Category: Investor’s Corner

Santa Fe Gold Corporation today announced that it is offering up to 12,500,000 units for sale to existing stockholders, with each unit consisting of one share of common stock and a warrant to purchase an additional share of common stock. Each unit will be offered for sale at a price of $0.40. Each warrant has an exercise price of $0.60 per share of common stock, and is exercisable for a period of three years commencing immediately. The shares of common stock and the warrants will be issued separately but will be purchased together in the offering.

Baja Mining Corp’s largest shareholder, Mount Kellett Capital Management LP, said it will not provide debt or equity financing for the Canadian miner’s Boleo copper-cobalt-zinc project in Mexico.

Gryphon Gold Corporation, a gold exploration, development and production company focused on its Borealis Oxide Heap Leach Project in Nevada regretfully announced today the death of Donald W. Gentry, a member of its Board of Directors, on Monday, July 2, 2012. Dr. Gentry, 69, had served as a director of the Company since 2005.

Prospero Silver Corp. announced today that it has granted stock options to purchase 1,025,000 common shares in the capital of the Company to various directors, officers and employees of the Company. The stock options are exercisable at a price of $0.10 per share for a period of five years from the date of issuance in accordance with the policies of the TSX Venture Exchange (the “Options”). Stock options granted to employees will be subject to a vesting schedule with 1/3 to vest immediately, 1/3 to vest six months from the date of grant and the remaining 1/3 to vest one year from the date of grant.

Eric Fier at SilverCrest Mine¡¯s La Joya project (transcribed from video): SilverCrest is an operating company now, in Mexico. As we grow Santa Elena and the expansion plan, the next part of the growth pattern is La Joya.

Cangold Limited announces that, further to the News Release dated June 20, 2012, to meet TSX-V Policy requirements, the market price which triggers the accelerated exercise provision has been reduced from $0.30 to $0.26, so that, in the case of all warrants being re-priced, the exercise period will be reduced to 30 calendar days if, for any 10 consecutive trading days during the unexpired term of the warrants, the closing price of the common shares of the Company is at least $0.26. The reduced exercise period of 30 days will begin 7 calendar days after the 10th Premium Trading Day.

Avino Silver & Gold Mines Ltd. as reported on May 11, 2012, the Company’s public disclosures on mineral resource estimates regarding the Company’s Avino property in Durango, Mexico, have been under review by the British Columbia Securities Commission. This review resulted in the Company issuing a news release on May 11, 2012 to clarify and retract certain disclosures it has made.

Aura Silver Resources Inc. announces that it has closed the first tranche of its non-brokered private placement issuing 2,000,000 units for proceeds of $100,000. Each unit consists of one common share and one common share purchase warrant (the “Units”). Each Unit was offered at a price of $0.05 per Unit. Each Unit contains a whole warrant exercisable for a period of two years from the closing of the offering at $0.10 per common share.

First Majestic Silver Corp. and Silvermex Resources Inc. are pleased to announce the completion of the plan of arrangement previously announced in the joint news release of First Majestic and Silvermex dated April 3, 2012.

Iron-ore miner London Mining PLC said Monday it appointed James North as chief operating officer, replacing Luciano Ramos, who is retiring to concentrate on family and personal interests.