VanGold Director Daniel J. Oliver said, “This is a transformational acquisition for VanGold Mining. Our preliminary internal financial model shows a swift path to restarting production, a favorable payback period, and robust cash flows with silver at US$23 and gold at US$1850.”
“We are delighted to bring Orla to the NYSE American. We believe the increased access to Orla’s shares will broaden our investor base, enhance trading liquidity, and bolster our overall Company profile,” stated Etienne Morin, Chief Financial Officer of Orla.
Reyna Silver Corp. advises that it has made an application to the TSX Venture Exchange for approval of the issuance of $299,000 of its common shares toward partial annual compensation to five directors and officers of the Company.
McEwen Mining Inc. is pleased to announce that due to strong investor demand, it has increased its previously announced non-brokered private placement from 6,136,000 common shares (CDN$10,001,680) to 7,056,400 common shares (CDN $11,501,932) of the Corporation issued on a flow-through basis at a price per share of CDN $1.63, with an option to increase the Offering from 920,400 FT Shares (CDN$1,500,252) to 1,058,460 FT Shares (CDN$1,725,290) exercisable at any time up to two business days prior to the closing of the Offering by way of a non-brokered private placement.
Sonoro Gold Corp. is pleased to report very favourable results from its current step-out and infill drilling programs. The current programs have demonstrated a material expansion of several mineralized zones, most notably at Japoneses, Buena Suerte, Veta de Oro, El Rincon and El Colorado (see map below). Based on these results, the Company is revising the parameters for a planned Preliminary Economic Assessment (PEA) to assess the viability of Heap Leach Mining Operation (HLMO) by increasing the target conceptual capacity from 8,000 tonnes per day to 20,000 tpd.
Alamos Gold Inc. today announced that it has filed with and received acceptance from the Toronto Stock Exchange, for a Notice of Intention to make a Normal Course Issuer Bid permitting Alamos to purchase for cancellation up to 35,145,504 Class A Common Shares, representing 10% of the Company’s public float of the Common Shares as of December 14, 2020, being 351,455,040 Common Shares.
Tamino Minerals, Inc. is pleased to announce the engagement of Executive Industries to facilitate the removal of the stop sign on OTC Markets from the company’s current information. Executive Industries, a division of Here To Serve Holding Corp. is going to immediately begin the task of doing the accounting for Tamino Minerals Inc. for the last two years to qualify Tamino for Pink Sheet “current” status.
All matters presented to shareholders of the Company for approval at the Meeting as set out in the Company’s management information circular dated October 27, 2020 were approved by the requisite majority of votes cast at the Meeting..
Bradford Cooke, CEO of Endeavour commented, “We are pleased to enter into this transaction to sell our El Cubo assets to VanGold. They are an ideal fit given the proximity of the Pinguico property to the El Cubo plant. We will become VanGold’s largest shareholder and look forward to supporting the VanGold team as they advance the Pinguico and El Cubo assets through exploration and development to production.”
Fabled Silver Gold Corp. is pleased to announce the listing of its common shares for trading on the Frankfurt Stock Exchange (“FSE ”) under the symbol “7NQ” and WKN # “A2QKYJ ”.
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