Month: April 2014

Marlin Gold Mining Ltd. announces that the Company has approved 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 up to $5,000,000. The Company expects to issue up to 50,000,000 common shares in connection with the Offering at a purchase price per common share of $0.10.

Minaurum Gold Inc. reports that it has renegotiated and extended its option to purchase 100% of the Santa Marta project from Minera Zalamera S.A.de C.V. The cash payment required to be paid by Minaurum in 2013 was amended from $50,000 by October 28, 2013 to $15,000 by March 31, 2014 and $60,000 by October 28, 2014 in addition to issuing an additional 800,000 common shares of Minaurum.

First Majestic Silver Corp. is pleased to announce that it has entered into a US$30 million forward sale contract with Bank of America Merrill Lynch on a portion of the Company’s future lead production. All amounts are in U.S. dollars unless stated otherwise.

Scorpio Mining Corporation reports that production from the Nuestra Señora Operations totalled 556,911 silver equivalent ounces in the first quarter ended March 31, 2014.

La compañía minera aseguró que mantendrá los planes de inversión 2014 a 2018, en los cuales se consideran nuevas minas y proyectos de eficiencia extractiva por 2 mil 181 millones de dólares.

Virgin Metals Inc. announces that further to its press release of March 27, 2014, the Company has entered into a shareholder rights plan with CST Trust Company dated as of April 16, 2014. The Plan was approved by the board of directors of the Company on March 17, 2014, and will be placed before shareholders for ratification at the next special meeting of the Shareholders scheduled for April 16, 2014. If the resolution adopting the Plan is approved by the Shareholders at the Meeting, the Plan will be put into effect as of April 16, 2014. If the Resolution is not approved, the Plan will not be put into effect.

Oban Mining Corporation is pleased to announce that it has completed its previously announced business combination pursuant to a business combination agreement dated February 21, 2014 between the Braeval, Oban Exploration Limited and a wholly-owned subsidiary of the Company. The Business Combination was effected by way of a three-cornered amalgamation, whereby Oban amalgamated with a wholly-owned subsidiary of the Company, resulting in the Company acquiring all of Oban’s assets.

GOLDCORP INC.today announced that it has reviewed the recently-filed agreements and documentation relating to the proposed alternative transaction that were publicly-disclosed for the first time on Friday April 11, 2014 by Osisko Mining Corporation and Yamana Gold Inc. Based on numerous questions received from Osisko shareholders trying to compare the alternative transaction to the Goldcorp offer, the review has identified a number of important aspects of this highly-complex transaction that were not previously publicly disclosed by Osisko or Yamana in the press release of April 2, 2014 announcing the transaction.

Canamex Resources Corp. is pleased to announce the appointment of Mr. Jason Reid to its Board of Directors. Mr. Reid serves as Gold Resource Corporation’s CEO, President and Director. “Jason has contributed to all aspects of Gold Resource’s evolution from explorer to dividend paying precious metal producer, and is a welcome addition to the team as we continue to progress our Bruner Gold Project in Nye County, Nevada,” stated Company Chairman and CEO Robert Kramer.