Day: June 28, 2021

Fortuna and Roxgold Shareholders Approve Business Combination to Create a Global Premier Growth-Oriented Intermediate Gold and Silver Producer

Following completion of the Arrangement, current Fortuna shareholders and former Roxgold shareholders will own approximately 63.6% and 36.4% of the outstanding Fortuna Shares, respectively. Post-arrangement, Fortuna will continue under the name “Fortuna Silver Mines Inc.” with the ticker symbol “FVI” on the Toronto Stock Exchange and “FSM” on the New York Stock Exchange, and Roxgold will be a wholly-owned subsidiary of Fortuna.

Chesapeake Releases Results from Metates Drill Program; Highlights Include 432 Metres of 1.80 g/t and 282 Metres of 1.53 g/t, Gold-Silver Equivalent

Alan Pangbourne, CEO, states: “The drill results from Metates are higher than expected further supporting our thesis that within the world class deposit, a higher-grade component exists from which we can build a foundation for a new mine plan. We look forward to completing ongoing efforts to re-scope and optimize this impressive project.”

Altaley Restructures US$26 Million Debt with Trafigura and Nyrstar

“We are extremely pleased to provide shareholders and investors this important and exciting news of achieving a negotiated US$26 million debt restructuring” states Ralph Shearing, CEO, “Within several weeks we anticipate closing the last step in our company’s recently announced Accendo Syndicate funding plan to provide Altaley a fully funded solution to complete the ongoing construction of its flagship Tahuehueto gold mine.”

All News