Impact Silver Corp. is pleased to provide a summary of its 2011 exploration program at the Royal Mines of Zacualpan Silver District and the adjacent Mamatla Mineral District in Mexico. IMPACT has over five years of consistently profitable operations, with 2011 being a record breaking year for revenues and earnings.
Excellon Resources Inc. (“Excellon” or “the Company”) is pleased to report fourth quarter and year end production updates for 2011 and that it has exceeded both fourth quarter and annual silver production targets for 2011 by approximately 40% and 4.5% respectively. The Company also reports that at year-end, it held approximately US$22 million in cash.
Pan American Silver Corp. is poised to boost production in mineral-rich Mexico through the proposed $1.5-billion acquisition of Minefinders Corp., a fellow Vancouver-based company with an aggressive growth strategy.
Bearing Resources Ltd. is pleased to announce the Company has closed the $180,000 private placement announced on December 19, 2011. The non-brokered private placement consisted of 428,572 units. Each Unit is comprised of one common share of the Company and one half of a common share purchase warrant. The Units were offered at a price of $0.42 per Unit. Each whole Warrant will be exercisable for one common share of the Company until January 18, 2013 at an exercise price of $0.60. The securities bear a four month and one day hold period.
TORONTO, ONTARIO, Jan 20, 2012 (MARKETWIRE via COMTEX) — US Gold Corporation (“US Gold”) and Minera Andes Inc. (“Minera Andes”) are pleased to announce that at each of their respective meetings on January 19, 2012, shareholders voted in favour of the proposed business combination between US Gold and Minera Andes, pursuant to which US Gold will acquire Minera Andes and be renamed McEwen Mining Inc. (“McEwen Mining”).
Excalibur Resources Ltd. is pleased to announce that it has completed a non-brokered private placement of 4,833,331 common shares at $0.30 per share for a total of $1,450,000. Proceeds will be applied to the Company’s Catanava gold production project in Mexico, for potential acquisitions and to working capital.
COEUR D’ALENE, Idaho, Jan 19, 2012 (BUSINESS WIRE) — Coeur d’Alene Mines Corporation today announced the appointment of Randy Buffington to the position of Senior Vice President of Operations. In this role, Mr. Buffington will oversee the Company’s silver and gold mining operations worldwide.
Vancouver, B.C. — January 19, 2012: San Marco Resources Inc. (SMN: TSX-V) has completed its non-brokered unit private placement announced December 16, 2011. The private placement was oversubscribed and a total of 5,176,250 units at $0.10 per unit were issued in two tranches for gross proceeds of $517,625. The shares, including any shares issued on exercise of the warrants and as finder’s fees, are subject to transfer restrictions until April 24, 2012 (first tranche of 1,226,250 Units) and May 20, 2012 (second tranche of 3,950,000 Units).
Further to the Company’s news releases dated November 28, 2011 and January 6, 2012 announcing a private placement of 2,866,666 units, the Company is pleased to announce it has received TSX Venture Exchange approval for and closed the private placement of 2,866,666 units, at a price of $0.12 per unit each with half a warrant at $0.15 excisable for two years, to raise proceeds of $344,000.
VANCOUVER, BRITISH COLUMBIA, Jan 18, 2012 (MARKETWIRE via COMTEX) — Baja Mining (otcqx:BAJFF) today announced that its 70 per cent-owned Mexican subsidiary, Minera y Metalurgica del Boleo S.A de C.V. (MMB) drew a further US$ 100 million on January 17, 2012, the third draw on its senior debt facilities to date.
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