Month: December 2014

NWM Mining Corporation announces that it has extended the due date of the current debt outstanding from September 30, 2014 to December 31, 2014. The extension provides further time for the company to continue its refinancing efforts. As previously announced, Global Resource Fund has agreed to continue to temporarily defer and accrue monthly interest payments. Additionally, Global Resource Fund has provided an additional $1,950,000 demand loan to cover several one-time payments required which will be repaid once delayed tax receivables from the Mexican tax authorities have been received. The demand loan carries an interest rate of 15%. While the Company is undertaking all efforts to successfully conclude a refinancing, there is no certainty that this will occur, and, if the Company fails to secure additional capital or otherwise restructure its business, in order to address its cash requirements, it may not have adequate liquidity to fund its operations and meet its obligations.

Paramount’s High-Grade Don Ese Deposit Expected to Provide Low-Capital, High-Margin, Near-Term Source of Future Production to Supplement Production from Coeur’s Palmarejo Mine

Substantial Development and Operating Synergies with Coeur’s Palmarejo Operation Anticipated to Create Significant Long-Term Value

Don Ese and Guadalupe Combined Expected to Produce an Average of Approximately Six Million Ounces of Silver and 110,000 Ounces of Gold Annually over the Next Eight Years

Tamino Minerals, Inc. is pleased to announce to its shareholders and followers that it is making its final arrangements to close on a financing deal that will allow the company to become fully reporting in the very near future. In addition, this will allow Tamino Minerals, Inc. to fund its exploration, acquisition and operational activities at a more rapid pace and larger scale than previously anticipated.

Rare Earth Minerals Plc announces a funding of £7 million by way of a Placing and an Equity Swap Agreement with YA Global Master SPV, Ltd. at 0.9 pence per share. YAGM have contractually agreed that the effective date of the Swap Agreement commences on 1 February 2015.

Paramount Gold and Silver Corp. and Coeur Mining, Inc. have entered into an agreement and plan of merger, dated as of December 16, 2014 pursuant to which Coeur will acquire all of the issued and outstanding shares of common stock of Paramount and the San Miguel Project. As a condition to closing the Merger, the shares of Paramount’s subsidiary holding its Nevada mining assets will be spun-off to holders of the Company’s common stock.

Riverside Resources Inc. announces that it has granted a total 1,087,000 incentive stock options to certain Directors, Consultants and Officers of the Company. The Options are exercisable at $0.27 per share for a period of five years from the date of grant. The Options were granted pursuant to the Company’s shareholder-approved stock option plan and are subject to the policies of the TSX Venture Exchange and any applicable regulatory hold periods.

Aurcana Corporation wishes to report that it has accepted the resignation of Lenic Rodriguez from the Board of Directors.