Excalibur Resources Ltd. announces, further to its news release of April 16, 2012, that it has completed a non-brokered private placement of 8,060,535 Units at $0.145 per Unit for a total of $1,168,777. Each Unit consists of one common share and one-half share purchase warrant. Each whole warrant is exercisable to acquire an additional common share at $0.20 per share for a one year period.
Argonaut Exploration Inc. announces that it intends to complete a non-brokered private placement of up to 10,000,000 units at a price of $0.05 per Unit for gross proceeds of up to $500,000. Each Unit shall be composed of one common share in the capital of the Company and one flow-through Common Share purchase warrant. Each Warrant shall be exercisable into one Common Share issued on a tax “flow-through” basis at an exercise price of $0.10 per Flow-Through Share until December 31, 2012.
Vancouver, B.C. – Prospero Silver Corp. (TSXV: PSL) (“Prospero” or the “Company”) is pleased to announce that it intends to complete a non-brokered private placement of up to 7,000,000 units at a price of $0.10 per unit, for an aggregate gross proceeds of up to CDN $700,000. Each unit will consist of one common share and one half warrant, each whole warrant exercisable by the holder to acquire one additional common share at a price of $0.20 for a period of 18 months from of the date of closing.
McEwen Mining Inc. announces that at its Annual General Meeting in Toronto on May 17, 2012, Mr.Robert McEwen, Chairman, President and Chief Executive Officer, provided an overview of the company’s current development plans and outlook for the price of gold.
Oremex Silver Inc. announces that it has made an application to the TSX Venture Exchange to extend the expiry date of 2,347,326 outstanding common share purchase warrants of the Company from May 28, 2012 to May 28, 2013, with all other terms and conditions of the Warrants remaining the same. Each Warrant is exercisable to purchase one common share of the Company at a price of $0.16 per common share. The application is subject to the approval of the TSX-V.
Esperanza Resources Corp. is pleased to announce the addition to the Companys management team of Mr. Daniel OFlaherty as Executive Vice President, Corporate Development, Mr. Johannes J. Miller as Vice President, Operations and Ms. Kylie Dickson as Chief Financial Officer.
U.S. Antimony Corporation announced today that its shares will begin trading on the NYSE MKT on 21 May 2012, ticker symbol “UAMY”. Mr. John Lawrence, CEO, commented, “We are very pleased with this development as we expect a wider audience for our stock; tighter spreads between the bid and asked prices; and improved liquidity. Our Designated Market Maker, J. Streicher & Co., LLC, has unmatched experience in trading mining shares since 1911.”
Baja Mining Corp. today announced its financial results for the three months ended March 31, 2012 have been filed.
San Marco Resources Inc. has completed its non-brokered private placement announced March 30, 2012 by selling 2,754,001 units at $0.15 per unit for gross proceeds of $413,100.
Pan American Silver Corp. today reported strong operational and financial results for the first quarter of 2012. In addition, the Company provided an update on its operations and on its development projects, as well as a revised forecast for consolidated silver production and cash costs for 2012, which now includes production from the recently acquired Dolores mine for the period April 1, 2012 to December 31, 2012.
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