Osisko Development Corp. announces today that Luc Lessard, Chief Operating Officer will be retiring from the Company at the end of 2023 to pursue other personal and professional commitments, namely as President and Chief Executive Officer of Falco Resources Ltd.
Ranchero Gold Corp. is pleased to announce that its wholly-owned subsidiary Minera y Metalurgia Paika, S.A. de C.V. has entered into a letter of intent dated December 22, 2023 with Minas de Oro Nacional, S.A. de C.V., a wholly-owned subsidiary of Alamos Gold Inc. for the proposed sale of Paika’s interest in four mineral licenses comprising an area of 5,390 hectares, which represents approximately 24% of the surface area of the Company’s Santa Daniela mineral property located in Sonora, Mexico, in consideration for the cash payment of US$2,550,000 and a conditional cash payment of US$2,500,000.
Frederick Davidson, CEO and President of the company, says, “As the year ends I want to thank all of our investors and stakeholders for their support in this financing. We look forward to a strong and expanded exploration program in 2024 as we ramp up operations.”
Silver Viper Minerals Corp. is pleased to announce that it has closed the first tranche of its $2 million private placement announced on December 18, 2023, issuing 5,324,000 units of the Company at a price of $0.10 per Unit for aggregate gross proceeds of $532,400.
Despite these challenges, Mexico continues to have fundamental competitive advantages that make its mining industry attractive, including its vast mineral reserves, low operating costs, and an open business environment. These are keeping Mexico an attractive investment opportunity for foreign mining.
“We are thrilled to have Tom join our Board,” said Peter Barnes, Chair of the Board. “Tom brings with him over 30 years of industry knowledge and leadership and has extensive experience in all aspects and stages of the global mining business, specializing in exploration geology.”
Pursuant to an agreement entered into with Orford Resources Inc. on August 24, 2020, VVC acquired Orford’s share of the Kaity Property in Mexico. VVC is now the sole beneficial owner of the Property which is held in its Mexican subsidiary. The Property is the host of the Gloria Copper Project.
Net proceeds of the Private Placement will be used towards further advancing the optimization program at Campo Morado as well as for general working capital purposes.
The Company announces that further to its press release of December 8, 2023, it has now issued an aggregate of 1,343,891 common shares at a deemed price of $0.075 per share to settle aggregate debt of $100,792 outstanding as at October 31, 2023.
Orex Minerals Inc. is pleased to announce that it has closed the first tranche of its $1 million private placement announced on November 28, 2023 issuing 1,225,000 units of the Company at a price of $0.15 per Unit for aggregate gross proceeds of $183,750.
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