Month: April 2014

Source Exploration Corp. is pleased to announce that it has arranged a non-brokered private placement of up to 10,000,000 units of the Company at a price of $0.12 per Unit for gross proceeds of up to $1,200,000. Each Unit will consist of one common share of the Company and one common share purchase warrant. Each Warrant will entitle the holder to purchase one common share of the Company for a period of 60 months from the closing date of the Offering at a price of $0.20 per common share.

CANGOLD LIMITED announces that it is amending the pricing of the non-brokered private placement announced on February 24, 2014. Due to softening market conditions, the financing will now consist of up to 7,500,000 units at a price of $0.10 per unit with each unit comprising one common share and one half warrant, for gross proceeds of up to $750,000. Each full warrant will be exercisable for one common share of the Company at a price of $0.18 for a period of one year from the date of issue provided, however, that should the closing price of the common shares on the TSX Venture Exchange be at least $0.25 per share for 10 consecutive trading days (at any time at or following the expiry of the four month resale restriction period), the Company may, by notice to the holder (supplemented by a news release of general dissemination) reduce the remaining exercise period applicable to the warrants to not less than 30 days from the date of such notice.

Marlin Gold Mining Ltd. announces that it has completed a non-brokered private placement equity financing with Wexford Spectrum Trading Limited and Wexford Catalyst Trading Limited, existing shareholders of the Company, for gross proceeds to the Company of $5,000,000. In connection with the Offering, the Company issued 40,000,000 common shares to Wexford Spectrum Trading Limited, and 10,000,000 Common Shares to Wexford Catalyst Trading Limited, each at a purchase price per Common Share of $0.10.

GOLDCORP INC. today announced that it will not amend its offer to acquire all of the outstanding common shares of Osisko Mining Corporation. The offer will expire at 11:59 pm on April 22, 2014.

Gold Resource Corporation reports preliminary production results for the first quarter ended March 31, 2014 of approximately 23,700 precious metal gold equivalent ounces. Gold Resource Corporation is a gold and silver producer with operations in the southern state of Oaxaca, Mexico. The Company has returned over $95 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.

McEwen Mining Inc announced its production results for the Q1 2014. Its total production for the Q1 was 32,146 gold-eq oz and was made up of 20,062 gold oz & 725,025 of silver oz. This represents the approximate rise of 14 percent in comparison to the Q1, 2013. The full-year guidance continues to be unchanged for this year and stands at 135,000-140,000 gold-eq. oz. The production costs are slated to be reported in 2014 May along with the financials for Q1. The company’s attributable production from its San José mine in Q1 2014 was 22,781 gold-eq. oz (10,767 gold oz & 720,830 silver oz).

Marlin Gold Mining Ltd. announces that the Company has filed an amended and restated preliminary prospectus in all of the provinces of Canada (other than Québec), which amends the preliminary prospectus of the Company filed on April 2, 2014. The amendments include the proposed pricing of the common shares, the proposed number of common shares to be issued, the aggregate gross proceeds anticipated to be raised, the use of proceeds and certain other matters disclosed in the Amended Prospectus. The Amended Prospectus is being filed in connection with a marketed public offering of common shares pursuant to which it is proposed that the Company will issue 100,000,000 common shares at a price of $0.10 per common share for aggregate gross proceeds of $10,000,000. As previously disclosed in the Company’s press release dated April 2, 2014, the Offering will be led by Cormark Securities Inc. and shall include a syndicate of underwriters including Dundee Securities Ltd., M Partners Inc., PI Financial Corp., Jacob Securities Inc. and Tempest Capital Corp. The closing of the Offering is subject to certain closing conditions including, but not limited to, the execution of an underwriting agreement with the Underwriters and all necessary regulatory approvals, including any required approvals of the TSX Venture Exchange.

Premium Exploration Inc. announces the resignation of Mr. Robert Komarechka and Dr. Guojian Xu from its Board of Directors.

Yamana Gold and Agnico Eagle will likely acquire 100% of Osisko Mining Corporation for $3.9 billion, thwarting Vancouver-based Goldcorp’s long-running hostile takeover attempt, Osisko announced April 16.

AuRico Gold Inc. today announced that its board of directors has adopted a by-law which introduces an advance notice requirement in connection with shareholders intending to nominate directors in certain circumstances.