Month: December 2014

Prospero Silver Corp.announces that it has entered into a convertible loan agreement with six lenders for loans in an aggregate amount of $185,000 to fund its ongoing exploration and general working capital requirements.

Quaterra Resources Inc. announces the grant of 1,000,000 stock options to certain officers of the Company pursuant to the Company’s stock option plan. The options may be exercised at a price of $0.05 per share for a five-year period.

Minaurum Gold Inc. is pleased to announce that it has closed a non-brokered private placement financing of 6,850,000 units at a price of $0.05 per unit for gross proceeds of $342,500. Each unit consists of one common share and one common share purchase warrant. Each warrant will entitle the holder thereof to acquire one additional common share of Minaurum for a period of two years at an exercise price of $0.10. No finders’ fee was paid in connection with the financing. The securities issued under the offering will be subject to a four month hold period in accordance with applicable Canadian securities laws.

Geologix Explorations Inc. is pleased to announce it has completed a private placement with various investors of $599,000 in convertible, unsecured, 10% (interest payable every six months), three year promissory notes. Insiders provided $300,000 of the financing.

Marlin Gold Mining Ltd. is pleased to announce that it has issued 1.7 million shares at a deemed price of 75 U.S. cents (82 Canadian cents), in consideration of certain services provided to the company pursuant to an agreement dated December 29, 2013 between Oro Gold de Mexico S.A. de C.V. (wholly owned subsidiary of Marlin Gold) and Construcciones y Minado San Francisco S. de R.L. de C.V. The share issuance was originally disclosed in a news release dated December 10, 2014 and the shares issued therewith are subject to a four month hold period.

Kootenay Silver Inc. is pleased to announce that, further to its press release dated December 10, 2014, it has received subscriptions for $742,000 under the non-brokered private placement of units and has today closed the initial tranche of the Private Placement and issued an aggregate of 2,120,000 Units at a purchase price of $0.35 per Unit. The Company anticipates closing the balance of the Private Placement shortly and will provide an update in due course.

DynaResource de Mxico SA de C.V., the 100% owner of the San Jose de Gracia Project in Sinaloa State, Mexico announces that it filed on December 09, 2014, in the Civil Court of the Superior Court of Justice of the Federal District of Mexico (Tribunal Superior de Justicia del Distrito Federal), as File number 1120/2014; an Original Petition and Legal Demand against Defendants Goldgroup Mining Inc., Goldgroup Resources Inc., and certain individuals acting in concert with the two Goldgroup companies. The Demand complains that Goldgroup has: (a) wrongfully used property, confidential information and data belonging to DynaMxico; (b) consistently failed to disclose, or has disclosed inaccurately, several matters of material importance to the public; and, the Demand seeks to declare the American Arbitration Association (AAA) proceedings in Denver, Colorado, (filed by Goldgroup), as invalid or seeks to nullify such proceedings.