Month: March 2017

Odyssey Marine Exploration Reports Full Year 2016 Results

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http://www.euroinvestor.com/news/2017/03/10/odyssey-marine-exploration-reports-full-year-2016-results/13551181

TAMPA, Fla., March 10, 2017 (GLOBE NEWSWIRE) — Odyssey Marine Exploration, Inc. (NASDAQ:OMEX), a pioneer in the field of deep-ocean exploration, reports results for full year ended December 31, 2016.

2016 Highlights

  • Generated $4.7 million in revenue from operations, compared to $3.4 million in revenue from operations in 2015, a 38% increase.
  • Continued to actively manage costs, reducing operating expenses 43% from prior year
  • Decreased net loss 65% from $18.2 million in 2015 to $6.3 million in 2016, with the net loss per share decreased from $2.46 in 2015 to $.84 per share in 2016.
  • Launched CLIO Offshore, a division of Odyssey, which is focused on generating cash from the provision of services to the third-party clients including survey, remotely operated vehicle (ROV) and recovery services. This allows us to leverage our seasoned technical team and assets between major projects.
  • Completed the first contract for offshore services for our shipwreck business partner using Odyssey technology and marine personnel, resulting in revenue of $2.9 million.
  • Continued to support subsidiaries’ pursuit of environmental approval to begin recovery of phosphate sands from the Don Diego project and development of additional mineral projects.

Aura Minerals Announces Release Date For Fourth Quarter and Full Year 2016 Financial and Operation Results

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http://www.marketwired.com/press-release/aura-minerals-announces-release-date-for-fourth-quarter-full-year-2016-financial-operation-tsx-ora-2202230.htm

TORONTO, ON–(Marketwired – March 10, 2017) – Aura Minerals Inc. (TSX: ORA) announces that the Company will release its fourth quarter and full year 2016 financial and operational results after the close of business on Friday, March 24, 2017.

Colibri announces that its shares remain halted

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http://finance.yahoo.com/news/colibri-announces-shares-remain-halted-152100186.html

DIEPPE, NB , March 10, 2017 /CNW/ – (CBI:TSX-V) Colibri Resource Corporation (Colibri or the Company) announces that further to the TSX Venture Exchange (TSXV) Bulletin dated December 16, 2016 , trading in the shares of the Company remain halted pending receipt and review of acceptable documentation regarding the Fundamental Acquisition of Canadian Gold Resources pursuant to Listing Policy 5.6 (d) of Exchange Policy 5.3

The regulatory halt is imposed by Investment Industry Regulatory Organization of Canada , the Market Regulator of the Exchange, pursuant to the provisions of Section 10.9 (1) of the Universal Market Integrity Rules.

New Gold Closes US$173 Million Bought Deal Financing

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Click to access article_03102017082227.pdf

March 10, 2017 – New Gold Inc. (“New Gold”) (TSX:NGD) (NYSE MKT:NGD) is pleased to announce that it has closed its previously announced bought deal financing of 61,640,000 common shares, including the exercise in full by the underwriters of the over-allotment option, at a price of US$2.80 per share (the “Offering”) for aggregate gross proceeds to New Gold of approximately US$173 million. New Gold intends to use the net proceeds from the Offering to finance the completion of the construction of the Rainy River gold project in Ontario, Canada. The Offering was made through a syndicate of underwriters led by RBC Capital Markets and Scotiabank and including CIBC Capital Markets, J.P. Morgan, TD Securities Inc., BMO Capital Markets, Merrill Lynch Canada Inc., Desjardins Securities Inc., National Bank Financial Inc., Paradigm Capital Inc., Credit Suisse Securities (Canada) Inc., Eight Capital and GMP Securities L.P.

Santacruz Silver Mining Completes Hochschild Amendment Agreement

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https://www.juniorminingnetwork.com/junior-miner-news/press-releases/569-tsx-venture/scz/30172-santacruz-silver-mining-completes-hochschild-amendment-agreement.html

VANCOUVER, March 9, 2017 /CNW/ – Santacruz Silver Mining Ltd. (TSX.V:SCZ) (“Santacruz” or the “Company”) announces that, in accordance with the terms of the amended agreement between the Company’s subsidiary, Impulsora Minera Santacruz S.A. de C.V. and Minera Hochschild Mexico, S.A. de C.V. (see news release dated February 28, 2017),  the Company has issued 13,415,000 common shares of the Company in consideration for the restructuring of the payment terms thereunder.  The shares are subject to a hold period and may not be traded until July 10, 2017 except as permitted by applicable securities legislation and the rules and policies of the TSX Venture Exchange.

New Zones of Mineralisation Identified and Resource Drilling Update

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Click to access 20170309-Resource-drilling-Update-and-Additional-Areas-Identified-FINAL.pdf

Consolidated Zinc Limited (CZL:ASX; “Consolidated Zinc” or “the company”) is pleased to present the following update outlining additional high grade zinc mineralisation identified in underground mapping and detailing drilling progress and assay results received at the Plomosas Project resource definition drilling program.

Timmins Gold Announces 2016 Results; Produces 100,480 Ounces of Gold at All-In Sustaining Costs of $853 per Ounce

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https://www.juniorminingnetwork.com/junior-miner-news/press-releases/896-tsx/tmm/30147-timmins-gold-announces-2016-results-produces-100-480-ounces-of-gold-at-all-in-sustaining-costs-of-853-per-ounce.html

VANCOUVER, BRITISH COLUMBIA–(Marketwired – March 9, 2017) – Timmins Gold Corp. (TSX:TMM)(NYSE MKT:TGD) (“Timmins Gold” or the “Company”) reports its financial results for the fourth quarter (“Q4”) and year ended December 31, 2016 (“fiscal 2016”). Production results were previously released on January 11, 2017. All results are presented in United States dollars (“US Dollars”) unless otherwise stated. Readers should refer to the fiscal 2016 management discussion and analysis and audited consolidated financial statements available on the Company’s website or http://www.sedar.com for complete information.

Galore Resources Announces Appointment of New Director

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https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2075-tsx-venture/gri/30137-galore-resources-announces-appointment-of-new-director.html

Vancouver, BC / TheNewswire / March 8, 2017 – Galore Resources Inc. (TSX-V: GRI) (the “Company”) is very pleased to announce the appointment of Kenneth Coe of Vancouver, B.C. to its board of directors.

Mr. Coe brings a vast wealth of financial market experience to Galore as a former licensed security trader with Yorkton Securities Inc. for over 30 years. He also helped start a Canadian/U.S. cross border trading business in 1989 and became Partner in a U.S. wholesale trading operation, which was eventually owned by Macquarie Private Wealth. He is a past director and President of the Vancouver Security Traders Association

Galore and its management are excited to have Mr. Coe join its team to assist Galore in focusing on the continuing exploration and development of its properties in Mexico, including its primary focus, the 100% owned 49,400 acre Dos Santos project, which is located 22 miles southeast of Goldcorp’s Penasquito gold-silver, base-metal project.

Leagold Announces Closing of C$175M Subscription Receipt Offering

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https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2068-tsx-venture/lmc/30126-leagold-announces-closing-of-c-175m-subscription-receipt-offering.html

VANCOUVER, March 8, 2017 /CNW/ – Leagold Mining Corporation (TSX-V: LMC) (“Leagold” or the “Company”) is pleased to announce today that it has completed its previously announced offering of 63,640,000 subscription receipts (the “Subscription Receipt Offering”) at an issue price of C$2.75 per subscription receipt for aggregate gross proceeds of C$175,010,000.  The net proceeds of the Subscription Receipt Offering will be used to fund a portion of the purchase price to acquire the Los Filos gold mine from Goldcorp Inc., as previously announced, and will be held in escrow pending completion of the acquisition.  Leagold is continuing to progress the other elements of its financing plan to fund the Los Filos acquisition, namely the US$150 million five-year term loan and US$50 million equity private placement which is intended to be undertaken at an issue price of C$2.75 per common share, as previously announced.

Source Exploration Announces Grant of Options

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http://finance.yahoo.com/news/source-exploration-announces-grant-options-120000583.html

THUNDER BAY, ONTARIO–(Marketwired – Mar 7, 2017) – Source Exploration Corp. (“Source” or the “Company“) (TSX VENTURE:SOP) is pleased to announce that it has granted a total of 1,450,000 incentive stock options to certain officers, directors and consultants of the Corporation pursuant to the Company’s Stock Option Plan. The options are exercisable at a price of $0.30 for a period of ten years. The options vest as to one-third after twelve, eighteen and twenty-four months respectively from the effective date of the grant. The grant of options is subject to acceptance for filing by the Exchange.