Day: March 13, 2018

Orla Announces Appointment of E. Morin as CFO

Marc Prefontaine, Chief Executive Officer of the Company, commented: “On behalf of the Board of Directors, we would like to welcome Etienne to the Orla team. Etienne has extensive industry experience and market understanding, which will help guide the Company through the next phase of its development, and I look forward to working with him to execute on the Company’s strategic initiatives. I would like to thank Paul Robertson for his dedication to this role since 2015, including his oversight of two significant acquisitions for Orla.”

Primero Announces Shareholders Vote in Favour of Transaction With First Majestic

Joseph F. Conway, Interim President and Chief Executive Officer of Primero added, “We are very pleased at the overwhelming support by our stakeholders for this transaction with First Majestic. It provides our shareholders an attractive immediate premium as well as retaining exposure to the high quality, long-lived San Dimas asset that they invested in, with the benefit of a significantly reduced stream. Our debentureholders will also benefit by being paid out at par plus accrued interest.”

Southern Silver Announces Initial Analyst Coverage Report by Fundamental Research Corp.

The research report dated March 2, 2018 entitled “Southern Silver Exploration Corp. (TSXV: SSV/FSE: SEG1 /OTCQB:SSVFF) – Initiating Coverage: Significant Resource Expansion in Durango, Mexico” was written and produced by FRC’s Vice-President and Head of Research, Siddharth Rajeev, B.Tech, MBA, CFA, as an independent analysis of SSV’s activities and progress.

Plata Latina Announces Debt Restructuring

Plata Latina Minerals Corporation advises that it has entered into a debt settlement agreement with Mr. Gilmour Clausen, the Chairman and major shareholder of the Company. Pursuant to the Agreement, the Company agreed to issue 6,976,845 common shares to Mr. Clausen, representing approximately 10.35% of the current issued and outstanding common shares of the Company, at a deemed price of $0.045 per share based on the 15-day volume weighted average price. Post to the debt conversion, Mr. Clausen’s holdings of the Company’s common shares will be approximately 27.10%. The debt relates to a promissory note of CAD $250,000 entered on May 5, 2015, bearing interest at 10% per annum.

Alio Gold Intersects 6.5 G/T AU Over 19 Metres at Ana Paula

“The results of our first drill hole targeting the high-grade breccia below the proposed pit validate our decision to commence the surface drill program ahead of drilling from the underground decline,” said Greg McCunn, Chief Executive Officer. “The results will allow us to more fully understand the geometry of the complex breccia and the nature and extent of the mineralization ahead of drilling from the underground decline which is expected in Q3 2018. An added objective of our program was to test a lower-grade hydrothermal breccia structure lying south of the proposed pit which have shown positive results from this initial hole. The lower-grade hydrothermal breccia lies outside of the proposed PFS pit outline.”

All News