“We are very pleased that Selma has joined our Board,” said Jonathan Rubenstein, Chairman of MAG. “She brings extensive legal, governance and safety expertise to our Board, along with wide-ranging business and board experience, all of which furthers our ability to enhance shareholder value.”
Eagle Mines Limited announced today that it has agreed to subscribe for 15,391,605 units of Rupert Resources Ltd. in a non-brokered private placement at a price of $0.85 per Unit for total consideration of $13,082,864.
The proceeds from the Offering will be used to advance exploration on the Company’s current projects ($300,000), for generation of new projects ($400,000), marketing of projects to funding partners ($150,000) and the remainder for general corporate purposes.
The name change to Mexican Gold Mining Corp. was a result of the Continuation from Ontario to BC. As part of Company’s proposed business combination with New Found Gold Corp, previously announced on January 28, 2020, the Company will further change its name to Bonanza King Gold Corp. on closing of the transaction, expected on April 30, 2020.
Mr. Rodrigo Barbosa, President and CEO of Aura, said today “We believe that Gold Road has a good strategic fit with Aura’s portfolio. With our technical and managerial expertise we should be able to help Gold Road unlock value and grow.”
Hecla Mining Company today announced its intention to offer, subject to market and other conditions, $475 million aggregate principal amount of its senior notes due 2028.
During the year, the Company plans to spend $1.5 million drilling 11,500 metres at the Avino mine property and will target the areas of Avino, Avino West, the Santiago Vein and La Potosina.
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