Day: June 7, 2016

President and CEO of Riverside Resources Inc., John-Mark Staude stated: “We appreciate all of the effort that Morro Bay has put into advancing the Penoles Project. Riverside has strived to be a collaborative partner as evidenced by the numerous amendments to the option agreement during challenging times in the junior exploration sector. We see good potential at the Penoles Project and the main motivation for issuing a default notice is to ensure that the Penoles Project continues to advance, as we feel there is good potential to build on the initial resources that have been defined to-date.”

“This was a very difficult quarter and as discussed in the third quarter release, the calendar year got off to a slow start. Most of our customers have reduced their exploration budgets for calendar 2016 based on low commodity prices that were prevailing at the end of calendar 2015. Although some commodity prices have improved over the last four months, most mining companies remain cautious in their spending,” said Denis Larocque, President and CEO of Major Drilling Group International Inc.

VVC Exploration Corporation announces a convertible debenture private placement financing of up US$1,000,000 (or CA$1,250,000) and the grant of options.

DynaResource, Inc. is pleased to announce that Mineras de DynaResource S.A. de C.V., the 100% owned subsidiary of DynaUSA and the exclusive operator of the San Jose de Gràcia Property in northern Sinaloa, México, is reporting the delivery for sale, on June 6, 2016, of an approximate 625 Oz gold contained in concentrates (exact weights in gold and silver oz. to be determined at final settlement).

GoGold Resources Inc. is pleased to announce that it has closed its previously announced bought deal offering of 8,561,078 units of the Company at a price of C$1.30 per unit which includes 861,078 units issued pursuant to the exercise in part of an over-allotment option, for gross proceeds to the Company of C$11,129,401.40.

Canasil Resources Inc. announces a non-brokered private placement of 7,500,000 units at a price of $0.32 per Unit for total gross proceeds of $2,400,000. A finder’s fee may be paid with respect to all or part of this Placement. The terms of the Placement are subject to acceptance by the TSX Venture Exchange.