Kootenay Silver Inc. (TSXV: KTN) (the “Company” or “Kootenay”) is pleased to report that it closed its non-brokered private placement financing (the “Private Placement”) of units (each a “Unit”) for gross proceeds of $5,000,000 ($0.16 per Unit), announced on August 13, 2019. The entire Private Placement was fully subscribed by Mr. Eric Sprott.
TORONTO, Ontario, August 22, 2019 – Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG) announces the Company has entered into a series of zero-cost collar hedges which are consistent with the policy approved by the Board of Directors. A total of 96,000 ounces of gold sales have been hedged evenly over the next 12 months. The floor price of the monthly gold collars has been set at $1,400/oz with the ceiling price of the collars ranging from $1,666/oz in September 2019 to $1,768/oz in August 2020.
Minaurum Gold Inc., (“Minaurum”) is pleased to announce further results from its ongoing first stage drill program at its Alamos Silver project in Sonora, Mexico. Over twenty vein systems have been identified at Alamos and with these latest results Minaurum has now tested 14 of these known systems. The initial focus has been on drilling several holes into each vein to determine the extent of the district and to generate a prioritized inventory for subsequent systematic drilling. Several holes were dedicated to finding wide zones within the major known veins.
TORONTO, Aug. 19, 2019 /CNW/ – Argonaut Gold Inc. (TSX:AR) (the “Company”, “Argonaut Gold” or “Argonaut”) is pleased to announce that it has entered into an agreement with Cormark Securities Inc. (“Cormark”) to act as lead underwriter of a syndicate of underwriters (collectively, the “Underwriters”), pursuant to which the Underwriters shall purchase 1,176,500 common shares that qualify as “flow-through shares” of the Company for the purposes of the Income Tax Act(Canada) (“Flow-Through Common Shares”) at a price of C$3.40 per Flow-Through Common Share, on a “bought deal” private placement basis, for aggregate gross proceeds to the Company of approximately C$4.0 million (the “Offering”).
DENVER–(BUSINESS WIRE)– Newmont Goldcorp Corporation (NYSE: NEM) (TSX: NGT) (formerly known as Newmont Mining Corporation) (Newmont Goldcorp or the Company) announced today that the Company is soliciting consents (the “Consent Solicitation”) from holders (the “Holders”) of its outstanding 5.875% Notes due 2035 (the “Notes”) to effect certain Proposed Amendments (as defined herein) to the indenture governing the Notes (the “Indenture”) upon the terms and subject to the conditions set forth in the Consent Solicitation Statement, dated August 16, 2019 (as amended or supplemented from time to time, the “Consent Solicitation Statement”). The Notes are guaranteed by Newmont USA Limited, a Delaware corporation (“Newmont USA”), and Nevada Gold Mines LLC, a Delaware limited liability company (the “JV Entity”).
VANCOUVER, Aug. 19, 2019 /CNW/ – SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (“SSR Mining”) announces that it has completed the previously announced transaction with SilverCrest Metals Inc. (TSXV:SIL) (NYSE American: SILV) (“SilverCrest”) to purchase, on a private placement basis, 780,000 common shares of SilverCrest at a price of C$5.85 per common share for total consideration of C$4,563,000. This transaction was previously announced in SSR Mining’s news release dated July 23, 2019.
TORONTO, Aug. 16, 2019 (GLOBE NEWSWIRE) — Magna Gold Corp. (TSXV: MGR.P) (“Magna” or the “Corporation”), is pleased to announce that further to its press release on May 27, 2019, it has completed the acquisition of the Las Marias Property and Las Cabanas mineral claims (the “Las Marias/Las Cabanas Transaction”). Las Marias Property consists of 7 mining concessions covering 646 hectares adjacent to the Mercedes Property and Las Cabanas consists of 2 claims covering 248 hectares located approximately 10 km south-west of the Mercedes Property in Sonora, Mexico. The total purchase price for the new mineral concessions and other rights was $250,000 and the issuance of 1,000,000 common shares (the “Consideration Shares”) of the Corporation.
August 16, 2019, Toronto, Ontario – Discovery Metals Corp. (TSX-V: DSV) (“Discovery” or the “Company”) announces that it has granted to certain officers, directors, employees and/or consultants of the Company an aggregate of 5,300,000 options to acquire common shares of the Company (“Options”). The Options have an exercise price of $0.48 per share, have a five-year term from the date of grant, and vest according to the following schedules:
- Management and employees: annually in equal thirds beginning on the date of grant;
- Consultants: quarterly in equal eighths beginning three months after the date of grant; and
- Directors: immediately on the date of grant.
Vancouver, British Columbia–(Newsfile Corp. – August 12, 2019) – Valterra Resource Corporation (TSXV: VQA) (OTCQB:VRSCF) (“Valterra” or the “Company”) reported today that the Company has received approval from the TSX Venture Exchange to extend the closing date by 30 days from the date of this news release.
Minera Alamos Inc. (“Minera” or the “Company”) (TSXV: MAI) is pleased to announce that following the successful permitting process for the development of the Santana gold project, it has commenced its Phase 2 drill program.