Month: May 2015

Minera Alamos Inc. announced today the closing of the first tranche of the brokered private placement announced on April 28, 2015, for gross proceeds of $558,680 with IBK Capital Corp. The Company issued 5,586,800 units at a price of $0.10 per unit in this first tranche. Each Unit consists of one common share in the capital of the Company and one common share purchase warrant. Each Warrant entitles the holder to purchase one additional common share at a price of $0.10 per share and is exercisable for a period of four years from the closing of the offering.

GREAT PANTHER SILVER LIMITED and Cangold Limited are pleased to announce the completion of the previously announced plan of arrangement pursuant to which Great Panther has acquired all of the issued and outstanding common shares of Cangold. Cangold is now a wholly-owned subsidiary of Great Panther.

Sales of common shares under the at-the-market offering, if any, would be made by means of ordinary brokers’ transactions on the NYSE MKT at market prices or as otherwise agreed with the agents. The Company intends to use the net proceeds of this offering for the continued exploration of the Bralorne mine, advancing exploration and extracting and processing activities at the Avino property, and for working capital.

Golden Minerals Company announced today that Warren Rehn has been promoted to President of Golden Minerals Company. Jeffrey G. Clevenger continues to serve as Chairman and Chief Executive Officer of Golden Minerals.

First Mexican Gold Corp. continues to search for the right partner to bring its Guadalupe project to production. A number of possibly partners are presently reviewing corporate documents under confidentiality agreements, and we hope to find a suitable go forward partner in the near future. Review previously released assay results to get a better understanding of production potential.

IDM Mining Ltd. is pleased to announce that it has appointed Harry Pokrandt and Glen Masterman to an Advisory Board of the company.

Timmins Gold Corp. and Newstrike Capital Inc. are pleased to announce the completion of the previously announced plan of arrangement pursuant to which Timmins Gold has acquired ownership of all of the issued and outstanding common shares of Newstrike, being 116,786,781 shares. Newstrike is now a wholly-owned subsidiary of Timmins Gold.