Month: May 2014

International Northair Mines Ltd. is pleased to announce that it has entered into a Net Smelter Return royalty agreement with Coeur Capital, Inc. for proceeds of US$4.0 million. The 2.5% NSR is payable on future production from the La Cigarra silver project, located in north central Mexico.

Focus Ventures Ltd. announces the acceleration of the expiry date of warrants previously issued by the Company in connection with its private placement financing completed on November 28, 2013.

Newstrike Capital Inc. is pleased to announce the appointment of Mr. Mark D. Backens to its Board of Directors. Mark Backens has over 30 years of global mining experience including most recently as Director of Investment Banking – Mining for Scotia Capital. For most of his career, Mr. Backens had senior management roles with Meridian Gold, Placer Dome and Goldcorp in the areas of engineering, mine construction, mine management and corporate development. Mr. Backens holds a Bachelor of Science in Geological Engineering from South Dakota School of Mines and is a Professional Geologist.

Scorpio Gold Corporation is pleased to announce its financial results for the first quarter ended March 31, 2014. This press release should be read in conjunction with the Company’s condensed consolidated interim financial statements for the three-month period ended March 31, 2014 and Management Discussion & Analysis for the same period, available on the Company’s website at www.scorpiogold.com and under the Company’s name on SEDAR at www.sedar.com. All monetary amounts are expressed in US dollars unless otherwise specified.

BACANORA MINERALS LTD. is pleased to announce that it has initiated the process of seeking an admission of its common shares to trading on the AIM Market of the London Stock Exchange. A number of professional advisers have been appointed by Bacanora to assist in this process. The Company is presently working through the application process with its advisors and expects to submit materials once reviews and documentation are complete, though there can be no certainty that its shares will be admitted to AIM. Appropriate announcements will be made in due course with material progress.

Minaurum Gold Inc. is pleased to announce that Mr. David J. Baker, CA has been appointed to the Board of Directors. Mr. Baker has over 20 years of management experience and was part of Ivanhoe Mines that successfully advanced the Oyu Tolgoi Copper and Gold deposit from exploration into production. Over a ten year period with Ivanhoe, he held a number of positions including Vice-President Treasurer, Manager Corporate Development and Manager Finance. As part of the management team at Ivanhoe and in co-operation with the Rio Tinto group, Mr. Baker’s financial and technical experience was instrumental in advancing a $4 billion dollar debt facility with eight government and international banks, and the Government of Mongolia and separately securing over $1 billion dollars in equity financing to progress Ivanhoe projects.