Day: January 7, 2019

Silver One Closes Private Placement Financing And Comments On Recent Trading Activity

Silver One Resources Inc. is pleased to announce that it has closed its previously announce private placement financing by issuing 4,158,334 Units at a price of C$0.15 per Unit for gross proceeds of C$623,750. Silver One also wishes to comment on the recent high level of trading activity that has occurred. The Company is not aware of any other specific factors, other than information previously disclosed in its public filings, news releases or statements, which would result in the levels of trading activity and change in the share price recorded in recent days.

Oceanus 2018 Year End Review

Glenn Jessome, President and CEO of Oceanus, commented: “Since acquiring the El Tigre Property at the end of 2015, we have completed in excess of 12,000 metres of diamond drilling, generated a 43-101 mineral resource estimate containing indicated resources of 661,000 gold equivalent ounces and inferred resources of 341,000 gold equivalent ounces, and our experienced exploration team has identified several additional high-priority exploration targets located to the south, north and north-east of the resource area. With the favorable El Tigre Formation having been followed for more that 10 kilometres, we believe that we have the makings of a district-scale system. We are still in the early days of unlocking the potential of the large land package we have at El Tigre and look forward to further exploration success in 2019.”

Defiance Silver and ValOro Resources Complete Merger

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. Given the rise in precious metal prices and with these two advanced projects, we believe the time is right to unlock their value to shareholders”

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