Mexus Pays Off Outstanding Debt Obligation; Quarterly Audit to be Completed This Week
July 12, 2020
Mexus Gold US announced that the company satisfied a $57,000 note payable by way of conversion.
Menu
Menu
Mexus Gold US announced that the company satisfied a $57,000 note payable by way of conversion.
The Company announces that it has accepted the resignation of Curtis Turner as Chief Executive Officer and Director.
On closing of the Transaction, each of the Alacer issued and outstanding common shares will be exchanged for 0.3246 of an SSR Mining common share.
Subject to the receipt of all regulatory approvals, the Company will issue 4,014,998 Units, each Unit consisting of 1 common share and 1 common share purchase warrant, each warrant being exercisable at $0.10 for 24 months, for gross proceeds of $301,125. Proceeds from the financing will be used to fund drilling at the Tabasquena project near Ojocaliente, Mexico and for general corporate purposes.
Canasil President and CEO, Bahman Yamini, commented: “We are pleased to report that drilling has started as planned on the Candy vein at the Nora project. We look forward to the results from this initial drill program, which will test the first of multiple targets at the project. The Nora project is exceptionally well located in a region hosting large silver-gold mines and deposits, and presents the opportunity for discovery of a high-grade silver-gold epithermal vein system.”
Millrock President & CEO commented: “Hole 20AU004 is an exciting hole to drill. We believe the gold mineralization at surface is a good indicator for gold below surface in flat-lying structures.”
Avino Silver & Gold Mines Ltd. reports that members from the Mexican mining union have blocked the entrance to the Avino Mine near Durango, Mexico.
“Our quick actions at the beginning of the pandemic minimized impact on our operations and finances, so production and cash flow generation were strong this quarter,” said Phillips S. Baker, Jr., Hecla’s President and CEO.
The net proceeds from the Offering will be used to advance the Panuco project, as well as for working capital and general corporate purposes.
La minera mexicana plantará 13,500 árboles en una superficie de 15 hectáreas, en 2020 *Mediante un monitoreo trimestral, la empresa planea asegurar una supervivencia superior
Check the Mining State Panoramas
The promotion and dissemination as essential elements to understand and disseminate our Mineral resources, that is why today it is pleased to make the document “Mining Panorama” available to society, by state.
GeoInfoMex, is the consultation system of the Mexican Geological Service that allows users to know geoscientific information and make decisions with savings in time and resources, helping to promote mining activity.
The DOF is the organ of the Constitutional Government of the United Mexican States, which has the function of publishing in the national territory, to so that they are properly observed and applied in their respective areas of competence.
Learn about the current situation of the mining industry as well as the activities carried out by Camimex.
Mexico Mining Center © 2021 / All Rights Reserved
