Primero Mining Corp. is pleased to announce the early repayment of 50% or $30 million of the $60 million convertible note, held by a subsidiary of Goldcorp Inc. due on August 6, 2012.
VANCOUVER, BRITISH COLUMBIA–(Marketwire – Oct. 19, 2011) – SilverCrest Mines Inc. (TSX VENTURE:SVL)(OTCQX:STVZF) (the “Company”) is pleased to announce the appointment of Michael Rapsch as Manager of Corporate communications. Mr. Rapsch will be based out of the Vancouver head office, and will report to J. Scott Drever, President of SilverCrest.
VANCOUVER, Oct. 19, 2011 /CNW/ – Revolution Resources Corp. TSX:RV (“Revolution” or the “Company”) is pleased to announce it has increased and closed the non-brokered private placement announced October 3rd, 2011. The Company increased the financing from $4 million to $4.5 million, and issued 9 million units at a price of $0.50.
Baja Mining Corp. today announced that its 70%-owned Mexican subsidiary, Minera y Metalurgica del Boleo S.A de C.V., drew down the first advance of funds of US$123.5 million under its US$ 759 million senior debt facilities on October 18, 2011. Senior and subordinated debt facilities total US$ 823 million.
Guerrero Exploration Inc. announces that it has issued 290,000 options on October 7, 2011 to a consultant at an exercise price of $0.16 per share for a term of 5 years. These options vest immediately. The last closing price on the TSX-V prior to October 7, 2011 was $0.16.
Toronto, October 18, 2011 – Scorpio Mining Corporation (TSX:SPM) (“Scorpio Mining” or the “Corporation”) reports that production in the third quarter ended September 30, 2011 (“Q3 2011”) from the Nuestra Señora operation totalled 604,975 silver equivalent ounces*, representing a 13% increase over Q3 2010.
Primero Mining Corp. announced today that it has filed a formal application to the Mexican tax authorities for an advance ruling on the Company’s restructuring plan that, if successful, would result in paying income taxes in Mexico based on realized rather than spot revenue. When completed, the advance tax ruling process will provide certainty and resolution to the Company’s restructuring plan. It will also ensure the Company will avoid tax penalties that could arise should the Mexican tax authorities disagree with the restructuring plan.
Alamos Gold Inc. is pleased to announce that Mr. Han Ilhan will join the Company as Vice President of Projects effective October 17, 2011. Mr. Ilhan has extensive experience providing engineering and environmental solutions to mining projects worldwide. As Vice President of Projects, Han will be based in Ankara, Turkey and will oversee development of the Companys Turkish projects, as well as future development projects.
Grupo Mexico ordered to pay for its role in Minerva deal
VANNew Gold Inc. and Silver Quest Resources Ltd. today jointly announce a binding letter agreement whereby New Gold will acquire, through a plan of arrangement, all of the outstanding common shares of Silver Quest. Under the terms of the Arrangement, Silver Quest shareholders will receive 0.09 of a New Gold share for each Silver Quest share held and one common share in a new Yukon-focused precious metals exploration company, McIntyre Minerals Inc. for every three Silver Quest shares held. The offer values Silver Quest at $1.32 per share, representing a 52% premium based on the combination of:
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