Day: May 27, 2016

Mining in Mexico: Poised for a Rebound

Mexico’s mining industry has been thriving in the last few years, and investment in new projects has been continuing at a strong pace even with the sell-off in commodity markets. A major silver producer since the days of colonial rule when Guanajuato and Taxco became the jewels of the Spanish Empire, Mexico has consolidated its position as the number one producer of the precious metal. Fresnillo Plc, which in 2008 was spun off from Industrias Peñoles and listed on the London Stock Exchange, is Mexico’s biggest silver producer, thanks mainly to its massive Fresnillo and Saucito mines.

Oremex Silver Inc. Adopts Advance Notice By-Law

The purpose of the Advance Notice By-law is to provide shareholders with a clear framework for nominating directors. The board of directors believes adoption of the By-law is in the best interests of the Company and all shareholders to facilitate orderly and efficient meetings of the shareholders of the Company.

Endeavour Silver Announces Annual General Meeting Results

Endeavour Silver Corp. announces that at yesterday’s Annual General Meeting in Vancouver, shareholders voted in favour of all items of business, including the re-election of each director nominee. A total of 58,802,520 million votes were submitted by proxy, representing 54.34% of the outstanding common shares as of the record date.

IMPACT Silver Closes First Tranche of Private Placement

IMPACT Silver Corp. is pleased to announce that it has completed the first tranche of the brokered private placement announced on May 20, 2016. The placement raised a total of $2,530,800 by the issue of 4,440,000 worth of units at a price of $0.57 per Unit. Each Unit consists of one common share and one-half of one warrant. Each whole warrant entitles the holder to purchase one common share per Warrant at a price of $0.90 per Share for a period of 36 months from the date of issuance.

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