Month: March 2015

Riffard Resigns from Board of Directors

Skeena Resources Limited has accepted Jean-Pierre Riffard’s resignation from the Board of Directors effective March 13, 2015. Mr. Riffard was the Board nominee of Eilat Exploration Ltd.

Azure Minerals Successfully Raises $2.24 Million Through Oversubscribed Share Purchase Plan

Azure Minerals Limited is pleased to announce that the Company’s Share Purchase Plan has closed, with total funds raised of approximately $2.24 million. This is an outstanding result given current market conditions, and reflects the quality of the underlying assets in the portfolio and the confidence of the Company’s shareholders. The funds raised will allow the company to significantly progress the exciting Alacrán Copper Project, recently acquired from Teck Resources, as well as providing for ongoing working capital requirements.

VVC Exploration Provides Projects Update

VVC Exploration Corporation is pleased to report on the positive comments by the Honorable César Duarte Jáquez, Governor of Chihuahua during his press conference in Juarez, Chihuahua, Mexico, regarding zoning changes for a “near-production” copper project in Northern Mexico owned by Samalayuca Cobre S.A. de C.V., a company which is 33.75% owned by VVC Exploration Corporation.

Las mineras extranjeras invierten 40% menos

Durante 2014, la minería de oro y plata registró una inversión extranjera directa por mil 165.6 millones de dólares, una caída de 39.6%, la primer baja en tres años, derivado principalmente de un mayor cobro de impuestos a la extracción y los menores precios en los metales preciosos.

Newstrike Enters Into C$2,000,000 Loan Agreement

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 Closes Private Placement

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 Receives Confirmation of Environmental Authorization for La Nueva Victoria, La Bufa and El Arrayan Mining Concessions

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.

All News