Canasil Shareholders Approve Proposed Spin-off of B.C. Properties to Canmine Minerals Inc. At Special Meeting of Shareholders held on December 12, 2017

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Vancouver, December 14, 2017 – Canasil Resources Inc. (TSX-V: CLZ, DB Frankfurt: 3CC, “Canasil” or the “Company”) announces that the Company’s shareholders have approved the Plan of Arrangement to segregate its British Columbia properties into a separate company, Canmine Minerals Inc. (“Canmine”), at the Special Meeting of Shareholders held on December 12, 2017. The details of votes cast at the Special Meeting are summarized in the table below:

Resolution Votes Shares Voted % Voted % of O/S Shares
PLAN OF ARRANGEMENT For
Against
43,184,652
50,422
99.88
0.12
42.38
0.05
CANMINE STOCK OPTION PLAN For
Against
43,106,652
128,422
99.70
0.30
42.30
0.13

The Company will now apply for the Final Court Order to approve the arrangement, following which the Directors of Canasil and Canmine will proceed with the arrangements for meeting the initial listing requirements for the listing of Canmine on the TSX Venture Exchange (“the “Exchange”). Assuming that the Court Order is granted, the Directors of Canasil and Canmine will determine the timing for the remaining steps for the completion of the Arrangement.

CONSOLIDATED ZINC LTD. – $1.96M PLACEMENT TO ACCELERATE DRILLING PROGRAMS

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  • Consolidated Zinc (CZL) has received firm commitments for a Placement of $1.96 million from new and existing investors
  • Demand has been driven by the recently announced successful Scoping Study and newly identified exploration areas within and outside the mine which includes high grade intercepts well below the current development
  • CZL commenced a significant circa 70 hole drilling program in late November with 3 rigs undertaking extensional and resource definition drilling high grade Plomosas Zinc Project, along with the testing of further regional targets nearby
  • First assays are due shortly and further assays will continue for the next few months
  • Regional exploration demonstrating early success with the recently announced high grade assays of up to 42.72% Zn+Pb from mineralised exposures at the nearby Juarez mine
  • Funding will accelerate the drilling campaign to expand the existing Resource at Plomosas

Consolidated Zinc Ltd (“CZL” or the “Company”) is pleased to announce it has received firm commitments to place 163,455,050 fully paid ordinary shares at $0.012 per share (with a free 1 for 3 unlisted 2.5c, 31 December 2020 option), to raise $1.96 million before costs (“Capital Raising”). The issue has been offered to institutional and sophisticated investors in Australia and will be completed in two tranches. The first tranche of 107,681,717 shares will utilise the Company’s available 15% capacity and settle by 20 December 2017. The second tranche of 55,773,333 shares and 54,485,013 options (consisting of all free attaching options from tranche 1 and tranche 2 placements) will be subject to shareholder approval and so completed, once that has been obtained.

Mineros de Media Luna aceptan aumento y regresan a trabajar este viernes

http://www.elfinanciero.com.mx/empresas/mineros-de-media-luna-aceptan-aumento-y-manana-regresan-a-trabajar.html

Los trabajadores decidieron regresar a laborar y dar por terminado el bloqueo a las instalaciones de la empresa, el cual duró 40 días.

Chilpancingo. Luego de la propuesta del incremento del 8 por ciento a sus salarios, los trabajadores de la minera Media Luna decidieron regresar a laborar y dar por terminado el bloqueo a las instalaciones de la empresa que duró 40 días.

Los paristas tomaron la decisión por votación, de tal modo que el 99.2 por ciento de los 274 trabajadores paristas estuvieron a favor de concluir el paro e incorporarse a sus labores normales a partir de este viernes 15 de diciembre, fecha que la misma empresa Torex Gold, de la que depende la Media Luna, habría dado de plazo para tomar la decisión de continuar con sus operaciones o cerrar la tercer mina con mayor producción de oro del país.

La empresa con una inversión canadiense de mil 200 millones de pesos acordó incrementar el ocho por ciento el salario de sus empleados y el dos por ciento en los vales de despensa, aplicable a partir del primero de enero de 2018.

Primero Extends Revolving Credit Facility to December 22, 2017

 primero_dec 15, 2017

Primero Extends Revolving Credit Facility to December 22, 2017

(Please note that all dollar amounts in this news release are expressed in U.S. dollars unless otherwise indicated.)

TORONTO, ON–(Marketwired – December 15, 2017) – Primero Mining Corp. (“Primero” or the “Company”) (TSX: P) today announced that the Company has agreed with its lenders to an extension of its revolving credit facility (“RCF”) and guarantee provided by Wheaton Precious Metals Corp., previously maturing on December 15, 2017. The maturity of the RCF has been extended to December 22, 2017, providing the Company with the ability to continue negotiations surrounding its previously announced strategic review process and the possible divestiture of its San Dimas mine in Mexico. There can be no certainty that these discussions will result in a resolution acceptable to all stakeholders.

 

 

 

Cerro Cascaron Drill Permitting Underway

harvest god_dec 14, 2017

Vancouver, British Columbia / TheNewswire / December 14, 2017 – Harvest Gold Corporation (TSX.V:HVG) (“Harvest Gold” or the “Company”) is pleased to announce that the permitting process to conduct a 3,000 m diamond drilling exploration program at the high-grade Cerro Cascaron gold-silver project in Mexico is underway. The drill program is anticipated to include up to 30 holes from 50 to 300 metres in length and will require approximately 45-60 days to complete.

The Cerro Cascaron project covers 69 square kilometres in a historic Colonial-era mining district in the prolific Sierra Madre Occidental (“SMO”) precious metals belt of western Chihuahua State. Harvest Gold has the right to earn up to an 80% interest in Cerro Cascaron from Evrim Resources Corp. (“Evrim”) (TSX.V:EVM) by incurring certain exploration expenditures, making cash and share payments and delivering a 43-101 compliant feasibility study.

Bacanora Announces Strategic Cornerstone Investor and Offtake Agreement

Bacanora_NR

Highlights

  • New Institutional Investor agrees to acquire 19.89% interest in Bacanora
  • Follows highly favourable Feasibility Study which estimated a NPV8 of US$1.253 Billion
  • Provides entry into key Chinese market

 

Calgary, Alberta (FSCwire)BACANORA MINERALS LTD. (“Bacanora” or the “Company”) (TSX-V: BCN and AIM: BCN), the Canadian and London listed lithium company, is pleased to announce that NextView Capital (“NextView”), a leading Chinese institutional fund management group focused on new technologies and energy, has agreed to acquire a 19.89% equity interest (non-diluted) in Bacanora (the “Strategic Investment”) via the placement of 32,976,635 common shares in the Company (the “Placing”) at a price of 94.53 pence (approximately C$1.6223) per share (the “Placing Price”).  The £31,172,813 (approximately C$53,498,000) capital raised by the Placing will be used for the continued development of the Company’s Sonora Lithium Project.  The Placing Price represents the volume weighted average price of the Company’s shares on the AIM Market of the London Stock Exchange over the previous seven trading days.  The actual number of shares to be issued may be adjusted upwards at closing (to keep the total equity interest at 19.89%) in order to reflect any securities issuances (in particular, potential option exercises) occurring in the interim.  Ashanti Capital acted as lead broker for the Placing.

MAMMOTH RESOURCES ANNOUNCES CLOSING ON $720,000 PRIVATE PLACEMENT AND COMMENCEMENT OF DIAMOND DRILLING AT ITS TENORIBA GOLD-SILVER PROJECT, CHIHUAHUA, MEXICO

MammothResources

Toronto, Canada (December 14, 2017) – Mammoth Resources Corp. (TSX-V: MTH), (the “Company”) is pleased to announce that it has closed its previously announced non-brokered private placement (the “Private Placement”) of up to 8,000,000 units (the “Units”) of Mammoth at $0.09 per Unit, for gross proceeds of up to $720,000. Each Unit consists of one common share (a “Common Share”) and one common share purchase warrant (the “Warrant”) of the Company. Each Warrant will entitle the holder thereof to acquire one Common Share up to 18 months following closing of the Private Placement, at an exercise price of $0.13. The gross proceeds of the Private Placement will be used to diamond drill up to 3,000 metres testing up to 24 targets along a 5 kilometre trend of gold-silver mineralization at the Company’s Tenoriba, High Sulphidation gold-silver project in the Sierra Madre region of southwestern Chihuahua State, Mexico (refer to press release dated October 25, 2017) and for other working capital purposes.

KOOTENAY CLOSES $3.9 MILLION IN FIRST TRANCHE OF PRIVATE PLACEMENT

kootenay-closes-do

Kootenay Silver Inc. (TSXV: KTN) (the “Company” or “Kootenay”) is pleased to announce that further to its press release dated November 15, 2017, it has closed the initial tranche of its non-brokered private placement (the “Private Placement”) and has issued an aggregate of 19,549,480 units (each a “Unit”) at a purchase price of $0.20 per Unit for gross proceeds to the Company of $3,909,896. Each Unit consists of one common share (“Common Share”) and one-half of a transferable common share purchase warrant (each whole warrant a “Warrant”). Each Warrant entitles the holder to acquire one Common Share at an exercise price of $0.30 per share until December 13, 2020. Cash finder’s fees to arm’s length parties totaling $154,600 have been paid on this portion of the Private Placement.

The final tranche of the Private Placement to raise a further $109,000 by the issuance of an additional 545,000 Units is expected to close shortly, for aggregate total gross proceeds to Kootenay under the Private Placement of $4,018,896. The Company will announce the closing of the final tranche upon completion.

The net proceeds of the Private Placement will be used to fund the exploration and development of the Company’s La Cigarra project in Chihuahua State, Mexico, possible new acquisitions and for general working capital purposes.

Chesapeake Gold Provides Yarely Drilling and Exploration Update

ChesapeakeGold_2017_12_14_150

Chesapeake Gold Corp. (“Chesapeake”) is pleased to provide an update of the Phase 1 drilling and district wide exploration program at its regional Yarely project (“Yarely”) in Sinaloa State, Mexico. Yarely is strategically located 10 kilometres from a paved highway and within 25 kilometres of the proposed Metates processing plant site. Metates hosts one of the largest undeveloped gold, silver and zinc reserves in the world and is 100% owned by Chesapeake.

Excellon Commences 2018 Exploration Program At Platosa And Appoints New Director

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Toronto, Ontario – December 14, 2017 – Excellon Resources Inc. (TSX:EXN, EXN.WT and EXN.WT.A; OTC:EXLLF) (“Excellon” or the “Company”) is pleased to announce the commencement of an extensive surface exploration program on the 21,000-hectare Platosa Property in Durango, Mexico targeting further extensions to the Platosa Mine system and new manto and skarn discoveries.