All amounts are in United States dollars, unless otherwise stated.
Alamos Gold Inc.(TSX:AGI) (NYSE:AGI) (“Alamos” or the “Company”) today announced that the Company’s Board of Directors has declared a semi-annual dividend of US$0.01 per common share. This represents the Company’s 16th consecutive semi-annual dividend and once again demonstrates its commitment to returning value to shareholders.
The dividend is payable on October 31, 2017 to shareholders of record as of the close of business on October 16, 2017. This dividend qualifies as an “eligible dividend” for Canadian income tax purposes.
VANCOUVER, BRITISH COLUMBIA–(Marketwired – Sept. 29, 2017) –
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES OF AMERICA
San Marco Resources Inc. (TSX VENTURE:SMN) (“San Marco” or “the Company”) announces it is arranging a private placement to raise gross proceeds of up to C$ 1,260,000 through the sale of up to 7,000,000 Units in the Company (“the Units”) at a price of $0.18 per Unit (the “Offering”). There is no minimum number of Units being offered.
Each Unit shall consist of one common share of the Company (a “Share”) and one-half of one common share purchase warrant. Each whole warrant (a “Warrant”) shall entitle the holder to purchase one common share at an exercise price of C$0.35 for 18 months following the Closing Date.
The placement will be sold to qualified investors, including shareholders of record on September 27, 2017 resident in Canada. Such shareholders of record are eligible to purchase up to $15,000 worth of Units or more than $15,000 worth based on suitability advice from a registered investment dealer, If, after deducting subscriptions from qualified investors, the subscriptions from existing shareholders exceed the remaining Units available, such remaining Units will be sold to the existing shareholders in proportion to the number of Units subscribed for by them. All the securities issued pursuant to this private placement will be subject to a four month hold period. Completion of the Offering is subject to receipt of all required regulatory and other approvals, including acceptance by the TSX Venture Exchange.
VANCOUVER, British Columbia, Sept. 29, 2017 (GLOBE NEWSWIRE) — MX Gold Corp. (TSX-V:MXL) (FSE:0DV) (OTCQX:MXLGF) (the “Company” or “MX Gold”) is pleased to announce that the Company has closed a non-brokered private placement. The Private Placement is subject to TSX Venture Exchange approval.
The Company completed the sale of 40 Million units (“Unit”) at a purchase price of C$0.10 per unit for gross proceeds of C$4 Million. Each Unit is comprised of one common share in the capital of the Issuer (each, a “Share”) and one transferable common share purchase warrant (each, a “Warrant”). Each Warrant will entitle the holder thereof to acquire one Share (each, a “Warrant Share”) at a price of $0.20 per Warrant Share until 5:00 p.m. (Vancouver time) on the date of expiration of the Warrant, which is five (5) years following the Closing Date.
Vancouver, British Columbia–(Newsfile Corp. – September 29, 2017) – Defiance Silver Corp. (TSXV: DEF) (OTC: DNCVF) (“Defiance”) is pleased to announce that, further to its news release of September 25, 2017, it has closed on the final tranche of its private placement of 890,000 Units at a price of $0.30 per Unit for gross proceeds of $267,000. These Units are subject to a four month hold period expiring January 30, 2018. In total, Defiance raised $1,725,000 under its private placement.
The proceeds of the private placement will be used by Defiance to commence a drill program at the San Acacio Silver Deposit located in Zacatecas, Mexico as well as for working capital purposes.
TORONTO, Sept. 28, 2017 /PRNewswire/ – Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) (“Sierra Metals” or “the Company”) is pleased to announce the signing of a Memorandum of Understanding (“MOU”) with Jinchuan Group Co Ltd (“Jinchuan”). The MOU, executed September 26, 2017, formalizes the intentions of the parties in respect of their cooperation focused on the Jinchuan’s Bahuerachi copper mining project’s development in Chihuahua, Mexico.
Jinchuan acquired the Bahuerachi copper porphyry deposit in connection with its acquisition of Tyler Resources Inc. in 2008 and has conducted multiple geologic and engineering studies with an aim to developing a large scale open pit copper mine. The Bahuerachi project concessions are adjacent to Sierra Metals’ Bolivar copper mine concessions. The Bolivar mine started commercial production in 2012 and has successfully expanded its copper production levels over the past five years and more recently conducted a more aggressive exploration program with the objective to increase its resource tonnage and copper ore grades.
The MOU has the objective of accelerating the cooperation between Jinchuan and Sierra Metals at the Bahuerachi mining concessions in a manner that is value enhancing and mutually beneficial to both companies and capitalizes on Sierra Metals’ success in operating in Latin America and particularly in the Bahuerachi region. The MOU is a non-binding agreement that both parties will negotiate in good faith to evolve into a specific comprehensive cooperation agreement to govern their relationship.
Mexican Gold Corp. (“Mexican Gold” or the “Company”) (TSX-V: MEX / OTCMKTS: SRXLF / FRA: 4QW1 announced today the commencement of the Phase 2 diamond drilling program at its Las Minas property, Veracruz State, Mexico. The drill program will focus on expanding the resource at the El Dorado/Juan Bran zone and testing new targets identified by geophysical surveys and earlier exploration drilling at the Cinco Senores and Las Minillas zones.
Recently completed ground magnetic and Time Domain Electromagnetic (TDEM) geophysical surveys have outlined numerous anomalies and conductors at all three zones. The results of the surveys will be used to guide hole locations for the drilling program to maximize drilling efficiency.
Kootenay Silver Inc. (TSXV: KTN) (the “Company” or “Kootenay”) is pleased to announce that the latest drill hole on the Las Venadas Zone has been completed and the Company has mobilized the drill rig to the La Navidad Zone, at its 100% owned La Cigarra silver project located in the Parral District of Chihuahua State Mexico.
Kootenay Silver President & CEO Jim McDonald states, “Drilling at Las Venadas was successful in identifying what we believe is a very significant new silver zone with potential to add to the La Cigarra silver resource count (see news releases August 30th, 2017 and August 15th, 2017). Obviously we are looking forward to the follow up drill program on the new discovery once the current program is complete. Meanwhile we are excited to get the first ever drill holes into the La Navidad Zone, which offers considerable exploration upside given it’s similarities to the San Gregorio part of the deposit just 500 meters to the west.”
The La Navidad Zone is situated approximately 500 meters to the east and parallel to the San Gregorio Zone, which currently contains approximately 60% of La Cigarra’s NI 43-101 Mineral Resource Estimate of 51.47 million ounces of silver in the Measured & Indicated categories (18,540,000 tonnes) grading 86.3 gpt silver and 11.46 million ounces of silver in the Inferred category (4,450,000 tonnes) grading 80 gpt silver (see Northair News Release dated January 14, 2015 or SEDAR for information on the NI 43-101 technical report).
VANCOUVER, BRITISH COLUMBIA–(Marketwired – Sept. 28, 2017) – Levon Resources Ltd. (“Levon” or “the Company”) (TSX:LVN)(OTCQX:LVNVF) is pleased to announce that the nominees listed in the management information circular dated August 23, 2017 were elected as directors of the Company at the annual general meeting of shareholders of the Company (the “Meeting”) held on September 28, 2017. At the Meeting, the shareholders also approved setting the number of directors at six, the appointment of the Company’s auditors, and the re-approval of the Company’s rolling stock option plan.
VANCOUVER, Sept. 27, 2017 /CNW/ – Silver Viper Minerals Corp. (the “Company“) (TSX-V: VIPR) is pleased to announce that it has successfully completed its initial public offering (the “IPO“) of 12,262,500 common shares of the Company at a price of $0.25 per share for gross proceeds of $3,065,625 (the “Proceeds“), and has received approval of its application to list its common shares on the TSX Venture Exchange (“TSX-V“). The Company anticipates that its common shares will commence trading on the TSX-V on or about September 29, 2017 under the trading symbol “VIPR”.
The net proceeds of the IPO will be used to fund mineral exploration work on the Company’s Clemente Property, and for working capital purposes. Haywood Securities Inc. acted as agent in respect of the IPO.