Month: June 2015

BACANORA MINERALS LTD., the Canadian and London listed lithium and borates development company focused on Mexico, held the annual and special meeting of its shareholders today in Calgary, Alberta. In total, an aggregate of 60,082,307 common shares, representing approximately 71.06 per cent of Bacanora’s outstanding shares, were represented in person or by proxy at the meeting.

Minera Alamos Inc. announced today that it has prepaid and fully redeemed $770,000 in convertible debentures secured against the Los Verdes project. “Our 100% owned Los Verdes project carries no NSR’s and is now clear of any third party entitlements or interests,” said Chris Frostad, Chief Executive Officer, Minera Alamos Inc. “The elimination of the company’s debt will provide us with maximum flexibility when securing our project financing later this year.”

Further to the joint news release of April 28, 2015, Starcore International Mines Ltd. and Cortez Gold Corp. are pleased to announce the signing of a definitive arrangement agreement whereby Starcore would acquire all of the outstanding securities of Cortez in an all-share transaction to be completed pursuant to a court approved Plan of Arrangement under the Business Corporations Act (British Columbia).

Shareholders voted in favour of all items of business, including fixing the number of directors at five and the election of each director nominee. A total of 57,874,817 votes were cast representing 48.74% of the issued common shares as of the record date. The following is a tabulation of the votes submitted by ballot:

Alamos Gold Inc. and AuRico Gold Inc. today announced that Institutional Shareholder Services Inc. and Glass, Lewis & Co., LLC, two leading proxy advisory firms, have recommended that both Alamos and AuRico shareholders vote FOR the plan of arrangement to combine the two companies at their special meetings of shareholders to be held on June 24, 2015.

GOLDCORP INC. announced today that it has increased its credit facility from $2 billion to $3 billion and extended the term toJune 10, 2020, under existing terms and conditions.

“I would like to thank shareholders for their continued support in the approval of all resolutions” stated Alberto Arias, Chairman of Sierra Metals. “I would also like to welcome Diego Miranda to Sierra Metals Board and to take this opportunity to thank Guillermo Kaelin, who did not stand for re-election, for his valued contributions to the Board over the past five years. Guillermo plans to continue to contribute to the company as a non-board member and his contributions are very important to us.”

GREAT PANTHER SILVER LIMITED announces that it has obtained a US$10,000,000 credit facility from Auramet International LLC . Great Panther has had a commercial relationship with Auramet for several years.

Defiance Silver Corp., a silver explorer and developer advancing the San Acacio Deposit in Mexico, is pleased to announce that further to its news release dated May 11, 2015, it has closed its final tranche closing, for a total of $1,208,810 of its non-brokered private placement through the issuance of 12,088,100 units at $0.10…

Rare Earth Minerals PLC Wednesday said it has upped its stake in Bacanora Minerals Ltd to 16.41% from 15.93% after buying GBP388,308 worth of shares.