Day: May 26, 2014

Precipitate Gold Corp. is pleased to announce that it has completed a non-brokered private placement of 6,953,333 units of the Company at a price of C$0.15 per unit for gross proceeds of C$1,043,000.

Silver Standard Resources Inc. is pleased to announce that Beverlee F. Park has joined the Company’s Board of Directors effective May 20, 2014. Ms. Park will also serve as a member of the Audit Committee and the Safety and Sustainability Committee. Ms. Park is replacing Richard C. Campbell who retired from the Board after serving as a Director of Silver Standard, including service as the Chair of the Safety and Sustainability Committee, since 2008.

OREX EXPLORATION INC. – The Corporation announces that it has extended to July 10, 2014 the proposed non-brokered private placement of units for a maximum amount of $500,000. Each unit will comprise one common share of the Corporation at a price of $0.05 and one whole common share purchase warrant, at an exercise price of $0.05 per share, valid for a three-year period. Insiders of the Corporation may subscribe for more than 25% of the offered units. The subscribed securities will be subject to a hold period of four months from the closing date. This private placement is subject to the final approval of the TSX Venture Exchange.

Prospero Silver Corp. is pleased to announce that on May 23, 2014 it completed the non-brokered private placement first announced on April 15, 2014 of 5,000,000 units at a price of $0.05 per Share, for gross proceeds of CDN $250,000. Each unit is comprised of one common share and one full non-transferable share purchase warrant. Each warrant is exercisable by the holder to acquire one additional common share at a price of $0.10 per warrant for a period of 12 months from the date of closing subject to acceleration of the expiry date as set out below.

Primero Mining Corp. announced today that it closed a previously announced $75 million revolving credit facility with a syndicate of lenders. The Line of Credit has a three year term, a floating interest rate that the Company expects to be approximately 4% per annum for the first six months and is secured by a charge over substantially all of the Company’s assets. Coincident with and as a condition of closing the Line of Credit, the Company repaid the outstanding $27 million promissory note held by Goldcorp Inc. bearing interest of 6% and originally due December 31, 2015.