An aggregate of 25,335,000 Common Shares were issued by the Company at a price of $1.50 per Common Share for aggregate gross proceeds of $38,002,500.
The Company’s new focus is in the Red Lake district of Ontario after a series of option agreements and acquisitions recently announced.
In Mexico, the company said an induced polarisation magnetic survey was underway at the Donovan 2 copper-gold project and an underground sampling program was being finalised for its San Celso silver project.
Silver Spruce Resources Inc. announced today that that it has completed its non-brokered private placement for total proceeds of $259,500.
Aura Minerals Inc. is pleased to announce that the Company has filed a draft of a preliminary prospectus and draft of a Formulário de Referência with the Brazilian Securities Commission for the purposes of completing an initial public offering in Brazil and concurrent listing of Brazilian depositary receipts on B3 S.A. – Brasil, Bolsa, Balcão.
Newmont Corporation announced today that on (a) February 14, 2020, 9,000,000 warrants of Mawson Resources Limited held by Goldcorp Inc., its wholly-owned subsidiary, expired in accordance with their terms, and (b) February 29, 2020,8,480,000 warrants of Colorado Resources Ltd. held by Goldcorp expired in accordance with their terms.
Chesapeake Gold Corp. is pleased to announce an option to acquire a 100% interest in the El Duraznito gold-silver project located near the town of Tayoltita in Durango State, Mexico. Regional reconnaissance identified El Duraznito and follow up grassroots exploration generated impressive results. El Duraznito is located about 18 kilometers east of First Majestic Silver Corp.’s San Dimas Mine.
Alamos Gold Inc. today announced that the Company’s Board of Directors has declared a quarterly dividend of US$0.015 per common share and introduced a Dividend Reinvestment and Share Purchase Plan.
Pete Dougherty, President and CEO stated: “We are very pleased with the ongoing success of our exploration program at Magino, where we continue to intersect higher grade gold mineralization in structures at depth and as we step out to the west of Magino. We are especially pleased with the results of our deeper drilling where hole 20 intersected some of our best results yet, more than 700 metres vertically below surface, with 6 metres at 10.79 g/t Au, including a 2.95 metre interval of 21.07 g/t Au.”
“With production from the Bonanza Zone in sight, we are very pleased that the 2019 drilling program lived up to expectations by improving the understanding of the Deep Zone, which should add many years of life to the mine,” said George Paspalas, President and CEO of MAG.
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