coahuila, northern Mexico.

CANGOLD LIMITED announces that it has entered into a new consulting agreement with San Diego Torrey Hills Capital, Inc. on January 20, 2014 for the provision of investor relations services including developing, coordinating, managing and executing a comprehensive corporate finance and investor relations campaign for the Company. The Agreement is for an initial term of 6 months. After the initial 6-month term, the Agreement shall terminate at any time upon 30 days written notice by either party.