Consolidated Zinc – Placement to Fund Equipment Upgrades
June 10, 2020
Placement of 190.0 million Shares to raise $0.57 million on the same terms as the recently completed Entitlement Issue.
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Placement of 190.0 million Shares to raise $0.57 million on the same terms as the recently completed Entitlement Issue.
“We are pleased to be debt free again and can now direct our positive cash flow to improving production at the San Martin mine,” stated Robert Eadie, CEO and President.
The Board of Directors have appointed Ms. Ana Lopez as a Director of the Company effective June 9, 2020.
Kootenay Silver Inc. announces its partner on the Cervantes project, Aztec Minerals Corp. has provided an updated review in anticipation of signing the joint venture agreement and developing the first joint venture exploration program.
The Board believes that the proposed share consolidation is necessary to facilitate new equity investment in the Company to finance continuing business activities and assist in its overall marketing efforts.
Silver Viper’s President and CEO Steve Cope states, “We are extremely happy with this new achievement in the Company’s development as we look forward to expanding our reach into the U.S. Capital Markets. The OTCQB platform will enable Silver Viper to access a larger investor base and subsequently lead the Company to increased liquidity and shareholders.”
Pursuant to the terms of the indenture governing the Existing Notes, New Gold will issue a conditional notice of redemption to redeem the outstanding Existing Notes, which redemption will be conditional upon the successful completion of the offering of the Notes.
Evrim’s President & CEO Paddy Nicol stated, “The combination of Evrim and Renaissance to form Orogen Royalties Inc. is an important and exciting milestone on the path towards creating an enlarged royalty portfolio with exceptional capability to generate additional royalties through organic prospect generation and joint venture partnerships.
The Company has also finalized initial plans for the Phase 3 drill program which will commence shortly following the resumption of post-covid mining activities in Mexico. Current plans call for an additional 20-25 holes at Nicho totaling approximately 4000m as well as the Company’s first drill holes at the Zata and Gold Ridge targets in addition to the recently identified Bufita target.
The initial exploration program will consist of a team of 4 geologists and technicians completing reconnaissance prospecting and geological mapping.
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