The net proceeds of the Public Offering will be used to advance the exploration and development of the Company’s Panuco project, to make option payments and pursue potential future acquisitions, as well as for working capital and general corporate purposes as set out in the prospectus supplement.
“Colibri is very excited for this inaugural drilling program at El Mezquite. We feel that this project has potential to build a great deal of shareholder value for both Colibri and our partner. We expect lots of news about progress on several projects in the near term.”
“Wherever Alamos operates in the world, we hold ourselves accountable to the highest environmental, social and governance standards. Our commitment to acting responsibly and delivering excellence in sustainability allows us to create a lasting legacy that benefits all Alamos stakeholders, including our employees, local communities and host governments,” said John A. McCluskey, President and Chief Executive Officer.
“With this report we offer a transparent review of how we work toward making a positive difference in the lives of our employees, stakeholders, business partners and host communities around the world.”
VanGold Director and major shareholder Daniel Oliver, Jr. said: “The name Guanajuato Silver better illustrates who we are as a company, describes the Mexican region we are active in, and defines the principal metal we anticipate that we will soon be producing.”
Heliostar CEO, Charles Funk, commented, “We now have over 360 metres of continuous, high silver and gold grades at the main Prospecto vein at Oso Negro and have defined drill targets on all three previously known veins on the property.”
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