Newstrike Capital Inc. announces that it has entered into a loan agreement in the principal amount of up to C$2,000,000 with two shareholders of the Company, Zebra Holdings and Investments S.à.r.l. and Lorito Holdings S.à.r.l. The Company intends to use the proceeds from the loan for general corporate purposes.
Southern Silver Exploration Corp. reports that it has closed the final tranche of its private placement by issuing 1,810,000 units at a price of $0.08 per unit to raise $144,800. Each unit consists of one common share and one share purchase warrant, with each warrant exercisable to purchase one additional common share for a period of five years at an exercise price of $0.08 per share. Together with the previously announced closing of the financing last week, the Company has raised an aggregate $1,600,000.
Gainey Capital Corp. is pleased to announce it has confirmed that its 100% owned Mexican Sub Corp. Minera Buena Fortuna can operate under the Environmental Authorization from the Secretary of Environmental, Natural Resources and Fisheries (SEMARNAP), now Secretary of Environmental and Natural Resources (SEMARNAT). This authorization applies to the Mineral concessions: La Nueva Victoria Mineral Concession, La Bufa Mineral Concession, and El Arrayan Mineral Concession for Exploration and Mining. The Environmental Authorization will allow Minera Buena Fortuna to proceed with Exploration/Exploitation activities per its Exploration Strategy.
First Majestic Silver Corp. announced today that its board of directors has approved the extension of its share repurchase program pursuant to a normal course issuer bid in the open market through the facilities of the Toronto Stock Exchange or alter native Canadian market places over the next 12 months. Pursuant to the Share Repurchase, the Company proposes to repurchase up to 5,879,732 common shares of the Company which represents 5% of the 117,594,640 issued and outstanding shares of the Company as of March 6, 2015.
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