Bowmore Explorations Ltd. is pleased to announce that it has negotiated, subject to regulatory approval, a non-brokered private placement for total gross proceeds of up to $800,000. The Private Placement will consist of up to 5,000,000 units at a price of $0.08 per Unit, each Unit consisting of one common share to be issued and one-half of one common share purchase warrant, and up to 3,333,333 flow-through units…
Andrew Thomson, President and Chief Executive Officer, commented: We would like to thank our shareholders for their support on this transaction and for their continued backing over the last decade. Our shareholders have realized significant value for the El Rayo project and other properties in Jalisco and, following completion of the Arrangement, through their ownership in Agnico Eagle, will have continued exposure to their ongoing development. We also look forward to continuing our efforts to deliver value for our shareholders in Palamina Corp.
BIG NORTH GRAPHITE CORP. announces that it has received notice alleging that it is in default under its property agreement, as amended, for the El Tejon project in Oaxaca, Mexico. Under the terms of the Acquisition Agreement, the company was required to make a cash payment on June 1, 2015. Pursuant to the terms of the Acquisition Agreement, Big North has 30 days from receipt of the notice to cure the default…
Minera Alamos Inc. reports today that it has increased its previously announced private placement from $2,800,000 to $3,200,000. The financing, lead by IBK Capital Inc., is scheduled to close early next week.
United States Antimony Corporation reported that the Companys Los Juarez Mexican property had a gross value of $114.56 per metric ton (3.00 gpt) at current prices for gold, silver, and antimony based on its most recent assay results. By mining the jasperoid selectively, the gross value increased to $137.13 per metric ton (3.59 gpt). The mineralization is present in large pipes of jasperoid that intrude the limestone from depth. The pipes are present over a strike length of 3.5 kilometers and a width of up to 1 kilometer. The Company intends to drill selective areas of the property using a company owned drill…
Levon Resources Ltd. is pleased to announce that the Supreme Court of British Columbia has granted a final order approving the previously announced plan of arrangement involving SciVac Ltd., Levon and 1027949 B.C. Ltd. The granting of the Final Order was a condition to the completion of the Arrangement. The Arrangement was approved by Levon securityholders at a special meeting of Levon held on June 3, 2015.
Excalibur Resources Ltd. has sold its 49% interest in Minera Catanava to its 51% partner Minera Apolo for US$75,000. Over a period of 4 years, the plant was unable to generate positive cash flow, due to lower than expected average grades, recoveries and concentrate purchase prices. In addition, there were ongoing equipment breakdowns, low volumes, water shortages, etc such that there was no justification for further investment.
Marlin Gold Mining Ltd. is pleased to announce that it has completed its previously announced non-brokered private placement of common shares. Pursuant to the Equity Offering, Marlin issued 23,214,286 common shares of the Company at a price of $0.56 per Common Share for aggregate gross proceeds of approximately $13,000,000.
New Gold Inc. is pleased to announce the appointment of Kay Priestly to its Board of Directors.
Cyprium Mining Corporation is pleased to announce details regarding the expansion plans of its flotation plant located in Aldama, Mexico. The plan has two main objectives. The first objective is to optimize plant processes and improve efficiencies to maximize recoveries in order to ensure satisfactory margins. The second objective is to double the current plant capacity to 200 tons per day. The planned investments, which started in May, should take about four months and total approximately US $400,000.
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