Month: September 2015

Orex Minerals Inc. is pleased to announce that Orex’s shareholders, optionholders and warrantholders have voted today at the annual and special meeting of Orex Securityholders to approve the previously announced plan of arrangement between Orex and Barsele Minerals Corp, Orex’s wholly-owned subsidiary. The Arrangement was approved by 99.87% of the votes cast by Shareholders and Optionholders, voting together as a single class, and 100% of the votes cast by Warrantholders, voting as a single class, at the Meeting. Additionally, all annual matters that were put before Shareholders at the Meeting were approved. In particular, Orex is pleased to announce the re-election of Gary Cope, Ross Wilmot, William Henry White, Arthur Freeze and Rick Sayers to its board of directors…

• Mr Mark Creasy increases shareholding in Azure via A$1 million share placement

• Additional A$500,000 in funding secured from New York-based resources fund

• Funding will allow Azure to rapidly progress Mesa de Plata silver discovery

With the close of this equity financing, the Company is now working to complete the definitive agreement with Marlin Gold Mining Ltd. whereby Canarc will acquire 100% of the shares in Marlin’s wholly owned subsidiary company, Oro Silver Resources Ltd., which owns the fully permitted El Compas Gold-Silver Mine Project in Zacatecas, Mexico.

Arian Silver Corporation, a silver mining company focused on silver projects in the silver belt of Zacatecas, Mexico, announces today the positive advancement of its financing discussions and the signing of a letter of intent and non-binding term sheet with Quintana AGQ Holding Co. LLC , approved by the independent directors of the Company.

NWM Mining Corporation announces that today it has received Court approval to the two amendments to the Arrangement Agreement dated June 6, 2015 with SFM Holding, S.A.P.I. DE C.V, GFM Minería, S.A.P.I. DE C.V and Global Resource Fund. The arrangement is expected to close the week of September 21, 2015 at which time GFMM will acquire all of the issued and outstanding common shares of NWM for cash consideration of C$0.005.

A niche form of mining industry finance is emerging as the new go-to funding for miners bowed by debt, another sign of the sector’s distress as it plods through the fourth year of a commodities’ downturn.