Silver Spruce Resources Inc. announced today that it has granted 6,750,000 stock options to directors and consultants of the Company with an exercise price of $0.05 per share and an expiry date of June 16, 2025.
Arturo Bonillas, President and Chief Executive Officer of Magna, stated, “While we continue to aggressively advance our re-engineering and optimization of the San Francisco mine, the residual leach operation continues to provide high-margin gold production that has helped to bolster our balance sheet. We continue to be excited about the prospects at San Francisco and look forward to providing our shareholders and the market with an initial view of the mine’s potential in the near-term.”
“M3SH strives to assist clients in gaining new levels of performance, while improving health, safety and wellness – making work easier, safer and more connected using the latest digital solutions. For M3SH this MoU marks a significant development in our ability to deploy our IIoT solutions while working with Canuc and using the Ioticiti Networks Inc. platform,” stated Andre Jansen Van Rensburg, CEO of M3SH.
The Company intends to use the net proceeds of the Private Placement to conduct exploration work on its Tombstone CRD silver-gold-lead-zinc-copper project in Arizona and its Cervantes Porphyry gold-copper project in Mexico, and for general working capital purposes including repayment of working capital loans from two insiders and a strategic investor.
Mr. Ralph Shearing, Telson’s CEO and President states ” Telson’s management is extremely pleased to have gained the major financial support of Accendo Banco and upon closing of the US$12 Million loan facility, the Company will be in a position to advance its 100% owned Tahuehueto gold mine towards the completion of construction which we strive to achieve in early 2021.
Shareholders voted in favour of all items of business, including the election of each director nominee by show of hands.
“We have a special opportunity at Silver City to put the first drill holes into an historic high-grade silver district,” stated Ben Pullinger, SVP Geology.
“Now that Oroco is quoted on the OTCQB and is DTC eligible, it is significantly easier for U.S.-based investors to participate in Oroco’s share ownership,” said Oroco CEO Craig Dalziel. “This is an important step in increasing the Company’s exposure to the U.S. investment community.”
Five developers have handed in proposals for early stage geothermal project financial support from the Mexican Geothermal Financial Program managed by INEEL and funded by the Inter-American Development Bank.
Proceeds from this financing will be used for working capital purposes, including corporate development expenses.
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