Month: July 2014

Major Drilling is pleased to announce its entry into the underground percussive/longhole drilling sector with its agreement to purchase the operations of Taurus Drilling Services. This business operates in Canada, the U.S. and Mexico, providing underground percussive/longhole drilling to mining company clients.

Soltoro Ltd. has awarded 4,170,000 incentive stock options exercisable at $0.14 per common share to officers, directors and consultants of the Company. This grant of options is in compliance with the terms of the Company’s Stock Option Plan and remains subject to the acceptance of the TSX Venture Exchange. This grant of options was awarded after the close on July 18, 2014 and has expiry dates of July 18, 2017 and December 18, 2017.

Kootenay Silver Inc. is pleased to announce that, further to its press release dated June 20, 2014, it has received subscriptions for $1,984,050 under the non-brokered private placement of units and has today closed the initial tranche of the Private Placement totaling $1,633,050 and issued an aggregate of 5,443,500 Units at a purchase price of $0.30 per Unit. The Company anticipates closing the balance of the Private Placement shortly and will provide an update in due course.

Almaden Minerals Ltd. announces that it is carrying out a non-brokered private placement of up to 4,000,000 units at $1.50 per Unit. Each Unit consists of one common share of the Company and one-half of one non-transferable common share purchase warrant. Each Warrant will allow the holder to purchase one common share of the Company at a price of $2.00 per share for 12 months. A finder’s fee is to be paid on a portion of the placement of 5% in cash and 3% in finder’s warrants to purchase common shares of the Company at a price of $1.50 per common share for 12 months. The private placement, including payment of the finder’s fee, is subject to regulatory approval.

Gold Resource major shareholder Mining Plc Hochschild sold 22,646 shares of the stock on the open market in a transaction dated Monday, July 14th. The shares were sold at an average price of $4.96, for a total transaction of $112,324.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC

SilverCrest Mines Inc. is pleased to announce silver and gold production results from its 100% owned Santa Elena Mine located in Sonora, Mexico, for the second quarter of 2014. The Santa Elena Mine is currently transitioning from an open pit heap leach to a conventional 3,000 tonne per day mill facility and underground operation. As a result, projected and actual production for the quarter were lower than that of the comparable quarter of 2013. An update on the commissioning activities is provided below. For additional information and to view photos and videos, please visit the Company’s website at www.silvercrestmines.com.