Month: December 2018

Avino Silver & Gold Mines Ltd. announces that it has filed a new short form base shelf prospectus dated December 21, 2018 in Canada, pursuant to which Avino may distribute common shares from time to time through Cantor Fitzgerald & Co. as agent or as principal, pursuant to an amended and restated sales agreement currently in effect with the Agent for the distribution of the Offered Shares in the United States up to the aggregate sales amount of US$8.0 million in accordance with the terms of the Sales Agreement.

As set out in the September 2018 Quarterly Report announced on 29 October 2018, Consolidated Zinc Limited has undertaken a Detailed Costing Study that was submitted to banks and merchant trading houses and led to finance offers for the Plomosas Project. However, the opportunity presented by Grupo Mexico’s toll treatment and offtake agreement offered greater benefits and was accepted making the Study redundant in its current form.

First Majestic Silver Corp. is pleased to announce it has entered into an equity distribution agreement dated December 27, 2018 with BMO Capital Markets Corp. pursuant to which the Company may, at its discretion and from time-to-time during the term of the Sales Agreement, sell, through the Agent, such number of common shares of the Company as would result in aggregate gross proceeds to the Company of up to US$50.0 million.

Peter J. Hawley, President and CEO of Defiance, stated “We are pleased to complete the merger with ValOro and look forward with a shared common vision to unlock further exploration potential at the San Acacio silver project and Tepal gold project. I thank the shareholders of both Defiance and ValOro for their support of this transaction.”

Greg Crowe, President and CEO of Silver One Resources commented, “Since the Company started trading in Q3 2016, Silver One has continued to grow its mineral assets to include its flagship project, the past-producing silver mine at Candelaria and a highly prospective silver-gold exploration opportunity at Cherokee, both in Nevada.This is in addition to three silver projects located in Mexico acquired from First Mining Gold in 2016.The company has worked diligently to build a strong asset base despite a difficult time for the commodities sector and is now in a position to focus on organically growing these exceptional properties.The completion of the above announced private placement will allow the Company to conduct a limited drill program on its Peñasco Quemado project in Sonora State, Mexico which has geological similarities to the South32 Hermosa-Taylor project in Arizona.South32 recently acquired Arizona Mining for US$1.3 billion.”

“Dallas brings over twenty years of experience in accounting, finance, capital and public markets to Prize and we are pleased to have him join our Board of Directors” stated Michael McPhie, President & CEO of Prize Mining. “We would like to thank Feisal, Robert ad David for their work with the company and wish them well in their future endeavors.”

Silver Spruce Resources Inc. announces that further to its news release dated November 26, 2018, to complete a non brokered private placement of up to 60,000,000 units at a price of $0.025 and one common share purchase warrant at $0.05 the TSX Venture Exchange has granted an extension to the deadline to complete the previously announced private placement to on or before January 23, 2019.

Brad Marwood, Chief Executive Officer of the Company commented “We are very happy to have secured the increase in ownership of the Plomosas Mine as we see a bright future for the mine that will deliver increased shareholder value. Over the next 9 months the team will be pursuing avenues to increase production and decrease costs while revenues from zinc sales will allow the Company to resume resource definition drilling to increase the resource base and confidence.”

Ethos Gold Corp. announces that it has completed a non-brokered private placement of 7,000,000 Flow-Through Units of the Company at a price of C$0.28 per FT Unit for gross proceeds of C$1,960,000.

CAMROVA RESOURCES INC. announced today it has entered into an option agreement with Armex Mining Corp., a private mining company located in Vancouver, British Columbia granting it the right, effective as of December 24, 2018 to earn up to a 50% interest in and to certain mineral claims adjacent to and forming part of Armex’s Goldstream Mine Project located approximately 100 kilometers north of Revelstoke, British Columbia.