Month: January 2015

Minera busca oro en BC; le exigen no contaminar

El Congreso del Estado solicitará información al Gobierno del Estado sobre el proyecto minero El Arco que se ubica al sur de Ensenada y en el que hay intención de extraer oro, cobre y plata.

Source Exploration Corp. Announces Removal of Acceleration Clause for Warrants Issued in Connection With the Non-Brokered Private Placement

Source Exploration Corp. announces that an update to the terms of its previously announced non-brokered private placement of up to 10,000,000 units of the Company consisting of one common share of the Company and one half of one common share purchase warrant at a price of $0.08 per Unit for gross proceeds of up to $800,000. The Company has determined that the terms of the Warrants will no longer include a right of the Company to accelerate the expiry date on notice to the Warrant holders if the closing price of its common shares on a stock exchange in Canada is higher than $0.10 per common share for a period of 10 consecutive trading days after four months and one day from the closing date of the Private Placement.

Yamana Advises of the Filing of Preliminary Prospectus

YAMANA GOLD INC. today advised it has filed the preliminary prospectus relating to its recently announced bought deal equity offering of over C$260 million. The net proceeds of the Offering will be used to reduce the amount outstanding under the Company’s revolving credit facility thereby further strengthening the balance sheet and providing flexibility to fund its internal growth opportunities.

Source Exploration Announces Non-Brokered Private Placement of Up To $800,000

Source Exploration Corp. is pleased to announce that it has arranged a non-brokered private placement of up to 10,000,000 units of the Company at a price of $0.08 per Unit for gross proceeds of up to $800,000. Each Unit will consist of one common share of the Company and one half of one common share purchase warrant. Each Warrant will entitle the holder to purchase one common share of the Company for a period of twenty-four months from the closing date of the Private Placement (subject to early expiry) at a price of $0.08 per common share.

Silvercrest Announces 2014 Production and Provides 2015 Guidance

SilverCrest Mines Inc. is pleased to announce record production of 2.81 million ounces AgEq for 2014, record production of 936,742 ounces AgEq for the fourth quarter of 2014, and guidance for 2015 from its 100% owned Santa Elena Mine located in Sonora, Mexico. In 2014, the Santa Elena Mine successfully transitioned from an open pit heap leach operation to an underground mining and milling operation. For additional information and to view photos and videos, please visit the Company’s website at www.silvercrestmines.com.

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