Month: May 2014

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.

Corex Gold Corp. is pleased to announce a non-brokered private placement of up to 6,000,000 units at a price of $0.10 per unit, for aggregate gross proceeds of up to CDN $600,000. Each Unit will consist of one common share and one non-transferable share purchase warrant. Each warrant will be exercisable by the holder to acquire one additional common share at a price of $0.15 for 12 months from Closing.

Kootenay Silver Inc. is pleased to announce a Non-Brokered private placement of up to 7.35 million units at a purchase price of $0.34 per Unit, for aggregate gross proceeds to Kootenay of up to $2,500,000.

AuRico Gold announced a Quarterly dividend on Thursday, May 15th, Analyst Ratings News reports. Shareholders of record on Tuesday, June 3rd will be paid a dividend of 0.02 per share on Tuesday, June 3rd. This represents a dividend yield of 1.85%. The ex-dividend date is Thursday, May 15th.

Primero Mining Corp. announced today it has completed the repurchase of $1.9 million of its $50.0 million convertible senior unsecured debentures due March 31, 2016. This represents 3.8% of the outstanding aggregate principal amount of the Debentures, pursuant to its offer to repurchase the Debentures announced on April 4, 2014. The repurchased Debentures have been cancelled and $48.1 million remain outstanding.

Arian Silver Corporation, a silver exploration, development and production company with a focus on projects in the silver belt of Zacatecas, Mexico, announces today the release of its Management’s Discussion and Analysis and unaudited Financial Statements for the three months ended 31 March 2014.

Baja Mining Corp. reports that it has filed its unaudited condensed interim consolidated financial statements for the quarter ended March 31, 2014, and the related management’s discussion and analysis.

Gold Resource major shareholder Mining Plc Hochschild unloaded 2,250,000 shares of the stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $3.92, for a total transaction of $8,820,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.