IMPACT Silver Corp. (“IMPACT” or the “Company”) announced today its financial results for the nine months ended September 30, 2015.
In the third quarter with rising grades and tonnage processed, the Company succeeded in generating a profit before taxes of $33,460 with EBITDA1 of $645,704, a substantial achievement in light of the current market conditions for its principal products.
NEW YORK, NY / ACCESSWIRE / November 24, 2015 / US Precious Metals Inc., (OTCQB: USPR) (the Company) an exploration stage company engaged in the acquisition, exploration and development of mineral properties in the State of Michoacán, Mexico announces the Company has entered into an “Investment Banking” agreement with J. Streicher Capital, LLC, a FINRA registered broker dealer, located in New York City, New York. It also entered into an “Advisory Agreement” with J. Streicher Advisory, LLC, a corporate finance entity.
http://www.canadianminingjournal.com/press-releases/story/?id=1003728839
VANCOUVER, BRITISH COLUMBIA–(Marketwired – Nov. 24, 2015) –Starcore International Mines Ltd. (TSX:SAM) (the “Company” or “Starcore”) announces that the Board of Directors has approved a resolution consolidating the Company’s share capital on the basis of every four shares of the Company being consolidated to one share.
Currently, the Company’s authorized share capital is an unlimited number of common shares without par value, of which 180,614,397 shares are issued and outstanding, with a further 27,914,945 shares reserved for issuance upon the exercise of existing stock options and warrants and the conversion of outstanding subscription receipts.
The Board of Directors believes that the share consolidation will provide the Company with greater flexibility in developing its plans for its recently acquired projects and for the expansion of its exploration program at the San Martin Mine in Queretaro, Mexico.
The proposed share consolidation is subject to acceptance by the Toronto Stock Exchange. The Company does not intend to undergo a name change in conjunction with the proposed consolidation.
VANCOUVER, Nov. 24, 2015 /CNW/ – Santacruz Silver Mining Ltd. (“Santacruz” or the “Company”) (TSX.V:SCZ) announces that the Company has agreed in principle to terms whereby it will receive US$9.5 million under a senior secured loan facility (the “Loan Facility”) with a lender syndicate (the “CrediPresto Syndicate”) headed by CrediPresto Group (“CrediPresto”) and including two other institutions.
Proceeds from the Loan Facility will be used to restructure the obligations owing by the Company to JMETLLC (“JMET”) under the Pre-Paid Forward Silver Purchase Agreement (the “Pre-Paid Agreement”) between Santacruz and its affiliates and JMET. The proposed terms of the Loan Facility will provide for a deferral of principal repayments which should allow the Company to solidify its balance sheet during current market conditions and should return the Company to a positive working capital position.
http://www.dof.gob.mx/nota_detalle.php?codigo=5416717&fecha=24/11/2015
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TÍTULO
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AGENCIA
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EXPEDIENTE
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NOMBRE
DEL LOTE |
SUPERFICIE
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MUNICIPIO
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ESTADO
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COORDENADA
X |
COORDENADA
Y |
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233560
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CHILPANCINGO,GRO.
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5/002-00074
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REDUCCIÓNNORTE DECORAZÓNDETINIEBLAS
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3394.0000
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MALINALTEPEC
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GUERRERO
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507717.044
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1890214.584
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237861
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CHILPANCINGO,GRO.
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10263
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CORAZÓNDETINIEBLAS
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37531.6344
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ZAPOTITLÁNTABLAS
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GUERRERO
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507725.387
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1890216.608
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Canada and London-listed Bacanora Minerals (TSX-V:BCN) (LON:BCN) saw it shares gain almost 4.7% on Monday morning in Toronto as the company reported indicated mineral resource estimate for its Sonora lithium project in Mexico were higher than originally estimated.
http://www.baystreet.ca/articles/news-article.aspx
COLORADO SPRINGS, CO–(Marketwired – Nov 24, 2015) – Gold Resource Corporation (NYSE MKT: GORO) (the “Company”) declares its monthly instituted dividend of $0.01 per common share for November 2015 payable on December 23, 2015 to shareholders of record as of December 11, 2015. Gold Resource Corporation is a gold and silver producer with operations in Oaxaca, Mexico and exploration in Nevada, USA.
TORONTO, ONTARIO–(Marketwired – Nov. 24, 2015) – Argonaut Gold Inc. (TSX:AR) (the “Company”, “Argonaut Gold” or “Argonaut”) announces the retirement of Brian Kennedy from the Board and as a Chairman of the Company effective December 31, 2015 for personal reasons.
Mr. Kennedy has been Chairman of the Board of Argonaut since the Company went public in December 2009. Prior to that Mr. Kennedy was Chairman of Meridian Gold Inc.
Mr. Jim Kofman will assume the role of Chairman effective December 31, 2015. Mr. Kofman has been a director of the Company since January 2010.
Mr. Pete Dougherty, President and Chief Executive Officer noted, “I have been privileged to work with Brian in many ventures and thank him for his leadership of the Argonaut team. On behalf of all of us I wish he and Nancy a long and happy retirement.”
Click to access article_11242015071529.pdf
Vancouver, BC – Orex Minerals Inc. – (TSX-V: REX) (“Orex”), has awarded an initial 2,000 metres diamond drilling contract to Kluane Mexico S.A. de C.V., a subsidiary of Kluane Drilling Ltd. for the Sandra Escobar Silver Project in northern Durango State, Mexico. Sandra Escobar Project is being advanced by Orex under an option agreement with Canasil Resources Inc. – (TSX.V: CLZ) (“Canasil”), as announced on September 15, 2015.
http://www.baystreet.ca/articles/news-article.aspx
VANCOUVER, BRITISH COLUMBIA / TheNewswire / November 23, 2015 – Telson Resources Inc. (TSX Venture – TSN) (“Telson” or the “Company“) is pleased to announce results of its annual general meeting held on November 20, 2015 (the “Meeting“).
All matters tabled for consideration, as outlined on the Company’s Notice of Annual General Meeting, were unanimously approved at the Meeting. A brief list of the most important items of business conducted at the Meeting are as follows:
Election of Directors
Shareholders appointed five Directors for the upcoming year comprised of incumbent Directors, Ralph Shearing, P.Geol and Yao Sun plus newly appointed Directors Jose Antonio Berlanga Balderas, Enrique Margalef Vergara and Arturo Bonillas.