Month: April 2017

GREAT PANTHER SILVER LIMITED announces that Robert Archer, President and CEO, has advised that he will be stepping down during 2017 and will work with the board of directors to find his successor. Accordingly, the Board has retained a globally recognized recruitment firm to conduct an executive search for a new President & CEO who will maximize the Company’s growth opportunities over the next five to seven years. Mr. Archer will remain in his current executive role until a suitable successor has been appointed, and thereafter as an ongoing member of the Board.

Southern Silver Exploration Corp. reported that at its annual general meeting held on March 30, 2017 the following directors were re-elected: Lawrence Page, Q.C., D. Roger Scammell, Eugene Spiering, Nigel Bunting, Larry Buchanan, Peter Cheesbrough and Donald Head. In addition, the shareholders re-appointed Smythe LLP, Chartered Accountants, as auditor of Southern Silver and approved Southern Silver’s rolling incentive stock option plan pursuant to which a maximum of 10% of the issued shares will be reserved for issuance under the plan. The plan is subject to TSX Venture Exchange acceptance.

Alset Energy Corp. is pleased to announce that it will be changing its name to Alset Minerals Corp., while keeping its current stock symbol. The name change reflects the company’s broader focus and commitment of developing its Mexican salar projects, which can potentially serve a wide spectrum of agriculture, chemicals and industrial minerals markets, in addition to its lithium focus.

Geologix Explorations Inc. is pleased to announce that it has retained Eight Capital to act as lead agent, on behalf of a syndicate of agents, to offer for sale, on a “best efforts” private placement basis, units of shares and warrants of the Company to be structured and priced in the context of the market, for total gross proceeds of up to $3,000,000. The net proceeds of the Offering will be used for exploration and development expenditures at the Company’s Tepal Gold/Copper Project, working capital and general corporate purposes.

Fortuna Silver Mines Inc. today provided an update on the ongoing regulatory review of the Company’s 2015 annual filings by the United States Securities and Exchange Commission and announced the issuance of a management cease trade order by the British Columbia Securities Commission and other Canadian provincial securities regulatory authorities.

“Alamos is once again debt-free and will benefit from substantial interest savings over the next several years with the retirement of these Notes. We have significantly strengthened our balance sheet and are well positioned to fund our portfolio of attractive internal growth opportunities,” said John A. McCluskey, President and Chief Executive Officer.

Westminster Resources Ltd. announces that its board of directors has approved a resolution consolidating the Company’s issued and outstanding common shares on the basis of one new common share for every ten existing common shares. Currently, the Company has 44,288,292 common shares issued and outstanding, and upon consolidation, there will be approximately 4,428,829 common shares issued and outstanding. The board of directors believes that the consolidation will help the Company complete future financings and advance its projects.