Proceeds received from the Private Placement will be used for the development of the Company’s Moyie Anticline Project, other resource properties (eligible for “Canadian exploration expenses, which are flow-through mining expenditures) and general working capital requirements including becoming a publicly listed company on a Canadian Stock Exchange before the end of 2022.
Excellon Resources Inc. is pleased to report that shareholders voted in favour of all items of business at the Company’s 2022 Annual General and Special Meeting held on August 12, 2022.
Nomad Royalty Company Ltd. is pleased to announce that the Superior Court of Québec has issued a final order approving the previously announced acquisition of the Company by Sandstorm Gold Ltd. by way of a plan of arrangement in accordance with the Canada Business Corporations Act.
“We are generally pleased with the progress made in the first half of 2022 where we focused on the Cosalá Operations ramp-up, the refurbishment and installation of the new hoist at the Galena Complex and improving the overall financial position of the Company,” stated Americas Gold and Silver President & CEO Darren Blasutti.
“The closing of this acquisition marks an important milestone in Orla’s journey in becoming a growth-oriented, low-cost, mid-tier gold producer,” said Jason Simpson, President and Chief Executive Officer of Orla Mining.
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