Day: May 12, 2015

Morro Bay Resources Ltd. is pleased to announce it has closed the first tranche of the non-brokered private placement announced April 6, 2015. The First Tranche consisted of the issuance of a total of 3,590,000 Units at a price of $0.05 per unit for gross proceeds of $179,500. The Private Placement remains open for further subscriptions.

“Our strong production was delivered at lower costs at both operations, demonstrating, once again, that our assets are delivering strong cash generation,” said John Smith, President and CEO. “On a silver equivalent basis, production of 6.8 million ounces at cash costs of $9.57 per payable ounce distinguishes Silver Standard from its peers. Positive net income and strong operating cash flows in the quarter resulted from our focus on cost discipline and further enable our growth strategy.”

“We are pleased to report the first quarter of 2015 operational and financial results. Although average realized metal prices were lower than those of the same quarter last year we reported solid operating income from mining operations due to the hard work of our team to maintain a low production cost structure. With the expansion of our mine behind us, we can now focus on advancing the Avino Mine to further increase and improve our mining operation,” stated Malcolm Davidson, CFO.

Candente Gold Corp. advises that further to News Release 039 (dated October 2, 2014), the Toronto Stock Exchange has advised that common shares of the Company will be delisted from the TSX at the close of business on June 8, 2015 for failure to meet continued listing requirements…