Inomin Mines Inc. wishes to provide an update to its previously announced non-brokered private placement of up to 10,000,000 units at $0.05 per Unit for gross proceeds of up to $500,000. The Company further announces that it has received a 30-day extension from the TSX Venture Exchange to complete the Financing.
The purpose of the Meeting is to seek approval of the previously announced spinout by way of a plan of arrangement between Vizsla Silver and Vizsla Royalties Corp. whereby the owners of common shares of Vizsla Silver are entitled to receive one-third of a common share of Spinco and one-third of a common share purchase warrant of Spinco for each Vizsla Silver Share held immediately prior to the closing of the Arrangement.
Silver Tiger’s CEO, Glenn Jessome, stated, “As we continue receiving promising assay results, it is apparent that the developing “Starter Pit” and “Keel Zone” show excellent grade and continuity.”
“Drilling at the Napoleon Vein and its high-grade splay structures continues to demonstrate excellent continuity,” commented Michael Konnert, President and CEO. “New drilling along the central and southern portions of the Napoleon resource area has successfully expanded known zones of high-grade mineralization, proximal to potential development.”
Sierra Metals Inc. is pleased to announce that the Company has entered into a binding agreement with Silverco Mining Corp. in respect of the proposed purchase by SMC of the mining concessions comprising the Cusi Mine located in Chihuahua State, Mexico and related assets including, among other things, land and land agreements, equipment and environmental permits.
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