A fully underwritten renounceable pro rata offer of New Shares at an issue price of $0.016 each on the basis of 2 New Shares for every 5 Shares held on the Record Date to raise up to approximately $2,952,072.
MX Gold Corp. is pleased to announce that, further to its February 13, 2017 news release, the Company has paid an additional US$425,000 to American Metal Mining S.A. de C.V. as required under the option agreement dated February 6, 2017, as amended. To date, the Company has paid US$1,075,000 of the US$1,525,000 total amount required in order to acquire 50% of the shares of a private Mexican corporation that holds the IDS Project. As stated in the February 13th news release, the IDS Project consists of a past producing gold smelter, three acres of land situate around the smelter, and various equipment and permits associated therewith. Upon advancement of the initial payment, the Company was granted a 49.5% net profit participating interest in the IDS Project that will remain until option exercise, provided that all payments are made by the Company in accordance with the amended option agreement.
Frederick H. Earnest, President and Chief Executive Officer, commented, “We believe that we have sufficient working capital to cover our fixed costs for several years; to execute selected discretionary programs intended to optimize and add value to Mt Todd; and to complete all of the critical milestones, including permitting, necessary to advance the Mt Todd project to the point of a development decision.
Leagold Mining Corporation announces that pursuant to the Companys Stock Option Plan, a total of 9,000,000 incentive stock options have been granted to its officers, employees, consultants and a charitable organization. The stock options are exercisable at a price of C$2.85 per share for a period of 5 years, subject to regulatory approval.
New Gold Inc. today announces the voting results from the election of its Board of Directors at New Gold’s Annual and Special Meeting of Shareholders held on April 26, 2017 in Toronto, Ontario. The director nominees listed in the Management Information Circular dated March 13, 2017 were elected as directors of New Gold at the Meeting. Detailed results of the vote are set out below.
Cameron King, President & CEO of Vangold Resources Ltd, commented; This is a significant milestone for the Company. The Technical Report offers detailed history, collection and sampling of the underground stock mineral pile. The Company is also in the initial days of a three-month Exploration Program for 3D modelling and drill site selection. The Company will announce progress reports throughout the term of the Exploration Program
The Consideration payable to Nyrstar consists of USD 0.8 million that was paid to Nyrstar upon signing the Agreement, USD 2.7 million payable in cash by the closing of the Transaction, and USD 16.5 million payable in cash on or before the 12 month anniversary of the closing of the Transaction. Closing of the Transaction is subject to customary closing conditions and is expected to occur by Q3 2017.
Telson Resources Inc. is pleased to announce that is has entered into a definitive Share Purchase Agreement with Nyrstar Mining Ltd. and Nyrstar Mexico Resources Corp. to purchase all of the shares of Nyrstar’s Mexican subsidiary companies that make up and own 100% of the Campo Morado mine, located in Guerrero State, Mexico.
“Operationally, 2017 has started strongly with solid performance on both the production and cost fronts. Higher gold production at lower costs has resulted in stronger cash flow generation and has allowed us to increase our production guidance for the year”, said Sean Boyd, Agnico Eagle’s Chief Executive Officer. “In the first quarter we also made very good progress at several of our growth projects with Meliadine progressing as expected, the Canadian Malartic extension receiving government approval and the Goldex Deep project ahead of schedule and under budget”, added Mr. Boyd.
Capstone Mining Corp. today announced the voting results from its 2017 Annual General and Special Meeting held April 26, 2017 in Vancouver, British Columbia.
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