Day: July 6, 2016

Great Panther Silver Increases Previously Announced Bought Deal Financing To US$26 Million

GREAT PANTHER SILVER LIMITED is pleased to announce that due to increased demand, it has entered into an amended and restated underwriting agreement dated July 6, 2016 with Cantor Fitzgerald Canada Corporation, Rodman & Renshaw a unit of H.C. Wainwright & Co., LLC, as joint bookrunners, and Euro Pacific Capital, Inc. and Sprott Private Wealth LP, as co-managers to increase the size of its previously announced bought deal offering of units to US$26 million. The Underwriters have agreed to purchase, on a bought deal basis, 16,250,000 Units at a price of US$1.60 per Unit. As previously announced, each Unit consists of one common share in the capital of Great Panther and one-half of one common share purchase warrant. Each Warrant entitles the holder thereof to purchase one Share at the exercise price of US$2.25 per Share for a period of 18 months after the closing of the Offering.

Morro Bay Announces Shareholder Meeting Results and Finalization of Termination Agreement with Riverside Resources Inc.

Morro Bay Resources Ltd. is pleased to announce that the Shareholders of the Corporation approved all resolutions brought before them at the Corporation’s Annual General and Special meeting held in Calgary, Alberta, on June 30, 2016. The Corporation provides the following report on the voting results of the matters considered at the AGM, the particulars of which are set out in more detail in the Corporation’s Information Circular dated May 27, 2016:

Bacanora Provides Update on the Sonora Lithium Project

BACANORA MINERALS LTD., the London and Canadian listed lithium company developing the Sonora Lithium Project in northern state of Sonora, Mexico, is pleased to provide an update on the activities being undertaken as part of the Company’s upcoming definitive Feasibility Study.

Great Panther Silver Arranges US$20 Million Bought Deal Financing

GREAT PANTHER SILVER LIMITED announces that it has entered into an underwriting agreement dated July 6, 2016 with Cantor Fitzgerald Canada Corporation and Rodman & Renshaw, a unit of H.C. Wainwright & Co., LLC, as joint bookrunners, and Euro Pacific Capital, Inc. and Sprott Private Wealth LP, as co-managers, to purchase, on a bought deal basis, 12,500,000 units of the Company at the price of US$1.60 per Unit for aggregate gross proceeds of US$20 million. Each Unit consists of one common share in the capital of Great Panther and one-half of one common share purchase warrant. Each Warrant entitles the holder thereof to purchase one Share at the exercise price of US$2.25 per Share for a period of 18 months after the closing of the Offering.

Golden Tag Updates Financing

Golden Tag Resources Ltd. announces that the completion of the private placement as announced in the Company’s news release of May 26, 2016, is now targeted to be completed in approximately two weeks. While a significant portion of the funds have been received to-date the minimum of $500,000 has not yet been received although it has been informally committed.

Energold Drilling Corp. Completes $5,750,000 Public Offering

The net proceeds of the Offering will be used by the Company to fund a portion of the Company’s capital program, which includes the purchase of two drilling rigs and ancillary supplies, and for working capital purposes. The objective is to extend the Company’s capability in technical mineral and water drilling programs in Africa.

Alta Vista Signs LOI To Acquire High Eye Aerial Imaging Inc.

Alta Vista Ventures Ltd. announces the signing of a Letter of Intent to purchase a 100% interest in High Eye Aerial Imaging Inc. High Eye is a leader in unmanned aerial vehicle surveying and is the only company in Ontario to offer both multi rotor and fixed wing UAVs to their clients.

Starcore mines ore from drill hole 31-79.

“This new area, although relatively small, gives us the opportunity to understand the nature of the mineralization in the northern part of the mine which was extracted prior to Starcore purchasing the mine. We expect this perception to aid us in our endeavours to expand reserves and resources to the north.” said Robert Eadie, President and CEO of the Company.

Fortuna commissions 3,000 tpd mill expansion on-time and under-budget at the San Jose Mine, Mexico

Jorge A. Ganoza, President and CEO of Fortuna, commented, “I would like to commend the superb work done by our team in delivering the construction and commissioning of the San Jose Mine expansion to 3,000 tpd on-time and under-budget.” Mr. Ganoza continued, “Post expansion, the San Jose Mine will rank among the world’s top thirteen primary silver producing mines with an estimated AISC below US$7.0 per ounce of silver.”

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