The proceeds from the private placement will be used for exploration of the Melchett Lake VMS mineral property located in the Thunder Bay mining district in Northern Ontario.
Peter MacKay PC, QC (Privy Council and Queen’s Counsel) is currently serving as a strategic advisor to both Deloitte Canada and McInnes Cooper LLP.
Capitan’s CEO, Alberto Orozco, stated: “We are excited with the drill results to date, as they demonstrate the growth potential for the Capitan gold zone at the Peñoles Project. Our initial holes reported focused more on the better-drilled, western portion of the resource, but as we are stepping out towards the southeast, where previous drill holes were limited, we are now seeing higher potential to increase the size of the gold-mineralized body.”
Gatos Silver, Inc. is pleased to announce the reactivation of drilling through three separate programs that are collectively estimated to require 58,000 meters of exploration and definition drilling at an expected cost of $6.1 million.
Equinox Gold Corp. and Premier Gold Mines Limited are pleased to announce that the companies have entered into a definitive agreement whereby Equinox Gold will acquire all of the outstanding shares of Premier.
Matthew O’Kane, Managing Director of Comet Resources, said “It’s great to have boots on the ground pushing forward to drilling for Q1 next year, and to be finalising plans for a number of geological work programs at Santa Teresa. I am very pleased with the expediency of work from Interminco and have great confidence in our recent appointment of Cascabel – Imdex as Geological Consultants.”
CARLYLE COMMODITIES CORP. is pleased to announce that it has amended the terms of an aggregate of 15,827,000 warrants (each, a “Warrant”) issued by the Company in connection with its non-brokered private placement which closed in three tranches on March 27, 2020, April 29, 2020, and May 15, 2020.
“We continue to show excellent cash flow from our mining operations and report our second quarter of $0.03 per share earnings bringing us to $0.06 per share for the 6 month period,” reported Robert Eadie, CEO and President of the Company.
Net proceeds of the financing will be used to advance Valterra’s recently implemented Brazilian gold program and for working capital.
Carlos Silva, CEO of Santacruz, commented, “Management is very pleased to have reached this accommodating mining lease extension agreement with Minera Cedros in these difficult Covid-19 operating times. We believe that we are well on our way to being able to complete the acquisition of the Zimapan Mine in early 2021.”
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