Month: May 2017

Westminster Closes $978,000 1st Tranche of Financing

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http://www.stockhouse.com/news/press-releases/2017/05/25/westminster-closes-978-000-1st-tranche-of-financing

Vancouver, British Columbia–(Newsfile Corp. – May 25, 2017) – Westminster Resources Ltd. (TSXV: WMR) (OTC Pink: WMRSF) (FSE: 08W1) announces that it has closed the first tranche of a private placement, raising gross proceeds of $978,000. The Company issued 8,150,000 units at a price of $0.12 per unit and expects to soon close a second final tranche of up to an additional $462,000.

The unit financing was announced on May 3, 2017 and consists of one common share and one share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share of the Company at an exercise price of $0.16 per share for a period of 5 years from closing, subject to TSX Venture Exchange approval.

 

Arina Silver – Placing to raise £600,000

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Click to access nr-2017-05-25-placing.pdf

Arian Silver Corporation (“Arian Silver” or the “Company”) is pleased to announce that it has raised £600,000, before expenses, through the placing of 120 million units (“Units”) of 0.5p each (“the Placing”) through its broker Beaufort Securities Limited (“Beaufort”). Each Unit comprises one new common share (“Placing Share”) and one new share warrant (“Warrant”), which entitles the holder to subscribe for one Share at 0.6p. 12 million Warrants will be issued to Beaufort, each at an exercise price of 0.6p. The expiry date of each Warrant will be two years from the date of admission of the Placing Shares to trading on AIM

Prospero Announces Stock Option Grant

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http://www.prosperosilver.com/s/NewsReleases.asp?ReportID=791009&_Type=News-Releases&_Title=Prospero-Announces-Stock-Option-Grant

May 25, 2017 — Vancouver, B.C. – Prospero Silver Corp (PSL.V; the “Company” or “Prospero”) announces that it has granted stock options for a total of 2,520,000 common shares of the Company to officers, directors, employees and consultants of the Company. These stock options are exercisable at CDN $0.26 per stock option and will expire on May 24, 2022. These stock options vest over a period of twenty-four months following the grant date and are governed by the terms and conditions of the Company’s stock option plan.

Following this grant of stock options, the Company has a total of 3,365,000 stock options outstanding representing approximately 9.3% of the outstanding common shares of the Company. This stock option grant is subject to TSX Venture Exchange approval.

Coeur Mining, Inc. Announces Expiration of Tender Offer for its Outstanding 7.875% Senior Notes Due 2021

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http://investors.coeur.com/Cache/1500100134.PDF?Y=&O=PDF&D=&FID=1500100134&T=&IID=4349317

Chicago, Illinois – May 25, 2017 – Coeur Mining, Inc. (NYSE: CDE) (the “Company”) announced today that its previously announced cash tender offer (the “Tender Offer”) to purchase any and all of its 7.875% senior notes due 2021 (the “2021 Notes”) expired at 5:00 p.m., New York City time, on May 25, 2017 (the “Expiration Time”). As of the Expiration Time, $117,946,000 aggregate principal amount of the 2021 Notes (or 66.26% of the total aggregate principal amount of the 2021 Notes outstanding) were validly tendered, which excludes $282,000 aggregate principal amount of the 2021 Notes (or 0.16% of the total aggregate principal amount of the 2021 Notes outstanding) that remain subject to the guaranteed delivery procedures set forth in the Company’s Offer to Purchase, dated May 19, 2017 (the “Offer to Purchase”). The Company expects to accept for payment all such 2021 Notes validly tendered and not validly withdrawn in the Tender Offer and expects to make payment for the 2021 Notes on May 31, 2017, subject to the closing of the Company’s previously announced debt financing transaction and the satisfaction or waiver by the Company of the other conditions listed in the Offer to Purchase. Following the consummation of the Tender Offer, the Company intends to redeem any 2021 Notes not validly tendered and purchased in the Tender Offer, at a redemption price equal to 103.938% of the principal amount redeemed, plus any accrued and unpaid interest to the redemption date.

First Majestic Announces Voting Results from Annual General Meeting

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https://www.firstmajestic.com/news/index.php?content_id=326

VANCOUVER, British Columbia, May 26, 2017 (GLOBE NEWSWIRE) — First Majestic Silver Corp. (NYSE:AG) (TSX:FR) (“First Majestic” or the “Company”) is pleased to announce the voting results for the election of its Board of Directors at its annual general meeting held on May 25, 2017.

A total of 81,472,101 shares were represented at the meeting, being 49.36% of the Company’s issued and outstanding common shares. Shareholders voted in favour of all matters brought before the meeting and the election of directors was approved by a majority vote of shareholders present in person or represented by proxy as follows:

AVINO REPORTS VOTING RESULTS OF ANNUAL GENERAL AND SPECIAL MEETING

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Click to access 2017-05-25_NR.pdf

Avino Silver & Gold Mines Ltd. (ASM: TSX.V, ASM: NYSE – MKT, GV6: FSE, “Avino” or “the Company”) is pleased to report voting results in accordance with Section 11.3 of NI 51-102 Continuous Disclosure Obligations. This report briefly describes the matters voted upon and the outcome of the votes at the Annual General and Special Meeting of Shareholders of the Company held on May 25, 2017:

Hecla Declares Preferred Dividend

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http://ir.hecla-mining.com/file/Index?KeyFile=2000748495

COEUR D’ALENE, Idaho–(BUSINESS WIRE)– Hecla Mining Company (NYSE:HL) today announced its Board of Directors has declared the regular quarterly dividend of $0.875 per share on the 157,816 shares of outstanding Series B Cumulative Convertible Preferred Stock. This represents a total amount to be paid of approximately $138,000. The cash dividend is payable July 3, 2017, to shareholders of record on June 15, 2017.

Torex Gold Reports A Fatal Accident

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https://www.torexgold.com/news/torex-gold-reports-a-fatal-accident

TORONTO, Ontario, May 25,, 2016 – Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX:TXG) regretfully announces that on the afternoon of May 23rd, a fatal accident occurred at the construction site for a sediment control structure associated with the El Limon Sur pit. Mr. Jorge Joel Roman Mendoza, an employee of the construction contractor Construccion de Caminos y Proyectos Interestatales, S.A. de C.V., was fatally injured while trucking rock down to the dam construction site. His loaded truck climbed the berm and then rolled over, coming to rest approximately 20 meters below on the next switchback. The appropriate authorities were immediately notified and have inspected and released the site. An internal investigation is underway to determine the cause of the accident.

GOLD RESOURCE CORPORATION DECLARES MAY MONTHLY DIVIDEND

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Click to access GRC-2017-05-25-1.pdf

COLORADO SPRINGS – May 25, 2017 – Gold Resource Corporation (NYSE MKT: GORO) (the “Company”) declares its monthly instituted dividend of 1/6 of a cent per common share for May 2017 payable on June 23, 2017 to shareholders of record as of June 12, 2017. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA.

LITHIUM EXTRACTIONS UP TO 99% FROM AGUA FRIA, MEXICO

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http://www.alixresources.com/index.php?page=news&id=1235

May 24th, 2017, Vancouver, BC, Canada – ALIX RESOURCES CORP. (“Alix” or the “Company”) (AIX-TSX:V) (37N–FRANKFURT) announces results of successful metallurgical work on Agua Fria lithium bearing clays.

HIGHLIGHTS

  • Acid leach at 50C achieves 99% lithium extraction
  • Short leach time – only 4 hours
  • No roasting required
  • No expensive reagents required.