Month: May 2014

Silver Standard Announces Changes to the Board of Directors

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.: Prolongation of the Delay to Close the Private Placement

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 Completes Private Placement

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.

Source Intersects 1.44 g/t Gold Equivalent Over 45.0 Metres With Step-Out Drilling at Las Minas

SOURCE EXPLORATION CORP. is pleased to report step-out drilling at the Santa Cruz target of its Las Minas project continues to intersect wide zones of gold-silver and copper skarn mineralization including 1.44 g/t Gold Equivalent (Au Eq) over 45.0 metres in hole LM-14-SC-04. A high-grade interval grading 11.96 g/t over 2.0 metres was intersected in the upper portion of the drill hole. Drilling at Las Minas is scheduled to resume in the first week of June. Current activities at the site include construction of drill roads and pads, with planned detailed surface mapping and sampling for target generation.

Primero Secures $75 Million Revolving Line of Credit

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.

Goldcorp drops hostile bid for Osisko Mining

Goldcorp Inc.’s decision to drop its C$3.2 billion ($2.9 billion) hostile bid for Osisko Mining Corp. in the face of a rival offer shows the industry has found new discipline after years of value-destroying deals, BlackRock Inc.’s Catherine Raw said.

Big North Closes The Acquisition Of The Past Producing El Tejon Flake Graphite Mine and Mill in Mexico

BIG NORTH GRAPHITE CORP. is pleased to announce that further to the Company’s press releases of December 19, 2013 and February 5, 2014, pursuant to a share purchase agreement with MAG Exploration Services Inc. and Cesar Javier Guajardo Villarreal, the Company has acquired all of the shares of Grafito de Mexico, S.A. de C.V., held by the Vendors (which shares represent 97.5% of the issued and outstanding share capital of Grafito). Grafito is the registered and beneficial owner of the El Tejon property.

Silver Bull Announces Execution of Definitive Share Purchase Agreement With BHK Resources, Inc.

Silver Bull Resources, Inc. is pleased to announce that it has executed a definitive share purchase agreement with BHK Resources Inc. a capital pool company with TSX Venture Exchange trading symbol BHK.P, in connection with the proposed sale of Dome International Global Inc., a wholly-owned subsidiary of Silver Bull which holds, indirectly, a 100% interest in and to the Ndjole manganese and gold project, located in Gabon. The proposed transaction was previously announced on December 17, 2013.

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