Leagold entered a binding sale and purchase agreement with Goldcorp Inc. dated January 11, 2017 to acquire the Los Filos Gold Mine for $350 million through the purchase of Goldcorps Desarrollos Mineros San Luis S.A. de C.V. subsidiary. The purchase price is made up of $279 million in cash and $71 million in common shares of Leagold. For further details of the Acquisition, see the Companys news release of January 12, 2017.
Canasil Resources Inc. announces that the Company has received assay results for the first drill hole, ES-16-12, of the 2016-17 core drilling program at the La Esperanza silver-lead-zinc project in Durango and Zacatecas States, Mexico. This drill hole intersected an extended interval of banded quartz veins, veinlets and breccias hosted within fractured and brecciated volcanic rocks from 345 metres to 391 metres down-hole. The interval returned assay results indicating several narrower zones carrying anomalous gold and copper, low silver and appreciable lead and zinc values. The widest zone at the bottom of the hole returned an intercept of 3.57 metres (true width 3.08 metres) grading 0.14 g/t Au, 21 g/t Ag, 0.82% Pb and 2.63% Zinc. The principal mineralized intervals are reported in the table below:
Alamos Gold Inc. today announced that it has closed its previously announced bought deal offering at a price of US$7.95 per common share. A total of 31,450,000 common shares were sold in the offering for gross proceeds of US$250 million.
Riverside’s President and CEO, John-Mark Staude, stated: “We are pleased to be drilling and exploring with Antofagasta as a partner in Sonora, Mexico. The drill program at Thor has delivered a positive proof of concept with the discovery of extensive porphyry style veining in the drilled target areas. The project will now be progressed with further targeting work on both the upper and lower plates in an attempt to vector in on a potential copper porphyry discovery.”
Fortuna Silver Mines Inc. is pleased to announce that it has completed its previously announced bought deal financing and has issued 11,873,750 common shares, including 1,548,750 common shares that were issued upon the full exercise of the over-allotment option, at US$6.30 per Offered Share for gross proceeds to the Company of US$74,804,625. The Offering was conducted by a syndicate of underwriters co-led by Raymond James Ltd., BMO Nesbitt Burns Inc. and Scotia Capital Inc., and including CIBC World Markets Inc. and National Bank Financial Inc. The net proceeds from the Offering will be used for general working capital purposes.
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