Day: August 7, 2018

“With strong consolidated production realized from Premier’s mining operations during the first half of the year, we have fully paid down the Company’s debt and expect to meet or beat consolidated annual gold production guidance in 2018” stated Ewan Downie, President and CEO of Premier. “Our cash position will fund the near-term development of three additional deposits from within our project portfolio, including the construction of two new mining operations at the South Arturo JV in Nevada that are now underway”.

“We are excited to see our fully funded exploration drilling program at the Toughnut Property advance as planned and are encouraged by the observation of visible gold in two holes so far. We look forward to assay results being released in the coming weeks,” said Michael McPhie, President and CEO of Prize. “Further, despite difficult public markets we have been able to raise significant funds and establish key relationships with a great new investor group. We have had to extend the closing of our second tranche of financing a few more days upon request from our lead order due to summer schedules. With the proceeds of this financing, the Company will be fully funded to begin drilling at the Manto Negro Copper Project in Mexico later this month and execute on our overall business strategy for the Company.”

“By acquiring Marlin, post spin-out of certain loans and assets, shareholders of Golden Reign (to be renamed Mako Mining Corp.) will benefit from the producing La Trinidad Gold Mine in Mexico, over $6,000,000 in cash and no debt, and an unencumbered, fully permitted, high grade gold development asset in Northern Nicaragua. With the issuance of new shares at an exchange ratio of 0.5138, Golden Reign will be issuing 91.2 MM new shares in connection with this transaction, which will bring its shares issued and outstanding to 283.4 MM”, stated Kevin Bullock, CEO of Golden Reign.

“The exploration success we have seen across the portfolio in recent quarters continues,” said Phillips S. Baker, Jr., President and CEO. “The teams at Casa Berardi, Greens Creek and San Sebastian are discovering high-grade material, both at surface and at depth. A new focus is our 110-square-mile land package in Nevada where we are integrating the existing exploration team and ramping-up drilling.”