Month: November 2016

Avino Silver & Gold Mines Ltd. further to the Company’s press release dated November 21, 2016, the Company is pleased to announce that it has closed the bought deal financing with Cantor Fitzgerald Canada Corporation, as sole bookrunner, and Rodman & Renshaw, a unit of H.C. Wainwright & Co., LLC, as lead manager, Euro Pacific Capital, Inc., Roth Capital Partners, LLC, Echelon Wealth Partners Inc. and Haywood Securities Inc., as co-managers, for the issuance of 7,124,430 units of the Company at the price of US$1.57 per Unit for aggregate gross proceeds of US$11,185,355.10 in Canada and the United States of America. Each Unit consisted of one common share of the Company and one-half of one common share purchase warrant. Each whole Warrant is exercisable to purchase one additional Common Share at an exercise price of US$2.00, subject to adjustment, until November 28, 2019.

Canuc Resources Corporation is pleased to announce that the Company has received conditional approval from the TSX Venture Exchange for the reverse takeover transaction previously announced on August 29, 2016. The Transaction involves the combination of Canuc and Santa Rosa Silver Mining Corp. by way of an amalgamation of Santa Rosa and a wholly-owned subsidiary of Canuc, to form one company as a wholly-owned subsidiary of Canuc. Completion of the Transaction and the listing of the combined entity remains subject to a number of conditions including those imposed by the TSXV, which include receipt by the TSXV of satisfactory final documentation in respect of the Transaction, completion of a concurrent equity financing for minimum gross proceeds of $1.3 million and receipt by the Company of the written consent of the holders of more than 50% of the issued and outstanding common shares of the Company held by disinterested shareholders.

Silver Spruce Resources Inc. is pleased to announce that its Board of Directors has approved the appointment of Karl J. Boltz as President and Chief Executive Officer of the Company. Mr. Boltz has also been appointed by the Board to serve as a Director of Silver Spruce.

BACANORA MINERALS LTD. – the Board of Bacanora, the Canadian and London listed company focused on developing the Sonora Project in Mexico, is pleased to announce changes to the composition of the Board. These are in line with the Company’s strategy to build a robust and independent Board with a complementary skill set to effectively facilitate the development of Sonora into a world class lithium carbonate operation.

Jim Culver, President of VVC commented that, “We are very pleased at the market reception to the Company’s placement, and the commitment of our existing shareholders to supporting the Company. With the recent increases in the price of copper, VVC’s prospects, with the Samalayuca Copper Project look especially bright.”