Month: April 2019

With the proceeds of the second tranche, Defiance significantly reduced its outstanding liabilities and increased its cash balance. Defiance also intends to use the proceeds of the financing to permit and complete an aggressive drill program at its San Acacio Silver project.

Sable Resources is pleased to announce a non-brokered offering of a maximum 10 million units priced at $0.15 consisting of one common share and one half of one common share purchase warrant. Each full purchase warrant will entitle the holder to acquire one additional common share of the company at an exercise price of $0.25 for a period of two years. The financing will close on or about April 16th 2019. The Company may pay a finders fee to certain qualified registrants assisting in the Offering in an amount to be determined. Funds will be used to complete phase two drilling and engineering on the Margarita Project in Mexico, complete geological mapping on the Don Julio Project in Argentina and for general corporate purposes.

La negociación se firmó el 8 de marzo y concluyó el 9 del mismo mes. En esta, las beneficiarias del préstamo, así como la filial Dia Bras Perú S.A.C., recibieron asesoría de Payet, Rey, Cauvi, Pérez Abogados (Lima).

Camrova Resources Inc. announces that it has closed $53,800 in the first tranche of the previously announced private placement of units of the Company. Each Unit consists of one common share of Camrova and one common share purchase warrant. Each Warrant will be exercisable into one common share for a period of two years at a price of $0.10 per share.

Jorge A. Ganoza, President and CEO, commented, “Based on the results of the 2018 infill drill program and optimization of our mine plan, we have been able to identify higher grade mineralized areas for mining in Lindero´s first year of commercial production.” Mr. Ganoza added, “As we conduct additional studies on expanding the leach pad facility, the Company will be in a position to assess the ability to upgrade material from measured and indicated resources to reserves.”

Goldcorp Inc. is pleased to announce that Goldcorp’s shareholders have voted overwhelmingly in favour of the plan of arrangement to combine with Newmont Mining Corporation at a special meeting of shareholders held earlier today.

Mr. Brad Langille, President and CEO, stated, “Production increased each month during the quarter and the Company expects that there will be continued improvement in the June 30, 2019 quarter”.

GREAT PANTHER MINING LIMITED reports, further to its news release dated March 5, 2019, that all holders of the outstanding senior secured debentures maturing on June 30, 2023 issued by Beadell Resources have accepted the Company’s repurchase offer made under the terms of the indenture governing the Debentures. The repurchase was completed today for an aggregate price of US$10,500,000, plus accrued interest.

The closing of the Pershing acquisition is a landmark event for Americas Silver shareholders, said Darren Blasutti, President & CEO of Americas Silver. The Company can immediately begin construction at Relief Canyon now that the Transaction has closed, and we have secured financing and Board approval. With Sandstorm as our financing partner, we have raised the necessary capital to fund the Project through to sustainable cash flow while adding an important strategic partner as the Company’s largest shareholder. The addition of Mr. Pierre Lassonde as a significant shareholder further strengthens and enhances confidence in the Project and the management of the Company.